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WD-40 (WDFC) Financials

WD-40 logo
$199.84 -1.89 (-0.94%)
Closing price 04:00 PM Eastern
Extended Trading
$199.88 +0.04 (+0.02%)
As of 04:10 PM Eastern
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Annual Income Statements for WD-40

Annual Income Statements for WD-40

This table shows WD-40's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 8/31/2019 8/31/2020 8/31/2021 8/31/2022 8/31/2023 8/31/2024 8/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 45 53 53 65 56 61 70 67 66 70 91
Consolidated Net Income / (Loss)		 45 53 53 65 56 61 70 67 66 70 91
Net Income / (Loss) Continuing Operations		 45 53 53 65 56 61 70 67 66 70 91
Total Pre-Tax Income 		63 73 75 75 81 76 86 84 85 92 102
Total Operating Income		 65 71 76 79 82 77 89 87 90 96 104
Total Gross Profit		 200 214 214 225 232 223 264 255 274 315 341
Total Revenue		 378 381 381 409 423 408 488 519 537 591 620
Operating Revenue		 378 381 381 409 423 408 488 519 537 591 620
Total Cost of Revenue		 178 166 167 183 191 185 224 264 263 275 279
Operating Cost of Revenue		 178 166 167 183 191 185 224 264 263 275 279
Total Operating Expenses		 135 143 138 147 150 146 175 167 184 219 238
Selling, General & Admin Expense		 109 118 115 121 124 122 145 139 155 184 200
Marketing Expense		 23 22 21 22 23 22 28 27 29 34 37
Amortization Expense		 3.04 2.98 2.88 2.95 2.71 2.21 1.45 1.43 1.01 1.11 0.18
Total Other Income / (Expense), net		 -2.28 1.44 -1.29 -3.43 -1.61 -1.71 -2.34 -3.22 -4.56 -4.84 -2.17
Interest Expense		 1.21 1.70 2.58 4.22 2.54 2.44 2.40 2.74 5.61 4.29 3.44
Interest & Investment Income		 0.58 0.68 0.51 0.45 0.16 0.09 0.08 0.10 0.23 0.47 0.52
Other Income / (Expense), net		 -1.66 2.46 0.79 0.34 0.77 0.64 -0.03 -0.58 0.82 -1.03 0.76
Income Tax Expense		 18 20 22 9.96 25 15 16 17 19 22 11
Basic Earnings per Share		 $3.05 $3.65 $3.73 $4.65 $4.03 $4.41 $5.11 $4.91 $4.84 $5.12 $6.70
Weighted Average Basic Shares Outstanding		 14.58M 14.33M 14.09M 13.93M 13.80M 13.69M 13.70M 13.67M 13.58M 13.55M 13.54M
Diluted Earnings per Share		 $3.04 $3.64 $3.72 $4.64 $4.02 $4.40 $5.09 $4.90 $4.83 $5.11 $6.69
Weighted Average Diluted Shares Outstanding		 14.65M 14.38M 14.12M 13.96M 13.83M 13.72M 13.73M 13.70M 13.60M 13.58M 13.57M
Weighted Average Basic & Diluted Shares Outstanding		 14.70M 14.40M 14.20M 14M 13.70M 13.66M 13.71M 13.58M 13.56M 13.54M 13.53M
Cash Dividends to Common per Share		 $1.48 $1.64 $1.89 $2.11 $2.37 $2.62 $2.78 $3.06 $3.27 $3.47 $3.70

Quarterly Income Statements for WD-40

This table shows WD-40's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 17 16 20 17 19 30 21 21 17 20 30
Consolidated Net Income / (Loss)		 17 16 20 17 19 30 21 21 17 20 30
Net Income / (Loss) Continuing Operations		 17 16 20 17 19 30 21 21 17 20 30
Total Pre-Tax Income 		23 20 26 23 24 22 27 27 23 26 40
Total Operating Income		 24 21 27 24 25 23 27 28 23 26 40
Total Gross Profit		 76 73 82 84 84 80 88 89 87 90 110
Total Revenue		 140 139 155 156 153 146 157 163 154 162 195
Operating Revenue		 140 139 155 156 153 146 157 163 154 162 195
Total Cost of Revenue		 65 66 73 72 69 66 69 74 68 72 85
Operating Cost of Revenue		 65 66 73 72 69 66 69 74 68 72 85
Total Operating Expenses		 51 52 55 60 59 56 61 61 64 64 70
Selling, General & Admin Expense		 44 45 46 49 51 49 52 49 55 55 57
Marketing Expense		 6.98 6.73 9.35 11 8.39 7.40 9.16 12 8.19 8.82 12
Amortization Expense		 0.25 0.25 0.30 0.55 0.05 0.04 0.05 0.05 0.05 0.05 1.46
Total Other Income / (Expense), net		 -1.11 -1.14 -1.33 -1.27 -0.87 -0.84 0.10 -0.56 -0.67 -0.43 -0.77
Interest Expense		 1.15 1.01 1.18 0.95 0.87 1.02 0.89 0.66 0.65 0.67 0.79
Interest & Investment Income		 0.07 0.07 0.14 0.20 0.15 0.11 0.10 0.16 0.18 0.15 0.16
Other Income / (Expense), net		 -0.04 -0.19 -0.28 -0.51 -0.14 0.07 0.88 -0.06 -0.20 0.08 -0.13
Income Tax Expense		 5.59 4.27 6.01 6.00 5.33 -7.41 6.49 6.23 5.14 5.54 9.36
Basic Earnings per Share		 $1.28 $1.14 $1.46 $1.24 $1.39 $2.20 $1.54 $1.57 $1.29 $1.50 $2.24
Weighted Average Basic Shares Outstanding		 13.56M 13.56M 13.55M 13.55M 13.55M 13.55M 13.54M 13.54M 13.52M 13.48M 13.45M
Diluted Earnings per Share		 $1.28 $1.14 $1.46 $1.23 $1.39 $2.19 $1.54 $1.57 $1.28 $1.50 $2.24
Weighted Average Diluted Shares Outstanding		 13.58M 13.58M 13.58M 13.58M 13.57M 13.57M 13.57M 13.57M 13.55M 13.51M 13.48M
Weighted Average Basic & Diluted Shares Outstanding		 13.56M 13.55M 13.55M 13.54M 13.55M 13.55M 13.53M 13.53M 13.49M 13.46M 13.42M
Cash Dividends to Common per Share		 $0.83 $0.88 $0.88 - $0.88 $0.94 $0.94 - $0.94 $1.02 $1.02

