WD-40 Company
WD-40 Company engages in the provision of maintenance products and homecare and cleaning products in North America, Central and South America, Asia, Australia, Europe, India, the Middle East, and Africa. The company offers multi-purpose maintenance products that include aerosol sprays, non-aerosol trigger sprays, precision pens, and in liquid-bulk form products under the WD-40 Multi-Use brand; sp… Read more
WD-40 Company (WDFC) - Net Assets
Latest net assets as of November 2025: $264.07 Million USD
Based on the latest financial reports, WD-40 Company (WDFC) has net assets worth $264.07 Million USD as of November 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($459.66 Million) and total liabilities ($195.60 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $264.07 Million |
| % of Total Assets | 57.45% |
| Annual Growth Rate | 5.75% |
| 5-Year Change | 33.82% |
| 10-Year Change | 91.0% |
| Growth Volatility | 11.34 |
WD-40 Company - Net Assets Trend (1985–2025)
This chart illustrates how WD-40 Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for WD-40 Company (1985–2025)
The table below shows the annual net assets of WD-40 Company from 1985 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-08-31 | $268.15 Million | +16.32% |
| 2024-08-31 | $230.53 Million | +9.68% |
| 2023-08-31 | $210.18 Million | +11.43% |
| 2022-08-31 | $188.62 Million | -5.87% |
| 2021-08-31 | $200.38 Million | +24.99% |
| 2020-08-31 | $160.31 Million | +10.20% |
| 2019-08-31 | $145.47 Million | -6.44% |
| 2018-08-31 | $155.49 Million | +11.55% |
| 2017-08-31 | $139.39 Million | -0.72% |
| 2016-08-31 | $140.40 Million | -11.06% |
| 2015-08-31 | $157.86 Million | -6.82% |
| 2014-08-31 | $169.41 Million | -5.62% |
| 2013-08-31 | $179.51 Million | -3.21% |
| 2012-08-31 | $185.46 Million | -7.83% |
| 2011-08-31 | $201.23 Million | +2.39% |
| 2010-08-31 | $196.52 Million | +13.63% |
| 2009-08-31 | $172.95 Million | +5.46% |
| 2008-08-31 | $163.99 Million | -2.54% |
| 2007-08-31 | $168.27 Million | +8.05% |
| 2006-08-31 | $155.73 Million | +19.73% |
| 2005-08-31 | $130.07 Million | +15.70% |
| 2004-08-31 | $112.42 Million | +6.86% |
| 2003-08-31 | $105.20 Million | +26.48% |
| 2002-08-31 | $83.18 Million | +50.63% |
| 2001-08-31 | $55.22 Million | +4.60% |
| 2000-08-31 | $52.79 Million | -6.06% |
| 1999-08-31 | $56.20 Million | +2.18% |
| 1998-08-31 | $55.00 Million | +7.21% |
| 1997-08-31 | $51.30 Million | +8.69% |
| 1996-08-31 | $47.20 Million | +6.07% |
| 1995-08-31 | $44.50 Million | +5.70% |
| 1994-08-31 | $42.10 Million | -7.88% |
| 1993-08-31 | $45.70 Million | +1.11% |
| 1992-08-31 | $45.20 Million | +11.06% |
| 1991-08-31 | $40.70 Million | +4.36% |
| 1990-08-31 | $39.00 Million | +3.17% |
| 1989-08-31 | $37.80 Million | +3.56% |
| 1988-08-31 | $36.50 Million | +11.28% |
| 1987-08-31 | $32.80 Million | +0.92% |
| 1986-08-31 | $32.50 Million | +13.64% |
| 1985-08-31 | $28.60 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to WD-40 Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 1895.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (August 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $540.66 Million | 201.63% |
| Common Stock | $20.00K | 0.01% |
| Other Comprehensive Income | $-24.48 Million | -9.13% |
| Total Equity | $268.15 Million | 100.00% |
WD-40 Company Competitors by Market Cap
The table below lists competitors of WD-40 Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Asymchem Laboratories Tian Jin Co Ltd
SHE:002821
|
$2.98 Billion |
|
Neway Valve suzhou Co Ltd
SHG:603699
|
$2.99 Billion |
|
SoundHound AI Inc
NASDAQ:SOUN
|
$2.99 Billion |
|
Q2 Holdings
NYSE:QTWO
|
$2.99 Billion |
|
Thunder Software Technology Co Ltd
SHE:300496
|
$2.98 Billion |
|
Far Eastern New Century Corp
TW:1402
|
$2.98 Billion |
|
Alm. Brand A/S
PINK:ABDBY
|
$2.98 Billion |
|
China National Software & Service Co Ltd
SHG:600536
|
$2.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WD-40 Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 230,526,000 to 268,152,000, a change of 37,626,000 (16.3%).
