Stocks Consumer discretionary WMS
NYSE · Consumer discretionaryAdvanced Drainage Systems, Inc. (WMS)
Advanced Drainage Systems, Inc. brought in $3.3B of revenue over the twelve months to September 30, 2026, up 9.2% from a year earlier. Net income was $405.5M, a net margin of 12.4%. Operating cash flow minus capital spending left $569.3M of free cash flow in fiscal 2026. At September 30, 2026 it held $153.2M in cash against $1.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 5, 2026.
Key facts about Advanced Drainage Systems, Inc.
- Net worth
- Advanced Drainage Systems, Inc. has a market value (market cap) of $9.9B at the latest share price, and shareholders' equity of $1.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2026 revenue was $3.1B (+5.0% year on year), with net income of $426.5M. Over the 12 months to September 30, 2026: revenue $3.3B, net income $405.5M.
- Cash flow
- In fiscal 2026 operations brought in $819.1M of cash; after $249.8M of capital spending, free cash flow was $569.3M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 5, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Advanced Drainage Systems, Inc.'s next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Advanced Drainage Systems, Inc. declared dividends of $0.72 per share in fiscal 2026, a yield of 0.55% at the current price.
What Advanced Drainage Systems, Inc. does
Advanced Drainage Systems, Inc. is registered with the SEC under industry code SIC 3086 (Plastics Foam Products). Its shares trade on NYSE under the ticker WMS.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2026 | $3.1B | $426.5M | $5.44 | $569.3M |
| 2025 | $2.9B | $450.2M | $5.76 | $368.5M |
| 2024 | $2.9B | $509.9M | $6.45 | $534.1M |
| 2023 | $3.1B | $507.1M | $6.08 | $540.9M |
| 2022 | $2.8B | $271.3M | $3.15 | $125.8M |
| 2021 | $2B | $224.2M | $2.59 | $373.5M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where WMS ranks in Consumer discretionary
Dividends
Advanced Drainage Systems, Inc. declared $0.72 per share in fiscal 2026. At the current price that is a yield of 0.55%. It paid out $56.1M in cash dividends, 13% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2026 | $0.72 | $56.1M | 13% |
| 2025 | $0.64 | $49.7M | 11% |
| 2024 | $0.56 | $44M | 9% |
| 2023 | $0.48 | $39.6M | 8% |
| 2022 | $0.44 | $37M | 14% |
| 2021 | $0.36 | $30.7M | 14% |
Latest SEC filings
What Advanced Drainage Systems, Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 5, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 4.6% to $889.4M versus the same quarter last year; diluted EPS $1.46 versus $1.99.
- November 5, 2026
- October 5, 2026Material agreement8-KAdvanced Drainage Systems agreed to acquire stormwater solutions provider StormTrap for approximately $530 million.
- September 16, 2026
- August 6, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 21% to $1B versus the same quarter last year; diluted EPS $2.19 versus $1.84.
