WDFCNasdaqMiscellaneous Chemical ProductsFiscal year ends August 31
WD 40 CO
Financials through Q3 FY2026, quarter ended May 31, 2026Last filing: 10-Q on Jul 9, 2026
$201.36+1.27 (+0.63%)
Close on Oct 19, 2026
- Market cap
- $2.71B
- P/E (TTM)
- 30.6
- Dividend yield
- 1.84%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
55.1%+0.5 pts over 5 years
Operating margin
16.7%−2.2 pts over 5 years
Net margin
14.7%−0.2 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +5.0% | +6.1% | +8.7% | +5.1% | |
| Gross profit | +8.3% | +10.2% | +8.9% | +5.5% | |
| Operating income | +7.7% | +5.9% | +6.1% | +4.7% | |
| Net income | +30.7% | +10.6% | +8.4% | +7.3% | |
| EPS, diluted | +30.9% | +10.9% | +8.7% | +8.2% | |
| Free cash flow | -5.0% | – | +9.3% | +5.4% | |
| Dividend per share | +6.6% | +6.5% | +7.1% | +9.6% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 35.3% | 39.7% | 36.5% | |
| Return on assets | 15.5% | 18.3% | 19.7% | |
| Current ratio | 3.57 | 3.08 | 2.79 | |
| Debt to equity | – | 0.71 | 0.32 | |
| Net debt to EBITDA | – | 0.68× | 0.26× | |
| Interest coverage | 41.9× | 31.7× | 30.2× | |
| Inventory turnover | 5.2× | 4.5× | 3.5× | |
| Capex to revenue | 1.1% | 4.7% | 0.7% | |
| Diluted shares | 14M | 14M | 14M |
Where the cash went
Fiscal 2021 to 2025, five years combined
WD 40 generated $365.67M from operations and spent $321.22M on capital expenditure, dividends and share buybacks. 12% of that went back into the business.
Generated
$365.67M
Used
$321.22M
Capital expenditure$38.97M12%Dividends$222.26M69%Share buybacks$60.00M19%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin14.7%
×Asset turnover1.34×
×Equity multiplier1.85×
=Return on equity, FY202536.5%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 14.7% | 1.34× | 1.85× | 36.5% |
| FY2024 | 11.8% | 1.33× | 2.01× | 31.6% |
| FY2023 | 12.3% | 1.23× | 2.19× | 33.1% |
| FY2022 | 13.0% | 1.20× | 2.22× | 34.6% |
| FY2021 | 14.4% | 1.23× | 2.20× | 38.9% |
| FY2020 | 14.9% | 1.23× | 2.18× | 39.7% |
| FY2019 | 13.2% | 1.37× | 2.06× | 37.2% |
| FY2018 | 16.0% | 1.19× | 2.33× | 44.2% |
| FY2017 | 13.9% | 1.07× | 2.54× | 37.8% |
| FY2016 | 13.8% | 1.12× | 2.28× | 35.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
8of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$90.99M
- Cash generatingOperating cash flow above zero$87.93M
- Return on assets improvedROA up on the prior year15.9% → 20.3%
- Earnings backed by cashOperating cash flow above net income$87.93M vs $90.99M
- Less leverageLong-term debt to assets fell19.1% → 18.1%
- Better liquidityCurrent ratio rose2.47 → 2.79
- No dilutionShare count did not rise14M → 14M
- Gross margin improvedGross margin up on the prior year53.38% → 55.06%
- More efficientAsset turnover rose1.35 → 1.38