Stanley Black & Decker
SWK · NYSECutlery, Handtools & General Hardware · Fiscal year ends Jan 2
Stanley Black & Decker reported revenue of $15.1B in the fiscal year ended Jan 2026, down 1.5% from the year before. Net income was $402M. Operating cash flow of $971M less capital expenditure of $283M left free cash flow of $688M. Net debt was $5B.
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue | $15.3B | $16.9B | $15.8B | $15.4B | $15.1B |
| Cost of revenue | $10.2B | $12.7B | $11.8B | $10.9B | $10.5B |
| Gross profit | $5.1B | $4.3B | $3.9B | $4.5B | $4.6B |
| Research & development | $276M | $357M | $362M | $329M | $321M |
| Selling, general & admin | $3.2B | $3.4B | $3.3B | $3.3B | $3.3B |
| Interest expense | $185M | $339M | $559M | $499M | $516M |
| Pre-tax income | $1.6B | $38M | −$376M | $241M | $418M |
| Income tax | $55M | −$132M | −$94M | −$45M | $16M |
| Net income | $1.7B | $1.1B | −$311M | $294M | $402M |
| Diluted EPS | 10.16 | 6.76 | −2.07 | 1.95 | 2.65 |
| Diluted shares | 165M | 157M | 150M | 151M | 152M |
Balance sheet
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Cash & equivalents | $142M | $396M | $449M | $291M | $280M |
| Inventory | $5.4B | $5.9B | $4.7B | $4.5B | $4.2B |
| Current assets | $8.5B | $8B | $7B | $6.4B | $6B |
| Net PP&E | $2.3B | $2.4B | $2.2B | $2B | $1.8B |
| Goodwill | $8.6B | $8.5B | $8B | $7.9B | $7.3B |
| Total assets | $28.2B | $25B | $23.7B | $21.8B | $21.2B |
| Payables | $3.4B | $2.3B | $2.3B | $2.4B | $2.2B |
| Deferred revenue | $35M | $30M | $32M | $31M | $27M |
| Current liabilities | $8.8B | $6.6B | $5.9B | $4.9B | $5.2B |
| Short-term debt | $1M | $1M | $1M | $500M | $555M |
| Long-term debt | $4.4B | $5.4B | $6.1B | $5.6B | $4.7B |
| Shareholders' equity | $11.6B | $9.7B | $9.1B | $8.7B | $9.1B |
Cash flow
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Operating cash flow | $663M | −$1.5B | $1.2B | $1.1B | $971M |
| Capital expenditure | $519M | $530M | $339M | $354M | $283M |
| Free cash flow | $144M | −$2B | $853M | $753M | $688M |
| Depreciation & amortisation | $374M | $370M | $432M | $426M | $366M |
| Stock-based compensation | $118M | $91M | $84M | $105M | $94M |
| Acquisitions | $2B | $72M | $0 | $0 | – |
| Share buybacks | $34M | $2.3B | $16M | $18M | $20M |
| Dividends paid | $475M | $466M | $483M | $491M | $501M |
| Dividend per share | 2.98 | 3.18 | 3.22 | 3.26 | 3.30 |
Key ratios
| Fiscal year | Jan 2022 | Dec 2022 | Dec 2023 | Dec 2024 | Jan 2026 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 10.9% | −6.9% | −2.6% | −1.5% |
| EPS growth (YoY) | – | −33.5% | −130.6% | – | 35.9% |
| Gross margin | 33.3% | 25.3% | 24.9% | 29.4% | 30.3% |
| Net margin | 11.1% | 6.3% | −2.0% | 1.9% | 2.7% |
| Return on equityBlank when equity is negative | 14.6% | 10.9% | −3.4% | 3.4% | 4.4% |
| Free cash flow margin | 0.9% | −11.7% | 5.4% | 4.9% | 4.5% |
| Cash conversion (CFO ÷ net income) | 0.39x | −1.37x | −3.84x | 3.76x | 2.42x |
| Inventory days | 194 | 169 | 146 | 153 | 144 |
| Payable days | 123 | 68 | 71 | 82 | 75 |
| Debt ÷ equity | 0.38x | 0.55x | 0.67x | 0.70x | 0.58x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | $4.2B | $5B | $5.7B | $5.8B | $5B |
| Current ratio | 0.97x | 1.21x | 1.19x | 1.30x | 1.14x |
Recent filings
More in Cutlery, Handtools & General Hardware
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.