MARKETS / NYSE / WMS

NYSE · PLASTICS FOAM PRODUCTS · LARGE CAP

Advanced Drainage Systems, Inc. WMS

14 fiscal years on record · USD · FY2025 reported · SEC filings only

5 YEARS OF DIVIDEND GROWTH

Revenue

$3.1B

▲ 5.0% YoY

Net income

$426.5M

▼ 5.3% YoY

Free cash flow

$569.3M

▲ 54.5% YoY

In brief

What this company does

Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipe and related water management products for use in a wide range of end markets. Following its acquisition of NDS, the company realigned its reportable segments, which now consist of Stormwater and Wastewater, the latter formerly referred to as the Infiltrator segment. Stormwater products include corrugated polypropylene and polyethylene pipe, additional water management products such as storm retention and onsite wastewater chambers, polyvinyl chloride drainage structures, fittings, water quality filters and separators, and NDS channel drains, catch basins, and access boxes. Advanced Drainage Systems, Inc. was founded in 1966 and is a Delaware corporation.

Written from the business description in Advanced Drainage Systems, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 21 May 2026. Every sentence was checked against that document before publication.

Growth

USD 3.1B

Revenue, FY2025 · full 14-year series below

Revenue $B Net income $B

FY2025 · Revenue 3.1 · Net income 0.4

Compound annual growth

Revenue

−0.2%

+9.0%

Net income

−5.6%

+13.7%

+32.8%

EPS, diluted

−3.6%

+16.0%

+30.2%

Dividend / share

+14.5%

+14.9%

+13.7%

Returned to shareholders

−38.6%

+35.7%

+24.1%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +9.0% a year over five years — but profit grew faster: net income at +13.7%, earnings per share at +16.0%.

The share count rose from 0.07B to 0.07B over the period.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

14 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 20.3% · Net 14.1%

ROE

FY2025 · ROE 25.2%

Gross margin38.3%

Operating margin20.3%

Net margin14.1%

Return on assets10.5%

EBITDAUSD 773.6M

Each USD of equity produced 25 cents of profit this year.

Cash & shareholders

USD 141.2M

returned in FY2025 · dividends + net buybacks

Free cash flow $M

FY2025 · FCF 569.3

Net buybacks $M Dividends $M

FY2025 · Dividends 56.1 · Net buybacks 85.1

Dividends paidUSD 56.1M

Net buybacksUSD 85.1M

Share of profit33.1%

Consecutive raises5 years

USD 56.1M in dividends and USD 85.1M in buybacks — 33% of the year's profit went back to shareholders.

Total assetsUSD 4.5B

EquityUSD 1.9B

CashUSD 223.0M

Gross debtUSD 1.6B

Net debtUSD 1.4B

Current ratio2.42×

Net debt stands at 75% of equity.

The 14-year record

14 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012
Revenue $B	3.1	2.9	2.9	3.1	2.8	2.0	1.7	1.4	1.3	1.3	1.3	1.2	1.1	1.0
Operating income $B	0.6	0.7	0.7	0.7	0.4	0.3	−0.1	0.1	0.1	0.1	0.1	0.0	0.0	0.1
EBITDA $B	0.8	0.8	0.8	0.8	0.5	0.4	−0.0	0.2	0.2	0.1	0.1	0.1	0.1	0.1
Income tax $B	0.1	0.1	0.2	0.2	0.1	0.1	0.0	0.0	0.0	0.0	0.0	0.0	0.0	0.0
Net income $B	0.4	0.5	0.5	0.5	0.3	0.2	−0.2	0.1	0.1	0.1	0.0	−0.0	0.0	0.0
Free cash flow $B	0.6	0.4	0.5	0.5	0.1	0.4	0.2	0.1	0.1	0.1	0.1	0.0	0.0	0.0
EPS, diluted $	5.44	5.76	6.45	6.08	3.15	2.59	−3.21	1.22	0.99	0.99	0.39	−0.38	−0.21	0.27
Dividend / sh $	0.72	0.64	0.56	0.48	0.44	0.36	1.36	0.32	0.28	0.24	0.20	0.08	1.68	0.10
Payout %	13	11	9	8	14	14	−48	34	30	27	65	−101	2626	30
ROE %	25.2	33.6	51.6	59.1	31.7	33.3	−42.5	22.5	23.4	30.2	14.4	·	·	·
Shares out B	0.07	0.07	0.07	0.07	0.07	0.07	0.07	0.06	0.06	0.06	0.05	0.05	0.01	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Provenance

Company facts, as filed

How we verify · 0 failures · 1 divergences in 61 reconciliationsAUDITED

Reconciled in 13 of 19 fiscal years. 1 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 34 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures1 divergent

ActivityPlastics Foam Products

Listed onNYSE

Incorporated inDelaware

Fiscal year endsMarch 31

Data on record since2012