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Advanced Drainage Systems WMS Q3 2025 earnings

Reported February 5, 2026 · Before market open

Revenue$693.4MBeat by $5.9M
EPS$1.27Beat by $0.16
Revenue estimate$687.5M
EPS estimate$1.11

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$992.5M
EPS estimate$2.09

Financials

Q3 2025

Income statement

See full
Revenue$693.4M+0.4%
Gross profit$259.2M+7.3%
Operating income$136.8M+7.9%
Net income$93.6M+15.3%
EPS (diluted)$1.19+14.4%

Balance sheet

See full
Cash & equivalents$1.0B+104%
Total debt$1.4B+2.6%
Total equity$1.9B+32.9%
Total assets$4.1B+15.0%

Cash flow

See full
Operating cash flow$269.3M+41.8%
CapEx$85.7M+58.1%
Free cash flow$183.6M+35.3%

Valuation & ratios

Valuation

as of 12/31/25
See full
Market cap$11.26B+25.7%
Enterprise value$11.7B+18.4%
P/E23.9×+4.8×
P/S3.8×+0.7×

Profitability

See full
Gross margin38.7%+0.6pp
Operating margin22.8%-0.1pp
Net margin15.7%-0.2pp
FCF margin19.5%+6.8pp

Returns & leverage

See full
Return on equity27.9%-9.1pp
Debt / equity0.7×-0.2×
Current ratio4.1×+0.9×

Segments

By segment

See full
Pipe$339.2M-3.7%
Allied Products & Other$168.1M+8.9%
Infiltrator$167.7M+4.7%
Total International$50.5M-5.3%

By product

See full
International - Pipe$35.5M-3.9%
International - Allied Products & Other$15.0M-8.2%

By geography

See full
Canada$29.8M-0.2%

Versus estimates

Revenue

Q4 2026$676.8MBeat by $24.8MQ3 2026$693.4MBeat by $5.9MQ2 2026$850.4MBeat by $49.4MQ1 2026$690.5MMiss by $106.8MQ4 2025$615.8MMiss by $43.2M
Q3 2025$690.5MBeat by $28.8M

Diluted EPS

Q4 2026$1.07Beat by $0.07Q3 2026$1.27Beat by $0.16Q2 2026$1.97Beat by $0.33Q1 2026$1.95Beat by $0.20Q4 2025$1.03Miss by $0.03
Q3 2025$1.09Miss by $0.25

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Questions, answered.

When did Advanced Drainage Systems report Q3 2025 earnings?
Advanced Drainage Systems (WMS) reported Q3 2025 earnings on February 5, 2026 before market open.
What were Advanced Drainage Systems's Q3 2025 revenue and EPS?
Advanced Drainage Systems reported revenue of $693.4M and eps of $1.27 for Q3 2025.
Did Advanced Drainage Systems beat estimates in Q3 2025?
Revenue beat the consensus estimate of $687.5M by $5.9M. EPS beat the consensus estimate of $1.11 by $0.16.
How did Advanced Drainage Systems's Q3 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 0.4% from $690.5M a year earlier and eps grew 16.5% from $1.09.
Where can I find Advanced Drainage Systems's Q3 2025 SEC filings?
You can read the 8-K earnings release (0001604028-26-000002) and the 10-Q periodic report (0001604028-26-000007) directly on SEC EDGAR. The filing index links above go to sec.gov.