| Factor | Score | Distribution | Value | Avg | Rank |
|---|---|---|---|---|---|
Valuation | 29 | 28.7x | 17.6x | Bottom tier | |
Growth | 63 | 10.2% | 7.1% | Around median | |
Quality | 87 | 24.2% | 4.5% | Top tier | |
Safety | 88 | 0.4x | 2.6x | Top tier | |
Capital Return | 44 | 2.07% | 2.15% | Around median | |
Momentum | 33 | 6.4% | 2.3% | Bottom tier | |
Sentiment | 34 | 2 | 3 | Bottom tier |
Estimates — analyst targets and a simplified DCF, not investment advice.
Ten ratios that matter, each compared against its sector median and average — so you can see whether a number is rich or cheap relative to peers in the same sector.
WD-40 Company sells maintenance products across 176 countries and territories and 62 trade channels, with its revenue model driven primarily by WD-40 Multi-Use Product and its two premium delivery systems, Smart Straw and EZ-REACH, alongside the WD-40 Specialist range of specialized solutions. Maintenance products accounted for 97% of net sales in Q3 fiscal 2026, while the company continues to manage its homecare and cleaning brands in the Americas, which generate approximately $12 million in annual sales, as non-core brands managed for returns, with their revenue expected to decline gradually.
In Q3 fiscal 2026, revenue reached $195.1 million, up 24% year over year, while gross profit was $110.4 million, EDGAR net income was approximately $30.2 million, and earnings per share were $2.24. Gross margin reached 56.6%, up 40 basis points, while operating income rose 47% to $40.3 million; on a non-GAAP basis, net income was $31.5 million and diluted earnings per share were $2.33, compared with $1.54 a year earlier.
Q3 fiscal 2026 sales were distributed across the Americas at $101 million, up 29%; EMEA at $66.6 million, up 17%; and Asia-Pacific at $27.3 million, up 24%. Maintenance product sales reached $190 million, up 26% on a reported basis and 22% in constant currency, including $98.3 million in the Americas following 31% growth, confirming that growth and profitability depend heavily on expanding distribution of the core WD-40 brand and Specialist products.
Automated analysis for informational purposes only — not investment advice.
The average analyst price target is $475, within a wide range of $300 to $650, while the high end of the 52-week range is $298.90; this means the average target is approximately 59% above that historical level, and even the lowest target is slightly higher. However, the “Neutral” consensus and the $350 spread between the highest and lowest targets reflect substantial uncertainty regarding the sustainability of the Q3 fiscal 2026 sales surge and the path of gross margin recovery during fiscal 2027.
Figures in the text are as of 2026-08-31; the live price is shown at the top of the page.
Revenue increased 24% to $195.1 million, with maintenance products growing 26% to $190 million. The Americas led performance with sales of $101 million and growth of 29%, while EMEA grew 17% to $66.6 million and Asia-Pacific grew 24% to $27.3 million. Drivers included expanded distribution of WD-40 Multi-Use Product, the Disney Entertainment and The Home Depot campaign, and e-commerce growth, but approximately $3 million of global demand shifted from Q4 to Q3.
Gross profit reached $110.4 million, and gross margin increased 40 basis points to 56.6%. Operating income grew 47% to $40.3 million, compared with revenue growth of 24%, and adjusted EBITDA margin increased to 23% from 20%. EDGAR net income was approximately $30.2 million and earnings per share were $2.24, while non-GAAP earnings per share were $2.33.
The company expects constant-currency revenue of $652 million to $667 million, representing growth of 6% to 9%, and reported revenue of $675 million to $690 million, representing growth of 10% to 12%. It expects non-GAAP operating income of $107 million to $113 million and diluted earnings per share of $6.05 to $6.35. It also targets gross margin of 54% to 55.5% and advertising and promotional spending equivalent to approximately 6% of sales.
WD-40 Specialist sales increased 22% from the beginning of fiscal 2026 to $72.9 million, against a total addressable market that management estimates at approximately $665 million. 90% of the range's sales come from only ten markets, creating substantial geographic expansion potential but also clear concentration. The company launched BIOLUBE in several European markets during Q3 fiscal 2026 and said on July 9, 2026 that the product had become one of the best-selling Specialist products in France, with a plan to expand it globally within approximately 18 months.
The most significant risk is the flow-through of higher base oil and specialty chemical costs into inventory and production costs. Management stated that some input prices increased 50% and others doubled, and that costs began to decline by 20% to 25% in June 2026 but at a slower pace than they had risen. The company implemented mid- to high-single-digit price increases in Europe and Asia-Pacific, but most of the benefits are expected in fiscal 2027, and additional measures may be required if the pressure persists.
The company completed the sale of its homecare and cleaning brand portfolio in the United Kingdom in August 2025, but its attempt to sell the Americas brands as a package had not succeeded by the July 9, 2026 call. It therefore discontinued actively marketing those brands and reclassified them as assets held for use, while retaining their non-core designation and managing them for returns. These brands represent approximately $12 million in annual sales and less than 2% of global revenue, and management expects their revenue to decline gradually while contributing approximately $2.9 million to operating income in fiscal 2026.
