WMS NYSE
Advanced Drainage Systems, Inc.
1W: +0.7%
1M: +0.2%
3M: -5.3%
YTD: -12.4%
1Y: -8.6%
3Y: +21.1%
5Y: +20.6%
$130.94
-0.29 (-0.22%)
Weekly Expected Move ±3.0%
$123
$126
$130
$134
$138
Credit Risk of going bust: lower than 71% of companies Debt: 15.2% of company value Bonds: $108.9M held by 171 funds, 150 bp over Treasuries → details ▾
Of US companies ranked in the safest four tenths, about 1 in 3,500 filed for bankruptcy within a year (2020-2025).
If the stock fell to about $1.63 (down 99%), Advanced Drainage Systems, Inc. would be worth roughly what it owes.
Total debt $1.77B against a stock market value of $9.87B.
Distance to default 7.70 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $810.1M (short-term plus half of long-term), stock volatility 35.9%; Altman Z 4.29. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
If the stock fell to about $1.63 (down 99%), Advanced Drainage Systems, Inc. would be worth roughly what it owes.
Total debt $1.77B against a stock market value of $9.87B.
Distance to default 7.70 (Merton model): prices to 2026-10-27, balance sheet 2026-06-30, debt counted $810.1M (short-term plus half of long-term), stock volatility 35.9%; Altman Z 4.29. A ranking and a back-test, not a forecast.
Bond figures are fund-reported marks (SEC N-PORT) as of Jul 2026. How these are computed.
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Cash Flow Trends
Operating Cash Flow
$819M
+40.9% ▲
5Y CAGR: +12.6%
Capital Expenditures
$250M
-17.3% ▼
5Y CAGR: +26.0%
Free Cash Flow
$569M
+54.5% ▲
5Y CAGR: +8.8%
Dividends Paid
$56M
-12.8% ▼
Buybacks
$92M
-31.5% ▼
Net Change in Cash
-$235M
-785.4% ▼
Cash Flow Composition
Year-over-Year Growth
View Full Cash Flow Statement
| Line Item | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 |
|---|---|---|---|---|---|
| — Operating Activities — | |||||
| Net Income | $275M | $511M | $513M | $453M | $489M |
| Depreciation & Amort. | $142M | $145M | $155M | $183M | $216M |
| Stock-Based Comp. | $108M | $22M | $32M | $27M | $32M |
| Change in Working Capital | -$241M | $33M | $26M | -$82M | $81M |
| Other Non-Cash Items | -$11M | $6M | -$6M | $2M | -$35M |
| Operating Cash Flow | $275M | $708M | $718M | $581M | $819M |
| — Investing Activities — | |||||
| Capital Expenditures | -$149M | -$167M | -$184M | -$213M | -$250M |
| Acquisitions (Net) | -$49M | -$48M | $0 | -$237M | -$991M |
| Investment Purchases | $0 | $0 | $0 | $0 | $0 |
| Investment Sales | $0 | $0 | $0 | $0 | $0 |
| Other Investing | -$441K | $446K | $28M | $2M | $29M |
| Investing Cash Flow | -$199M | -$214M | -$156M | -$448M | -$1.2B |
| — Financing Activities — | |||||
| Net Debt Issuance | $88M | $358M | -$27M | -$37M | $303M |
| Stock Repurchased | -$292M | -$575M | -$207M | -$70M | -$92M |
| Dividends Paid | -$37M | -$40M | -$44M | -$50M | -$56M |
| Other Financing | -$10M | -$40M | -$6M | -$684K | -$6M |
| Financing Cash Flow | -$251M | -$296M | -$284M | -$158M | $156M |
| Net Change in Cash | -$175M | $197M | $279M | -$27M | -$235M |
| Cash End of Period | $20M | $217M | $496M | $469M | $234M |
| Free Cash Flow | $126M | $541M | $534M | $369M | $569M |