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WD 40 CO

WDFC Clue Score72
United States Fiscal year ends August CIK 0000105132
$202.29 -0.79% Close, 9 Oct 2026
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Price $202.29 −11.48% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 12 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue380.5Operating income75.9Net income52.9EPS, diluted3.72Fiscal year 2018Revenue408.5 +7.4%Operating income78.6Net income65.2 +23.2%EPS, diluted4.64 +24.7%Fiscal year 2019Revenue423.4 +3.6%Operating income82.4Net income55.9 −14.3%EPS, diluted4.02 −13.4%Fiscal year 2020Revenue408.5 −3.5%Operating income77.2Net income60.7 +8.6%EPS, diluted4.40 +9.5%Fiscal year 2021Revenue488.1 +19.5%Operating income88.8Net income70.2 +15.7%EPS, diluted5.09 +15.7%Fiscal year 2022Revenue518.8 +6.3%Operating income87.3Net income67.3 −4.1%EPS, diluted4.90 −3.7%Fiscal year 2023Revenue537.3 +3.6%Operating income89.7Net income66.0 −2.0%EPS, diluted4.83 −1.4%Fiscal year 2024Revenue590.6 +9.9%Operating income96.4Net income69.6 +5.5%EPS, diluted5.11 +5.8%Fiscal year 2025Revenue620.0 +5.0%Operating income103.8Net income91.0 +30.7%EPS, diluted6.69 +30.9%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 380.5 408.5 423.4 408.5 488.1 518.8 537.3 590.6 620.0
Growth +7.4% +3.6% −3.5% +19.5% +6.3% +3.6% +9.9% +5.0%
Operating income 75.9 78.6 82.4 77.2 88.8 87.3 89.7 96.4 103.8
Net income 52.9 65.2 55.9 60.7 70.2 67.3 66.0 69.6 91.0
Growth +23.2% −14.3% +8.6% +15.7% −4.1% −2.0% +5.5% +30.7%
EPS, diluted 3.72 4.64 4.02 4.40 5.09 4.90 4.83 5.11 6.69
Growth +24.7% −13.4% +9.5% +15.7% −3.7% −1.4% +5.8% +30.9%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin56.2%Operating margin19.9%Net margin13.9%Free cash flow margin9.3%Fiscal year 2018Gross margin55.1%Operating margin19.2%Net margin16.0%Free cash flow margin12.8%Fiscal year 2019Gross margin54.9%Operating margin19.5%Net margin13.2%Free cash flow margin11.7%Fiscal year 2020Gross margin54.6%Operating margin18.9%Net margin14.9%Free cash flow margin13.1%Fiscal year 2021Gross margin54.0%Operating margin18.2%Net margin14.4%Free cash flow margin14.3%Fiscal year 2022Gross margin49.1%Operating margin16.8%Net margin13.0%Free cash flow margin−1.1%Fiscal year 2023Gross margin51.0%Operating margin16.7%Net margin12.3%Free cash flow margin17.0%Fiscal year 2024Gross margin53.4%Operating margin16.3%Net margin11.8%Free cash flow margin14.9%Fiscal year 2025Gross margin55.1%Operating margin16.7%Net margin14.7%Free cash flow margin13.5%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 56.2% 55.1% 54.9% 54.6% 54.0% 49.1% 51.0% 53.4% 55.1%
Operating margin 19.9% 19.2% 19.5% 18.9% 18.2% 16.8% 16.7% 16.3% 16.7%
Net margin 13.9% 16.0% 13.2% 14.9% 14.4% 13.0% 12.3% 11.8% 14.7%
Free cash flow margin 9.3% 12.8% 11.7% 13.1% 14.3% −1.1% 17.0% 14.9% 13.5%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow55.6Capital expenditure−20.2Free cash flow35.4Buybacks−31.1Dividends paid−26.8Fiscal year 2018Operating cash flow64.8Capital expenditure−12.4Free cash flow52.5 +48.1%Buybacks−22.6Dividends paid−29.6Fiscal year 2019Operating cash flow62.9Capital expenditure−13.3Free cash flow49.6 −5.5%Buybacks−29.6Dividends paid−32.9Fiscal year 2020Operating cash flow72.7Capital expenditure−19.3Free cash flow53.4 +7.6%Buybacks−16.8Dividends paid−36.0Fiscal year 2021Operating cash flow84.7Capital expenditure−15.1Free cash flow69.7 +30.5%Buybacks0.0Dividends paid−38.2Fiscal year 2022Operating cash flow2.6Capital expenditure−8.3Free cash flow−5.7 −108.2%Buybacks−29.2Dividends paid−42.0Fiscal year 2023Operating cash flow98.4Capital expenditure−6.9Free cash flow91.5Buybacks−10.4Dividends paid−44.6Fiscal year 2024Operating cash flow92.0Capital expenditure−4.2Free cash flow87.8 −4.0%Buybacks−8.1Dividends paid−47.2Fiscal year 2025Operating cash flow87.9Capital expenditure−4.5Free cash flow83.4 −5.0%Buybacks−12.3Dividends paid−50.3
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 55.6 64.8 62.9 72.7 84.7 2.6 98.4 92.0 87.9
Capital expenditure −20.2 −12.4 −13.3 −19.3 −15.1 −8.3 −6.9 −4.2 −4.5
Free cash flow 35.4 52.5 49.6 53.4 69.7 −5.7 91.5 87.8 83.4
Growth +48.1% −5.5% +7.6% +30.5% −108.2% −4.0% −5.0%
Buybacks −31.1 −22.6 −29.6 −16.8 0.0 −29.2 −10.4 −8.1 −12.3
Dividends paid −26.8 −29.6 −32.9 −36.0 −38.2 −42.0 −44.6 −47.2 −50.3

