WD-40 (WDFC) Financials

$223.24 +1.21 (+0.54%)

Closing price 04/14/2025 04:00 PM Eastern

Extended Trading

$224.70 +1.46 (+0.65%)

As of 08:08 AM Eastern

Annual Income Statements for WD-40

This table shows WD-40's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	45	53	53	65	56	61	70	67	66	70
Consolidated Net Income / (Loss)	45	53	53	65	56	61	70	67	66	70
Net Income / (Loss) Continuing Operations	45	53	53	65	56	61	70	67	66	70
Total Pre-Tax Income	63	73	75	75	81	76	86	84	85	92
Total Operating Income	65	71	76	79	82	77	89	87	90	96
Total Gross Profit	200	214	214	225	232	223	264	255	274	315
Total Revenue	378	381	381	409	423	408	488	519	537	591
Operating Revenue	378	381	381	409	423	408	488	519	537	591
Total Cost of Revenue	178	166	167	183	191	185	224	264	263	275
Operating Cost of Revenue	178	166	167	183	191	185	224	264	263	275
Total Operating Expenses	135	143	138	147	150	146	175	167	184	219
Selling, General & Admin Expense	109	118	115	121	124	122	145	139	155	184
Marketing Expense	23	22	21	22	23	22	28	27	29	34
Amortization Expense	3.04	2.98	2.88	2.95	2.71	2.21	1.45	1.43	1.01	1.11
Total Other Income / (Expense), net	-2.28	1.44	-1.29	-3.43	-1.61	-1.71	-2.34	-3.22	-4.56	-4.84
Interest Expense	1.21	1.70	2.58	4.22	2.54	2.44	2.40	2.74	5.61	4.29
Interest & Investment Income	0.58	0.68	0.51	0.45	0.16	0.09	0.08	0.10	0.23	0.47
Other Income / (Expense), net	-1.66	2.46	0.79	0.34	0.77	0.64	-0.03	-0.58	0.82	-1.03
Income Tax Expense	18	20	22	9.96	25	15	16	17	19	22
Basic Earnings per Share	$3.05	$3.65	$3.73	$4.65	$4.03	$4.41	$5.11	$4.91	$4.84	$5.12
Weighted Average Basic Shares Outstanding	14.58M	14.33M	14.09M	13.93M	13.80M	13.69M	13.70M	13.67M	13.58M	13.55M
Diluted Earnings per Share	$3.04	$3.64	$3.72	$4.64	$4.02	$4.40	$5.09	$4.90	$4.83	$5.11
Weighted Average Diluted Shares Outstanding	14.65M	14.38M	14.12M	13.96M	13.83M	13.72M	13.73M	13.70M	13.60M	13.58M
Weighted Average Basic & Diluted Shares Outstanding	14.70M	14.40M	14.20M	14M	13.70M	13.66M	13.71M	13.58M	13.56M	13.54M
Cash Dividends to Common per Share	$1.48	$1.64	$1.89	$2.11	$2.37	$2.62	$2.78	$3.06	$3.27	$3.47

This table shows WD-40's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Income / (Loss) Attributable to Common Shareholders	14	15	14	17	19	17	17	16	20	17	19
Consolidated Net Income / (Loss)	14	15	14	17	19	17	17	16	20	17	19
Net Income / (Loss) Continuing Operations	14	15	14	17	19	17	17	16	20	17	19
Total Pre-Tax Income	18	18	18	21	24	22	23	20	26	23	24
Total Operating Income	19	20	19	22	26	23	24	21	27	24	25
Total Gross Profit	59	62	64	66	72	72	76	73	82	84	84
Total Revenue	124	130	125	130	142	140	140	139	155	156	153
Operating Revenue	124	130	125	130	142	140	140	139	155	156	153
Total Cost of Revenue	65	69	61	64	70	68	65	66	73	72	69
Operating Cost of Revenue	65	69	61	64	70	68	65	66	73	72	69
Total Operating Expenses	40	42	46	44	46	49	51	52	55	60	59
Selling, General & Admin Expense	34	32	40	38	38	39	44	45	46	49	51
Marketing Expense	6.02	10	5.34	5.99	7.66	9.82	6.98	6.73	9.35	11	8.39
Amortization Expense	0.36	0.35	0.25	0.00	0.25	0.50	0.25	0.00	0.30	0.55	0.05
Total Other Income / (Expense), net	-0.68	-1.27	-0.98	-1.29	-1.29	-1.02	-1.11	-1.14	-1.33	-1.27	-0.87
Interest Expense	0.67	0.84	1.17	1.50	1.60	1.35	1.15	1.01	1.18	0.95	0.87
Interest & Investment Income	0.03	0.03	0.04	0.05	0.07	0.07	0.07	0.07	0.14	0.20	0.15
Other Income / (Expense), net	-0.04	-0.46	0.15	0.17	0.24	0.26	-0.04	-0.19	-0.28	-0.51	-0.14
Income Tax Expense	3.82	3.48	3.71	4.34	5.48	5.65	5.59	4.27	6.01	6.00	5.33
Basic Earnings per Share	$1.07	$1.08	$1.03	$1.21	$1.39	$1.21	$1.28	$1.14	$1.46	$1.24	$1.39
Weighted Average Basic Shares Outstanding	13.66M	13.67M	13.59M	13.58M	13.57M	13.58M	13.56M	13.56M	13.55M	13.55M	13.55M
Diluted Earnings per Share	$1.07	$1.08	$1.02	$1.21	$1.38	$1.22	$1.28	$1.14	$1.46	$1.23	$1.39
Weighted Average Diluted Shares Outstanding	13.68M	13.70M	13.61M	13.61M	13.60M	13.60M	13.58M	13.58M	13.58M	13.58M	13.57M
Weighted Average Basic & Diluted Shares Outstanding	13.63M	13.58M	13.59M	13.57M	13.56M	13.56M	13.56M	13.55M	13.55M	13.54M	13.55M
Cash Dividends to Common per Share	$0.78	-	$0.78	$0.83	$0.83	-	$0.83	$0.88	$0.88	-	$0.88

