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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

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Return on equity25.2%-8.4pp
Debt / equity0.0×
Current ratio2.4×-0.9×

Where this comes from

Reported directly by Advanced Drainage Systems in its filing.

Tagged under the XBRL concept us-gaap:SegmentExpenditureAdditionToLongLivedAssets.

The official record: Advanced Drainage Systems’s 10-Q, filed February 5, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Advanced Drainage Systems's pipe — capex?
Advanced Drainage Systems (WMS) reported pipe — capex of $31.86M in Q4 2025.
How has Advanced Drainage Systems's pipe — capex changed year-over-year?
Advanced Drainage Systems's pipe — capex decreased by 19.3% year-over-year, from $39.5M to $31.86M.
What is the long-term trend for Advanced Drainage Systems's pipe — capex?
Over 2 years (2021 to 2024), Advanced Drainage Systems's pipe — capex has grown at a 51.0% compound annual growth rate (CAGR), from $64.66M to $147.46M.
What does pipe — capex mean?
The amount of money spent by the segment to buy or improve physical assets like machinery and factories.
How do you interpret pipe — capex?
Higher spending indicates investment in growth or modernization, while lower spending may signal a focus on cash preservation or a mature asset cycle.
How does pipe — capex compare across companies?
Standard metric for assessing capital intensity and growth investment across industrial peers.