Advanced Drainage Systems, Inc.
Rank #270Capital ReturnWMS · NYSE · Industrials
Advanced Drainage Systems, Inc. (WMS) — Rank #270 by gross profitability (GP/assets 0.26) · ROE 23.8% · Piotroski F-Score 4 / 9.
As-of 2026-09-15 · CIK 0001604028 · all metrics point-in-time as of the filing date.
About
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally.
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The company operates through Stormwater and Wastewater segments. The company 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; septic tanks and accessories; combined treatment and dispersal systems, including AeroFin, advanced enviro-septic, enviro-septic, and advanced treatment leachfield; and allied products, including storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water quality filters and separators. It 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, the company provides PVC hubs, rubber sleeves, and stainless-steel bands; and channel drains, catch basins, grates, access boxes, and accessories engineered to capture, convey, and disperse stormwater. It offers its products for non-residential, residential, agriculture, and infrastructure applications through a network of distribution centers. Advanced Drainage Systems, Inc.
was incorporated in 1966 and is headquartered in Hilliard, Ohio.
- Industry
- Building Products & Equipment
- Sector
- Industrials
- State
- DE
- Filer Category
- Large accelerated filer
- Fiscal Year End
- March 31
- Website
- adspipe.com
Financials
Each fiscal year is read as-of that year’s own 10-K filing, so nothing restated after the fact leaks backwards. Line items this filer never tagged are omitted. Hover or tap a badge for the diagnostic behind it.
| Fiscal year end | 2026-03-31filed 2026-05-21 | 2025-03-31filed 2025-05-15 | 2024-03-31filed 2024-05-16 | 2023-03-31filed 2023-05-18 |
|---|---|---|---|---|
| Assets | ||||
| Cash & equivalents | 223.0 | 463.3 | 490.2 | 217.1 |
| Accounts receivable | 390.5 | 333.2 | 323.6 | 306.9 |
| Inventory | 543.4 | 488.3 | 464.2 | 464.0 |
| Total current assets | 1,230.8 | 1,324.8 | 1,300.0 | 1,017.5 |
| Property, plant & equipment, net | — | — | — | — |
| Goodwill | 1,042.7 | 720.2 | 617.2 | 620.2 |
| Intangible assets (excl. goodwill) | 848.5 | 448.1 | 352.7 | 407.6 |
| Total assets | 4,505.6 | 3,690.4 | 3,268.9 | 2,901.1 |
| Liabilities | ||||
| Accounts payable | 237.7 | 218.0 | 254.4 | 210.1 |
| Deferred revenue | 4.1 | 4.0 | 3.9 | 2.7 |
| Total current liabilities | 509.5 | 398.4 | 439.6 | 378.8 |
| Total debt | 1,611.8 | 1,261.5 | 1,271.4 | 1,284.1 |
| Total liabilities | 2,549.7 | 2,054.6 | 1,988.2 | 1,906.3 |
| Equity | ||||
| Retained earnings | 1,862.9 | 1,492.6 | 1,092.2 | 626.2 |
| Total shareholders' equity | 1,882.3 | 1,543.1 | 1,172.1 | 841.6 |
Figures are as originally filed with the SEC (point-in-time), not restated, so they can differ slightly from sites that show later-restated numbers. Why point-in-time?