This table details how cash moves in and out of WD-40's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	-3.91	-3.01	-14	12	-22	29	29	-48	10	-1.44
Net Cash From Operating Activities	55	65	56	65	63	73	85	2.60	98	92
Net Cash From Continuing Operating Activities	55	65	56	65	63	72	85	2.60	98	92
Net Income / (Loss) Continuing Operations	45	53	53	65	56	61	70	67	66	70
Consolidated Net Income / (Loss)	45	53	53	65	56	61	70	67	66	70
Depreciation Expense	6.46	6.47	6.77	7.80	7.59	7.70	7.02	8.29	8.15	9.46
Amortization Expense	-	-	-	-	-	-	-	0.30	0.27	1.22
Non-Cash Adjustments To Reconcile Net Income	3.89	2.65	4.25	3.85	5.07	5.63	9.81	8.13	5.80	8.21
Changes in Operating Assets and Liabilities, net	-0.10	3.56	-8.38	-12	-5.72	-2.03	-2.34	-81	18	3.50
Net Cash From Investing Activities	-17	-21	-42	71	-13	-19	-14	-7.69	-6.22	-9.74
Net Cash From Continuing Investing Activities	-17	-21	-42	71	-13	-19	-14	-7.69	-6.22	-9.74
Purchase of Property, Plant & Equipment	-5.78	-4.35	-20	-12	-13	-19	-15	-8.30	-6.87	-4.21
Acquisitions	-4.12	0.00	0.00	-0.18	-	-	-	0.00	0.00	-6.20
Sale of Property, Plant & Equipment	0.33	0.30	0.43	0.46	0.38	0.36	0.60	0.61	0.66	0.67
Net Cash From Financing Activities	-39	-43	-27	-121	-69	-27	-41	-38	-85	-84
Net Cash From Continuing Financing Activities	-39	-43	-27	-121	-69	-27	-41	-38	-85	-84
Repayment of Debt	-	14	32	-88	-3.71	-0.80	-51	-0.80	-0.80	-0.80
Repurchase of Common Equity	-30	-32	-31	-23	-30	-17	0.00	-29	-10	-8.09
Payment of Dividends	-22	-24	-27	-30	-33	-36	-38	-42	-45	-47
Issuance of Debt	10	0.00	0.00	20	0.00	30	52	38	-28	-25
Other Financing Activities, net	1.21	-2.63	-1.70	-1.82	-2.78	-2.64	-3.67	-4.46	-0.86	-2.44
Other Net Changes in Cash	-	-	-	-	-	-	-	-	3.17	0.19
Cash Interest Paid	1.17	1.57	2.63	4.29	2.20	2.26	2.32	2.69	5.52	4.46
Cash Income Taxes Paid	15	16	22	10	17	13	19	18	13	20

This table details how cash moves in and out of WD-40's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Net Change in Cash & Equivalents	-2.52	-2.96	-0.96	1.11	0.41	9.74	2.17	5.13	-10	1.40	8.22
Net Cash From Operating Activities	3.57	-5.05	10	11	35	43	27	18	20	27	15
Net Cash From Continuing Operating Activities	3.57	-5.05	10	11	35	43	27	18	20	27	15
Net Income / (Loss) Continuing Operations	14	15	14	17	19	17	17	16	20	17	19
Consolidated Net Income / (Loss)	14	15	14	17	19	17	17	16	20	17	19
Depreciation Expense	2.06	2.15	1.90	1.97	2.08	2.21	2.26	2.42	2.50	2.27	2.08
Amortization Expense	-	-	-	-	0.06	0.06	0.06	-	0.34	0.57	0.42
Non-Cash Adjustments To Reconcile Net Income	1.82	1.71	1.48	2.44	0.82	1.05	3.38	2.09	1.22	1.52	2.39
Changes in Operating Assets and Liabilities, net	-15	-24	-6.94	-11	13	23	3.74	-2.38	-3.97	6.07	-8.88
Net Cash From Investing Activities	-3.17	-0.95	-1.30	-1.98	-0.93	-2.00	-0.67	-1.07	-7.36	-0.63	-0.57
Net Cash From Continuing Investing Activities	-3.17	-0.95	-1.30	-1.98	-0.93	-2.00	-0.67	-1.07	-7.36	-0.63	-0.57
Purchase of Property, Plant & Equipment	-3.26	-1.19	-1.46	-2.11	-1.08	-2.22	-0.79	-1.31	-1.27	-0.85	-0.69
Sale of Property, Plant & Equipment	0.09	0.24	0.16	0.13	0.15	0.22	0.12	0.23	0.11	0.22	0.12
Net Cash From Financing Activities	-0.99	5.25	-12	-7.95	-34	-31	-25	-11	-23	-26	-4.10
Net Cash From Continuing Financing Activities	-0.99	5.25	-12	-7.95	-34	-31	-25	-11	-23	-26	-4.10
Repayment of Debt	-0.40	-	-0.40	-	-12	12	-0.40	-	-12	12	-0.40
Repurchase of Common Equity	-4.23	-6.77	-4.07	-1.57	-1.79	-3.00	-2.41	-2.91	-2.78	-	-3.63
Payment of Dividends	-11	-11	-11	-11	-11	-11	-11	-12	-12	-12	-12
Issuance of Debt	14	23	3.36	4.94	-	-	-9.71	5.54	-	-	15
Other Financing Activities, net	-0.01	-0.13	-0.60	-	-	-0.26	-0.68	-1.74	-	-0.02	-2.88
Other Net Changes in Cash	-1.94	-	2.24	0.53	-	-	0.43	-0.69	-	-	-2.05

This table presents WD-40's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	339	340	370	317	303	363	430	434	438	449
Total Current Assets	205	209	225	168	148	185	241	250	249	255
Cash & Equivalents	54	51	37	49	27	56	86	38	48	47
Accounts Receivable	59	65	64	69	73	81	90	90	98	117
Inventories, net	32	32	35	37	41	41	56	104	87	79
Other Current Assets	6.13	4.48	8.01	13	7.22	6.76	9.95	18	16	12
Plant, Property, & Equipment, net	11	12	29	36	45	61	70	66	67	63
Total Noncurrent Assets	123	119	115	112	110	117	119	119	123	131
Goodwill	96	96	96	96	95	96	96	95	96	97
Intangible Assets	23	19	16	14	11	8.63	7.24	5.59	4.67	6.22
Noncurrent Deferred & Refundable Income Taxes	0.00	0.62	-	-	0.40	0.46	0.86	0.68	1.20	0.99
Other Noncurrent Operating Assets	3.26	3.19	3.09	3.07	3.19	12	15	17	21	26
Total Liabilities & Shareholders' Equity	339	340	370	317	303	363	430	434	438	449
Total Liabilities	181	199	230	162	157	202	230	246	228	219
Total Current Liabilities	48	59	75	86	75	60	86	111	89	104
Short-Term Debt	-	0.00	20	24	21	0.80	0.80	39	11	8.66
Accounts Payable	17	19	21	19	19	22	33	33	31	36
Accrued Expenses	15	16	19	26	19	22	26	27	30	31
Current Deferred & Payable Income Tax Liabilities	2.29	3.38	1.31	2.13	0.84	1.21	0.32	0.05	0.49	1.55
Current Employee Benefit Liabilities	13	21	14	15	15	15	26	12	17	26
Total Noncurrent Liabilities	133	141	155	76	83	142	144	135	139	115
Long-Term Debt	108	122	134	63	60	113	115	107	110	86
Noncurrent Deferred & Payable Income Tax Liabilities	23	16	19	11	12	11	10	11	10	9.07
Other Noncurrent Operating Liabilities	2.28	2.21	1.96	1.82	11	18	19	17	19	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	158	140	139	155	145	160	200	189	210	231
Total Preferred & Common Equity	158	140	139	155	145	160	200	189	210	231
Total Common Equity	158	140	139	155	145	160	200	189	210	231
Common Stock	142	146	151	153	155	158	164	166	172	176
Retained Earnings	261	290	316	351	374	399	431	456	477	500
Accumulated Other Comprehensive Income / (Loss)	-8.72	-27	-28	-28	-32	-28	-26	-36	-31	-29
Other Equity Adjustments	-	-	-	-	-	-	-	-	-408	-416

