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Makes WD-40 multi-use lubricant plus other maintenance products such as 3-IN-ONE oil and Lava soap.
Makes WD-40 multi-use lubricant plus other maintenance products such as 3-IN-ONE oil and Lava soap.
Outsources nearly all manufacturing to contract packagers and concentrates on marketing and distribution. Costs follow petroleum-based raw materials, so it must pass price changes on to retailers and distributors.
Moat: wide (brand, distribution). WD-40 is a globally dominant, near-generic brand name in multi-use lubricants with unmatched retail penetration.
Headquarters: San Diego, California, United States · Founded: 1953 · Employees: 753
Size WD-40 (WDFC) is a United States Materials company (Industrial Specialties) with a market value of $2.97B, the 1565th largest of 3,117 United States companies the cockpit tracks. Shares closed at $221.58 on 6 Nov 2026.
Performance Over six months the shares gained 6.5%, against -13.0% for the median peer and -1.1% for the United States market (cap-weighted) — 7th highest of 19 in its peer set.
Growth Revenue grew 11.0% over the last twelve months (peer median +8.5%); the operating margin is 15.8% (peer median 11.2%).
Valuation It trades at 33.9× forward earnings against a peer median of 31.9× (8th most expensive of 16).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is +7%, so the hurdle is -5 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 22.1 points above its cost of capital (6.3% WACC).
Short interest Short interest is 3.6% of the free float (15 Oct 2026).
Next results Next results expected around 13 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2026 | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|---|
| Revenue | $688M | $688M | $620M | $591M | $537M |
| Revenue growth | — | +11% | +5% | +10% | — |
| Gross profit | $373M | $373M | $336M | $309M | $269M |
| EBITDA | $121M | $121M | $114M | $107M | $97.9M |
| Net income | $82.1M | $82.1M | $90.7M | $69.4M | $65.7M |
| Free cash flow | $97.6M | $97.6M | $83.4M | $87.8M | $91.5M |
| Capital expenditure | $7.40M | $7.40M | $4.53M | $4.21M | $6.87M |
| Total debt | $101M | $101M | $97.7M | $103M | $129M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| WD-40 WDFC | $2.97B | +6% | +11% | 16% | 33.9× | 2.2% |
| 3M MMM | $95.7B | +30% | +2% | 21% | 19.2× | 11.3% |
| Henkel AG & Co. KGaA HEN.DE | $35.4B | +25% | -3% | 15% | 13.6× | -1.9% |
| RPM International RPM | $13.2B | +2% | +6% | 13% | 16.9× | 7.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | WDFC | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +8.7% | -14.7% | highest of 20 |
| 6-month return | +6.5% | -13.0% | 7th highest of 19 |
| Distance from 52-week high | -25.9% | -38.7% | 5th highest of 20 |
| Revenue growth (TTM) | +11.0% | +8.5% | 10th highest of 21 |
| Operating margin | 15.8% | 11.2% | 6th highest of 21 |
| Forward P/E | 33.9× | 31.9× | 8th most expensive of 16 |
| Growth the price implies (Req g, 7 yrs) | 2.2% | 13.0% | 3rd least demanding of 13 |
| Growth delivered (Del g) | +7.1% | +11.1% | 3rd lowest of 13 |
| Hurdle (Req g minus delivered) | -4.9 pp | -4.4 pp | 7th least demanding of 13 |
| ROIC minus cost of capital | +22.1 pp | -0.1 pp | highest of 21 |
| EV / EBITDA | 24.7× | 22.6× | 6th cheapest of 11 |
| Net debt / EBITDA | 0.2× | 0.9× | 4th least indebted of 11 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| WD-40 WDFC | United States | $2.97B | +6% | +11% | 16% | 33.9× | 2.2% | +7.1% |
| Flat Glass 601865.SS | China | $3.03B | -30% | -23% | -2% | n/a | 8.2% | +20.0% |
| Himadri Speciality Chemical HSCL.NS | India | $3.04B | -8% | +25% | 20% | 31.9× | n/a | n/a |
| Kinik 1560.TW | Taiwan | $3.04B | +17% | +19% | 19% | 35.7× | 34.8% | +9.6% |
| SKSHU Paint 603737.SS | China | $3.14B | -33% | 0% | 4% | 29.5× | 27.7% | +8.9% |
| Jiangsu Pacific Quartz 603688.SS | China | $2.78B | -38% | +15% | 10% | 82.1× | n/a | n/a |
| Kansai Paint 4613.T | Japan | $3.23B | +29% | +3% | 8% | 19.1× | 2.3% | +10.1% |
| GCL Technology 3800.HK | Hong Kong | $2.71B | -30% | +25% | -22% | n/a | n/a | n/a |
| H.B. Fuller FUL | United States | $2.68B | -19% | +1% | 11% | 9.5× | 3.5% | +4.5% |
| DIC 4631.T | Japan | $2.68B | +25% | +6% | 7% | 9.3× | -1.0% | +8.5% |
| Crown New Materials Techn Co L 001381.SZ | China | $3.33B | n/a | +8% | 10% | n/a | n/a | n/a |
| China Hainan Rubber Industry 601118.SS | China | $3.36B | -27% | -37% | -3% | 104.6× | 2.9% | +22.2% |
| Shenzhen Leading Semiconductor Industry 603991.SS | China | $2.60B | +12% | +996% | 10% | n/a | 21.7% | +12.0% |
| Xizang Gaozheng Civil Explosives 002827.SZ | China | $2.53B | +92% | -1% | 12% | 108.9× | n/a | n/a |
| Shaanxi Huaqin Technology Industry 688281.SS | China | $2.50B | -18% | +31% | 15% | 34.7× | 27.5% | +24.7% |
| Quanzhou Jiadeli Electronic Materials 603435.SS | China | $2.49B | n/a | +4% | 38% | n/a | n/a | n/a |
| Sichuan Yahua Industrial 002497.SZ | China | $2.48B | -56% | +69% | 18% | 6.2× | n/a | n/a |
| Shanghai Sinyang Semiconductor Materials 300236.SZ | China | $3.58B | -20% | +33% | 15% | 54.8× | n/a | n/a |
| Pamica Technology 001359.SZ | China | $2.41B | -1% | +23% | 23% | 36.2× | 38.0% | +12.1% |
| UFP Technologies UFPT | United States | $2.35B | +32% | +9% | 15% | 28.3× | 17.8% | +27.4% |
| Zeon 4205.T | Japan | $2.34B | +6% | +4% | 11% | 9.1× | -1.5% | +6.4% |