The WD-40 Company, originally the Rocket Chemical Company, is an American manufacturer of household and multi-use products, including its signature brand, WD-40, as well as 3-In-One Oil, Lava, Spot Shot, X-14, Carpet Fresh, GT85, 1001, Solvol, 2000 Flushes and No Vac. It is based in San Diego, California. As of April 2018, the company marketed its products in more than 176 countries.3 Its shares trade on Nasdaq under the symbol WDFC.1Wikipedia text CC BY-SA 4.0
The WD-40 Company, originally the Rocket Chemical Company, is an American manufacturer of household and multi-use products, including its signature brand, WD-40, as well as 3-In-One Oil, Lava, Spot Shot, X-14, Carpet Fresh, GT85, 1001, Solvol, 2000 Flushes and No Vac. It is based in San Diego, California.3
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Revenue11121314156$620.0M in 2025+52% since 2018Gross profit11121314156$341.3M in 2025+52% since 2018Operating income11121314156$103.8M in 2025+32% since 2018Net income11121314156$91.0M in 2025+40% since 2018
Revenue1617$195.1M in Q3 FY2026+21% since Q2 FY2026Gross profit1617$110.4M in Q3 FY2026+23% since Q2 FY2026Operating income1617$40.3M in Q3 FY2026+53% since Q2 FY2026Net income1617$30.2M in Q3 FY2026+73% since Q2 FY2025
Every line of the income statement as filed: the last 3 fiscal years, latest first.6
Period ending
2025-08-31
2024-08-31
2023-08-31
Net sales
$620.0M
$590.6M
$537.3M
Cost of products sold
$278.6M
$275.3M
$263.0M
Gross profit
$341.3M
$315.2M
$274.2M
Selling, general and administrative
$199.9M
$183.9M
$154.7M
Advertising and sales promotion
$37.4M
$33.9M
$28.8M
Amortization of definite-lived intangible assets
$183.0K
$1.1M
$1.0M
Total operating expenses
$237.6M
$218.9M
$184.5M
Income from operations
$103.8M
$96.4M
$89.7M
Interest income
$517.0K
$474.0K
$231.0K
Interest expense
-$3.4M
-$4.3M
-$5.6M
Other income (expense), net
$757.0K
-$1.0M
$822.0K
Income before income taxes
$101.6M
$91.5M
$85.2M
Provision for income taxes
$10.6M
$21.9M
$19.2M
Net income
$91.0M
$69.6M
$66.0M
Basic (in dollars per share)
$6.70
$5.12
$4.84
Diluted (in dollars per share)
$6.69
$5.11
$4.83
Basic (in shares)
13.5M shares
13.6M shares
13.6M shares
Diluted (in shares)
13.6M shares
13.6M shares
13.6M shares
No quarter-by-quarter statement was filed.
Total assets1811121314156$475.8M in 2025+50% since 2018Total liabilities1811121314156$207.7M in 2025+29% since 2018Shareholders’ equity121314156$268.2M in 2025+72% since 2018Cash121314156$58.1M in 2025+19% since 2018Long-term debt1811121314156$86.2M in 2025+37% since 2018
Total assets1617$499.8M in Q3 FY2026+6% since Q2 FY2026Total liabilities1617$221.1M in Q3 FY2026+8% since Q2 FY2026Shareholders’ equity1617$278.7M in Q3 FY2026+6% since Q2 FY2025Cash1617$59.1M in Q3 FY2026+17% since Q2 FY2026Long-term debt1617$85.3M in Q3 FY2026−1% since Q2 FY2026
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.6
Period ending
2025-08-31
2024-08-31
2023-08-31
2022-08-31
Cash and cash equivalents
$58.1M
$46.7M
Trade and other accounts receivable, net
$120.6M
$117.5M
Inventories
$79.9M
$79.1M
Other current assets
$26.4M
$12.2M
Total current assets
$285.0M
$255.4M
Property and equipment, net
$60.4M
$63.0M
$66.8M
Goodwill
$97.2M
$97.0M
$95.5M
Other intangible assets, net
$2.4M
$6.2M
Right-of-use assets
$13.5M
$11.6M
Deferred tax assets, net
$1.0M
$993.0K
Other assets
$16.3M
$14.8M
Total assets
$475.8M
$449.0M
Accounts payable
$38.0M
$36.0M
Accrued liabilities
$34.2M
$31.3M
Accrued payroll and related expenses
$28.4M
$26.1M
Short-term borrowings
$800.0K
$8.7M
Income taxes payable
$857.0K
$1.6M
Total current liabilities
$102.3M
$103.5M
Long-term borrowings
$86.2M
$86.0M
Deferred tax liabilities, net
$9.4M
$9.1M
Long-term operating lease liabilities
$8.4M
$5.9M
