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Element Solutions vs WD 40: ESI and WDFC compared
Element Solutions is the larger company: $995M of revenue in its latest quarter (Q3 2026) against $177M for WD 40 (Q4 FY26). Element Solutions is growing faster (+52% against +8% a year earlier). Element Solutions is more profitable, with an operating margin of 11.4% against 10.8%.
Where the money goes: ESI and WDFC
Element Solutions (ESI) · Q3 2026
Element Solutions, Q3 2026: revenue $995M (+52% year over year), operating margin 11.4%, net earnings $65.7M, operating cash flow $159M. The chart follows the revenue to costs, profit and cash.
WD 40 (WDFC) · Q4 FY26
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 follows the revenue to costs, profit and cash.
| Element Solutions (ESI) | WD 40 (WDFC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $995M | $177M |
| Revenue growth, Y/Y | +52% | +8% |
| Gross margin | 34.4% | 52.8% |
| Operating margin | 11.4% | 10.8% |
| Net earnings | $65.7M | $14.4M |
| Net margin | 6.6% | 8.1% |
| Operating cash flow | $159M | $50.2M |
| Free cash flow | $134M | $46.7M |
| Market value | $7.6B | $2.8B |
| P/E | 36.9× | 33.6× |
| Analysts’ mean target | $47.33 | $254.00 |
Where the revenue comes from
Element Solutions
- Electronics: $780M (78%)
- Specialties: $216M (22%)
WD 40
- Total maintenance products: $170M (96%)
- HCCP: $6.3M (4%)
Questions
Which is bigger, Element Solutions or WD 40?
Element Solutions is the larger company: $995M of revenue in its latest quarter (Q3 2026) against $177M for WD 40 (Q4 FY26).
Is Element Solutions or WD 40 growing faster?
Element Solutions is growing faster (+52% against +8% a year earlier).
Which is more profitable, Element Solutions or WD 40?
Element Solutions is more profitable, with an operating margin of 11.4% against 10.8%.
More: Element Solutions earnings · how Element Solutions makes money · WD 40 earnings · how WD 40 makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 22, 2026; 10-K filed Oct 26, 2026). Fiscal quarters can end on different dates. Not investment advice.