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Other financials

Income statement

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Revenue$1.0B+20.6%
Gross profit$408.0M+23.5%
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
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:OperatingIncomeLoss.

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 itemThree Months Ended June 30, 2026Three Months Ended June 30, 2025
Selling, general and administrative130,818103,961
Loss on disposal of assets and costs from exit and disposal activities2,6217,024
Intangible amortization20,06013,707
Income from operations254,548205,746
Other expense:
Interest expense27,04023,029
Interest income and other, net(1,452)(6,705)
Income before income taxes228,960189,422

Item 1. Financial Statements (Unaudited)Page

FAQ

What is Advanced Drainage Systems's operating income?
Advanced Drainage Systems (WMS) reported operating income of $254.55M in Q2 2026.
How has Advanced Drainage Systems's operating income changed year-over-year?
Advanced Drainage Systems's operating income increased by 23.7% year-over-year, from $205.75M to $254.55M.
What is the long-term trend for Advanced Drainage Systems's operating income?
Over 4 years (2021 to 2025), Advanced Drainage Systems's operating income has grown at a 10.7% compound annual growth rate (CAGR), from $411.92M to $619.2M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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