WD-40 Company
Financial Performance
WD-40 Revenue & Financials
Revenue
$620M (FY2025)
Market Cap
$2.7B
Net Income
$91M
Employees
714
What is WD-40's revenue?
WD-40 had $620M in revenue for fiscal year 2025, up 5% from 2024. Net income was $91M.
- Latest revenue
- $620M (FY2025)
- Year-over-year
- +5%
- Growth rate (CAGR)
- 5.6% over 9 years
- Peak revenue
- $620M (FY2025)
- Years of data
- 10
- Employees
- 714
Financial Analysis
Fiscal 2025, ended August 31, 2025, brought net sales of $620.0 million, up 5%. Gross margin rose to 55.1% from 53.4%. Net income was $91.0 million, which includes an $11.9 million one-time tax benefit from releasing an uncertain tax position. Momentum picked up in fiscal 2026. In the third quarter, ended May 31, 2026, net sales rose 24% to $195.1 million, gross margin was 56.6% and net income reached $30.2 million. For the first nine months, net sales totalled $511.2 million, against $456.5 million a year earlier. WD-40 Company is a highly iconic American manufacturer of household and industrial chemicals, operating as an incredibly stable, high-margin public company with a valuation typically over $3 billion.
Revenue Trend Analysis
YoY Change
+5%
9-Year CAGR
+5.6%
Peak Year
2025
Trend
Consistent Growth
WD-40 Company has 10 full fiscal year figures on this page, compounding at +5.6% annually over 9 years. The most recent year saw a 5% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $620M. Of 9 comparable year-over-year steps, 7 showed growth and 2 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $620M | $103.8M | $91M | +5.0% | WD-40 Company Form 10-K and fiscal 2025 results release Fiscal year ended 2025-08-31. Net sales up 5%. Net income includes an $11.9M one-time tax benefit. |
| FY2024 | $590.6M | $96.4M | $69.6M | +9.9% | WD-40 Company Form 10-K and fiscal 2025 results release Fiscal year ended 2024-08-31. |
| FY2023 | $537.3M | $89.7M | $66M | +3.6% | WD-40 Company Form 10-K (SEC EDGAR) Fiscal year ended 2023-08-31. |
| FY2022 | $518.8M | $87.3M | $67.3M | +6.3% | WD-40 Company Form 10-K (SEC EDGAR) Fiscal year ended 2022-08-31. |
| FY2021 | $488.1M | $88.8Mfiling | $70.2M | +19.5% | WD-40 Company Form 10-K (SEC EDGAR) Fiscal year ended 2021-08-31. |
| FY2020 | $408.5M | $77.2Mfiling | $60.7M | -3.5% | WD-40 Company Form 10-K (SEC EDGAR) Fiscal year ended 2020-08-31. |
| FY2019 | $423.4M | $82.4M | $55.9M | +3.6% | WD-40 Company Form 10-K (SEC EDGAR) Fiscal year ended 2019-08-31. |
| FY2018 | $408.5M | $78.6M | $65.2M | +7.4% | WD-40 Company Form 10-K (SEC EDGAR) Fiscal year ended 2018-08-31. |
| FY2017 | $380.5M | $75.9M | $52.9M | +-0.0% | WD-40 Company Form 10-K (SEC EDGAR) Fiscal year ended 2017-08-31. |
| FY2016 | $380.7M | $71.3M | $52.6M | — | WD-40 Company Form 10-K (SEC EDGAR) Fiscal year ended 2016-08-31. |
Click any row to see year details.