- August 6, 2026
- July 16, 2026
- June 18, 2026
- June 3, 2026
- June 3, 2026Additional proxy material DEFA14A
What is WMS worth? A DCF from its reported cash flow
Insider trades
What the people running Advanced Drainage Systems, Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider bought or sold shares on the open market in the last 90 days. The 4 reported changes were pay in shares, option exercises, shares withheld for tax or gifts.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| September 1, 2026 | Eversole Robert MDirector | Gave as a gift | 2,386 | - |
| September 1, 2026 | Eversole Robert MDirector | Gave as a giftindirect | 2,386 | - |
| September 1, 2026 | Coyle Patrick M. JrSee Remarks | Shares withheld for tax | 26 | $3.4K |
| August 20, 2026 | Barbour D. ScottSee Remarks, Director | Gave as a giftindirect | 2,000 | - |
| July 16, 2026 | Fischer Alexander RDirector | Received as pay | 1,110 | - |
| July 16, 2026 | Eversole Robert MDirector | Received as pay | 2,253 | - |
| July 16, 2026 | Perez De La Mesa Manuel JDirector | Received as pay | 1,782 | - |
| July 16, 2026 | Chaibi AnesaDirector | Received as pay | 1,110 | - |
Who owns WMS
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Advanced Drainage Systems Inc. Employee Stock Ownership Plan Trust13G, passive | 6% | February 13, 2026 |
| Vanguard Capital Management13G, passive | 5.1% | April 29, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 551 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| BlackRock, Inc. | 7,469,940 | +47,211 |
| Vanguard Portfolio Management LLC | 3,705,538 | +89,851 |
| Vanguard Capital Management LLC | 3,397,037 | -26,666 |
| State Street Corp | 2,693,665 | +204,134 |
| First Trust Advisors LP | 2,660,753 | +616,696 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2,346,623 | -103,500 |
| Impax Asset Management Group plc | 1,845,942 | -81,568 |
| Baillie Gifford & Co | 1,835,297 | -212,052 |
| American Century Companies Inc | 1,634,302 | -23,451 |
| Morgan Stanley | 1,393,836 | +60,496 |
| Geode Capital Management, LLC | 1,367,443 | +22,648 |
| Amundi | 1,354,610 | +65,938 |
| Norges Bank | 1,303,735 | new |
| Dimensional Fund Advisors LP | 1,277,818 | +86,040 |
| Pictet Asset Management Holding SA | 1,127,974 | -1,076,827 |
| Kayne Anderson Rudnick Investment Management LLC | 1,035,255 | -71,168 |
| Wellington Management Group Llp | 840,488 | -222,743 |
| Qube Research & Technologies Ltd | 839,820 | +293,414 |
| Invesco Ltd. | 835,672 | -146,856 |
| Impactive Capital LP | 782,790 | -73,702 |
Insiders
17 insiders reported holding 551,087 shares in total, about $72.2M at the last price.
| Holder | Shares |
|---|---|
| Barbour D. ScottSee Remarks, Director | 128,92051,652 held indirectly |
| Cottrill Scott AEVP, CFO AND SECRETARY | 110,511 |
| Talley Kevin CEVP and CAO | 63,453 |
| Eversole Robert MDirector | 53,71551,462 held indirectly |
| Fratto Tanya DDirector | 30,552 |
| Perez De La Mesa Manuel JDirector | 25,070 |
| King Brian W.Executive Vice President | 21,686 |
| Waun Thomas J. Sr.EVP, International | 18,387797 held indirectly |
| Fischer Alexander RDirector | 17,564 |
| Seetharam AnilDirector | 16,240 |
Questions about WMS
What does Advanced Drainage Systems, Inc. do?
Advanced Drainage Systems, Inc. is a company in the Consumer discretionary sector, listed on NYSE as WMS. Its shares trade on NYSE under the ticker WMS.
What is Advanced Drainage Systems, Inc.'s net worth?
Advanced Drainage Systems, Inc. has a market value (market cap) of $9.9B at the latest share price, and shareholders' equity of $1.8B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Advanced Drainage Systems, Inc. profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $405.5M on revenue of $3.3B, a net margin of 12.4%.
How much revenue does Advanced Drainage Systems, Inc. make?
Over the twelve months to September 30, 2026 Advanced Drainage Systems, Inc. reported revenue of $3.3B. That is 9.2% more than a year earlier.
When did Advanced Drainage Systems, Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 5, 2026. It covers the period to September 30, 2026.
When is Advanced Drainage Systems, Inc.'s next earnings report?
Advanced Drainage Systems, Inc.'s next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Advanced Drainage Systems, Inc. pay a dividend?
Yes. Advanced Drainage Systems, Inc. declared dividends of $0.72 per share in fiscal 2026, a yield of 0.55% at the current price.
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Where the numbers come from
Financial figures are the values Advanced Drainage Systems, Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.