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Advanced Drainage Systems, Inc. (WMS) Stock: Price, Forecast & Analyst Target

Advanced Drainage Systems, Inc. (WMS) — MoonshotScore 69/100 (Strong band), calculated Oct 4, 2026. Price $127.27 (+0.32%), as of the Oct 2, 2026 trading session; market cap $9.60B. Expected results Nov 5, 2026.

Educational signal · not a buy or sell recommendation · How to read this

$127.27 +$0.41 (+0.32%) Market Cap $9.60B

Advanced Drainage Systems, Inc. · WMS · NYSE · Basic Materials · Construction Materials

Research dated 2026-09-13: Advanced Drainage Systems sells thermoplastic pipe and connected water-management systems for moving, storing, treating and dispersing water across construction, infrastructure and onsite wastewater applications. Its earnings depend on whether expanding system sales and manufacturing capacity can sustain profitable growth while a much smaller cash balance and substantial debt reduce financial flexibility.

Price as of Oct 2, 2026

Key Statistics

69 of 100

MoonshotScore v2 · Advanced Drainage Systems (WMS)

Strong
Business Quality Elite (84)
Financial Safety Okay (50)
Valuation Full (45)
Growth Durability Compounding (80)
Momentum Quiet (41)
Why this rating? Method, drivers & history

Bands for the MoonshotScore: Exceptional 80-100 · Strong 65-79 · Fair 45-64 · Weak below 45.

  • Business Quality — Is this a genuinely good business?
  • Financial Safety — Could this blow up on me?
  • Valuation — Am I paying a fair price?
  • Growth Durability — Is the growth real and likely to last?
  • Momentum — Is the market already moving on this?
The ten-second read ·

High quality and durable growth, though the balance sheet is only middling. Business Quality: Elite; Financial Safety: Okay; Valuation: Full; Growth Durability: Compounding; Momentum: Quiet.

  • quarterly revenue $1.00B (Q1 FY2027, quarter ended Jun 2026)
  • EPS beat 5 of 8
  • Altman Z 4.26 · Piotroski F 6

Helping: business quality, durable growth

What has the MoonshotScore done over time?

MoonshotScore snapshots recorded for WMS (29 recorded, newest six shown)
RecordedScoreBand
69Strong
69Strong
70Strong
70Strong
70Strong
70Strong

The score was 69 in the stored Oct 3, 2026 snapshot and remains 69 in the current publication computed Oct 4, 2026 (0).

Calculation uses the most recent completed US trading session. Live price changes do not update the score immediately.

Computed · Educational signal · not a buy or sell recommendation · How the MoonshotScore is computed →

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$127.27
Change on the day+0.32%
52-week range$124.61–$179.31
Market capitalisation$9.60B
Price / earnings (trailing)21.83
Shares traded on the day538.2K
Beta (volatility vs the S&P 500)1.28

Price & events

Weekly closing price with reported quarters marked Weekly closing price from Sep 5, 2025 to Oct 2, 2026: low $126, high $175, latest $127. 4 reported quarters marked, 4 above and 0 below the recorded estimate. $175 $126 high $175 Nov 6, 2025 · Earnings results · reported above the recorded estimate · close $1481Feb 5, 2026 · Earnings results · reported above the recorded estimate · close $1752May 21, 2026 · Earnings results · reported above the recorded estimate · close $1333Aug 6, 2026 · Earnings results · reported above the recorded estimate · close $1444 Sep 5, 2025 Oct 2, 2026 · $127 $148Sep 5, 2025$143Sep 19, 2025$142Oct 3, 2025$141Oct 17, 2025$140Oct 31, 2025$144Nov 14, 2025$152Nov 28, 2025$150Dec 12, 2025$150Dec 26, 2025$159Jan 9, 2026$153Jan 23, 2026$175Feb 6, 2026$171Feb 20, 2026$146Mar 6, 2026$132Mar 20, 2026$138Apr 2, 2026$153Apr 17, 2026$147May 1, 2026$136May 15, 2026$139May 29, 2026$135Jun 12, 2026$155Jun 26, 2026$150Jul 10, 2026$142Jul 24, 2026$144Aug 7, 2026$144Aug 21, 2026$136Sep 4, 2026$126Sep 18, 2026$127Oct 2, 2026

Triangles mark reported quarters on the line: pointing up is above the recorded estimate, down is below, a diamond means no estimate on file. Numbers key to the dated list. Point at or tab to any week for its close.

Events behind the price

  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate
  • · Earnings results · above the recorded estimate

Results dates follow the earnings feed; call dates follow the transcript provider. Nearby dates do not establish that an event caused a price move.

Upcoming events

As of

  1. Next results dueProvider estimate

The provider's estimated date can change.

