Snap-on Inc financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Snap-on Inc files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	3,712	4,000	4,070	4,068	3,942	4,602	4,843	5,108	5,108	5,156
Cost of revenue	1,721	1,862
Gross profit	1,710	1,825
Research and development	53.4	60.9	61.2	59.1	57.4	61.1	60.1	64.7	67	72.4
Selling and marketing	52.6	55.7	55.6	47.7	38	33.2	39.3	44.5	47.5	56.6
Operating expenses	1,054	1,161
Operating income	861	882	956	962	881	1,124	1,207	1,310	1,346	1,328
Interest expense	52.2	52.4	50.4	49	54	53.1	47.1	49.9	49.6	50.5
Interest income	0.6	0.3	0.6	1.5	1.7	2.1	13	40.2	57	58.8
Other non-operating income	-7.5	-7.8	4.2	8.8	8.7	16.5	42.5	67.5	77	58.7
Pre-tax income	801	822	910	922	835	1,087	1,203	1,328	1,373	1,336
Income tax	244	251	214	212	189	247	269	293	304	294
Net income to minority interests	13.2	14.5	16.3	17.7	19.4	20.9	22.2	23.5	25	25.4
Net income	546	558	680	694	627	821	912	1,011	1,044	1,017
EBITDA	947	975	1,050	1,055	977	1,228	1,307	1,410	1,444	1,426
EPS, basic	9.40	9.72	12.08	12.59	11.55	15.22	17.14	19.11	19.85	19.52
EPS, diluted	9.20	9.52	11.87	12.41	11.44	14.92	16.82	18.76	19.51	19.19
Shares, basic (weighted)	58.1	57.4	56.3	55.1	54.3	53.9	53.2	52.9	52.6	52.1
Shares, diluted (weighted)	59.4	58.6	57.3	55.9	54.8	55	54.2	53.9	53.5	53
Dividend per share	2.54	2.95	3.41	3.93	4.47	5.11	5.88	6.72	7.72	8.86

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	77.6	92	141	185	923	780	757	1,002	1,361	1,625
Receivables	599	676	693	695	641	682	762	791	816	881
Inventory	531	639	674	760	747	804	1,033	1,006	943	1,025
Other current assets	117	111	92.8	110	130	135	145	138	140	152
Total current assets	1,884	2,119	2,217	2,381	3,083	3,053	3,369	3,652	3,989	4,403
Property, plant and equipment	425	484	495	522	526	518	513	539	543	552
Lease right-of-use assets			0	55.6	51.9	51.9	61.5	74.7	89.4	83.7
Goodwill	896	924	902	914	982	1,117	1,045	1,097	1,057	1,110
Intangible assets	185	254	233	244	261	302	276	269	268	271
Other non-current assets	39.9	53.8	42	62.3	91.7	15.6	13.7	14	17.3	25.1
Total assets	4,723	5,249	5,373	5,694	6,557	6,760	6,973	7,545	7,897	8,412
Accounts payable	171	178	201	199	223	278	287	238	266	229
Accrued liabilities	52.8	55.8	52	53.3
Deferred revenue	43	38.9	47.3	55.1	53.6	56.4	57.1	58.4	59	68.1
Short-term debt	150	250	0	203	269	17.4				0
Total current liabilities	990	1,193	952	948	1,165	982	972	942	962	919
Long-term debt	709	754	946	947	1,182	1,183	1,184	1,185	1,186	1,186
Lease liabilities			0	37.5	34	34.2	44.7	54.6	68.6	61.8
Other non-current liabilities	93.4	107	112	106	97.7	97.9	85.1	87.4	92.9	98.4
Total liabilities	2,088	2,277	2,255	2,263	2,711	2,556	2,469	2,452	2,480	2,456
Total debt	859	1,004	946	947	1,432	1,183	1,184	1,185	1,199	1,203
Paid-in capital	317	343	359	379	392	473	500	546	558	579
Retained earnings	3,385	3,772	4,258	4,780	5,157	5,700	6,296	6,949	7,584	8,138
Treasury stock	-654	-900	-1,123	-1,309	-1,425	-1,714	-1,854	-2,041	-2,240	-2,497
Other comprehensive income	-499	-329	-462	-508	-366	-344	-528	-450	-575	-355
Shareholders' equity	2,617	2,954	3,099	3,409	3,825	4,182	4,481	5,071	5,394	5,932
Minority interests	18	18.4	19.8	21.7	21.7	21.9	22.2	22.1	22.9	25
Total equity	2,635	2,972	3,119	3,431	3,847	4,204	4,504	5,093	5,417	5,957
Total liabilities and equity	4,723	5,249	5,373	5,694	6,557	6,760	6,973	7,545	7,897	8,412

