WD-40 Company (WDFC) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$1.57	$2.24	+42.7%	—	—	—
Q4 26	$1.41	$1.5	+6.4%	—	—	—
Q3 26	$1.45	$1.28	-11.7%	—	—	—
Q2 26	$0.82	$1.57	+91.5%	—	—	—
Q1 26	$1.4	$1.54	+10.0%	—	—	—
Q4 25	$1.42	$1.32	-7.0%	—	—	—
Q3 25	$1.26	$1.39	+10.3%	—	—	—
Q2 25	$1.31	$1.23	-6.1%	—	—	—
Q1 25	$1.27	$1.46	+15.0%	—	—	—
Q4 24	$1.12	$1.14	+1.8%	—	—	—
Q3 24	$1	$1.28	+28.0%	—	—	—
Q2 24	$1.21	$1.21	0.0%	—	—	—
Q1 24	$1.22	$1.38	+13.1%	—	—	—
Q4 23	$1.01	$1.21	+19.8%	—	—	—
Q3 23	$1.09	$1.02	-6.4%	—	—	—
Q2 23	$1.22	$1.08	-11.5%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$6.7	—	—	$620M	—
FY24	—	$5.12	—	—	$590.6M	—
FY23	—	$4.84	—	—	$537.3M	—
FY22	—	$4.91	—	—	$518.8M

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$380.7M	$380.5M	$408.5M	$423.4M	$408.5M	$488.1M	$518.8M	$537.3M	$590.6M	$620M
YoY change	+0.67%	-0.04%	+7.36%	+3.63%	-3.51%	+19.5%	+6.29%	+3.55%	+9.92%	+4.98%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	380.7M	380.5M	408.5M	423.4M	408.5M	488.1M	518.8M	537.3M	590.6M	620M
Cost of revenue	166.3M	166.6M	183.3M	191M	185.5M	224.4M	264.1M	263M	275.3M	278.6M
Gross profit	214.4M	213.9M	225.3M	232.3M	223M	263.7M	254.8M	274.2M	315.2M	341.3M
Gross margin	56.3%	56.2%	55.1%	54.9%	54.6%	54%	49.1%	51%	53.4%	55.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	140M	135.1M	143.7M	147.3M	143.6M	173.4M	166M	183.5M	217.8M	237.4M
Operating expenses	140M	135.1M	143.7M	147.3M	143.6M	173.4M	166M	183.5M	217.8M	237.4M
Operating income	71.3M	75.9M	78.6M	82.4M	77.2M	88.8M	87.3M	89.7M	96.4M	103.8M
Operating margin	18.7%	19.9%	19.2%	19.5%	18.9%	18.2%	16.8%	16.7%	16.3%	16.7%
Non-operating income, net	2.5M	787K	339K	774K	641K	-28K	-582K	822K	-1M	757K
Pretax income	72.8M	74.6M	75.2M	80.8M	75.5M	86.5M	84.1M	85.2M	91.5M	101.6M
Income tax	20.2M	21.7M	10M	24.9M	14.8M	16.3M	16.8M	19.2M	21.9M	10.6M
Net income	52.6M	52.9M	65.2M	55.9M	60.7M	70.2M	67.3M	66M	69.6M	91M
Net margin	13.8%	13.9%	16%	13.2%	14.9%	14.4%	13%	12.3%	11.8%	14.7%
EBITDA	81M	84M	87.2M	90.9M	85.7M	95.9M	95.1M	98.9M	105.3M	113.3M
EPS	3.65	3.73	4.65	4.03	4.41	5.11	4.91	4.84	5.12	6.7
Diluted EPS	3.64	3.72	4.64	4.02	4.4	5.09	4.9	4.83	5.11	6.69

