WD-40 Company
WDFC Basic Materials Specialty Chemicals
WD-40 Company’s revenue for fiscal 2025 (year ended August 2025) was $620.0 million, up 4.98% from fiscal 2024. In the quarter to May 2026, revenue grew 24.4%, EPS grew 45.5%, free cash flow fell 13.3% and total debt rose 5.05%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for five; insiders bought in the last twelve months.
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WD-40 Company (WDFC) Piotroski F-score
WD-40 Company's Piotroski F-score for fiscal 2025 is 8 out of 9: 8 of nine tests of profitability, leverage and efficiency passed, unchanged from fiscal 2024.
Piotroski F-score, annual
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Annual newest first
| Period | Piotroski F-score | Change (points) |
|---|---|---|
| FY2025 | 8 | 0.00 |
| FY2024 | 8 | 1.00 |
| FY2023 | 7 | 3.00 |
| FY2022 | 4 | (1.00) |
| FY2021 | 5 | (1.00) |
| FY2020 | 6 | 0.00 |
| FY2019 | 6 | (1.00) |
| FY2018 | 7 | 3.00 |
| FY2017 | 4 | — |
How fiscal 2025’s score is made up
| Test | This year | Year before | Result | Points |
|---|---|---|---|---|
| Positive return on assets | 19.62% | 15.65% | Pass | 1 |
| Positive operating cash flow | 87.93m | 92.03m | Pass | 1 |
| Rising return on assets | 19.62% | 15.65% | Pass | 1 |
| Cash flow above net income | (2.81m) | 22.64m | Fail | 0 |
| Falling long-term leverage | 0.19 | 0.19 | Pass | 1 |
| Rising current ratio | 2.79 | 2.47 | Pass | 1 |
| No new shares issued | 13,544,000 | 13,554,000 | Pass | 1 |
| Rising gross margin | 55.06% | 53.38% | Pass | 1 |
| Rising asset turnover | 1.34 | 1.33 | Pass | 1 |
| Piotroski F-score | Strong — most fundamentals improved | 8 | ||
How the Piotroski F-score works
One point for each of nine tests, this fiscal year against the one before: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, a rising current ratio, no new shares issued, a rising gross margin and rising asset turnover. The ratios are the ones on this site, so each can be checked.
Joseph Piotroski (2000) called 8–9 high and 0–1 low; reading it in three bands is the common convention:
| 7–9 | Strong — most fundamentals improved |
|---|---|
| 4–6 | Mixed |
| 0–3 | Weak — most fundamentals deteriorated |
Where this differs from the paper: return on assets is on average rather than beginning-of-year assets, and weighted basic shares stand in for shares issued. The score is shown only when all nine tests can be worked out, which takes three fiscal years; banks and insurers, which report no current assets or gross profit, have none.
Piotroski F-score against peers
| Company | Piotroski F-score |
|---|---|
| WDFC WD-40 Company | 8 |
| FUL H. B. Fuller Company compare | 7 |
| IOSP Innospec Inc. compare | 7 |
| NGVT Ingevity Corporation compare | 6 |
| AVNT Avient Corporation compare | 5 |
| KWR Quaker Houghton compare | 5 |
| ASH Ashland Inc. compare | 5 |
| MTX Minerals Technologies Inc. compare | 4 |
| HWKN Hawkins, Inc. compare | 4 |
What Piotroski F-score is
The Piotroski F-Score tells an investor how many signs of improving profitability, funding and efficiency a company shows against a year earlier.
One point for each of nine tests against a year earlier: positive return on assets, positive operating cash flow, rising return on assets, cash flow above net income, falling long-term leverage, rising current ratio, no new shares issued, rising gross margin, and rising asset turnover