Annual Cash Flow Statements for WD-40

This table details how cash moves in and out of WD-40's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 8/31/2019 8/31/2020 8/31/2021 8/31/2022 8/31/2023 8/31/2024 8/31/2025
Net Change in Cash & Equivalents		 -3.91 -3.01 -14 12 -22 29 29 -48 10 -1.44 11
Net Cash From Operating Activities		 55 65 56 65 63 73 85 2.60 98 92 88
Net Cash From Continuing Operating Activities		 55 65 56 65 63 72 85 2.60 98 92 88
Net Income / (Loss) Continuing Operations		 45 53 53 65 56 61 70 67 66 70 91
Consolidated Net Income / (Loss)		 45 53 53 65 56 61 70 67 66 70 91
Depreciation Expense		 6.46 6.47 6.77 7.80 7.59 7.70 7.02 8.29 8.15 9.46 8.19
Amortization Expense		 - - - - - - - 0.30 0.27 1.22 1.69
Non-Cash Adjustments To Reconcile Net Income		 3.89 2.65 4.25 3.85 5.07 5.63 9.81 8.13 5.80 8.21 9.98
Changes in Operating Assets and Liabilities, net		 -0.10 3.56 -8.38 -12 -5.72 -2.03 -2.34 -81 18 3.50 -23
Net Cash From Investing Activities		 -17 -21 -42 71 -13 -19 -14 -7.69 -6.22 -9.74 -2.39
Net Cash From Continuing Investing Activities		 -17 -21 -42 71 -13 -19 -14 -7.69 -6.22 -9.74 -2.39
Purchase of Property, Plant & Equipment		 -5.78 -4.35 -20 -12 -13 -19 -15 -8.30 -6.87 -4.21 -4.53
Acquisitions		 -4.12 0.00 0.00 -0.18 - - - 0.00 0.00 -6.20 0.00
Sale of Property, Plant & Equipment		 0.33 0.30 0.43 0.46 0.38 0.36 0.60 0.61 0.66 0.67 0.41
Divestitures		 - - - - - - - - 0.00 0.00 1.73
Net Cash From Financing Activities		 -39 -43 -27 -121 -69 -27 -41 -38 -85 -84 -74
Net Cash From Continuing Financing Activities		 -39 -43 -27 -121 -69 -27 -41 -38 -85 -84 -74
Repayment of Debt		 - 14 32 -88 -3.71 -0.80 -51 -0.80 -0.80 -0.80 -0.80
Repurchase of Common Equity		 -30 -32 -31 -23 -30 -17 0.00 -29 -10 -8.09 -12
Payment of Dividends		 -22 -24 -27 -30 -33 -36 -38 -42 -45 -47 -50
Issuance of Debt		 10 0.00 0.00 20 0.00 30 52 38 -28 -25 -7.86
Other Financing Activities, net		 1.21 -2.63 -1.70 -1.82 -2.78 -2.64 -3.67 -4.46 -0.86 -2.44 -2.88
Other Net Changes in Cash		 - - - - - - - - 3.17 0.19 0.01
Cash Interest Paid		 1.17 1.57 2.63 4.29 2.20 2.26 2.32 2.69 5.52 4.46 3.52
Cash Income Taxes Paid		 15 16 22 10 17 13 19 18 13 20 26

Quarterly Cash Flow Statements for WD-40

This table details how cash moves in and out of WD-40's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
Net Change in Cash & Equivalents		 2.17 5.13 -10 1.40 8.22 -1.92 -1.31 6.45 -9.55 1.77 8.79
Net Cash From Operating Activities		 27 18 20 27 15 7.98 35 30 9.99 14 31
Net Cash From Continuing Operating Activities		 27 18 20 27 15 7.98 35 30 9.99 14 31
Net Income / (Loss) Continuing Operations		 17 16 20 17 19 30 21 21 17 20 30
Consolidated Net Income / (Loss)		 17 16 20 17 19 30 21 21 17 20 30
Depreciation Expense		 2.26 2.42 2.50 2.27 2.08 1.99 2.04 2.09 2.10 2.37 3.43
Amortization Expense		 0.06 - 0.34 0.57 0.42 0.42 0.43 0.42 0.41 0.50 0.41
Non-Cash Adjustments To Reconcile Net Income		 3.38 2.09 1.22 1.52 2.39 2.58 2.72 2.28 2.11 3.43 1.69
Changes in Operating Assets and Liabilities, net		 3.74 -2.38 -3.97 6.07 -8.88 -27 8.91 3.91 -12 -12 -5.20
Net Cash From Investing Activities		 -0.67 -1.07 -7.36 -0.63 -0.57 -1.23 -1.05 0.46 -0.74 -1.60 -1.04
Net Cash From Continuing Investing Activities		 -0.67 -1.07 -7.36 -0.63 -0.57 -1.23 -1.05 0.46 -0.74 -1.60 -1.04
Purchase of Property, Plant & Equipment		 -0.79 -1.31 -1.27 -0.85 -0.69 -1.37 -1.12 -1.35 -0.94 -1.78 -1.21
Sale of Property, Plant & Equipment		 0.12 0.23 0.11 0.22 0.12 0.13 0.07 0.08 0.20 0.17 0.18
Net Cash From Financing Activities		 -25 -11 -23 -26 -4.10 -8.54 -37 -25 -19 -12 -21
Net Cash From Continuing Financing Activities		 -25 -11 -23 -26 -4.10 -8.54 -37 -25 -19 -12 -21
Repayment of Debt		 -0.40 - -12 12 -0.40 - -0.40 - -0.40 - -0.40
Repurchase of Common Equity		 -2.41 -2.91 -2.78 - -3.63 -3.07 -3.04 -2.58 -7.85 -7.99 -6.71
Payment of Dividends		 -11 -12 -12 -12 -12 -13 -13 -13 -13 -14 -14
Issuance of Debt		 -9.71 5.54 - - 15 7.32 -20 -9.46 4.54 9.82 0.18
Other Net Changes in Cash		 0.43 -0.69 - - -2.05 -0.13 1.35 0.84 -0.10 1.03 -0.02

Annual Balance Sheets for WD-40

This table presents WD-40's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 8/31/2019 8/31/2020 8/31/2021 8/31/2022 8/31/2023 8/31/2024 8/31/2025
Total Assets		 339 340 370 317 303 363 430 434 438 449 476
Total Current Assets		 205 209 225 168 148 185 241 250 249 255 285
Cash & Equivalents		 54 51 37 49 27 56 86 38 48 47 58
Accounts Receivable		 59 65 64 69 73 81 90 90 98 117 121
Inventories, net		 32 32 35 37 41 41 56 104 87 79 80
Other Current Assets		 6.13 4.48 8.01 13 7.22 6.76 9.95 18 16 12 26
Plant, Property, & Equipment, net		 11 12 29 36 45 61 70 66 67 63 60
Total Noncurrent Assets		 123 119 115 112 110 117 119 119 123 131 130
Goodwill		 96 96 96 96 95 96 96 95 96 97 97
Intangible Assets		 23 19 16 14 11 8.63 7.24 5.59 4.67 6.22 2.42
Noncurrent Deferred & Refundable Income Taxes		 0.00 0.62 - - 0.40 0.46 0.86 0.68 1.20 0.99 1.03
Other Noncurrent Operating Assets		 3.26 3.19 3.09 3.07 3.19 12 15 17 21 26 30
Total Liabilities & Shareholders' Equity		 339 340 370 317 303 363 430 434 438 449 476
Total Liabilities		 181 199 230 162 157 202 230 246 228 219 208
Total Current Liabilities		 48 59 75 86 75 60 86 111 89 104 102
Short-Term Debt		 - 0.00 20 24 21 0.80 0.80 39 11 8.66 0.80
Accounts Payable		 17 19 21 19 19 22 33 33 31 36 38
Accrued Expenses		 15 16 19 26 19 22 26 27 30 31 34
Current Deferred & Payable Income Tax Liabilities		 2.29 3.38 1.31 2.13 0.84 1.21 0.32 0.05 0.49 1.55 0.86
Current Employee Benefit Liabilities		 13 21 14 15 15 15 26 12 17 26 28
Total Noncurrent Liabilities		 133 141 155 76 83 142 144 135 139 115 105
Long-Term Debt		 108 122 134 63 60 113 115 107 110 86 86
Noncurrent Deferred & Payable Income Tax Liabilities		 23 16 19 11 12 11 10 11 10 9.07 9.38
Other Noncurrent Operating Liabilities		 2.28 2.21 1.96 1.82 11 18 19 17 19 20 9.83
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 158 140 139 155 145 160 200 189 210 231 268
Total Preferred & Common Equity		 158 140 139 155 145 160 200 189 210 231 268
Total Common Equity		 158 140 139 155 145 160 200 189 210 231 268
Common Stock		 142 146 151 153 155 158 164 166 172 176 180
Retained Earnings		 261 290 316 351 374 399 431 456 477 500 541
Accumulated Other Comprehensive Income / (Loss)		 -8.72 -27 -28 -28 -32 -28 -26 -36 -31 -29 -24
Other Equity Adjustments		 - - - - - - - - -408 -416 -428