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	140.5M	140.4M	139.1M	155M	156M	153.5M	146.1M	156.9M	163.5M	154.4M	161.7M	195.1M
Cost of revenue	68.3M	64.9M	66.2M	72.7M	71.6M	69.4M	66.4M	68.8M	74M	67.6M	71.7M	84.7M
Gross profit	72.1M	75.6M	72.9M	82.4M	84.3M	84.1M	79.7M	88.1M	89.4M	86.8M	89.9M	110.4M
Gross margin	51.4%	53.8%	52.4%	53.1%	54.1%	54.8%	54.6%	56.2%	54.7%	56.2%	55.6%	56.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	48.6M	51.1M	51.7M	54.9M	60M	58.9M	56.4M	60.7M	61.4M	63.5M	63.6M	68.6M
Operating expenses	48.6M	51.1M	51.7M	54.9M	60M	58.9M	56.4M	60.7M	61.4M	63.5M	63.6M	68.6M
Operating income	23.2M	24.2M	20.9M	27.2M	24.1M	25.1M	23.3M	27.4M	28M	23.3M	26.3M	40.3M
Operating margin	16.5%	17.2%	15.1%	17.5%	15.4%	16.4%	15.9%	17.4%	17.1%	15.1%	16.3%	20.7%
Non-operating income, net	264K	-40K	-193K	-283K	-514K	-141K	74K	880K	-56K	-197K	78K	-127K
Pretax income	22.2M	23.1M	19.8M	25.8M	22.8M	24.3M	22.4M	27.5M	27.5M	22.6M	25.9M	39.6M
Income tax	5.6M	5.6M	4.3M	6M	6M	5.3M	-7.4M	6.5M	6.2M	5.1M	5.5M	9.4M
Net income	16.6M	17.5M	15.5M	19.8M	16.8M	18.9M	29.9M	21M	21.2M	17.5M	20.3M	30.2M
Net margin	11.8%	12.5%	11.2%	12.8%	10.8%	12.3%	20.4%	13.4%	13%	11.3%	12.6%	15.5%
EBITDA	25.8M	26.5M	23.2M	29.5M	26M	27.2M	25.4M	30.4M	30.2M	25.3M	28.9M	43.8M
EPS	1.22	1.28	1.14	1.46	1.23	1.39	2.2	1.54	1.57	1.29	1.5	2.24
Diluted EPS	1.21	1.28	1.14	1.46	1.23	1.39	2.19	1.54	1.56	1.28	1.5	2.24

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	1.7B	1.5B	2.5B	2.5B	2.8B	3.3B	2.6B	2.9B	3.6B	2.9B	2.7B
Enterprise value	1.7B	1.6B	2.5B	2.6B	2.9B	3.3B	2.7B	3B	3.6B	3B	2.7B
Shares outstanding	14.3M	14.1M	13.9M	13.8M	13.7M	13.7M	13.7M	13.6M	13.6M	13.5M	13.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	32.2	29	37.9	45	46.1	46.7	38.4	44.2	51.2	32.2	30.9
P/S	4.46	4.03	6.05	5.94	6.85	6.72	4.98	5.43	6.03	4.72	4.04
P/B	12.1	11	15.9	17.3	17.5	16.4	13.7	13.9	15.5	10.9	9.8
EV/EBITDA	21.1	18.7	28.8	28.3	33.4	34.6	28.4	30.3	34.4	26.2	21.6
EV/Sales	4.49	4.13	6.14	6.07	7.01	6.8	5.21	5.58	6.13	4.78	4.04
Earnings yield	3.1%	3.45%	2.64%	2.22%	2.17%	2.14%	2.6%	2.26%	1.95%	3.11%	3.24%
FCF yield	3.59%	2.31%	2.12%	1.97%	1.91%	2.12%	-0.22%	3.14%	2.47%	2.85%	2.51%
PEG	—	—	—	—	—	—	—	—	—	—	0.68

