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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | — | — | — | — | ||||||||||
| United States | $2.85B | $2.67B | $2.71B | $2.86B | ||||||||||
| Domestic | — | — | — | — | ||||||||||
| International | — | — | — | — | ||||||||||
| 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%.
Stormwater was Advanced Drainage Systems’s largest segment in fiscal 2026, bringing in $1.50B of $2.21B (68%).
| Segment | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|---|---|---|
| Stormwater | $1.56B | $1.52B | $1.50B | |||||
| Pipe | — | — | — | |||||
| Wastewater | $566.55M | $629.91M | $714.54M | |||||
| Allied Products Other | — | — | — | |||||
| Allied Products & Other | — | — | — | |||||
| Infiltrator | — | — | — | |||||
| International | — | — | — | |||||
| Total | $2.12B | $2.15B | $2.21B |
Advanced Drainage Systems brought in $2.21B from its two segments in fiscal 2026, the year ended March 31, 2026. That is less than the $3.05B it reports by geography, so these segments do not cover all of its revenue. Stormwater was the largest at $1.50B (67.7%), ahead of Wastewater at $714.54M (32.3%).
Compared with fiscal 2025, Wastewater grew 13.4% to $714.54M, while Stormwater fell 1.7% to $1.50B.
Pipe was Advanced Drainage Systems’s largest product and service line in fiscal 2018, bringing in $835.42M of $1.17B (71%).
| Product and Service | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|---|---|
| Pipe | $771.21M | $812.07M | $794.81M | $835.42M | ||
| Allied Products | $256.72M | $301.73M | $307.43M | $339.01M | ||
| Total | $1.03B | $1.11B | $1.10B | $1.17B |
Advanced Drainage Systems brought in $1.17B from its two product and service lines in fiscal 2018, the year ended March 31, 2018. That was up 6.5% from $1.10B in fiscal 2017. Pipe was the largest at $835.42M (71.1%), ahead of Allied Products at $339.01M (28.9%).
Compared with fiscal 2017, Allied Products grew 10.3% to $339.01M and Pipe grew 5.1% to $835.42M. From fiscal 2015 to 2018, combined revenue from these lines grew from $1.03B to $1.17B, a compound annual growth rate of 4.5%. Pipe's share of the total fell from 75.0% to 71.1%.
Advanced Drainage Systems (WMS) reports its revenue by geography, by segment and by product and service. In fiscal 2026, United States was its largest region, bringing in $2.86B (93.7% of the total), followed by Canada at $119.27M (3.9%).
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.
Stormwater was Advanced Drainage Systems' largest segment in fiscal 2026, bringing in $1.50B, or 67.7% of the $2.21B total across its two segments.
Pipe was Advanced Drainage Systems' largest product and service line in fiscal 2018, bringing in $835.42M, or 71.1% of the $1.17B total across its two product and service lines.
Among Advanced Drainage Systems' regions that make up at least 2% of revenue, United States grew fastest in fiscal 2026, up 5.5% from $2.71B to $2.86B.
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 geography goes back to fiscal 2013, 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.