Financials in USD. Standardized financial statements.
A compact view of how Advanced Drainage Systems, Inc. turns revenue into operating income and net income.
| Metric | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue? | $3.05B | $2.90B | $2.87B | $3.07B | $2.77B | $1.98B | $1.67B | $1.38B | $1.33B | $1.26B |
| Revenue Growth? | +5.0% | +1.0% | -6.4% | +10.9% | +39.7% | +18.5% | +20.9% | +4.1% | +5.8% | 0.0% |
| Cost of Revenue? | $1.94B | $1.81B | $1.73B | $1.95B | $1.97B | $1.29B | $1.18B | $1.06B | $1.03B | $961.45M |
| Gross Profit? | $1.11B | $1.09B | $1.15B | $1.12B | $800.38M | $690.08M | $497.54M | $326.97M | $302.48M | $295.81M |
| Gross Margin? | +36.3% | +37.7% | +39.9% | +36.4% | +28.9% | +34.8% | +29.7% | +23.6% | +22.7% | +23.5% |
| Operating Expenses? | $420.83M | $436.81M | $413.82M | $399.10M | $388.47M | $345.56M | $592.89M | $193.91M | $199.22M | $210.97M |
| Operating Income? | $686.71M | $657.44M | $732.13M | $719.31M | $411.92M | $344.52M | -$95.35M | $129.41M | $88.25M | $76.33M |
| EBITDA? | $900.54M | $864.55M | $910.52M | $872.43M | $558.87M | $493.51M | $281.82M | $202.13M | $167.21M | $154.65M |
| Income Before Tax | $564.85M | $593.64M | $672.29M | $661.94M | $385.10M | $312.27M | -$177.71M | $111.61M | $76.94M | $64.83M |
| Income Tax Expense | $134.99M | $141.06M | $159.00M | $150.59M | $110.07M | $86.38M | $14.09M | $30.05M | $11.41M | $24.61M |
| Net Income? | $426.46M | $450.17M | $509.92M | $507.09M | $271.33M | $224.23M | -$193.17M | $77.77M | $62.01M | $32.95M |
| EPS? | $5.48 | $5.81 | $6.52 | $6.16 | $3.22 | $2.64 | $-3.04 | $1.36 | $1.11 | $0.60 |
| Diluted EPS? | $5.44 | $5.76 | $6.45 | $6.08 | $3.15 | $2.59 | $-3.04 | $1.35 | $1.10 | $0.59 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality