Advanced Drainage Systems, Inc. (New York Stock Exchange:WMS)
Insiders here have filed 4 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Keeps a healthy share of every dollar it sells.
- Revenue
- $3.22B
- Net income
- $451.1M
- Net margin
- 14.0%
A manageable debt load.
- Total debt
- $1.77B
- Cash
- $162.3M
- Net debt / EBITDA
- 1.73x
Comfortably covers what is due within a year.
- Current assets
- $1.24B
- Current liabilities
- $585.6M
- Current ratio
- 2.12
The business funds itself from operations.
- Operating cash flow
- $804.5M
- Free cash flow
- $550.2M
- FCF margin
- 17.1%
Not funding itself by issuing shares.
- Shares outstanding
- 76.5M
- Share growth (1y)
- -1.3%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
WMS Income Statement
| Fiscal Period | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 | Mar 31, 2025 |
| Revenue | 1.00 B | 676.76 M | 693.35 M | 850.38 M | 829.88 M | 615.76 M |
| Revenue Growth (YoY) | 20.63 % | 9.91 % | 0.41 % | 8.66 % | 1.78 % | -5.82 % |
| Cost of Revenue | 593.07 M | 457.77 M | 447.70 M | 510.25 M | 499.44 M | 389.51 M |
| Gross Profit | 408.05 M | 218.99 M | 245.65 M | 340.13 M | 330.44 M | 226.25 M |
| SG&A Expense | 130.82 M | 89.82 M | 227.97 M | 0.00 | 103.96 M | 92.53 M |
| R&D Expense | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 153.50 M | 89.82 M | 108.74 M | 116.84 M | 124.69 M | 109.27 M |
| Operating Income | 254.55 M | 129.16 M | 136.91 M | 223.29 M | 205.75 M | 116.98 M |
| Pretax Income | 228.96 M | 40.59 M | 124.59 M | 208.90 M | 190.76 M | 99.95 M |
| Tax Provision | 52.39 M | 5.36 M | 30.56 M | 52.40 M | 46.67 M | 23.17 M |
| Net Income | 168.52 M | 32.90 M | 93.63 M | 156.02 M | 143.92 M | 77.16 M |
| EPS (Basic) | 2.20 | 0.42 | 1.20 | 2.01 | 1.85 | 0.99 |
| EPS (Diluted) | 2.19 | 0.42 | 1.19 | 1.99 | 1.84 | 0.99 |
| Shares Outstanding | 76.53 M | 77.82 M | 77.74 M | 77.75 M | 77.54 M | 77.55 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.