- Net income of 90,994,000 contributed positively to equity growth.
- Dividend payments of 50,260,000 reduced retained earnings.
- Share repurchases of 12,314,000 reduced equity.
- Other comprehensive income increased equity by 4,783,000.
- Other factors increased equity by 4,423,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $90.99 Million | +33.93% |
| Dividends Paid | $50.26 Million | -18.74% |
| Share Repurchases | $12.31 Million | -4.59% |
| Other Comprehensive Income | $4.78 Million | +1.78% |
| Other Changes | $4.42 Million | +1.65% |
| Total Change | $- | 16.32% |
Book Value vs Market Value Analysis
This analysis compares WD-40 Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 11.24x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 115.92x to 11.24x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1985-08-31 | $1.92 | $222.19 | x |
| 1986-08-31 | $2.16 | $222.19 | x |
| 1987-08-31 | $2.18 | $222.19 | x |
| 1988-08-31 | $2.43 | $222.19 | x |
| 1989-08-31 | $2.49 | $222.19 | x |
| 1990-08-31 | $2.59 | $222.19 | x |
| 1991-08-31 | $2.69 | $222.19 | x |
| 1992-08-31 | $2.97 | $222.19 | x |
| 1993-08-31 | $2.98 | $222.19 | x |
| 1994-08-31 | $2.75 | $222.19 | x |
| 1995-08-31 | $2.89 | $222.19 | x |
| 1996-08-31 | $3.06 | $222.19 | x |
| 1997-08-31 | $3.29 | $222.19 | x |
| 1998-08-31 | $3.51 | $222.19 | x |
| 1999-08-31 | $3.59 | $222.19 | x |
| 2000-08-31 | $3.42 | $222.19 | x |
| 2001-08-31 | $3.55 | $222.19 | x |
| 2002-08-31 | $5.15 | $222.19 | x |
| 2003-08-31 | $6.28 | $222.19 | x |
| 2004-08-31 | $6.57 | $222.19 | x |
| 2005-08-31 | $7.74 | $222.19 | x |
| 2006-08-31 | $9.21 | $222.19 | x |
| 2007-08-31 | $9.74 | $222.19 | x |
| 2008-08-31 | $9.75 | $222.19 | x |
| 2009-08-31 | $10.38 | $222.19 | x |
| 2010-08-31 | $11.75 | $222.19 | x |
| 2011-08-31 | $11.85 | $222.19 | x |
| 2012-08-31 | $11.56 | $222.19 | x |
| 2013-08-31 | $11.49 | $222.19 | x |
| 2014-08-31 | $11.18 | $222.19 | x |
| 2015-08-31 | $10.78 | $222.19 | x |
| 2016-08-31 | $9.76 | $222.19 | x |
| 2017-08-31 | $9.87 | $222.19 | x |
| 2018-08-31 | $11.14 | $222.19 | x |
| 2019-08-31 | $10.52 | $222.19 | x |
| 2020-08-31 | $11.69 | $222.19 | x |
| 2021-08-31 | $14.59 | $222.19 | x |
| 2022-08-31 | $13.77 | $222.19 | x |
| 2023-08-31 | $15.45 | $222.19 | x |
| 2024-08-31 | $16.98 | $222.19 | x |
| 2025-08-31 | $19.77 | $222.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WD-40 Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 33.93%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.68%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 1.77x
- Recent ROE (33.93%) is above the historical average (32.14%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1985 | 32.87% | 16.40% | 1.74x | 1.15x | $6.54 Million |
| 1986 | 35.69% | 16.71% | 1.80x | 1.18x | $8.35 Million |
| 1987 | 33.54% | 15.51% | 1.81x | 1.19x | $7.72 Million |
| 1988 | 42.47% | 19.38% | 1.85x | 1.19x | $11.85 Million |
| 1989 | 41.80% | 18.83% | 1.89x | 1.18x | $12.02 Million |
| 1990 | 39.74% | 17.03% | 1.94x | 1.20x | $11.60 Million |
| 1991 | 37.59% | 17.04% | 1.88x | 1.17x | $11.23 Million |
