Stocks · Basic Materials · Construction Materials

Advanced Drainage Systems, Inc. WMS

$127.27 +0.32% Close, Oct 2, 2026 · NYSE · Market cap $9.75B

High quality

Next earnings report: Nov 5, 2026

Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.

Three things to know

  1. Earnings beat analyst estimates in each of the last 5 quarters (average surprise over the last four: +16.9%).
  2. The stock is in a downtrend: below its 200-day average, with the 50-day average below the 200-day.
  3. Revenue over the last four quarters was $3.22B, up 10.4% from a year earlier, accelerating from 5.0% a quarter earlier.

PromtFinance scores

Each score is a percentile within the Basic Materials sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.

Growth79Positive

How fast revenue, earnings and cash flow are growing.

  • Revenue growth (TTM, YoY)Top 32%
  • EPS growth (TTM, YoY)Top 49%
  • FCF growth (TTM, YoY)Top 34%
  • Revenue growth, 3-year CAGRTop 45%
  • Revenue growth accelerationTop 21%
Quality87Strong

Returns on capital, margins, earnings quality and balance-sheet strength.

  • Return on invested capitalTop 16%
  • Gross marginTop 25%
  • Operating marginTop 14%
  • Cash conversion (OCF / net income)Top 40%
  • Accruals (lower is better)Top 33%
  • Net debt / EBITDA (lower is better)Bottom 49%
  • Interest coverTop 40%
Value63Neutral

How cheap the shares are relative to earnings, cash flow and their own history.

  • Earnings yieldTop 32%
  • Free-cash-flow yieldTop 34%
  • EBITDA / enterprise valueTop 41%
  • Sales / enterprise valueBottom 30%
  • P/E vs own 5-year history (lower is better)Top 45%
Momentum35Weak

Strength and persistence of the price trend, including versus the S&P 500.

  • 12-month return excluding last monthBottom 30%
  • 6-month returnBottom 48%
  • 1-year return vs S&P 500Bottom 36%
  • Distance from 52-week highBottom 49%
  • Trend checklist (0–4)Bottom 26%
Revisions82Strong

Earnings surprises and analyst sentiment (estimate-revision history is being collected).

  • Average EPS surprise, last 4 quartersTop 25%
  • Consecutive EPS beatsTop 12%
  • Share of analysts rating BuyBottom 23%
  • Upside to consensus price targetTop 36%
Stability61Neutral

Low volatility, shallow drawdowns, low market sensitivity and modest leverage.

  • Volatility, 60 days (lower is better)Top 27%
  • Maximum drawdown, 3 yearsTop 38%
  • Beta vs S&P 500 (lower is better)Bottom 40%
  • Net debt / EBITDA (lower is better)Bottom 49%

What changed

Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).

MeasureBeforeNow
Revenue growth (YoY)5.0%10.4%↑
EPS growth (YoY)-5.6%4.5%↑
Gross margin37.4%37.6%↑
Operating margin21.8%23.1%↑
FCF margin15.9%17.1%↑

Fundamental momentum

MeasureNow (TTM)Year / quarter beforeSector rank
Revenue growth (TTM, YoY)10.4%5.0%↑Top 32%
EPS growth (TTM, YoY)4.5%-5.6%↑Top 49%
Gross margin37.6%37.4%↑Top 25%
Operating margin23.1%21.8%↑Top 14%
Net margin14.0%14.8%↓—
Free-cash-flow margin17.1%15.9%↑—
Return on invested capital14.4%—Top 16%
Revenue growth, 3-year CAGR-0.2%—Top 45%

Quality of earnings and balance sheet

Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
1.78×
Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
-7.8%
Stock-based compensation / revenueA cost to shareholders through dilution.
1.2%
Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
+10.4 pp
Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
1.73×
Interest cover (operating income / interest)How many times operating profit covers interest.
7.6×

Shareholder returns

Dividend yield (dividends paid, TTM)
0.59%
Net buyback yield (TTM)
3.26%
Shareholder yield
3.85%
Share count change, 1 year
-1.4%
Share count change, 3-year CAGR
-1.1%

Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.

Based on the four quarters through Jun 30, 2026 (filed Aug 6, 2026).

Earnings and expectations

Earnings momentum

Consecutive EPS beats
5
Beats in the last 8 reports
5 of 8
Average EPS surprise, last 4
+16.9%
Average 2-day reaction, last 8
+1.7%
Positive 20 days after report
3 of 8

Analysts

Consensus price target
$188.56
Target vs current price
+48.2%
Analysts with a rating
22
Share rating Buy or Strong Buy
41%
Consensus rating
Hold

How the stock reacted to recent reports

Report dateEPS surprise2 days5 days20 days60 days
Aug 6, 2026+18.6%-0.8%-6.1%-11.3%—
May 21, 2026+14.3%-1.2%+2.4%+7.5%+8.1%
Feb 5, 2026+14.4%+6.1%+8.1%-7.0%-8.1%
Nov 6, 2025+20.1%+8.8%+12.0%+11.4%+16.1%
Aug 7, 2025+11.4%+17.2%+25.2%+26.5%+22.1%
May 15, 2025-2.8%-3.4%-8.7%-5.0%+8.2%
Feb 6, 2025-6.8%+1.4%+7.5%-2.2%+0.0%
Nov 8, 2024-10.5%-14.4%-18.1%-18.3%-26.0%

Returns from the close before each report. Past reactions do not determine future ones.

