Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.26B | $1.33B | $1.38B | $1.67B | $1.98B | $2.77B | $3.07B | $2.87B | $2.90B | $3.05B |
| Revenue growth | — | 5.8% | 4.1% | 20.9% | 18.5% | 39.7% | 10.9% | -6.4% | 1.0% | 5.0% |
| Gross profit | $296M | $302M | $327M | $316M | $690M | $800M | $1.12B | $1.15B | $1.09B | $1.17B |
| Gross margin | 23.5% | 22.7% | 23.6% | 18.9% | 34.8% | 28.9% | 36.4% | 39.9% | 37.7% | 38.3% |
| Operating income | $76.3M | $88.3M | $129M | -$95.3M | $345M | $412M | $719M | $732M | $657M | $619M |
| Operating margin | 6.1% | 6.6% | 9.3% | -5.7% | 17.4% | 14.9% | 23.4% | 25.5% | 22.6% | 20.3% |
| Net income | $62.0M | $62.0M | $77.8M | -$193M | $224M | $271M | $507M | $510M | $450M | $426M |
| Net margin | 4.9% | 4.7% | 5.6% | -11.5% | 11.3% | 9.8% | 16.5% | 17.7% | 15.5% | 14.0% |
| EPS (diluted) | $0.99 | $0.99 | $1.22 | -$3.21 | $2.59 | $3.15 | $6.08 | $6.45 | $5.76 | $5.44 |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $104M | $137M | $152M | $306M | $452M | $275M | $708M | $718M | $581M | $819M |
| Capital expenditures | $46.7M | $41.7M | $43.4M | $67.7M | $78.8M | $149M | $167M | $184M | $213M | $250M |
| Free cash flow | $57.6M | $95.4M | $108M | $239M | $373M | $126M | $541M | $534M | $369M | $569M |
| Share buybacks | — | $7.95M | — | $0.00 | $0.00 | $292M | $575M | $207M | $69.9M | $92.0M |
| Dividends paid | $16.8M | $18.5M | $26.1M | $92.1M | $30.7M | $37.0M | $39.6M | $44.0M | $49.7M | $56.1M |
| Fiscal year | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.45M | $17.6M | $8.89M | $174M | $195M | $20.1M | $217M | $490M | $463M | $223M |
| Total assets | $1.05B | $1.04B | $1.04B | $2.37B | $2.41B | $2.65B | $2.90B | $3.27B | $3.69B | $4.51B |
| Total liabilities | $696M | $609M | $542M | $1.59B | $1.35B | $1.54B | $1.91B | $1.99B | $2.05B | $2.55B |
| Long-term debt | $311M | $271M | $209M | $1.09B | $782M | $909M | $1.27B | $1.26B | $1.25B | $1.61B |
| Shareholders' equity | $223M | $308M | $384M | $526M | $820M | $893M | $824M | $1.15B | $1.53B | $1.86B |
| Retained earnings | -$83.7M | -$39.2M | $17.6M | -$268M | -$75.2M | $159M | $626M | $1.09B | $1.49B | $1.86B |
| Shares (wtd avg diluted) | 56.3M | 56.3M | 57.6M | 63.8M | 71.6M | 72.9M | 83.3M | 79.0M | 78.2M | 78.4M |
Every figure is extracted from ADVANCED DRAINAGE SYSTEMS, INC.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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