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

Orion brought in $1.8B of revenue in fiscal 2025, WD 40 $620M in fiscal 2025. Revenue changed by -3.8% at Orion and +5.0% at WD 40 on the year before, so WD 40 grew faster. Orion kept -3.9% of its revenue as net profit, WD 40 14.7%. Free cash flow was $54.8M at Orion and $83.4M at WD 40.

Side by side, latest fiscal year

OECWDFC
Fiscal year endedFY2025 (December 31, 2025)FY2025 (August 31, 2025)
Revenue$1.8B$620M
Revenue growth-3.8%+5.0%
Net income-$70.1M$91M
Net margin-3.9%14.7%
Free cash flow$54.8M$83.4M
Free cash flow margin3.0%13.5%
Earnings per share (diluted)-$1.24$6.69
Cash$60.7M$58.1M
Debt$979.5M$86.2M
Price to earningsn/a29.8
Market value$332.9M$2.7B
Dividend yield1.36%1.86%
Rank by revenue in sector#229 of 451 · Industrials#300 of 451 · Industrials

Over the years

Revenue
OEC FY2018: $1.6BOEC FY2019: $1.5BOEC FY2020: $1.1BOEC FY2021: $1.5BOEC FY2022: $2BOEC FY2023: $1.9BOEC FY2024: $1.9BOEC FY2025: $1.8BWDFC FY2018: $408.5MWDFC FY2019: $423.4MWDFC FY2020: $408.5MWDFC FY2021: $488.1MWDFC FY2022: $518.8MWDFC FY2023: $537.3MWDFC FY2024: $590.6MWDFC FY2025: $620MFY18FY19FY20FY21FY22FY23FY24FY25
OEC $1.8BWDFC $620M
Net income
OEC FY2018: $121.3MOEC FY2019: $86.9MOEC FY2020: $18.2MOEC FY2021: $134.7MOEC FY2022: $106.2MOEC FY2023: $103.5MOEC FY2024: $44.2MOEC FY2025: -$70.1MWDFC FY2018: $65.2MWDFC FY2019: $55.9MWDFC FY2020: $60.7MWDFC FY2021: $70.2MWDFC FY2022: $67.3MWDFC FY2023: $66MWDFC FY2024: $69.6MWDFC FY2025: $91MFY18FY19FY20FY21FY22FY23FY24FY25
OEC -$70.1MWDFC $91M
Net margin
OEC FY2018: 7.7%OEC FY2019: 5.9%OEC FY2020: 1.6%OEC FY2021: 8.7%OEC FY2022: 5.2%OEC FY2023: 5.5%OEC FY2024: 2.4%OEC FY2025: -3.9%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
OEC -3.9%WDFC 14.7%
Revenue growth
OEC FY2019: -6.5%OEC FY2020: -23.0%OEC FY2021: +36.1%OEC FY2022: +31.3%OEC FY2023: -6.7%OEC FY2024: -0.9%OEC FY2025: -3.8%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
OEC -3.8%WDFC +5.0%
Free cash flow
OEC FY2018: $10.9MOEC FY2019: $72.8MOEC FY2020: -$13.5MOEC FY2021: -$69.5MOEC FY2022: -$151.8MOEC FY2023: $173.1MOEC FY2024: -$81.4MOEC FY2025: $54.8MWDFC FY2018: $52.5MWDFC FY2019: $49.6MWDFC FY2020: $53.4MWDFC FY2021: $69.7MWDFC FY2022: -$5.7MWDFC FY2023: $91.5MWDFC FY2024: $87.8MWDFC FY2025: $83.4MFY18FY19FY20FY21FY22FY23FY24FY25
OEC $54.8MWDFC $83.4M

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

Questions about Orion and WD 40

Which is bigger by revenue, Orion or WD 40?

Orion is bigger by revenue: $1.8B in fiscal 2025, against $620M for WD 40 in fiscal 2025.

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

Orion had a net margin of -3.9% in fiscal 2025; WD 40 had 14.7% in fiscal 2025.

Which grew revenue faster, Orion or WD 40?

In their latest fiscal years revenue changed by -3.8% at Orion 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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