This table presents WD-40's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q1 2025
Total Assets	429	441	450	438	431	442	444	447
Total Current Assets	241	255	263	250	238	251	249	263
Cash & Equivalents	41	37	38	38	50	55	45	55
Accounts Receivable	93	87	100	101	95	105	116	111
Inventories, net	96	119	109	95	82	78	77	75
Other Current Assets	12	12	16	16	11	12	10	22
Plant, Property, & Equipment, net	69	66	66	67	66	65	64	59
Total Noncurrent Assets	119	120	121	122	127	127	131	125
Goodwill	95	95	95	95	96	95	97	97
Intangible Assets	6.04	5.36	5.11	4.90	4.42	4.17	6.68	2.29
Noncurrent Deferred & Refundable Income Taxes	0.85	0.63	0.65	0.65	1.19	1.19	1.20	0.95
Other Noncurrent Operating Assets	16	19	20	21	26	26	26	25
Total Liabilities & Shareholders' Equity	429	441	450	438	431	442	444	447
Total Liabilities	234	250	253	232	215	226	221	221
Total Current Liabilities	96	114	117	95	99	110	105	108
Short-Term Debt	16	43	47	27	24	30	22	23
Accounts Payable	41	32	29	27	28	32	32	32
Accrued Expenses	26	25	28	27	28	32	30	29
Current Deferred & Payable Income Tax Liabilities	0.12	0.30	0.25	0.91	2.36	1.66	2.11	2.15
Current Employee Benefit Liabilities	13	14	12	13	16	15	19	21
Total Noncurrent Liabilities	138	136	136	137	116	115	116	114
Long-Term Debt	110	108	108	109	86	86	85	85
Noncurrent Deferred & Payable Income Tax Liabilities	10	11	10	11	11	11	11	9.23
Other Noncurrent Operating Liabilities	17	18	18	17	19	18	20	20
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	195	191	197	206	216	216	222	226
Total Preferred & Common Equity	195	191	197	206	216	216	222	226
Total Common Equity	195	191	197	206	216	216	222	226
Common Stock	165	168	170	171	173	173	174	174
Retained Earnings	452	459	465	472	484	487	495	507
Treasury Stock	-390	-401	-403	-405	-410	-413	-416	-419
Accumulated Other Comprehensive Income / (Loss)	-31	-35	-35	-33	-31	-31	-31	-35

