KMT vs SNA: Kennametal and Snap-On compared
The short version
From the latest prices and each company's SEC filings. Who's ahead on each measure, not which to buy.
- Snap-On is the larger company, worth $18.3B, about 7.4 times Kennametal.
- Kennametal grew revenue faster over the last year (+42.6% vs +4.2%).
- Snap-On keeps more of each dollar of revenue as operating profit (25.4% vs 20.1%).
- On earnings, Snap-On is the cheaper stock (18.3x vs 18.3x).
Side by side
The stronger figure is shaded where higher (or, for valuation multiples, lower) reads as better. How the implied growth works.
| Measure | KMT | SNA |
|---|---|---|
| Market cap | $2.5B | $18.3B |
| Share price | $31.92 | $360.37 |
| Revenue (last fiscal year) | $2.4B | $5.2B |
| Free cash flow (last fiscal year) | -$81M | $1.0B |
| Revenue growth, last year | +42.6% | +4.2% |
| Revenue growth per year, last 5 fiscal years | +4.0% | +2.9% |
| Operating margin | 20.1% | 25.4% |
| Net margin | 14.5% | 19.6% |
| Return on equity | 21.8% | 17.1% |
| P/E (trailing) | 18.3x | 18.3x |
| Price / free cash flow | 20.8x | 18.2x |
| EV / EBITDA | 4.65x | 12.4x |
| FCF growth the price implies | — | 3.8% |
| Dividend yield | 2.5% | 2.6% |
| Debt / equity | 0.99x | 0.43x |
| Fundamental grade | B | B |
| Superinvestors holding it | 5 | 4 |
| Insider purchases, last 12 months | 2 | 0 |
Results from SEC filings
Revenue and free cash flow by fiscal year, from each company's 10-K filings.
Kennametal
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2022 | $2.0B | -$278M | 10.8% |
| 2023 | $2.1B | $164M | 9.3% |
| 2024 | $2.0B | $170M | 8.3% |
| 2025 | $2.0B | $119M | 7.3% |
| 2026 | $2.4B | -$81M | 20.1% |
Snap-On
| Year | Revenue | Free cash flow | Op. margin |
|---|---|---|---|
| 2021 | $4.6B | $896M | 24.4% |
| 2022 | $4.8B | $591M | 24.9% |
| 2023 | $5.1B | $1.1B | 25.7% |
| 2024 | $5.1B | $1.1B | 26.3% |
| 2025 | $5.2B | $1.0B | 25.8% |
Where the revenue comes from
Kennametal · by segments, 2026
Metal Cutting$1.4B59%
Infrastructure$959M41%
Snap-On · by segments, 2025
Snap-on Tools Group$2.0B34%
Repair Systems & Information Group$1.9B33%
Commercial & Industrial Group$1.5B26%
Financial Services$413M7%
Compare them in fullFifteen years of statements, quarterly results, DCF and IRR models, and any number of peers side by side.
Open KMT in InvestinglyQuestions
Which is bigger, Kennametal or Snap-On?
Snap-On (SNA), at $18.3B against $2.5B.
Is KMT or SNA cheaper?
By trailing P/E, Snap-On (18.3x) is cheaper than Kennametal (18.3x). A lower multiple can also mean the market expects less growth.
Which grows faster, KMT or SNA?
Kennametal: revenue grew +42.6% over the last year, against +4.2%.
Prices and ratios as of the last daily update; statements from SEC filings. Information only, not investment advice.