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Advanced Drainage Systems, Inc. (WMS) is a non-energy raw materials company in the additional building element manufacturers industry, based in Hilliard, United States, with about 6,425 full-time employees.
It reported revenue of $3.05 billion for fiscal year 2026, up 5.0% from fiscal year 2025, and net income of $426.47 million. In Q1 2027 (the quarter ended June 30, 2026) revenue was $1.00 billion, up 20.6% from a year before. Its largest business segment, Stormwater, brought in 77% of segment revenue in fiscal year 2026; United States was the largest region with 94%. Its market capitalization was $9.49 billion as of October 9, 2026.
Figures from company filings and market data; latest fiscal year ended March 31, 2026; market data as of October 9, 2026.
Advanced Drainage Systems, Inc. designs, manufactures, and markets thermoplastic corrugated pipes and related water management products in the United States, Canada, and internationally. The company operates through Stormwater and Wastewater segments.
Advanced Drainage Systems reported $3.05 billion in revenue for fiscal year 2026, up 5.0% from $2.90 billion in fiscal year 2025. In Q1 2027 revenue was $1.00 billion.
Stormwater, with $2.43 billion or 77% of segment revenue in fiscal year 2026. Next: Wastewater (23%).
United States: 94% of revenue by region in fiscal year 2026, followed by Canada (4%).
$9.49 billion as of October 9, 2026.
Listed companies of a similar size in the same industry (additional building element manufacturers) include Valmont Industries, Inc. (VMI), Nwpx Infrastructure, Inc. (NWPX), NPK International Inc. (NPKI), Insteel Industries, Inc. (IIIN).