What to watch next

Other perspectives

Council score for Advanced Drainage Systems (WMS): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

5-Factor Breakdown

Growth Durability Moderate
Momentum Weak
Business Quality Strong
Financial Safety Neutral
Valuation Neutral

Legends Council

6 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Griffin-style lens (simulated) Ken Griffin Unfavorable read
Simons-style lens (simulated) Jim Simons Neutral read
Englander-style lens (simulated) Izzy Englander Favorable read
Klarman-style lens (simulated) Seth Klarman Neutral read
Moon AI lens (model) Favorable read

Read on: Sep 24, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Moderate
Margin of Safety Undervalued
Profit Margin Moderate
Revenue Growth Neutral
Debt/Equity Weak
ROE Strong
Gross Margin Neutral

Read on: Sep 10, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Sep 10, 2026, the Munger lens read the price at that time as undervalued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the WMS film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Advanced Drainage Systems (WMS), and what does it report?

Short answer · as of

Advanced Drainage Systems is not merely a supplier of construction material. Its portfolio connects corrugated thermoplastic pipe with fittings, chambers, filters, separators, geosynthetics and drainage structures, while Infiltrator adds septic treatment and dispersal products.

Research dated 2026-09-13.

Advanced Drainage Systems is not merely a supplier of construction material. Its portfolio connects corrugated thermoplastic pipe with fittings, chambers, filters, separators, geosynthetics and drainage structures, while Infiltrator adds septic treatment and dispersal products.

Reported revenue therefore combines pipe demand with a broader set of stormwater, wastewater and soil-management applications sold into residential, nonresidential, agricultural and infrastructure work. Consolidated results also include eliminations between operating segments, so the headline reflects the portfolio after internal activity is removed.

Sources (as of 2026-09-13): Business description; Sector / industry (provider taxonomy); Revenue by segment; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions)

2 · Latest results

What do the latest results show for Advanced Drainage Systems (WMS)?

Short answer · as of

The most recent reported quarter, Q1 FY2027, carried revenue of $1.00B.

Research dated 2026-09-13.

The latest period produced the strongest revenue, gross profit, operating profit and net income in the reported quarterly series. Revenue and earnings also cleared market estimates, extending a run of favorable surprises after earlier misses.

Those results establish the improvement but do not identify a single cause. Management instead emphasizes the fiscal calendar: revenue is expected to lean toward the earlier part of the year, while current spending is directed toward completing the Cordele expansion and adding automation and capacity at Infiltrator.

Sources (as of 2026-09-13): Quarterly income statement (USD thousands); Reported versus estimated, last 8 quarters; Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts; Most recent periodic reports

Where is operating spending going?

Revenue alongside research and development, selling, general and administrative expenses, and the FMP standardized operating result.

Where is operating spending going? — FMP standardized evidence
Period endRevenueR&DSG&AFMP standardized operating result
Jun 30, 2026Not availableNot availableNot availableNot available
Mar 31, 2026Not availableNot availableNot availableNot available
Dec 31, 2025Not availableNot availableNot availableNot available
Sep 30, 2025Not availableNot availableNot availableNot available

USD. The operating result is the FMP-standardized value supplied by FMP; it may differ from a filing’s GAAP loss from operations when the provider classifies separately presented items differently. It is not net income or cash flow.

Did results meet expectations?

Reported earnings and revenue alongside the estimates recorded by the provider.

Latest report · revenue
$1.00B Aug 6, 2026
Latest report · revenue estimate
$991.39M Aug 6, 2026
Latest report · revenue vs estimate
Above estimate Aug 6, 2026
Latest report · EPS vs estimate
Above estimate Aug 6, 2026
Did results meet expectations? — reported evidence
Report dateRevenue · reportedRevenue · estimateEPS · reportedEPS · estimate
Aug 6, 2026$1.00B$991.39M$2.4900$2.1000
May 21, 2026$676.76M$651.92M$1.0700$0.9360
Feb 5, 2026$693.35M$687.45M$1.2700$1.1100
Nov 6, 2025$850.38M$800.97M$1.9700$1.6400

Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q1 FY2027$1.00B$169M$2.19 (diluted)
Q4 FY2026$677M$33M$0.42 (diluted)
Q3 FY2026$693M$94M$1.20 (diluted)
Q2 FY2026$850M$156M$1.99 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Advanced Drainage Systems (WMS)?

Short answer

Cash and short-term investments were $0.00 at the Jun 30, 2026 balance-sheet date. This figure does not establish a cash runway.

Research dated 2026-09-13.

Advanced Drainage Systems remains strongly profitable, with healthy gross, operating and net margins, and operating cash flow has stayed positive throughout the reported series. Recent operating cash generation comfortably exceeded capital spending, while liquidity ratios remain above parity and quality screens do not signal immediate distress.

The counterweight is financial leverage. Debt vastly exceeds cash and short-term investments, the cash balance has fallen sharply across the reported window, and annual net income has declined even as revenue recovered. A contraction in construction and infrastructure demand would therefore pressure the product portfolio while leaving less balance-sheet room to absorb weaker cash generation.

The recurring dividend has continued and the recent payment rate increased, adding another continuing use of cash alongside the capacity program.

Sources (as of 2026-09-13): Trailing twelve-month ratio set; Operating cash flow by quarter (USD millions); Distress and quality screens; Cash, investments and debt; Cash and investment components; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash against market value; Annual revenue and net result (USD millions); Recent dividends paid; Next scheduled dividend; Dividends per share, last 12 months (split-adjusted)

4 · What to check next?

