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Advanced Drainage (WMS) | Financial Analysis & Statements

Advanced Drainage Systems, Inc. | Large-cap | Industrials

$147.38

4.94%

Advanced Drainage vs Trane Technologies Advanced Drainage vs Johnson Controls Advanced Drainage vs Carrier Global Advanced Drainage vs Lennox International Advanced Drainage vs Carlisle Companies Advanced Drainage vs S&P 500 | Market

TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Jun 2025

Income Metrics

Revenue 829.9M

Gross Profit 330.4M 39.82%

Operating Income 212.8M 25.64%

Net Income 144.1M 17.36%

EPS (Diluted) $1.84

Balance Sheet Metrics

Total Assets 3.7B

Total Liabilities 2.1B

Shareholders Equity 1.6B

Debt to Equity 1.26

Cash Flow Metrics

Operating Cash Flow 40.1M

Free Cash Flow -5.3M

Revenue & Profitability Trend

Interactive Financial Charts Not Available

This page uses interactive financial charts and dynamic data visualization tools that require JavaScript. For detailed financial analysis:

Available Financial Data:

Income statements (annual and quarterly)
Balance sheets with asset and liability details
Cash flow statements and free cash flow analysis
Key financial ratios and performance metrics
Peer comparison and industry benchmarking

All financial data is displayed in accessible table format below. Use the table headers and structure to analyze trends and compare metrics across different periods.

Advanced Drainage Income Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Revenue i	2.9B	2.9B	3.1B	2.8B	2.0B
Cost of Goods Sold i	1.8B	1.7B	2.0B	2.0B	1.3B
Gross Profit i	1.1B	1.1B	1.1B	800.4M	690.1M
Gross Margin % i	37.7%	39.9%	36.4%	28.9%	34.8%
Operating Expenses
Research & Development i	-	-	-	-	-
Selling, General & Administrative i	380.4M	370.7M	339.5M	321.1M	267.6M
Other Operating Expenses i	-	-	-	-	-
Total Operating Expenses i	380.4M	370.7M	339.5M	321.1M	267.6M
Operating Income i	661.3M	723.8M	723.7M	415.3M	348.8M
Operating Margin % i	22.8%	25.2%	23.6%	15.0%	17.6%
Non-Operating Items
Interest Income i	23.5M	22.0M	9.8M	52.0K	287.0K
Interest Expense i	91.8M	88.9M	70.2M	33.6M	35.7M
Other Non-Operating Income	-3.5M	9.8M	-6.2M	1.7M	-1.2M
Pre-tax Income i	589.5M	666.8M	657.1M	383.5M	312.3M
Income Tax i	141.1M	159.0M	150.6M	110.1M	86.4M
Effective Tax Rate % i	23.9%	23.8%	22.9%	28.7%	27.7%
Net Income i	452.6M	513.3M	511.4M	275.0M	226.1M
Net Margin % i	15.6%	17.9%	16.7%	9.9%	11.4%
Key Metrics
EBITDA i	868.9M	901.7M	878.8M	558.2M	495.3M
EPS (Basic) i	$5.81	$6.52	$6.16	$3.22	$2.64
EPS (Diluted) i	$5.76	$6.45	$6.08	$3.15	$2.59
Basic Shares Outstanding i	77549000	78252000	82315000	71276000	70155000
Diluted Shares Outstanding i	77549000	78252000	82315000	71276000	70155000

