Advanced Drainage Systems revenue and financials

WMS · NYSE · USD

$125.77−3.31%−$4.30

Close · October 7, 2026

In the fiscal year ended March 2026, Advanced Drainage Systems reported revenue of $3.05B (+5.03% year over year). Net income was $426.47M, a net margin of 14.0%.

Annual revenue · 2026: $3.05B

$2.77B2022
$3.07B2023
$2.87B2024
$2.9B2025
$3.05B2026

Fiscal year ending in March. Sources and method on the page Methodology and sources.

At a glance

Revenue growth: +5.03%; FY to Mar 2026 vs FY to Mar 2025
Net income growth: −5.27%; FY to Mar 2026 vs FY to Mar 2025
Net margin: 14.0%; FY to Mar 2025: 15.5%

Financial data

Amounts in millions of USD; per-share values in USD; shares in millions.

Income statement · Annual
Item	FY to Mar 2026	FY to Mar 2025	FY to Mar 2024	FY to Mar 2023	FY to Mar 2022
Total revenue	3,050	2,904	2,874	3,071	2,769
Cost of revenue	1,883	1,810	1,729	1,953	1,950
Gross profit	1,167	1,094	1,146	1,118	820
Selling, general and administrative	417	371	371	338	310
Operating income	691	671	724	725	446
EBIT	691	671	724	725	446
EBITDA	888	836	862	854	571
Interest expense	93.9	91.8	88.9	70.2	33.6
Pre-tax income	565	594	672	662	385
Income tax	135	141	159	151	110
Net income	426	450	510	507	271
Net income to common shareholders	426	450	510	507	230
Basic EPS	5.48	5.81	6.52	6.16	3.22
Diluted EPS	5.44	5.76	6.45	6.08	3.15
Average shares (basic)	77.8	77.5	78.3	82.3	71.3
Average shares (diluted)	78.4	78.2	79.0	83.3	72.9
Dividend per share	0.72	0.64	0.56	0.48	0.44