What should you watch next at Advanced Drainage Systems (WMS)?

Short answer · as of

The next earnings report is expected on Nov 5, 2026.

Research dated 2026-09-13.

The next earnings release should be read against management’s expected seasonal pattern. The useful checks are whether revenue follows the anticipated shift toward the later part of the fiscal year, whether operating margins hold as sales change, and whether earnings continue to outrun market expectations.

Cordele and Infiltrator deserve separate attention. Capital spending should reveal whether the expansion is nearing completion as planned, while operating cash flow and the cash balance will show how comfortably the business is funding automation and added capacity alongside debt and dividends. Longer-range consensus estimates assume continued revenue and earnings expansion, making execution on these investments the relevant operating test.

Sources (as of 2026-09-13): Next earnings report; Reported versus estimated, last 8 quarters; Analyst revenue and earnings estimates (average); Management outlook — dated call excerpts; Quarterly income statement (USD thousands); Operating cash flow by quarter (USD millions); Cash and short-term investments over time (USD millions); Cash, investments and debt; Recent dividends paid

What the records here don't tell us

  • No forward revenue or earnings estimate is on file.

Checked against the records this page reads, on the dates shown above.

5 · Peer comparison

How does Advanced Drainage Systems compare with its peers?

Short answer

Advanced Drainage Systems's score ranks 4th of 13 in the bounded comparison shown, against 12 same-model peers. These are company scores, not expected investment returns. The set lists named competitors first, then companies in the same data-provider industry classification closest in market value; that classification is the provider's, not our judgment of business similarity.

Research dated 2026-09-13.

Compared with a narrow pipe producer, Advanced Drainage Systems participates across more of the water-management system: conveyance, retention, detention, filtration, treatment and dispersal. Infiltrator broadens the mix into onsite wastewater, while allied products and geosynthetics place the company around the pipe rather than only inside it.

That breadth diversifies the applications served, but it does not detach results from project activity. Residential, nonresidential, agricultural and infrastructure customers still determine the underlying demand for these systems, and the reported fiscal pattern can create pronounced changes between periods.

Sources (as of 2026-09-13): Sector / industry (provider taxonomy); Business description; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Management outlook — dated call excerpts

Peer set — price, market value and MoonshotScore
CompanyPriceMarket valueScore
United States Lime & Minerals, Inc. (USLM) Same industry, near in market value$111.01 Oct 2, 2026$3.18B95 5-pillar Oct 4, 2026
Masco Corporation (MAS) Named competitor$68.36 Oct 2, 2026$13.5B81 5-pillar Oct 4, 2026
Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (PAC) Named competitor$200.90 Oct 2, 2026$10.4B70 5-pillar Oct 4, 2026
Advanced Drainage Systems (WMS) — this page$127.27$9.60B69
Titan America S.A. (TTAM) Same industry, near in market value$13.37 Oct 2, 2026$2.46B68 5-pillar Oct 4, 2026
Eagle Materials Inc. (EXP) Same industry, near in market value$171.36 Oct 2, 2026$5.26B67 5-pillar Oct 4, 2026
Clean Harbors, Inc. (CLH) Named competitor$318.51 Oct 2, 2026$16.8B66 5-pillar Oct 4, 2026
Boise Cascade Company (BCC) Same industry, near in market value$74.99 Oct 2, 2026$2.64B66 5-pillar Oct 4, 2026
Stanley Black & Decker, Inc. (SWK) Named competitor$91.34 Oct 2, 2026$13.8B65 5-pillar Oct 4, 2026
Vulcan Materials Company (VMC) Same industry, near in market value$243.06 Oct 2, 2026$31.5B63 5-pillar Oct 4, 2026
Amrize AG (AMRZ) Same industry, near in market value$37.26 Oct 2, 2026$20.6B58 5-pillar Oct 4, 2026
Martin Marietta Materials, Inc. (MLM) Same industry, near in market value$482.49 Oct 2, 2026$29.0B57 5-pillar Oct 4, 2026
James Hardie Industries plc (JHX) Same industry, near in market value$24.99 Oct 2, 2026$14.5B53 5-pillar Oct 4, 2026

Only 5-pillar scores are ranked together. Other models are not directly comparable. Price and score dates are shown separately; market-value dates are unavailable.

Screen more Basic Materials stocks

The records behind this page

Analyst targets & estimates

What analysts have on file

Price target, low to high
$175.00 – $207.00
Consensus target
$188.56
Median target
$190.00

Consensus record · Captured .

Measured against a quoted price of $127.27 (as of Oct 2, 2026).

Insider activity

Form 4 records via FMP · Of the newest 100 records, those within the last 180 days, newest dated Sep 1, 2026

Transactions
63
Identified insiders
17
Purchases
0
Sales
0
Other transactions
63

Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

What has been published about Advanced Drainage Systems (WMS)?

Read these with our analysis →

What Investors Ask About Advanced Drainage Systems (WMS) — Basic Materials

Research dated 2026-09-13; the answers below are from that research, and the full attribution is under Sources. The last 2 questions are answered from this page's own dated data, not from the research.

