How Advanced Drainage Systems makes money

Period

FY2026

How does Advanced Drainage Systems make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

Advanced Drainage Systems Inc. · FY2026 · year ended 2026-03-31

Revenue$3.1BGross profit$1.2B · 38%Cost of revenue$1.9B · 62%Operating income$619M · 20%Operating expenses$548M · 18%Other opex$548M · 18%Pre-tax income$561M · 18%Other expense$58M · 2%Net income$426M · 14%Income tax$135M · 4%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.