WD-40 Company balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Aug 31, 2025 | $87.9M | $4.5M | $475.8M | $207.7M | $268.2M | $83.4M | Form 10-K |
| FY2024ended Aug 31, 2024 | $92M | $4.2M | $449M | $218.5M | $230.5M | $87.8M | Form 10-K |
| FY2023ended Aug 31, 2023 | $98.4M | $6.9M | $438M | $227.8M | $210.2M | $91.5M | Form 10-K |
| FY2022ended Aug 31, 2022 | $2.6M | $8.3M | $434.3M | $245.7M | $188.6M | -$5.7M | Form 10-K |
| FY2021ended Aug 31, 2021 | $84.7M | $15.1M | $430.2M | $229.8M | $200.4M | $69.7M | Form 10-K |
| FY2020ended Aug 31, 2020 | $72.7M | $19.3M | $362.6M | $202.3M | $160.3M | $53.4M | Form 10-K |
| FY2019ended Aug 31, 2019 | $62.9M | $13.3M | $302.7M | $157.2M | $145.5M | $49.6M | Form 10-K |
| FY2018ended Aug 31, 2018 | $64.8M | $12.4M | $317.1M | $161.6M | $155.5M | $52.5M | Form 10-K |
| FY2017ended Aug 31, 2017 | $55.6M | $20.1M | $369.7M | $230.3M | $139.4M | $35.4M | Form 10-K |
| FY2016ended Aug 31, 2016 | $65.3M | $4.4M | $339.7M | $199.3M | $140.4M | $60.9M | Form 10-K |
Keep researching WD-40
WD-40 Revenue and Financial FAQ
What was WD-40 Company's total net sales in fiscal 2025?
In fiscal 2025 (ended August 31, 2025), WD-40 Company generated net sales of $620.0 million, representing a 5.0% increase over fiscal 2024.
What was WD-40's gross profit margin in fiscal 2025?
Gross margin expanded to 55.1% in fiscal 2025, up from 53.4% in the prior year, returning above management's long-term 55% target benchmark.
What was WD-40 Company's net income and earnings per share in FY2025?
WD-40 reported net income of $91.0 million, or $6.71 diluted earnings per share, which included an $11.9 million ($0.88 per share) non-recurring tax benefit from releasing an uncertain tax position.
How did WD-40 Company perform in the third quarter of fiscal 2026?
In Q3 FY2026 (ended May 31, 2026), net sales surged 24% year-over-year to $195.1 million, gross margin reached 56.6%, and net income totaled $30.2 million.
What were WD-40's nine-month fiscal 2026 sales results?
For the first nine months of fiscal 2026, net sales reached $511.2 million compared to $456.5 million in the prior-year period, pacing toward management's full-year guidance of $675 million to $690 million.
What is WD-40 Company's dividend history and policy?
WD-40 Company is a consistent dividend payer that has paid regular quarterly dividends for over 50 consecutive years and increased its annual dividend payout for over a decade.
How does WD-40 Company deploy its capital between dividends and share buybacks?
WD-40 targets returning at least 50% of net income to shareholders through quarterly cash dividends and opportunistic share repurchases under multi-million-dollar board-approved buyback authorizations.
How sensitive are WD-40's profit margins to raw material prices?
Operating margins are sensitive to petroleum-based solvent costs, aerosol valve components, and tinplate steel for cans, which management mitigates through selective pricing adjustments.
What is WD-40's balance sheet debt and leverage profile?
WD-40 maintains a conservative balance sheet with approximately $70M–$90M in revolving credit facility debt, well below 1.5x EBITDA, giving it exceptional financial stability.
How does foreign exchange (FX) fluctuation affect WD-40's financial results?
With over 50% of sales generated outside the United States, currency fluctuations in the British pound, euro, Australian dollar, and Chinese yuan can create translation headwinds or tailwinds.
What are WD-40 Company's typical annual capital expenditures (CapEx)?
Annual capital expenditures are minimal, historically ranging between $8 million and $15 million (1%–2% of revenue), dedicated mostly to information technology systems and manufacturing tooling.
What is WD-40 Company's market capitalization and valuation multiple?
WD-40 Company trades on NASDAQ (WDFC) with a market capitalization between $2.5 billion and $3.2 billion, commanding premium price-to-earnings (P/E) multiples of 30x–35x reflecting its brand durability.
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Using these figures? Please credit CorpDigest with a link.
CorpDigest. "WD-40 Revenue & Financials." CorpDigest, https://corpdigest.com/company/wd-40/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>WD-40 reported $620M in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/wd-40/financials" target="_blank" rel="noopener">CorpDigest — WD-40 financials</a></div>Related Financial Audits
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