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Advanced Drainage Systems WMS Wastewater — SG&A

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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:SellingGeneralAndAdministrativeAdjusted.

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
Net sales820,942208,920(28,750)1,001,112
Significant segment expenses:
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

Item 1. Financial Statements (Unaudited)Page

FAQ

What is Advanced Drainage Systems's wastewater — SG&A?
Advanced Drainage Systems (WMS) reported wastewater — SG&A of $17.65M in Q2 2026.
How has Advanced Drainage Systems's wastewater — SG&A changed year-over-year?
Advanced Drainage Systems's wastewater — SG&A decreased by 3.8% year-over-year, from $18.34M to $17.65M.
What does wastewater — SG&A mean?
The operating expenses incurred to support the wastewater segment, including sales commissions, marketing, administrative salaries, and overhead. It represents the fixed and variable costs required to manage and grow the segment's market presence.

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