Quarterly Balance Sheets for WD-40

This table presents WD-40's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 2/28/2023 5/31/2023 11/30/2023 2/29/2024 5/31/2024 11/30/2024 2/28/2025 5/31/2025 11/30/2025 2/28/2026 5/31/2026
Total Assets		 450 438 431 442 444 447 458 456 460 474 500
Total Current Assets		 263 250 238 251 249 263 272 266 271 284 305
Cash & Equivalents		 38 38 50 55 45 55 53 52 49 50 59
Accounts Receivable		 100 101 95 105 116 111 111 112 112 121 150
Inventories, net		 109 95 82 78 77 75 81 77 84 86 81
Other Current Assets		 16 16 11 12 10 22 28 25 26 27 15
Plant, Property, & Equipment, net		 66 67 66 65 64 59 59 60 59 59 58
Total Noncurrent Assets		 121 122 127 127 131 125 127 129 130 130 137
Goodwill		 95 95 96 95 97 97 96 97 97 97 98
Intangible Assets		 5.11 4.90 4.42 4.17 6.68 2.29 2.35 2.36 2.39 2.45 3.84
Noncurrent Deferred & Refundable Income Taxes		 0.65 0.65 1.19 1.19 1.20 0.95 0.97 1.07 1.21 1.27 1.28
Other Noncurrent Operating Assets		 20 21 26 26 26 25 27 29 30 29 33
Total Liabilities & Shareholders' Equity		 450 438 431 442 444 447 458 456 460 474 500
Total Liabilities		 253 232 215 226 221 221 216 199 196 205 221
Total Current Liabilities		 117 95 99 110 105 108 113 94 91 101 115
Short-Term Debt		 47 27 24 30 22 23 31 10 5.34 15 15
Accounts Payable		 29 27 28 32 32 32 34 28 28 33 36
Accrued Expenses		 28 27 28 32 30 29 31 29 29 33 34
Current Deferred & Payable Income Tax Liabilities		 0.25 0.91 2.36 1.66 2.11 2.15 1.10 0.60 4.74 0.24 2.38
Current Employee Benefit Liabilities		 12 13 16 15 19 21 17 26 24 20 27
Total Noncurrent Liabilities		 136 137 116 115 116 114 103 105 104 104 106
Long-Term Debt		 108 109 86 86 85 85 84 86 86 86 85
Noncurrent Deferred & Payable Income Tax Liabilities		 10 11 11 11 11 9.23 9.99 9.77 9.55 9.18 8.87
Other Noncurrent Operating Liabilities		 18 17 19 18 20 20 8.24 9.84 9.12 8.92 12
Commitments & Contingencies		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Equity & Noncontrolling Interests		 197 206 216 216 222 226 242 257 264 269 279
Total Preferred & Common Equity		 197 206 216 216 222 226 242 257 264 269 279
Total Common Equity		 197 206 216 216 222 226 242 257 264 269 279
Common Stock		 170 171 173 173 174 174 177 178 180 182 184
Retained Earnings		 465 472 484 487 495 507 524 532 545 552 568
Treasury Stock		 -403 -405 -410 -413 -416 -419 -422 -426 -436 -444 -451
Accumulated Other Comprehensive Income / (Loss)		 -35 -33 -31 -31 -31 -35 -36 -28 -25 -21 -23

