Stormwater was Advanced Drainage Systems’s largest segment in fiscal 2026, bringing in $2.43B of $3.05B (80%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Stormwater | — | $2.39B | $2.36B | $2.43B | |||||
| Pipe | $1.72B | — | — | — | |||||
| Wastewater | — | $566.55M | $629.91M | $714.54M | |||||
| Allied Products & Other | $691.80M | — | — | — | |||||
| Infiltrator | $442.28M | — | — | — | |||||
| Total International | $219.85M | — | — | — | |||||
| International | — | — | — | — | |||||
| Intersegment Eliminations | — | -$84.25M | -$87.68M | -$98.05M | |||||
| Total | $3.07B | $2.87B | $2.90B | $3.05B |
Advanced Drainage Systems brought in $3.05B from its three segments in fiscal 2026, the year ended March 31, 2026. That was up 5.0% from $2.90B in fiscal 2025. Stormwater was the largest at $2.43B (79.8%), ahead of Wastewater at $714.54M (23.4%).
Compared with fiscal 2025, Wastewater grew 13.4% to $714.54M and Stormwater grew 3.0% to $2.43B.
Advanced Drainage Systems began breaking out Stormwater in fiscal 2024, Wastewater in fiscal 2024 and Intersegment Eliminations in fiscal 2024. Advanced Drainage Systems stopped reporting Pipe ($1.72B in fiscal 2023), Allied Products & Other ($691.80M in fiscal 2023), Infiltrator ($442.28M in fiscal 2023) and one other as separate segments. The total is net of Intersegment Eliminations, which took $98.05M off revenue in fiscal 2026.
United States was Advanced Drainage Systems’s largest region in fiscal 2026, bringing in $2.86B of $3.05B (94%).
| Geography | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| United States | $2.85B | $2.67B | $2.71B | $2.86B | ||||||||||
| North America | — | — | — | — | ||||||||||
| Canada | $134.50M | $126.05M | $119.49M | $119.27M | ||||||||||
| Other | $85.35M | $81.72M | $75.14M | $73.55M | ||||||||||
| Other Countries | — | — | — | — | ||||||||||
| Total | $3.07B | $2.87B | $2.90B | $3.05B |
Advanced Drainage Systems brought in $3.05B from its three regions in fiscal 2026, the year ended March 31, 2026. That was up 5.0% from $2.90B in fiscal 2025. United States was the largest at $2.86B (93.7%), ahead of Canada at $119.27M (3.9%) and Other at $73.55M (2.4%).
Compared with fiscal 2025, United States grew fastest, up 5.5% to $2.86B, while Other fell the most, down 2.1% to $73.55M. From fiscal 2023 to 2026, combined revenue from these regions fell from $3.07B to $3.05B, a compound annual decline of 0.2%. United States' share of the total rose from 92.8% to 93.7%.
Pipe was Advanced Drainage Systems’s largest product and service line in fiscal 2018, bringing in $954.07M of $1.33B (72%).
| Product and Service | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|---|---|
| Pipe | $896.62M | $951.80M | $917.53M | $954.07M | ||
| Allied Products | $283.45M | $338.88M | $339.73M | $376.29M | ||
| Total | $1.18B | $1.29B | $1.26B | $1.33B |
Advanced Drainage Systems brought in $1.33B from its two product and service lines in fiscal 2018, the year ended March 31, 2018. That was up 5.8% from $1.26B in fiscal 2017. Pipe was the largest at $954.07M (71.7%), ahead of Allied Products at $376.29M (28.3%).
Compared with fiscal 2017, Allied Products grew 10.8% to $376.29M and Pipe grew 4.0% to $954.07M. From fiscal 2015 to 2018, combined revenue from these lines grew from $1.18B to $1.33B, a compound annual growth rate of 4.1%. Pipe's share of the total fell from 76.0% to 71.7%.
Advanced Drainage Systems (WMS) reports its revenue by segment, by geography and by product and service. In fiscal 2026, Stormwater was its largest segment, bringing in $2.43B (79.8% of the total), followed by Wastewater at $714.54M (23.4%).
Stormwater was Advanced Drainage Systems' largest segment in fiscal 2026, bringing in $2.43B, or 79.8% of the $3.05B total across its three segments.
United States was Advanced Drainage Systems' largest region in fiscal 2026, bringing in $2.86B, or 93.7% of the $3.05B total across its three regions.
Pipe was Advanced Drainage Systems' largest product and service line in fiscal 2018, bringing in $954.07M, or 71.7% of the $1.33B total across its two product and service lines.
Wastewater grew faster than Stormwater in fiscal 2026, up 13.4% from $629.91M to $714.54M. Stormwater grew 3.0% to $2.43B.
Every figure comes from Advanced Drainage Systems' annual financial filings, as reported. Each line keeps the name Advanced Drainage Systems gives it, and years follow its fiscal calendar.
Advanced Drainage Systems' revenue by segment goes back to fiscal 2018, with figures through fiscal 2026. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.