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WD-40 Company
(NASDAQ:WDFC)
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Rating:69Neutral
Price Target:
$227.00
▲(3.69% Upside)
Action:Downgraded
Date:09/06/26
The score is driven primarily by strong financial quality (notably a much stronger balance sheet and solid profitability) and a generally positive earnings outlook with raised/narrowed guidance. These positives are tempered by clearly bearish technical signals (price below major moving averages, negative MACD) and a relatively expensive valuation (P/E ~31x), which together reduce near-term risk-adjusted attractiveness.
Positive Factors
Strong revenue growth and global maintenance-product demand
Broad-based growth in the core maintenance portfolio demonstrates strong brand demand across regions and channels. Continued expansion in direct markets, distributors, and retail outlets can support durable revenue gains while increasing the scale benefits of WD-40’s established global distribution platform.
Negative Factors
Operating-margin compression below the gross-profit line
The lower operating margin indicates that stronger gross profitability has not fully translated into operating earnings. If selling, advertising, administrative, or other operating costs remain elevated, margin recovery may lag revenue growth and reduce the company’s ability to compound earnings at its historical pace.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth and global maintenance-product demand
Broad-based growth in the core maintenance portfolio demonstrates strong brand demand across regions and channels. Continued expansion in direct markets, distributors, and retail outlets can support durable revenue gains while increasing the scale benefits of WD-40’s established global distribution platform.
Read all positive factors
WD-40 Company Key Performance Indicators (KPIs)
Any
Operating Income by Geography
Shows how much profit the company generates in each region after operating costs, highlighting where margins are strongest or weakest. Useful for spotting regions that drive profitability versus those that need cost control, and for assessing exposure to currency swings, local pricing pressure, or higher distribution and manufacturing costs.
Shows how much profit the company generates in each region after operating costs, highlighting where margins are strongest or weakest. Useful for spotting regions that drive profitability versus those that need cost control, and for assessing exposure to currency swings, local pricing pressure, or higher distribution and manufacturing costs.
Data provided by:
The Fly
The FlyWD-40 Company (WDFC) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$2.55B
Dividend Yield2.11%
Average Volume (3M)96.84K
Price to Earnings (P/E)28.7
Beta (1Y)0.07
Revenue Growth10.15%
EPS Growth3.57%
CountryUS
Employees714
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)6.60
Shares Outstanding13,421,096
10 Day Avg. Volume97,125
30 Day Avg. Volume96,841
Financial Highlights & Ratios
PEG Ratio1.04
Price to Book (P/B)10.91
Price to Sales (P/S)4.72
P/FCF Ratio35.09
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$275.00Price Target Upside25.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)6.53
Revenue Forecast (FY)$729.80M
WD-40 Company Business Overview & Revenue Model
Company Description
Operating globally across the Americas, Europe, the Middle East, Africa, and the Asia Pacific, WD-40 Company specializes in manufacturing and distributing a comprehensive array of maintenance, homecare, and cleaning products. Its maintenance solut...
How the Company Makes Money
WD-40 Company makes money by selling branded maintenance and homecare products to distributors and retailers, generating revenue primarily from product sales rather than subscriptions or services. Its key revenue stream is the WD-40 Multi-Use Prod...
WD-40 Company Earnings Call Summary
Earnings Call Date:Jul 09, 2026
(Q3-2026)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Positive
The call highlighted strong top-line growth (24% YoY), record maintenance-product sales, meaningful operating leverage (47% operating income growth) and margin expansion (adjusted EBITDA margin up to 23%), supported by successful promotions, distribution gains, digital commerce growth and targeted premiumization. Near-term headwinds include elevated input costs driven by geopolitical events, some demand phasing from advanced buying (~$3M shift), and the reclassification of the home care & cleaning portfolio (one-time $1.3M amortization and ongoing harvest management). Management has enacted pricing and cost-saving measures, introduced an enduring business model aiming for EBITDA growth ahead of revenue, and provided narrowed FY26 guidance with positive growth expectations. Overall, the positives from strong revenue, profitability expansion and clear strategic levers to protect margins outweigh the transitory cost and phasing challenges.Positive Updates
Strong Consolidated Revenue Growth
Consolidated net sales increased 24% year over year to $195.0M in Q3 FY26, driven by maintenance products which represent 97% of net sales and rose 26% to $190M (up 22% on a constant currency basis).
Negative Updates
Near-Term Input Cost Pressure from Middle East Events
Recent geopolitical developments increased input costs materially (specialty chemicals and base oils rose in some cases 50% or more over a short period), which will pressure gross margins in the near term as higher-cost inventory flows through production.
Read all updates
Q3-2026 Updates
Positive
Negative
Strong Consolidated Revenue Growth
Consolidated net sales increased 24% year over year to $195.0M in Q3 FY26, driven by maintenance products which represent 97% of net sales and rose 26% to $190M (up 22% on a constant currency basis).
