ADVANCED DRAINAGE SYSTEMS, INC.
WMSNYSEOther · Plastics Foam Products · DE · SEC filings ↗ · Compare ⊕
View price & chart on Yahoo Finance ↗Financials
SEC XBRL · annual| FY26 | FY25 | FY24 | FY23 | FY22 | FY21 | |
|---|---|---|---|---|---|---|
| Revenue | $3.05B | $2.90B | $2.87B | $3.07B | $2.77B | $1.98B |
| Operating income | $619.2M | $657.4M | $732.1M | $719.3M | $411.9M | $344.5M |
| Net income | $426.5M | $450.2M | $509.9M | $507.1M | $271.3M | $224.2M |
| Total assets | $4.51B | $3.69B | $3.27B | $2.90B | $2.65B | $2.41B |
| Total liabilities | $2.55B | $2.05B | $1.99B | $1.91B | $1.54B | $1.35B |
| Equity | $1.86B | $1.53B | $1.15B | $824.1M | $893.0M | $819.8M |
| EPS (diluted) | $5.44 | $5.76 | $6.45 | $6.08 | $3.15 | $2.59 |
| Shares out. | 76.6M | 77.6M | 77.4M | 79.0M | 84.4M | 71.6M |
Reported figures from the company's SEC filings (XBRL). Blank where a line item isn't cleanly tagged — never estimated.
Key ratios
from filings · FY2026- Operating margin
- 20.3%
- Net margin
- 14.0%
- Return on equity
- 22.9%
- Return on assets
- 9.5%
- Return on capital (ROCE)
- 15.5%
- Liabilities / assets
- 56.6%
- Debt / equity
- 1.37×
- Book value / share
- $24.27
- Revenue growth (YoY)
- 5.0%
- Net income growth (YoY)
- −5.3%
Computed from the company's own SEC figures — no market price, so these are facts, not a valuation. Book value per share is reported equity ÷ shares; it is not the stock price.
Financial health
forensic scores · FY2026- Altman Z″ (distress)
- 4.09safe
- Accruals / assets
- −8.7%clean
- Piotroski F-Score
- 4/9mixed
Altman Z″is a textbook bankruptcy-distress score from book values only (>2.6 safe · 1.1–2.6 grey · <1.1 distress). Accruals = (net income − operating cash flow) ÷ assets; persistently high accruals are an earnings-quality red flag. Beneish M-Scoreis an eight-ratio screen comparing this year with last (M > −1.78 = elevated manipulation-risk screen, not proof). Piotroski F-Scorecounts how many of nine fundamental-health checks pass (shown as passed / applicable; we use operating margin and total liabilities as documented proxies where the exact input isn't XBRL-tagged). Computed from SEC filings — descriptive factors, not advice or a forecast.
Quality score
EDS ScoreOur own multi-factor score from free SEC data — profitability, growth, financial strength, earnings quality, and event/ownership catalysts. No market price and no licensed model: each axis is the share of source-backed checks it passes. Descriptive factors, not advice or a forecast.
Signs
● 1 severe● 6 good- Filed a late-filing notice (Form NT) — missed an SEC deadline
- Operating margin is positive
- Strong return on equity (>15%)
- Revenue is growing year-over-year
- Positive operating cash flow
- Clean earnings (low accruals)
- Altman Z″ in the safe zone
Derived from the company's own SEC figures (fundamentals, forensic scores, filing discipline) — descriptive factors, not advice or a forecast.
Risk flags
late SEC filings- NT 10-Qmissed a reporting deadline ↗Nov 10, 2016
- NT 10-Qmissed a reporting deadline ↗Aug 10, 2016
- NT 10-Kmissed a reporting deadline ↗Jun 1, 2016
- NT 10-Qmissed a reporting deadline ↗Feb 17, 2016
- NT 10-Qmissed a reporting deadline ↗Nov 17, 2015
- NT 10-Qmissed a reporting deadline ↗Aug 17, 2015
A Form NT means the company notified the SEC it would file a periodic report late — often an accounting, audit or liquidity warning sign. Also search SEC enforcement actions for this company.
