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Orion S.A. vs WD 40: OEC and WDFC compared
Orion S.A. is the larger company: $473M of revenue in its latest quarter (Q3 2026) against $177M for WD 40 (Q4 FY26). WD 40 is growing faster (+8% against +5% a year earlier). WD 40 is more profitable, with an operating margin of 10.8% against 4.8%.
Where the money goes: OEC and WDFC
Orion S.A. (OEC) · Q3 2026
Orion S.A., Q3 2026: revenue $473M (+5% year over year), operating margin 4.8%, net loss $3.1M, operating cash flow $57.8M. 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.
| Orion S.A. (OEC) | WD 40 (WDFC) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $473M | $177M |
| Revenue growth, Y/Y | +5% | +8% |
| Gross margin | — | 52.8% |
| Operating margin | 4.8% | 10.8% |
| Net earnings | −$3.1M | $14.4M |
| Net margin | -0.7% | 8.1% |
| Operating cash flow | $57.8M | $50.2M |
| Free cash flow | $46.0M | $46.7M |
| Market value | $223M | $2.8B |
| P/E | — | 33.6× |
| Analysts’ mean target | $6.31 | $254.00 |
Where the revenue comes from
WD 40
- Total maintenance products: $170M (96%)
- HCCP: $6.3M (4%)
Questions
Which is bigger, Orion S.A. or WD 40?
Orion S.A. is the larger company: $473M of revenue in its latest quarter (Q3 2026) against $177M for WD 40 (Q4 FY26).
Is Orion S.A. or WD 40 growing faster?
WD 40 is growing faster (+8% against +5% a year earlier).
Which is more profitable, Orion S.A. or WD 40?
WD 40 is more profitable, with an operating margin of 10.8% against 4.8%.
More: Orion S.A. earnings · how Orion S.A. makes money · WD 40 earnings · how WD 40 makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 4, 2026; 10-K filed Oct 26, 2026). Fiscal quarters can end on different dates. Not investment advice.