Advanced Drainage Systems, Inc.

WMS NYSE Materials · Plastics Foam Products Hilliard, OH www.adspipe.com/
$132.73
Mkt Cap 10.01B

Manufacturer of pipe and other water-management products used in stormwater drainage and onsite wastewater systems.

From the annual report

The term Infiltrator refers to Infiltrator Water Technologies, LLC, our wholly-owned subsidiary. ADS is the leading manufacturer of innovative water management solutions in the stormwater and onsite wastewater industries, providing superior drainage solutions to manage the world’s most precious resource: water. Our innovative products are used across a broad range of end markets and applications, including residential, non-residential, infrastructure and agriculture applications. We have established a leading position in many of these end markets by leveraging our national sales and distribution platform, market share model, industry-acclaimed engineering support, overall product breadth and scale plus manufacturing excellence. Our best-in-class product portfolio, go-to-market strategy and material conversion strategy helped drive consistent above market growth. On February 2, 2026, we completed the acquisition of National Diversified Sales ( NDS ). NDS is a leading designer and manufacturer of residential stormwater and drainage solutions focused on managing surface and subsurface water around homes. NDS develops durable, easy to install products that help homeowners and contractors control runoff, prevent water damage, and protect landscapes and foundations. This combination brings together complementary water management solutions to expand our offerings.

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/100 Overall
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📊 Key Metrics
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REVENUE TTM
$3.22B
FCF TTM
$550.2M
P/E RATIO
22.2x
P/FCF
18.2x
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