Other long-term liabilities
$1.4M
$14.1M
Total liabilities
$207.7M
$218.5M
Common stock authorized 36,000,000 shares, $0.001 par value; 19,954,495 and 19,925,212 shares issued at August 31, 2025 and 2024, respectively; and 13,527,614 and 13,548,581 shares outstanding at August 31, 2025 and 2024, respectively
$20.0K
$20.0K
Additional paid-in capital
$180.1M
$175.6M
Retained earnings
$540.7M
$499.9M
Accumulated other comprehensive loss
-$24.5M
-$29.3M
Common stock held in treasury, at cost 6,426,881 and 6,376,631 shares at August 31, 2025 and 2024, respectively
-$428.1M
-$415.8M
Total stockholders equity
$268.2M
$230.5M
$210.2M
$188.6M
Total liabilities and stockholders equity
$475.8M
$449.0M
Common stock, authorized (in shares)
36.0M shares
36.0M shares
Common stock, par value (in dollars per share)
$0.00
$0.00
Common stock, issued (in shares)
20.0M shares
19.9M shares
Common stock, outstanding (in shares)
13.5M shares
13.5M shares
Treasury stock, shares (in shares)
6.4M shares
6.4M shares
Period ending
2025-08-31
2024-08-31
2023-08-31
2022-08-31
Cash and cash equivalents
$58.1M
$46.7M
Trade and other accounts receivable, net
$120.6M
$117.5M
Inventories
$79.9M
$79.1M
Other current assets
$26.4M
$12.2M
Total current assets
$285.0M
$255.4M
Property and equipment, net
$60.4M
$63.0M
$66.8M
Goodwill
$97.2M
$97.0M
$95.5M
Other intangible assets, net
$2.4M
$6.2M
Right-of-use assets
$13.5M
$11.6M
Deferred tax assets, net
$1.0M
$993.0K
Other assets
$16.3M
$14.8M
Total assets
$475.8M
$449.0M
Accounts payable
$38.0M
$36.0M
Accrued liabilities
$34.2M
$31.3M
Accrued payroll and related expenses
$28.4M
$26.1M
Short-term borrowings
$800.0K
$8.7M
Income taxes payable
$857.0K
$1.6M
Total current liabilities
$102.3M
$103.5M
Long-term borrowings
$86.2M
$86.0M
Deferred tax liabilities, net
$9.4M
$9.1M
Long-term operating lease liabilities
$8.4M
$5.9M
Other long-term liabilities
$1.4M
$14.1M
Total liabilities
$207.7M
$218.5M
Common stock authorized 36,000,000 shares, $0.001 par value; 19,954,495 and 19,925,212 shares issued at August 31, 2025 and 2024, respectively; and 13,527,614 and 13,548,581 shares outstanding at August 31, 2025 and 2024, respectively
$20.0K
$20.0K
Additional paid-in capital
$180.1M
$175.6M
Retained earnings
$540.7M
$499.9M
Accumulated other comprehensive loss
-$24.5M
-$29.3M
Common stock held in treasury, at cost 6,426,881 and 6,376,631 shares at August 31, 2025 and 2024, respectively
-$428.1M
-$415.8M
Total stockholders equity
$268.2M
$230.5M
$210.2M
$188.6M
Total liabilities and stockholders equity
$475.8M
$449.0M
Common stock, authorized (in shares)
36.0M shares
36.0M shares
Common stock, par value (in dollars per share)
$0.00
$0.00
Common stock, issued (in shares)
20.0M shares
19.9M shares
Common stock, outstanding (in shares)
13.5M shares
13.5M shares
Treasury stock, shares (in shares)
6.4M shares
6.4M shares
Cash from operations11121314156$87.9M in 2025+36% since 2018Capital spending11121314156$4.5M in 2025−63% since 2018Free cash flow11121314156$83.4M in 2025+59% since 2018Dividends paid11121314156$50.3M in 2025+70% since 2018Share buybacks11121314156$12.3M in 2025−46% since 2018
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.6
Period ending
2025-08-31
2024-08-31
2023-08-31
Net income
$91.0M
$69.6M
$66.0M
Depreciation and amortization
$8.2M
$9.5M
$8.2M
Amortization of cloud computing implementation costs
$1.7M
$1.2M
$270.0K
Deferred income taxes
-$455.0K
-$1.2M
-$1.3M
Tax benefit from release of uncertain tax position
-$11.9M
$0
$0
Stock-based compensation
$7.3M
$6.5M
$6.4M
Unrealized foreign currency exchange losses (gains), net
$355.0K
$200.0K
-$1.7M
Provision for credit losses
$929.0K
$325.0K
$391.0K
Write-off of inventories
$1.1M
$1.4M
$713.0K
Other
$244.0K
-$241.0K
-$90.0K
Trade and other accounts receivable