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2017Cash37.1Total debt134.0Net cash (debt)−96.9Shareholders’ equity139.4Debt to equity0.96Fiscal year 2018Cash48.9Total debt62.8Net cash (debt)−13.9Shareholders’ equity155.5Debt to equity0.40Fiscal year 2019Cash27.2Total debt60.2Net cash (debt)−33.0Shareholders’ equity145.5Debt to equity0.41Fiscal year 2020Cash56.5Total debt113.1Net cash (debt)−56.6Shareholders’ equity160.3Debt to equity0.71Fiscal year 2021Cash86.0Total debt114.9Net cash (debt)−29.0Shareholders’ equity200.4Debt to equity0.57Fiscal year 2022Cash37.8Total debt107.1Net cash (debt)−69.3Shareholders’ equity188.6Debt to equity0.57Fiscal year 2023Cash48.1Total debt109.7Net cash (debt)−61.6Shareholders’ equity210.2Debt to equity0.52Fiscal year 2024Cash46.7Total debt86.0Net cash (debt)−39.3Shareholders’ equity230.5Debt to equity0.37Fiscal year 2025Cash58.1Total debt86.2Net cash (debt)−28.1Shareholders’ equity268.2Debt to equity0.32
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 37.1 48.9 27.2 56.5 86.0 37.8 48.1 46.7 58.1
Total debt 134.0 62.8 60.2 113.1 114.9 107.1 109.7 86.0 86.2
Net cash (debt) −96.9 −13.9 −33.0 −56.6 −29.0 −69.3 −61.6 −39.3 −28.1
Shareholders’ equity 139.4 155.5 145.5 160.3 200.4 188.6 210.2 230.5 268.2
Debt to equity 0.96 0.40 0.41 0.71 0.57 0.57 0.52 0.37 0.32

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending August, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 31 Aug 2017 FY2018 31 Aug 2018 FY2019 31 Aug 2019 FY2020 31 Aug 2020 FY2021 31 Aug 2021 FY2022 31 Aug 2022 FY2023 31 Aug 2023 FY2024 31 Aug 2024 FY2025 31 Aug 2025
Revenue and profit
380.5 408.5 423.4 408.5 488.1 518.8 537.3 590.6 620.0
Growth +7.4% +3.6% −3.5% +19.5% +6.3% +3.6% +9.9% +5.0%
166.6 183.3 191.0 185.5 224.4 264.1 263.0 275.3 278.6
213.9 225.3 232.3 223.0 263.7 254.8 274.2 315.2 341.3
Growth +5.3% +3.1% −4.0% +18.3% −3.4% +7.6% +15.0% +8.3%
8.4 7.0 6.5 6.0 5.6 5.1 6.2 8.0 8.7
114.6 121.4 123.9 122.0 145.5 138.7 154.7 183.9 199.9
75.9 78.6 82.4 77.2 88.8 87.3 89.7 96.4 103.8
Growth +3.6% +4.8% −6.3% +15.0% −1.7% +2.7% +7.4% +7.7%
74.6 75.2 80.8 75.5 86.5 84.1 85.2 91.5 101.6
21.7 10.0 24.9 14.8 16.3 16.8 19.2 21.9 10.6
52.9 65.2 55.9 60.7 70.2 67.3 66.0 69.6 91.0
Growth +23.2% −14.3% +8.6% +15.7% −4.1% −2.0% +5.5% +30.7%
Per share
3.73 4.65 4.03 4.41 5.11 4.91 4.84 5.12 6.70
3.72 4.64 4.02 4.40 5.09 4.90 4.83 5.11 6.69
Growth +24.7% −13.4% +9.5% +15.7% −3.7% −1.4% +5.8% +30.9%
14.1 13.9 13.8 13.7 13.7 13.7 13.6 13.6 13.5
14.1 14.0 13.8 13.7 13.7 13.7 13.6 13.6 13.6
Growth −1.1% −0.9% −0.8% +0.1% −0.3% −0.7% −0.2% −0.1%

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 8.7% a year over five years, and earnings per share grew 8.7% a year.
  • The diluted share count fell 1.1% in five years, so buybacks did some of the work per share.
  • Operating margin is down 2.2 points on five years ago, at 16.7%.
  • Profitable in every one of the 9 years on file.