ADVANCED DRAINAGE SYSTEMS, INC.WMSEarnings & Financial Report
Advanced Drainage Systems, Inc. (ADS) is an American company that designs, manufactures and markets polypropylene and polyethylene pipes, plastic leach field chambers and systems, septic tanks and accessories, storm retention/detention and septic chambers, polyvinyl chloride drainage structures, fittings, and water filters and water separators. It is the largest maker of high-density polyethylene pipe in the United States. It is headquartered in Hilliard, Ohio. In 2020, 93% of the company's s...
Revenue
$690.5M
Gross Profit
$241.6M
Operating Profit
$126.9M
Net Profit
$81.2M
Gross Margin
35.0%
Operating Margin
18.4%
Net Margin
11.8%
YoY Growth
4.3%
EPS
$1.04
ADVANCED DRAINAGE SYSTEMS, INC. Q3 FY2025 Financial Summary
ADVANCED DRAINAGE SYSTEMS, INC. reported revenue of $690.5M (up 4.3% YoY) for Q3 FY2025, with a net profit of $81.2M (down 23.1% YoY) (11.8% margin). Cost of goods sold was $448.9M, operating expenses totaled $114.7M.
Key Financial Metrics
| Total Revenue | $690.5M |
|---|---|
| Net Profit | $81.2M |
| Gross Margin | 35.0% |
| Operating Margin | 18.4% |
| Report Period | Q3 FY2025 |
Revenue Breakdown
ADVANCED DRAINAGE SYSTEMS, INC. Q3 FY2025 revenue of $690.5M breaks down across 4 segments, led by Pipe Segment at $356.0M (51.6% of total).
| Segment | Revenue | % of Total |
|---|---|---|
| Pipe Segment | $356.0M | 51.6% |
| Allied Products And Other Business Segments | $165.2M | 23.9% |
| Infiltrator Water Technologies Segment | $152.4M | 22.1% |
| Allied Products And Other | $16.4M | 2.4% |
ADVANCED DRAINAGE SYSTEMS, INC. Revenue by Segment — Quarterly Trend
ADVANCED DRAINAGE SYSTEMS, INC. revenue by segment across the last 4 reported quarters, showing how each business line (such as Pipe Segment and Allied Products And Other Business Segments) has evolved quarter over quarter.
| Segment | Q3 FY2026 | Q2 FY2026 | Q1 FY2026 | Q4 FY2025 |
|---|---|---|---|---|
| Pipe Segment | — | $426.8M | $428.8M | $330.0M |
| Allied Products And Other Business Segments | — | $202.9M | $191.2M | $150.4M |
| Infiltrator Water Technologies Segment | — | $196.4M | $195.0M | $140.1M |
| Allied Products And Other | $15.0M | $18.3M | $15.1M | — |
ADVANCED DRAINAGE SYSTEMS, INC. Annual Revenue by Year
ADVANCED DRAINAGE SYSTEMS, INC. annual revenue history includes year-by-year totals (for example, 2025 revenue was $2.9B).
| Year | Annual Revenue |
|---|---|
| 2025 | $2.9B |
| 2024 | $2.9B |
| 2023 | $3.1B |
| 2022 | $2.8B |
ADVANCED DRAINAGE SYSTEMS, INC. Quarterly Revenue & Net Profit History
ADVANCED DRAINAGE SYSTEMS, INC. results over the last 8 reported quarters, including revenue, net profit and year-over-year growth.
| Quarter | Revenue | Revenue YoY | Net Profit | Net Margin |
|---|---|---|---|---|
| Q3 FY2026 | $693.4M | +0.4% | $93.6M | 13.5% |
| Q2 FY2026 | $850.4M | +8.7% | $156.0M | 18.3% |
| Q1 FY2026 | $829.9M | +1.8% | $143.9M | 17.3% |
| Q4 FY2025 | $615.8M | -5.8% | $77.2M | 12.5% |
| Q3 FY2025 | $690.5M | +4.3% | $81.2M | 11.8% |
| Q2 FY2025 | $782.6M | +0.3% | $130.4M | 16.7% |
| Q1 FY2025 | $815.3M | +4.8% | $161.4M | 19.8% |
| Q4 FY2024 | $653.8M | +5.9% | $94.8M | 14.5% |
Income Statement
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $653.8M | $815.3M | $782.6M | $690.5M | $615.8M | $829.9M | $850.4M | $693.4M |
| YoY Growth | 5.9% | 4.8% | 0.3% | 4.3% | -5.8% | 1.8% | 8.7% | 0.4% |
Balance Sheet
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Assets | $3.27B | $3.45B | $3.54B | $3.60B | $3.69B | $3.91B | $4.08B | $4.14B |
| Liabilities | $1.99B | $2.06B | $2.04B | $2.04B | $2.05B | $2.13B | $2.15B | $2.12B |
| Equity | $1.15B | $1.26B | $1.38B | $1.45B | $1.53B | $1.67B | $1.83B | $1.93B |
Cash Flow
| Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | Q3 2026 | |
|---|---|---|---|---|---|---|---|---|
| Operating CF | $17.7M | $183.4M | $166.9M | $189.9M | $41.2M | $275.0M | $234.9M | $269.3M |