Latest revenue
$693.4M
as of 2025-12-31
Latest net income
$93.6M
as of 2025-12-31
Net margin
13.5%
as of 2025-12-31
Price · 5Y
Live market
delayed ≤15 min- Market cap
- $10.19B
- Enterprise value
- $10.19B
- P/E (trailing)
- 22.6×
- Forward P/E
- —
- P/B
- —
- Dividend yield
- 0.5%
- 52-wk high
- $179.31
- 52-wk low
- $105.14
- Beta
- —
- Shares out
- 76.6M
5-year trend
dashed bar = fiscal Q4 derived from 10-K annual − Q1 − Q2 − Q3 (SEC requires only three 10-Qs per year).
What this company does
Item 1. Business COMPANY OVERVIEW Unless the context otherwise indicates or requires, as used in this Annual Report on Form 10-K, the terms “we,” “our,” “us,” “ADS” and the “Company” refer to Advanced Drainage Systems, Inc. and its directly- and indirectly-owned subsidiaries as a combined entity, except where it is clear that the terms mean only Advanced Drainage Systems, Inc. exclusive of its subsidiaries. The term “Infiltrator” refers to Infiltrator Water Technologies, LLC, our wholly-owned subsidiary. ADS is the leading manufacturer of innovative water management solutions in the stormwater and onsite septic wastewater industries, providing superior drainage solutions for use in the…
AI summary unavailable — showing raw filing excerpt
Generated from WMS's filing dated 2025-05-15
Key risks
Item 1A. Risk Factors Please carefully consider the risks described below, together with all other information included or incorporated by reference in this Annual Report on Form 10-K. If any of the following risks actually occur, our business, financial condition, results of operations and cash flows could be materially adversely affected. In these circumstances, the market price of our common stock could decline significantly. Risks Relating to Our Business Fluctuations in the price and availability of resins, our principal raw materials, new tariff policies and our inability to obtain adequate supplies of resins from suppliers and pass on resin price increases to customers could…
AI summary unavailable — showing raw filing excerpt
Generated from WMS's filing dated 2025-05-15
Profitability
Gross margin
37.7%
5.5%Operating margin
22.6%
11.1%Net margin
15.5%
12.6%Return on equity
29.5%
33.3%Return on assets
12.2%
21.8%Leverage
Debt / equity
1.42×
22.6%Long-term debt / equity
0.82×
24.9%Debt / assets
58.7%
9.4%Earnings tracker
| Quarter | Revenue | YoY | Net income | YoY | Net margin |
|---|---|---|---|---|---|
Q4 2025 2025-12-31 | $693.4M | +0.4% | $93.6M | +15.3% | 13.5% |
Q3 2025 2025-09-30 | $850.4M | +8.7% | $156.0M | +19.7% | 18.3% |
Q2 2025 2025-06-30 | $829.9M | +1.8% | $143.9M | -10.8% | 17.3% |
Q1 2025 2025-03-31 | $615.8M | -5.8% | $77.2M | -18.6% | 12.5% |
Q4 2024 2024-12-31 | $690.5M | +4.3% | $81.2M | -23.1% | 11.8% |
Q3 2024 2024-09-30 | $782.6M | +0.3% | $130.4M | -4.0% | 16.7% |
Q2 2024 2024-06-30 | $815.3M | +4.8% | $161.4M | -7.1% | 19.8% |
Q1 2024 2024-03-31 | $653.8M | — | $94.8M | — | 14.5% |
Year-over-year change vs the same fiscal quarter one year prior. Revenue + net income sourced from SEC 10-Q / 10-K filings — no analyst-consensus dependency.
Industry trend
Plastics Foam Products · SIC 3086
Your notes
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Insider activity
Insider buying
$0
Insider selling
$15.4M
Net activity
−$15.4M
Distinct insiders
5
Open-market trades over the last 365 days.
Recent transactions
Source: SEC Form 4 filings. Officers, directors, and 10%+ owners must disclose share transactions within two business days. RSU grants and tax-withholding rows are excluded by default — compensation activity is not a trading signal.
Who owns WMS
Institutional value
$5.68B
Total shares held
43.0M
Distinct holders
379
As of
2026-03-31
Filers with $100M+ AUM disclose holdings 45 days after quarter end.
Top institutional holders
| # | Manager | Shares | Value | QoQ change | Action |
|---|---|---|---|---|---|
| 1 | BlackRock, Inc. | 7.4M | $1.02B | — | New |
| 2 | VANGUARD PORTFOLIO MANAGEMENT LLC | 3.6M | $495.8M | — | New |
| 3 | VANGUARD CAPITAL MANAGEMENT LLC | 3.4M | $469.5M | — | New |
| 4 | UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 2.5M | $336.0M | — | New |
| 5 | Pictet Asset Management Holding SA | 2.2M | $302.3M | — | New |
| 6 | BAILLIE GIFFORD & CO | 2.0M | $280.8M | — | New |
| 7 | FIRST TRUST ADVISORS LP | 2.0M | $280.3M | — | New |
| 8 | Impax Asset Management Group plc | 1.9M | $264.3M | — | New |
| 9 | DIMENSIONAL FUND ADVISORS LP | 1.2M | $163.4M | — | New |
| 10 | Invesco Ltd. | 982.5K | $134.7M | — | New |
| 11 | WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC | 655.7K | $89.9M | — | New |
| 12 | Capital International Investors | 639.0K | $87.6M | — | New |
| 13 | Mirova US LLC | 628.8K | $86.2M | — | New |
| 14 | Liontrust Investment Partners LLP | 573.6K | $83.1M | — | New |
| 15 | Triodos Investment Management BV | 536.7K | $73.6M | — | New |
| 16 | Bank of New York Mellon Corp | 519.2K | $71.2M | — | New |
| 17 | VANGUARD FIDUCIARY TRUST CO | 449.6K | $61.7M | — | New |
| 18 | Allianz Asset Management GmbH | 381.4K | $52.3M | — | New |
| 19 | STIFEL FINANCIAL CORP | 318.7K | $43.7M | — | New |
| 20 | Robeco Schweiz AG | 308.4K | $42.3M | — | New |
Source: SEC Form 13F-HR. Positions aggregated across sub-managers within each firm. Options (puts/calls) excluded — common stock only.
Top questions investors are asking
Coming once WMS's latest filing finishes processing.