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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) and WD 40 CO (WDFC). Click either name above to swap in a different company.
WD 40 CO is the larger business by last-quarter revenue ($154.4M vs $120.7M, roughly 1.3× LIQUIDITY SERVICES INC). WD 40 CO runs the higher net margin — 11.3% vs 6.2%, a 5.1% gap on every dollar of revenue. On growth, LIQUIDITY SERVICES INC posted the faster year-over-year revenue change (3.7% vs 0.6%). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (13.6% CAGR vs 5.4%).
Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States.
WD-40 Company is a global consumer and industrial goods manufacturer best known for its signature multi-purpose lubricant of the same name. Its product portfolio includes cleaners, degreasers, rust removers and specialty lubricants, serving retail, industrial and automotive markets across more than 170 countries and regions worldwide.
LQDT vs WDFC — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $120.7M | $154.4M |
| Net Profit | $7.5M | $17.5M |
| Gross Margin | — | 56.2% |
| Operating Margin | 8.0% | 15.1% |
| Net Margin | 6.2% | 11.3% |
| Revenue YoY | 3.7% | 0.6% |
| Net Profit YoY | 6.7% | -7.8% |
| EPS (diluted) | $0.23 | $1.28 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | $120.7M | — | ||
| Q4 25 | $121.2M | $154.4M | ||
| Q3 25 | $118.1M | $163.5M | ||
| Q2 25 | $119.9M | $156.9M | ||
| Q1 25 | $116.4M | $146.1M | ||
| Q4 24 | $122.3M | $153.5M | ||
| Q3 24 | $106.9M | $156.0M | ||
| Q2 24 | $93.6M | $155.0M |
| Q1 26 | $7.5M | — | ||
| Q4 25 | $7.5M | $17.5M | ||
| Q3 25 | $7.8M | $21.2M | ||
| Q2 25 | $7.4M | $21.0M | ||
| Q1 25 | $7.1M | $29.9M | ||
| Q4 24 | $5.8M | $18.9M | ||
| Q3 24 | $6.4M | $16.8M | ||
| Q2 24 | $6.0M | $19.8M |
| Q1 26 | — | — | ||
| Q4 25 | 47.0% | 56.2% | ||
| Q3 25 | 47.8% | 54.7% | ||
| Q2 25 | 45.7% | 56.2% | ||
| Q1 25 | 40.8% | 54.6% | ||
| Q4 24 | 41.0% | 54.8% | ||
| Q3 24 | 45.6% | 54.1% | ||
| Q2 24 | 52.8% | 53.1% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 7.7% | 15.1% | ||
| Q3 25 | 9.3% | 17.1% | ||
| Q2 25 | 8.5% | 17.4% | ||
| Q1 25 | 5.8% | 15.9% | ||
| Q4 24 | 5.8% | 16.4% | ||
| Q3 24 | 6.8% | 15.4% | ||
| Q2 24 | 8.4% | 17.5% |
| Q1 26 | 6.2% | — | ||
| Q4 25 | 6.2% | 11.3% | ||
| Q3 25 | 6.6% | 13.0% | ||
| Q2 25 | 6.2% | 13.4% | ||
| Q1 25 | 6.1% | 20.4% | ||
| Q4 24 | 4.7% | 12.3% | ||
| Q3 24 | 6.0% | 10.8% | ||
| Q2 24 | 6.4% | 12.8% |
| Q1 26 | $0.23 | — | ||
| Q4 25 | $0.23 | $1.28 | ||
| Q3 25 | $0.24 | $1.57 | ||
| Q2 25 | $0.23 | $1.54 | ||
| Q1 25 | $0.22 | $2.19 | ||
| Q4 24 | $0.18 | $1.39 | ||
| Q3 24 | $0.20 | $1.23 | ||
| Q2 24 | $0.19 | $1.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $204.0M | $48.6M |
| Total DebtLower is stronger | — | $85.7M |
| Stockholders' EquityBook value | — | $264.1M |
| Total Assets | $400.4M | $459.7M |
| Debt / EquityLower = less leverage | — | 0.32× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $204.0M | — | ||
