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WDFC

WD-40 Company

WDFC

WD-40 Company • NASDAQ
$195.80 ▼ -0.62% (-1.23)
Market Cap $2.65 B
52w High $280.00
52w Low $187.40
Dividend Yield 3.76%
P/E 29.22
Volume 53.47K
Outstanding Shares 13.53M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q4-2025 $163.471M ▲ $61.403M ▲ $21.241M ▲ 12.994% ▼ $1.57 ▲ $30.221M ▼
Q3-2025 $156.915M ▲ $60.746M ▲ $20.977M ▼ 13.368% ▼ $1.54 ▼ $30.886M ▲
Q2-2025 $146.104M ▼ $56.436M ▼ $29.851M ▲ 20.431% ▲ $2.2 ▲ $25.866M ▲
Q1-2025 $153.495M ▼ $58.965M ▼ $18.925M ▲ 12.329% ▲ $1.39 ▲ $25.122M ▼
Q4-2024 $155.991M $60.295M $16.784M 10.76% $1.23 $26.004M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q4-2025 $58.13M ▲ $475.809M ▲ $207.657M ▲ $268.152M ▲
Q3-2025 $51.682M ▼ $455.952M ▼ $198.89M ▼ $257.062M ▲
Q2-2025 $52.995M ▼ $458.262M ▲ $216.12M ▼ $242.142M ▲
Q1-2025 $54.914M ▲ $447.324M ▼ $221.027M ▲ $226.297M ▼
Q4-2024 $46.699M $449.039M $218.513M $230.526M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $20.977M ▼ $35.072M ▲ $-1.048M ▲ $-36.688M ▼ $-1.313M ▲ $33.952M ▲
Q2-2025 $29.765M ▲ $7.978M ▼ $-1.233M ▼ $-8.536M ▼ $-1.919M ▼ $6.612M ▼
Q1-2025 $18.925M ▲ $14.93M ▼ $-567K ▲ $-4.097M ▲ $8.215M ▲ $14.239M ▼
Q4-2024 $16.784M ▼ $27.21M ▲ $-632K ▲ $-25.791M ▼ $1.399M ▲ $26.363M ▲
Q3-2024 $19.842M $19.932M $-7.36M $-22.556M $-10.143M $18.665M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Homecare And Cleaning Products
Homecare And Cleaning Products
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
Other Maintenance Products
Other Maintenance Products
 $10.00M ▲$10.00M ▲$10.00M ▲$10.00M ▲
WD40 MultiUse Product
WD40 MultiUse Product
 $120.00M ▲$120.00M ▲$110.00M ▼$120.00M ▲
WD40 Specialist
WD40 Specialist
 $20.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the past several years, not in big jumps but in a consistent, healthy climb. Profitability looks solid: gross margins improved after a softer period and now sit at a comfortable level for a branded specialty chemical business. Operating profit has been stable to slightly better over time, showing good cost discipline. Net income and earnings per share recently moved up after several years of being fairly flat, suggesting that pricing, mix (more premium products), and margin efforts are starting to show through. Overall, the income statement tells a story of slow‑and‑steady growth with resilient margins rather than a high‑growth, volatile profile.

Balance Sheet

Balance Sheet The balance sheet appears conservative and straightforward. Total assets have inched up over time, and the company keeps a modest amount of debt relative to its size, which limits financial risk. Cash holdings are not excessive but seem adequate for day‑to‑day needs and modest investment. Shareholders’ equity has been building gradually, indicating retained profitability. The most recent year’s balance sheet is only partially shown, so there is some uncertainty there, but the multi‑year pattern points to a company that is financially stable, not overleveraged, and not dependent on aggressive borrowing.

Cash Flow

Cash Flow Cash generation from the core business is a clear strength. Operating cash flow has consistently covered the company’s limited capital spending needs, leaving room for solid free cash flow in most years. There was one year with weaker free cash flow, likely tied to timing of investments or working capital, but it looks more like a one‑off dip than a structural issue. Capital spending requirements are relatively low, which fits a branded, asset‑light model. Overall, the cash flow profile is that of a mature business that reliably converts earnings into cash.

Competitive Edge

Competitive Edge WD‑40 enjoys an unusually strong competitive moat for a basic product category. Its secret formula, iconic brand, and instantly recognizable blue‑and‑yellow can give it a level of trust and familiarity that rivals find hard to match. Distribution is extremely broad—across hardware, automotive, industrial, and online channels—which helps lock in shelf space and visibility. Customer loyalty is deep; the product is almost a default choice in its niche, and the brand name itself is often used as shorthand for the entire category. The newer Specialist line lets WD‑40 compete in more professional and industrial niches while still riding on the core brand. The main structural risk is concentration: the business is still heavily tied to its flagship concept, so brand health and reputation are critical.

Innovation and R&D

Innovation and R&D Innovation at WD‑40 is less about ground‑breaking chemistry and more about clever, user‑focused improvements and line extensions. The company has steadily upgraded how the product is delivered—the Smart Straw, flexible EZ‑Reach straw, and Precision Pen are good examples of solving small but real user frustrations. Beyond the original formula, the Specialist range shows the firm’s ability to develop more targeted, higher‑performance products for specific uses, which also supports premium pricing. Strategically, WD‑40 is innovating around premiumization, digital engagement, and international expansion rather than heavy lab‑driven research. That approach fits its brand‑centric model, but it does mean the company’s innovation engine is closely tied to marketing, packaging, and incremental chemistry rather than radical new product categories.

Summary

WD‑40 Company looks like a classic, durable franchise: modest but steady revenue growth, healthy and improving margins, conservative use of debt, and reliable cash generation. Its real strength sits outside the raw financials—in its brand power, secret formula, and global distribution network, which together create a strong buffer against competition. Growth is likely to be driven more by pricing, premium product mix, global expansion, and Specialist offerings than by dramatic volume surges. Key watchpoints include dependence on a small family of products, exposure to input costs, and execution risk as it pushes deeper into new regions and channels. Overall, the business profile is that of a stable, brand‑driven compounder rather than a high‑risk, high‑growth story.

NEWS

November 19, 2025 · 4:05 PM UTC

WD-40 Company Announces 2025 Annual Meeting of Stockholders

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October 22, 2025 · 4:05 PM UTC

WD-40 Company Reports Fourth Quarter and Fiscal Year 2025 Financial Results

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October 9, 2025 · 8:33 PM UTC

WD-40 Company Declares Regular Quarterly Dividend

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October 1, 2025 · 4:05 PM UTC

WD-40 Company Schedules Fourth Quarter and Full Fiscal Year 2025 Earnings Conference Call

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September 15, 2025 · 5:31 PM UTC

D.A. Davidson Advises WD-40 Company on the Sale of its U.K. Homecare and Cleaning Businesses to Supreme Imports Ltd

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