$319.0K
-$15.5M
-$5.3M
Inventories
-$5.2M
$6.4M
$19.4M
Other assets
-$10.5M
-$1.4M
-$1.6M
Operating lease assets and liabilities, net
$33.0K
-$35.0K
$49.0K
Accounts payable and accrued liabilities
$2.9M
$4.3M
-$213.0K
Accrued payroll and related expenses
$1.9M
$8.9M
$5.0M
Other long-term liabilities and income taxes payable
$65.0K
$2.0M
$2.3M
Net cash provided by operating activities
$87.9M
$92.0M
$98.4M
Purchases of property and equipment
-$4.5M
-$4.2M
-$6.9M
Proceeds from sales of property and equipment
$409.0K
$672.0K
$655.0K
Proceeds from sale of business
$1.7M
$0
$0
Acquisition of business, net of cash acquired
$0
-$6.2M
$0
Net cash used in investing activities
-$2.4M
-$9.7M
-$6.2M
Treasury stock purchases
-$12.3M
-$8.1M
-$10.4M
Dividends paid
-$50.3M
-$47.2M
-$44.6M
Repayments of long-term senior notes
-$800.0K
-$800.0K
-$800.0K
Net repayments from revolving credit facility
-$7.9M
-$25.4M
-$28.4M
Shares withheld to cover taxes upon conversion of equity awards
-$2.9M
-$2.4M
-$861.0K
Net cash used in financing activities
-$74.1M
-$83.9M
-$85.0M
Effect of exchange rate changes on cash and cash equivalents
$10.0K
$193.0K
$3.2M
Net increase (decrease) in cash and cash equivalents
$11.4M
-$1.4M
$10.3M
Accrued capital expenditures
$292.0K
$111.0K
$80.0K
Finance lease obligation settled with prepaid deposit
WD-40 Company sits at the top of its group. 14 entities, 9 countries on record. Switch between the flow chart and the network, and select any entity to see its details.
VANGUARD GROUP INCFiled SCHEDULE 13G/A on WD-40 Company, latest Mar 27, 2026 (4 filings since Feb 10, 2022)
BlackRockFiled SCHEDULE 13G/A on WD-40 Company, latest Oct 17, 2025 (5 filings since Jan 25, 2022)
APG Asset Management US Inc.Filed SCHEDULE 13G/A on WD-40 Company, latest May 14, 2025 (5 filings since Jan 19, 2022)
Neuberger BermanFiled SC 13G/A on WD-40 Company, latest Feb 12, 2024 (3 filings since Feb 11, 2022)
WD-40 CompanySan Diego, California, United States
Heartland Corporation Subsidiary · Kansas, United States
HPD Laboratories, Inc. Subsidiary · Delaware, United States
PT WDForty Industrial Indonesia Subsidiary · Indonesia
WD-40 Co. México, S. de R.L. de C.V. Subsidiary · Mexico
WD-40 Company (Australia) Pty. Limited Subsidiary · Australia
WD-40 Company (Canada) Ltd. Subsidiary · Ontario, Canada
WD-40 Company (Malaysia) Sdn. Bhd. Subsidiary · Malaysia
WD-40 Company Brasil Ltda. Subsidiary · Brazil
WD-40 COMPANY LIMITED Subsidiary · Milton Keynes, United Kingdom
WD-40 Holding Company Brasil Ltda. Subsidiary · Brazil
WD-40 Holdings Limited Subsidiary · United Kingdom
WD-40 Manufacturing Company Subsidiary · California, United States
Wu Di (Shanghai) Industrial Co., Ltd. Subsidiary · China
Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What WD-40 Company reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
We own and occupy an office located in San Diego, California which houses both corporate employees and employees in our Americas segment. We also lease a regional sales office in Miami, Florida, a research and development office and laboratory in Pine Brook, New Jersey and office space in Toronto, Ontario, Canada and Monterrey, Nuevo León, Mexico. In addition, we lease certain warehouse space and equipment at third-party manufacturer and distributor facilities throughout the U.S.
The rest of Item 2
EIMEA
We own and occupy an office as well as a plant facility located in Milton Keynes, United Kingdom. We also lease space for our branch offices in Germany, France, Italy, Spain, Portugal and the Netherlands. In addition, we lease warehouse space at a third-party distributor facility in Denmark.
Asia-Pacific
We lease office space in Epping, New South Wales, Australia; Shanghai, China; and Kuala Lumpur, Malaysia.
