Tearsheet

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

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Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%

Low stock price volatility
Vol 12M is 28%

Megatrend and thematic drivers
Megatrends include Advanced Materials. Themes include Specialty Chemicals for Performance.

Trading close to highs
Dist 52W High is -4.9%

Weak multi-year price returns
2Y Excs Rtn is -20%, 3Y Excs Rtn is -36%

Expensive valuation multiples
P/SPrice/Sales ratio is 5.1x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 30x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 36x, P/EPrice/Earnings or Price/(Net Income) is 40x

Key risks
WDFC key risks include [1] significant exposure to foreign currency fluctuations due to the majority of its revenue being generated internationally.

0 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 14%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13%
1 Low stock price volatility
Vol 12M is 28%
2 Megatrend and thematic drivers
Megatrends include Advanced Materials. Themes include Specialty Chemicals for Performance.
3 Trading close to highs
Dist 52W High is -4.9%
4 Weak multi-year price returns
2Y Excs Rtn is -20%, 3Y Excs Rtn is -36%
5 Expensive valuation multiples
P/SPrice/Sales ratio is 5.1x, P/EBITPrice/EBIT or Price/(Operating Income) ratio is 30x, P/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 36x, P/EPrice/Earnings or Price/(Net Income) is 40x
6 Key risks
WDFC key risks include [1] significant exposure to foreign currency fluctuations due to the majority of its revenue being generated internationally.

WDFC in ETFs

Weight = WDFC's share of each fund

VTI0.00%
ITOT0.00%
IWM0.10%
IJR0.18%
VIG0.01%
VYM0.01%
VB0.03%
IJT0.21%
+15 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 7/9/2026

WD-40 (WDFC) stock has gained about 20% since 3/31/2026 because of the following key factors:

1. Strong Fiscal Q2 and Q3 2026 Financial Results Exceeding Expectations: WD-40 reported impressive results for fiscal Q2 2026 (ended February 28, 2026) on April 9, 2026, with earnings per share (EPS) of $1.50 beating estimates by 7.14% and revenue of $161.7 million exceeding forecasts by 4.39%. This positive momentum significantly accelerated with its fiscal Q3 2026 results (ended May 31, 2026), reported on July 9, 2026. For Q3, net sales surged 24% year-over-year to $195.1 million, substantially surpassing analyst estimates of $172.8 million. Diluted EPS for Q3 was $2.24, a 45% increase year-over-year, and non-GAAP adjusted diluted EPS of $2.33 notably beat consensus estimates of $1.59 by 47.47%.

2. Upgraded Fiscal Year 2026 Outlook and Robust Core Product Growth: Following the strong Q3 fiscal 2026 performance, WD-40 raised its fiscal year 2026 guidance, projecting reported net sales between $675 million and $690 million and non-GAAP diluted EPS between $6.05 and $6.35. This growth was primarily fueled by the company's core maintenance products segment, which saw a 26% increase in sales in fiscal Q3 2026, comprising 97% of total net sales. The growth was broad-based across all three geographic segments, with Americas sales rising 29%, EIMEA increasing 17%, and Asia-Pacific growing 24%, underscoring the effectiveness of the company's strategic initiatives.

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Updated on 7/9/2026

WD-40 (WDFC) stock has gained about 20% since 3/31/2026 because of the following key factors:

1. Strong Fiscal Q2 and Q3 2026 Financial Results Exceeding Expectations: WD-40 reported impressive results for fiscal Q2 2026 (ended February 28, 2026) on April 9, 2026, with earnings per share (EPS) of $1.50 beating estimates by 7.14% and revenue of $161.7 million exceeding forecasts by 4.39%. This positive momentum significantly accelerated with its fiscal Q3 2026 results (ended May 31, 2026), reported on July 9, 2026. For Q3, net sales surged 24% year-over-year to $195.1 million, substantially surpassing analyst estimates of $172.8 million. Diluted EPS for Q3 was $2.24, a 45% increase year-over-year, and non-GAAP adjusted diluted EPS of $2.33 notably beat consensus estimates of $1.59 by 47.47%.

2. Upgraded Fiscal Year 2026 Outlook and Robust Core Product Growth: Following the strong Q3 fiscal 2026 performance, WD-40 raised its fiscal year 2026 guidance, projecting reported net sales between $675 million and $690 million and non-GAAP diluted EPS between $6.05 and $6.35. This growth was primarily fueled by the company's core maintenance products segment, which saw a 26% increase in sales in fiscal Q3 2026, comprising 97% of total net sales. The growth was broad-based across all three geographic segments, with Americas sales rising 29%, EIMEA increasing 17%, and Asia-Pacific growing 24%, underscoring the effectiveness of the company's strategic initiatives.

3. Enhanced Shareholder Returns via New Share Repurchase Authorization: On June 15, 2026, WD-40's Board of Directors authorized a new share repurchase program of up to $100 million with no expiration date. This authorization demonstrates strong confidence in the company's financial health and its commitment to delivering value to shareholders. Additionally, during fiscal Q3 2026, the company repurchased 31,250 shares for $6.8 million.

