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Advanced Drainage Systems Inc
Advanced Drainage Systems Inc (WMS) is listed on NYSE and classified in Building Products & Equipment, part of the Industrials sector. It is headquartered in Hilliard, United States and has 6,425 employees. The company is worth $9.87B and trades at 22.1x its earnings of the last twelve months; the median for its sector is 24.3x. Revenue was $3.05B in fiscal 2026, up 5.0% from the year before. Net income was $426.47M. The share price is 27.0% below its 52-week high of $179.32. It pays a dividend yielding 0.61%, and has raised its annual dividend for 10 years in a row in our records. 6 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Baillie Gifford (Baillie Gifford & Co), at $288.07M. In that quarter, 2 of them opened or added to the position and 3 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▲ +3.6% over 5Y.
today you would have $1,163.52▲ +16.4%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 13 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $128.20 | $144.83 | $115.60 | $140.64 | $81.97 | $136.13 | $83.58 | $38.84 | $24.25 | $23.85 | $20.60 | $24.03 | $22.98 | |
| P/E | 24.8x | 23.6x | 25.1x | 17.9x | 23.1x | 26.0x | 52.6x | — |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 16.0% a year plus a 0.6% dividend yield. Growth capped at 25%.
Median P/E of 24.3 among peers in the sector.
Median P/E of 24.8 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 13.2x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Industrials, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| UHAL.BU-Haul Holding Co | $50.48 | 360.6x | 1.3x | 0.40% | 0.83% | $9.87B |
| RRXRegal Rexnord Corp | $148.71 | 32.7x | 1.4x | 0.94% | 4.77% | $9.9B |
| TTCToro Co | $105.32 | 27.6x | 7.5x | 1.48% | 26.45% | $9.97B |
| DCIDONALDSON Co INC | $86.12 |
| 31.8x |
| 24.5x |
| 24.1x |
| 52.8x |
| — |
| — |
| P/S | 2.5x | 3.2x | 3.9x | 3.1x | 3.6x | 2.5x | 4.9x | 3.5x | 1.6x | 1.0x | 1.0x | 0.9x | 1.1x | 0.2x |
| P/B | 7.6x | 5.3x | 7.4x | 7.8x | 13.5x | 7.7x | 11.9x | 11.0x | 5.8x | 4.5x | 5.9x | 6.0x | 8.0x | — |
| EPS | $5.44 | $5.76 | $6.45 | $6.08 | $3.15 | $2.59 | -$3.21 | $1.22 | $0.99 | $0.99 | $0.39 | -$0.38 | -$0.21 |
| Dividend yield | 0.54% | 0.45% | 0.48% | 0.54% | 0.38% | 0.57% | 0.31% | 0.43% | 3.48% | 1.28% | 1.13% | 1.12% | 0.79% | 0.17% |
| Payout | 15.57% | 10.66% | 12.15% | 9.61% | 8.88% | 14.92% | 16.22% | — | 110.66% | 31.31% | 27.27% | 58.97% | — | — |
| Profit margin | 5.62% | 13.98% | 15.50% | 17.74% | 16.51% | 9.80% | 11.31% | -11.54% | 5.62% | 4.66% | 4.93% | 1.94% | -0.66% | 0.41% |
| ROE | 25.15% | 22.94% | 29.51% | 44.21% | 61.53% | 30.38% | 27.35% | -36.74% | 20.24% | 20.16% | 27.84% | 13.36% | -4.87% | — |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+20.3% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| 23.0x |
| 5.7x |
| 1.44% |
| 28.20% |
| $9.97B |
| KNXKnight-Swift Transportation Holdings Inc. | $62.52 | 67.2x | 1.4x | 1.28% | 0.61% | $10.18B |
| RRyder System Inc | $265.53 | 19.5x | 3.4x | 1.52% | 16.70% | $10.18B |