Annual Metrics And Ratios for WD-40

This table displays calculated financial ratios and metrics derived from WD-40's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025
Period end date 8/31/2015 8/31/2016 8/31/2017 8/31/2018 8/31/2019 8/31/2020 8/31/2021 8/31/2022 8/31/2023 8/31/2024 8/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -1.27% 0.67% -0.04% 7.36% 3.63% -3.51% 19.49% 6.29% 3.55% 9.92% 4.98%
EBITDA Growth		 1.40% 14.36% 3.98% 3.93% 4.62% -5.72% 12.00% -0.52% 3.81% 7.10% 7.95%
EBIT Growth		 0.58% 15.81% 3.91% 2.93% 5.34% -6.37% 14.07% -2.33% 4.38% 5.27% 9.68%
NOPAT Growth		 4.83% 11.12% 4.37% 26.64% -16.37% 8.87% 16.19% -3.08% -0.54% 5.47% 26.73%
Net Income Growth		 2.43% 17.45% 0.57% 23.21% -14.27% 8.59% 15.68% -4.13% -1.98% 5.53% 30.66%
EPS Growth		 5.92% 19.74% 2.20% 24.73% -13.36% 9.45% 15.68% -3.73% -1.43% 5.80% 30.92%
Operating Cash Flow Growth		 42.17% 18.59% -14.90% 16.65% -3.04% 15.61% 16.58% -96.93% 3,678.46% -6.46% -4.46%
Free Cash Flow Firm Growth		 52.26% 28.23% -48.30% 63.17% -2.64% -12.28% 35.72% -95.02% 2,723.78% -7.85% -3.96%
Invested Capital Growth		 -0.73% -5.81% 14.47% 9.46% 3.56% 9.06% 5.70% 29.08% -4.89% -1.46% 6.66%
Revenue Q/Q Growth		 -1.47% 1.38% -0.16% 1.51% 1.64% 0.54% 0.74% 3.01% 1.90% 2.70% 1.22%
EBITDA Q/Q Growth		 -0.93% 4.74% 0.91% 0.24% 5.60% 0.14% -12.26% 8.97% 5.04% 1.26% 3.72%
EBIT Q/Q Growth		 -1.20% 5.28% 0.73% 0.02% 6.24% 0.36% -13.13% 8.98% 5.13% 0.04% 4.43%
NOPAT Q/Q Growth		 0.40% 2.57% 3.06% 12.97% -17.94% 18.61% -12.35% 10.31% 2.22% 0.53% 4.30%
Net Income Q/Q Growth		 0.41% 5.01% 0.26% 12.54% -17.63% 19.71% -13.81% 10.46% 2.79% 0.30% 5.15%
EPS Q/Q Growth		 1.00% 5.51% 0.54% 12.90% -17.28% 19.57% -13.73% 10.61% 2.99% 0.20% 5.35%
Operating Cash Flow Q/Q Growth		 6.03% 2.20% -0.74% 4.02% 5.62% 7.91% -11.65% -90.83% 94.68% -14.48% 3.21%
Free Cash Flow Firm Q/Q Growth		 3.28% 0.96% -7.44% 17.12% 2.72% -0.73% -7.44% -86.44% 84.96% -15.62% 2.41%
Invested Capital Q/Q Growth		 -3.23% -2.99% -0.34% -0.16% -6.60% -1.82% -3.93% 5.73% -6.92% -2.20% -1.39%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 52.94% 56.31% 56.21% 55.14% 54.88% 54.59% 54.03% 49.10% 51.04% 53.38% 55.06%
EBITDA Margin		 18.56% 21.09% 21.94% 21.23% 21.44% 20.95% 19.63% 18.38% 18.42% 17.95% 18.46%
Operating Margin		 17.29% 18.74% 19.95% 19.24% 19.46% 18.90% 18.20% 16.83% 16.70% 16.32% 16.74%
EBIT Margin		 16.85% 19.39% 20.16% 19.32% 19.64% 19.06% 18.20% 16.72% 16.85% 16.14% 16.86%
Profit (Net Income) Margin		 11.85% 13.83% 13.91% 15.96% 13.21% 14.86% 14.39% 12.98% 12.28% 11.79% 14.68%
Tax Burden Percent		 71.00% 72.30% 70.93% 86.75% 69.22% 80.39% 81.19% 80.05% 77.49% 76.11% 89.54%
Interest Burden Percent		 99.03% 98.62% 97.30% 95.23% 97.13% 96.99% 97.39% 96.96% 94.06% 96.00% 97.20%
Effective Tax Rate		 29.00% 27.70% 29.07% 13.25% 30.78% 19.61% 18.81% 19.95% 22.51% 23.89% 10.46%
Return on Invested Capital (ROIC)		 28.32% 32.52% 32.63% 36.96% 29.06% 29.75% 32.21% 26.52% 23.99% 26.14% 32.30%
ROIC Less NNEP Spread (ROIC-NNEP)		 -471.30% 43.50% 29.00% 28.94% 26.62% 27.29% 27.85% 22.79% 20.08% 20.01% 27.25%
Return on Net Nonoperating Assets (RNNOA)		 -0.93% 2.77% 5.21% 7.27% 8.09% 9.96% 6.73% 8.10% 9.11% 5.47% 4.20%
Return on Equity (ROE)		 27.38% 35.29% 37.84% 44.23% 37.15% 39.71% 38.94% 34.62% 33.10% 31.61% 36.49%
Cash Return on Invested Capital (CROIC)		 29.05% 38.50% 19.14% 27.93% 25.56% 21.08% 26.67% 1.13% 29.00% 27.61% 25.85%
Operating Return on Assets (OROA)		 18.56% 21.74% 21.62% 22.99% 26.84% 23.41% 22.40% 20.07% 20.76% 21.49% 22.61%
Return on Assets (ROA)		 13.05% 15.50% 14.92% 18.99% 18.04% 18.25% 17.72% 15.58% 15.13% 15.70% 19.68%
Return on Common Equity (ROCE)		 27.38% 35.29% 37.84% 44.23% 37.15% 39.71% 38.94% 34.62% 33.10% 31.61% 36.49%
Return on Equity Simple (ROE_SIMPLE)		 28.38% 37.49% 37.97% 41.94% 38.43% 37.87% 35.05% 35.69% 31.40% 30.21% 0.00%
Net Operating Profit after Tax (NOPAT)		 46 52 54 68 57 62 72 70 70 73 93
NOPAT Margin		 12.28% 13.55% 14.15% 16.69% 13.47% 15.20% 14.78% 13.47% 12.94% 12.42% 14.99%
Net Nonoperating Expense Percent (NNEP)		 499.62% -10.98% 3.63% 8.03% 2.44% 2.46% 4.36% 3.73% 3.91% 6.13% 5.05%
Return On Investment Capital (ROIC_SIMPLE)		 - - - - - - - - - - 26.17%
Cost of Revenue to Revenue		 47.06% 43.69% 43.79% 44.86% 45.12% 45.41% 45.97% 50.90% 48.96% 46.62% 44.94%
SG&A Expenses to Revenue		 28.79% 30.94% 30.11% 29.72% 29.28% 29.86% 29.81% 26.73% 28.79% 31.13% 32.25%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 35.64% 37.57% 36.26% 35.90% 35.42% 35.69% 35.83% 32.27% 34.34% 37.06% 38.32%
Earnings before Interest and Taxes (EBIT)		 64 74 77 79 83 78 89 87 91 95 105
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 70 80 83 87 91 86 96 95 99 106 114
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 6.70 10.63 9.88 14.51 15.99 16.42 15.63 13.19 13.62 15.40 10.85
Price to Tangible Book Value (P/TBV)		 27.49 58.41 50.00 48.67 58.92 47.06 32.20 28.31 26.02 27.88 17.26
Price to Revenue (P/Rev)		 2.80 3.92 3.62 5.52 5.49 6.45 6.42 4.79 5.33 6.01 4.69
Price to Earnings (P/E)		 23.61 28.36 26.02 34.59 41.60 43.37 44.60 36.94 43.38 50.96 31.98
Dividend Yield		 2.03% 1.56% 1.92% 1.30% 1.40% 1.36% 1.22% 1.68% 1.55% 1.32% 1.72%
Earnings Yield		 4.24% 3.53% 3.84% 2.89% 2.40% 2.31% 2.24% 2.71% 2.31% 1.96% 3.13%
Enterprise Value to Invested Capital (EV/IC)		 6.51 9.79 8.03 11.89 11.92 12.36 13.74 8.74 10.39 12.92 9.89
Enterprise Value to Revenue (EV/Rev)		 2.81 3.96 3.72 5.61 5.62 6.59 6.48 5.00 5.46 6.09 4.74
Enterprise Value to EBITDA (EV/EBITDA)		 15.15 18.76 16.94 26.44 26.23 31.44 33.00 27.23 29.66 33.94 25.68
Enterprise Value to EBIT (EV/EBIT)		 16.69 20.41 18.44 29.05 28.62 34.55 35.60 29.92 32.41 37.74 28.11
Enterprise Value to NOPAT (EV/NOPAT)		 22.91 29.20 26.26 33.63 41.74 43.34 43.84 37.13 42.21 49.05 31.62
Enterprise Value to Operating Cash Flow (EV/OCF)		 19.31 23.06 25.45 35.38 37.87 37.02 37.33 996.80 29.83 39.09 33.42
Enterprise Value to Free Cash Flow (EV/FCFF)		 22.33 24.66 44.78 44.51 47.45 61.14 52.95 872.13 34.92 46.45 39.51
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.68 0.87 1.10 0.56 0.56 0.71 0.58 0.78 0.57 0.41 0.32
Long-Term Debt to Equity		 0.68 0.87 0.96 0.40 0.41 0.71 0.57 0.57 0.52 0.37 0.32