4. Positive Analyst Coverage and Favorable Price Targets: Analyst sentiment turned increasingly positive within the period, notably with Northcoast Research initiating coverage on WD-40 on June 24, 2026, with a "Buy" rating and a $265 price target, which contributed to an immediate 6.8% jump in the stock price. The overall consensus analyst rating for WD-40 is "Buy," with an average price target of $270.00, reflecting optimistic expectations for the company's future performance.

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Stock Movement Drivers

Fundamental Drivers

The 18.0% change in WDFC stock from 3/31/2026 to 7/9/2026 was primarily driven by a 31.7% change in the company's P/E Multiple.
(LTM values as of)33120267092026Change
Stock Price ($)202.92239.4218.0%
Change Contribution By: 
Total Revenues ($ Mil)6216362.5%
Net Income Margin (%)14.4%12.6%-12.8%
P/E Multiple30.740.431.7%
Shares Outstanding (Mil)14130.3%
Cumulative Contribution18.0%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2026 to 7/9/2026
ReturnCorrelation
WDFC18.0% 
Market (SPY)15.6%1.5%
Sector (XLP)1.5%49.1%

Fundamental Drivers

The 22.8% change in WDFC stock from 12/31/2025 to 7/9/2026 was primarily driven by a 39.2% change in the company's P/E Multiple.
(LTM values as of)123120257092026Change
Stock Price ($)194.94239.4222.8%
Change Contribution By: 
Total Revenues ($ Mil)6206362.7%
Net Income Margin (%)14.7%12.6%-14.4%
P/E Multiple29.040.439.2%
Shares Outstanding (Mil)14130.4%
Cumulative Contribution22.8%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 7/9/2026
ReturnCorrelation
WDFC22.8% 
Market (SPY)10.5%-1.4%
Sector (XLP)7.7%37.4%

Fundamental Drivers

The 7.0% change in WDFC stock from 6/30/2025 to 7/9/2026 was primarily driven by a 13.7% change in the company's P/E Multiple.
(LTM values as of)63020257092026Change
Stock Price ($)223.77239.427.0%
Change Contribution By: 
Total Revenues ($ Mil)6116364.2%
Net Income Margin (%)14.0%12.6%-10.1%
P/E Multiple35.540.413.7%
Shares Outstanding (Mil)14130.5%
Cumulative Contribution7.0%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2025 to 7/9/2026
ReturnCorrelation
WDFC7.0% 
Market (SPY)22.7%-1.3%
Sector (XLP)4.9%41.3%

Fundamental Drivers

The 33.3% change in WDFC stock from 6/30/2023 to 7/9/2026 was primarily driven by a 25.0% change in the company's Total Revenues ($ Mil).
(LTM values as of)63020237092026Change
Stock Price ($)179.61239.4233.3%
Change Contribution By: 
Total Revenues ($ Mil)50963625.0%
Net Income Margin (%)11.7%12.6%7.0%
P/E Multiple40.840.4-1.1%
Shares Outstanding (Mil)14130.7%
Cumulative Contribution33.3%

LTM = Last Twelve Months as of date shown

Market Drivers

6/30/2023 to 7/9/2026
ReturnCorrelation
WDFC33.3% 
Market (SPY)75.6%14.7%
Sector (XLP)20.9%32.5%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
WDFC Return-7%-33%51%3%-17%26%1%
Peers Return8%-13%5%19%-7%5%16%
S&P 500 Return27%-19%24%23%16%9%99%

Monthly Win Rates [3]
WDFC Win Rate33%42%50%50%50%71% 
Peers Win Rate57%42%50%63%40%60% 
S&P 500 Win Rate75%42%67%75%67%43% 

Max Drawdowns [4]
WDFC Max Drawdown-36%-41%-14%-22%-24%-22% 
Peers Max Drawdown-16%-28%-21%-14%-24%-20% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: CLX, MMM, ITW, PG, CL. See WDFC Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 7/9/2026 (YTD)

How Low Can It Go

EventWDFCS&P 500
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-12.2%-9.5%
  % Gain to Breakeven13.9%10.5%
  Time to Breakeven56 days24 days
2022 Inflation Shock & Fed Tightening
  % Loss-38.1%-24.5%
  % Gain to Breakeven61.5%32.4%
  Time to Breakeven394 days427 days
2020 COVID-19 Crash
  % Loss-18.5%-33.7%
  % Gain to Breakeven22.6%50.9%
  Time to Breakeven44 days140 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-22.6%-17.9%
  % Gain to Breakeven29.1%21.8%
  Time to Breakeven32 days123 days
2010 Eurozone Sovereign Debt Crisis / Flash Crash
  % Loss-12.5%-15.4%
  % Gain to Breakeven14.3%18.2%
  Time to Breakeven32 days125 days
2008-2009 Global Financial Crisis
  % Loss-42.3%-53.4%
  % Gain to Breakeven73.3%114.4%
  Time to Breakeven408 days1085 days