Read all positive updates
Company Guidance
WD‑40 updated its fiscal 2026 non‑GAAP guidance to constant‑currency net sales of $652–$667M (growth of 6–9% vs. pro‑forma FY25 sales of $614M) and reported net sales of $675–$690M (growth of 10–12%), which includes roughly $12M of sales from Americas home care & cleaning assets reclassified as held‑for‑use; gross margin is expected to be 54.0–55.5% (reflecting ~40 bps from the reclassification and ~60 bps of higher input costs), advertising & promotion around 6% of sales, non‑GAAP operating income $107–$113M (up 5–11% and including about $2.9M from held‑for‑use assets), a provision for income tax near 22.5%, and non‑GAAP diluted EPS of $6.05–$6.35 on ~13.5M weighted average shares (including ≈$0.17/share from held‑for‑use); guidance is on a non‑GAAP basis (excludes the $1.3M one‑time amortization catch‑up), assumes Q4 EUR/USD ≈ $1.17, narrows prior ranges, and notes most pricing/cost‑savings benefits are expected to materialize in FY27.WD-40 Company Financial Statement Overview
Summary
Income Statement
84
Very Positive
Balance Sheet
88
Very Positive
Cash Flow
76
Positive
| Breakdown | TTM | Aug 2025 | Aug 2024 | Aug 2023 | Aug 2022 | Aug 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 674.68M | 619.99M | 590.56M | 537.25M | 518.82M | 488.11M |
| Gross Profit | 376.63M | 341.34M | 315.23M | 274.22M | 254.76M | 263.74M |
| EBITDA | 127.77M | 113.26M | 105.25M | 98.93M | 95.14M | 95.91M |
| Net Income | 89.23M | 90.99M | 69.64M | 65.99M | 67.33M | 70.23M |
Balance Sheet | ||||||
| Total Assets | 499.83M | 475.81M | 449.04M | 437.97M | 434.30M | 430.20M |
| Cash, Cash Equivalents and Short-Term Investments | 59.14M | 58.13M | 46.70M | 48.14M | 37.84M | 85.96M |
| Total Debt | 114.41M | 97.70M | 102.83M | 128.52M | 154.01M | 131.77M |
| Total Liabilities | 221.09M | 207.66M | 218.51M | 227.79M | 245.67M | 229.82M |
| Stockholders Equity | 278.73M | 268.15M | 230.53M | 210.18M | 188.62M | 200.38M |
Cash Flow | ||||||
| Free Cash Flow | 79.50M | 83.40M | 87.83M | 91.52M | -5.70M | 69.66M |
| Operating Cash Flow | 84.77M | 87.92M | 92.03M | 98.39M | 2.60M | 84.71M |
| Investing Cash Flow | -2.92M | -2.39M | -9.73M | -6.22M | -7.69M | -14.46M |
| Financing Cash Flow | -76.14M | -74.12M | -83.94M | -85.05M | -38.01M | -40.75M |
WD-40 Company Technical Analysis
Negative
218.92
Price Trends
226.32
Negative
221.02
Negative
217.32
Negative
Market Momentum
-9.18
Positive
20.05
Positive
2.54
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For WDFC, the sentiment is Negative. The current price of 218.92 is above the 20-day moving average (MA) of 209.94, below the 50-day MA of 226.32, and above the 200-day MA of 217.32, indicating a bearish trend. The MACD of -9.18 indicates Positive momentum. The RSI at 20.05 is Positive, neither overbought nor oversold. The STOCH value of 2.54 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for WDFC.
WD-40 Company Risk Analysis
WD-40 Company disclosed 21 risk factors in its most recent earnings report. WD-40 Company reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
WD-40 Company Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | $2.55B | 28.73 | 33.05% | 2.11% | 10.15% | 3.57% | |
66 Neutral | $2.66B | 27.35 | 7.12% | 1.32% | 7.79% | ― | |
65 Neutral | $2.74B | 14.91 | 9.16% | 1.89% | -0.57% | 81.10% | |
62 Neutral | $1.40B | -514.67 | -0.22% | 2.56% | 7.63% | -104.57% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
51 Neutral | $5.17B | -14.50 | -30.38% | 2.33% | 24.25% | -515.23% | |
47 Neutral | $1.95B | -13.84 | -7.67% | 4.70% | 0.60% | -920.33% |
* Basic Materials Sector Average
WDFC
WD-40 Company
189.65
-18.55
-8.91%
FUL
H.B. Fuller Company
50.83
-8.94
-14.95%
OLN
Olin
17.02
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-29.81%
KWR
Quaker Chemical
153.99
16.04
11.63%
SCL
Stepan Company
61.76
14.35
30.27%
PRM
Perimeter Solutions
31.90
10.31
47.75%
WD-40 Company Corporate Events
Business Operations and StrategyExecutive/Board Changes
WD-40 Company Announces New Global Finance Leadership Transition
Positive
Sep 3, 2026
On September 3, 2026, WD-40 Company announced it had hired veteran finance executive Keith Stauffer as vice president, global finance effective September 7, 2026, and confirmed he would become chief financial officer on November 2, 2026, following...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.