WDFCWD 40 CO
Miscellaneous Chemical Products
- Revenue
- $688M
- 11% YoY
- Operating margin
- 15.8%
- 5.4% YoY
- EBITDA
- $119M
- 6.5% YoY
- Market cap
- $3.0B
- Employees
- 753
- $914K revenue each
- Net debt / EBITDA
- 0.1×
- $15M net debt
- AI in 10-K
- 0.8
- mentions per 10K words
Takeover score 2 of 13
Fixable underperformance 1 of 7
- TSR below peersYes3 of 5 years3+ of last 5 years
- High CEO pay despite TSRNo$4M medianMedian CEO pay ≥ $15M while TSR trails
- Earnings not backed by cashNo127% of net incomeCash flow under 80% of net income
- Dilutive SBCNo1% of revenueOver 10% of revenue
- Payouts exceed cash flowNo80% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyNo20% of assetsOver 40% of assets
- Shareholder dissentNo98% lowest supportAny vote under 80% support
Buyer economics 1 of 4
- Low revenue per employeeNo$914K · 72nd pctBottom quartile of its SIC industry
- Quiet on AINo0.8 per 10K words · 28th pctBottom quartile of AI mentions in 10-Ks
- Net cashNo0.1× EBITDA net debtMore cash than debt, positive EBITDA
- Buyout-sizedYes$3.0B market capMarket cap $500M–$5B
Catalysts 0 of 2
- Active 13DNo0 filingsActive-intent 13D in 18 months
- Net insider sellingNo−$12K netNet sales over $10M in 12 months
Financials
| Metric | FY2022 | FY2023 | FY2024 | FY2025 | FY2026 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $519M | $537M | $591M | $620M | $688M | 11% |
| Operating income | $87M | $90M | $96M | $104M | $109M | 5.0% |
| Net income | $67M | $66M | $70M | $91M | $82M | 9.5% |
| Operating cash flow | $3M | $98M | $92M | $88M | $105M | 19% |
| Capex | $8M | $7M | $4M | $5M | $7M | 64% |
| Stock-based comp | $7M | $6M | $7M | $7M | $8M | 4.5% |
| Buybacks | $29M | $10M | $8M | $12M | $30M | 141% |
| Dividends | $42M | $45M | $47M | $50M | $54M | 7.5% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $105K · 1
- Open-market sells, 12 mo
- $117K · 2
- Net
- −$12K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2026 | $4M | $3M | 97 | 139 |
| FY2025 | $4M | $1M | 96 | 110 |
| FY2024 | $4M | $5M | 115 | 102 |
| FY2023 | $2M | $3M | 93 | 86 |
| FY2022 | $4M | $3M | 80 | 82 |