Compare to CLX, MMM, ITW, PG, CL

In The Past

WD-40's stock fell -6.6% during the 2025 US Tariff Shock. Such a loss loss requires a 7.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventWDFCS&P 500
2022 Inflation Shock & Fed Tightening
  % Loss-38.1%-24.5%
  % Gain to Breakeven61.5%32.4%
  Time to Breakeven394 days427 days
2011 US Debt Ceiling Crisis & European Contagion
  % Loss-22.6%-17.9%
  % Gain to Breakeven29.1%21.8%
  Time to Breakeven32 days123 days
2008-2009 Global Financial Crisis
  % Loss-42.3%-53.4%
  % Gain to Breakeven73.3%114.4%
  Time to Breakeven408 days1085 days

Compare to CLX, MMM, ITW, PG, CL

In The Past

WD-40's stock fell -6.6% during the 2025 US Tariff Shock. Such a loss loss requires a 7.1% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About WD-40 (WDFC)

WD-40 Company (WDFC) is a global manufacturer and seller of maintenance, homecare, and cleaning products. The company is best known for its iconic WD-40 Multi-Use Product, a multi-purpose aerosol spray, alongside a range of specialized maintenance solutions under brands like WD-40 Specialist, 3-IN-ONE, and GT85, which cater to various needs from lubrication to rust removal.

Beyond its core maintenance offerings, WD-40 diversifies its product portfolio with several prominent homecare and cleaning brands. These include automatic toilet bowl cleaners such as 2000 Flushes and X-14, carpet stain and odor eliminators like Spot Shot and Carpet Fresh, and heavy-duty hand cleaners under the Lava and Solvol brand names. This diverse product range appeals to both professional and household consumers.

The company serves a broad customer base across the Americas, Europe, the Middle East, Africa, and the Asia Pacific region. It distributes its products through an extensive network of retail channels, including hardware stores, automotive parts outlets, mass retailers, home center stores, grocery stores, warehouse clubs, industrial distributors, and online retailers, making its products widely accessible to various markets globally.

AI Analysis | Feedback

Here are a few analogies for WD-40 Company (WDFC):

  • It's like Clorox, but instead of bleach, their most iconic product is a multi-purpose lubricant, alongside various household cleaning brands.
  • Imagine a smaller, more specialized version of Procter & Gamble, focusing on iconic maintenance sprays and various household cleaning solutions.

AI Analysis | Feedback

  • WD-40 Multi-Use: A line of multi-purpose maintenance products available in various forms like aerosol sprays and liquid-bulk.
  • WD-40 Specialist: Specialty maintenance products including penetrants, degreasers, corrosion inhibitors, greases, and rust removers.
  • WD-40 Bike: A brand encompassing various professional spray maintenance products and lubricants designed for the bike market.
  • 3-IN-ONE: Multi-purpose and specialty drip oils and spray lubricant products.
  • GT85: Professional spray maintenance products and lubricants specifically for the bike market.
  • 2000 Flushes: Automatic toilet bowl cleaners.
  • Spot Shot: Aerosol and liquid trigger carpet stain and odor eliminators.
  • Carpet Fresh: Room and rug deodorizers.
  • 1001: Carpet and household cleaners, and rug and room deodorizers.
  • Lava: Heavy-duty hand cleaner products sold in the United States.
  • Solvol: Heavy-duty hand cleaner products sold in Australia.
  • X-14: Automatic toilet bowl cleaners.

AI Analysis | Feedback

WD-40 Company (WDFC) sells its products primarily to other companies that act as retailers and distributors. These companies then sell WD-40 products to individual consumers and businesses.

Based on the provided description, major categories of customers and examples of prominent public companies within those categories include:

  • Mass Retailers & Warehouse Clubs:
    • Walmart Inc. (WMT)
    • Target Corporation (TGT)
    • Costco Wholesale Corporation (COST)
    • Amazon.com, Inc. (AMZN)
  • Home Improvement & Hardware Stores:
    • The Home Depot, Inc. (HD)
    • Lowe's Companies, Inc. (LOW)
  • Automotive Parts Retailers:
    • AutoZone, Inc. (AZO)
    • O'Reilly Automotive, Inc. (ORLY)
  • Industrial Distributors & Suppliers:
    • W.W. Grainger, Inc. (GWW)
  • Farm Supply Retailers:
    • Tractor Supply Company (TSCO)
  • Grocery Stores:
    • The Kroger Co. (KR)

AI Analysis | Feedback

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Steve Brass, President, Chief Executive Officer & Director

Steve Brass became President and Chief Executive Officer of WD-40 Company effective September 1, 2022. He joined the company in 1991 and has held various management positions, including division president for the Americas and chief brand officer, European commercial director, European sales director, director of continental Europe, country manager Germany, and international area manager. Prior to his CEO role, he served as President and Chief Operating Officer starting in 2019. A native of the United Kingdom, he holds a bachelor's degree in French and German, and an executive MBA from the London Business School. Brass is passionate about the power of learning, building a global business, and leveraging culture as a competitive advantage.