What does Infiltrator add beyond Advanced Drainage Systems pipe products?

Infiltrator extends the portfolio into septic chambers, synthetic aggregate bundles, tanks, mechanical aeration, treatment and dispersal systems. That gives Advanced Drainage Systems exposure to onsite wastewater applications as well as stormwater conveyance and storage.

Sources (as of 2026-09-13): Business description; Management outlook — dated call excerpts

Why does the Cordele expansion matter to Advanced Drainage Systems?

Cordele is part of the current capital program, and management expects spending to decline as that expansion closes out. Progress there matters because completion should change the mix of investment demands placed on operating cash flow.

Sources (as of 2026-09-13): Management outlook — dated call excerpts; Operating cash flow by quarter (USD millions)

Why can Advanced Drainage Systems revenue vary across the fiscal calendar?

Management expects sales to concentrate in the earlier part of the fiscal year, so sequential comparisons can reflect timing as well as underlying demand. Period changes should therefore be judged alongside the company’s stated seasonal pattern.

Sources (as of 2026-09-13): Management outlook — dated call excerpts; Quarterly income statement (USD thousands)

Can Advanced Drainage Systems fund Infiltrator capacity while carrying substantial debt?

Recent operating cash flow has covered capital spending comfortably, supporting the current investment program. The sharp cash decline and debt load still make cash conversion, capital spending and liquidity important checks as Infiltrator capacity is added.

Sources (as of 2026-09-13): Operating cash flow by quarter (USD millions); Management outlook — dated call excerpts; Cash, investments and debt; Cash and short-term investments over time (USD millions); Cash decline over the reported window; Cash against market value

What is the WMS stock price today?

The last price recorded on this page for Advanced Drainage Systems, Inc. (WMS) is $127.27, as of the Oct 2, 2026 trading session (source: Financial Modeling Prep (FMP) · quote). It is a provider snapshot, not a live exchange feed, so check a brokerage quote before you trade.

What is the WMS price target?

The analyst consensus price target for Advanced Drainage Systems, Inc. (WMS) is $188.56 (range $175.00 to $207.00, median $190.00), per FMP data captured Oct 4, 2026. Targets are analyst opinions and change often; they are not a Stock Expert AI forecast.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Research written by Codex (gpt-5.6-sol) on 2026-09-13. AI-authored analysis; source dates are shown with each answer. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources (as of 2026-09-13): Business description; Quarterly income statement (USD thousands); Annual revenue and net result (USD millions); Cash, investments and debt; Cash and short-term investments over time (USD millions); Management outlook — dated call excerpts

Sources — records for every figure on this page (45 figures)

The 45 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

OFFICIAL — 1 fact from SEC filings and earnings calls

OFFICIAL facts used on this page
Fact IDFactValue as shownAs ofTierSource
id.hqSEC filing business address4024 Green Stripe Lane, Hilliard, OHOFFICIALSEC EDGAR filer business address — The SEC filer business address. Our market-data provider separately lists "4024 Green Stripe Lane, Hilliard, OH, 43026, US".

