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Advanced Drainage Systems, Inc.. (WMS) Fundamental Analysis & AI Grade 2026

WMS NYSE Plastics Foam Products DE CIK: 0001604028
Updated This Month • Analysis: May 23, 2026 • SEC Data: 2026-03-31
Combined AI Grade
A
78% Confidence
N/A
A
78% Conf
Pending
Analysis scheduled

📊 WMS Key Takeaways

Revenue: $3.1B
Net Margin: 14.0%
Free Cash Flow: $569.3M
Current Ratio: 2.42x
Debt/Equity: 0.88x
EPS: $5.44
AI Grade: A with 78% confidence
Advanced Drainage Systems, Inc.. (WMS) receives a A fundamental grade with 78% confidence from our AI analysis based on SEC 10-K filings. With revenue of $3.1B, net profit margin of 14.0%, and return on equity (ROE) of 22.9%, Advanced Drainage Systems, Inc.. demonstrates strong fundamentals in the Materials sector. Below is our complete WMS stock analysis for 2026.

Is Advanced Drainage Systems, Inc.. (WMS) a Good Investment?

Claude

Advanced Drainage Systems demonstrates exceptional cash generation with $569M free cash flow (18.7% FCF margin) and strong operational profitability (20.3% operating margin, 22.9% ROE). The balance sheet is healthy with conservative leverage (0.88x Debt/Equity) and excellent liquidity (2.42x current ratio). However, the recent profitability decline (-0.5% net income YoY, -5.6% EPS YoY) despite 5% revenue growth signals margin compression requiring close monitoring.

Advanced Drainage Systems, Inc.. Key Strengths (WMS)

Claude
  • + Exceptional free cash flow generation of $569.3M with 18.7% FCF margin demonstrates strong capital efficiency and operational quality
  • + Outstanding return on equity of 22.9% paired with 20.3% operating margin indicates competitive advantages and strong market positioning
  • + Healthy balance sheet with 2.42x current ratio, 1.35x quick ratio, and moderate 0.88x debt-to-equity provides financial flexibility
  • + Consistent 5% revenue growth in a mature industrial segment suggests pricing power or market share gains
  • + Robust gross margins of 38.3% indicate differentiation or cost leadership in plastics/foam products

WMS Stock Risks: Advanced Drainage Systems, Inc.. Investment Risks

Claude
  • ! Profitability decline (-0.5% net income, -5.6% EPS YoY) despite revenue growth signals margin compression from input costs or operational challenges
  • ! Long-term debt of $1.6B in higher rate environment presents refinancing and interest expense risk
  • ! Cyclical exposure to construction and infrastructure markets creates vulnerability to economic downturns and capital spending pullbacks
  • ! 12 Form 4 filings in 90 days warrant monitoring for insider trading patterns and management confidence signals

Key Metrics to Watch

Claude
  • * Operating margin trend and gross margin recovery—critical to confirm margin compression is temporary
  • * Free cash flow sustainability and cash conversion rate relative to net income
  • * Debt service capacity and leverage ratios as interest rate environment evolves
  • * Revenue growth acceleration—sustaining above 5% would validate market strength
  • * Capital expenditure efficiency and return on incremental capex investments

Advanced Drainage Systems, Inc.. (WMS) Financial Metrics & Key Ratios

Revenue
$3.1B
Net Income
$426.5M
EPS (Diluted)
$5.44
Free Cash Flow
$569.3M
Total Assets
$4.5B
Cash Position
$223.0M

💡 AI Analyst Insight

Strong liquidity with a 2.42x current ratio provides a solid financial cushion.

WMS Profit Margin, ROE & Profitability Analysis

Gross Margin 38.3%
Operating Margin 20.3%
Net Margin 14.0%
ROE 22.9%
ROA 9.5%
FCF Margin 18.7%

WMS vs Materials Sector: How Advanced Drainage Systems, Inc.. Compares

How Advanced Drainage Systems, Inc.. compares to Materials sector averages

Net Margin
WMS 14.0%
vs
Sector Avg 10.0%
WMS Sector
ROE
WMS 22.9%
vs
Sector Avg 14.0%
WMS Sector
Current Ratio
WMS 2.4x
vs
Sector Avg 1.6x
WMS Sector
Debt/Equity
WMS 0.9x
vs
Sector Avg 0.6x
WMS Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Advanced Drainage Systems, Inc.. Stock Overvalued? WMS Valuation Analysis 2026

Based on fundamental analysis, Advanced Drainage Systems, Inc.. has mixed fundamental signals relative to the Materials sector in 2026.

