ADVANCED DRAINAGE SYSTEMS, INC.
WMS · Plastics Foam Products · 76.6M shares · +5%/yr ↑ shares · EDGAR filings ↗
Net buyback after stock comp: $185M (gross $207M, SBC $22M)
Reference price $152.82 · est. market cap ~$11.7B — last insider sale, 2025-12-03 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
B80ADS is a market-leading water-management manufacturer with strong margins, returns, and cash generation but only modest current growth.
Strengths
- Top-quartile operating margin (87.3th), ROA (88th), ROE 22.9% (79.6th), FCF margin 80.8th
- Leading HDPE/stormwater franchise with brand recognition, regulatory-conversion tailwinds, and NDS acquisition expanding residential reach
Risks
- Resin/raw-material cost and tariff exposure; net income declined 5.3% and revenue grew only 5%
- Leverage elevated (debt/equity 0.86, 75.6th); cyclical non-residential/agriculture/infrastructure demand
Notable findings
- Strong balance sheetStrong balance sheet — $223M cash & investments
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
38.3%
Operating margin
20.3%
Net margin
14.0%
Return on equity
22.9%
Return on assets
9.5%
ROIC
14.1%
Revenue growth (QoQ)
-2.4%
Net-income growth
-5.3%
Debt / equity
0.9×
Net debt / EBITDA
1.7×
Current ratio
2.4×
Free cash flow
$569M
EBITDA
$835M
Tangible book value
-$33M
Cash & investments
$223M
Stock comp / revenue
1.1%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-12 | BARBOUR D. SCOTT | Other | 511 | $135.72 |
| 2026-06-12 | BARBOUR D. SCOTT | Other | 511 | $135.72 |
| 2026-05-26 | TALLEY KEVIN C | Grant | 1.2K | — |
| 2026-05-26 | Martz Bret | Grant | 1.3K | — |
| 2026-05-26 | Cottrill Scott A | Grant | 2.5K | — |
| 2026-05-26 | BARBOUR D. SCOTT | Grant | 9.0K | — |
| 2026-05-26 | Coyle Patrick M. Jr | Grant | 1.3K | — |
| 2026-05-26 | KING BRIAN W. | Grant | 950 | — |
| 2026-05-26 | MAKOWSKI TIM A | Grant | 847 | — |
| 2026-05-26 | TAYLOR CRAIG J. | Grant | 1.5K | — |
| 2026-05-22 | KING BRIAN W. | Tax withheld | 230 | $133.00 |
| 2026-05-22 | BARBOUR D. SCOTT | Tax withheld | 1.9K | $133.00 |
| 2026-05-22 | TAYLOR CRAIG J. | Tax withheld | 152 | $133.00 |
| 2026-05-22 | TALLEY KEVIN C | Tax withheld | 324 | $133.00 |
| 2026-05-22 | MAKOWSKI TIM A | Tax withheld | 129 | $133.00 |
| 2026-05-22 | WAUN THOMAS J. SR. | Tax withheld | 218 | $133.00 |
| 2026-05-22 | Cottrill Scott A | Tax withheld | 604 | $133.00 |
| 2026-05-22 | Coyle Patrick M. Jr | Tax withheld | 112 | $133.00 |
| 2026-05-20 | MAKOWSKI TIM A | Tax withheld | 88 | $136.83 |
| 2026-05-20 | WAUN THOMAS J. SR. | Tax withheld | 100 | $136.83 |
| 2026-05-20 | Cottrill Scott A | Tax withheld | 339 | $136.83 |
| 2026-05-20 | Cottrill Scott A | Grant | 10K | — |
| 2026-05-20 | MAKOWSKI TIM A | Grant | 3.7K | — |
