WD 40 CO WDFC
WD-40 Company is a global marketing organization dedicated to creating positive lasting memories by developing and selling products that solve problems in workshops, factories and homes around the world. The Company was founded in 1953 and is headquartered in San Diego, California.
For more than four decades, we sold only one product, WD-40® Multi-Use Product, a multi-purpose maintenance product which acts as a lubricant, rust preventative, penetrant and moisture displacer. Over the last several decades, we have evolved and expanded our product offerings through both research and development activities and through the acquisition of several of our smaller brands worldwide. As a result, we have built a family of brands and product lines that deliver high quality performance at a good value to our end users.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- International
- United States
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| International | $409.8M | $383.6M | $329.6M |
| United States | $210.2M | $207.0M | $207.6M |
As the company reported it, from the “Business Segments and Foreign Operations - Net Sales and Long-Lived Assets by Geographical Area (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Revenue by segment
- Americas
- Eimea
- Asia-Pacific
| Segment | FY2025 | FY2024 |
|---|---|---|
| Americas | $290.6M | $281.9M |
| Eimea | $236.4M | $221.0M |
| Asia-Pacific | $93.0M | $87.6M |
As the company reported it, from the “Business Segments and Foreign Operations - Summary Information by Reportable Segments (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $620.0M | $590.6M | $537.3M | $518.8M | $488.1M | $408.5M | $423.4M | $408.5M | $380.5M | $380.7M |
| Cost of revenue | $278.6M | $275.3M | $263.0M | $264.1M | $224.4M | $185.5M | $191.0M | $183.3M | $166.6M | $166.3M |
| Gross profit | $341.3M | $315.2M | $274.2M | $254.8M | $263.7M | $223.0M | $232.3M | $225.3M | $213.9M | $214.4M |
| R&D | $8.7M | $8.0M | $6.2M | $5.1M | $5.6M | $6.0M | $6.5M | $7.0M | $8.4M | $7.7M |
| SG&A | $199.9M | $183.9M | $154.7M | $138.7M | $145.5M | $122.0M | $123.9M | $121.4M | $114.6M | $117.8M |
| Total operating expenses | $237.6M | $218.9M | $184.5M | $167.4M | $174.9M | $145.8M | $150.0M | $146.7M | $138.0M | $143.0M |
| Operating income | $103.8M | $96.4M | $89.7M | $87.3M | $88.8M | $77.2M | $82.4M | $78.6M | $75.9M | $71.3M |
| Interest expense | $3.4M | $4.3M | $5.6M | $2.7M | $2.4M | $2.4M | $2.5M | $4.2M | $2.6M | $1.7M |
| Pre-tax income | $101.6M | $91.5M | $85.2M | $84.1M | $86.5M | $75.5M | $80.8M | $75.2M | $74.6M | $72.8M |
| Income tax | $10.6M | $21.9M | $19.2M | $16.8M | $16.3M | $14.8M | $24.9M | $10.0M | $21.7M | $20.2M |
| Net income | $91.0M | $69.6M | $66.0M | $67.3M | $70.2M | $60.7M | $55.9M | $65.2M | $52.9M | $52.6M |
| EPS, basic | 6.70 | 5.12 | 4.84 | 4.91 | 5.11 | 4.41 | 4.03 | 4.65 | 3.73 | 3.65 |
| EPS, diluted | 6.69 | 5.11 | 4.83 | 4.90 | 5.09 | 4.40 | 4.02 | 4.64 | 3.72 | 3.64 |
| Shares, diluted (wtd. avg.) | 13.6M | 13.6M | 13.6M | 13.7M | 13.7M | 13.7M | 13.8M | 14.0M | 14.1M | 14.4M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $58.1M | $46.7M | $48.1M | $37.8M | $86.0M | $56.5M | $27.2M | $48.9M | $37.1M | $50.9M |