Financial Leverage		 0.00 0.06 0.18 0.25 0.30 0.37 0.24 0.36 0.45 0.27 0.15
Leverage Ratio		 2.10 2.28 2.54 2.33 2.06 2.18 2.20 2.22 2.19 2.01 1.85
Compound Leverage Factor		 2.08 2.24 2.47 2.22 2.00 2.11 2.14 2.15 2.06 1.93 1.80
Debt to Total Capital		 40.62% 46.49% 52.49% 35.72% 35.89% 41.54% 36.61% 43.68% 36.45% 29.10% 24.50%
Short-Term Debt to Total Capital		 0.00% 0.00% 6.82% 9.76% 9.35% 0.29% 0.25% 11.70% 3.27% 2.66% 0.23%
Long-Term Debt to Total Capital		 40.62% 46.49% 45.67% 25.96% 26.54% 41.24% 36.36% 31.99% 33.18% 26.44% 24.27%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 59.38% 53.51% 47.51% 64.28% 64.11% 58.46% 63.39% 56.32% 63.55% 70.90% 75.50%
Debt to EBITDA		 1.54 1.52 1.85 1.00 0.90 1.33 1.21 1.53 1.22 0.89 0.76
Net Debt to EBITDA		 0.08 0.17 0.44 0.43 0.60 0.67 0.31 1.14 0.73 0.45 0.25
Long-Term Debt to EBITDA		 1.54 1.52 1.61 0.72 0.66 1.32 1.20 1.12 1.11 0.81 0.75
Debt to NOPAT		 2.33 2.37 2.86 1.27 1.43 1.83 1.60 2.09 1.73 1.29 0.94
Net Debt to NOPAT		 0.12 0.26 0.68 0.55 0.95 0.93 0.41 1.55 1.04 0.65 0.31
Long-Term Debt to NOPAT		 2.33 2.37 2.49 0.92 1.06 1.82 1.59 1.53 1.58 1.17 0.93
Altman Z-Score		 6.87 8.06 6.98 12.35 13.20 11.60 11.83 9.78 11.41 13.73 12.49
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 4.28 3.57 2.98 1.96 1.98 3.08 2.81 2.25 2.80 2.47 2.79
Quick Ratio		 3.36 2.95 2.41 1.37 1.34 2.28 2.04 1.15 1.65 1.59 1.75
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 48 61 32 52 50 44 60 2.98 84 77 74
Operating Cash Flow to CapEx		 1,010.16% 1,611.20% 281.81% 544.81% 487.25% 383.55% 585.85% 33.86% 1,582.87% 2,604.24% 2,134.62%
Free Cash Flow to Firm to Interest Expense		 39.53 35.86 12.23 12.21 19.74 18.04 24.93 1.09 14.97 18.07 21.62
Operating Cash Flow to Interest Expense		 45.70 38.35 21.52 15.36 24.73 29.79 35.37 0.95 17.53 21.47 25.55
Operating Cash Flow Less CapEx to Interest Expense		 41.17 35.97 13.89 12.54 19.66 22.03 29.33 -1.86 16.42 20.64 24.36
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.10 1.12 1.07 1.19 1.37 1.23 1.23 1.20 1.23 1.33 1.34
Accounts Receivable Turnover		 6.18 6.17 5.90 6.13 5.97 5.32 5.73 5.78 5.72 5.48 5.21
Inventory Turnover		 5.31 5.21 4.96 5.10 4.95 4.53 4.63 3.30 2.76 3.33 3.51
Fixed Asset Turnover		 35.88 33.22 18.57 12.42 10.40 7.72 7.46 7.62 8.09 9.10 10.05
Accounts Payable Turnover		 10.12 9.29 8.42 9.16 10.10 9.18 8.13 7.96 8.26 8.25 7.54
Days Sales Outstanding (DSO)		 59.06 59.17 61.84 59.54 61.17 68.59 63.65 63.14 63.85 66.61 70.08
Days Inventory Outstanding (DIO)		 68.75 70.06 73.53 71.58 73.78 80.63 78.91 110.48 132.26 109.77 104.11
Days Payable Outstanding (DPO)		 36.05 39.31 43.36 39.85 36.16 39.75 44.88 45.86 44.18 44.27 48.41
Cash Conversion Cycle (CCC)		 91.75 89.93 92.01 91.27 98.79 109.47 97.68 127.76 151.93 132.11 125.78
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 163 154 176 193 200 218 230 297 283 278 297
Invested Capital Turnover		 2.31 2.40 2.31 2.21 2.16 1.96 2.18 1.97 1.85 2.11 2.15
Increase / (Decrease) in Invested Capital		 -1.20 -9.49 22 17 6.86 18 12 67 -15 -4.12 19
Enterprise Value (EV)		 1,063 1,506 1,414 2,293 2,380 2,690 3,162 2,596 2,935 3,597 2,939
Market Capitalization		 1,058 1,493 1,377 2,256 2,326 2,633 3,132 2,487 2,863 3,549 2,910
Book Value per Share		 $10.90 $9.86 $9.94 $11.21 $10.60 $11.73 $14.62 $13.84 $15.50 $17.01 $19.81
Tangible Book Value per Share		 $2.66 $1.80 $1.97 $3.34 $2.88 $4.09 $7.10 $6.45 $8.11 $9.40 $12.46
Total Capital		 266 262 293 242 227 274 316 335 331 325 355
Total Debt		 108 122 154 86 81 114 116 146 121 95 87
Total Long-Term Debt		 108 122 134 63 60 113 115 107 110 86 86
Net Debt		 5.50 13 37 37 54 57 30 108 72 48 29
Capital Expenditures (CapEx)		 5.45 4.05 20 12 13 19 14 7.69 6.22 3.53 4.12
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 55 42 52 57 67 69 70 140 122 114 125
Debt-free Net Working Capital (DFNWC)		 157 151 169 106 95 126 156 178 170 161 183
Net Working Capital (NWC)		 157 151 149 82 73 125 155 139 160 152 183
Net Nonoperating Expense (NNE)		 1.62 -1.04 0.91 2.97 1.12 1.37 1.90 2.58 3.53 3.69 1.94
Net Nonoperating Obligations (NNO)		 5.50 13 37 37 54 57 30 108 72 48 29
Total Depreciation and Amortization (D&A)		 6.46 6.47 6.77 7.80 7.59 7.70 7.02 8.59 8.42 11 9.88
Debt-free, Cash-free Net Working Capital to Revenue		 14.49% 11.10% 13.71% 13.85% 15.92% 16.98% 14.37% 27.01% 22.77% 19.29% 20.22%
Debt-free Net Working Capital to Revenue		 41.59% 39.61% 44.53% 25.87% 22.35% 30.81% 31.98% 34.31% 31.73% 27.19% 29.60%
Net Working Capital to Revenue		 41.59% 39.61% 39.27% 20.09% 17.34% 30.61% 31.81% 26.76% 29.72% 25.73% 29.47%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $3.05 $3.65 $3.73 $4.65 $4.03 $4.41 $5.11 $4.91 $4.84 $5.12 $6.70
Adjusted Weighted Average Basic Shares Outstanding		 14.58M 14.33M 14.09M 13.93M 13.80M 13.69M 13.70M 13.67M 13.58M 13.55M 13.54M
Adjusted Diluted Earnings per Share		 $3.04 $3.64 $3.72 $4.64 $4.02 $4.40 $5.09 $4.90 $4.83 $5.11 $6.69
Adjusted Weighted Average Diluted Shares Outstanding		 14.65M 14.38M 14.12M 13.96M 13.83M 13.72M 13.73M 13.70M 13.60M 13.58M 13.57M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 14.37M 14.18M 13.96M 13.84M 13.70M 13.66M 13.71M 13.58M 13.56M 13.54M 13.53M
Normalized Net Operating Profit after Tax (NOPAT)		 46 52 54 68 57 62 72 70 70 73 93
Normalized NOPAT Margin		 12.28% 13.55% 14.15% 16.69% 13.47% 15.20% 14.78% 13.47% 12.94% 12.42% 14.99%
Pre Tax Income Margin		 16.69% 19.12% 19.61% 18.40% 19.08% 18.49% 17.72% 16.21% 15.85% 15.50% 16.39%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 52.89 43.34 29.70 18.71 32.73 31.92 37.08 31.64 16.13 22.23 30.38
NOPAT to Interest Expense		 38.53 30.29 20.85 16.16 22.44 25.45 30.12 25.50 12.38 17.11 27.01
EBIT Less CapEx to Interest Expense		 48.37 40.96 22.07 15.89 27.65 24.16 31.05 28.83 15.02 21.41 29.19
NOPAT Less CapEx to Interest Expense		 34.00 27.91 13.22 13.34 17.37 17.69 24.08 22.69 11.28 16.28 25.81
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 48.47% 44.97% 50.65% 45.37% 58.83% 59.36% 54.43% 62.36% 67.55% 67.77% 55.23%
Augmented Payout Ratio		 116.01% 106.03% 109.42% 80.04% 111.82% 87.08% 54.43% 105.67% 83.36% 79.40% 68.77%

