Filing Flows › Comparisons › WDFC vs ARQ
WD 40 vs Arq: WDFC and ARQ compared
WD 40 is the larger company: $177M of revenue in its latest quarter (Q4 FY26) against $38.2M for Arq (Q3 2026). Arq is growing faster (+9% against +8% a year earlier). WD 40 is more profitable, with an operating margin of 10.8% against 8.2%.
Where the money goes: WDFC and ARQ
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.
Arq (ARQ) · Q3 2026
Arq, Q3 2026: revenue $38.2M (+9% year over year), operating margin 8.2%, net earnings $2.5M, operating cash flow $10.3M. The chart follows the revenue to costs, profit and cash.
| WD 40 (WDFC) | Arq (ARQ) | |
|---|---|---|
| Latest quarter | Q4 FY26 | Q3 2026 |
| Revenue | $177M | $38.2M |
| Revenue growth, Y/Y | +8% | +9% |
| Gross margin | 52.8% | — |
| Operating margin | 10.8% | 8.2% |
| Net earnings | $14.4M | $2.5M |
| Net margin | 8.1% | 6.5% |
| Operating cash flow | $50.2M | $10.3M |
| Free cash flow | $46.7M | $9.6M |
| Market value | $2.8B | — |
| P/E | 33.6× | — |
| Analysts’ mean target | $254.00 | — |
Where the revenue comes from
WD 40
- Total maintenance products: $170M (96%)
- HCCP: $6.3M (4%)
Questions
Which is bigger, WD 40 or Arq?
WD 40 is the larger company: $177M of revenue in its latest quarter (Q4 FY26) against $38.2M for Arq (Q3 2026).
Is WD 40 or Arq growing faster?
Arq is growing faster (+9% against +8% a year earlier).
Which is more profitable, WD 40 or Arq?
WD 40 is more profitable, with an operating margin of 10.8% against 8.2%.
More: WD 40 earnings · how WD 40 makes money · Arq earnings · how Arq makes money
From the companies' latest 10-Q, 10-K or earnings release (10-K filed Oct 26, 2026; 10-Q filed Nov 4, 2026). Fiscal quarters can end on different dates. Not investment advice.