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Advanced Drainage Systems WMS Wastewater — Segment Adjusted EBITDA

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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 wms:SegmentAdjustedEBITDA.

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
(Amounts in thousands)StormwaterWastewaterIntersegment EliminationsTotal
Costs of goods sold518,812104,600(30,347)593,065
Selling, general and administrative expenses100,68117,650118,331
Other segment items(a)(72,252)(8,789)(81,041)
Segment Adjusted EBITDA(b)$273,701$95,459$1,597
Corporate and other costs(c)12,487
Total consolidated Adjusted EBITDA$358,270
Reconciliation of total reportable segment Adjusted EBITDA to income from continuing operations before income taxes:
Interest expense, net27,040

Item 1. Financial Statements (Unaudited)Page

FAQ

What is Advanced Drainage Systems's wastewater — segment adjusted EBITDA?
Advanced Drainage Systems (WMS) reported wastewater — segment adjusted EBITDA of $95.46M in Q2 2026.
How has Advanced Drainage Systems's wastewater — segment adjusted EBITDA changed year-over-year?
Advanced Drainage Systems's wastewater — segment adjusted EBITDA increased by 9.4% year-over-year, from $87.26M to $95.46M.
What does wastewater — segment adjusted EBITDA mean?
A measure of the wastewater segment's operational profitability, calculated by adding back depreciation, amortization, and other non-cash or non-recurring items to operating income. It provides a clear view of the segment's core cash-generating capability.

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