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Segments

By segment

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Stormwater$590.5M
Wastewater$208.92M

By geography

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Canada$126.05M-6.3%

Other financials

Income statement

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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+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:RevenueFromContractWithCustomerExcludingAssessedTax.

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 total revenue?
Advanced Drainage Systems (WMS) reported total revenue of $1B in Q2 2026.
How has Advanced Drainage Systems's total revenue changed year-over-year?
Advanced Drainage Systems's total revenue increased by 20.6% year-over-year, from $829.88M to $1B.
What is the long-term trend for Advanced Drainage Systems's total revenue?
Over 4 years (2021 to 2025), Advanced Drainage Systems's total revenue has grown at a 2.4% compound annual growth rate (CAGR), from $2.77B to $3.05B.
What does total revenue mean?
The aggregate of all revenue from the company's operations — the top line from which all profitability metrics are derived.

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