This table displays calculated financial ratios and metrics derived from WD-40's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-1.27%	0.67%	-0.04%	7.36%	3.63%	-3.51%	19.49%	6.29%	3.55%	9.92%
EBITDA Growth	1.40%	14.36%	3.98%	3.93%	4.62%	-5.72%	12.00%	-0.52%	3.81%	7.10%
EBIT Growth	0.58%	15.81%	3.91%	2.93%	5.34%	-6.37%	14.07%	-2.33%	4.38%	5.27%
NOPAT Growth	4.83%	11.12%	4.37%	26.64%	-16.37%	8.87%	16.19%	-3.08%	-0.54%	5.47%
Net Income Growth	2.43%	17.45%	0.57%	23.21%	-14.27%	8.59%	15.68%	-4.13%	-1.98%	5.53%
EPS Growth	5.92%	19.74%	2.20%	24.73%	-13.36%	9.45%	15.68%	-3.73%	-1.43%	5.80%
Operating Cash Flow Growth	42.17%	18.59%	-14.90%	16.65%	-3.04%	15.61%	16.58%	-96.93%	3,678.46%	-6.46%
Free Cash Flow Firm Growth	52.26%	28.23%	-48.30%	63.17%	-2.64%	-12.28%	35.72%	-95.02%	2,723.78%	-7.85%
Invested Capital Growth	-0.73%	-5.81%	14.47%	9.46%	3.56%	9.06%	5.70%	29.08%	-4.89%	-1.46%
Revenue Q/Q Growth	-1.47%	1.38%	-0.16%	1.51%	1.64%	0.54%	0.74%	3.01%	1.90%	2.70%
EBITDA Q/Q Growth	-0.93%	4.74%	0.91%	0.24%	5.60%	0.14%	-12.26%	8.97%	5.04%	1.26%
EBIT Q/Q Growth	-1.20%	5.28%	0.73%	0.02%	6.24%	0.36%	-13.13%	8.98%	5.13%	0.04%
NOPAT Q/Q Growth	0.40%	2.57%	3.06%	12.97%	-17.94%	18.61%	-12.35%	10.31%	2.22%	0.53%
Net Income Q/Q Growth	0.41%	5.01%	0.26%	12.54%	-17.63%	19.71%	-13.81%	10.46%	2.79%	0.30%
EPS Q/Q Growth	1.00%	5.51%	0.54%	12.90%	-17.28%	19.57%	-13.73%	10.61%	2.99%	0.20%
Operating Cash Flow Q/Q Growth	6.03%	2.20%	-0.74%	4.02%	5.62%	7.91%	-11.65%	-90.83%	94.68%	-14.48%
Free Cash Flow Firm Q/Q Growth	3.28%	0.96%	-7.44%	17.12%	2.72%	-0.73%	-7.44%	-86.44%	84.96%	-15.62%
Invested Capital Q/Q Growth	-3.23%	-2.99%	-0.34%	-0.16%	-6.60%	-1.82%	-3.93%	5.73%	-6.92%	-2.20%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	52.94%	56.31%	56.21%	55.14%	54.88%	54.59%	54.03%	49.10%	51.04%	53.38%
EBITDA Margin	18.56%	21.09%	21.94%	21.23%	21.44%	20.95%	19.63%	18.38%	18.42%	17.95%
Operating Margin	17.29%	18.74%	19.95%	19.24%	19.46%	18.90%	18.20%	16.83%	16.70%	16.32%
EBIT Margin	16.85%	19.39%	20.16%	19.32%	19.64%	19.06%	18.20%	16.72%	16.85%	16.14%
Profit (Net Income) Margin	11.85%	13.83%	13.91%	15.96%	13.21%	14.86%	14.39%	12.98%	12.28%	11.79%
Tax Burden Percent	71.00%	72.30%	70.93%	86.75%	69.22%	80.39%	81.19%	80.05%	77.49%	76.11%
Interest Burden Percent	99.03%	98.62%	97.30%	95.23%	97.13%	96.99%	97.39%	96.96%	94.06%	96.00%
Effective Tax Rate	29.00%	27.70%	29.07%	13.25%	30.78%	19.61%	18.81%	19.95%	22.51%	23.89%
Return on Invested Capital (ROIC)	28.32%	32.52%	32.63%	36.96%	29.06%	29.75%	32.21%	26.52%	23.99%	26.14%
ROIC Less NNEP Spread (ROIC-NNEP)	-471.30%	43.50%	29.00%	28.94%	26.62%	27.29%	27.85%	22.79%	20.08%	20.01%
Return on Net Nonoperating Assets (RNNOA)	-0.93%	2.77%	5.21%	7.27%	8.09%	9.96%	6.73%	8.10%	9.11%	5.47%
Return on Equity (ROE)	27.38%	35.29%	37.84%	44.23%	37.15%	39.71%	38.94%	34.62%	33.10%	31.61%
Cash Return on Invested Capital (CROIC)	29.05%	38.50%	19.14%	27.93%	25.56%	21.08%	26.67%	1.13%	29.00%	27.61%
Operating Return on Assets (OROA)	18.56%	21.74%	21.62%	22.99%	26.84%	23.41%	22.40%	20.07%	20.76%	21.49%
Return on Assets (ROA)	13.05%	15.50%	14.92%	18.99%	18.04%	18.25%	17.72%	15.58%	15.13%	15.70%
Return on Common Equity (ROCE)	27.38%	35.29%	37.84%	44.23%	37.15%	39.71%	38.94%	34.62%	33.10%	31.61%
Return on Equity Simple (ROE_SIMPLE)	28.38%	37.49%	37.97%	41.94%	38.43%	37.87%	35.05%	35.69%	31.40%	30.21%
Net Operating Profit after Tax (NOPAT)	46	52	54	68	57	62	72	70	70	73
NOPAT Margin	12.28%	13.55%	14.15%	16.69%	13.47%	15.20%	14.78%	13.47%	12.94%	12.42%
Net Nonoperating Expense Percent (NNEP)	499.62%	-10.98%	3.63%	8.03%	2.44%	2.46%	4.36%	3.73%	3.91%	6.13%
Cost of Revenue to Revenue	47.06%	43.69%	43.79%	44.86%	45.12%	45.41%	45.97%	50.90%	48.96%	46.62%
SG&A Expenses to Revenue	28.79%	30.94%	30.11%	29.72%	29.28%	29.86%	29.81%	26.73%	28.79%	31.13%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	35.64%	37.57%	36.26%	35.90%	35.42%	35.69%	35.83%	32.27%	34.34%	37.06%
Earnings before Interest and Taxes (EBIT)	64	74	77	79	83	78	89	87	91	95
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	70	80	83	87	91	86	96	95	99	106
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	6.70	10.63	9.88	14.51	15.99	16.42	15.63	13.19	13.62	15.40
Price to Tangible Book Value (P/TBV)	27.49	58.41	50.00	48.67	58.92	47.06	32.20	28.31	26.02	27.88
Price to Revenue (P/Rev)	2.80	3.92	3.62	5.52	5.49	6.45	6.42	4.79	5.33	6.01
Price to Earnings (P/E)	23.61	28.36	26.02	34.59	41.60	43.37	44.60	36.94	43.38	50.96
Dividend Yield	2.03%	1.56%	1.92%	1.30%	1.40%	1.36%	1.22%	1.68%	1.55%	1.32%
Earnings Yield	4.24%	3.53%	3.84%	2.89%	2.40%	2.31%	2.24%	2.71%	2.31%	1.96%
Enterprise Value to Invested Capital (EV/IC)	6.51	9.79	8.03	11.89	11.92	12.36	13.74	8.74	10.39	12.92
Enterprise Value to Revenue (EV/Rev)	2.81	3.96	3.72	5.61	5.62	6.59	6.48	5.00	5.46	6.09
Enterprise Value to EBITDA (EV/EBITDA)	15.15	18.76	16.94	26.44	26.23	31.44	33.00	27.23	29.66	33.94
Enterprise Value to EBIT (EV/EBIT)	16.69	20.41	18.44	29.05	28.62	34.55	35.60	29.92	32.41	37.74
Enterprise Value to NOPAT (EV/NOPAT)	22.91	29.20	26.26	33.63	41.74	43.34	43.84	37.13	42.21	49.05
Enterprise Value to Operating Cash Flow (EV/OCF)	19.31	23.06	25.45	35.38	37.87	37.02	37.33	996.80	29.83	39.09
Enterprise Value to Free Cash Flow (EV/FCFF)	22.33	24.66	44.78	44.51	47.45	61.14	52.95	872.13	34.92	46.45
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.68	0.87	1.10	0.56	0.56	0.71	0.58	0.78	0.57	0.41
Long-Term Debt to Equity	0.68	0.87	0.96	0.40	0.41	0.71	0.57	0.57	0.52	0.37
Financial Leverage	0.00	0.06	0.18	0.25	0.30	0.37	0.24	0.36	0.45	0.27
Leverage Ratio	2.10	2.28	2.54	2.33	2.06	2.18	2.20	2.22	2.19	2.01