FMP — 38 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$127.27FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-04T17:14:30.482Z.
px.changeChange on the day+0.32%FMPFinancial Modeling Prep (FMP) · quote
px.mcapMarket capitalization$9.60BFMPFinancial Modeling Prep (FMP) quote — Provider market cap uses the share class it prices; a company with more than one class may show a larger total elsewhere. Market cap record date: 2026-10-04. Source capture time was not supplied. No share-count basis is inferred; this page preserves the reported amount instead of recalculating it from shares.
earn.nextNext earnings dateNov 5, 2026FMPFinancial Modeling Prep (FMP) earnings calendar — The date is our provider's estimate until the company confirms it.
px.change_absChange on the day, in dollars+$0.41FMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q1 FY2027$1.00BFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
px.range5252-week range$124.61–$179.31FMPFinancial Modeling Prep (FMP) quote
px.pePrice / earnings (trailing)21.83FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day538.2KFMPFinancial Modeling Prep (FMP) · quote
px.betaBeta1.28FMPFinancial Modeling Prep (FMP) company profile
id.ceoChief executiveDonald Scott BarbourFMPFinancial Modeling Prep (FMP) key executives (proxy-derived) — Titles and pay come from the company's proxy statement as our provider parsed it.
id.employeesEmployees6,425FMPFinancial Modeling Prep (FMP) company profile
fin.annualRevenue and net result by fiscal year5 fiscal years, FY1970 through FY2026: FY1970 revenue $0.00, net result $0.00; FY2023 revenue $0.00, net result $0.00; FY2024 revenue $0.00, net result $0.00; FY2025 revenue $0.00, net result $0.00; FY2026 revenue $0.00, net result $0.00FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
fin.gross_marginGross margin (trailing twelve months)37.6%FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
earn.history.depth.2026-08-06.revenue_actualRevenue · reported — report date 2026-08-06$1.00BReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-06.revenue_estimatedRevenue · estimate — report date 2026-08-06$991.39MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-06.eps_actualEPS · reported — report date 2026-08-06$2.4900Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-08-06.eps_estimatedEPS · estimate — report date 2026-08-06$2.1000Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-21.revenue_actualRevenue · reported — report date 2026-05-21$676.76MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-21.revenue_estimatedRevenue · estimate — report date 2026-05-21$651.92MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-21.eps_actualEPS · reported — report date 2026-05-21$1.0700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-05-21.eps_estimatedEPS · estimate — report date 2026-05-21$0.9360Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.revenue_actualRevenue · reported — report date 2026-02-05$693.35MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.revenue_estimatedRevenue · estimate — report date 2026-02-05$687.45MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.eps_actualEPS · reported — report date 2026-02-05$1.2700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2026-02-05.eps_estimatedEPS · estimate — report date 2026-02-05$1.1100Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-06.revenue_actualRevenue · reported — report date 2025-11-06$850.38MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-06.revenue_estimatedRevenue · estimate — report date 2025-11-06$800.97MReport date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-06.eps_actualEPS · reported — report date 2025-11-06$1.9700Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
earn.history.depth.2025-11-06.eps_estimatedEPS · estimate — report date 2025-11-06$1.6400Report date · FMPFinancial Modeling Prep (FMP) earnings — Earnings-history note
fin.q_tableQuarterly income statement4 quarters through Q1 FY2027FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed
fin.cash_investmentsCash and short-term investments$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability. Long-term investments are excluded and remain unclassified. Restrictions on cash and short-term investments require separate review. The market-value ratio is undefined when the reported amount is zero.
fin.total_debtTotal debt$0.00FMPFinancial Modeling Prep (FMP), from the company's balance sheet — Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.
fin.price_to_bookPrice to book value5.23×FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm — A ratio our provider could not compute is absent rather than shown as zero.
earn.pt_rangeAnalyst price target, low to high$175.00 – $207.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_consensusConsensus analyst price target$188.56FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
earn.pt_medianMedian analyst price target$190.00FMPFinancial Modeling Prep (FMP) · price-target consensus — Captured Oct 4, 2026 · Coverage not supplied
own.insidersInsider transactions via FMP63 transactions · 0 purchases, 0 sales, 63 other transactions · 17 identified insiders · of the newest 100 records, those within the last 180 days, newest dated Sep 1, 2026FMPFinancial Modeling Prep (FMP), carrying Form 4 transaction records — Purchases and sales use the reported transaction category. Other transactions include awards, exercises, gifts, withholding and unclassified activity; an acquisition or disposition alone is not a purchase or sale. These records do not establish intent.

UNRECORDED — 2 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.historyReported versus estimated, recent quartersEPS beat 5 of 8UNRECORDEDStored earnings-history observation — Captured 2026-10-01 · Expired observation
fin.scoresDistress and quality screensAltman Z 4.26 · Piotroski F 6UNRECORDEDStored financial-scores observation — Captured 2026-10-04

COMPUTED — 2 facts from our arithmetic, formula restated

COMPUTED facts used on this page
Fact IDFactValue as shownAs ofTierSource
earn.history.depth.2026-08-06.revenue_actual.comparisonLatest report · revenue vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported revenue ($1.00B) with the recorded estimate ($991.39M) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.
earn.history.depth.2026-08-06.eps_actual.comparisonLatest report · EPS vs estimateAbove estimateReport date · COMPUTEDComputed from Financial Modeling Prep (FMP) earnings — Earnings-history note — Method: compare reported EPS ($2.4900) with the recorded estimate ($2.1000) at displayed precision. Equal displayed values are in line. This compares reported results with recorded estimates, not investment returns.

OURS — 2 facts from Stock Expert AI's own score and rank

OURS facts used on this page
Fact IDFactValue as shownAs ofTierSource
ours.moonshotMoonshotScore v269 of 100 · Strong · pillars 84 / 50 / 45 / 80 / 41OURSStock Expert AI MoonshotScore v2 engine
ours.moonshot_changeMoonshotScore movement69 (stored snapshot Oct 3, 2026) → 69 (current publication computed Oct 4, 2026) (0)OURSStock Expert AI current score publication and immutable score snapshots

Fact-family notes

  1. Earnings-history note. Source series as of 2026-08-06. Dates are report dates, not fiscal period ends. Revenue is in USD; EPS is USD per share, rounded to four decimals. The earnings feed does not establish a basic, diluted or adjusted basis. Earnings-feed EPS may differ from statement EPS; the two series are not combined. Applies to Fact IDs: earn.history.depth.2026-08-06.revenue_actual, earn.history.depth.2026-08-06.revenue_estimated, earn.history.depth.2026-08-06.revenue_actual.comparison, earn.history.depth.2026-08-06.eps_actual.comparison, earn.history.depth.2026-08-06.eps_actual, earn.history.depth.2026-08-06.eps_estimated, earn.history.depth.2026-05-21.revenue_actual, earn.history.depth.2026-05-21.revenue_estimated, earn.history.depth.2026-05-21.eps_actual, earn.history.depth.2026-05-21.eps_estimated, earn.history.depth.2026-02-05.revenue_actual, earn.history.depth.2026-02-05.revenue_estimated, earn.history.depth.2026-02-05.eps_actual, earn.history.depth.2026-02-05.eps_estimated, earn.history.depth.2025-11-06.revenue_actual, earn.history.depth.2025-11-06.revenue_estimated, earn.history.depth.2025-11-06.eps_actual, earn.history.depth.2025-11-06.eps_estimated.
Published
Research standards
Methodology · Editorial policy · Corrections

Sources used for research written 2026-09-13

Historical evidence preserved with this analysis. Current figures are listed separately above.

