Advanced Drainage Systems, Inc. (WMS) — Financial statements
Income statement, balance sheet, and cash flow for Advanced Drainage Systems, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 2,904↑1.0% | 2,874↓6.4% | 3,071↑10.9% | 2,769↑39.7% | 1,983 | |
| Cost of Revenue | 1,810↑4.7% | 1,729↓11.5% | 1,953↓0.8% | 1,969↑52.3% | 1,293 | |
| Gross Profit | 1,094↓4.5% | 1,146↑2.5% | 1,118↑39.7% | 800↑16.0% | 690 | |
| Operating Expenses | ||||||
| R&D Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| General & Administrative Expenses | 380↑2.6% | 371↑9.2% | 340↑5.7% | 321↑20.0% | 268 | |
| Selling & Marketing Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| SG&A Expenses | 380↑2.6% | 371↑9.2% | 340↑5.7% | 321↑20.0% | 268 | |
| Other Expenses | 56↑30.9% | 43↓27.7% | 60↓11.5% | 67↓13.6% | 78 | |
| Operating Expenses | 437↑5.6% | 414↑3.7% | 399↑2.7% | 388↑12.4% | 346 | |
| Total Costs & Expenses | 2,247↑4.9% | 2,142↓8.9% | 2,352↓0.2% | 2,357↑43.9% | 1,638 | |
| Operating Results | ||||||
| Operating Income | 657↓10.2% | 732↑1.8% | 719↑74.6% | 412↑19.6% | 345 | |
| Depreciation & Amortization | 183↑18.3% | 155↑6.7% | 145↑2.4% | 142↓2.6% | 146 | |
| EBITDA | 865↓5.0% | 911↑4.4% | 872↑56.1% | 559↑13.2% | 494 | |
| EBIT | 681↓9.8% | 756↑3.9% | 727↑74.4% | 417↑19.9% | 348 | |
| Interest & Other Income | ||||||
| Net Interest Income | -68↓2.2% | -67↓10.6% | -60↓80.3% | -33↑5.3% | -35 | |
| Interest Income | 23↑6.5% | 22↑125.4% | 10↑18711.5% | 0.05↓81.9% | 0.29 | |
| Interest Expense | 92↑3.3% | 89↑26.6% | 70↑109.2% | 34↓5.9% | 36 | |
| Non-Operating Income | -24↓1.5% | -23↓194.6% | -8↓55.0% | -5↓51.1% | -3 | |
| Other Income / Expenses | -64↓6.6% | -60↓4.3% | -57↓113.9% | -27↑16.8% | -32 | |
| Income Before Tax | 594↓11.7% | 672↑1.6% | 662↑71.9% | 385↑23.3% | 312 | |
| Income Tax Expense | 141↓11.3% | 159↑5.6% | 151↑36.8% | 110↑27.4% | 86 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 453↓11.8% | 513↑0.4% | 511↑85.9% | 275↑21.6% | 226 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 450↓11.7% | 510↑0.6% | 507↑86.9% | 271↑21.0% | 224 | |
| Bottom-Line Net Income | 450↓11.7% | 510↑0.6% | 507↑120.9% | 230↑23.8% | 185 | |
| EPS (Basic) | 5.81↓10.9% | 6.52↑5.8% | 6.16↑91.3% | 3.22↑22.0% | 2.64 | |
| EPS (Diluted) | 5.76↓10.7% | 6.45↑6.1% | 6.08↑93.0% | 3.15↑21.6% | 2.59 | |
| Weighted Average Shares | 78↓0.9% | 78↓4.9% | 82↑15.5% | 71↑1.6% | 70 | |
| Weighted Average Diluted Shares | 78↓1.0% | 79↓5.2% | 83↑14.3% | 73↑1.9% | 72 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.