| 2026-05-20 | Coyle Patrick M. Jr | Tax withheld | 64 | $136.83 |
| 2026-05-20 | Coyle Patrick M. Jr | Grant | 3.2K | — |
| 2026-05-20 | KING BRIAN W. | Tax withheld | 101 | $136.83 |
| 2026-05-20 | KING BRIAN W. | Grant | 4.5K | — |
| 2026-05-20 | BARBOUR D. SCOTT | Tax withheld | 1.1K | $136.83 |
| 2026-05-20 | BARBOUR D. SCOTT | Grant | 29K | — |
| 2026-05-20 | TAYLOR CRAIG J. | Tax withheld | 120 | $136.83 |
| 2026-05-20 | TAYLOR CRAIG J. | Grant | 4.0K | — |
| 2026-05-20 | TALLEY KEVIN C | Tax withheld | 141 | $136.83 |
| 2026-05-20 | TALLEY KEVIN C | Grant | 5.9K | — |
| 2026-05-19 | Martz Bret | Tax withheld | 114 | $131.59 |
| 2026-05-19 | Cottrill Scott A | Tax withheld | 277 | $131.59 |
| 2026-05-19 | MAKOWSKI TIM A | Tax withheld | 104 | $131.59 |
| 2026-05-19 | WAUN THOMAS J. SR. | Grant | 4.6K | — |
| 2026-05-19 | WAUN THOMAS J. SR. | Tax withheld | 117 | $131.59 |
| 2026-05-19 | Coyle Patrick M. Jr | Tax withheld | 91 | $131.59 |
| 2026-05-19 | TAYLOR CRAIG J. | Tax withheld | 167 | $131.59 |
| 2026-05-19 | TALLEY KEVIN C | Tax withheld | 141 | $131.59 |
| 2026-05-19 | BARBOUR D. SCOTT | Tax withheld | 934 | $131.59 |
| 2026-05-19 | KING BRIAN W. | Tax withheld | 116 | $131.59 |
| 2026-03-17 | Martz Bret | Other | 107 | $139.85 |
| 2026-03-13 | BARBOUR D. SCOTT | Gift | 7.2K | — |
| 2026-03-13 | BARBOUR D. SCOTT | Gift | 7.2K | — |
| 2026-03-04 | BARBOUR D. SCOTT | Gift | 511 | — |
| 2026-03-04 | BARBOUR D. SCOTT | Gift | 511 | — |
| 2025-12-05 | EVERSOLE ROBERT M | Gift | 1.0K | — |
| 2025-12-03 | EVERSOLE ROBERT M | Sell | 11K | $152.82 |
| 2025-12-02 | COLEMAN MICHAEL B. | Gift | 68 | — |
| 2025-12-02 | COLEMAN MICHAEL B. | Gift | 102 | — |
| 2025-12-02 | COLEMAN MICHAEL B. | Gift | 34 | — |
| 2025-11-26 | WAUN THOMAS J. SR. | Sell | 1.5K | $155.00 |
| 2025-11-25 | BARBOUR D. SCOTT | Gift | 14K | — |
| 2025-11-25 | BARBOUR D. SCOTT | Gift | 46K | — |
| 2025-11-25 | BARBOUR D. SCOTT | Gift | 1.8K | — |
| 2025-11-25 | BARBOUR D. SCOTT | Gift | 46K | — |
| 2025-11-25 | BARBOUR D. SCOTT | Gift | 14K | — |
| 2025-11-12 | WAUN THOMAS J. SR. | Sell | 1.0K | $150.00 |
| 2025-11-12 | BARBOUR D. SCOTT | Sell | 4.5K | $148.01 |
| 2025-11-12 | BARBOUR D. SCOTT | Sell | 73K | $148.96 |
| 2025-11-12 | BARBOUR D. SCOTT | Sell | 2.0K | $150.66 |
| 2025-11-12 | MAKOWSKI TIM A | Sell | 4.8K | $149.21 |
| 2025-11-12 | MAKOWSKI TIM A | Sell | 101 | $149.19 |
| 2025-11-12 | BARBOUR D. SCOTT | Option exercise | 80K | $25.75 |
| 2025-11-11 | WAUN THOMAS J. SR. | Sell | 1.3K | $148.30 |
| 2025-11-10 | EVERSOLE ROBERT M | Gift | 4.1K | — |
| 2025-11-10 | EVERSOLE ROBERT M | Gift | 4.1K | — |
| 2025-07-17 | FISCHER ALEXANDER R | Grant | 1.1K | — |
| 2025-07-17 | Seetharam Anil | Grant | 2.0K | — |
