Advanced Drainage Systems, Inc. (WMS)

Advanced Drainage Systems Income Statement

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2025	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Revenue	2,919	2,904	2,874	3,071	2,769	1,983
Revenue Growth (YoY)	0.24%	1.04%	-6.40%	10.90%	39.67%	18.46%
Cost of Revenue	1,824	1,808	1,729	1,953	1,950	1,293
Gross Profit	1,094	1,097	1,146	1,118	819.57	690.28
Selling, General & Admin	382.79	372.88	370.71	338	309.84	267.57
Operating Expenses	437.17	425.45	422.18	393.2	373.81	341.28
Operating Income	657.32	671.05	723.77	725.21	445.75	349
Interest Expense	-92.01	-91.8	-88.86	-70.18	-33.55	-35.66
Interest & Investment Income	22.33	23.49	22.05	9.78	0.05	-
Earnings From Equity Investments	3.81	4.17	5.54	4.84	1.59	0.2
Currency Exchange Gain (Loss)	0.12	0.12	-0.44	-2.28	-0.32	-
Other Non Operating Income (Expenses)	0.97	0.23	1.87	0.47	5.42	3.4
EBT Excluding Unusual Items	592.54	607.25	663.92	667.84	418.93	316.94
Merger & Restructuring Charges	-9.76	-9.76	-	-1.5	-	-
Gain (Loss) on Sale of Assets	-10.59	-3.86	8.37	-4.4	-3.4	-4.28
Other Unusual Items	-	-	-	-	-30.44	-0.2
Pretax Income	572.19	593.64	672.29	661.94	385.1	312.47
Income Tax Expense	137.85	141.06	159	150.59	110.07	86.38
Earnings From Continuing Operations	434.34	452.57	513.29	511.35	275.03	226.09
Minority Interest in Earnings	-1.65	-2.4	-3.38	-4.27	-3.7	-1.86
Net Income	432.69	450.17	509.92	507.09	271.33	224.23
Preferred Dividends & Other Adjustments	-	-	-	-	41.8	38.84
Net Income to Common	432.69	450.17	509.92	507.09	229.53	185.39
Net Income Growth	-13.06%	-11.72%	0.56%	86.89%	21.01%	-
Shares Outstanding (Basic)	78	78	78	82	71	70
Shares Outstanding (Diluted)	78	78	79	83	73	72
Shares Change (YoY)	-0.68%	-1.05%	-5.18%	14.30%	1.88%	12.14%
EPS (Basic)	5.58	5.80	6.52	6.16	3.22	2.64
EPS (Diluted)	5.54	5.76	6.45	6.08	3.15	2.59
EPS Growth	-12.37%	-10.70%	6.09%	93.02%	21.62%	-
Free Cash Flow	465.22	368.55	534.12	540.9	125.81	373.46
Free Cash Flow Per Share	5.95	4.71	6.76	6.49	1.73	5.22
Dividend Per Share	0.660	0.640	0.560	0.480	0.440	0.360
Dividend Growth	13.79%	14.29%	16.67%	9.09%	22.22%	-
Gross Margin	37.50%	37.76%	39.87%	36.42%	29.59%	34.81%
Operating Margin	22.52%	23.11%	25.18%	23.61%	16.10%	17.60%
Profit Margin	14.82%	15.50%	17.74%	16.51%	8.29%	9.35%
Free Cash Flow Margin	15.94%	12.69%	18.58%	17.61%	4.54%	18.83%
EBITDA	831.5	836.11	862.19	853.97	571.14	477.18
EBITDA Margin	28.49%	28.79%	30.00%	27.81%	20.62%	24.07%
D&A For EBITDA	174.18	165.05	138.42	128.76	125.39	128.18
EBIT	657.32	671.05	723.77	725.21	445.75	349
EBIT Margin	22.52%	23.11%	25.18%	23.61%	16.10%	17.60%
Effective Tax Rate	24.09%	23.76%	23.65%	22.75%	28.58%	27.64%
Advertising Expenses	-	10.6	10.2	8.5	6	4.1

Updated Aug 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q