Compound Leverage Factor	2.08	2.24	2.47	2.22	2.00	2.11	2.14	2.15	2.06	1.93
Debt to Total Capital	40.62%	46.49%	52.49%	35.72%	35.89%	41.54%	36.61%	43.68%	36.45%	29.10%
Short-Term Debt to Total Capital	0.00%	0.00%	6.82%	9.76%	9.35%	0.29%	0.25%	11.70%	3.27%	2.66%
Long-Term Debt to Total Capital	40.62%	46.49%	45.67%	25.96%	26.54%	41.24%	36.36%	31.99%	33.18%	26.44%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	59.38%	53.51%	47.51%	64.28%	64.11%	58.46%	63.39%	56.32%	63.55%	70.90%
Debt to EBITDA	1.54	1.52	1.85	1.00	0.90	1.33	1.21	1.53	1.22	0.89
Net Debt to EBITDA	0.08	0.17	0.44	0.43	0.60	0.67	0.31	1.14	0.73	0.45
Long-Term Debt to EBITDA	1.54	1.52	1.61	0.72	0.66	1.32	1.20	1.12	1.11	0.81
Debt to NOPAT	2.33	2.37	2.86	1.27	1.43	1.83	1.60	2.09	1.73	1.29
Net Debt to NOPAT	0.12	0.26	0.68	0.55	0.95	0.93	0.41	1.55	1.04	0.65
Long-Term Debt to NOPAT	2.33	2.37	2.49	0.92	1.06	1.82	1.59	1.53	1.58	1.17
Altman Z-Score	6.87	8.06	6.98	12.35	13.20	11.60	11.83	9.78	11.41	13.73
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.28	3.57	2.98	1.96	1.98	3.08	2.81	2.25	2.80	2.47
Quick Ratio	3.36	2.95	2.41	1.37	1.34	2.28	2.04	1.15	1.65	1.59
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	48	61	32	52	50	44	60	2.98	84	77
Operating Cash Flow to CapEx	1,010.16%	1,611.20%	281.81%	544.81%	487.25%	383.55%	585.85%	33.86%	1,582.87%	2,604.24%
Free Cash Flow to Firm to Interest Expense	39.53	35.86	12.23	12.21	19.74	18.04	24.93	1.09	14.97	18.07
Operating Cash Flow to Interest Expense	45.70	38.35	21.52	15.36	24.73	29.79	35.37	0.95	17.53	21.47
Operating Cash Flow Less CapEx to Interest Expense	41.17	35.97	13.89	12.54	19.66	22.03	29.33	-1.86	16.42	20.64
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.10	1.12	1.07	1.19	1.37	1.23	1.23	1.20	1.23	1.33
Accounts Receivable Turnover	6.18	6.17	5.90	6.13	5.97	5.32	5.73	5.78	5.72	5.48
Inventory Turnover	5.31	5.21	4.96	5.10	4.95	4.53	4.63	3.30	2.76	3.33
Fixed Asset Turnover	35.88	33.22	18.57	12.42	10.40	7.72	7.46	7.62	8.09	9.10
Accounts Payable Turnover	10.12	9.29	8.42	9.16	10.10	9.18	8.13	7.96	8.26	8.25
Days Sales Outstanding (DSO)	59.06	59.17	61.84	59.54	61.17	68.59	63.65	63.14	63.85	66.61
Days Inventory Outstanding (DIO)	68.75	70.06	73.53	71.58	73.78	80.63	78.91	110.48	132.26	109.77
Days Payable Outstanding (DPO)	36.05	39.31	43.36	39.85	36.16	39.75	44.88	45.86	44.18	44.27
Cash Conversion Cycle (CCC)	91.75	89.93	92.01	91.27	98.79	109.47	97.68	127.76	151.93	132.11
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	163	154	176	193	200	218	230	297	283	278
Invested Capital Turnover	2.31	2.40	2.31	2.21	2.16	1.96	2.18	1.97	1.85	2.11
Increase / (Decrease) in Invested Capital	-1.20	-9.49	22	17	6.86	18	12	67	-15	-4.12
Enterprise Value (EV)	1,063	1,506	1,414	2,293	2,380	2,690	3,162	2,596	2,935	3,597
Market Capitalization	1,058	1,493	1,377	2,256	2,326	2,633	3,132	2,487	2,863	3,549
Book Value per Share	$10.90	$9.86	$9.94	$11.21	$10.60	$11.73	$14.62	$13.84	$15.50	$17.01
Tangible Book Value per Share	$2.66	$1.80	$1.97	$3.34	$2.88	$4.09	$7.10	$6.45	$8.11	$9.40
Total Capital	266	262	293	242	227	274	316	335	331	325
Total Debt	108	122	154	86	81	114	116	146	121	95
Total Long-Term Debt	108	122	134	63	60	113	115	107	110	86
Net Debt	5.50	13	37	37	54	57	30	108	72	48
Capital Expenditures (CapEx)	5.45	4.05	20	12	13	19	14	7.69	6.22	3.53
Debt-free, Cash-free Net Working Capital (DFCFNWC)	55	42	52	57	67	69	70	140	122	114
Debt-free Net Working Capital (DFNWC)	157	151	169	106	95	126	156	178	170	161
Net Working Capital (NWC)	157	151	149	82	73	125	155	139	160	152
Net Nonoperating Expense (NNE)	1.62	-1.04	0.91	2.97	1.12	1.37	1.90	2.58	3.53	3.69
Net Nonoperating Obligations (NNO)	5.50	13	37	37	54	57	30	108	72	48
Total Depreciation and Amortization (D&A)	6.46	6.47	6.77	7.80	7.59	7.70	7.02	8.59	8.42	11
Debt-free, Cash-free Net Working Capital to Revenue	14.49%	11.10%	13.71%	13.85%	15.92%	16.98%	14.37%	27.01%	22.77%	19.29%
Debt-free Net Working Capital to Revenue	41.59%	39.61%	44.53%	25.87%	22.35%	30.81%	31.98%	34.31%	31.73%	27.19%
Net Working Capital to Revenue	41.59%	39.61%	39.27%	20.09%	17.34%	30.61%	31.81%	26.76%	29.72%	25.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$3.05	$3.65	$3.73	$4.65	$4.03	$4.41	$5.11	$4.91	$4.84	$5.12
Adjusted Weighted Average Basic Shares Outstanding	14.58M	14.33M	14.09M	13.93M	13.80M	13.69M	13.70M	13.67M	13.58M	13.55M
Adjusted Diluted Earnings per Share	$3.04	$3.64	$3.72	$4.64	$4.02	$4.40	$5.09	$4.90	$4.83	$5.11
Adjusted Weighted Average Diluted Shares Outstanding	14.65M	14.38M	14.12M	13.96M	13.83M	13.72M	13.73M	13.70M	13.60M	13.58M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	14.37M	14.18M	13.96M	13.84M	13.70M	13.66M	13.71M	13.58M	13.56M	13.54M
Normalized Net Operating Profit after Tax (NOPAT)	46	52	54	68	57	62	72	70	70	73
Normalized NOPAT Margin	12.28%	13.55%	14.15%	16.69%	13.47%	15.20%	14.78%	13.47%	12.94%	12.42%
Pre Tax Income Margin	16.69%	19.12%	19.61%	18.40%	19.08%	18.49%	17.72%	16.21%	15.85%	15.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	52.89	43.34	29.70	18.71	32.73	31.92	37.08	31.64	16.13	22.23
NOPAT to Interest Expense	38.53	30.29	20.85	16.16	22.44	25.45	30.12	25.50	12.38	17.11
EBIT Less CapEx to Interest Expense	48.37	40.96	22.07	15.89	27.65	24.16	31.05	28.83	15.02	21.41
NOPAT Less CapEx to Interest Expense	34.00	27.91	13.22	13.34	17.37	17.69	24.08	22.69	11.28	16.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	48.47%	44.97%	50.65%	45.37%	58.83%	59.36%	54.43%	62.36%	67.55%	67.77%
Augmented Payout Ratio	116.01%	106.03%	109.42%	80.04%	111.82%	87.08%	54.43%	105.67%	83.36%	79.40%

