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Advanced Drainage Systems WMS Free cash flow margin

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Other financials

Income statement

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Revenue$1.0B+20.6%
Gross profit$408.0M+23.5%
Operating income$254.5M+23.7%
Net income$168.5M+17.1%
EPS (diluted)$2.19+19.0%

Balance sheet

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Cash & equivalents$162.4M-74.8%
Total debt$1.8B+23.5%
Total equity$1.8B+7.2%
Total assets$4.5B+15.3%

Cash flow

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Operating cash flow$260.4M-5.3%
CapEx$57.2M+8.7%
Free cash flow$203.2M-8.6%

Valuation

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Market cap$11.48B+26.3%
Enterprise value$13.08B+32.4%
P/E25.5×+4.4×
P/S3.6×+0.4×

Profitability

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Gross margin38.6%+1.2pp
Operating margin20.7%-1.1pp
Net margin14%-0.8pp

Returns & leverage

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Return on equity26.1%-3.4pp
Debt / equity+0.1×
Current ratio2.1×-1.1×

Where this comes from

Calculated from Advanced Drainage Systems’s reported figures.

Based on trailing twelve months.

The source filing: Advanced Drainage Systems’s 10-Q, filed August 6, 2026. Open the filing →

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001604028-26-000037

FAQ

What is Advanced Drainage Systems's free cash flow margin?
Advanced Drainage Systems (WMS) reported free cash flow margin of 17.5% in Q2 2026.
How has Advanced Drainage Systems's free cash flow margin changed year-over-year?
Advanced Drainage Systems's free cash flow margin increased by 8.5% year-over-year, from 16.1% to 17.5%.
What is the long-term trend for Advanced Drainage Systems's free cash flow margin?
Over 4 years (2020 to 2025), Advanced Drainage Systems's free cash flow margin has grown at a -0.8% compound annual growth rate (CAGR), from 19.7% to 19.1%.
What does free cash flow margin mean?
Free cash flow (operating cash flow minus capital expenditures) as a percentage of revenue, trailing twelve months. Measures how efficiently revenue converts into discretionary cash.

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