EvidenceCaptured valueSource dateSource typeSource
Business description
Advanced Drainage Systems, Inc., established in Hilliard, Ohio in 1966, is a leading provider of innovative water management solutions. The company specializes in the design, manufacturing, and global distribution of thermoplastic corrugated pipes and related drainage products, primarily targeting the underground construction and infrastructure sectors across the United States, Canada, Mexico, and other international territories. Its operations are structured across four key segments: Pipe, International, Infiltrator, and Allied Products & Other. ADS offers a wide array of products, including single, double, and triple-wall corrugated pipes made from polypropylene and polyethylene. Beyond basic piping, their extensive catalog features sophisticated water management systems such as plastic leachfield chambers, EZflow synthetic aggregate bundles, advanced mechanical aeration wastewater solutions, septic tanks and accessories, and integrated treatment and dispersal units. Furthermore, the company supplies allied products like storm retention, detention, and septic chambers, polyvinyl chloride drainage structures, various fittings, and water quality filters and separators. ADS also distributes construction fabrics and other geosynthetic materials vital for soil stabilization, reinforcement, filtration, erosion control, and sub-surface drainage, alongside drainage grates. These products cater to a broad spectrum of applications, including residential, non-residential, agricultural, and large-scale infrastructure projects, supported by approximately 38 distribution centers.
2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Quarterly income statement (USD thousands)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — EPS: $2.19 per share, SG&A: $130.82M, EPS basic: $2.2 per share, EPS basis: diluted, Revenue: $1.00B, EPS diluted: $2.19 per share, Net result: $168.52M, Gross profit: $408.05M, Operating result: $254.55M
  • Quarter ended 2026-03-31 — EPS: $0.42 per share, SG&A: $89.82M, EPS basic: $0.42 per share, EPS basis: diluted, Revenue: $676.76M, EPS diluted: $0.42 per share, Net result: $32.90M, Gross profit: $218.99M, Operating result: $129.16M
  • Quarter ended 2025-12-31 — EPS: $1.19 per share, SG&A: $227.97M, EPS basic: $1.2 per share, EPS basis: diluted, Revenue: $693.35M, EPS diluted: $1.19 per share, Net result: $93.63M, Gross profit: $245.65M, Operating result: $136.91M
  • Quarter ended 2025-09-30 — EPS: $1.99 per share, SG&A: $0, EPS basic: $2.01 per share, EPS basis: diluted, Revenue: $850.38M, EPS diluted: $1.99 per share, Net result: $156.02M, Gross profit: $340.13M, Operating result: $223.29M
  • Quarter ended 2025-06-30 — EPS: $1.84 per share, SG&A: $103.96M, EPS basic: $1.85 per share, EPS basis: diluted, Revenue: $829.88M, EPS diluted: $1.84 per share, Net result: $143.92M, Gross profit: $330.44M, Operating result: $205.75M
  • Quarter ended 2025-03-31 — EPS: $0.99 per share, SG&A: $92.53M, EPS basic: $0.99 per share, EPS basis: diluted, Revenue: $615.76M, EPS diluted: $0.99 per share, Net result: $77.16M, Gross profit: $226.25M, Operating result: $116.98M
  • Quarter ended 2024-12-31 — EPS: $1.04 per share, SG&A: $100.78M, EPS basic: $1.05 per share, EPS basis: diluted, Revenue: $690.54M, EPS diluted: $1.04 per share, Net result: $81.23M, Gross profit: $241.59M, Operating result: $126.86M
  • Quarter ended 2024-09-30 — EPS: $1.67 per share, SG&A: $94.13M, EPS basic: $1.68 per share, EPS basis: diluted, Revenue: $782.61M, EPS diluted: $1.67 per share, Net result: $130.38M, Gross profit: $293.94M, Operating result: $187.38M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q and 10-K income statements
Annual revenue and net result (USD millions)
Captured record · 5 entries
  • FY2026 — R&D: $0, Revenue: $3.05B, Period end: 2026-03-31, Net result: $426.47M
  • FY2025 — R&D: $0, Revenue: $2.90B, Period end: 2025-03-31, Net result: $450.17M
  • FY2024 — R&D: $0, Revenue: $2.87B, Period end: 2024-03-31, Net result: $509.92M
  • FY2023 — R&D: $0, Revenue: $3.07B, Period end: 2023-03-31, Net result: $507.09M
  • FY2022 — R&D: $0, Revenue: $2.77B, Period end: 2022-03-31, Net result: $271.33M
2026-03-31FMPFinancial Modeling Prep (FMP), from the company's 10-K income statements
Cash, investments and debt
Total debt: $1.77B; Liquidity basis: cash and short-term investments; Total liabilities: $2.62B; Cash and short-term investments: $162.25M; Cash and investments: $162.30M; Long-term investments: $0; Long-term investments classification: unclassified

Long-term investments are shown separately; their marketability is not established by the provider field. The cash and short-term investment balance does not establish unrestricted availability.

