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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$11.48B+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

Reported directly by Advanced Drainage Systems in its filing.

Tagged under the XBRL concept us-gaap:ShareBasedCompensation.

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
Depreciation and amortization62,15750,228
Deferred income taxes1,160(3,748)
Loss on disposal of assets and costs from exit and disposal activities2,6217,024
Stock-based compensation13,2748,404
Amortization of deferred financing charges960511
Inventory step up related to NDS acquisition14,197
Fair market value adjustments to derivatives2,44777
Equity in net income of unconsolidated affiliates(1,297)(1,343)

Item 1. Financial Statements (Unaudited)Page

FAQ

What is Advanced Drainage Systems's stock-based comp?
Advanced Drainage Systems (WMS) reported stock-based comp of $13.27M in Q2 2026.
How has Advanced Drainage Systems's stock-based comp changed year-over-year?
Advanced Drainage Systems's stock-based comp increased by 57.9% year-over-year, from $8.4M to $13.27M.
What does stock-based comp mean?
Total non-cash stock-based compensation expense for equity awards (RSUs, options, ESPP), added back to net income in cash flow reconciliation.

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