Spectrum Brands Holdings vs WD 40
Spectrum Brands Holdings is the larger business, with $2.81bn of revenue in fiscal 2025 against $688m for WD 40 (4.1 times as much). WD 40 grew faster (11.0% against -5.2%). WD 40 kept more of each dollar of sales as profit: a net margin of 12.0% against 3.6%.
| Latest fiscal year | Spectrum Brands HoldingsSPB, 2025 | WD 40WDFC, 2026 |
|---|---|---|
| Revenue | $2.81bn | $688m |
| Revenue growth | -5.2% | 11.0% |
| Net income | $99.9m | $82.3m |
| Operating margin | — | 15.8% |
| Net margin | 3.6% | 12.0% |
| Return on equity | 4.9% | 30.4% |
| Free cash flow | $165m | $97.6m |
| Cash | $124m | $70.6m |
| Total debt | $581m | $86.0m |
| Debt to equity | — | 31.5% |
| Dividend per share | $1.88 | $4.00 |
| Dividend yield | 2.2% | 1.8% |
| Share buybacks | $326m | $29.6m |
| Employees | 3,000 | 753 |
| Market value | $1.97bn | $3.00bn |
| Price vs our value range | — | Within our value range |
| Moat score | 47 (Moderate) | 81 (Strong) |
| Insider trades, 12 months | 1 buys, 0 sales | 1 buys, 2 sales |