Sara Hyzer, Vice President, Finance, Treasurer and Chief Financial Officer

Sara Hyzer was appointed Chief Financial Officer of WD-40 Company, effective November 1, 2022. Before assuming the CFO role, she served as vice president, global finance strategy at WD-40 Company. She joined the company in 2021. Prior to her time at WD-40 Company, Ms. Hyzer spent over 20 years at PricewaterhouseCoopers LLP, where she served as an audit partner for six years, working with both publicly traded and privately held companies across various industries, including consumer products and life sciences. She is a Certified Public Accountant in California and holds a Bachelor of Science in Accounting from Colorado State University.

Garry Ridge, Chairman Emeritus & Strategic Advisor

Garry Ridge served as the Chairman and Chief Executive Officer of WD-40 Company for 25 years, from 1997 until his retirement as CEO on August 31, 2022. He joined the company in 1987 and held various management positions, including executive vice president and chief operating officer, and vice president of international. Ridge is widely recognized for developing and implementing a "people-first" or "tribe" organizational culture at WD-40 Company and led the global expansion of the WD-40® Brand to over 176 countries. He co-authored the book "Helping People Win at Work: A Business Philosophy called 'Don't Mark My Paper, Help Me Get an A'" with Ken Blanchard. He also serves as an adjunct professor at the University of San Diego, teaching leadership development and talent management.

Patricia Olsem, Division President, Americas

Patricia Olsem holds the title of Division President, Americas, and Senior Vice President of USA Brand Management and Americas Innovation for the WD-40 Company. She is responsible for all aspects of the business and long-range strategic plans for the Americas Trading Bloc, which includes Canada and Latin America. Ms. Olsem has over 20 years of experience in marketing and innovation for Consumer Packaged Goods (CPG) companies in New York, New Jersey, and Southern California. She earned a Master of Science in Executive Leadership from the University of San Diego in 2016 and an undergraduate degree in Marketing and Business Administration from King's College.

Phenix Q. Kiamilev, Vice President, General Counsel And Corporate Secretary

Phenix Q. Kiamilev serves as the Vice President, General Counsel, and Corporate Secretary for the WD-40 Company.

AI Analysis | Feedback

Key Risks to WD-40 Company (WDFC)

  1. Over-reliance on Flagship Product and Intense Competitive Pressure: WD-40 Company faces a significant strategic risk due to its substantial reliance on the WD-40 Multi-Use Product, which constitutes a large portion of its total net sales. While the company has diversified with lines like WD-40 Specialist, over-reliance on a single flagship product could pose risks if market dynamics shift. The market for maintenance and cleaning products is highly competitive, with numerous players including industrial giants and private labels vying for market share, necessitating continuous innovation and differentiation to maintain its competitive edge.
  2. Volatility in Input Costs, Supply Chain Disruptions, and Foreign Currency Fluctuations: The company's profitability is sensitive to external factors such as commodity price volatility, particularly for petroleum-based products and aerosol can costs. Supply chain disruptions and increased freight costs also pose operational challenges that can erode profit margins. Furthermore, with a global operational footprint, WD-40 is exposed to significant foreign currency exchange rate risks, where fluctuations can unfavorably impact reported sales and profits.
  3. Economic Fluctuations, Increased Operating Expenses, and Regulatory Changes: Economic downturns can lead to reduced consumer spending, especially on non-essential goods, thereby affecting WD-40's sales and profitability. The company has also experienced rising operating expenses, including higher employee-related expenses and increased freight costs, which challenge its ability to maintain profitability margins. Additionally, WD-40 operates in a regulatory environment subject to changes, such as stricter environmental regulations (e.g., Volatile Organic Compound or VOC regulations), which can impose cost pressures and compliance burdens.