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	56.3%	56.2%	55.1%	54.9%	54.6%	54%	49.1%	51%	53.4%	55.1%	56.6%
Operating margin	18.7%	19.9%	19.2%	19.5%	18.9%	18.2%	16.8%	16.7%	16.3%	16.7%	20.7%
Net margin	13.8%	13.9%	16%	13.2%	14.9%	14.4%	13%	12.3%	11.8%	14.7%	13.2%
ROE	37.5%	38%	41.9%	38.4%	37.9%	35%	35.7%	31.4%	30.2%	33.9%	33.3%
ROA	15.5%	14.3%	20.6%	18.5%	16.7%	16.3%	15.5%	15.1%	15.5%	19.1%	15.4%
ROIC	33.5%	30.6%	35.4%	28.6%	27.5%	30.2%	22.9%	23.9%	25.6%	30.2%	27.3%
Return on tangible assets	47.8%	36.2%	66%	61.7%	39.4%	31.4%	28.9%	27.8%	28.7%	32.9%	30.2%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	3.57	2.98	1.96	1.98	3.08	2.81	2.25	2.8	2.47	2.79	2.65
Quick ratio	3.03	2.51	1.53	1.44	2.39	2.16	1.31	1.82	1.7	2.01	1.95
Debt / equity	0.87	1.1	0.56	0.56	0.76	0.62	0.82	0.61	0.45	0.36	0.41
Debt / assets	0.36	0.42	0.27	0.27	0.34	0.29	0.35	0.29	0.23	0.21	0.23
Net debt / EBITDA	0.17	0.44	0.43	0.6	0.77	0.4	1.22	0.81	0.53	0.35	0.43
Interest coverage	43.7	29.9	18.8	32.8	32	37.1	31.7	16.2	22.3	30.5	42.7
Effective tax rate	27.7%	29.1%	13.3%	30.8%	19.6%	18.8%	19.9%	22.5%	23.9%	10.5%	22.7%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	26.6	27	29.3	30.7	29.8	35.6	38	39.6	43.6	45.8	50
EPS (basic)	3.65	3.73	4.65	4.03	4.41	5.11	4.91	4.84	5.12	6.7	6.7
EPS (diluted)	3.64	3.72	4.64	4.02	4.4	5.09	4.9	4.83	5.11	6.69	6.59
Book value per share	9.8	9.89	11.2	10.5	11.7	14.6	13.8	15.5	17	19.8	20.7
FCF per share	4.25	2.51	3.75	3.59	3.9	5.09	-0.42	6.74	6.48	6.16	5.9
Cash per share	7.57	8.32	3.52	1.97	4.12	6.28	2.77	3.55	3.45	4.29	4.41
Capex per share	0.28	1.4	0.85	0.93	1.38	1.06	0.56	0.46	0.26	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	1.06%	5.18%	2.91%	3.05%	4.64%	2.96%	1.48%	1.16%	0.6%	—	—
Capex / operating cash flow	6.97%	31.9%	18.2%	18.7%	25.8%	19.6%	53.9%	6.6%	4.34%	—	—
Payout ratio	45%	50.6%	45.4%	58.8%	59.4%	54.4%	62.4%	67.6%	67.8%	55.2%	59.6%
Dividend yield	1.4%	1.75%	1.2%	1.31%	1.29%	1.16%	1.62%	1.53%	1.32%	1.72%	2%

Yield

trailing twelve months

Frequency

Quarterly

Last dividend

$1.02

ex-dividend Jul 17, 2026

Payout ratio

60%

of earnings

Dividend growth

10 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 17, 2026	$1.02
Apr 17, 2026	$1.02
Jan 16, 2026	$1.02