| 1992 | 40.04% | 18.10% | 1.87x | 1.18x | $13.58 Million |
| 1993 | 42.23% | 17.71% | 1.85x | 1.29x | $14.73 Million |
| 1994 | 30.17% | 11.32% | 2.04x | 1.30x | $8.49 Million |
| 1995 | 46.07% | 17.55% | 1.96x | 1.34x | $16.05 Million |
| 1996 | 45.13% | 16.27% | 2.12x | 1.31x | $16.58 Million |
| 1997 | 41.72% | 15.52% | 2.11x | 1.27x | $16.27 Million |
| 1998 | 39.82% | 15.17% | 2.04x | 1.29x | $16.40 Million |
| 1999 | 39.32% | 15.11% | 1.59x | 1.64x | $16.48 Million |
| 2000 | 38.94% | 13.46% | 1.80x | 1.61x | $15.28 Million |
| 2001 | 28.80% | 9.11% | 1.05x | 3.02x | $10.38 Million |
| 2002 | 29.67% | 11.38% | 1.01x | 2.59x | $16.36 Million |
| 2003 | 27.22% | 12.03% | 1.01x | 2.25x | $18.12 Million |
| 2004 | 22.81% | 10.58% | 1.02x | 2.11x | $14.40 Million |
| 2005 | 21.37% | 10.56% | 1.04x | 1.95x | $14.79 Million |
| 2006 | 18.05% | 9.80% | 1.07x | 1.72x | $12.54 Million |
| 2007 | 18.74% | 10.24% | 1.09x | 1.68x | $14.71 Million |
| 2008 | 16.84% | 8.71% | 1.17x | 1.65x | $11.22 Million |
| 2009 | 15.20% | 9.00% | 1.11x | 1.52x | $8.99 Million |
| 2010 | 18.37% | 11.23% | 1.11x | 1.47x | $16.44 Million |
| 2011 | 18.11% | 10.83% | 1.20x | 1.39x | $16.31 Million |
| 2012 | 19.13% | 10.35% | 1.14x | 1.62x | $16.94 Million |
| 2013 | 22.18% | 10.80% | 1.14x | 1.80x | $21.86 Million |
| 2014 | 25.82% | 11.42% | 1.10x | 2.05x | $26.80 Million |
| 2015 | 28.38% | 11.85% | 1.11x | 2.15x | $29.02 Million |
| 2016 | 37.49% | 13.83% | 1.12x | 2.42x | $38.59 Million |
| 2017 | 37.97% | 13.91% | 1.03x | 2.65x | $38.99 Million |
| 2018 | 41.94% | 15.96% | 1.29x | 2.04x | $49.67 Million |
| 2019 | 38.43% | 13.21% | 1.40x | 2.08x | $41.36 Million |
| 2020 | 37.87% | 14.86% | 1.13x | 2.26x | $44.68 Million |
| 2021 | 35.05% | 14.39% | 1.13x | 2.15x | $50.19 Million |
| 2022 | 35.69% | 12.98% | 1.19x | 2.30x | $48.47 Million |
| 2023 | 31.40% | 12.28% | 1.23x | 2.08x | $44.98 Million |
| 2024 | 30.21% | 11.79% | 1.32x | 1.95x | $46.59 Million |
| 2025 | 33.93% | 14.68% | 1.30x | 1.77x | $64.18 Million |
Industry Comparison
This section compares WD-40 Company's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $7,181,833,981
- Average return on equity (ROE) among peers: 7.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WD-40 Company (WDFC) | $264.07 Million | 32.87% | 0.74x | $2.98 Billion |
| AirBoss of America Corp (ABSSF) | $197.00 Million | -16.19% | 1.24x | $57.06 Million |
| Asia Carbon Industries Inc (ACRB) | $19.13 Million | 17.11% | 0.33x | $0.98 |
| Aimia Inc (AIMFF) | $1.29 Billion | -4.63% | 2.83x | $103.68 Million |
| L'Air Liquide S.A (AIQUF) | $11.83 Billion | 14.08% | 1.26x | $107.70 Billion |
| Akzo Nobel N.V (AKZOF) | $7.58 Billion | 14.03% | 1.29x | $9.73 Billion |
| Albemarle Corp (ALB) | $545.00 Million | 9.41% | 1.09x | $19.53 Billion |
| ALPEK S.A.B. de C.V (ALPKF) | $49.59 Billion | 15.64% | 1.50x | $214.40 Million |
| Altech Batteries Limited (ALTHF) | $97.54 Million | -5.87% | 0.01x | $27.89 Million |
| Arcadium Lithium plc (ALTM) | $333.00 Million | 14.14% | 0.12x | $6.26 Billion |
| Alto Ingredients Inc (ALTO) | $345.21 Million | 13.35% | 0.40x | $212.84 Million |