STANLEY BLACK & DECKER, INC. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data STANLEY BLACK & DECKER, 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	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	11,594	12,967	13,982	12,913	12,750	15,281	16,947	15,781	15,366	15,130
Cost of revenue	7,326	8,188	9,131	8,680	8,432	10,189	12,663	11,849	10,851	10,542
Gross profit	4,267	4,778	4,851	4,806	4,405	5,092	4,284	3,933	4,514	4,588
Research and development	204	252	276	241	200	276	357	362	329	321
Selling, general and administrative	2,609	2,983	3,144	2,542	2,555	3,193	3,356	3,282	3,311	3,315
Operating income	1,826	1,997	1,882	1,994	2,176
Interest expense	195	223	278	282	223	185	339	559	499	516
Interest income	23.2	40.1	68.7	51.9	17.5	9.8	54.7	187	179	198
Pre-tax income	1,229	1,528	1,022	1,094	1,184	1,587	37.9	-376	241	418
Income tax	262	301	416	127	38	55.1	-132	-94	-45.2	16
Income from continuing operations	965	1,226		954	1,154	1,553	170	-282	286	402
Net income	968	1,227	605	956	1,234	1,689	1,063	-311	294	402
EBITDA	2,090	2,293	2,213	2,554	2,553
EPS, basic	2.83	8.20	4.05	6.43	7.85	10.55	7.13	-2.07	1.96	2.66
EPS, diluted	2.79	8.05	3.85	6.11	7.46	10.16	6.76	-2.07	1.95	2.65
Shares, basic (weighted)	342	150	149	148	154	159	148	150	150	151
Shares, diluted (weighted)	347	152	157	156	162	165	157	150	151	152
Dividend per share	0.96	2.42	2.58	2.70	2.78	2.98	3.18	3.22	3.26	3.30

Balance sheet

	FY2016	FY2017	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	1,177	638	289	298	1,242	142	396	449	291	280
Receivables	1,303	1,629	1,608	1,455	1,165	1,482	1,231	1,302	1,154	920
Inventory	1,478	2,018	2,374	2,255	2,639	5,420	5,861	4,739	4,536	4,157
Other current assets	159	39.8	58.9	53.9	34.6	106	45.6	26	50	31.1
Total current assets	4,789	4,559	4,569	4,457	6,036	8,526	7,975	7,017	6,378	5,979
Property, plant and equipment	1,451	1,743	1,915	1,960	1,973	2,337	2,353	2,170	2,034	1,832
Lease right-of-use assets				535	438	426	432	503	473	464
Goodwill	6,694	8,776	8,957	7,381	7,893	8,591	8,503	7,996	7,906	7,288
Intangible assets	2,300	3,507	3,484	3,622	4,055
Other non-current assets	402	513	482	1,321	1,114	1,395	1,658	1,814	1,801	1,784
Total assets	15,655	19,098	19,408	20,597	23,566	28,180	24,963	23,664	21,849	21,244
Accounts payable	1,640	2,021	2,233	2,088	2,320	3,424	2,344	2,299	2,437	2,163
Accrued liabilities	1,102	1,388	1,390	1,978	1,846	2,641	2,121	2,464	1,979	1,878
Deferred revenue	81.9	95.6	98.6	109	39.4	35	29.6	31.7	31.3	27.3
Short-term debt	7.8	978	978	3.1	0	1.3	1.2	1.1	500	555
Total current liabilities	2,808	4,392	4,002	4,406	4,558	8,767	6,569	5,883	4,917	5,246
Long-term debt	3,815	2,828	3,820	3,176	4,245	4,354	5,353	6,101	5,603	4,703
Other non-current liabilities	1,259	2,507	2,446	2,532	2,403	2,144	2,264	1,827	2,118	1,834
Total liabilities	9,255	10,793	11,568	11,454	12,500	16,588	15,249	14,608	13,129	12,189
Total debt	3,823	3,806	3,822	3,180	4,245	4,355	5,354	6,102	6,103	5,258
Paid-in capital	4,774	4,788	4,766	4,768	4,968	4,999	5,056	5,059	5,071	5,063
Retained earnings	5,127	5,998	6,216	6,768	7,542	8,742	9,333	8,540	8,343	8,245
Treasury stock	-2,030	-1,924	-2,371	-2,185	-1,549	-1,368	-3,000	-2,916	-2,816	-2,725
Other comprehensive income	-1,922	-1,589	-1,814	-1,885	-1,714	-1,846	-2,120	-2,069	-2,321	-1,970
Shareholders' equity	6,367	8,302	7,836	9,136	11,060	11,591	9,712	9,056	8,720	9,055
Minority interests	6.6	2.8	3.7	5.9	6.8	1.9	2.1	0
Total equity	6,380	8,305	7,840	9,142	11,066	11,592	9,714	9,056	8,720	9,055
Total liabilities and equity	15,635	19,098	19,408	20,597	23,566	28,180	24,963	23,664	21,849	21,244
Shares outstanding	357	154	151	154	161	163	153	154	154	155

