WMSNYSEPlastics Foam ProductsFiscal year ends March 31
ADVANCED DRAINAGE SYSTEMS, INC.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 6, 2026
$127.78−0.42 (-0.33%)
Close on Oct 19, 2026
- Market cap
- $9.84B
- P/E (TTM)
- 22.1
- Dividend yield
- 0.56%
Margins
Share of revenue, fiscal years 2012 to 2026
Gross margin
38.3%+3.5 pts over 5 years
Operating margin
20.3%+2.9 pts over 5 years
Net margin
14.0%+2.7 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.0% | -0.2% | +9.0% | +9.0% | |
| Gross profit | +6.7% | +1.4% | +11.1% | +15.1% | |
| Operating income | -5.8% | -4.9% | +12.4% | +20.7% | |
| Net income | -5.3% | -5.6% | +13.7% | +32.8% | |
| EPS, diluted | -5.6% | -3.6% | +16.0% | +30.2% | |
| Free cash flow | +54.5% | +1.7% | +8.8% | +20.2% | |
| Dividend per share | +12.5% | +14.5% | +14.9% | +13.7% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2017 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | 30.2% | 33.3% | 25.2% | |
| Return on assets | 6.0% | 9.4% | 10.4% | |
| Current ratio | 1.72 | 2.33 | 2.42 | |
| Debt to equity | 1.57 | 0.96 | 0.87 | |
| Net debt to EBITDA | 2.30× | 1.21× | 1.66× | |
| Inventory turnover | 3.9× | 4.4× | 3.7× | |
| Capex to revenue | 3.7% | 4.0% | 8.2% | |
| Diluted shares | 56M | 72M | 78M |
Where the cash went
Fiscal 2022 to 2026, five years combined
Advanced Drainage Systems generated $3.10B from operations and spent $2.43B on capital expenditure, dividends and share buybacks. 40% of that went back into the business.
Generated
$3.10B
Used
$2.43B
Capital expenditure$962.52M40%Dividends$226.49M9%Share buybacks$1.24B51%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.0%
×Asset turnover0.74×
×Equity multiplier2.42×
=Return on equity, FY202625.2%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | 14.0% | 0.74× | 2.42× | 25.2% |
| FY2025 | 15.5% | 0.83× | 2.60× | 33.6% |
| FY2024 | 17.7% | 0.93× | 3.12× | 51.6% |
| FY2023 | 16.5% | 1.11× | 3.23× | 59.1% |
| FY2022 | 9.8% | 1.09× | 2.96× | 31.7% |
| FY2021 | 11.3% | 0.83× | 3.56× | 33.3% |
| FY2020 | -11.5% | 0.98× | 3.75× | -42.5% |
| FY2019 | 5.6% | 1.33× | 3.01× | 22.5% |
| FY2018 | 4.7% | 1.27× | 3.94× | 23.4% |
| FY2017 | 4.9% | 1.21× | 5.08× | 30.2% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
4of 9 tests passed in fiscal 2026. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$426.47M
- Cash generatingOperating cash flow above zero$819.05M
- Return on assets improvedROA up on the prior year13.8% → 11.6%
- Earnings backed by cashOperating cash flow above net income$819.05M vs $426.47M
- Less leverageLong-term debt to assets fell33.9% → 35.6%
- Better liquidityCurrent ratio rose3.33 → 2.42
- No dilutionShare count did not rise78M → 78M
- Gross margin improvedGross margin up on the prior year37.68% → 38.27%
- More efficientAsset turnover rose0.89 → 0.83