WD 40 CO
WDFC · Miscellaneous Chemical Products · 13.5M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: $4M (gross $10M, SBC $6M)
Reference price $247.15 · est. market cap ~$3.3B — last insider purchase, 2026-02-05 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
A85WD-40 is an iconic-brand franchise with pricing power, top-decile margins and elite returns.
Strengths
- Gross margin 55% (88th pct), operating margin 16.7% and net margin 14.7% (100th pct), ROA 19% (100th pct), ROE 34% (89th pct)
- Globally recognized brand with durable pricing power, premiumization runway and strong FCF
Risks
- Heavy non-USD exposure (~66% of sales) creates currency volatility
- Specialty-chemical input-cost and tariff pressure can compress margins
Notable findings
- Exec changeRecent 8-K item 5.02 8-K ↗
- Customer concentration~51% of revenue from one customer/distributor — Approximately 51% of our revenues in fiscal year 2025 were generated in currencies other than the U
- Insider buyingInsider buying — 1 open-market buy(s) by 1 insider(s) (~$104,792, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Gross margin
55.1%
Operating margin
16.7%
Net margin
14.7%
Return on equity
33.9%
Return on assets
19.1%
ROIC
23.1%
Revenue growth (QoQ)
4.7%
Net-income growth
30.7%
Debt / equity
0.3×
Net debt / EBITDA
0.3×
Current ratio
2.8×
Free cash flow
$83M
EBITDA
$112M
Tangible book value
$169M
Cash & investments
$58M
Stock comp / revenue
1.2%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-02-18 | Plunk Ken Allen | Grant | 515 | — |
| 2026-02-05 | PENDARVIS DAVID | Buy | 424 | $247.15 |
| 2025-12-12 | Magee Edward O Jr | Grant | 612 | — |
| 2025-12-12 | Etchart Eric | Grant | 612 | — |
| 2025-12-12 | Etchart Eric | Grant | 367 | — |
| 2025-12-12 | CARTER DANIEL T | Grant | 612 | — |
| 2025-12-12 | PENDARVIS DAVID | Grant | 612 | — |
| 2025-12-12 | Lee Lara L | Grant | 612 | — |
| 2025-12-12 | Saunders Anne | Grant | 612 | — |
| 2025-12-12 | Monteagudo Graciela | Grant | 612 | — |
| 2025-12-12 | Burks Cynthia | Grant | 612 | — |
| 2025-10-30 | Etchart Eric | Buy | 500 | $194.02 |
| 2025-10-30 | PENDARVIS DAVID | Buy | 523 | $196.37 |
| 2025-10-28 | KIAMILEV PHENIX Q. | Buy | 55 | $200.46 |
| 2025-10-28 | Brass Steven A | Buy | 362 | $200.46 |
| 2025-10-28 | HYZER SARA KATHLEEN | Buy | 200 | $200.46 |
| 2025-10-27 | Olsem Patricia Q | Tax withheld | 335 | — |
| 2025-10-27 | Olsem Patricia Q | Tax withheld | 401 | — |
| 2025-10-27 | NOBLE WILLIAM B | Tax withheld | 258 | — |
| 2025-10-27 | NOBLE WILLIAM B | Tax withheld | 316 | — |
| 2025-10-27 | LINDEMAN JEFFREY G | Tax withheld | 260 | — |
| 2025-10-27 | LINDEMAN JEFFREY G | Tax withheld | 294 | — |
| 2025-10-27 | KIAMILEV PHENIX Q. | Tax withheld | 267 | — |
| 2025-10-27 | KIAMILEV PHENIX Q. | Tax withheld | 294 | — |
| 2025-10-27 | HYZER SARA KATHLEEN | Tax withheld | 533 | — |
| 2025-10-27 | HYZER SARA KATHLEEN | Tax withheld | 455 | — |
| 2025-10-27 | Brass Steven A | Tax withheld | 2.4K | — |
| 2025-10-27 | Brass Steven A | Tax withheld | 2.0K | — |
| 2025-10-27 | CARTER DANIEL T | Buy | 1.0K | $199.37 |
| 2025-10-09 | Olsem Patricia Q | Grant | 1.0K | — |
| 2025-10-09 | Olsem Patricia Q | Grant | 1.1K | — |
| 2025-10-09 | LINDEMAN JEFFREY G | Grant | 843 | — |
| 2025-10-09 | LINDEMAN JEFFREY G | Grant | 821 | — |
| 2025-10-09 | KIAMILEV PHENIX Q. | Grant | 972 | — |
| 2025-10-09 | KIAMILEV PHENIX Q. | Grant | 821 | — |
| 2025-10-09 | HYZER SARA KATHLEEN | Grant | 1.8K | — |
| 2025-10-09 | HYZER SARA KATHLEEN | Grant | 895 | — |
| 2025-10-09 | Brass Steven A | Grant | 7.8K | — |
| 2025-10-09 | Brass Steven A | Grant | 3.9K | — |
| 2025-04-11 | HYZER SARA KATHLEEN | Buy | 256 | $222.83 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-25 | Exec/director changeExhibits | filing ↗ |
| 2026-06-04 | Exec/director changeReg FD | filing ↗ |
| 2026-04-09 | ResultsExhibits | filing ↗ |
| 2026-02-19 | Exec/director changeReg FDExhibits | filing ↗ |
| 2026-01-08 | ResultsExhibits | filing ↗ |
| 2025-12-16 | Shareholder voteOtherExhibits | filing ↗ |
| 2025-10-22 | ResultsExhibits | filing ↗ |
| 2025-10-14 | Exec/director changeExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K/A | 2026-06-25 | 2026-06-01 | 0000105132-26-000046 ↗ |
| 8-K | 2026-06-04 | 2026-06-01 | 0000105132-26-000031 ↗ |
| 10-Q | 2026-04-09 | 2026-02-28 | 0000105132-26-000028 ↗ |
| 8-K | 2026-04-09 | 2026-04-09 | 0000105132-26-000026 ↗ |
| 8-K | 2026-02-19 | 2026-02-18 | 0000105132-26-000016 ↗ |
| 8-K | 2026-01-08 | 2026-01-08 | 0000105132-26-000006 ↗ |
| 10-Q | 2026-01-08 | 2025-11-30 | 0000105132-26-000008 ↗ |
| 8-K | 2025-12-16 | 2025-12-10 | 0000105132-25-000130 ↗ |
| 10-K | 2025-10-27 | 2025-08-31 | 0000105132-25-000067 ↗ |
| 8-K | 2025-10-22 | 2025-10-22 | 0000105132-25-000061 ↗ |
| 8-K | 2025-10-14 | 2025-10-09 | 0000105132-25-000056 ↗ |
| 8-K | 2025-09-02 | 2025-08-29 | 0000105132-25-000031 ↗ |