WMS
Advanced Drainage Systems Inc
NYSE: WMS · INDUSTRIALS · BUILDING PRODUCTS & EQUIPMENT
$146.41
-2.00% today
Updated 2026-04-29
Market cap
$11.40B
P/E ratio
24.36
P/S ratio
3.82x
EPS (TTM)
$6.01
Dividend yield
0.47%
52W range
$104 – $179
Volume
0.9M
Advanced Drainage Systems Inc (WMS) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $863.14M | $1.01B | $1.02B | $1.07B | $1.18B | $1.18B | $1.26B | $1.33B | $1.38B | $1.67B | $1.98B | $2.77B | $3.07B | $2.87B | $2.90B |
| Revenue growth (YoY) | — | +17.5% | +0.3% | +5.1% | +10.4% | -0.2% | +6.7% | +5.8% | +4.1% | +20.9% | +18.5% | +39.7% | +10.9% | -6.4% | +1.0% |
| Cost of revenue | $699.46M | $818.40M | $829.14M | $856.12M | $973.96M | $935.48M | $961.45M | $1.03B | $1.06B | $1.18B | $1.29B | $1.97B | $1.95B | $1.73B | $1.81B |
| Gross profit | $163.68M | $195.36M | $187.96M | $212.89M | $206.11M | $242.34M | $295.81M | $302.48M | $326.97M | $497.54M | $690.08M | $800.38M | $1.12B | $1.15B | $1.09B |
| Gross margin | 19.0% | 19.3% | 18.5% | 19.9% | 17.5% | 20.6% | 23.5% | 22.7% | 23.6% | 29.7% | 34.8% | 28.9% | 36.4% | 39.9% | 37.7% |
| R&D | — | — | $3.54M | $3.27M | $0.00 | $3.55M | $3.37M | $2.16M | $2.66M | — | — | — | — | — | — |
| SG&A | — | $65.93M | $49.60M | $78.48M | $58.75M | $79.93M | $110.95M | $98.39M | $89.69M | $266.24M | $267.57M | $321.09M | $339.50M | $370.71M | $380.38M |
| Operating income | $39.57M | $95.05M | $57.48M | $53.31M | $58.63M | $75.89M | $76.33M | $88.25M | $129.41M | $-95.35M | $344.52M | $411.92M | $719.31M | $732.13M | $657.44M |
| Operating margin | 4.6% | 9.4% | 5.7% | 5.0% | 5.0% | 6.4% | 6.1% | 6.6% | 9.3% | -5.7% | 17.4% | 14.9% | 23.4% | 25.5% | 22.6% |
| EBITDA | $95.55M | $147.80M | $120.48M | $113.18M | $68.38M | $89.76M | $154.65M | $167.21M | $202.13M | $281.82M | $493.51M | $558.87M | $872.43M | $910.52M | $864.55M |
| EBITDA margin | 11.1% | 14.6% | 11.8% | 10.6% | 5.8% | 7.6% | 12.3% | 12.6% | 14.6% | 16.8% | 24.9% | 20.2% | 28.4% | 31.7% | 29.8% |
| EBIT | $39.78M | $92.63M | $57.38M | $57.28M | $58.63M | $33.90M | $82.30M | $92.20M | $130.23M | $169.39M | $347.93M | $417.06M | $727.28M | $755.62M | $681.27M |
| Interest expense | $27.12M | $21.84M | $18.53M | $18.81M | $0.00 | $19.37M | $17.47M | $15.26M | $18.62M | $82.71M | $35.66M | $33.55M | $70.18M | $88.86M | $91.80M |
| Income tax | $4.05M | $27.06M | $15.94M | $22.57M | $9.44M | $16.28M | $24.61M | $11.41M | $30.05M | $14.09M | $86.38M | $110.07M | $150.59M | $159.00M | $141.06M |
| Effective tax rate | 63.3% | 38.5% | 43.5% | 67.0% | 52.3% | 38.2% | 42.8% | 15.5% | 27.9% | -7.9% | 27.8% | 28.9% | 22.9% | 23.8% | 23.9% |
| Net income | $2.35M | $43.26M | $20.66M | $11.12M | $8.62M | $26.30M | $32.95M | $62.01M | $77.77M | $-193.17M | $224.23M | $271.33M | $507.09M | $509.92M | $450.17M |
| Net income growth (YoY) | — | +1740.1% | -52.2% | -46.2% | -22.5% | +205.1% | +25.3% | +88.2% | +25.4% | -348.4% | +216.1% | +21.0% | +86.9% | +0.6% | -11.7% |
| Profit margin | 0.3% | 4.3% | 2.0% | 1.0% | 0.7% | 2.2% | 2.6% | 4.7% | 5.6% | -11.5% | 11.3% | 9.8% | 16.5% | 17.7% | 15.5% |