Filing Flows › WD 40 (WDFC) › Q4 FY26 › vs Q3 FY26
WD 40 (WDFC) Q4 FY26 vs Q3 FY26 (quarter over quarter)
WD 40's revenue fell $18.3M (-9%) from $195M in Q3 FY26 to $177M in Q4 FY26. The biggest changes: Total maintenance products −$19.3M (-10%); HCCP +$936K (+17%). Gross margin 52.8% against 56.6% (-3.8 pts).
WD 40, Q4 FY26: revenue $177M (+8% year over year), operating margin 10.8%, net earnings $14.4M, operating cash flow $50.2M. The chart draws each line against Q3 FY26, the increases inside each band.
Margins
| Q4 FY26 | Q3 FY26 | Change | |
|---|---|---|---|
| Gross margin | 52.8% | 56.6% | -3.8 pts |
| Operating margin | 10.8% | 20.7% | -9.9 pts |
| Net margin | 8.1% | 15.5% | -7.4 pts |
| Free cash flow margin | 26.4% | 15.0% | +11.4 pts |
Every line
| Line | Q4 FY26 | Q3 FY26 | Change | % |
|---|---|---|---|---|
| WD-40 Multi-Use Product | $135M | $153M | −$17.6M | -12% |
| WD-40 Specialist | $26.2M | $28.0M | −$1.8M | -7% |
| Other maintenance products | $9.3M | $9.2M | $117K | +1% |
| Total maintenance products | $170M | $190M | −$19.3M | -10% |
| HCCP | $6.3M | $5.4M | $936K | +17% |
| Revenue | $177M | $195M | −$18.3M | -9% |
| Gross profit | $93.3M | $110M | −$17.1M | -16% |
| Cost of revenue | $83.5M | $84.7M | −$1.2M | -1% |
| Operating profit | $19.1M | $40.3M | −$21.3M | -53% |
| Operating expenses | $74.2M | $70.1M | $4.2M | +6% |
| Pre-tax earnings | $18.5M | $39.6M | −$21.1M | -53% |
| Other expense, net | $573K | $765K | −$192K | -25% |
| SG&A | $58.2M | $56.7M | $1.5M | +3% |
| Other operating costs | $16.0M | $13.4M | $2.6M | +19% |
| Net earnings | $14.4M | $30.2M | −$15.9M | -52% |
| Income tax | $4.1M | $9.4M | −$5.2M | -56% |
| Depreciation & amortization | $2.5M | $3.4M | −$964K | -28% |
| Share-based compensation | $1.6M | $1.5M | $98K | +7% |
| Working capital & other | $31.8M | −$4.6M | $36.3M | — |
| Operating cash flow | $50.2M | $30.5M | $19.6M | +64% |
| Free cash flow (OCF − capex) | $46.7M | $29.3M | $17.3M | +59% |
| Capital expenditures | $3.5M | $1.2M | $2.3M | +187% |
Questions
How much did WD 40's revenue grow quarter over quarter in Q4 FY26?
WD 40's revenue fell $18.3M (-9%) from $195M in Q3 FY26 to $177M in Q4 FY26.
What drove WD 40's revenue change in Q4 FY26?
Total maintenance products −$19.3M (-10%); HCCP +$936K (+17%).