NYSE$WMS
Advanced Drainage Systems Inc. · Q4 2025 earnings
Q4 2025 earnings · · Before market open · Investor relations
Briefing
Advanced Drainage Systems announced financial results for the fourth quarter and fiscal year ended March 31, 2025.
Advanced Drainage Systems reported a decrease in financial results for the fourth quarter of fiscal year 2025, with net sales declining 5.8%, net income decreasing 19.6%, and diluted EPS falling 18.2%, largely influenced by unfavorable weather and the lingering impact of higher interest rates on construction markets.
- Net sales decreased by 5.8% to $615.8 million in the fourth quarter compared to the prior year.
- Net income decreased by 19.6% to $76.8 million, and diluted net income per share fell 18.2% to $0.99.
- Adjusted EBITDA decreased by 7.6% to $176.7 million, resulting in an Adjusted EBITDA margin of 28.7%.
- Domestic pipe sales decreased 11.3%, while Infiltrator sales increased 15.3% (though organic Infiltrator revenue decreased 4.5%).
Headline financials
Revenue & EPS history
ADS · Revenue · Quarterly
$616M
Revenue by segment
ADS · $3.09B total across 4 segments · Q4 2026
- Domestic Pipe$1.5B—48.4%
- Domestic Allied Products$750M—24.3%
- Wastewater$653M—21.2%
- International$188M—6.1%
Forward guidance
For fiscal year 2026, the company expects net sales to be in the range of $2.825 billion to $2.975 billion and Adjusted EBITDA to be between $850 million and $910 million.
Tailwinds
- Orders are positive year-over-year entering fiscal 2026.
- Company's diversified regional exposure, end market, and product mix are unique strengths.
- Material conversion strategy remains strong with significant market opportunity.
- Opportunities for growth with new products into fast-growing segments like data centers and infrastructure.
- Confidence in the ability to grow and increase market share during the period of market uncertainty.
Headwinds
- The end market outlook remains sluggish.
- Demand continues to be impacted by higher interest rates.
- Demand continues to be impacted by economic uncertainty.
- Fiscal 2025 Q4 had unfavorable winter weather conditions compared to favorable weather in the prior year.
- Pricing/cost remained in line with expectations but did not offset the impact of unfavorable volume in the fourth quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q4 2025
+3.7%
Avg return
Earnings day
+4.5%
Avg return
5 days after
+4.2%
Avg return
30 days after
71%
34 / 48 earnings
Positive
+18.1%
Q4 2018
Best reaction
-26.7%
Q2 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +1.4% | — | — | |
| Q3 2026 | +6.1% | +9.2% | -8.8% | |
| Q2 2026 | +8.9% | +9.7% | +10.5% | |
| Q1 2026 | +17.3% | +20.1% | +30.3% | |
| Q4 2025 | -3.4% | -2.7% | -7.1% | |
| Q3 2025 | +1.4% | +9.5% | -1.0% | |
| Q2 2025 | -14.6% | -16.3% | -18.3% | |
| Q4 2024 | -1.2% | +1.7% | -3.0% | |
| Q3 2024 | +17.4% | +14.4% | +17.1% | |
| Q2 2024 | +4.1% | +3.5% | +16.0% | |
| Q1 2025 | +4.2% | +7.2% | +4.2% | |
| Q4 2023 | +8.9% | +8.3% | +24.6% | |
| Q3 2023 | -10.9% | -8.4% | -13.8% | |
| Q2 2023 | -26.7% | -25.0% | -16.0% | |
| Q1 2023 | +16.0% | +16.0% | +10.8% | |
| Q4 2022 | +5.7% | +7.6% | -17.6% | |
| Q3 2022 | +5.7% | +1.9% | +5.2% | |
| Q2 2022 | +10.6% | +18.4% | +11.9% | |
| Q1 2022 | -5.2% | -4.2% | -4.6% | |
| Q4 2021 | +5.9% | +8.8% | -3.3% | |
| Q3 2021 | +16.5% | +15.0% | +19.4% | |
| Q2 2021 | -5.1% | -7.8% | +11.5% | |
| Q1 2021 | +11.2% | +11.5% | +11.2% | |
| Q4 2020 | +7.1% | +6.1% | +17.6% | |
| Q3 2020 | +6.6% | +7.6% | +4.2% | |
| Q2 2020 | +0.0% | +1.4% | +1.6% | |
| Q1 2020 | +1.8% | +1.7% | -4.7% | |
| Q4 2019 | +9.2% | +6.5% | +13.7% | |
| Q3 2019 | -5.9% | -3.7% | -6.2% | |
| Q2 2019 | -3.7% | -8.4% | -11.0% | |
| Q1 2019 | +7.8% | +10.8% | +14.0% | |
| Q4 2018 | +18.1% | +15.0% | +11.6% | |
| Q3 2018 | +11.9% | +21.7% | +21.5% | |
| Q2 2018 | +10.1% | +11.1% | +21.4% | |
| Q1 2018 | +0.3% | +13.1% | -0.8% | |
| Q4 2017 | -4.4% | -8.3% | -7.4% | |
| Q3 2017 | +1.2% | -2.5% | -9.8% | |
| Q2 2017 | +5.1% | +1.1% | +7.5% | |
| Q1 2017 | -6.0% | -2.5% | -18.4% | |
| Q2 2016 | +9.5% | +7.9% | +11.1% | |
| Q4 2016 | +9.5% | +7.9% | +11.1% | |
| Q1 2016 | +0.4% | -1.6% | +11.2% | |
| Q3 2016 | +3.8% | +5.6% | +10.7% | |
| Q4 2015 | +9.4% | — | — | |
| Q3 2014 | -1.5% | — | — | |
| Q3 2015 | -0.0% | — | — | |
| Q2 2015 | +10.8% | — | — | |
| Q1 2015 | +3.2% | — | — | |
| Q4 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — |
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