Quarterly Metrics And Ratios for WD-40

This table displays calculated financial ratios and metrics derived from WD-40's official financial filings.

Metric Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2026
Period end date 11/30/2023 2/29/2024 5/31/2024 8/31/2024 11/30/2024 2/28/2025 5/31/2025 8/31/2025 11/30/2025 2/28/2026 5/31/2026
DEI Shares Outstanding		 - - - - - - - - - 13,486,302.00 13,455,402.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - 13,486,302.00 13,455,402.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - 1.51 2.25
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 12.43% 6.85% 9.40% 11.06% 9.31% 5.03% 1.21% 4.80% 0.60% 10.65% 24.35%
EBITDA Growth		 27.68% -4.60% 6.05% 2.36% 3.82% 9.96% 3.29% 15.57% -6.90% 13.50% 43.42%
EBIT Growth		 28.23% -7.03% 3.83% 0.16% 3.47% 12.56% 5.03% 18.84% -7.69% 12.90% 42.36%
NOPAT Growth		 24.08% -6.37% 4.88% 2.22% 6.96% 88.54% 0.19% 22.32% -8.34% -33.29% 47.35%
Net Income Growth		 24.90% -5.99% 5.01% 1.26% 8.25% 92.14% 5.72% 26.56% -7.79% -31.94% 44.04%
EPS Growth		 25.49% -5.79% 5.80% 0.82% 8.59% 92.11% 5.48% 27.64% -7.91% -31.51% 45.45%
Operating Cash Flow Growth		 157.89% 71.04% -42.47% -36.42% -44.53% -55.62% 75.96% 10.05% -33.12% 79.19% -12.91%
Free Cash Flow Firm Growth		 224.52% 302.51% 1,578.32% -31.45% -64.94% -94.20% -88.85% -85.72% -155.51% 61.15% 165.21%
Invested Capital Growth		 -9.41% -12.23% -6.21% -1.46% 1.13% 10.05% 5.79% 6.66% 9.71% 5.10% 6.33%
Revenue Q/Q Growth		 -0.03% -0.93% 11.46% 0.61% -1.60% -4.82% 7.40% 4.18% -5.53% 4.69% 20.69%
EBITDA Q/Q Growth		 2.69% -12.25% 28.33% -11.29% 4.15% -6.23% 19.22% -0.74% -16.10% 14.31% 50.65%
EBIT Q/Q Growth		 2.74% -14.07% 29.62% -12.48% 6.14% -6.51% 20.94% -0.97% -17.55% 14.33% 52.50%
NOPAT Q/Q Growth		 5.73% -10.36% 27.01% -15.07% 10.63% 58.00% -32.51% 3.68% -17.10% 14.99% 49.09%
Net Income Q/Q Growth		 5.47% -11.13% 27.72% -15.41% 12.76% 57.73% -29.73% 1.26% -17.84% 16.43% 48.72%
EPS Q/Q Growth		 4.92% -10.94% 28.07% -15.75% 13.01% 57.55% -29.68% 1.95% -18.47% 17.19% 49.33%
Operating Cash Flow Q/Q Growth		 -37.11% -33.21% 10.88% 36.51% -45.13% -46.56% 339.61% -14.62% -66.66% 43.17% 113.65%
Free Cash Flow Firm Q/Q Growth		 47.60% 16.95% -27.78% -45.01% -24.51% -80.64% 38.77% -29.59% -393.44% 156.21% 128.37%
Invested Capital Q/Q Growth		 -2.24% 0.10% 2.97% -2.20% 0.32% 8.93% -1.02% -1.39% 3.19% 4.35% 0.14%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 53.81% 52.44% 53.14% 54.07% 54.78% 54.56% 56.15% 54.71% 56.23% 55.63% 56.59%
EBITDA Margin		 18.85% 16.66% 19.18% 16.91% 17.90% 17.63% 19.57% 18.65% 16.56% 18.08% 22.57%
Operating Margin		 17.22% 15.05% 17.53% 15.42% 16.37% 15.93% 17.44% 17.14% 15.06% 16.26% 20.67%
EBIT Margin		 17.19% 14.92% 17.35% 15.09% 16.27% 15.98% 18.00% 17.11% 14.93% 16.31% 20.61%
Profit (Net Income) Margin		 12.45% 11.17% 12.80% 10.76% 12.33% 20.43% 13.37% 12.99% 11.30% 12.57% 15.49%
Tax Burden Percent		 75.77% 78.44% 76.77% 73.67% 78.02% 133.03% 76.39% 77.33% 77.24% 78.59% 76.36%
Interest Burden Percent		 95.56% 95.46% 96.11% 96.80% 97.10% 96.08% 97.23% 98.21% 97.97% 98.06% 98.41%
Effective Tax Rate		 24.23% 21.56% 23.23% 26.33% 21.98% -33.03% 23.61% 22.67% 22.76% 21.41% 23.64%
Return on Invested Capital (ROIC)		 24.83% 22.42% 26.30% 23.91% 27.75% 44.57% 27.85% 28.56% 24.66% 26.06% 34.27%
ROIC Less NNEP Spread (ROIC-NNEP)		 23.86% 21.42% 25.03% 22.36% 26.55% 42.74% 27.99% 27.44% 23.58% 25.46% 32.91%
Return on Net Nonoperating Assets (RNNOA)		 10.18% 9.22% 9.37% 6.11% 6.81% 11.41% 6.23% 4.23% 4.59% 5.63% 5.26%
Return on Equity (ROE)		 35.01% 31.65% 35.67% 30.02% 34.56% 55.98% 34.08% 32.79% 29.25% 31.69% 39.54%
Cash Return on Invested Capital (CROIC)		 35.02% 37.36% 31.20% 27.61% 25.73% 21.17% 24.79% 25.85% 21.91% 21.05% 23.18%
Operating Return on Assets (OROA)		 21.80% 18.78% 22.63% 20.09% 22.38% 21.68% 24.51% 22.94% 20.45% 22.27% 29.09%
Return on Assets (ROA)		 15.78% 14.06% 16.69% 14.33% 16.95% 27.72% 18.20% 17.42% 15.47% 17.17% 21.86%
Return on Common Equity (ROCE)		 35.01% 31.65% 35.67% 30.02% 34.56% 55.98% 34.08% 32.79% 29.25% 31.69% 39.54%
Return on Equity Simple (ROE_SIMPLE)		 32.18% 31.67% 31.24% 0.00% 31.41% 35.27% 33.66% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 18 16 21 18 20 31 21 22 18 21 31
NOPAT Margin		 13.05% 11.81% 13.46% 11.36% 12.77% 21.20% 13.32% 13.26% 11.63% 12.78% 15.79%
Net Nonoperating Expense Percent (NNEP)		 0.97% 1.00% 1.27% 1.55% 1.19% 1.83% -0.14% 1.12% 1.08% 0.60% 1.36%
Return On Investment Capital (ROIC_SIMPLE)		 5.61% - - - 5.86% 8.67% 5.92% 6.10% 5.06% 5.58% 8.12%
Cost of Revenue to Revenue		 46.19% 47.56% 46.86% 45.93% 45.22% 45.44% 43.85% 45.29% 43.77% 44.37% 43.41%
SG&A Expenses to Revenue		 31.43% 32.37% 29.39% 31.50% 32.92% 33.53% 32.85% 29.90% 35.83% 33.88% 29.05%
R&D to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Expenses to Revenue		 36.58% 37.38% 35.61% 38.65% 38.41% 38.63% 38.71% 37.56% 41.17% 39.37% 35.92%
Earnings before Interest and Taxes (EBIT)		 24 21 27 24 25 23 28 28 23 26 40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 26 23 30 26 27 26 31 30 26 29 44
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 14.98 16.71 13.65 15.40 16.58 13.35 12.84 10.85 10.03 11.94 9.65
Price to Tangible Book Value (P/TBV)		 27.88 30.99 25.58 27.88 29.45 22.56 20.92 17.26 16.10 18.98 15.24
Price to Revenue (P/Rev)		 5.85 6.43 5.28 6.01 6.22 5.29 5.39 4.69 4.27 5.05 3.99
Price to Earnings (P/E)		 46.55 52.76 43.70 50.96 52.78 37.85 38.13 31.98 29.59 40.16 30.16
Dividend Yield		 1.39% 1.26% 1.53% 1.32% 1.27% 1.50% 1.49% 1.72% 1.92% 1.61% 1.96%
Earnings Yield		 2.15% 1.90% 2.29% 1.96% 1.89% 2.64% 2.62% 3.13% 3.38% 2.49% 3.32%
Enterprise Value to Invested Capital (EV/IC)		 11.93 13.29 10.88 12.92 13.62 10.83 11.10 9.89 8.78 10.20 8.53
Enterprise Value to Revenue (EV/Rev)		 5.96 6.54 5.39 6.09 6.30 5.40 5.46 4.74 4.33 5.13 4.05
Enterprise Value to EBITDA (EV/EBITDA)		 31.56 35.58 29.58 33.94 35.56 30.13 30.31 25.68 23.91 28.13 21.12
Enterprise Value to EBIT (EV/EBIT)		 34.37 38.96 32.50 37.74 39.57 33.36 33.40 28.11 26.22 30.89 23.23
Enterprise Value to NOPAT (EV/NOPAT)		 45.08 51.04 42.46 49.05 51.00 36.91 37.53 31.62 29.48 40.19 29.99
Enterprise Value to Operating Cash Flow (EV/OCF)		 28.68 30.03 28.78 39.09 47.54 47.03 39.26 33.42 32.43 36.54 32.23
Enterprise Value to Free Cash Flow (EV/FCFF)		 32.37 33.24 33.74 46.45 53.22 53.59 46.04 39.51 41.94 49.69 37.93