| Q4 25 | $11.6M | $48.6M | ||
| Q3 25 | $11.2M | $58.1M | ||
| Q2 25 | $11.4M | $51.7M | ||
| Q1 25 | $10.5M | $53.0M | ||
| Q4 24 | $10.4M | $54.9M | ||
| Q3 24 | $2.3M | $46.7M | ||
| Q2 24 | $6.5M | $45.3M |
| Q1 26 | — | — | ||
| Q4 25 | — | $85.7M | ||
| Q3 25 | — | $86.2M | ||
| Q2 25 | — | $85.6M | ||
| Q1 25 | — | $84.4M | ||
| Q4 24 | — | $84.6M | ||
| Q3 24 | — | $86.0M | ||
| Q2 24 | — | $85.5M |
| Q1 26 | — | — | ||
| Q4 25 | $215.3M | $264.1M | ||
| Q3 25 | $203.2M | $268.2M | ||
| Q2 25 | $208.7M | $257.1M | ||
| Q1 25 | $196.3M | $242.1M | ||
| Q4 24 | $189.2M | $226.3M | ||
| Q3 24 | $182.6M | $230.5M | ||
| Q2 24 | $172.0M | $222.2M |
| Q1 26 | $400.4M | — | ||
| Q4 25 | $369.1M | $459.7M | ||
| Q3 25 | $375.1M | $475.8M | ||
| Q2 25 | $372.4M | $456.0M | ||
| Q1 25 | $358.8M | $458.3M | ||
| Q4 24 | $333.2M | $447.3M | ||
| Q3 24 | $346.9M | $449.0M | ||
| Q2 24 | $325.5M | $443.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.32× | ||
| Q3 25 | — | 0.32× | ||
| Q2 25 | — | 0.33× | ||
| Q1 25 | — | 0.35× | ||
| Q4 24 | — | 0.37× | ||
| Q3 24 | — | 0.37× | ||
| Q2 24 | — | 0.38× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $29.0M | $10.0M |
| Free Cash FlowOCF − Capex | — | $9.1M |
| FCF MarginFCF / Revenue | — | 5.9% |
| Capex IntensityCapex / Revenue | — | 0.6% |
| Cash ConversionOCF / Net Profit | 3.86× | 0.57× |
| TTM Free Cash FlowTrailing 4 quarters | — | $78.2M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.0M | — | ||
| Q4 25 | $-526.0K | $10.0M | ||
| Q3 25 | $38.0M | $29.9M | ||
| Q2 25 | $19.3M | $35.1M | ||
| Q1 25 | $21.6M | $8.0M | ||
| Q4 24 | $-12.1M | $14.9M | ||
| Q3 24 | $22.0M | $27.2M | ||
| Q2 24 | $22.2M | $19.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $9.1M | ||
| Q3 25 | $36.0M | $28.6M | ||
| Q2 25 | $17.2M | $34.0M | ||
| Q1 25 | $19.8M | $6.6M | ||
| Q4 24 | $-14.0M | $14.2M | ||
| Q3 24 | $19.2M | $26.4M | ||
| Q2 24 | $20.3M | $18.7M |
| Q1 26 | — | — | ||
| Q4 25 | -2.3% | 5.9% | ||
| Q3 25 | 30.5% | 17.5% | ||
| Q2 25 | 14.3% | 21.6% | ||
| Q1 25 | 17.0% | 4.5% | ||
| Q4 24 | -11.4% | 9.3% | ||
| Q3 24 | 17.9% | 16.9% | ||
| Q2 24 | 21.7% | 12.0% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 0.6% | ||
| Q3 25 | 1.7% | 0.8% | ||
| Q2 25 | 1.8% | 0.7% | ||
| Q1 25 | 1.6% | 0.9% | ||
| Q4 24 | 1.5% | 0.5% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 2.1% | 0.8% |
| Q1 26 | 3.86× | — | ||
| Q4 25 | -0.07× | 0.57× | ||
| Q3 25 | 4.86× | 1.41× | ||
| Q2 25 | 2.60× | 1.67× | ||
| Q1 25 | 3.07× | 0.27× | ||
| Q4 24 | -2.09× | 0.79× | ||
| Q3 24 | 3.45× | 1.62× | ||
| Q2 24 | 3.71× | 1.00× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LQDT
| Purchase revenues | $77.9M | 64% |
| Consignment and other fee revenues | $42.9M | 36% |
WDFC
| Other | $82.6M | 53% |
| WD40Multi Use Product | $56.0M | 36% |
| WD40Specialist | $9.0M | 6% |
| Other Maintenance Products | $4.0M | 3% |
| Homecare And Cleaning Products | $2.7M | 2% |
