Advanced Drainage Systems Inc. (WMS) Revenue-to-Profit Sankey Flow & SEC XBRL Financials

Per the Roarable RQD rating, WMS scores 72 out of 100, graded B, with the verdict label "Roarable Buy — Good Risk/Reward." The five pillars break down as follows. Fundamental cash engine scores 19 of 20, supported by ROIC of 22.3% and an FCF yield of 5.53%; this is the strongest pillar and points to a business that converts capital into cash efficiently. Whale 13F flow scores 11 of 20, reflecting institutional accumulation and options positioning; this is a middling reading. Insider conviction scores 16 of 20, based on SEC Form 4 and Congressional PTR cluster flow. Macro regime fit scores 8 of 20, tied to a beta of 1.13 and sector sensitivity; this is the weakest pillar and signals that the stock is likely to amplify broader market moves. Forensic balance sheet scores 18 of 20, supported by an Altman Z-Score of 5.15, a Piotroski F-Score of 8/9, and a Debt/Equity ratio of 0.66.

For a prospective investor evaluating the stock today, the rating suggests a company with strong cash generation and a healthy balance sheet, offset by macro sensitivity and only moderate institutional conviction. The valuation tradeoff is visible in the market data: trailing P/E of 24 and forward P/E of 22.3 are not low, so the upside case depends on continued cash generation rather than multiple expansion. The rating itself is an analytical score derived from the source data and is not a recommendation.

Advanced Drainage Systems Inc. is a NYSE-listed issuer classified under the Consumer Discretionary sector and the Containers/Packaging industry, per the company profile. Per the SEC financials, the company reported FY 2025 revenue of $3050.4M. Not available in source data for detailed product lines, customer segments, or the specific revenue mechanics.

Per the market data, gross margin is 38.3%, operating margin 20.3%, and net margin 14.1%, with ROIC of 22.3%. Per the Roarable RQD rating, the Altman Z-Score is 5.15 and the Piotroski F-Score is 8/9, with Debt/Equity of 0.66. Reported net income declined from $513.0M in FY 2023 to $453.0M in FY 2024 and $429.0M in FY 2025, while revenue increased across the same periods. Cash rose to $1008.2M in FY 2025 from $488.9M in FY 2024, while debt stayed near $1.25B–$1.32B across all three periods.

Per the recent news data, the headlines include an Oppenheimer note titled that the company is well positioned to meet its outlook and accelerate growth (tagged GREEN / CATALYST). Other items are tagged YELLOW / MARKET WIRE and include a report that the stock hit a 52-week low at 123.97 USD, analyst earnings-estimate coverage pointing to an expected earnings decline, a Simply Wall St piece questioning whether the stock is fully priced after a $530 Million deal, and a MarketBeat report of a "Buy" rating from DA Davidson. The 52-week-low headline is a risk watch item; the Oppenheimer and DA Davidson items are positive analyst signals; the earnings-decline estimate is a risk item. Per the Butterfly Supply-Chain Graph, the supply chain is marked NONE, with no butterfly links and no proprietary signals.

Analyst data is not available in source data. Holder data is not available in source data. Per the news data, DA Davidson is reported to have assigned a "Buy" rating, but no consensus rating or price targets are provided.

• What is the detailed product and customer mix driving revenue, and how does it relate to the reported margins?
• What is driving the decline in net income from FY 2023 to FY 2025 while revenue rose?
• What do the 13F, Form 4, and Congressional trade records specifically show, and who are the holders behind the 11/20 and 16/20 pillar scores?
• What is the $530 Million deal referenced in the news, and how is it expected to affect the balance sheet and outlook?
• What are the EPS figures for each reported period, since they are listed as N/A in the financials?