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

Cabot brought in $3.7B of revenue in fiscal 2025, WD 40 $620M in fiscal 2025. Revenue changed by -7.0% at Cabot and +5.0% at WD 40 on the year before, so WD 40 grew faster. Cabot kept 8.9% of its revenue as net profit, WD 40 14.7%. Free cash flow was $391M at Cabot and $83.4M at WD 40.

Side by side, latest fiscal year

CBTWDFC
Fiscal year endedFY2025 (September 30, 2025)FY2025 (August 31, 2025)
Revenue$3.7B$620M
Revenue growth-7.0%+5.0%
Net income$331M$91M
Net margin8.9%14.7%
Free cash flow$391M$83.4M
Free cash flow margin10.5%13.5%
Earnings per share (diluted)$6.02$6.69
Cash$258M$58.1M
Debt$1.1B$86.2M
Price to earnings13.129.8
Market value$4.1B$2.7B
Dividend yield2.23%1.86%
Rank by revenue in sector#152 of 451 · Industrials#300 of 451 · Industrials

Over the years

Revenue
CBT FY2018: $3.2BCBT FY2019: $3.3BCBT FY2020: $2.6BCBT FY2021: $3.4BCBT FY2022: $4.3BCBT FY2023: $3.9BCBT FY2024: $4BCBT FY2025: $3.7BWDFC FY2018: $408.5MWDFC FY2019: $423.4MWDFC FY2020: $408.5MWDFC FY2021: $488.1MWDFC FY2022: $518.8MWDFC FY2023: $537.3MWDFC FY2024: $590.6MWDFC FY2025: $620MFY18FY19FY20FY21FY22FY23FY24FY25
CBT $3.7BWDFC $620M
Net income
CBT FY2018: -$113MCBT FY2019: $157MCBT FY2020: -$238MCBT FY2021: $250MCBT FY2022: $209MCBT FY2023: $445MCBT FY2024: $380MCBT FY2025: $331MWDFC FY2018: $65.2MWDFC FY2019: $55.9MWDFC FY2020: $60.7MWDFC FY2021: $70.2MWDFC FY2022: $67.3MWDFC FY2023: $66MWDFC FY2024: $69.6MWDFC FY2025: $91MFY18FY19FY20FY21FY22FY23FY24FY25
CBT $331MWDFC $91M
Net margin
CBT FY2018: -3.5%CBT FY2019: 4.7%CBT FY2020: -9.1%CBT FY2021: 7.3%CBT FY2022: 4.8%CBT FY2023: 11.3%CBT FY2024: 9.5%CBT FY2025: 8.9%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
CBT 8.9%WDFC 14.7%
Revenue growth
CBT FY2019: +2.9%CBT FY2020: -21.7%CBT FY2021: +30.4%CBT FY2022: +26.8%CBT FY2023: -9.0%CBT FY2024: +1.6%CBT FY2025: -7.0%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
CBT -7.0%WDFC +5.0%
Free cash flow
CBT FY2018: $69MCBT FY2019: $139MCBT FY2020: $177MCBT FY2021: $62MCBT FY2022: -$111MCBT FY2023: $351MCBT FY2024: $451MCBT FY2025: $391MWDFC FY2018: $52.5MWDFC FY2019: $49.6MWDFC FY2020: $53.4MWDFC FY2021: $69.7MWDFC FY2022: -$5.7MWDFC FY2023: $91.5MWDFC FY2024: $87.8MWDFC FY2025: $83.4MFY18FY19FY20FY21FY22FY23FY24FY25
CBT $391MWDFC $83.4M

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

Questions about Cabot and WD 40

Which is bigger by revenue, Cabot or WD 40?

Cabot is bigger by revenue: $3.7B in fiscal 2025, against $620M for WD 40 in fiscal 2025.

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

Cabot had a net margin of 8.9% in fiscal 2025; WD 40 had 14.7% in fiscal 2025.

Which grew revenue faster, Cabot or WD 40?

In their latest fiscal years revenue changed by -7.0% at Cabot 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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