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.51 0.53 0.49 0.41 0.48 0.48 0.37 0.32 0.34 0.38 0.36
Long-Term Debt to Equity		 0.40 0.40 0.38 0.37 0.37 0.35 0.33 0.32 0.32 0.32 0.31
Financial Leverage		 0.43 0.43 0.37 0.27 0.26 0.27 0.22 0.15 0.19 0.22 0.16
Leverage Ratio		 2.14 2.16 2.06 2.01 1.99 1.96 1.88 1.85 1.85 1.82 1.78
Compound Leverage Factor		 2.05 2.06 1.98 1.95 1.93 1.89 1.82 1.82 1.81 1.79 1.76
Debt to Total Capital		 33.88% 34.85% 32.66% 29.10% 32.30% 32.23% 27.15% 24.50% 25.63% 27.34% 26.53%
Short-Term Debt to Total Capital		 7.49% 8.97% 6.76% 2.66% 7.01% 8.61% 2.91% 0.23% 1.50% 4.09% 4.04%
Long-Term Debt to Total Capital		 26.39% 25.87% 25.90% 26.44% 25.29% 23.62% 24.25% 24.27% 24.12% 23.25% 22.49%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 66.12% 65.15% 67.34% 70.90% 67.70% 67.77% 72.85% 75.50% 74.37% 72.66% 73.47%
Debt to EBITDA		 1.06 1.12 1.03 0.89 1.01 1.05 0.87 0.76 0.81 0.87 0.78
Net Debt to EBITDA		 0.58 0.58 0.60 0.45 0.50 0.57 0.40 0.25 0.38 0.44 0.32
Long-Term Debt to EBITDA		 0.83 0.83 0.82 0.81 0.79 0.77 0.78 0.75 0.76 0.74 0.66
Debt to NOPAT		 1.51 1.61 1.48 1.29 1.45 1.29 1.08 0.94 1.00 1.25 1.11
Net Debt to NOPAT		 0.83 0.84 0.86 0.65 0.71 0.70 0.50 0.31 0.46 0.63 0.46
Long-Term Debt to NOPAT		 1.18 1.19 1.17 1.17 1.13 0.95 0.96 0.93 0.94 1.06 0.94
Altman Z-Score		 12.47 12.95 11.67 13.20 13.72 12.49 13.59 11.96 11.77 13.04 10.97
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 2.40 2.27 2.36 2.47 2.44 2.40 2.84 2.79 2.97 2.83 2.65
Quick Ratio		 1.47 1.45 1.54 1.59 1.55 1.44 1.75 1.75 1.76 1.71 1.82
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 47 55 40 22 16 3.19 4.43 3.12 -9.15 5.14 12
Operating Cash Flow to CapEx		 4,011.33% 1,676.87% 1,719.76% 4,305.38% 2,633.16% 647.04% 3,346.56% 2,356.02% 1,351.15% 891.83% 2,945.42%
Free Cash Flow to Firm to Interest Expense		 41.02 54.54 33.59 22.96 18.88 3.13 4.99 4.72 -14.12 7.72 14.79
Operating Cash Flow to Interest Expense		 23.49 17.83 16.86 28.61 17.10 7.81 39.54 45.37 15.41 21.47 38.47
Operating Cash Flow Less CapEx to Interest Expense		 22.90 16.77 15.88 27.95 16.45 6.61 38.36 43.45 14.27 19.06 37.16
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 1.27 1.26 1.30 1.33 1.38 1.36 1.36 1.34 1.37 1.37 1.41
Accounts Receivable Turnover		 6.06 5.47 5.30 5.48 5.84 5.67 5.35 5.21 5.55 5.49 5.14
Inventory Turnover		 2.66 2.89 3.16 3.33 3.58 3.53 3.59 3.51 3.48 3.40 3.77
Fixed Asset Turnover		 8.42 8.62 8.81 9.10 9.65 9.91 9.88 10.05 10.52 10.82 11.40
Accounts Payable Turnover		 8.87 8.84 9.20 8.25 9.23 8.44 9.18 7.54 9.19 8.49 9.38
Days Sales Outstanding (DSO)		 60.22 66.68 68.87 66.61 62.45 64.43 68.19 70.08 65.81 66.53 70.99
Days Inventory Outstanding (DIO)		 137.03 126.45 115.33 109.77 102.04 103.30 101.62 104.11 104.75 107.40 96.85
Days Payable Outstanding (DPO)		 41.15 41.30 39.69 44.27 39.54 43.24 39.76 48.41 39.73 43.01 38.90
Cash Conversion Cycle (CCC)		 156.10 151.83 144.51 132.11 124.95 124.48 130.05 125.78 130.82 130.92 128.95
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 276 277 285 278 279 304 301 297 306 320 320
Invested Capital Turnover		 1.90 1.90 1.95 2.11 2.17 2.10 2.09 2.15 2.12 2.04 2.17
Increase / (Decrease) in Invested Capital		 -29 -39 -19 -4.12 3.12 28 16 19 27 16 19
Enterprise Value (EV)		 3,294 3,674 3,097 3,597 3,805 3,295 3,344 2,939 2,691 3,263 2,732
Market Capitalization		 3,234 3,613 3,035 3,549 3,752 3,232 3,300 2,910 2,649 3,212 2,691
Book Value per Share		 $15.93 $15.95 $16.40 $17.01 $16.71 $17.88 $18.98 $19.81 $19.52 $19.94 $20.72
Tangible Book Value per Share		 $8.56 $8.60 $8.75 $9.40 $9.41 $10.58 $11.65 $12.46 $12.16 $12.55 $13.12
Total Capital		 327 332 330 325 334 357 353 355 355 370 379
Total Debt		 111 116 108 95 108 115 96 87 91 101 101
Total Long-Term Debt		 86 86 85 86 85 84 86 86 86 86 85
Net Debt		 60 60 62 48 53 62 44 29 42 51 42
Capital Expenditures (CapEx)		 0.67 1.07 1.16 0.63 0.57 1.23 1.05 1.27 0.74 1.60 1.04
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 113 114 121 114 124 137 131 125 136 149 146
Debt-free Net Working Capital (DFNWC)		 163 170 166 161 179 190 183 183 185 199 205
Net Working Capital (NWC)		 139 140 144 152 155 159 173 183 179 184 190
Net Nonoperating Expense (NNE)		 0.84 0.89 1.02 0.93 0.68 1.12 -0.07 0.43 0.51 0.34 0.58
Net Nonoperating Obligations (NNO)		 60 60 62 48 53 62 44 29 42 51 42
Total Depreciation and Amortization (D&A)		 2.32 2.42 2.84 2.84 2.49 2.41 2.47 2.52 2.52 2.87 3.84
Debt-free, Cash-free Net Working Capital to Revenue		 20.44% 20.37% 20.96% 19.29% 20.51% 22.39% 21.44% 20.22% 21.93% 23.34% 21.66%
Debt-free Net Working Capital to Revenue		 29.54% 30.24% 28.84% 27.19% 29.61% 31.07% 29.88% 29.60% 29.75% 31.25% 30.42%
Net Working Capital to Revenue		 25.12% 24.94% 24.96% 25.73% 25.73% 26.03% 28.20% 29.47% 28.89% 28.87% 28.15%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.28 $1.14 $1.46 $1.24 $1.39 $2.20 $1.54 $1.57 $1.29 $1.50 $2.24
Adjusted Weighted Average Basic Shares Outstanding		 13.56M 13.56M 13.55M 13.55M 13.55M 13.55M 13.54M 13.54M 13.52M 13.48M 13.45M
Adjusted Diluted Earnings per Share		 $1.28 $1.14 $1.46 $1.23 $1.39 $2.19 $1.54 $1.57 $1.28 $1.50 $2.24
Adjusted Weighted Average Diluted Shares Outstanding		 13.58M 13.58M 13.58M 13.58M 13.57M 13.57M 13.57M 13.57M 13.55M 13.51M 13.48M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 13.56M 13.55M 13.55M 13.54M 13.55M 13.55M 13.53M 13.53M 13.49M 13.46M 13.42M
Normalized Net Operating Profit after Tax (NOPAT)		 18 16 21 18 20 16 21 22 18 21 31
Normalized NOPAT Margin		 13.05% 11.81% 13.46% 11.36% 12.77% 11.15% 13.32% 13.26% 11.63% 12.78% 15.79%
Pre Tax Income Margin		 16.43% 14.24% 16.67% 14.61% 15.80% 15.36% 17.50% 16.80% 14.63% 15.99% 20.28%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 21.07 20.58 22.75 24.75 28.62 22.87 31.84 42.38 35.59 39.59 50.64
NOPAT to Interest Expense		 15.99 16.30 17.65 18.63 22.45 30.33 23.57 32.84 27.72 31.02 38.79
EBIT Less CapEx to Interest Expense		 20.48 19.52 21.77 24.08 27.97 21.67 30.66 40.45 34.45 37.18 49.34
NOPAT Less CapEx to Interest Expense		 15.40 15.23 16.67 17.97 21.80 29.13 22.38 30.91 26.58 28.61 37.49
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 65.12% 67.01% 67.04% 67.77% 67.33% 56.98% 57.16% 55.23% 57.03% 65.09% 59.47%
Augmented Payout Ratio		 77.75% 81.78% 83.01% 79.40% 80.42% 68.08% 68.42% 68.77% 75.50% 91.91% 87.62%

