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Advanced Drainage Systems WMS Non-Controlling Interests

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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$11.47B+29.6%
Enterprise value$13.07B+35.7%
P/E25.4×+5.0×
P/S3.6×+0.5×

Profitability

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Gross margin38.6%+1.2pp
Operating margin20.7%-1.1pp
Net margin14%-0.8pp
FCF margin17.5%+1.4pp

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

Reported directly by Advanced Drainage Systems in its filing.

Tagged under the XBRL concept us-gaap:MinorityInterest.

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

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001604028-26-000037
Line itemJune 30, 2026March 31, 2026
Paid-in capital1,361,9111,342,091
Common stock in treasury, at cost(1,564,932)(1,325,713)
Accumulated other comprehensive loss(33,109)(32,290)
Retained earnings2,016,1091,862,936
Total ADS stockholders’ equity1,791,6931,858,734
Noncontrolling interest in subsidiaries26,70223,578
Total stockholders’ equity1,818,3951,882,312
Total liabilities, mezzanine equity and stockholders’ equity$4,509,983$4,505,623

Item 1. Financial Statements (Unaudited)Page

FAQ

What is Advanced Drainage Systems's non-controlling interests?
Advanced Drainage Systems (WMS) reported non-controlling interests of $26.7M in Q2 2026.
How has Advanced Drainage Systems's non-controlling interests changed year-over-year?
Advanced Drainage Systems's non-controlling interests increased by 39.0% year-over-year, from $19.21M to $26.7M.
What is the long-term trend for Advanced Drainage Systems's non-controlling interests?
Over 5 years (2020 to 2025), Advanced Drainage Systems's non-controlling interests has grown at a 11.4% compound annual growth rate (CAGR), from $13.73M to $23.58M.
What does non-controlling interests mean?
Equity attributable to minority shareholders in subsidiaries not fully owned by the parent — their proportional claim on subsidiary net assets.

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