# ADVANCED DRAINAGE SYSTEMS, INC. (WMS) · Edgar & Edgarette company card

> Advanced Drainage Systems (WMS) grew revenue 5.0% in FY2026 to $3.1 billion, operating margin 20.3% against a 9.0% median for plastics foam products, equity 41.3% of assets, and dividend per share up 5 years running. Every figure is from the company’s own annual report filed with the SEC.

SEC CIK 1604028 · fiscal year ended 2026-03-31 · 5 audited years read · [page](https://www.pops4.com/boards/company/WMS) · [JSON](https://www.pops4.com/boards/company/WMS.json)

## Figures, as filed in the 10-K

| Measure | Value |
|---|---|
| Revenue | $3.1B |
| Revenue growth, 1 year | 5.0% |
| Revenue growth per year | 2.4% |
| Operating margin | 20.3% (prior year 22.6%) |
| Net margin | 14.1% |
| Operating cash flow | $819M |
| Capital spending | $250M |
| Free cash flow | $569M |
| Cash | $223M |
| Long-term debt | $1.6B |
| Total assets | $4.5B |
| Total equity | $1.9B |
| Equity ÷ assets | 41.3% |
| Return on equity | 23.1% |
| Dividend per share | $0.72 |
| Dividend years rising | 5 |

## Readings, computed from those figures

- Altman Z: 4.09 (safe zone)
- Piotroski F: 5 of 9 (middling)
- Health Harbor boat: New ship · no warning signs
- Cash Compass: Cash cow now · steady, with strong cash arriving today

## Edgarette's reading

Exposure: revenue $3.1B (FY2026), total debt $1.6B. Experience: revenue up 5.0% on the year, up 2.4% a year over 4 years; operating margin 20.3%, down from 22.6%. Soundness: equity 41.3% of assets, return on equity 23.1%, payout 13.1% of profit, dividend per share up 5 years running. Credibility: four or more audited years, reasonable weight. Range: 80% of past cases like this landed between $2.5B and $3.7B next year (method v4.1: its own 5-year record of growth weighed at 57% against $1B–10B filers; across 2019–2025, 69.0% landed inside, 83.4% on the one year the method never saw). In a shock year the stress range is $2.2B to $4.2B. A statistical range, not company guidance. Against peers (9 filers, $50M+ revenue, its industry group): operating margin 20.3% against a 9.0% median; growth 5.0% against 5.0%.

Range logged 2026-10-06, receipt f21429730866a1e6, status open. A statistical range, not company guidance.

## Health Watch, last 12 months

No warning filings in the window.

## Recent filings

- 8-K · filed 2026-11-12 · 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1604028/000119312526458605/0001193125-26-458605-index.htm)
- 8-K · filed 2026-11-10 · 1.01 Entry into a Material Definitive Agreement; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1604028/000119312526455563/0001193125-26-455563-index.htm)
- 10-Q · filed 2026-11-05 · [filing](https://www.sec.gov/Archives/edgar/data/1604028/000160402826000046/0001604028-26-000046-index.htm)
- 8-K · filed 2026-11-05 · 2.02 Results of Operations and Financial Condition; 7.01 Regulation FD Disclosure; 8.01 Other Events; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1604028/000160402826000043/0001604028-26-000043-index.htm)
- 8-K · filed 2026-10-05 · 1.01 Entry into a Material Definitive Agreement; 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits · [filing](https://www.sec.gov/Archives/edgar/data/1604028/000119312526413092/0001193125-26-413092-index.htm)
- 10-Q · filed 2026-08-06 · [filing](https://www.sec.gov/Archives/edgar/data/1604028/000160402826000037/0001604028-26-000037-index.htm)

## Sources

- facts: https://data.sec.gov/api/xbrl/companyfacts/CIK0001604028.json
- filings: https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1604028

## Cite

POPS4, Edgar & Edgarette: ADVANCED DRAINAGE SYSTEMS, INC. (WMS) company card, from the company's own SEC filings, accessed 2026-11-13, https://www.pops4.com/boards/company/WMS. CC BY 4.0. For a figure, add the filing URL under filings or sources.

DOI https://doi.org/10.5281/zenodo.23672509 · catalog https://www.pops4.com/boards/catalog.json · Figures as filed with the SEC. Card text CC BY 4.0, POPS4.

Reporting, not investment advice. No price targets and no trading recommendations.

Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.