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Other financials

Income statement

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Revenue$676.8M+9.9%
Gross profit$237.7M+5.0%
Operating income$53.3M-54.4%
Net income$32.9M-57.4%
EPS (diluted)$0.42-57.6%

Balance sheet

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Cash & equivalents$223.0M-52.5%
Total debt$1.8B+23.6%
Total equity$1.9B+21.8%
Total assets$4.5B+22.1%

Cash flow

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Operating cash flow$39.9M-3.2%
CapEx$53.0M+14.0%
Free cash flow-

Valuation

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Market cap$11.27B+26.7%
Enterprise value$12.89B+30.2%
P/E26.4×+6.7×
P/S3.7×+0.6×

Profitability

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Gross margin38.3%+0.6pp
Operating margin20.3%-2.3pp
Net margin14%-1.5pp
FCF margin19.1%+6.2pp

Returns & leverage

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Return on equity25.2%-8.4pp
Debt / equity0.0×
Current ratio2.4×-0.9×

Where this comes from

Reported directly by Advanced Drainage Systems in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Advanced Drainage Systems’s 10-K, filed May 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Advanced Drainage Systems's income tax?
Advanced Drainage Systems (WMS) reported income tax of $5.36M in Q1 2026.
How has Advanced Drainage Systems's income tax changed year-over-year?
Advanced Drainage Systems's income tax decreased by 76.9% year-over-year, from $23.17M to $5.36M.
What is the long-term trend for Advanced Drainage Systems's income tax?
Over 4 years (2021 to 2025), Advanced Drainage Systems's income tax has grown at a 5.2% compound annual growth rate (CAGR), from $110.07M to $134.99M.
What does income tax mean?
The total amount of income tax the company is required to pay on its earnings.
How do you interpret income tax?
An increase may reflect higher pre-tax profitability or changes in tax rates, while a decrease could indicate lower earnings or tax planning efficiencies.
How does income tax compare across companies?
Varies significantly by jurisdiction and effective tax rate management across peer industrial manufacturing firms.