| 2025-07-17 | COLEMAN MICHAEL B. | Grant | 1.1K | — |
| 2025-07-17 | GAST KELLY S. | Grant | 2.0K | — |
| 2025-07-17 | FRATTO TANYA D | Grant | 1.1K | — |
| 2025-07-17 | Haney Mark | Grant | 1.1K | — |
| 2025-07-17 | KISSAM LUTHER C IV | Grant | 1.1K | — |
| 2025-07-17 | CHAIBI ANESA | Grant | 1.1K | — |
| 2025-07-17 | PEREZ DE LA MESA MANUEL J | Grant | 2.0K | — |
| 2025-07-17 | EVERSOLE ROBERT M | Grant | 2.4K | — |
| 2025-06-09 | HARVEY DARIN S. | Sell | 4.5K | $116.39 |
| 2025-05-27 | TAYLOR CRAIG J. | Tax withheld | 57 | $121.86 |
| 2025-05-27 | TAYLOR CRAIG J. | Tax withheld | 120 | $118.39 |
| 2025-05-22 | MAKOWSKI TIM A | Tax withheld | 133 | $111.00 |
| 2025-05-22 | BARBOUR D. SCOTT | Tax withheld | 1.9K | $111.00 |
| 2025-05-22 | Cottrill Scott A | Tax withheld | 615 | $111.00 |
| 2025-05-22 | TAYLOR CRAIG J. | Tax withheld | 152 | $111.00 |
| 2025-05-22 | KING BRIAN W. | Tax withheld | 167 | $111.00 |
| 2025-05-22 | WAUN THOMAS J. SR. | Tax withheld | 162 | $111.00 |
| 2025-05-22 | TALLEY KEVIN C | Tax withheld | 221 | $111.00 |
| 2025-05-22 | HARVEY DARIN S. | Tax withheld | 206 | $111.00 |
| 2025-05-20 | HARVEY DARIN S. | Tax withheld | 120 | $118.39 |
| 2025-05-20 | MAKOWSKI TIM A | Tax withheld | 85 | $118.39 |
| 2025-05-20 | Cottrill Scott A | Tax withheld | 345 | $118.39 |
| 2025-05-20 | WAUN THOMAS J. SR. | Tax withheld | 101 | $118.39 |
| 2025-05-20 | BARBOUR D. SCOTT | Tax withheld | 1.1K | $118.39 |
| 2025-05-20 | TALLEY KEVIN C | Tax withheld | 124 | $118.39 |
| 2025-05-20 | KING BRIAN W. | Tax withheld | 104 | $118.39 |
| 2025-05-19 | TAYLOR CRAIG J. | Grant | 1.6K | — |
| 2025-05-19 | BARBOUR D. SCOTT | Grant | 9.5K | — |
| 2025-05-19 | BARBOUR D. SCOTT | Tax withheld | 1.6K | $121.86 |
| 2025-05-19 | Martz Bret | Grant | 1.1K | — |
| 2025-05-19 | HARVEY DARIN S. | Grant | 1.4K | — |
| 2025-05-19 | HARVEY DARIN S. | Tax withheld | 163 | $121.86 |
| 2025-05-19 | MAKOWSKI TIM A | Grant | 1.0K | — |
| 2025-05-19 | MAKOWSKI TIM A | Tax withheld | 105 | $121.86 |
| 2025-05-19 | Cottrill Scott A | Grant | 2.8K | — |
| 2025-05-19 | Cottrill Scott A | Tax withheld | 459 | $121.86 |
| 2025-05-19 | WAUN THOMAS J. SR. | Grant | 1.2K | — |
| 2025-05-19 | WAUN THOMAS J. SR. | Tax withheld | 118 | $121.86 |
| 2025-05-19 | TALLEY KEVIN C | Grant | 1.4K | — |
| 2025-05-19 | TALLEY KEVIN C | Tax withheld | 162 | $121.86 |
| 2025-05-19 | KING BRIAN W. | Grant | 1.1K | — |
| 2025-05-19 | KING BRIAN W. | Tax withheld | 122 | $121.86 |
| 2025-05-14 | KING BRIAN W. | Grant | 3.5K | — |
| 2025-05-14 | KING BRIAN W. | Tax withheld | 1.1K | $121.68 |
| 2025-05-14 | KING BRIAN W. | Tax withheld | 16 | $121.68 |
| 2025-05-14 | TALLEY KEVIN C | Grant | 4.8K | — |