This table displays calculated financial ratios and metrics derived from WD-40's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-9.34%	13.17%	-7.31%	0.16%	14.60%	7.69%	12.43%	6.85%	9.40%	11.06%	9.31%
EBITDA Growth	-28.36%	55.16%	-19.41%	-10.35%	33.51%	21.36%	27.68%	-4.60%	6.05%	2.36%	3.82%
EBIT Growth	-31.13%	59.91%	-20.66%	-10.71%	36.73%	23.16%	28.23%	-7.03%	3.83%	0.16%	3.47%
NOPAT Growth	-29.57%	71.22%	-23.47%	-11.30%	32.42%	9.58%	24.08%	-6.37%	4.88%	2.22%	6.96%
Net Income Growth	-31.07%	75.84%	-24.56%	-15.29%	30.49%	12.10%	24.90%	-5.99%	5.01%	1.26%	8.25%
EPS Growth	-29.61%	77.05%	-23.88%	-14.18%	28.97%	12.96%	25.49%	-5.79%	5.80%	0.82%	8.59%
Operating Cash Flow Growth	-83.35%	-124.36%	1,202.11%	108.95%	869.66%	947.15%	157.89%	71.04%	-42.47%	-36.42%	-44.53%
Free Cash Flow Firm Growth	-843.26%	-1,510.30%	-322.09%	-51.95%	89.83%	162.31%	224.52%	302.51%	1,578.32%	-31.45%	-64.94%
Invested Capital Growth	17.29%	29.08%	20.81%	16.53%	8.03%	-4.89%	-9.41%	-12.23%	-6.21%	-1.46%	1.13%
Revenue Q/Q Growth	-4.86%	5.46%	-4.24%	4.24%	8.85%	-0.89%	-0.03%	-0.93%	11.46%	0.61%	-1.60%
EBITDA Q/Q Growth	-22.48%	1.11%	-2.40%	17.18%	15.45%	-8.09%	2.69%	-12.25%	28.33%	-11.29%	4.15%
EBIT Q/Q Growth	-24.22%	0.73%	-1.32%	18.53%	16.05%	-9.27%	2.74%	-14.07%	29.62%	-12.48%	6.14%
NOPAT Q/Q Growth	-24.06%	5.30%	-6.63%	18.80%	13.38%	-12.87%	5.73%	-10.36%	27.01%	-15.07%	10.63%
Net Income Q/Q Growth	-25.77%	2.11%	-5.34%	18.07%	14.34%	-12.28%	5.47%	-11.13%	27.72%	-15.41%	12.76%
EPS Q/Q Growth	-24.11%	0.93%	-5.56%	18.63%	14.05%	-11.59%	4.92%	-10.94%	28.07%	-15.75%	13.01%
Operating Cash Flow Q/Q Growth	-28.97%	-241.39%	306.59%	0.70%	229.65%	23.53%	-37.11%	-33.21%	10.88%	36.51%	-45.13%
Free Cash Flow Firm Q/Q Growth	-47.81%	-93.57%	26.14%	28.09%	90.11%	1,285.77%	47.60%	16.95%	-27.78%	-45.01%	-24.51%
Invested Capital Q/Q Growth	3.93%	5.73%	2.64%	3.33%	-3.65%	-6.92%	-2.24%	0.10%	2.97%	-2.20%	0.32%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	47.70%	47.38%	51.45%	50.75%	50.64%	51.35%	53.81%	52.44%	53.14%	54.07%	54.78%
EBITDA Margin	16.98%	16.28%	16.59%	18.65%	19.78%	18.35%	18.85%	16.66%	19.18%	16.91%	17.90%
Operating Margin	15.35%	14.98%	14.96%	17.02%	18.10%	16.54%	17.22%	15.05%	17.53%	15.42%	16.37%
EBIT Margin	15.32%	14.63%	15.08%	17.14%	18.28%	16.73%	17.19%	14.92%	17.35%	15.09%	16.27%
Profit (Net Income) Margin	11.71%	11.34%	11.21%	12.69%	13.33%	11.80%	12.45%	11.17%	12.80%	10.76%	12.33%
Tax Burden Percent	79.13%	80.93%	79.06%	79.20%	77.53%	74.60%	75.77%	78.44%	76.77%	73.67%	78.02%
Interest Burden Percent	96.61%	95.75%	94.03%	93.50%	94.10%	94.56%	95.56%	95.46%	96.11%	96.80%	97.10%
Effective Tax Rate	20.87%	19.07%	20.94%	20.80%	22.47%	25.41%	24.23%	21.56%	23.23%	26.33%	21.98%
Return on Invested Capital (ROIC)	23.50%	23.87%	21.60%	23.44%	25.32%	22.87%	24.83%	22.42%	26.30%	23.91%	27.75%
ROIC Less NNEP Spread (ROIC-NNEP)	22.62%	22.38%	20.68%	22.36%	24.23%	22.04%	23.86%	21.42%	25.03%	22.36%	26.55%
Return on Net Nonoperating Assets (RNNOA)	6.98%	7.95%	8.89%	10.69%	11.09%	9.99%	10.18%	9.22%	9.37%	6.11%	6.81%
Return on Equity (ROE)	30.48%	31.82%	30.49%	34.13%	36.41%	32.87%	35.01%	31.65%	35.67%	30.02%	34.56%
Cash Return on Invested Capital (CROIC)	8.43%	1.13%	4.62%	6.30%	15.55%	29.00%	35.02%	37.36%	31.20%	27.61%	25.73%
Operating Return on Assets (OROA)	18.00%	17.56%	17.78%	19.99%	22.22%	20.61%	21.80%	18.78%	22.63%	20.09%	22.38%
Return on Assets (ROA)	13.76%	13.61%	13.22%	14.80%	16.21%	14.54%	15.78%	14.06%	16.69%	14.33%	16.95%
Return on Common Equity (ROCE)	30.48%	31.82%	30.49%	34.13%	36.41%	32.87%	35.01%	31.65%	35.67%	30.02%	34.56%
Return on Equity Simple (ROE_SIMPLE)	31.22%	0.00%	32.80%	30.31%	31.19%	0.00%	32.18%	31.67%	31.24%	0.00%	31.41%
Net Operating Profit after Tax (NOPAT)	15	16	15	18	20	17	18	16	21	18	20
NOPAT Margin	12.15%	12.13%	11.82%	13.48%	14.04%	12.34%	13.05%	11.81%	13.46%	11.36%	12.77%
Net Nonoperating Expense Percent (NNEP)	0.88%	1.49%	0.92%	1.08%	1.09%	0.84%	0.97%	1.00%	1.27%	1.55%	1.19%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	5.61%	-	-	-	5.86%
Cost of Revenue to Revenue	52.30%	52.62%	48.55%	49.25%	49.36%	48.65%	46.19%	47.56%	46.86%	45.93%	45.22%
SG&A Expenses to Revenue	27.19%	24.38%	32.01%	28.95%	26.95%	27.64%	31.43%	32.37%	29.39%	31.50%	32.92%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	32.35%	32.39%	36.49%	33.74%	32.53%	34.81%	36.58%	37.38%	35.61%	38.65%	38.41%
Earnings before Interest and Taxes (EBIT)	19	19	19	22	26	23	24	21	27	24	25
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	21	21	21	24	28	26	26	23	30	26	27
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.73	13.19	11.56	11.67	12.28	13.62	14.98	16.71	13.65	15.40	16.58
Price to Tangible Book Value (P/TBV)	26.53	28.31	24.38	23.77	23.95	26.02	27.88	30.99	25.58	27.88	29.45
Price to Revenue (P/Rev)	4.93	4.79	4.35	4.52	4.79	5.33	5.85	6.43	5.28	6.01	6.22
Price to Earnings (P/E)	40.77	36.94	35.24	38.52	39.37	43.38	46.55	52.76	43.70	50.96	52.78
Dividend Yield	1.65%	1.68%	1.92%	1.87%	1.73%	1.55%	1.39%	1.26%	1.53%	1.32%	1.27%
Earnings Yield	2.45%	2.71%	2.84%	2.60%	2.54%	2.31%	2.15%	1.90%	2.29%	1.96%	1.89%
Enterprise Value to Invested Capital (EV/IC)	9.15	8.74	7.63	7.68	8.65	10.39	11.93	13.29	10.88	12.92	13.62
Enterprise Value to Revenue (EV/Rev)	5.11	5.00	4.57	4.75	4.98	5.46	5.96	6.54	5.39	6.09	6.30
Enterprise Value to EBITDA (EV/EBITDA)	29.39	27.23	25.83	27.75	27.86	29.66	31.56	35.58	29.58	33.94	35.56
Enterprise Value to EBIT (EV/EBIT)	32.30	29.92	28.42	30.58	30.48	32.41	34.37	38.96	32.50	37.74	39.57
Enterprise Value to NOPAT (EV/NOPAT)	40.57	37.13	35.57	38.34	38.60	42.21	45.08	51.04	42.46	49.05	51.00
Enterprise Value to Operating Cash Flow (EV/OCF)	90.55	996.80	166.26	124.35	51.94	29.83	28.68	30.03	28.78	39.09	47.54
Enterprise Value to Free Cash Flow (EV/FCFF)	117.16	872.13	180.80	131.17	57.78	34.92	32.37	33.24	33.74	46.45	53.22
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.65	0.78	0.79	0.79	0.66	0.57	0.51	0.53	0.49	0.41	0.48
Long-Term Debt to Equity	0.56	0.57	0.56	0.55	0.53	0.52	0.40	0.40	0.38	0.37	0.37
Financial Leverage	0.31	0.36	0.43	0.48	0.46	0.45	0.43	0.43	0.37	0.27	0.26
