The financials
Advanced Drainage Systems, Inc. by the numbers
Advanced Drainage Systems, Inc. (WMS) reported revenue of $1.00B in Q1 2027 (quarter ended June 30, 2026), up 21% from the same quarter a year earlier. That came with a gross margin of 41% and net income of $169M (17% of revenue). For the full year FY2026, revenue was $3.05B (+5.0% year on year) and net income $426M. Its largest segment in 2026-Q2 was Stormwater at $458M, 69% of the disclosed total, just ahead of Wastewater at 31%.
| Income statement | Q1 2027 | Q1 2026 | Change |
|---|---|---|---|
| Revenue | $1.00B | $830M | +21% |
| Gross profit | $408M | $330M | +23% |
| Operating income | $255M | $206M | +24% |
| Net income | $169M | $144M | +17% |
| Diluted EPS | $2.19 | $1.84 | +19% |
| Operating | Revenue | Share |
|---|---|---|
| Stormwater | $458M | 69% |
| Wastewater | $209M | 31% |
Business Segments
Revenue split by operating segment, from SEC XBRL filings.
Latest period: Q2 2026Total $667.0M (-63%)
Stormwater grew +7.9% year on yearWastewater +7.2% year on year
Segment Latestyear on year
- Stormwater$458.1M$458.1Myear on year +7.9%+7.9%
- Wastewater$208.9M$208.9Myear on year +7.2%+7.2%
- Allied Products And Other Business--year on year --
- Infiltrator Water Technologies--year on year --
- International--year on year --
- Pipe--year on year --
- Reportable Segment Aggregation Before Other Operating--year on year --
- Reportable--year on year --
Building Products & Equipment
Ranks #5 of 18 by Smart Score