AI Analysis | Feedback

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AI Analysis | Feedback

The addressable markets for WD-40 Company's main products and services encompass several significant global and regional segments, primarily divided into maintenance products and homecare/cleaning products. For their **multi-purpose and specialty maintenance products**, which include lubricants, penetrants, degreasers, corrosion inhibitors, and rust removers (under brands like WD-40 Multi-Use, WD-40 Specialist, 3-IN-ONE, and GT85):
  • The global lubricant and grease market was estimated at USD 128.2 billion in 2024 and is projected to reach USD 181.72 billion by 2035. North America is expected to hold the largest market share in this category, with a valuation of USD 40.23 billion in 2023, followed by Europe at USD 32.11 billion. Asia-Pacific is projected to exhibit the highest Compound Annual Growth Rate (CAGR) of 4.12% during the forecast period.
  • More specifically, the global grease market size was valued at USD 6.85 billion in 2025 and is projected to grow to USD 10.39 billion by 2034. Asia Pacific dominated the grease market with a 44.60% share in 2025.
  • The global industrial cleaning chemicals market was valued at USD 60.9 billion in 2024 and is expected to reach USD 98.6 billion by 2033. North America dominated this market in 2023 with a 39.1% market share.
  • The global automotive lubricants market was estimated at USD 72.05 billion in 2022 and is expected to grow to USD 94.87 billion by 2030. The Asia Pacific region dominated this market with a revenue share of 57.2% in 2022.
  • The market for automotive maintenance chemicals is projected to reach approximately USD 25 billion in 2025.
For their **homecare and cleaning products**, including automatic toilet bowl cleaners (2000 Flushes, X-14), carpet stain and odor eliminators (Spot Shot, Carpet Fresh, 1001), and heavy-duty hand cleaners (Lava, Solvol):
  • The global household cleaning products market was valued at USD 282.28 billion in 2025 and is projected to reach USD 413.57 billion by 2034. Asia Pacific held the largest market share of 36.70% in 2025. The U.S. household cleaning products market is projected to reach an estimated value of USD 85.22 billion by 2032.
  • The global toilet cleaner market reached USD 22.1 billion in 2024. Asia-Pacific led the market in terms of volume, with 1.4 billion units sold in 2024, representing 28% of global volume. North America consumed approximately 2.3 billion units in 2024, and Europe consumed about 2.8 billion units. The global toilet care market is poised for a significant increase of USD 2.9 billion between 2025 and 2029.
  • The global carpet cleaner market size was valued at USD 700.6 million in 2025 and is expected to reach USD 1,133.6 million by 2034. North America dominates the global carpet cleaner market. Another report valued the global carpet cleaning products market size at USD 1.81 billion in 2023.
  • The global hand wash market was valued at USD 4.43 billion in 2025 and is projected to grow to USD 8.52 billion by 2034. Asia Pacific dominated this market with a 31.42% share in 2025. The global liquid hand soap market size reached USD 47.70 billion in 2024 and is projected to surpass around USD 712.17 billion by 2034.

AI Analysis | Feedback

WD-40 Company (WDFC) is expected to drive future revenue growth over the next two to three years through several strategic initiatives and market dynamics:

  • Accelerated Growth in Maintenance Products, particularly the WD-40 Specialist Line: WD-40's "Must-Win Battles" strategy emphasizes accelerating revenue growth in maintenance products. The WD-40 Specialist line, a key component of this strategy, demonstrated an 18% global sales increase in Q1 FY26 and has a targeted compound annual growth rate (CAGR) of greater than 15% in reported currency. This product line has shown particularly strong performance in the Europe, India, Middle East, and Africa (EIMEA) region.
  • Geographic Expansion and Direct Market Penetration: The company is focused on expanding its global footprint and enhancing its direct market sales. Direct markets contributed 83% of global sales in Q1 FY26 and grew by 8%, aligning with long-term targets. Notable strength was observed in regions such as Latin America (up 12% in Q1 FY26 for the Americas segment) and the EIMEA segment. A strategic move in this direction was the acquisition of its Brazilian marketing distributor in fiscal year 2024, transitioning to a direct-to-retail model.
  • Premiumization of Product Portfolio: WD-40 is pursuing a premiumization strategy, focusing on elevating its product offerings with innovations such as WD-40 Smart Straw and EZ-REACH. These premium products collectively saw sales growth of 4% globally in Q1 FY26.
  • Growth in E-commerce Sales Channel: The company has identified e-commerce as a significant growth area, with sales through this channel increasing by 22% in the first quarter of fiscal year 2026.

AI Analysis | Feedback

Here is a summary of WD-40 Company's capital allocation decisions over the last 3-5 years:

Share Repurchases

  • On June 19, 2023, the board of directors approved a $50 million share repurchase plan, which became effective on September 1, 2023.
  • During fiscal year 2025 (ended August 31, 2025), the Company repurchased 50,250 shares at a total cost of $12.3 million under this plan.
  • As of August 31, 2025, $29.6 million remained available for future repurchases under the current authorization, and management intends to fully utilize this remaining authorization.
  • The company repurchased common stock worth $33.62 million in fiscal year 2024 and $3.67 million in fiscal year 2023.

Capital Expenditures

  • WD-40 Company reported capital expenditures of $4.772 million for the last twelve months (LTM).
  • Annual capital expenditures were $6.87 million in fiscal year 2025, $8.3 million in fiscal year 2024, and $15.06 million in fiscal year 2023.
  • The company operates with a "capital-light, efficient business model" which contributes to strong cash flow generation.