Leverage Ratio	2.15	2.22	2.21	2.21	2.16	2.19	2.14	2.16	2.06	2.01	1.99
Compound Leverage Factor	2.08	2.13	2.08	2.06	2.03	2.07	2.05	2.06	1.98	1.95	1.93
Debt to Total Capital	39.33%	43.68%	44.01%	44.12%	39.81%	36.45%	33.88%	34.85%	32.66%	29.10%	32.30%
Short-Term Debt to Total Capital	5.09%	11.70%	12.44%	13.45%	7.97%	3.27%	7.49%	8.97%	6.76%	2.66%	7.01%
Long-Term Debt to Total Capital	34.24%	31.99%	31.57%	30.68%	31.84%	33.18%	26.39%	25.87%	25.90%	26.44%	25.29%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	60.67%	56.32%	55.99%	55.88%	60.19%	63.55%	66.12%	65.15%	67.34%	70.90%	67.70%
Debt to EBITDA	1.45	1.53	1.67	1.79	1.45	1.22	1.06	1.12	1.03	0.89	1.01
Net Debt to EBITDA	0.98	1.14	1.26	1.35	1.04	0.73	0.58	0.58	0.60	0.45	0.50
Long-Term Debt to EBITDA	1.26	1.12	1.20	1.24	1.16	1.11	0.83	0.83	0.82	0.81	0.79
Debt to NOPAT	2.00	2.09	2.30	2.47	2.00	1.73	1.51	1.61	1.48	1.29	1.45
Net Debt to NOPAT	1.35	1.55	1.74	1.87	1.44	1.04	0.83	0.84	0.86	0.65	0.71
Long-Term Debt to NOPAT	1.74	1.53	1.65	1.72	1.60	1.58	1.18	1.19	1.17	1.17	1.13
Altman Z-Score	9.58	9.27	8.44	8.59	9.86	10.91	12.47	12.95	11.67	13.20	13.72
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	2.51	2.25	2.25	2.26	2.62	2.80	2.40	2.27	2.36	2.47	2.44
Quick Ratio	1.39	1.15	1.09	1.19	1.46	1.65	1.47	1.45	1.54	1.59	1.55
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-26	-51	-38	-27	-2.69	32	47	55	40	22	16
Operating Cash Flow to CapEx	112.82%	-530.12%	802.85%	530.54%	3,717.38%	2,136.70%	4,011.33%	1,676.87%	1,719.76%	4,305.38%	2,633.16%
Free Cash Flow to Firm to Interest Expense	-39.47	-60.85	-32.29	-18.07	-1.68	23.66	41.02	54.54	33.59	22.96	18.88
Operating Cash Flow to Interest Expense	5.34	-6.01	8.93	7.00	21.69	31.80	23.49	17.83	16.86	28.61	17.10
Operating Cash Flow Less CapEx to Interest Expense	0.61	-7.15	7.82	5.68	21.11	30.31	22.90	16.77	15.88	27.95	16.45
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.18	1.20	1.18	1.17	1.22	1.23	1.27	1.26	1.30	1.33	1.38
Accounts Receivable Turnover	5.10	5.78	5.57	4.99	5.46	5.72	6.06	5.47	5.30	5.48	5.84
Inventory Turnover	3.50	3.30	2.76	2.80	2.75	2.76	2.66	2.89	3.16	3.33	3.58
Fixed Asset Turnover	7.29	7.62	7.56	7.54	7.77	8.09	8.42	8.62	8.81	9.10	9.65
Accounts Payable Turnover	6.99	7.96	7.70	7.57	7.81	8.26	8.87	8.84	9.20	8.25	9.23
Days Sales Outstanding (DSO)	71.58	63.14	65.56	73.12	66.87	63.85	60.22	66.68	68.87	66.61	62.45
Days Inventory Outstanding (DIO)	104.26	110.48	132.02	130.19	132.59	132.26	137.03	126.45	115.33	109.77	102.04
Days Payable Outstanding (DPO)	52.21	45.86	47.41	48.22	46.75	44.18	41.15	41.30	39.69	44.27	39.54
Cash Conversion Cycle (CCC)	123.63	127.76	150.17	155.10	152.70	151.93	156.10	151.83	144.51	132.11	124.95
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	281	297	305	315	304	283	276	277	285	278	279
Invested Capital Turnover	1.94	1.97	1.83	1.74	1.80	1.85	1.90	1.90	1.95	2.11	2.17
Increase / (Decrease) in Invested Capital	41	67	53	45	23	-15	-29	-39	-19	-4.12	3.12
Enterprise Value (EV)	2,571	2,596	2,326	2,421	2,625	2,935	3,294	3,674	3,097	3,597	3,805
Market Capitalization	2,485	2,487	2,212	2,303	2,527	2,863	3,234	3,613	3,035	3,549	3,752
Book Value per Share	$14.29	$13.84	$14.09	$14.52	$15.16	$15.50	$15.93	$15.95	$16.40	$17.01	$16.71
Tangible Book Value per Share	$6.86	$6.45	$6.68	$7.13	$7.77	$8.11	$8.56	$8.60	$8.75	$9.40	$9.41
Total Capital	322	335	342	353	342	331	327	332	330	325	334
Total Debt	127	146	150	156	136	121	111	116	108	95	108
Total Long-Term Debt	110	107	108	108	109	110	86	86	85	86	85
Net Debt	86	108	114	118	98	72	60	60	62	48	53
Capital Expenditures (CapEx)	3.17	0.95	1.30	1.98	0.93	2.00	0.67	1.07	1.16	0.63	0.57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	121	140	147	156	143	122	113	114	121	114	124
Debt-free Net Working Capital (DFNWC)	161	178	184	194	182	170	163	170	166	161	179
Net Working Capital (NWC)	145	139	142	147	155	160	139	140	144	152	155
Net Nonoperating Expense (NNE)	0.54	1.03	0.77	1.02	1.00	0.76	0.84	0.89	1.02	0.93	0.68
Net Nonoperating Obligations (NNO)	86	108	114	118	98	72	60	60	62	48	53
Total Depreciation and Amortization (D&A)	2.06	2.15	1.90	1.97	2.14	2.27	2.32	2.42	2.84	2.84	2.49
Debt-free, Cash-free Net Working Capital to Revenue	23.96%	27.01%	28.95%	30.70%	27.20%	22.77%	20.44%	20.37%	20.96%	19.29%	20.51%
Debt-free Net Working Capital to Revenue	32.06%	34.31%	36.20%	38.16%	34.48%	31.73%	29.54%	30.24%	28.84%	27.19%	29.61%
Net Working Capital to Revenue	28.81%	26.76%	27.84%	28.84%	29.31%	29.72%	25.12%	24.94%	24.96%	25.73%	25.73%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.07	$1.08	$1.03	$1.21	$1.39	$1.21	$1.28	$1.14	$1.46	$1.24	$1.39
Adjusted Weighted Average Basic Shares Outstanding	13.66M	13.67M	13.59M	13.58M	13.57M	13.58M	13.56M	13.56M	13.55M	13.55M	13.55M
Adjusted Diluted Earnings per Share	$1.07	$1.08	$1.02	$1.21	$1.38	$1.22	$1.28	$1.14	$1.46	$1.23	$1.39
Adjusted Weighted Average Diluted Shares Outstanding	13.68M	13.70M	13.61M	13.61M	13.60M	13.60M	13.58M	13.58M	13.58M	13.58M	13.57M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	13.63M	13.58M	13.59M	13.57M	13.56M	13.56M	13.56M	13.55M	13.55M	13.54M	13.55M
Normalized Net Operating Profit after Tax (NOPAT)	15	16	15	18	20	17	18	16	21	18	20
Normalized NOPAT Margin	12.15%	12.13%	11.82%	13.48%	14.04%	12.34%	13.05%	11.81%	13.46%	11.36%	12.77%
Pre Tax Income Margin	14.80%	14.01%	14.18%	16.03%	17.20%	15.82%	16.43%	14.24%	16.67%	14.61%	15.80%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	28.31	22.71	16.11	14.86	16.22	17.46	21.07	20.58	22.75	24.75	28.62
NOPAT to Interest Expense	22.45	18.83	12.63	11.68	12.46	12.88	15.99	16.30	17.65	18.63	22.45
EBIT Less CapEx to Interest Expense	23.58	21.58	14.99	13.54	15.63	15.97	20.48	19.52	21.77	24.08	27.97
NOPAT Less CapEx to Interest Expense	17.72	17.70	11.52	10.36	11.87	11.39	15.40	15.23	16.67	17.97	21.80
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	67.63%	62.36%	68.05%	72.47%	68.45%	67.55%	65.12%	67.01%	67.04%	67.77%	67.33%
Augmented Payout Ratio	104.36%	105.67%	109.22%	100.28%	90.56%	83.36%	77.75%	81.78%	83.01%	79.40%	80.42%