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	560	572	696	711	646	841	934	1,035	1,069	1,042
Depreciation and amortization	85.6	93.2	94.1	92.4	96.7	105	100	99.3	98	98.5
Stock-based compensation	31	30.3	27.2	23.8	19.5	41.4	34	44.7	28.6	28.9
Deferred income tax	1.3	12.3	13.7	34.2	-8.2	8.4	-10.3	-18.7	-8.2	2.5
Change in inventory	-32.7	-76	-38.6	-97	34.2	-75.4	-272	23.3	27.8	-44.1
Change in payables	16.3	-2.2	27.5	-2.6	17.8	56.8	17.7	-48.1	29	-42.7
Cash from operations	576	609	765	675	1,009	967	675	1,154	1,218	1,082
Capital expenditures	-74.3	-82	-90.9	-99.4	-65.6	-70.1	-84.2	-95	-83.5	-76
Acquisitions	-160	-82.9	-3	-38.6	-41.5	-200	0.5	-42.6	0	0
Cash from investing	-473	-341	-210	-222	-188	-290	-206	-332	-204	-73.1
Debt issued	0	298	395	0	490	0	0
Debt repaid	0	-150	-458	0	0	-250	0	0
Stock issued	41.8	46.2	55.5	51.4	55.8	162	55	114	92.3	73.9
Share buybacks	-120	-288	-284	-238	-174	-431	-198	-295	-290	-329
Dividends paid	-148	-169	-192	-217	-243	-276	-313	-356	-406	-462
Cash from financing	-116	-256	-502	-409	-84.3	-819	-485	-573	-650	-750
Exchange rate effect	-1.9	3.4	-3.2	0.5	2.4	-0.8	-6.8	-5.2	-4.6	5.3
Net change in cash	-15.2	14.4	48.9	43.6	739	-143	-22.8	244	359	264
Free cash flow	502	527	674	575	943	897	591	1,059	1,134	1,006
Interest paid	51	51.2	51.5	46.3	49.8	55.9	44.7	44.5	44.1	44.6
Income taxes paid	247	228	188	191	188	249	261	301	306	327

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to July 4, 2026; growth uses fiscal years. Valuation uses the share price of $369.20 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	25.4%	Operating income / revenue.
EBITDA margin	26.9%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	25.7%	Pre-tax income / revenue.
Net margin	19.6%	Net income / revenue.
FCF margin	21.0%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	22.5%	Cash from operations / revenue.
Effective tax rate	21.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	17.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	12.0%	Net income / average total assets.
Return on invested capital (ROIC)	18.7%	Approximation: operating income x (1 - tax rate) / average (total debt + equity - cash). Tax rate is the effective rate when between 0% and 50%, else 21%.
Stock-based pay / revenue	0.6%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.5%	Capital expenditures / revenue.
D&A / revenue	1.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	0.9%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	2.1%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	5.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	-1.3%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	3.2%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating income CAGR, 5y	8.6%	Compound annual growth of operating income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EBITDA growth, 1y	-1.2%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	2.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	7.9%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	-2.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	3.7%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	10.2%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	-1.6%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	4.5%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	10.9%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-11.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	17.0%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	1.4%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	-11.3%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	19.4%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	1.3%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	14.8%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	14.6%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	14.7%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	10.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	9.8%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	9.2%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	6.5%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	6.5%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	5.1%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	-0.9%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.7%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.7%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	3.43x	Current assets / current liabilities.
Quick ratio	1.96x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.25x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.20x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	13.9%	Total debt / total assets.
Liabilities / assets	29.8%	Total liabilities / total assets.
Net debt	-$440.7M	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	-0.31x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Interest coverage	26.6x	Operating income / interest expense.
Working capital	$3.21B	Current assets - current liabilities.
Goodwill and intangibles / assets	17.4%	(Goodwill + intangible assets) / total assets.
Tangible book value	$4.54B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.61x	Revenue / average total assets.
Fixed asset turnover	9.41x	Revenue / average property, plant and equipment.
Receivables turnover	5.60x	Revenue / average receivables.
Days sales outstanding	65 days	365 x average receivables / revenue.
FCF conversion	107.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	6.6%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$19.68	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$100.43	Revenue / diluted weighted shares.
FCF per share	$21.11	Free cash flow / diluted weighted shares.
Operating cash flow per share	$22.58	Cash from operations / diluted weighted shares.
Book value per share	$115.02	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$86.48	Tangible book value / shares outstanding.
Cash per share	$31.31	(Cash + short-term investments) / shares outstanding.
Payout ratio	47.5%	Dividends paid / net income, when net income is positive.
Dividends / FCF	44.3%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	31.9%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$19.10B	Share price x shares outstanding.
Enterprise value	$18.66B	Market cap + total debt - cash - short-term investments.
P/E	18.5x	Market cap / net income. Only when net income is positive.
P/S	3.62x	Market cap / revenue.
P/B	3.16x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	4.20x	Market cap / tangible book value, when positive.
P/FCF	17.2x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	16.1x	Market cap / cash from operations, when positive.
EV/Sales	3.54x	Enterprise value / revenue.
EV/EBIT	13.9x	Enterprise value / operating income, when both are positive.
EV/EBITDA	13.1x	Enterprise value / EBITDA, when both are positive.
EV/FCF	16.8x	Enterprise value / free cash flow, when both are positive.
FCF yield	5.8%	Free cash flow / market cap.
Earnings yield	5.4%	Net income / market cap (the inverse of P/E).
Dividend yield	2.6%	Dividends paid over the period / market cap.
Shareholder yield	4.4%	(Dividends paid + share buybacks) / market cap.
PEG	4.11x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Snap-on Inc's revenue in fiscal 2025?

Snap-on Inc reported revenue of $5.16B for fiscal 2025, 0.9% higher than the year before.

Was Snap-on Inc profitable in fiscal 2025?

Yes. Net income was $1.02B, a net margin of 19.7%.

How much free cash flow did Snap-on Inc generate in fiscal 2025?

Cash from operations of $1.08B minus capital expenditures of $76.0M left free cash flow of $1.01B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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