WD-40 Company was founded as Rocket Chemical Company in September 1953 by Cyril E. Irving, Norman Roulette and his son Robert Roulette, and Iver Norman Lawson. Reginald S. Fleet is also claimed to be a founding member by his alma mater, Georgia Institute of Technology. The company had offices in Chula Vista and National City before moving to Kearny Villa Road in Kearny Mesa in 1955. Sam Crivello, who owned a tuna seiner, a major industry in San Diego at that time, was an early investor and became a director in 1958. Norman B. Larsen was president of Rocket in 1957 and 1958, and he had the idea of packaging WD-40 in aerosol cans and selling it into the consumer market. Larsen left the company in 1958 after a verbal agreement between Rocket and a distributor fell apart; the distributor set up CRC Industries to directly compete with Rocket and Larsen left to lead it. Cy Irving took over as president in 1958 and retired in 1969.
In 1969, John S. Barry, on becoming President and CEO, changed the name to WD-40 Company after what was then its only product. Barry, who died July 3, 2009, reportedly made the name change on the basis that the Rocket Chemical Company did not make rockets. The company went public in 1973 on the then-newly established National Association of Securities Dealers Automated Quotations (NASDAQ) stock exchange. Its stock symbol is "WDFC".
Gerald C. Schleif became president in 1990 and CEO in 1992; he had joined the company in 1969. Schleif led the company until he retired in 1997, after which Garry O. Ridge took over. By the fiscal year 2017, gross revenue for the company totaled $381 million in annual revenue; about half of this was for sales outside the US. CEO Ridge told a NASDAQ publication that they manufacture the "secret formula" in four plants located in various countries and ship it to other companies which then blend and package the product before shipping it to customers.
WD-40 stands for ″Water Displacement, 40th formula". In addition to its flagship WD-40 product, the WD-40 Company has acquired several household-products companies, adding such brand names as 3-In-One Oil, Lava, Spot Shot, X-14, Carpet Fresh, and 2000 Flushes to its roster.
Jan 10, 2025Reported quarterly or annual results80
Oct 17, 2024Reported quarterly or annual results81
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
260 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 45 major events, 158 insider forms, 19 large holders, 18 other. The latest 20:
28 open-market trades by officers, directors and large owners since October 2021: 19 buys and 9 sales. Grants, option exercises and gifts are left out.
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
From the cover page of the 10-K filed Oct 27, 2025 (Section 12(b) of the Exchange Act).19
Risk factors and legal proceedings
The risks WD-40 Company names in Item 1A of its 10-K filed Oct 27, 2025: 21 risks under these headings, as written.19
Global economic conditions may negatively impact our financial condition and results of operations.
Global operations outside the U.S. expose us to uncertain conditions, foreign currency exchange rate risk and other risks in international markets.
Our business and financial results could suffer if we are unable to attract, retain and motivate talented employees, including senior management, and maintain our corporate culture’s relevance to our strategic plan.
If the success and reputation of one or more of our leading brands erodes, our business, financial condition and results of operations could be negatively impacted.
We face competition in our markets which could lead to reduced sales and profitability.
Sales unit volume growth may be difficult to achieve.
Cost volatility in finished goods, components, raw materials, transportation and other supplies or services could harm our financial condition and results of operations.
Reliance on a limited base of third-party contract manufacturers, logistics providers and suppliers of raw materials and components may result in disruption to our business and this could adversely affect our financial condition and results of operations.
Dependence on key customers could adversely affect our business, financial condition and results of operations.
Malfunctions or implementation issues related to the critical information systems that we use for the daily operations of our business, cyberattacks and data breaches could adversely affect our ability to conduct business.
Our ability to achieve our environmental, social and governance and sustainability initiatives are subject to emerging risks and the outcomes may not achieve the anticipated benefits or align with new regulations and stakeholders’ expectations.
Government laws and regulations, including environmental laws and regulations, could result in material costs or otherwise adversely affect our financial condition and results of operations.
The other 9 risks
Failure to maximize or to successfully assert our intellectual property rights or our infringement on the intellectual property rights of others could impact our competitiveness or otherwise adversely affect our financial condition and results of operations.
Our operating results and financial performance may not meet expectations, which could adversely affect our stock price.
We may not successfully develop, introduce and/or establish new products and line extensions.
If we are unable to successfully identify, complete or realize the benefits from strategic business developments, acquisitions, divestitures, joint ventures or investments, our financial results could be materially adversely affected.
Changes in marketing distributor relationships that are not managed successfully by us could result in a disruption in the affected markets.
Product liability claims and other litigation and/or regulatory action could adversely affect our sales and operating results.
Resolution of income tax matters may impact our financial condition and results of operations.
Goodwill and intangible assets are subject to impairment risk.
We may not have sufficient cash to service our indebtedness or to pay cash dividends.
Legal proceedings
The information required by this item is incorporated by reference to the information set forth in Item 15 of Part IV, “Exhibits, Financial Statement Schedules” Note 14 — Commitments and Contingencies, in the accompanying notes to the consolidated financial statements included in this report.