HIGHBuilt-inGeographic
66%
sales outside the U.S.
“10-K Item 1A: 'Our sales outside the U.S. were approximately 66% of consolidated net sales in fiscal year 2026.'”
WDFC · Concentration risk · 10-K extracted
WD-40 (WDFC) concentration risks
Updated
The most significant concentration WD-40 discloses is sales outside the U.S. at 66%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy
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Source: WD-40’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 3 disclosed concentrations
HIGH2
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
HIGHOutside partySupplier
single or sole source suppliers
“10-K Item 1A: 'We rely on a limited number of third-party contract manufacturers, logistics providers and suppliers, including single or sole source suppliers for certain raw materials'”
MEDIUMOutside partyCustomer
limited number of large retail customers
“10-K Item 1A: 'these limited customers account for a large percentage of our net sales'”
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-11-01WD-40's main concentration is geographic: sales outside the U.S. were approximately 66% of consolidated net sales, a high-share, structural exposure to currency, trade and regional demand conditions. It is slow-moving and well diversified across markets, but it means results are tied to international conditions more than to the domestic economy. The supply side is the most idiosyncratic risk. The company relies on a limited number of third-party contract manufacturers, logistics providers and suppliers, including single or sole source suppliers for certain raw materials. This is a high-share dependency because it reflects an outsourced model, where a disruption at one provider could interrupt supply. On the demand side, a limited number of large retail customers account for a large percentage of net sales, a medium-share, counterparty-specific dependency; no individual customer figure is given. Netting these out, the international skew is the structural backdrop, while the sole-source suppliers and the large retail customers are the relationship-driven exposures most likely to move the verdict.
For the engine’s reasoning on WDFC’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Specialty Chemicals
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| WDFC● | WD-40 Company | 2 | 1 | 0 | 3 |
| APD | Air Products and Chemicals, Inc | 2 | 0 | 0 | 2 |
| ALB | Albemarle Corporation | 1 | 1 | 0 | 2 |
| ASPN | Aspen Aerogels, Inc. | 1 | 0 | 0 | 1 |
| AVNT | Avient Corporation | 1 | 0 | 0 | 1 |
| ASH | Ashland Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.