2026-06-30FMPFinancial Modeling Prep (FMP), from the company's balance sheet
Cash and short-term investments over time (USD millions)
Captured record · 8 entries
  • 2026-06-30 — Amount: $162.30M, Cash basis: cash and short-term investments
  • 2026-03-31 — Amount: $223.00M, Cash basis: cash and short-term investments
  • 2025-12-31 — Amount: $1.01B, Cash basis: cash and short-term investments
  • 2025-09-30 — Amount: $812.90M, Cash basis: cash and short-term investments
  • 2025-06-30 — Amount: $638.30M, Cash basis: cash and short-term investments
  • 2025-03-31 — Amount: $463.30M, Cash basis: cash and short-term investments
  • 2024-12-31 — Amount: $488.90M, Cash basis: cash and short-term investments
  • 2024-09-30 — Amount: $613.00M, Cash basis: cash and short-term investments
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's quarterly balance sheets
Management outlook — dated call excerpts
Captured record · 2 entries
  • Call of 2026-08-06 — Quote: As we look to the remainder of the year, we still expect normal first half to second half revenue patterns with 55% to 60% of revenue in the first half of the fiscal year., Speaker: Scott Cottrill
  • Call of 2026-08-06 — Quote: We expect to spend approximately $200 million in capital expenditures this fiscal year as we close out the Cordele expansion and invest in automation and additional capacity at our Infiltrator business., Speaker: Scott Cottrill

Selected verbatim statements from the latest available call, dated by the transcript provider. Management expectations, not completed milestones or guarantees. Relative dates retain the speaker's wording.

2026-08-06OFFICIALCompany earnings call, transcript via Financial Modeling Prep (FMP)
Sector / industry (provider taxonomy)
Basic Materials / Construction Materials

The company's SEC filings classify it under SIC 3086 — Plastics Foam Products.

2026-09-13FMPFinancial Modeling Prep (FMP) company profile
Revenue by segment
Intersegment Eliminations: $98.05M
2026-03-31FMPFinancial Modeling Prep (FMP) revenue segmentation, from the company's 10-K
Reported versus estimated, last 8 quarters
Captured record · 8 entries
  • Reported 2026-08-06 — EPS actual: $2.49 per share, EPS estimated: $2.1 per share, Revenue actual: $1.00B, Revenue estimated: $991.39M
  • Reported 2026-05-21 — EPS actual: $1.07 per share, EPS estimated: $0.936 per share, Revenue actual: $676.76M, Revenue estimated: $651.92M
  • Reported 2026-02-05 — EPS actual: $1.27 per share, EPS estimated: $1.11 per share, Revenue actual: $693.35M, Revenue estimated: $687.45M
  • Reported 2025-11-06 — EPS actual: $1.97 per share, EPS estimated: $1.64 per share, Revenue actual: $850.38M, Revenue estimated: $800.97M
  • Reported 2025-08-07 — EPS actual: $1.95 per share, EPS estimated: $1.75 per share, Revenue actual: $829.88M, Revenue estimated: $797.34M
  • Reported 2025-05-15 — EPS actual: $1.03 per share, EPS estimated: $1.06 per share, Revenue actual: $615.76M, Revenue estimated: $658.94M
  • Reported 2025-02-06 — EPS actual: $1.09 per share, EPS estimated: $1.17 per share, Revenue actual: $690.54M, Revenue estimated: $675.42M
  • Reported 2024-11-08 — EPS actual: $1.7 per share, EPS estimated: $1.9 per share, Revenue actual: $782.61M, Revenue estimated: $819.41M
2026-08-06FMPFinancial Modeling Prep (FMP) earnings
Operating cash flow by quarter (USD millions)
Captured record · 8 entries
  • Quarter ended 2026-06-30 — Capital expenditure: -$57.15M, Operating cash flow: $260.40M
  • Quarter ended 2026-03-31 — Capital expenditure: -$53.03M, Operating cash flow: $39.92M
  • Quarter ended 2025-12-31 — Capital expenditure: -$85.72M, Operating cash flow: $269.29M
  • Quarter ended 2025-09-30 — Capital expenditure: -$58.42M, Operating cash flow: $234.87M
  • Quarter ended 2025-06-30 — Capital expenditure: -$52.60M, Operating cash flow: $274.98M
  • Quarter ended 2025-03-31 — Capital expenditure: -$46.53M, Operating cash flow: $41.23M
  • Quarter ended 2024-12-31 — Capital expenditure: -$54.23M, Operating cash flow: $189.94M
  • Quarter ended 2024-09-30 — Capital expenditure: -$54.47M, Operating cash flow: $166.90M
2026-06-30FMPFinancial Modeling Prep (FMP), from the company's 10-Q cash-flow statements
Most recent periodic reports2026-08-06OFFICIALSEC EDGAR filer submissions
Trailing twelve-month ratio set
Quick ratio: 1.18; Current ratio: 2.12; Debt to equity: 0.95; Net margin: 14%; Gross margin: 37.6%; Operating margin: 23.1%; Return on assets: 10%; Return on equity: 23.4%

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. A ratio our provider could not compute is absent rather than shown as zero.

