Is WD 40 CO financially healthy?

WD 40 CO scores 7 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of WD 40 CO?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

WD 40 CO (WDFC)

Nasdaq · Common Stock · Miscellaneous Chemical Products

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

manufacturer of household products

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 9

PASSReturn on assets positiveROA 19.1%
PASSOperating cash flow positiveOCF 88M
PASSReturn on assets improving15.5% → 19.1%
FAILCash flow exceeds earningsOCF 88M vs NI 91M
PASSLong-term debt ratio falling19.1% → 18.1% of assets
PASSCurrent ratio improving2.47 → 2.79
PASSNo share dilution14M → 14M shares
PASSGross margin improving53.4% → 55.1%
FAILAsset turnover improving1.32× → 1.30×

Altman Z-score

11.92safe

Bankruptcy-risk screen combining working capital, retained earnings, operating income, market value against liabilities, and asset turnover. Above 2.99 is the safe zone; below 1.81 is distress.

Cash conversion: 96.6%
Share count change: -0.1%

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$408.5M	$60.7M	$53.4M	54.6%	13,719,000
FY2021	$488.1M	$70.2M	$69.7M	54.0%	13,733,000
FY2022	$518.8M	$67.3M	−$5.7M	49.1%	13,696,000
FY2023	$537.3M	$66.0M	$91.5M	51.0%	13,604,000
FY2024	$590.6M	$69.6M	$87.8M	53.4%	13,580,000

Ownership flow

13 institutions tracked — 7 added, 5 reduced, 1 opened a new position, 1 sold out. Index money added 112,500 shares while active managers cut 82,315.

Institutional holders of WD 40 CO and their share-count change
Manager	Kind	Shares	Change	Value
BlackRock, Inc.	Index	2,075,743	+55,768	$505.7M
MORGAN STANLEY	Active fund	252,684	−52,100	$61.6M
GEODE CAPITAL MANAGEMENT, LLC	Index	441,406	+33,935	$107.6M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	176,076

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Dividend per share

2025Q4: $0.94
2021Q4: $0.72
2018Q2: $0.54
2018Q1: $0.54
2017Q4: $0.49
2017Q2: $0.49

Shares repurchased

2025Q4: $7.8M
2024Q4: $3.6M
2023Q4: $2.4M
2022Q4: $4.1M
2021Q4: $7.4M
2019Q4: $5.0M

Identity

CIK: 0000105132
FIGI: BBG000BWNV93
SIC: 2890 · Miscellaneous Chemical Products
Incorporated: DE
Headquarters: SAN DIEGO, CA
Founded: 1953-00-00

Ownership

Institutional: 90.4%
Institutions: 503
Insiders: 0.8%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other miscellaneous chemical products companies

WD 40 CO files under SIC 2890 — all 5 miscellaneous chemical products companies compared on assets and F-score.

Element Solutions IncESI CABOT CORPCBT Orion S.A.OEC ASP Isotopes Inc.ASPI

Questions about WD 40 CO

Is WD 40 CO financially healthy?: WD 40 CO scores 7 out of 9 on the Piotroski F-score. Its Altman Z-score puts it in the safe zone. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of WD 40 CO?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.