Snap-on
SNA · NYSECutlery, Handtools & General Hardware · Fiscal year ends Jan 2
Snap-on reported revenue of $4.7B in the fiscal year ended Jan 2026, up 0.7% from the year before. Operating income was $1.3B, an operating margin of 28.2%, and net income was $1B. It held more cash than debt (net cash $438M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $4.2B | $4.5B | $4.7B | $4.7B | $4.7B |
| Research & development | $61M | $60M | $65M | $67M | $72M |
| Operating income | $1.1B | $1.2B | $1.3B | $1.3B | $1.3B |
| Interest expense | $53M | $47M | $50M | $50M | $51M |
| Pre-tax income | $1.1B | $1.2B | $1.3B | $1.4B | $1.3B |
| Income tax | $247M | $269M | $293M | $304M | $294M |
| Net income | $821M | $912M | $1B | $1B | $1B |
| Diluted EPS | 14.92 | 16.82 | 18.76 | 19.51 | 19.19 |
| Diluted shares | 55M | 54M | 54M | 54M | 53M |
Balance sheet
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $780M | $757M | $1B | $1.4B | $1.6B |
| Receivables | $682M | $762M | $791M | $816M | $881M |
| Inventory | $804M | $1B | $1B | $943M | $1B |
| Current assets | $3.1B | $3.4B | $3.7B | $4B | $4.4B |
| Goodwill | $1.1B | $1B | $1.1B | $1.1B | $1.1B |
| Total assets | $6.8B | $7B | $7.5B | $7.9B | $8.4B |
| Payables | $278M | $287M | $238M | $266M | $229M |
| Deferred revenue | $56M | $57M | $58M | $59M | $68M |
| Current liabilities | $982M | $972M | $942M | $962M | $919M |
| Short-term debt | $0 | – | – | – | $0 |
| Long-term debt | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Total liabilities | $2.6B | $2.5B | $2.5B | $2.5B | $2.5B |
| Shareholders' equity | $4.2B | $4.5B | $5.1B | $5.4B | $5.9B |
Cash flow
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $967M | $675M | $1.2B | $1.2B | $1.1B |
| Depreciation & amortisation | $105M | $100M | $99M | $98M | $99M |
| Stock-based compensation | $41M | $34M | $45M | $29M | $29M |
| Acquisitions | $200M | −$500,000 | $43M | $0 | $0 |
| Share buybacks | $431M | $198M | $295M | $290M | $329M |
| Dividends paid | $276M | $313M | $356M | $406M | $462M |
| Dividend per share | 5.11 | 5.88 | 6.72 | 7.72 | 8.86 |
Key ratios
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 5.7% | 5.2% | −0.5% | 0.7% |
| Operating income growth (YoY) | – | 7.4% | 8.5% | 2.7% | −1.3% |
| EPS growth (YoY) | – | 12.7% | 11.5% | 4.0% | −1.6% |
| Operating margin | 26.6% | 27.0% | 27.9% | 28.8% | 28.2% |
| Net margin | 19.4% | 20.4% | 21.5% | 22.3% | 21.6% |
| Return on equityBlank when equity is negative | 19.6% | 20.3% | 19.9% | 19.4% | 17.1% |
| ROCEEBIT ÷ (assets − current liabilities) | 19.4% | 20.1% | 19.8% | 19.4% | 17.7% |
| Cash conversion (CFO ÷ net income) | 1.18x | 0.74x | 1.14x | 1.17x | 1.06x |
| Receivable days | 59 | 62 | 61 | 64 | 68 |
| Interest cover | 21.2x | 25.6x | 26.3x | 27.1x | 26.3x |
| Debt ÷ equity | 0.28x | 0.26x | 0.23x | 0.22x | 0.20x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $403M | $427M | $183M | −$175M | −$438M |
| Current ratio | 3.11x | 3.47x | 3.88x | 4.15x | 4.79x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.