Advanced Drainage Systems, Inc.: stock overview

WMSNYSEBasic materials · Plastics Foam Products

Price

$125.58

November 13, 2026Market cap $9.6B

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  • The full history: 14 fiscal years, from FY2013
  • The estimated fair value, with its range and its certainty
  • The full analysis, 18 a month
  • More questions to the chat on its filings
  • Excel with every year
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In short

Advanced Drainage Systems had revenue of $3.3B over the last 12 months and net income of $405M, a net margin of 12.4%. Revenue grew by 9.0% a year on average over the last 5 years. At $125.58 the shares trade at a P/E of 23.7, against a median of 25.2 over the last 5 fiscal years. It has net debt of $1.6B. It pays a dividend yielding 0.61%.

From its SEC filings (latest fiscal year to March 31, 2026) and the price of November 13, 2026.

Its SEC filings
Market cap
$9.6B
76.60M shares
P/E
23.7
Today23.7
Median25.2
Revenue, 12 months
$3.3B
+9.0% a year over 5 years
Net margin
12.4%
FY2025: 14.1%, above 72% of its industry

Worth knowing

What a holder would want to hear from the company's SEC filings of the last three years. Each with its filing, without comment.

3 fiscal years in figures

Each fiscal year's figures as the company filed them, and the share price at its end.

FY2024–FY2026 fiscal years

+3.0% a year over 2 years

  • FY2026Mar 31, 202610-K
    Revenue$3.1B
  • FY2025Mar 31, 202510-K
    Revenue$2.9B
  • FY2024Mar 31, 202410-K
    Revenue$2.9B

Fiscal years in figures

WMS's revenue, profit, cash flow and dividend with each year-end price, from FY2013 to FY2023, 11 more fiscal years

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Key figures

The company's current figures in five groups. Each term is explained behind its ⓘ.

Valuation

Market cap 3-year median: $10.5B
$9.6B
Enterprise value 
$11.2B
P/E 3-year median: 25.2
23.7
EV / EBIT 
17.6
EV / Revenue 
3.5
P/B 3-year median: 5.7
5.5
FCF yield 3-year median: 4.4%
5.5%
Earnings yield 3-year median: 4.0%
4.2%

Profitability

Gross margin 
38.4%
Operating margin 
19.6%
Net margin 3-year median: 15.5%
12.4%
ROIC 
14.8%
ROIC, 5-year average 
20.3%
ROE 
22.1%

Growth

Revenue, yearly change 
+5.0%
EPS, yearly change 
-5.6%
FCF, yearly change 
+54.5%
Revenue, average a year 
+9.0%
EPS, average a year 
+16.0%

The yearly change compares FY2026 with FY2025.

Balance sheet

Cash 
$153M
Total debt 
$1.8B
Net debt 
$1.6B
Net debt / EBITDA 
1.9x
Interest cover 
–
Current ratio 
2.13

Balance sheet of September 30, 2026.

Returns to shareholders

Dividend yield 3-year median: 0.5%
0.61%
Buybacks 
0.96%
Total returned 
1.57%
Shares, yearly change 
-1.3%
Valuation against its own pastEach fiscal year's P/E, P/FCF and P/B beside today's, and the DCF calculator for the company.Valuation

Against its industry

Where its margins and returns stood in fiscal 2025 among the SEC filers of its industry (SIC code 30).

Gross margin

38.3%

Above 53% of all companies (its industry has too few to compare).

Operating margin

20.3%

Above 83% of all companies (its industry has too few to compare).

Net margin

14.1%

Above 72% of the 16 companies in its industry, and 74% of all.

ROE

22.3%

Above 77% of the 15 companies in its industry, and 86% of all.

ROA

10.4%

Above 70% of the 15 companies in its industry, and 88% of all.

Revenue growth

5.0%

Above 59% of the 16 companies in its industry, and 46% of all.

From the yearly figures every company files with the SEC, for those with revenue of at least $25 million. The industry is the first two digits of the SIC code.

The company at the SEC

How it is registered and when its fiscal year ends.

Name at the SEC
ADVANCED DRAINAGE SYSTEMS, INC.
CIK
1604028
Exchange
NYSE
Industry (SIC)
3086 · Plastics Foam Products
Fiscal year ends
March 31
Latest annual report
March 31, 2026
Reporting currency
USD
Shares
76.60M

Other companies: Basic materials

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The full analysis

What do Advanced Drainage Systems's filings show?

These are Advanced Drainage Systems's figures. The full Ploutos AI analysis reads everything the company has filed and shows what stands behind it, with a source for every figure.

  • A fair value range built from the filings
  • Earnings quality, debt and red flags
  • Insider and institutional moves
  • The case for and the case against

Questions about WMS

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What is WMS's market cap?

Advanced Drainage Systems, Inc.'s market cap is $9.6B, at a price of $125.58 on November 13, 2026 and 76.60M shares.

What is WMS's P/E?

WMS's P/E is 23.7, on earnings per share of $5.26 over the last 12 months. The median over the last 5 fiscal years was 25.2.

How much revenue does WMS have?

Advanced Drainage Systems had revenue of $3.3B over the last 12 months. Over the last 5 years it changed by +9.0% a year on average.

Does WMS pay a dividend?

Yes. Advanced Drainage Systems paid $0.76 per share over the last 12 months, a yield of 0.61% at today's price. All the figures are in the Dividend section.

Where do the figures come from?

From Advanced Drainage Systems, Inc.'s SEC filings (10-K and 10-Q) and the share price. They hold no analyst estimates and no score, and they are not a recommendation.

Related pages

The other pages on US stocks, free to read. On the company pages, the last three fiscal years are open to everyone, five with a free account, and every year with Ploutos Investor.

US stocksThe market today, the sectors, the largest companies and the week's results.The market's sectorsThe 11 sectors side by side: returns, share of the market, median P/E and dividend.Compare stocksTwo companies side by side: price over up to ten years, with and without dividends, and every figure.US dividend stocksEach dividend's yield next to whether the company's cash covers it and whether it was ever cut.

The figures come from the company's SEC filings and the share price, and describe what it has reported. They are not a score or a fair value.