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Side-by-side financial comparison of N-able, Inc. (NABL) 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 $130.3M, roughly 1.2× N-able, Inc.). On growth, N-able, Inc. posted the faster year-over-year revenue change (11.8% vs 0.6%). N-able, Inc. produced more free cash flow last quarter ($20.9M vs $9.1M). Over the past eight quarters, N-able, Inc.'s revenue compounded faster (7.0% CAGR vs 5.4%).

Able UK is a British industrial services company specialising in decommissioning of ships and offshore installations.

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.

NABL vs WDFC — Head-to-Head

Bigger by revenue
WDFC
WDFC
1.2× larger
WDFC
$154.4M
$130.3M
NABL
Growing faster (revenue YoY)
NABL
NABL
+11.2% gap
NABL
11.8%
0.6%
WDFC
More free cash flow
NABL
NABL
$11.8M more FCF
NABL
$20.9M
$9.1M
WDFC
Faster 2-yr revenue CAGR
NABL
NABL
Annualised
NABL
7.0%
5.4%
WDFC

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
NABL
NABL
WDFC
WDFC
Revenue
$130.3M
$154.4M
Net Profit
$17.5M
Gross Margin
76.2%
56.2%
Operating Margin
10.2%
15.1%
Net Margin
11.3%
Revenue YoY
11.8%
0.6%
Net Profit YoY
-7.8%
EPS (diluted)
$-0.04
$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.

Revenue
NABL
NABL
WDFC
WDFC
Q4 25
$130.3M
$154.4M
Q3 25
$131.7M
$163.5M
Q2 25
$131.2M
$156.9M
Q1 25
$118.2M
$146.1M
Q4 24
$116.5M
$153.5M
Q3 24
$116.4M
$156.0M
Q2 24
$119.4M
$155.0M
Q1 24
$113.7M
$139.1M
Net Profit
NABL
NABL
WDFC
WDFC
Q4 25
$17.5M
Q3 25
$1.4M
$21.2M
Q2 25
$-4.0M
$21.0M
Q1 25
$-7.2M
$29.9M
Q4 24
$18.9M
Q3 24
$10.8M
$16.8M
Q2 24
$9.5M
$19.8M
Q1 24
$7.5M
$15.5M
Gross Margin
NABL
NABL
WDFC
WDFC
Q4 25
76.2%
56.2%
Q3 25
77.5%
54.7%
Q2 25
78.1%
56.2%
Q1 25
76.6%
54.6%
Q4 24
80.0%
54.8%
Q3 24
82.9%
54.1%
Q2 24
84.0%
53.1%
Q1 24
83.9%
52.4%
Operating Margin
NABL
NABL
WDFC
WDFC
Q4 25
10.2%
15.1%
Q3 25
8.8%
17.1%
Q2 25
7.7%
17.4%
Q1 25
1.5%
15.9%
Q4 24
13.7%
16.4%
Q3 24
20.5%
15.4%
Q2 24
18.4%
17.5%
Q1 24
18.0%
15.1%
Net Margin
NABL
NABL
WDFC
WDFC
Q4 25
11.3%
Q3 25
1.1%
13.0%
Q2 25
-3.1%
13.4%
Q1 25
-6.1%
20.4%
Q4 24
12.3%
Q3 24
9.2%
10.8%
Q2 24
7.9%
12.8%
Q1 24
6.6%
11.2%
EPS (diluted)
NABL
NABL
WDFC
WDFC
Q4 25
$-0.04
$1.28
Q3 25
$0.01
$1.57
Q2 25
$-0.02
$1.54
Q1 25
$-0.04
$2.19
Q4 24
$0.01
$1.39
Q3 24
$0.06
$1.23
Q2 24
$0.05
$1.46
Q1 24
$0.04
$1.14