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Revenue	$140.5M	$140.4M	$139.1M	$155M	$156M	$153.5M	$146.1M	$156.9M	$163.5M	$154.4M	$161.7M	$195.1M
YoY change	+7.69%	+12.4%	+6.85%	+9.4%	+11.1%	+9.31%	+5.03%	+1.21%	+4.8%	+0.6%	+10.7%	+24.3%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	108.5M	117.2M	49.1M	27.2M	56.5M	86M	37.8M	48.1M	46.7M	58.1M
Receivables	64.7M	64.3M	69M	72.9M	80.7M	89.6M	89.9M	98M	117.5M	120.6M
Inventory	31.8M	35.3M	36.5M	40.7M	41.3M	55.8M	104.1M	86.5M	79.1M	79.9M
Total current assets	209.5M	224.9M	168M	148M	185.2M	241.2M	249.6M	248.5M	255.4M	285M
Property, plant & equipment	7.3M	12.5M	19.3M	27.7M	40.7M	49.3M	45.6M	47.1M	46.2M	44.2M
Goodwill & intangibles	229.7M	223.7M	218.3M	212M	208.7M	206.2M	201.5M	200.3M	206.4M	199.1M
Total assets	339.7M	369.7M	317.1M	302.7M	362.6M	430.2M	434.3M	438M	449M	475.8M
Accounts payable	18.7M	20.9M	19.1M	18.7M	21.7M	33.5M	32.9M	30.8M	36M	38M
Short-term debt	—	20M	23.6M	21.2M	2.6M	2.7M	40.9M	12.9M	11M	3.1M
Total current liabilities	58.7M	75.4M	85.9M	74.6M	60.1M	85.9M	110.8M	88.8M	103.5M	102.3M
Long-term debt	122M	134M	62.8M	60.2M	119.6M	122M	113.1M	115.6M	91.9M	94.6M
Total liabilities	199.3M	230.3M	161.6M	157.2M	202.3M	229.8M	245.7M	227.8M	218.5M	207.7M
Shareholders' equity	140.4M	139.4M	155.5M	145.5M	160.3M	200.4M	188.6M	210.2M	230.5M	268.2M
Total debt	122M	154M	86.4M	81.4M	122.3M	124.7M	154M	128.5M	102.8M	97.7M
Net debt	71.1M	116.9M	37.5M	54.2M	65.8M	38.7M	116.2M	80.4M	56.1M	39.6M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Cash & short-term investments	48.1M	50.3M	55.4M	45.3M	46.7M	54.9M	53M	51.7M	58.1M	48.6M	50.3M	59.1M
Receivables	98M	95.1M	104.8M	116.4M	117.5M	111.4M	110.8M	112.4M	120.6M	112.5M	121.2M	150.1M
Inventory	86.5M	81.6M	78M	76.6M	79.1M	74.9M	80.5M	77.2M	79.9M	84M	85.5M	80.9M
Total current assets	248.5M	237.7M	250.5M	248.8M	255.4M	262.8M	272.4M	266.5M	285M	270.7M	284.4M	304.7M
Property, plant & equipment	47.1M	49.5M	47.9M	47.6M	46.2M	42.4M	43M	44.5M	44.2M	42.2M	41.7M	45.1M
Goodwill & intangibles	200.3M	199.9M	199.3M	207.2M	206.4M	197.7M	197.7M	198.6M	199.1M	199M	199.5M	204.4M
Total assets	438M	430.6M	442M	443.6M	449M	447.3M	458.3M	456M	475.8M	459.7M	473.7M	499.8M
Accounts payable	30.8M	28.4M	32.4M	32.4M	36M	32.2M	34M	27.8M	38M	28.1M	32.5M	35.7M
Short-term debt	12.9M	26.5M	31.7M	24.3M	11M	25.6M	33M	12.4M	3.1M	7.8M	17.6M	18.8M
Total current liabilities	88.8M	98.8M	110.4M	105.2M	103.5M	107.5M	113.5M	93.7M	102.3M	91.3M	100.6M	114.8M
Long-term debt	115.6M	92M	91.4M	91.5M	91.9M	89.8M	91.3M	94M	94.6M	93.3M	93.5M	95.6M
