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Advanced Drainage Systems, Inc.

WMSIndustrialsNASDAQ

Building Products & Equipment · Last scanned May 30, 2026

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Financials · Annual
Revenue
$3.05B
+5.0% YoY
Net Income
$426.5M
-5.3% YoY
EBITDA
$869.9M
+0.6% YoY
Free Cash Flow
$336.4M

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About Advanced Drainage Systems, Inc.

Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally. The $10.66B market capitalization puts WMS squarely in large-cap range for its industry. The company operates through Stormwater and Wastewater segments.

Key stats
Market Cap$10.66B
P/E (TTM)25.49
Fwd P/E18.98
EPS$5.46
Beta1.33
52W Change+29.8%
Dividend Yield0.57%
ROE25.1%
Analysis

The company holds $223.0M in cash, though total debt stands at $1.85B. This level of leverage is common in the industry but worth monitoring as interest rate conditions evolve. Annual free cash flow of $336.4M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at 25.1%, which is strong for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Return on assets of 10.5% further supports the picture of efficient asset utilization. Revenue has been relatively flat, moving from $3.07B (2023) to $3.05B (2026).

The debt-to-cash ratio suggests meaningful leverage on the balance sheet, a factor worth monitoring if credit conditions tighten. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing WMS.

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