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
NABL
NABL
WDFC
WDFC
Cash + ST InvestmentsLiquidity on hand
$111.8M
$48.6M
Total DebtLower is stronger
$393.9M
$85.7M
Stockholders' EquityBook value
$804.7M
$264.1M
Total Assets
$1.4B
$459.7M
Debt / EquityLower = less leverage
0.49×
0.32×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
NABL
NABL
WDFC
WDFC
Q4 25
$111.8M
$48.6M
Q3 25
$101.4M
$58.1M
Q2 25
$93.9M
$51.7M
Q1 25
$94.1M
$53.0M
Q4 24
$85.2M
$54.9M
Q3 24
$174.4M
$46.7M
Q2 24
$157.5M
$45.3M
Q1 24
$139.2M
$55.4M
Total Debt
NABL
NABL
WDFC
WDFC
Q4 25
$393.9M
$85.7M
Q3 25
$331.7M
$86.2M
Q2 25
$332.1M
$85.6M
Q1 25
$332.6M
$84.4M
Q4 24
$333.1M
$84.6M
Q3 24
$333.6M
$86.0M
Q2 24
$334.1M
$85.5M
Q1 24
$334.5M
$85.9M
Stockholders' Equity
NABL
NABL
WDFC
WDFC
Q4 25
$804.7M
$264.1M
Q3 25
$813.4M
$268.2M
Q2 25
$809.4M
$257.1M
Q1 25
$775.1M
$242.1M
Q4 24
$759.3M
$226.3M
Q3 24
$765.0M
$230.5M
Q2 24
$724.4M
$222.2M
Q1 24
$709.1M
$216.3M
Total Assets
NABL
NABL
WDFC
WDFC
Q4 25
$1.4B
$459.7M
Q3 25
$1.4B
$475.8M
Q2 25
$1.4B
$456.0M
Q1 25
$1.4B
$458.3M
Q4 24
$1.3B
$447.3M
Q3 24
$1.2B
$449.0M
Q2 24
$1.2B
$443.6M
Q1 24
$1.1B
$442.0M
Debt / Equity
NABL
NABL
WDFC
WDFC
Q4 25
0.49×
0.32×
Q3 25
0.41×
0.32×
Q2 25
0.41×
0.33×
Q1 25
0.43×
0.35×
Q4 24
0.44×
0.37×
Q3 24
0.44×
0.37×
Q2 24
0.46×
0.38×
Q1 24
0.47×
0.40×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
NABL
NABL
WDFC
WDFC
Operating Cash FlowLast quarter
$25.3M
$10.0M
Free Cash FlowOCF − Capex
$20.9M
$9.1M
FCF MarginFCF / Revenue
16.0%
5.9%
Capex IntensityCapex / Revenue
3.4%
0.6%
Cash ConversionOCF / Net Profit
0.57×
TTM Free Cash FlowTrailing 4 quarters
$75.1M
$78.2M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
NABL
NABL
WDFC
WDFC
Q4 25
$25.3M
$10.0M
Q3 25
$24.0M
$29.9M
Q2 25
$24.2M
$35.1M
Q1 25
$19.7M
$8.0M
Q4 24
$26.0M
$14.9M
Q3 24
$22.0M
$27.2M
Q2 24
$27.3M
$19.9M
Q1 24
$4.2M
$18.0M
Free Cash Flow
NABL
NABL
WDFC
WDFC
Q4 25
$20.9M
$9.1M
Q3 25
$17.4M
$28.6M
Q2 25
$20.4M
$34.0M
Q1 25
$16.4M
$6.6M
Q4 24
$18.8M
$14.2M
Q3 24
$18.2M
$26.4M
Q2 24
$24.0M
$18.7M
Q1 24
$746.0K
$16.7M
FCF Margin
NABL
NABL
WDFC
WDFC
Q4 25
16.0%
5.9%
Q3 25
13.2%
17.5%
Q2 25
15.5%
21.6%
Q1 25
13.9%
4.5%
Q4 24
16.2%
9.3%
Q3 24
15.7%
16.9%
Q2 24
20.1%
12.0%
Q1 24
0.7%
12.0%
Capex Intensity
NABL
NABL
WDFC
WDFC
Q4 25
3.4%
0.6%
Q3 25
5.0%
0.8%
Q2 25
2.9%
0.7%
Q1 25
2.8%
0.9%
Q4 24
6.1%
0.5%
Q3 24
3.2%
0.5%
Q2 24
2.7%
0.8%
Q1 24
3.0%
0.9%
Cash Conversion
NABL
NABL
WDFC
WDFC
Q4 25
0.57×
Q3 25
17.36×
1.41×
Q2 25
1.67×
Q1 25
0.27×
Q4 24
0.79×
Q3 24
2.04×
1.62×
Q2 24
2.89×
1.00×
Q1 24
0.56×
1.16×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

NABL
NABL

Transferred Over Time$121.9M94%
Transferred At Point In Time$8.4M6%
Other Revenue$1.3M1%

WDFC
WDFC

Other$82.6M53%
WD40Multi Use Product$56.0M36%
WD40Specialist$9.0M6%
Other Maintenance Products$4.0M3%
Homecare And Cleaning Products$2.7M2%

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