Cash flow statement

	FY2016	FY2017	FY2017	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	968	1,227	606	958	1,235	1,688	1,063	-311	294	402
Depreciation and amortization	264	297	331	560	377	374	370	432	426	366
Stock-based compensation	81.2	78.7	76.5	88.8	109	118	90.7	83.8	105	94.1
Deferred income tax	-25.7	-103	191	-30.7	-220	-365	-285	-424	-227	-64.4
Change in receivables	-410	-906	-48.8	138	-39.6	-281	109	-117	58.2	190
Change in inventory	-23.9	-303	-402	138	-402	-1,970	-792	907	93	259
Change in payables	160	240	211	-169	310	758	-991	-23	173	-285
Cash from operations	1,186	669	1,261	1,506	2,022	663	-1,460	1,191	1,107	971
Capital expenditures	-347	-442	-492	-425	-348	-519	-530	-339	-354	-283
Acquisitions	-59.3	-2,584	-525	-685	-1,324	-2,044	-71.9	0	0
Purchases of investments		-17.9	-21.7	-261	-18.7	-15.4
Cash from investing	61.1	-1,567	-989	-1,209	-1,577	-2,624	3,573	-328	394	-262
Debt issued			990	990	990
Debt repaid	0	-2.8	-978	-1,150	-1,154	-1.5	0	0	0	-851
Stock issued	419	90.8	38.5	146	147	131	38.7	19	24.8	8.9
Share buybacks	-374	-28.7	-527	-27.5	-26.2	-34.3	-2,323	-16.1	-17.7	-20.1
Dividends paid	-331	-363	-385	-402	-432	-475	-466	-483	-491	-501
Cash from financing	-433	295	-562	-293	616	919	-1,971	-816	-1,557	-794
Exchange rate effect	-102	81	-53.9	-1.4	22.8	-61.5	-31.9	2.1	-106	79.3
Net change in cash	712	-522	-344	3.2	1,084	-1,104	110	49.7	-162	-5.4
Free cash flow	839	226	769	1,081	1,674	144	-1,990	853	753	688
Interest paid	177	198	250	253	192	177	321	532	480	521
Income taxes paid	233	274	339	235	242	442	483	415	352	330

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 $91.40 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Gross margin	31.9%	Gross profit / revenue.
Pre-tax margin	5.6%	Pre-tax income / revenue.
Net margin	4.1%	Net income / revenue.
FCF margin	8.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	10.2%	Cash from operations / revenue.
Effective tax rate	26.8%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	6.9%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	3.1%	Net income / average total assets.
SG&A / revenue	22.4%	Selling, general and administrative expense / revenue.
Stock-based pay / revenue	0.5%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	1.7%	Capital expenditures / revenue.
D&A / revenue	2.4%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-1.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-3.7%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	3.5%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y	1.6%	Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y	2.3%	Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y	0.8%	Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	36.6%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	-27.7%	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	-20.1%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	35.9%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	-26.8%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	-18.7%	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	-12.3%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 5y	-13.6%	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	-8.6%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 5y	-16.3%	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	1.2%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	1.2%	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	3.5%	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	3.8%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	-2.3%	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	-3.9%	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	-2.8%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-5.2%	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	-2.1%	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	0.4%	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	-1.0%	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	-1.3%	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	1.43x	Current assets / current liabilities.
Quick ratio	0.47x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.13x	(Cash + short-term investments) / current liabilities.
Debt / equity	0.53x	Total debt / shareholders' equity. Not shown when equity is negative.
Debt / assets	23.7%	Total debt / total assets.
Liabilities / assets	55.4%	Total liabilities / total assets.
Net debt	$4.17B	Total debt - cash - short-term investments. Negative means more cash than debt.
Working capital	$1.91B	Current assets - current liabilities.
Goodwill and intangibles / assets	36.2%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.69B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.76x	Revenue / average total assets.
Fixed asset turnover	8.93x	Revenue / average property, plant and equipment.
Inventory turnover	2.66x	Cost of revenue / average inventory.
Days inventory	137 days	365 x average inventory / cost of revenue.
Receivables turnover	10.4x	Revenue / average receivables.
Days sales outstanding	35 days	365 x average receivables / revenue.
Days payables	85 days	365 x average accounts payable / cost of revenue.
Cash conversion cycle	87 days	Days inventory + days sales outstanding - days payables.
FCF conversion	207.8%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	16.9%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$4.12	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	$101.21	Revenue / diluted weighted shares.
FCF per share	$8.56	Free cash flow / diluted weighted shares.
Operating cash flow per share	$10.30	Cash from operations / diluted weighted shares.
Book value per share	$59.47	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$11.24	Tangible book value / shares outstanding.
Cash per share	$3.93	(Cash + short-term investments) / shares outstanding.
Payout ratio	81.0%	Dividends paid / net income, when net income is positive.
Dividends / FCF	39.0%	Dividends paid / free cash flow, when free cash flow is positive.
Buybacks / FCF	21.3%	Share buybacks / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$13.80B	Share price x shares outstanding.
Enterprise value	$17.97B	Market cap + total debt - cash - short-term investments.
P/E	22.2x	Market cap / net income. Only when net income is positive.
P/S	0.91x	Market cap / revenue.
P/B	1.54x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	8.15x	Market cap / tangible book value, when positive.
P/FCF	10.7x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	8.90x	Market cap / cash from operations, when positive.
EV/Sales	1.18x	Enterprise value / revenue.
EV/FCF	13.9x	Enterprise value / free cash flow, when both are positive.
FCF yield	9.3%	Free cash flow / market cap.
Earnings yield	4.5%	Net income / market cap (the inverse of P/E).
Dividend yield	3.6%	Dividends paid over the period / market cap.
Shareholder yield	5.6%	(Dividends paid + share buybacks) / market cap.

What was STANLEY BLACK & DECKER, INC.'s revenue in fiscal 2025?

STANLEY BLACK & DECKER, INC. reported revenue of $15.13B for fiscal 2025, 1.5% lower than the year before.

Was STANLEY BLACK & DECKER, INC. profitable in fiscal 2025?

Yes. Net income was $401.9M, a net margin of 2.7%.

How much free cash flow did STANLEY BLACK & DECKER, INC. generate in fiscal 2025?

Cash from operations of $971.2M minus capital expenditures of $283.3M left free cash flow of $687.9M.

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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