Frequently Asked Questions About WD-40's Financials

When does WD-40's fiscal year end?

According to the most recent income statement we have on file, WD-40's financial year ends in August. Their financial year 2024 ended on August 31, 2024.

How has WD-40's net income changed over the last 9 years?

WD-40's net income appears to be on an upward trend, with a most recent value of $69.64 million in 2024, rising from $44.81 million in 2015. The previous period was $65.99 million in 2023.

What is WD-40's operating income?

WD-40's total operating income in 2024 was $96.35 million, based on the following breakdown:

Total Gross Profit: $315.23 million
Total Operating Expenses: $218.88 million

How has WD-40 revenue changed over the last 9 years?

Over the last 9 years, WD-40's total revenue changed from $378.15 million in 2015 to $590.56 million in 2024, a change of 56.2%.

How much debt does WD-40 have?

WD-40's total liabilities were at $218.51 million at the end of 2024, a 4.1% decrease from 2023, and a 20.5% increase since 2015.

How much cash does WD-40 have?

In the past 9 years, WD-40's cash and equivalents has ranged from $27.23 million in 2019 to $85.96 million in 2021, and is currently $46.70 million as of their latest financial filing in 2024.

How has WD-40's book value per share changed over the last 9 years?

Over the last 9 years, WD-40's book value per share changed from 10.90 in 2015 to 17.01 in 2024, a change of 56.2%.

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This page (NASDAQ:WDFC) was last updated on 4/15/2025 by MarketBeat.com Staff

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WD-40 (WDFC) Financials

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WD-40 (WDFC) Financials

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