Better Bets vs. WD-40 (WDFC)

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Peer Comparisons

Peers to compare with:

Financials

WDFCCLXMMMITWPGCLMedian
NameWD-40 Clorox 3M Illinois.Procter .Colgate-. 
Mkt Price239.4293.07155.34265.48146.8591.01151.09
Mkt Cap3.211.382.276.5341.973.074.8
Rev LTM6366,76025,02416,22186,71820,79518,508
Op Inc LTM1051,0604,9494,28520,1534,1224,204
FCF LTM843802,0602,73915,0283,7672,400
FCF 3Y Avg895842,2162,84915,4053,4192,533
CFO LTM895762,9593,15719,4104,3453,058
CFO 3Y Avg947963,3683,28019,1434,0213,324

Growth & Margins

WDFCCLXMMMITWPGCLMedian
NameWD-40 Clorox 3M Illinois.Procter .Colgate-. 
Rev Chg LTM4.2%-3.7%2.1%2.9%3.3%4.3%3.1%
Rev Chg 3Y Avg7.8%-1.9%-0.4%0.5%2.3%4.3%1.4%
Rev Chg Q10.7%0.1%1.3%4.6%7.4%8.4%6.0%
QoQ Delta Rev Chg LTM2.5%0.0%0.3%1.1%1.7%2.0%1.4%
Op Inc Chg LTM5.3%-0.7%0.6%4.8%0.9%-5.4%0.7%
Op Inc Chg 3Y Avg9.9%17.0%-213.7%3.6%4.9%4.3%4.6%
Op Mgn LTM16.5%15.7%19.8%26.4%23.2%19.8%19.8%
Op Mgn 3Y Avg16.5%13.4%-0.9%26.2%23.7%21.0%18.8%
QoQ Delta Op Mgn LTM0.1%0.7%0.6%0.1%-0.4%-1.0%0.1%
CFO/Rev LTM14.0%8.5%11.8%19.5%22.4%20.9%16.7%
CFO/Rev 3Y Avg15.8%11.3%13.6%20.5%22.5%19.9%17.8%
FCF/Rev LTM13.2%5.6%8.2%16.9%17.3%18.1%15.1%
FCF/Rev 3Y Avg14.9%8.3%9.0%17.8%18.2%16.9%15.9%

Valuation

WDFCCLXMMMITWPGCLMedian
NameWD-40 Clorox 3M Illinois.Procter .Colgate-. 
Mkt Cap3.211.382.276.5341.973.074.8
P/S5.11.73.34.73.93.53.7
P/Op Inc30.810.716.617.917.017.717.3
P/EBIT30.410.417.817.715.722.417.7
P/E40.414.929.524.420.635.027.0
P/CFO36.219.627.824.217.616.821.9
Total Yield3.3%9.4%5.3%6.5%4.9%5.4%5.3%
Dividend Yield0.8%2.7%1.9%2.4%0.0%2.5%2.1%
FCF Yield 3Y Avg2.8%3.5%4.0%3.8%4.1%4.7%3.9%
D/E0.00.40.20.10.10.10.1
Net D/E0.00.30.10.10.10.10.1

Returns

WDFCCLXMMMITWPGCLMedian
NameWD-40 Clorox 3M Illinois.Procter .Colgate-. 
1M Rtn12.0%-5.5%-0.7%4.1%-1.2%3.7%1.5%
3M Rtn7.9%-12.4%3.7%-2.2%0.9%6.4%2.3%
6M Rtn18.8%-8.6%-5.1%5.9%5.3%13.9%5.6%
12M Rtn6.2%-22.8%1.5%4.8%-4.1%1.9%1.7%
3Y Rtn29.8%-33.6%109.5%14.2%6.6%28.7%21.5%
1M Excs Rtn14.6%-4.1%-0.9%4.0%-0.7%3.9%1.6%
3M Excs Rtn-1.5%-22.0%-6.5%-12.1%-9.1%-4.2%-7.8%
6M Excs Rtn13.0%-13.9%-14.3%-2.9%-2.1%10.7%-2.5%
12M Excs Rtn-15.0%-44.0%-18.2%-15.6%-25.5%-19.9%-19.1%
3Y Excs Rtn-36.5%-104.5%32.0%-56.3%-65.2%-42.7%-49.5%

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Maintenance products591558504485449
Homecare and cleaning products (HCCP)2933343339
Total620591537519488


Operating Income by Segment
$ Mil20152014201320122011
Americas4741392020
Europe, Middle East and Africa303431  
Asia Pacific1310987
Unallocated Corporate-24-22-23  
Europe   2428
Total6564575254


Assets by Segment
$ Mil2012201120102009
Americas188172196184
Europe99968470
Asia Pacific141298
Total301280289263


Price Behavior

Price Behavior
Market Price$239.42 
Market Cap ($ Bil)3.2 
First Trading Date03/26/1990 
Distance from 52W High-4.9% 
   50 Days200 Days
DMA Price$217.92$210.71
DMA Trendindeterminateup
Distance from DMA9.9%13.6%
 3M1YR
Volatility32.2%27.9%
Downside Capture-51.93-17.21
Upside Capture-1.17-6.06
Correlation (SPY)-3.4%-1.0%
WDFC Betas & Captures as of 6/30/2026

 1M2M3M6M1Y3Y
Beta-0.26-0.180.060.01-0.010.28
Up Beta-0.160.430.510.080.090.18
Down Beta0.970.13-0.480.130.090.25
Up Capture50%13%34%15%-2%13%
Bmk +ve Days11244067140429
Stock +ve Days14233672130390
Down Capture-184%-115%-54%-39%-24%60%
Bmk -ve Days10172358112321
Stock -ve Days7182753122361