Financials Breakdown Chart

Key Financial Trends

WD-40’s latest financial statements show improving growth, profitability and cash generation. In Q3 2026, revenue reached $195.1 million, up 20.7% from $161.7 million in Q2 2026 and approximately 57.8% above Q3 2022. Net income rose to $30.2 million, compared with $20.3 million in Q2 and $14.5 million in Q3 2022.

Profitability has also strengthened. Q3 2026 gross margin was approximately 56.6%, compared with 47.7% in Q3 2022, while operating margin improved to about 20.7% from 15.4%. This indicates that revenue growth has been accompanied by better cost leverage, although investors should continue monitoring selling, general and administrative expenses.

  • Revenue growth has accelerated: Q3 2026 revenue increased 20.7% sequentially and 24.4% year over year from the restated Q3 2025 figure of $156.9 million.
  • Margins are trending higher: Gross margin expanded from approximately 47.7% in Q3 2022 to 56.6% in Q3 2026, while operating margin rose from 15.4% to 20.7% over the same period.
  • Earnings growth is outpacing sales growth: Q3 2026 net income was more than double the Q3 2022 level, and diluted EPS increased to $2.24 from $1.07.
  • Operating cash flow has improved substantially: Q3 2026 operating cash flow was $30.5 million, up from $14.3 million in Q2 and $3.6 million in Q3 2022. Cash flow was also broadly in line with net income in the latest quarter.
  • Liquidity remains solid: Cash and equivalents increased to $59.1 million from $48.6 million at Q1 2026 and $40.8 million in Q3 2022. Current assets of $304.7 million substantially exceeded current liabilities of $114.8 million.
  • Debt has declined over the longer term: Total short- and long-term debt was approximately $100.7 million in Q3 2026, down from roughly $126.6 million in Q3 2022, despite some borrowing fluctuations during fiscal 2026.
  • Shareholder returns remain a priority: The company paid $13.8 million in dividends and repurchased $6.7 million of stock in Q3 2026. Quarterly dividends per share have increased to $1.02 from $0.78 in Q3 2022.
  • Working capital is volatile: Operating working capital reduced cash flow by $5.2 million in Q3 2026, an improvement from the $12.3 million use in Q2 but weaker than the $8.9 million source in Q3 2025.
  • Accounts receivable jumped sharply: Receivables increased to $150.1 million in Q3 2026 from $121.2 million in Q2, a 23.8% sequential increase. Investors should determine whether this reflects normal seasonal sales timing or slower collections.
  • Capital returns and debt service continue to consume cash: Q3 financing cash outflows totaled $20.7 million, including dividends, buybacks and debt repayment. Although these distributions support shareholders, they reduce the cash available for reinvestment or debt reduction.

The balance sheet is stronger than it was several years ago. Total liabilities declined to $221.1 million from $233.9 million in Q3 2022, while total equity increased to $278.7 million from $195.2 million. However, the company continues to carry meaningful goodwill of $98.3 million, and treasury stock remains substantially negative because of its long-term repurchase program.

Overall, the statements point to a favorable operating trend: WD-40 is growing sales, expanding margins, increasing earnings and generating considerably more operating cash. The main issues to watch are the recent rise in receivables, continued reliance on financing activity to support shareholder distributions, and whether the latest acceleration in revenue and earnings can be sustained.

09/09/26 04:13 PM ETAI Generated. May Contain Errors.

WD-40 Financials - Frequently Asked Questions

According to the most recent income statement we have on file, WD-40's fiscal year ends in August. Their fiscal year 2025 ended on August 31, 2025.

WD-40's net income appears to be on an upward trend, with a most recent value of $90.99 million in 2025, rising from $44.81 million in 2015. The previous period was $69.64 million in 2024. See where experts think WD-40 is headed by visiting WD-40's forecast page.

WD-40's total operating income in 2025 was $103.79 million, based on the following breakdown:
  • Total Gross Profit: $341.34 million
  • Total Operating Expenses: $237.55 million

Over the last 10 years, WD-40's total revenue changed from $378.15 million in 2015 to $619.99 million in 2025, a change of 64.0%.

WD-40's total liabilities were at $207.66 million at the end of 2025, a 5.0% decrease from 2024, and a 14.5% increase since 2015.

In the past 10 years, WD-40's cash and equivalents has ranged from $27.23 million in 2019 to $85.96 million in 2021, and is currently $58.13 million as of their latest financial filing in 2025.

Over the last 10 years, WD-40's book value per share changed from 10.90 in 2015 to 19.81 in 2025, a change of 81.8%.


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Financial statements for NASDAQ:WDFC last updated on 7/12/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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