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Advanced Drainage Systems WMS Return on invested capital

Return on invested capital at other companies

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10.2%+0.4pp
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8.4%+1.1pp
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Northwest PipeNWPX
9.3%+1.3pp
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13.4%-0.3pp
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12.9%+0.1pp

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$11.48B+29.6%
Enterprise value$13.08B+35.7%
P/E25.5×+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

Calculated from Advanced Drainage Systems’s reported figures.

Based on trailing twelve months.

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

Filed
Aug 6, 2026, 4:08 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q2 2026
Accession
0001604028-26-000037

FAQ

What is Advanced Drainage Systems's return on invested capital?
Advanced Drainage Systems (WMS) reported return on invested capital of 17.4% in Q2 2026.
How has Advanced Drainage Systems's return on invested capital changed year-over-year?
Advanced Drainage Systems's return on invested capital decreased by 18.0% year-over-year, from 21.2% to 17.4%.
What is the long-term trend for Advanced Drainage Systems's return on invested capital?
Over 5 years (2020 to 2025), Advanced Drainage Systems's return on invested capital has grown at a -1.0% compound annual growth rate (CAGR), from 16.4% to 15.6%.
What does return on invested capital mean?
Net operating profit after tax (operating income taxed at the effective rate) divided by average invested capital (debt plus equity minus cash). Measures the after-tax return on all capital put to work in the business, independent of capital structure.

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