Advanced Drainage Systems Inc

NYSE:WMSIndustrialsNASDAQ:NQUSMGSTOXX:EDD24BP

——At close · Market cap — · Next earnings Thu 5 Nov

WMS · Income statement · TradingHolo

USD billions	FY2021	FY2022	FY2023	FY2024	FY2025	FY2026	TTM	YoY
Revenue	2.0	2.8	3.1	2.9	2.9	3.1	3.2	+5.6%
Cost of revenue	1.3	2.0	2.0	1.7	1.8	1.9	2.1	+7.2%
Gross profit	0.7	0.8	1.1	1.1	1.1	1.1	1.2	+12.4%
Research & development	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Selling, general & administrative	0.3	0.3	0.3	0.4	0.4	0.5	—	—
Selling & marketing	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Operating expenses	0.3	0.4	0.4	0.4	0.4	0.4	—	—
Operating income	0.3	0.4	0.7	0.7	0.7	0.7	0.7	−2.7%
Interest expense	0.0	0.0	0.1	0.1	0.1	0.1	0.1	+4.3%
Interest income	0.0	0.0	0.0	0.0	0.0	0.0	—	—
Other income / expense	(0.0)	(0.0)	(0.1)	(0.1)	(0.1)	(0.1)	—	—
Pre-tax income	0.3	0.4	0.7	0.7	0.6	0.6	0.6	+6.1%
Income tax	0.1	0.1	0.2	0.2	0.1	0.1	0.1	+5.2%
Net income	0.2	0.3	0.5	0.5	0.5	0.4	0.5	+6.4%
Discontinued operations	0.0	0.0	0.0	0.0	0.0	(0.0)	—	—
Other net income adjustments	0.0	0.0	0.0	0.0	0.0	0.0	—	—
EPS, basic (per share)	2.64	3.22	6.16	6.52	5.81	5.48	5.83	+6.4%
EPS, diluted (per share)	2.59	3.15	6.08	6.45	5.76	5.44	5.79	+6.4%
EBITDA	0.5	0.6	0.9	0.9	0.9	0.9	0.9	+2.7%
Depreciation & amortization	0.1	0.1	0.1	0.2	0.2	0.2	0.2	+6.7%
Weighted average shares (shares)	70,155,000	71,276,000	82,315,000	78,252,000	77,549,000	77,818,000	—	—
Weighted average diluted shares (shares)	71,566,000	72,911,000	83,336,000	79,017,000	78,188,000	78,482,000	—	—
Gross margin	34.8%	28.9%	36.4%	39.9%	37.7%	36.3%	38.6%	+2.3 pts
Operating margin	17.4%	14.9%	23.4%	25.5%	22.6%	22.5%	20.7%	−1.8 pts
Net margin	11.3%	9.8%	16.5%	17.7%	15.5%	14.0%	14.1%	+0.1 pts

USD billionsUpdated Thu 6 Aug ·

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Amounts are shown in the stated units; per-share amounts and shares are unscaled. Negative amounts are in brackets.

TTM ends 2026-06-30 and uses four consecutive reported quarters.