Advanced Drainage Systems (WMS)
Industrials · Water management solutions and drainage systems
The leading manufacturer of water management solutions for stormwater and onsite wastewater across residential, infrastructure, and agricultural markets.
What Advanced Drainage Systems does
Advanced Drainage Systems (ADS) is the leading manufacturer of innovative water management solutions for the stormwater and onsite wastewater industries. The company serves residential, non-residential, infrastructure, and agriculture end markets with a comprehensive product portfolio built around capturing, conveying, storing, and treating stormwater and wastewater. ADS operates through its wholly-owned subsidiary Infiltrator Water Technologies and recently acquired National Diversified Sales (NDS) in February 2026 to expand its residential water management solution capabilities. The company leverages a national sales and distribution platform, industry-leading engineering support, and manufacturing excellence to maintain its market position in the approximately $14 billion stormwater industry.
Themes: ["Water management / stormwater infrastructure","Residential drainage and foundation protection","Wastewater treatment","Environmental compliance","Infrastructure resilience"]
Fundamentals
- Price$145.85 as of 2026-07-09 close
- Market cap$11.4B as of 2026-07-09
- 1-year return+21.9% as of 2026-07-09 close
- P/E26.79 as of 2026-07-09
- Net margin+14.0% as of 2026-07-09
- Gross margin+38.3% as of 2026-07-09
- ROE+22.4% as of 2026-07-09
- Debt / equity0.92 as of 2026-07-09
- Revenue growth (YoY)+5.0% as of 2026-07-09
- Revenue CAGR (3y)-0.2% SEC XBRL
- Beta1.30 as of 2026-07-09
Dividend: yield +0.5%; 5-year non-decreasing per-share dividend streak (SEC XBRL).
Key risks (from latest filing)
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Competitors & peers
- Forterra Inc. (FRTA)
- Quanex Building Products (NX)
- Polypipe Group
- XYLEM Inc. (XYL)
- Tenaris S.A. (TS)
Fundamentals: Finnhub, as of 2026-07-09. Filings: SEC EDGAR. Prices are delayed daily-close data.
Last updated 2026-07-09.
Informational only — NOT financial advice. All figures are delayed daily-close data from SEC EDGAR & Finnhub, shown with their as-of date.