| 2025-05-14 | TALLEY KEVIN C | Tax withheld | 1.4K | $121.68 |
| 2025-05-14 | TALLEY KEVIN C | Tax withheld | 21 | $121.68 |
| 2025-05-14 | BARBOUR D. SCOTT | Grant | 32K | — |
| 2025-05-14 | BARBOUR D. SCOTT | Tax withheld | 13K | $121.68 |
| 2025-05-14 | BARBOUR D. SCOTT | Tax withheld | 201 | $121.68 |
| 2025-05-14 | TAYLOR CRAIG J. | Grant | 1.6K | — |
| 2025-05-14 | HARVEY DARIN S. | Grant | 4.8K | — |
| 2025-05-14 | HARVEY DARIN S. | Tax withheld | 1.4K | $121.68 |
| 2025-05-14 | HARVEY DARIN S. | Tax withheld | 21 | $121.68 |
| 2025-05-14 | MAKOWSKI TIM A | Grant | 3.1K | — |
| 2025-05-14 | MAKOWSKI TIM A | Tax withheld | 921 | $121.68 |
| 2025-05-14 | MAKOWSKI TIM A | Tax withheld | 14 | $121.68 |
| 2025-05-14 | Cottrill Scott A | Grant | 9.0K | — |
| 2025-05-14 | Cottrill Scott A | Tax withheld | 2.8K | $121.68 |
| 2025-05-14 | Cottrill Scott A | Tax withheld | 58 | $121.68 |
| 2025-05-14 | WAUN THOMAS J. SR. | Grant | 3.5K | — |
| 2025-05-14 | WAUN THOMAS J. SR. | Tax withheld | 1.0K | $121.68 |
| 2025-05-14 | WAUN THOMAS J. SR. | Tax withheld | 15 | $121.68 |
| 2025-03-17 | Martz Bret | Grant | 910 | — |
| 2025-03-10 | BARBOUR D. SCOTT | Gift | 1.0K | — |
| 2025-03-10 | BARBOUR D. SCOTT | Gift | 1.0K | — |
| 2025-03-10 | BARBOUR D. SCOTT | Gift | 3.2K | — |
| 2025-03-10 | BARBOUR D. SCOTT | Gift | 3.2K | — |
| 2025-02-19 | HARVEY DARIN S. | Sell | 976 | $125.00 |
| 2025-02-19 | HARVEY DARIN S. | Option exercise | 1.5K | $96.51 |
| 2025-02-19 | HARVEY DARIN S. | Sell | 1.5K | $125.00 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-18 | Reg FDExhibits | filing ↗ |
| 2026-05-21 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-05-21 | Reg FDExhibits | filing ↗ |
| 2026-02-27 | Material agreementDebt obligationReg FDExhibits | filing ↗ |
| 2026-02-12 | Reg FDExhibits | filing ↗ |
| 2026-02-12 | Reg FDExhibits | filing ↗ |
| 2026-02-05 | ResultsReg FDOtherExhibits | filing ↗ |
| 2026-02-02 | Acquisition/dispositionReg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-18 | 2026-06-18 | 0001604028-26-000028 ↗ |
| 10-K | 2026-05-21 | 2026-03-31 | 0001604028-26-000019 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001604028-26-000020 ↗ |
| 8-K | 2026-05-21 | 2026-05-21 | 0001604028-26-000014 ↗ |
| 8-K | 2026-02-27 | 2026-02-27 | 0001193125-26-082558 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001604028-26-000009 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001604028-26-000011 ↗ |
| 10-Q | 2026-02-05 | 2025-12-31 | 0001604028-26-000007 ↗ |
| 8-K | 2026-02-05 | 2026-02-05 | 0001604028-26-000004 ↗ |
| 8-K | 2026-02-02 | 2026-02-02 | 0001604028-26-000002 ↗ |
| 8-K | 2025-11-06 | 2025-11-06 | 0001604028-25-000041 ↗ |
| 10-Q | 2025-11-06 | 2025-09-30 | 0001604028-25-000043 ↗ |