Earnings history

Report dateEPSEstimateSurpriseRevenue
Aug 6, 2026$2.49$2.10+18.6%$1.00B
May 21, 2026$1.07$0.94+14.3%$676.8M
Feb 5, 2026$1.27$1.11+14.4%$693.4M
Nov 6, 2025$1.97$1.64+20.1%$850.4M
Aug 7, 2025$1.95$1.75+11.4%$829.9M
May 15, 2025$1.03$1.06-2.8%$615.8M
Feb 6, 2025$1.09$1.17-6.8%$690.5M
Nov 8, 2024$1.70$1.90-10.5%$782.6M

Valuation in context

MultipleNow5-year median5-year percentileSector rank (cheapness)
P/E (trailing)22.0×24.8×38thTop 32%
P/E (forward)20.4×———
EV / EBITDA12.3×——Top 41%
EV / Sales3.53×——Bottom 30%
Free-cash-flow yield5.64%——Top 34%
Earnings yield4.55%——Top 32%

P/E over the past five years

Range 15.3× – 46.4× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.

What moved the stock over the past year

Price return, 1 year
-9.6%
Earnings per share growth (TTM)
+4.5%
Change in P/E multiple
+6.4%

Most of the move came from a change in the valuation multiple.

Technical state

Trend checklist

  • ✗ Price above 20-day average
  • ✗ Price above 50-day average
  • ✗ Price above 200-day average
  • ✗ 50-day average above 200-day
  • ✓ MACD histogram positive

Trend quality

Days above the 50-day average
0
Days above the 200-day average
0
50-day average slope (20 days)
-5.6%
200-day average slope (20 days)
-1.3%
Distance from 50-day average
-7.0%
Distance from 200-day average
-12.6%
RSI (14)
41.6
Relative volume
0.69×

Risk and drawdowns

Volatility, 60 days (annualized)
33.4%
Volatility vs own 5-year history
25th percentile · Normal for this stock
Beta vs S&P 500 (2 years, weekly)
1.14
Correlation with S&P 500
0.48
Current drawdown from 1-year high
-27.4%
Maximum drawdown, 3 years
-46.0%

Largest declines in the past six years

From peakTo lowDeclineLengthRecovery
Aug 16, 2022Mar 20, 2023-50.3%148 days224 days (Feb 8, 2024)
May 21, 2024Apr 8, 2025-46.0%220 daysNot yet recovered
Dec 8, 2021Jun 17, 2022-40.1%132 days32 days (Aug 4, 2022)
Feb 24, 2021Mar 24, 2021-14.9%20 days12 days (Apr 12, 2021)
Jan 7, 2021Jan 29, 2021-13.8%15 days4 days (Feb 4, 2021)

Declines of 10% or more from a closing high, measured on daily closes.

Financial statements

Market cap
$9.75B
P/E (TTM)
22.0
EPS, diluted (TTM)
$5.79
Revenue (TTM)
$3.22B
Dividend yield
0.60%
52-week range
$124.61 – $179.32
FY 2022FY 2023FY 2024FY 2025FY 2026
Revenue$2.77B$3.07B$2.87B$2.90B$3.05B
Gross profit$800.4M$1.12B$1.15B$1.09B$1.11B
Operating income$411.9M$719.3M$732.1M$657.4M$686.7M
Net income$271.3M$507.1M$509.9M$450.2M$426.5M
EPS (diluted)$3.15$6.08$6.45$5.76$5.44
Q2 2025Q3 2025Q4 2025Q1 2026Q2 2026Q3 2026Q4 2026Q1 2027
Revenue$782.6M$690.5M$615.8M$829.9M$850.4M$693.4M$676.8M$1.00B
Net income$130.4M$81.2M$77.2M$143.9M$156.0M$93.6M$32.9M$168.5M
EPS (diluted)$1.67$1.04$0.99$1.84$1.99$1.19$0.42$2.19
FY 2022FY 2023FY 2024FY 2025FY 2026
Operating cash flow$274.9M$707.8M$717.9M$581.5M$819.1M
Capital expenditure-$149.1M-$166.9M-$183.8M-$212.9M-$249.8M
Free cash flow$125.8M$540.9M$534.1M$368.5M$569.3M
Dividends paid-$37.0M-$39.6M-$44.0M-$49.7M-$56.1M
Net share buybacks-$292.0M-$575.0M-$207.3M-$69.9M-$85.1M

Cash outflows are shown as negative numbers.

Cash and short-term investments
$162.3M
Total assets
$4.51B
Total liabilities
$2.62B
Total debt
$1.77B
Net debt
$1.60B
Shareholders’ equity
$1.86B

As of Jun 30, 2026 (filed Aug 6, 2026).

Dividends

Ex-dateAmountPaid
Sep 1, 2026$0.20Sep 15, 2026
Jun 1, 2026$0.20Jun 15, 2026
Mar 2, 2026$0.18Mar 16, 2026
Dec 1, 2025$0.18Dec 15, 2025
Aug 29, 2025$0.18Sep 15, 2025
May 30, 2025$0.18Jun 16, 2025
Feb 28, 2025$0.16Mar 14, 2025
Dec 2, 2024$0.16Dec 16, 2024

Short interest

Shares sold short
2,873,495
Days to cover
3.89
Change vs previous report
-3.3%

FINRA short interest, settlement date Sep 15, 2026.