
Advanced Drainage Systems, Inc.
NYSE•WMS
CEO: Mr. Donald Scott Barbour
Sector: Industrials
Industry: Construction
Listing Date: 2014-07-25
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in North America and internationally. The company operates through Pipe, International, Infiltrator, and Allied Products & Other segments. It offers single, double, and triple wall corrugated polypropylene and polyethylene pipes; plastic leachfield chambers and systems; EZflow synthetic aggregate bundles; wastewater purification through mechanical aeration wastewater for residential and commercial systems; septic tanks and accessories; combined treatment and dispersal systems, including advanced enviro-septic and advanced treatment leachfield systems; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. The company also purchases and distributes construction fabrics and other geosynthetic products for soil stabilization, reinforcement, filtration, separation, erosion control, and sub-surface drainage, as well as drainage grates and other products. In addition, it provides PVC hubs, rubber sleeves, and stainless-steel bands. The company offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of distribution centers. Advanced Drainage Systems, Inc. incorporated in 1966 and is headquartered in Hilliard, Ohio.
Contact Information
Market Cap
$11.22B
P/E (TTM)
24.5
31.9
Dividend Yield
0.5%
52W High
$153.25
52W Low
$93.92
52W Range
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024
Financial Dashboard
Q2 2026 Data
Revenue
$850.38M+8.66%
4-Quarter Trend
EPS
$2.01+19.64%
4-Quarter Trend
FCF
$176.45M+56.93%
4-Quarter Trend
2026 Q2 Earnings Highlights
Key Highlights
Quarterly Sales Growth Strong Net sales grew 8.7% to $850.4M for the quarter, driven by acquisitions and construction market growth.
Net Income Rises Sharply Net income increased 19.3% to $156.5M, resulting in diluted EPS of $1.99, up 19.2%.
Gross Profit Margin Expansion Gross profit increased 15.7% to $340.1M, driven by volume, favorable pricing, and mix improvements.
Strong Liquidity Position Cash and restricted cash reached $818.9M by period end; leverage ratio stands at 0.7x.
Risk Factors
Raw Material Price Volatility Fluctuations in resin and raw material prices, plus new tariff policies, could negatively impact future margins.
Construction Market Cyclicality Operating results face risks from cyclicality and seasonality in residential and non-residential construction markets.
Acquisition Integration Uncertainty Risks exist regarding successful integration and realization of anticipated benefits from the pending NDS acquisition.
SG&A Expense Increase SG&A rose to 14.0% of sales, up from 12.0%, due to Orenco operating costs and NDS transaction expenses.
Outlook
NDS Acquisition Closing Soon Definitive agreement signed to acquire NDS for approximately $1.0B, expected to close in Q1 2026.
FY2026 Capital Expenditure Plan Anticipated capital expenditures for fiscal 2026 are projected between $200M and $225M, funded by operations.
Segment Realignment Completed Product realignment occurred in Q1 2026, moving certain products to Infiltrator segment; prior periods recast.
Debt Refinancing Intent Confirmed Company intends to refinance the $409.8M Term Loan maturing in September 2026 using available credit capacity.
Peer Comparison
Revenue (TTM)
$12.01B
$10.80B
CNM$7.74B
Gross Margin (Latest Quarter)
PAC82.6%
69.2%
AYI48.9%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| HII | $12.32B | 21.7 | 11.8% | 23.8% |
| MLI | $11.87B | 15.6 | 26.2% | 0.8% |
| ERJ | $11.84B | 30.6 | 11.8% | 19.3% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
+7.2%
Steady Growth
4Q Net Income CAGR
+24.3%
Profitability Improved
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Reports
All Years
Form 10-Q - Q2 2026
Period End: Sep 30, 2025|Filed: Nov 6, 2025|Revenue: $850.38M+8.7%|EPS: $2.01+19.6%BeatForm 10-Q - Q1 2026
Period End: Jun 30, 2025|Filed: Aug 7, 2025|Revenue: $690.54M-15.3%|EPS: $1.05-49.6%MissForm 10-K - FY 2025
Period End: Mar 31, 2025|Filed: May 15, 2025|Revenue: $2.90B+1.0%|EPS: $5.81-10.9%BeatForm 10-Q - Q3 2025
Period End: Dec 31, 2024|Filed: Feb 6, 2025|Revenue: $690.54M+4.3%|EPS: $1.05-22.8%MissForm 10-Q - Q2 2025
Period End: Sep 30, 2024|Filed: Nov 8, 2024|Revenue: $782.61M+0.3%|EPS: $1.68-2.9%MissForm 10-Q - Q1 2025
Period End: Jun 30, 2024|Filed: Aug 8, 2024|Revenue: $815.34M+4.8%|EPS: $2.08-5.5%MeetForm 10-K - FY 2024
Period End: Mar 31, 2024|Filed: May 16, 2024|Revenue: $2.87B-6.4%|EPS: $6.52+5.8%BeatForm 10-Q - Q3 2024
Period End: Dec 31, 2023|Filed: Feb 8, 2024|Revenue: $662.37M+1.1%|EPS: $1.36+36.0%Beat