Total liabilities	227.8M	214.7M	225.7M	221.4M	218.5M	221M	216.1M	198.9M	207.7M	195.6M	204.8M	221.1M
Shareholders' equity	210.2M	215.9M	216.3M	222.2M	230.5M	226.3M	242.1M	257.1M	268.2M	264.1M	269M	278.7M
Total debt	128.5M	118.5M	123.1M	115.9M	102.8M	115.4M	124.3M	106.3M	97.7M	101.1M	111.1M	114.4M
Net debt	80.4M	68.1M	67.6M	70.6M	56.1M	60.5M	71.3M	54.7M	39.6M	52.5M	60.7M	55.3M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	52.6M	52.9M	65.2M	55.9M	60.7M	70.2M	67.3M	66M	69.6M	91M
Depreciation & amortization	6.5M	6.8M	7.8M	7.6M	7.7M	7M	8.3M	8.2M	9.5M	8.2M
Stock-based compensation	3.7M	4.1M	4.2M	4.4M	5.4M	9.6M	6.7M	6.4M	6.5M	7.3M
Change in working capital	-2.4M	-3.6M	-4.7M	1.1M	171K	-11.7M	-68.9M	14.5M	-4.3M	-12.4M
Operating cash flow	58.1M	61.8M	65.3M	69M	73.4M	73.8M	14.3M	94.1M	81.4M	87.9M
Capital expenditure	-4.1M	-19.7M	-11.9M	-12.9M	-18.9M	-14.5M	-7.7M	-6.2M	-3.5M	—
Investing cash flow	-20.9M	-42.3M	71.4M	-12.7M	-18.9M	-14.5M	-7.7M	-6.2M	-9.7M	1.7M
Dividends paid	-23.7M	-26.8M	-29.6M	-32.9M	-36M	-38.2M	-42M	-44.6M	-47.2M	-50.3M
Share repurchases	-32.1M	-31.1M	-22.6M	-29.6M	-16.8M	0	-29.2M	-10.4M	-8.1M	-12.3M
Financing cash flow	-43.2M	-26.8M	-121.4M	-69M	-26.7M	-40.7M	383K	-85M	-83.9M	-74.1M
Net change in cash	-6M	-7.3M	15.3M	-12.7M	27.8M	18.6M	7M	2.9M	-12.2M	15.5M
Free cash flow	60.9M	35.4M	52.3M	49.6M	53.4M	69.7M	-5.7M	91.5M	87.8M	83.4M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26	Q3 26
Net income	16.6M	17.5M	15.5M	19.8M	16.8M	18.9M	29.9M	21M	21.2M	17.5M	20.3M	30.2M
Depreciation & amortization	2.2M	2.3M	2.4M	2.5M	2.3M	2.1M	2M	2M	2.1M	2.1M	2.4M	3.4M
Stock-based compensation	641K	2.3M	1.9M	914K	1.5M	1.5M	2.6M	1.6M	1.6M	1.7M	2.9M	1.5M
Change in working capital	20.4M	4.1M	-1.5M	-7.6M	762K	-4.4M	-11.3M	1.1M	2.2M	-7.7M	-7.8M	-12.9M
Operating cash flow	38.9M	26.8M	18.6M	15.9M	20.2M	19M	11.4M	25.8M	29.9M	10M	14.3M	30.5M
Capital expenditure	-2M	-671K	-1.1M	-1.2M	-632K	-567K	-1.2M	-1M	—	—	—	—
Investing cash flow	-2M	-671K	-1.1M	-1.2M	-632K	-567K	-1.2M	-1M	1.7M	—	—	—
Dividends paid	-11.3M	-11.3M	-12M	-12M	-12M	-12M	-12.8M	-12.8M	-12.8M	-12.8M	-13.8M	-13.8M
Share repurchases	-3M	-2.4M	-2.9M	-2.8M	0	-3.6M	-3.1M	-3M	-2.6M	-7.8M	-8M	-6.7M
Financing cash flow	-2.7M	-24.5M	-11.1M	-34.1M	-14.2M	-4.1M	-8.5M	-36.7M	-15.3M	-18.7M	-21.8M	-20.7M
Net change in cash	34.3M	1.6M	6.5M	-19.5M	5.3M	14.3M	1.7M	-11.9M	16.3M	-8.7M	-7.5M	9.8M
Free cash flow	40.6M	26.1M	16.7M	18.7M	26.4M	14.2M	6.6M	34M	28.6M	9.1M	12.5M	29.3M

Date	Ratio
Aug 1, 1997	2:1
May 2, 1983	3:1
Oct 3, 1978	2:1

WD-40 Company Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history