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WDFC
WDFC6.2%27.9%0.20-
Sector ETF (XLP)4.4%13.4%0.0741.1%
Equity (SPY)22.3%12.5%1.33-1.7%
Gold (GLD)24.4%27.8%0.77-2.1%
Commodities (DBC)23.6%18.7%1.00-21.4%
Real Estate (VNQ)13.2%13.9%0.6527.6%
Bitcoin (BTCUSD)-42.8%42.8%-1.18-10.0%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WDFC
WDFC0.3%30.9%0.04-
Sector ETF (XLP)6.2%13.4%0.2435.4%
Equity (SPY)13.4%17.1%0.6125.2%
Gold (GLD)18.0%18.3%0.802.2%
Commodities (DBC)7.5%19.5%0.28-4.5%
Real Estate (VNQ)2.9%18.9%0.0633.3%
Bitcoin (BTCUSD)12.3%53.5%0.428.3%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with WDFC
WDFC9.4%29.6%0.36-
Sector ETF (XLP)7.3%14.8%0.3639.5%
Equity (SPY)15.8%17.9%0.7532.5%
Gold (GLD)11.7%16.1%0.590.4%
Commodities (DBC)6.1%18.0%0.271.4%
Real Estate (VNQ)5.2%20.7%0.2234.4%
Bitcoin (BTCUSD)58.0%66.2%0.989.7%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date6152026
Short Interest: Shares Quantity0.6 Mil
Short Interest: % Change Since 53120265.6%
Average Daily Volume0.2 Mil
Days-to-Cover Short Interest3.8 days
Basic Shares Quantity13.5 Mil
Short % of Basic Shares4.4%

Earnings Returns History

Updated 7/9/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/9/2026   
4/9/2026-4.0%-8.7%-6.2%
1/8/2026-6.6%1.1%17.2%
10/22/20252.8%-4.8%-1.7%
7/10/2025-0.7%-1.8%-2.0%
4/8/2025-8.2%-6.2%-1.7%
1/10/2025-5.8%-3.3%-3.4%
10/17/2024-4.8%1.5%5.7%
...
SUMMARY STATS   
# Positive101212
# Negative141212
Median Positive5.6%6.1%11.0%
Median Negative-6.2%-5.5%-4.3%
Max Positive18.8%20.8%28.4%
Max Negative-14.9%-19.2%-21.3%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/9/2026   
4/9/2026-4.0%-8.7%-6.2%
1/8/2026-6.6%1.1%17.2%
10/22/20252.8%-4.8%-1.7%
7/10/2025-0.7%-1.8%-2.0%
4/8/2025-8.2%-6.2%-1.7%
1/10/2025-5.8%-3.3%-3.4%
10/17/2024-4.8%1.5%5.7%
7/10/20244.0%15.5%15.6%
4/9/2024-8.6%-9.1%-7.5%
1/9/202415.2%16.0%12.7%
10/19/2023-0.4%3.4%8.3%
7/10/202318.5%16.3%15.3%
4/6/2023-3.5%1.6%3.8%
1/9/20231.0%7.9%7.3%
10/19/2022-11.5%-7.4%0.8%
7/7/2022-14.9%-19.2%-12.7%
4/7/20227.1%8.9%9.4%
1/6/20223.0%4.3%-6.7%
10/19/2021-8.8%-1.4%-0.7%
7/7/20210.5%-3.5%-5.3%
4/8/2021-9.5%-16.5%-21.3%
1/7/202111.7%4.0%20.7%
10/20/202018.8%20.8%28.4%
7/9/2020-3.2%-2.6%-1.8%
SUMMARY STATS   
# Positive101212
# Negative141212
Median Positive5.6%6.1%11.0%
Median Negative-6.2%-5.5%-4.3%
Max Positive18.8%20.8%28.4%
Max Negative-14.9%-19.2%-21.3%

SEC Filings

Expand for More
Report DateFiling DateFiling
02/28/202604/09/202610-Q
11/30/202501/08/202610-Q
08/31/202510/27/202510-K
05/31/202507/10/202510-Q
02/28/202504/09/202510-Q
11/30/202401/10/202510-Q
08/31/202410/21/202410-K
05/31/202407/10/202410-Q
02/29/202404/09/202410-Q
11/30/202301/09/202410-Q
08/31/202310/23/202310-K
05/31/202307/10/202310-Q
02/28/202304/06/202310-Q
11/30/202201/09/202310-Q
08/31/202210/24/202210-K
05/31/202207/07/202210-Q
Collapse to Preview
Report DateFiling DateFiling
02/28/202604/09/202610-Q
11/30/202501/08/202610-Q
08/31/202510/27/202510-K
05/31/202507/10/202510-Q
02/28/202504/09/202510-Q
11/30/202401/10/202510-Q
08/31/202410/21/202410-K
05/31/202407/10/202410-Q
02/29/202404/09/202410-Q
11/30/202301/09/202410-Q
08/31/202310/23/202310-K
05/31/202307/10/202310-Q
02/28/202304/06/202310-Q
11/30/202201/09/202310-Q
08/31/202210/24/202210-K
05/31/202207/07/202210-Q
02/28/202204/07/202210-Q
11/30/202101/06/202210-Q
08/31/202110/22/202110-K
05/31/202107/07/202110-Q
02/28/202104/08/202110-Q
11/30/202001/07/202110-Q
08/31/202010/21/202010-K
05/31/202007/09/202010-Q
02/29/202004/09/202010-Q
11/30/201901/09/202010-Q
08/31/201910/22/201910-K
05/31/201907/09/201910-Q