2026-09-13FMPFinancial Modeling Prep (FMP) key-metrics-ttm + ratios-ttm
Distress and quality screens
Altman Z-score: 4.27; Piotroski F-score: 6

Altman Z below 1.8 is the conventional distress zone. The screen is built for manufacturers and industrials; for banks, insurers and property companies it is not a meaningful reading.

2026-09-13FMPFinancial Modeling Prep (FMP) financial scores
Cash and investment components
Total basis: cash short and long-term investments; Total: $162.30M; Cash and short-term investments: $162.30M; Long-term investments: $0; Long-term investments classification: unclassified

Sums the balance sheet's cash and short-term investments with its long-term investments.; The long-term investment field does not establish marketability; the sum is not a measure of available liquidity.; These provider fields do not establish investment access restrictions or explain differences from third-party cash figures.

2026-06-30COMPUTEDComputed from the balance sheet
Cash decline over the reported window
To: 2026-06-30; From: 2024-09-30; Periods: 7; Cash basis: cash and short-term investments; Closing balance: $162.30M; Decline: $450.80M; Opening balance: $613.00M; Average change per period: $64.40M

Change in cash, cash equivalents and short-term investments between the 2024-09-30 and 2026-06-30 balance sheets.; This is a balance change, not operating burn: financing and investing move it too.; Averaged over 7 reporting periods of unequal length.

2026-06-30COMPUTEDComputed from reported balances
Cash against market value
As of: 2026-06-30; Cash basis: cash and short-term investments; Net cash: -$1.60B; Total debt: $1.77B; Cash and investments: $162.30M

Price-based multiples captured at research time are not repeated here; the page shows each once, from current figures with their own dates. Cash is the latest reported cash and short-term investment balance; long-term investments are excluded. Market capitalization is the latest provider value.; The reported balance does not establish unrestricted availability or liquidation value.; The two are measured on different dates — the balance sheet is a quarter-end, the market cap is a recent close.; Debt is total debt as reported, including operating lease liabilities where the filer includes them.

2026-06-30COMPUTEDComputed from the balance sheet and the latest market capitalization
Recent dividends paid
Captured record · 4 entries
  • Ex date: 2026-09-01, Payment date: 2026-09-15, Amount per share: $0.2
  • Ex date: 2026-06-01, Payment date: 2026-06-15, Amount per share: $0.2
  • Ex date: 2026-03-02, Payment date: 2026-03-16, Amount per share: $0.18
  • Ex date: 2025-12-01, Payment date: 2025-12-15, Amount per share: $0.18

Declared amounts per share on their ex-dates. A single payment does not establish an annual rate, and a special dividend is not separated here.

2026-09-01FMPFinancial Modeling Prep (FMP) dividend history
Next scheduled dividend
Ex date: 2026-09-01; Declared on: 2026-08-05; Record date: 2026-09-01; Payment date: 2026-09-15; Amount per share: $0.2

Amount is per share as declared, before any withholding. Owning the share before the ex-date is what carries entitlement.

2026-08-05FMPFinancial Modeling Prep (FMP) dividend calendar
Dividends per share, last 12 months (split-adjusted)
$0.76

Sum of 4 split-adjusted declared dividends with an ex-date in the 365 days to 2026-09-13, per current share. Ex-dates are not payment dates; special dividends are included. Not a declared annual rate.

2026-09-01COMPUTEDFinancial Modeling Prep (FMP) split-adjusted dividend history
Next earnings report
Date: 2026-11-05; EPS estimate: $1.83 per share; Revenue estimate: $931.36M

The date is our provider's estimate until the company confirms it.

2026-09-13FMPFinancial Modeling Prep (FMP) earnings calendar
Analyst revenue and earnings estimates (average)
Captured record · 4 entries
  • FY2026 — EPS average: $6.08 per share, Revenue average: $3.03B, Revenue low: $2.99B, Revenue high: $3.04B, Analysts (revenue): 6
  • FY2027 — EPS average: $6.27 per share, Revenue average: $3.46B, Revenue low: $3.43B, Revenue high: $3.48B, Analysts (revenue): 8
  • FY2028 — EPS average: $7.43 per share, Revenue average: $3.68B, Revenue low: $3.66B, Revenue high: $3.70B, Analysts (revenue): 8
  • FY2029 — EPS average: $8.88 per share, Revenue average: $3.99B, Revenue low: $3.93B, Revenue high: $4.04B, Analysts (revenue): 3
2026-09-13FMPFinancial Modeling Prep (FMP) analyst estimates
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.

ETFs that hold WMS

Funds in our ETF coverage that list WMS among the top 10 holdings on their fund page, largest weight first. Each weight is the fund's reported holding weight as of the date in its row.

ETFWeightHoldings as of
State Street SPDR S&P Homebuilders ETF (XHB)3.54%