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Segments

By segment

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Stormwater$395.71M+3.7%
Wastewater$104.6M

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 wms:CostOfGoodsSoldExcludingEmployeeStockOptionPlanSpecialDividendCompensation.

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
Net sales$1,001,112$829,880
Cost of goods sold593,065499,442
Gross profit408,047330,438
Operating expenses:
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

Item 1. Financial Statements (Unaudited)Page

FAQ

What is Advanced Drainage Systems's cost of goods sold?
Advanced Drainage Systems (WMS) reported cost of goods sold of $593.07M in Q2 2026.
How has Advanced Drainage Systems's cost of goods sold changed year-over-year?
Advanced Drainage Systems's cost of goods sold increased by 18.7% year-over-year, from $499.44M to $593.07M.
What is the long-term trend for Advanced Drainage Systems's cost of goods sold?
Over 4 years (2021 to 2025), Advanced Drainage Systems's cost of goods sold has grown at a -0.9% compound annual growth rate (CAGR), from $1.95B to $1.88B.
What does cost of goods sold mean?
Cost of goods sold represents the direct costs attributable to the production of the goods sold by a company. This includes the cost of the materials and labor directly used to create the product, excluding indirect expenses like distribution or sales force costs.

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