What does inventory step up related to NDS acquisition mean?

A non-cash adjustment to inventory value following an acquisition that affects reported profit.

How do you interpret inventory step up related to NDS acquisition?

High values indicate significant recent M&A activity and purchase price accounting adjustments.

How does inventory step up related to NDS acquisition compare across companies?

Specific to companies undergoing recent inorganic growth through acquisitions.

Advanced Drainage Systems WMS Inventory step up related to NDS acquisition

Discontinued — last reported Q4 '25

Inventory step up related to NDS acquisition at other companies

Boston ScientificBSX

$2M-97.5%

StrykerSYK

$43.25M+276%

EnerSysENS

$463.5K-74.5%

STERISSTE

$0—

EnerSysENS

$1.07M—

AmcorAMCR

$33.25M—

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

See full

Return on equity25.2%-8.4pp

Debt / equity1×0.0×

Current ratio2.4×-0.9×

Where this comes from

Reported directly by Advanced Drainage Systems in its filing.

Tagged under the XBRL concept wms:InventoryStepUpRelatedToAcquisition.

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 inventory step up related to NDS acquisition?: Advanced Drainage Systems (WMS) reported inventory step up related to NDS acquisition of $3.07M in Q1 2026.
What does inventory step up related to NDS acquisition mean?: A non-cash adjustment to inventory value following an acquisition that affects reported profit.
How do you interpret inventory step up related to NDS acquisition?: High values indicate significant recent M&A activity and purchase price accounting adjustments.
How does inventory step up related to NDS acquisition compare across companies?: Specific to companies undergoing recent inorganic growth through acquisitions.