Filing Flows › Advanced Drainage Systems (WMS) › Q4 FY25
Advanced Drainage Systems (WMS) Q4 FY25 earnings results (fourth quarter fiscal 2025)
10-K filed May 15, 2025
Advanced Drainage Systems (WMS) reported revenue of $616M for the fourth quarter fiscal 2025 (Q4 FY25), -6% from a year earlier and -11% from the quarter before. Operating margin was 19.0%, net earnings $77.2M (12.5% of revenue).
Advanced Drainage Systems, Q4 FY25: revenue $616M (-6% year over year), operating margin 19.0%, net earnings $77.2M, operating cash flow $41.2M. The chart follows the revenue to costs, profit and cash.
| Q4 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $616M | -11% | -6% |
| Gross profit | $226M | -6% | -10% |
| Operating profit | $117M | -8% | -14% |
| Net earnings | $77.2M | -5% | -19% |
| Operating cash flow | $41.2M | -78% | +133% |
What changed
Revenue was $615.8M in Q4 FY25, down 6% year over year and down 11% from the previous quarter. Pipe was the largest line at 52% of revenue.
Gross margin was 36.7%, down 1.8 points from a year earlier. Operating profit was $117.0M, a 19.0% margin (down 1.7 points year over year). Operating expenses fell 6% while revenue fell 6%. Net earnings were $77.2M, down 19% year over year. The effective tax rate was 23.2%.
Operating cash flow was $41.2M (up 133% year over year), 54% of net earnings. Non-cash charges added back $49.6M of depreciation and amortization and $4.8M of share-based compensation. Working capital and other items used $90.0M. Capital expenditures of $46.5M exceeded it, leaving free cash flow of −$5.3M.
Questions
What was Advanced Drainage Systems' revenue in the fourth quarter fiscal 2025?
Advanced Drainage Systems (WMS) reported revenue of $616M for the fourth quarter fiscal 2025 (Q4 FY25), -6% from a year earlier and -11% from the quarter before.
Was Advanced Drainage Systems profitable in the fourth quarter fiscal 2025?
Operating profit was $117M (19.0% of revenue) and net earnings $77.2M.