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Advanced Drainage Systems WMS Pipe Segment — Acquisitions

Other segment segments

Stormwater
-$321.61M
Wastewater
-$555K
Allied Products And Other Business Segments
$0
Infiltrator Segment
$0-100%
International
$0

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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$11.47B+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 us-gaap:GoodwillAcquiredDuringPeriod.

The source filing: Advanced Drainage Systems’s 10-K, filed May 21, 2026.

Filed
May 21, 2026, 4:06 PM EDT
Fiscal year
FY2025
Accession
0001604028-26-000019
(Amounts in thousands)As Previously Reported / PipeAs Previously Reported / InfiltratorAs Previously Reported / InternationalAs Previously Reported / Allied Products& OtherStormwaterWastewaterTotal
Balance at March 31, 2024$65,766$495,841$10,441$45,135$617,183
Acquisition103,676103,676
Currency translation(636)(636)
Balance at March 31, 202565,766599,5179,80545,135720,223
Reallocation due to change in segments(65,766)(599,517)(9,805)(45,135)120,706599,517
Acquisitions321,612555322,167
Currency translation326326
Balance at March 31, 2026$442,644$600,072$1,042,716

Item 16. Form 10-K Summary

FAQ

What is Advanced Drainage Systems's pipe segment — acquisitions?
Advanced Drainage Systems (WMS) reported pipe segment — acquisitions of $0 in Q1 2026.
What is the long-term trend for Advanced Drainage Systems's pipe segment — acquisitions?
Over 3 years (2021 to 2025), Advanced Drainage Systems's pipe segment — acquisitions has grown at a -100.0% compound annual growth rate (CAGR), from $11.13M to $0.
What does pipe segment — acquisitions mean?
This metric tracks the total capital expenditure or cash outflow dedicated to acquiring businesses or assets specifically integrated into the pipe segment. It serves as a key indicator of the company's inorganic growth strategy within its primary product category. Investors use this to evaluate how the company is expanding its manufacturing capacity or market reach for pipe products.

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