Grove Collaborative Holdings vs WD 40
WD 40 is the larger business, with $688m of revenue in fiscal 2026 against $174m for Grove Collaborative Holdings (4.0 times as much). WD 40 grew faster (11.0% against -14.6%). WD 40 kept more of each dollar of sales as profit: a net margin of 12.0% against -6.7%.
| Latest fiscal year | Grove Collaborative HoldingsGROV, 2025 | WD 40WDFC, 2026 |
|---|---|---|
| Revenue | $174m | $688m |
| Revenue growth | -14.6% | 11.0% |
| Net income | −$11.7m | $82.3m |
| Operating margin | -6.5% | 15.8% |
| Net margin | -6.7% | 12.0% |
| Return on equity | — | 30.4% |
| Free cash flow | −$8.1m | $97.6m |
| Cash | $8.5m | $70.6m |
| Total debt | $7.5m | $86.0m |
| Debt to equity | — | 31.5% |
| Dividend per share | — | $4.00 |
| Dividend yield | — | 1.8% |
| Share buybacks | — | $29.6m |
| Employees | 235 | 753 |
| Market value | $45.4m | $3.00bn |
| Price vs our value range | — | Within our value range |
| Moat score | 29 (Weak) | 81 (Strong) |
| Insider trades, 12 months | 8 buys, 0 sales | 1 buys, 2 sales |