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Arq vs WD 40: revenue, profit, margins and growth compared

Arq brought in $120.3M of revenue in fiscal 2025, WD 40 $620M in fiscal 2025. Revenue changed by +10.4% at Arq and +5.0% at WD 40 on the year before, so Arq grew faster. Arq kept -43.7% of its revenue as net profit, WD 40 14.7%. Free cash flow was -$11.3M at Arq and $83.4M at WD 40.

Side by side, latest fiscal year

ARQWDFC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (August 31, 2025)
Revenue$120.3M$620M
Revenue growth+10.4%+5.0%
Net income-$52.6M$91M
Net margin-43.7%14.7%
Free cash flow-$11.3M$83.4M
Free cash flow margin-9.4%13.5%
Earnings per share (diluted)-$1.27$6.69
Cash$6.6M$58.1M
Debt$28.7M$86.2M
Price to earningsn/a29.8
Market value$88.2M$2.7B
Dividend yieldn/a1.86%
Rank by revenue in sector#370 of 451 · Industrials#300 of 451 · Industrials

Over the years

Revenue
ARQ FY2018: $23.9MARQ FY2019: $70.1MARQ FY2020: $67.4MARQ FY2021: $100.3MARQ FY2022: $103MARQ FY2023: $99.2MARQ FY2024: $109MARQ FY2025: $120.3MWDFC FY2018: $408.5MWDFC FY2019: $423.4MWDFC FY2020: $408.5MWDFC FY2021: $488.1MWDFC FY2022: $518.8MWDFC FY2023: $537.3MWDFC FY2024: $590.6MWDFC FY2025: $620MFY18FY19FY20FY21FY22FY23FY24FY25
ARQ $120.3MWDFC $620M
Net income
ARQ FY2018: $35.5MARQ FY2019: $35.5MARQ FY2020: -$20.3MARQ FY2021: $60.4MARQ FY2022: -$8.9MARQ FY2023: -$12.2MARQ FY2024: -$5.1MARQ FY2025: -$52.6MWDFC FY2018: $65.2MWDFC FY2019: $55.9MWDFC FY2020: $60.7MWDFC FY2021: $70.2MWDFC FY2022: $67.3MWDFC FY2023: $66MWDFC FY2024: $69.6MWDFC FY2025: $91MFY18FY19FY20FY21FY22FY23FY24FY25
ARQ -$52.6MWDFC $91M
Net margin
ARQ FY2018: 148.1%ARQ FY2019: 50.7%ARQ FY2020: -30.1%ARQ FY2021: 60.2%ARQ FY2022: -8.7%ARQ FY2023: -12.3%ARQ FY2024: -4.7%ARQ FY2025: -43.7%WDFC FY2018: 16.0%WDFC FY2019: 13.2%WDFC FY2020: 14.9%WDFC FY2021: 14.4%WDFC FY2022: 13.0%WDFC FY2023: 12.3%WDFC FY2024: 11.8%WDFC FY2025: 14.7%FY18FY19FY20FY21FY22FY23FY24FY25
ARQ -43.7%WDFC 14.7%
Revenue growth
ARQ FY2019: +192.7%ARQ FY2020: -3.9%ARQ FY2021: +48.9%ARQ FY2022: +2.7%ARQ FY2023: -3.7%ARQ FY2024: +9.9%ARQ FY2025: +10.4%WDFC FY2019: +3.6%WDFC FY2020: -3.5%WDFC FY2021: +19.5%WDFC FY2022: +6.3%WDFC FY2023: +3.6%WDFC FY2024: +9.9%WDFC FY2025: +5.0%FY19FY20FY21FY22FY23FY24FY25
ARQ +10.4%WDFC +5.0%
Free cash flow
ARQ FY2018: -$10.4MARQ FY2019: $54.4MARQ FY2020: $47.4MARQ FY2021: $19.8MARQ FY2022: -$15MARQ FY2023: -$44.2MARQ FY2024: -$74.7MARQ FY2025: -$11.3MWDFC FY2018: $52.5MWDFC FY2019: $49.6MWDFC FY2020: $53.4MWDFC FY2021: $69.7MWDFC FY2022: -$5.7MWDFC FY2023: $91.5MWDFC FY2024: $87.8MWDFC FY2025: $83.4MFY18FY19FY20FY21FY22FY23FY24FY25
ARQ -$11.3MWDFC $83.4M

Fiscal years as each company reports them; the two may end in different months.

Questions about Arq and WD 40

Which is bigger by revenue, Arq or WD 40?

WD 40 is bigger by revenue: $620M in fiscal 2025, against $120.3M for Arq in fiscal 2025.

Which keeps more of its revenue as profit, Arq or WD 40?

Arq had a net margin of -43.7% in fiscal 2025; WD 40 had 14.7% in fiscal 2025.

Which grew revenue faster, Arq or WD 40?

In their latest fiscal years revenue changed by +10.4% at Arq and +5.0% at WD 40.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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