Return on Equity
22.9%
Sector avg: 14%
Net Profit Margin
14.0%
Sector avg: 10%
Revenue Growth
N/A
Year-over-year
Debt/Equity
0.88x
Sector avg: 0.6x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Advanced Drainage Systems, Inc.. Balance Sheet: WMS Debt, Cash & Liquidity

Current Ratio
2.42x
Quick Ratio
1.35x
Debt/Equity
0.88x
Debt/Assets
56.6%
Interest Coverage
N/A
Long-term Debt
$1.6B

WMS Revenue & Earnings Growth: 5-Year Financial Trend

WMS 5-year financial data: Year 2022: Revenue $2.8B, Net Income -$193.2M, EPS $-3.21. Year 2023: Revenue $3.1B, Net Income $224.2M, EPS $2.59. Year 2024: Revenue $3.1B, Net Income $271.3M, EPS $3.15. Year 2025: Revenue $3.1B, Net Income $507.1M, EPS $6.08. Year 2026: Revenue $3.1B, Net Income $509.9M, EPS $6.45.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Advanced Drainage Systems, Inc..'s revenue has grown significantly by 10% over the 5-year period, indicating strong business expansion. The most recent EPS of $6.45 reflects profitable operations.

WMS Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
18.7%
Free cash flow / Revenue

WMS Quarterly Earnings & Performance

Quarterly financial performance data for Advanced Drainage Systems, Inc.. including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q3 2025 $662.4M $81.2M $1.04
Q2 2025 $780.2M $130.4M $1.67
Q1 2025 $815.3M $143.9M $1.84
Q1 2024 $778.0M $161.4M $2.06
Q3 2023 $655.2M $73.7M $0.86
Q2 2023 $706.5M $75.4M $0.88
Q1 2023 $669.3M $76.0M $0.87
Q1 2022 $508.6M $70.5M $0.83

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Advanced Drainage Systems, Inc.. Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$819.1M
Cash generated from operations
Stock Buybacks
$92.0M
Shares repurchased (TTM)
Capital Expenditures
$249.8M
Investment in assets
Dividends Paid
$56.1M
Returned to shareholders

WMS SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Advanced Drainage Systems, Inc.. (CIK: 0001604028)

📋 Recent SEC Filings

Date Form Document Action
May 28, 2026 4 xslF345X06/ownership.xml View →
May 28, 2026 4 xslF345X06/ownership.xml View →
May 28, 2026 4 xslF345X06/ownership.xml View →
May 28, 2026 4 xslF345X06/ownership.xml View →
May 28, 2026 4 xslF345X06/ownership.xml View →

Frequently Asked Questions about WMS

What is the AI rating for WMS?

Advanced Drainage Systems, Inc.. (WMS) has an AI grade of A with 78% confidence, based on fundamental analysis of SEC EDGAR filings.

What are WMS's key strengths?

Claude: Exceptional free cash flow generation of $569.3M with 18.7% FCF margin demonstrates strong capital efficiency and operational quality. Outstanding return on equity of 22.9% paired with 20.3% operating margin indicates competitive advantages and strong market positioning.

What are the risks of investing in WMS?

Claude: Profitability decline (-0.5% net income, -5.6% EPS YoY) despite revenue growth signals margin compression from input costs or operational challenges. Long-term debt of $1.6B in higher rate environment presents refinancing and interest expense risk.

What is WMS's revenue and growth?

Advanced Drainage Systems, Inc.. reported revenue of $3.1B.

Does WMS pay dividends?

Advanced Drainage Systems, Inc.. pays dividends, with $56.1M distributed to shareholders in the trailing twelve months.

Where can I find WMS SEC filings?

Official SEC filings for Advanced Drainage Systems, Inc.. (CIK: 0001604028) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is WMS's EPS?

Advanced Drainage Systems, Inc.. has a diluted EPS of $5.44.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is WMS's fundamental grade?

Based on our AI fundamental analysis in June 2026, Advanced Drainage Systems, Inc.. has a A grade with 78% confidence. The AI analysis suggests favorable fundamentals based on SEC filings. This is not investment advice.

Is WMS stock overvalued or undervalued?

Valuation metrics for WMS: ROE of 22.9% (sector avg: 14%), net margin of 14.0% (sector avg: 10%). Higher ROE suggests strong returns relative to peers.

What is WMS's AI grade for 2026?

Our dual AI analysis gives Advanced Drainage Systems, Inc.. a combined A grade for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.

What is WMS's free cash flow?

Advanced Drainage Systems, Inc..'s operating cash flow is $819.1M, with capital expenditures of $249.8M. FCF margin is 18.7%.

How does WMS compare to other Materials stocks?

Vs Materials sector averages: Net margin 14.0% (avg: 10%), ROE 22.9% (avg: 14%), current ratio 2.42 (avg: 1.6).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 23, 2026 | Data as of: 2026-03-31 | Powered by Claude AI