Recent Forward Guidance

Updated 7/9/2026

Latest: Q3 2026 Earnings Reported 7/9/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Sales (Constant Currency)652.00 Mil659.50 Mil 2.6% RaisedGuidance: 642.50 Mil for 2026
2026 Reported Net Sales675.00 Mil682.50 Mil 6.2% RaisedGuidance: 642.50 Mil for 2026
2026 Gross Margin54.5%55.0%  -1.0%LoweredGuidance: 56.0% for 2026
2026 Non-GAAP Operating Income107.00 Mil110.00 Mil 3.3% RaisedGuidance: 106.50 Mil for 2026
2026 Provision for Income Tax 0.23  -0.5%LoweredGuidance: 0.23 for 2026
2026 Non-GAAP Diluted EPS6.056.2 4.2% RaisedGuidance: 5.95 for 2026

Prior: Q2 2026 Earnings Reported 4/9/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Sales Growth5.0%7.0%9.0% 0.0%AffirmedGuidance: 7.0% for 2026
2026 Net Sales630.00 Mil642.50 Mil655.00 Mil0.0% AffirmedGuidance: 642.50 Mil for 2026
2026 Gross Margin55.5%56.0%56.5% 0.0%AffirmedGuidance: 56.0% for 2026
2026 Advertising and promotion investments 0.06    
2026 Operating Income103.00 Mil106.50 Mil110.00 Mil0.0% AffirmedGuidance: 106.50 Mil for 2026
2026 Provision for income tax0.230.230.23   
2026 Diluted earnings per share5.755.956.150.0% AffirmedGuidance: 5.95 for 2026

Q1 2026 Earnings Reported 1/8/2026

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Sales630.00 Mil642.50 Mil655.00 Mil0 AffirmedGuidance: 642.50 Mil for 2026
2026 Net Sales Growth5.0%7.0%9.0% 0AffirmedGuidance: 7.0% for 2026
2026 Gross Margin55.5%56.0%56.5% 0AffirmedGuidance: 56.0% for 2026
2026 Operating Income103.00 Mil106.50 Mil110.00 Mil0 AffirmedGuidance: 106.50 Mil for 2026
2026 Diluted EPS5.755.956.150 AffirmedGuidance: 5.95 for 2026

Q4 2025 Earnings Reported 10/22/2025

Forward GuidanceGuidance Change
MetricLowMidHigh% Chg% DeltaChangePrior
2026 Net Sales630.00 Mil642.50 Mil655.00 Mil5.3% Higher NewGuidance: 610.00 Mil for 2025
2026 Net Sales Growth5.0%7.0%9.0% -0.5%Lower NewGuidance: 7.5% for 2025
2026 Gross Margin55.5%56.0%56.5% 0.5%Higher NewGuidance: 55.5% for 2025
2026 Operating Income103.00 Mil106.50 Mil110.00 Mil8.1% Higher NewGuidance: 98.50 Mil for 2025
2026 Diluted EPS5.755.956.159.2% Higher NewGuidance: 5.45 for 2025

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Pendarvis, David DirectBuy2062026247.15424104,7921,704,841Form
2Etchart, Eric DirectBuy10302025194.0250097,0101,623,947Form
3Pendarvis, David DirectBuy10302025196.37523102,7021,151,121Form
4Kiamilev, Phenix QVP, GC & Chief Compliance OfcrTrustBuy10292025200.465511,025862,579Form
5Brass, Steven APresident and CEODirectBuy10292025200.4636272,5676,767,730Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Pendarvis, David DirectBuy2062026247.15424104,7921,704,841Form
2Etchart, Eric DirectBuy10302025194.0250097,0101,623,947Form
3Pendarvis, David DirectBuy10302025196.37523102,7021,151,121Form
4Kiamilev, Phenix QVP, GC & Chief Compliance OfcrTrustBuy10292025200.465511,025862,579Form
5Brass, Steven APresident and CEODirectBuy10292025200.4636272,5676,767,730Form
6Hyzer, Sara KathleenVP, Finance & CFODirectBuy10292025200.4620040,0921,189,730Form
7Carter, Daniel T DirectBuy10272025199.371,000199,3701,436,461Form
8Hyzer, Sara KathleenVP, Finance & CFODirectBuy4152025222.8325657,044907,364Form
Core Cache Last Updated: 7/9/2026