Income Statement Trend

Advanced Drainage Balance Sheet From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Assets
Current Assets
Cash & Equivalents i	463.3M	490.2M	217.1M	20.1M	195.0M
Short-term Investments i	-	-	-	-	-
Accounts Receivable i	314.0M	318.7M	305.0M	339.6M	233.8M
Inventory i	488.3M	464.2M	464.0M	494.3M	301.0M
Other Current Assets	40.0M	22.0M	29.4M	15.7M	10.8M
Total Current Assets i	1.3B	1.3B	1.0B	871.9M	743.0M
Non-Current Assets
Property, Plant & Equipment i	405.4M	355.4M	311.0M	308.9M	294.4M
Goodwill i	1.9B	1.6B	1.6B	1.7B	1.7B
Intangible Assets i	448.1M	352.7M	407.6M	431.4M	482.0M
Long-term Investments	-	-	-	-	-
Other Non-Current Assets	146.3M	122.8M	122.8M	116.8M	92.5M
Total Non-Current Assets i	2.4B	2.0B	1.9B	1.8B	1.7B
Total Assets i	3.7B	3.3B	2.9B	2.6B	2.4B
Liabilities
Current Liabilities
Accounts Payable i	218.0M	254.4M	210.1M	225.0M	171.1M
Short-term Debt i	62.5M	45.6M	37.6M	38.7M	35.3M
Current Portion of Long-term Debt	-	-	-	-	-
Other Current Liabilities	-	-	-	-	-
Total Current Liabilities i	398.4M	439.6M	378.8M	391.2M	318.3M
Non-Current Liabilities
Long-term Debt i	1.4B	1.3B	1.3B	920.1M	815.2M
Deferred Tax Liabilities i	190.4M	156.7M	159.1M	168.4M	162.2M
Other Non-Current Liabilities	83.2M	70.7M	66.7M	64.9M	54.8M
Total Non-Current Liabilities i	1.7B	1.5B	1.5B	1.2B	1.0B
Total Liabilities i	2.1B	2.0B	1.9B	1.5B	1.4B
Equity
Common Stock i	104.3M	120.3M	164.9M	11.6M	11.6M
Retained Earnings i	1.5B	1.1B	626.2M	158.9M	-75.2M
Treasury Stock i	1.2B	1.1B	921.0M	318.7M	11.0M
Other Equity	-	-	-	-	-
Total Shareholders Equity i	1.6B	1.3B	994.9M	1.1B	1.1B
Key Metrics
Total Debt i	1.4B	1.4B	1.3B	958.8M	850.5M
Working Capital i	926.4M	860.3M	638.7M	480.7M	424.7M

Balance Sheet Composition

Advanced Drainage Cash Flow Statement From 2021 to 2025

Metric	2025	2024	2023	2022	2021
Operating Activities
Net Income i	452.6M	513.3M	511.4M	275.0M	226.1M
Depreciation & Amortization i	183.3M	154.9M	145.1M	141.8M	145.6M
Stock-Based Compensation i	26.6M	32.0M	21.7M	108.0M	65.4M
Working Capital Changes i	-78.2M	26.4M	38.7M	-236.6M	21.9M
Operating Cash Flow i	585.6M	733.1M	709.9M	279.1M	452.7M
Investing Activities
Capital Expenditures i	-	-	-	-	-
Acquisitions i	-237.3M	0	-48.0M	-49.3M	0
Investment Purchases i	-	-	-	-	-
Investment Sales i	-	-	-	-	-
Investing Cash Flow i	-234.9M	28.1M	-47.6M	-49.8M	883.0K
Financing Activities
Share Repurchases i	-69.9M	-207.3M	-575.0M	-292.0M	0
Dividends Paid i	-49.7M	-44.0M	-39.6M	-37.0M	-30.7M
Debt Issuance i	0	0	500.0M	36.0M	0
Debt Repayment i	-37.4M	-26.9M	-264.7M	-280.1M	-328.5M
Financing Cash Flow i	-167.7M	-290.8M	-539.5M	-473.5M	-462.1M
Free Cash Flow i	368.5M	534.1M	540.9M	125.8M	373.5M
Net Change in Cash i	182.9M	470.4M	122.9M	-244.2M	-8.5M

Cash Flow Trend

Advanced Drainage Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 25.98

Forward P/E 20.50

Price to Book 6.23

Price to Sales 3.83

PEG Ratio -2.35

Profitability Ratios

Profit Margin 14.82%

Operating Margin 25.64%

Return on Equity 29.24%

Return on Assets 11.17%

Financial Health

Current Ratio 3.22

Debt to Equity 84.62

Beta 1.27

Per Share Data

EPS (TTM) $5.54

Book Value per Share $23.11

Revenue per Share $37.63

Peer Financial Comparison

Company	Market Cap	P/E Ratio	P/B Ratio	ROE	Profit Margin	Debt/Equity
wms	11.2B	25.98	6.23	29.24%	14.82%	84.62
Trane Technologies	94.2B	33.34	12.03	39.08%	13.76%	58.75
Johnson Controls	68.4B	34.84	4.32	11.65%	9.53%	68.32
Carrier Global	55.7B	37.59	3.78	11.38%	17.81%	79.17
Lennox International	21.5B	26.25	23.93	112.94%	15.41%	171.66
Carlisle Companies	16.0B	20.53	7.35	33.20%	25.24%	87.44

Financial data is updated regularly. All figures are in the company's reporting currency.