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Advanced Drainage Systems WMS United States — Net Sales

Discontinued — last reported Q4 '25

Other geography segments

Canada
$126.05M-6.3%

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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:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Advanced Drainage Systems’s 10-K, filed May 21, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Advanced Drainage Systems's united states — net sales?
Advanced Drainage Systems (WMS) reported united states — net sales of $714.39M in Q1 2026.
How has Advanced Drainage Systems's united states — net sales changed year-over-year?
Advanced Drainage Systems's united states — net sales increased by 5.5% year-over-year, from $677.4M to $714.39M.
What is the long-term trend for Advanced Drainage Systems's united states — net sales?
Over 3 years (2022 to 2025), Advanced Drainage Systems's united states — net sales has grown at a 0.1% compound annual growth rate (CAGR), from $2.85B to $2.86B.
What does united states — net sales mean?
This metric represents the total revenue generated from the sale of water management products, including thermoplastic corrugated pipe and related infrastructure solutions, within the United States market. It serves as a primary indicator of the company's market penetration and demand for its core product offerings in its largest geographic operating region. Fluctuations in this figure reflect changes in construction activity, infrastructure spending, and the company's competitive positioning within the domestic market.