Spectrum Brands vs WD-40
Spectrum Brands reported revenue of $2.8 billion in fiscal 2025, 4.1 times WD-40's $688 million in fiscal 2026. Spectrum Brands' revenue fell 5.2% in its latest year, and WD-40's grew 11.0%. Spectrum Brands had an operating margin of 4.5%, against 15.8% at WD-40. Free cash flow was $165 million at Spectrum Brands and $98 million at WD-40. Their fiscal years end in different months (September 30 and August 31), so the periods don't line up exactly.
Side by side
| Spectrum Brands | WD-40 | |
|---|---|---|
| Latest fiscal year | FY2025, Sep 30, 2025 | FY2026, Aug 31, 2026 |
| Revenue | $2.8B | $688M |
| Revenue growth | −5.2% | 11.0% |
| Revenue growth a year, last 5 years | 1.4% | 7.1% |
| Gross margin | 36.7% | 55.3% |
| Operating margin | 4.5% | 15.8% |
| Net margin | 3.6% | 12.0% |
| Free cash flow | $165M | $98M |
| Free cash flow margin | 5.9% | 14.2% |
| Return on capital | 5.3% | 28.8% |
| Net debt to EBITDA | 2.0x | 0.1x |
| Dividends and buybacks | $375M | $84M |
| Change in diluted share count | −15.1% | −0.5% |
| Last close | $80.20 | $216.06 |
| P/E at the last close | 25.3× | 35.5× |
| Insider trades, last 12 months | bought $182,125, sold $0 | bought $627,558, sold $117,063 |
| Piotroski F-score | 6 of 9 | 7 of 9 |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
Spectrum BrandsWD-40
Operating margin
Percent of revenue
Spectrum BrandsWD-40
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
Spectrum BrandsWD-40
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the Spectrum Brands and WD-40 pages.