5%+ owners
SEC Schedule 13D / 13G · last 3 yrs- Vanguard Capital Management LlcPassive (13G)Apr 29, 2026
- Vanguard Group IncPassive (13G)Mar 26, 2026
- Delaware Charter Guarantee & Trust CoPassive (13G)Feb 13, 2026
- Blackrock, Inc.Passive (13G)Jul 17, 2025
Holders who disclosed a 5%+ stake. 13D signals intent to influence or control; 13G is a passive holding. Latest filing per holder — open it for the exact stake.
Insider transactions
SEC Form 4 · most recent| Insider | Date | Type | Shares | Price |
|---|---|---|---|---|
| Taylor Craig J.Officer — Executive Vice President | May 26, 2026 | Grant | 1,530 | $0.00 |
| Martz BretOfficer — See Remarks | May 26, 2026 | Grant | 1,252 | $0.00 |
| Talley Kevin COfficer — EVP and CAO | May 26, 2026 | Grant | 1,217 | $0.00 |
| Cottrill Scott AOfficer — EVP, CFO AND SECRETARY | May 26, 2026 | Grant | 2,503 | $0.00 |
| Barbour D. ScottOfficer — See Remarks | May 26, 2026 | Grant | 9,036 | $0.00 |
| Coyle Patrick M. JrOfficer — See Remarks | May 26, 2026 | Grant | 1,252 | $0.00 |
| Makowski Tim AOfficer — See Remarks | May 26, 2026 | Grant | 847 | $0.00 |
| King Brian W.Officer — Executive Vice President | May 26, 2026 | Grant | 950 | $0.00 |
| Barbour D. ScottOfficer — See Remarks | May 22, 2026 | Tax withholding | 1,898 | $133.00 |
| Taylor Craig J.Officer — Executive Vice President | May 22, 2026 | Tax withholding | 152 | $133.00 |
| Talley Kevin COfficer — EVP and CAO | May 22, 2026 | Tax withholding | 324 | $133.00 |
| Makowski Tim AOfficer — See Remarks | May 22, 2026 | Tax withholding | 129 | $133.00 |
Headline trade per Form 4 (officers, directors, 10%+ owners). Buy/sell read from the filing's structured data — blank where a field isn't cleanly tagged.
Short interest
FINRA · bi-monthly| Settlement | Shares short | Days to cover | Δ vs prior |
|---|---|---|---|
| May 15, 2026 | 2.9M | 4.0 | +6.2% |
| Apr 30, 2026 | 2.8M | 2.7 | +3.5% |
| Apr 15, 2026 | 2.7M | 2.9 | -1.2% |
| Mar 31, 2026 | 2.7M | 3.0 | +4.4% |
| Mar 13, 2026 | 2.6M | 2.5 | -11.2% |
Shares sold short as reported to FINRA. Days-to-cover = short shares ÷ average daily volume — higher means more potential squeeze pressure.
Material events
SEC Form 8-K · most recent- Regulation FD disclosureMay 21, 2026
- Results of operations · Regulation FD disclosure · Other material eventMay 21, 2026
- Entered a material agreement · New financial obligation · Regulation FD disclosureFeb 27, 2026
- Regulation FD disclosureFeb 12, 2026
- Regulation FD disclosureFeb 12, 2026
- Results of operations · Regulation FD disclosure · Other material eventFeb 5, 2026
- Completed an acquisition or disposition · Regulation FD disclosureFeb 2, 2026
- Results of operations · Regulation FD disclosure · Other material eventNov 6, 2025
Events the company reported on Form 8-K, labelled by the SEC item code it filed under — its own classification, not our interpretation.
Recent SEC filings
All filings ↗Event-driven situations (1)
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