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Flexible Solutions International vs WD 40: revenue, profit, margins and growth compared

Flexible Solutions International brought in $38.5M of revenue in fiscal 2025, WD 40 $620M in fiscal 2025. Revenue changed by +0.7% at Flexible Solutions International and +5.0% at WD 40 on the year before, so WD 40 grew faster. Flexible Solutions International kept 2.0% of its revenue as net profit, WD 40 14.7%. Free cash flow was -$591.7K at Flexible Solutions International and $83.4M at WD 40.

Side by side, latest fiscal year

FSIWDFC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (August 31, 2025)
Revenue$38.5M$620M
Revenue growth+0.7%+5.0%
Net income$786.9K$91M
Net margin2.0%14.7%
Free cash flow-$591.7K$83.4M
Free cash flow margin-1.5%13.5%
Earnings per share (diluted)$0.06$6.69
Cash$6.6M$58.1M
Debt$4.4M$86.2M
Price to earnings96.729.8
Market value$74.1M$2.7B
Dividend yieldn/a1.86%
Rank by revenue in sector#411 of 451 · Industrials#300 of 451 · Industrials

Over the years

Revenue
FSI FY2018: $17.8MFSI FY2019: $27.4MFSI FY2020: $31.4MFSI FY2021: $34.4MFSI FY2022: $45.8MFSI FY2023: $38.3MFSI FY2024: $38.2MFSI FY2025: $38.5MWDFC FY2018: $408.5MWDFC FY2019: $423.4MWDFC FY2020: $408.5MWDFC FY2021: $488.1MWDFC FY2022: $518.8MWDFC FY2023: $537.3MWDFC FY2024: $590.6MWDFC FY2025: $620MFY18FY19FY20FY21FY22FY23FY24FY25
FSI $38.5MWDFC $620M
Net income
FSI FY2018: $2.5MFSI FY2019: $1.9MFSI FY2020: $3MFSI FY2021: $3.4MFSI FY2022: $7MFSI FY2023: $2.8MFSI FY2024: $3MFSI FY2025: $786.9KWDFC FY2018: $65.2MWDFC FY2019: $55.9MWDFC FY2020: $60.7MWDFC FY2021: $70.2MWDFC FY2022: $67.3MWDFC FY2023: $66MWDFC FY2024: $69.6MWDFC FY2025: $91MFY18FY19FY20FY21FY22FY23FY24FY25
FSI $786.9KWDFC $91M
Net margin
FSI FY2018: 14.0%FSI FY2019: 7.0%FSI FY2020: 9.5%FSI FY2021: 10.0%FSI FY2022: 15.3%FSI FY2023: 7.2%FSI FY2024: 7.9%FSI FY2025: 2.0%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
FSI 2.0%WDFC 14.7%
Revenue growth
FSI FY2019: +53.9%FSI FY2020: +14.5%FSI FY2021: +9.6%FSI FY2022: +33.2%FSI FY2023: -16.4%FSI FY2024: -0.2%FSI FY2025: +0.7%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
FSI +0.7%WDFC +5.0%
Free cash flow
FSI FY2018: -$2.4MFSI FY2019: $538.6KFSI FY2020: $4.6MFSI FY2021: $3.8MFSI FY2022: -$504.4KFSI FY2023: $1.1MFSI FY2024: $603.6KFSI FY2025: -$591.7KWDFC FY2018: $52.5MWDFC FY2019: $49.6MWDFC FY2020: $53.4MWDFC FY2021: $69.7MWDFC FY2022: -$5.7MWDFC FY2023: $91.5MWDFC FY2024: $87.8MWDFC FY2025: $83.4MFY18FY19FY20FY21FY22FY23FY24FY25
FSI -$591.7KWDFC $83.4M

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

Questions about Flexible Solutions International and WD 40

Which is bigger by revenue, Flexible Solutions International or WD 40?

WD 40 is bigger by revenue: $620M in fiscal 2025, against $38.5M for Flexible Solutions International in fiscal 2025.

Which keeps more of its revenue as profit, Flexible Solutions International or WD 40?

Flexible Solutions International had a net margin of 2.0% in fiscal 2025; WD 40 had 14.7% in fiscal 2025.

Which grew revenue faster, Flexible Solutions International or WD 40?

In their latest fiscal years revenue changed by +0.7% at Flexible Solutions International 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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