| Short-term investments | — | — | — | — | — | — | — | $219.0K | $80.2M | $57.6M |
| Receivables | $120.6M | $117.5M | $98.0M | $89.9M | $89.6M | $80.7M | $72.9M | $69.0M | $64.3M | $64.7M |
| Inventory | $79.9M | $79.1M | $86.5M | $104.1M | $55.8M | $41.3M | $40.7M | $36.5M | $35.3M | $31.8M |
| Total current assets | $285.0M | $255.4M | $248.5M | $249.6M | $241.2M | $185.2M | $148.0M | $168.0M | $224.9M | $209.5M |
| Property, plant and equipment | $60.4M | $63.0M | $66.8M | $66.0M | $70.1M | $60.8M | $45.1M | $36.4M | $29.4M | $11.5M |
| Goodwill | $97.2M | $97.0M | $95.5M | $95.2M | $95.9M | $95.7M | $95.3M | $95.6M | $95.6M | $95.6M |
| Other intangibles | $2.4M | $6.2M | $4.7M | $5.6M | $7.2M | $8.6M | $10.7M | $13.5M | $16.2M | $19.2M |
| Total assets | $475.8M | $449.0M | $438.0M | $434.3M | $430.2M | $362.6M | $302.7M | $317.1M | $369.7M | $339.7M |
| Accounts payable | $38.0M | $36.0M | $30.8M | $32.9M | $33.5M | $21.7M | $18.7M | $19.1M | $20.9M | $18.7M |
| Short-term debt | $800.0K | $8.7M | $10.8M | $39.2M | $800.0K | $800.0K | $21.2M | $23.6M | $20.0M | — |
| Total current liabilities | $102.3M | $103.5M | $88.8M | $110.8M | $85.9M | $60.1M | $74.6M | $85.9M | $75.4M | $58.7M |
| Long-term debt | $86.2M | $86.0M | $109.7M | $107.1M | $114.9M | $113.1M | $60.2M | $62.8M | $134.0M | — |
| Total liabilities | $207.7M | $218.5M | $227.8M | $245.7M | $229.8M | $202.3M | $157.2M | $161.6M | $230.3M | $199.3M |
| Retained earnings | $540.7M | $499.9M | $477.5M | $456.1M | $430.7M | $398.7M | $374.1M | $351.3M | $315.8M | $289.6M |
| Total equity | $268.2M | $230.5M | $210.2M | $188.6M | $200.4M | $160.3M | $145.5M | $155.5M | $139.4M | $140.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $87.9M | $92.0M | $98.4M | $2.6M | $84.7M | $72.7M | $62.9M | $64.8M | $55.6M | $65.3M |
| Depreciation and amortisation | $8.2M | $9.5M | $8.2M | $8.3M | $7.0M | $7.7M | $7.6M | $7.8M | $6.8M | $6.5M |
| Stock-based compensation | $7.3M | $6.5M | $6.4M | $6.7M | $9.6M | $5.4M | $4.4M | $4.2M | $4.1M | $3.7M |
| Capital expenditure | $4.5M | $4.2M | $6.9M | $8.3M | $15.1M | $19.3M | $13.3M | $12.4M | $20.1M | $4.4M |
| Investing cash flow | -$2.4M | -$9.7M | -$6.2M | -$7.7M | -$14.5M | -$18.9M | -$12.7M | $71.2M | -$42.3M | -$20.9M |
| Financing cash flow | -$74.1M | -$83.9M | -$85.0M | -$38.0M | -$40.7M | -$26.7M | -$69.0M | -$121.4M | -$26.8M | -$43.2M |
| Dividends paid | $50.3M | $47.2M | $44.6M | $42.0M | $38.2M | $36.0M | $32.9M | $29.6M | $26.8M | $23.7M |
| Buybacks | $12.3M | $8.1M | $10.4M | $29.2M | $0 | $16.8M | $29.6M | $22.6M | $31.1M | $32.1M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000105132-25-000067.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $380.7M | $380.5M | $408.5M | $423.4M | $408.5M | $488.1M | $518.8M | $537.3M | $590.6M | $620.0M |
| Gross profit | $214.4M | $213.9M | $225.3M | $232.3M | $223.0M | $263.7M | $254.8M | $274.2M | $315.2M | $341.3M |
| Net income | $52.6M | $52.9M | $65.2M | $55.9M | $60.7M | $70.2M | $67.3M | $66.0M | $69.6M | $91.0M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Officer or director change Item 5.02
- Regulation FD disclosure Item 7.01
- Results announced Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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