Snap-On (SNA) financial statements
Snap-On reported revenue of $5.2B in fiscal 2025, up 3.7% a year over 9 years.
Net income was $1.0B and the operating margin 25.8%, against 23.2% in 2016.
Free cash flow was $1.0B, and the company returned $462M in dividends and $329M in net buybacks.
The diluted share count fell 11% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Snap-On's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.7B | $4.0B | $4.1B | $4.1B | $3.9B | $4.6B | $4.8B | $5.1B | $5.1B | $5.2B |
| Cost of revenue | $1.7B | $1.9B | — | — | — | — | — | — | — | — |
| Gross profit | $1.7B | $1.8B | — | — | — | — | — | — | — | — |
| Research and development | $53M | $61M | $61M | $59M | $57M | $61M | $60M | $65M | $67M | $72M |
| Operating income | $861M | $882M | $956M | $962M | $880M | $1.1B | $1.2B | $1.3B | $1.3B | $1.3B |
| Interest expense | $52M | $52M | $50M | $49M | $54M | $53M | $47M | $50M | $50M | $50M |
| Pre-tax income | $801M | $822M | $910M | $922M | $835M | $1.1B | $1.2B | $1.3B | $1.4B | $1.3B |
| Income tax | $244M | $251M | $214M | $212M | $189M | $247M | $269M | $293M | $304M | $294M |
| Net income | $546M | $558M | $680M | $694M | $627M | $820M | $912M | $1.0B | $1.0B | $1.0B |
| EPS (diluted) | $9.20 | $9.52 | $11.87 | $12.41 | $11.44 | $14.92 | $16.82 | $18.76 | $19.51 | $19.19 |
| Diluted shares | 59M | 59M | 57M | 56M | 55M | 55M | 54M | 54M | 54M | 53M |
| Gross margin | 46.1% | 45.6% | — | — | — | — | — | — | — | — |
| Operating margin | 23.2% | 22.1% | 23.5% | 23.7% | 22.3% | 24.4% | 24.9% | 25.7% | 26.3% | 25.8% |
| Net margin | 14.7% | 13.9% | 16.7% | 17.0% | 15.9% | 17.8% | 18.8% | 19.8% | 20.4% | 19.7% |
Balance sheet
Fiscal years, from Snap-On's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $78M | $92M | $141M | $184M | $923M | $780M | $757M | $1.0B | $1.4B | $1.6B |
| Receivables | $599M | $676M | $693M | $695M | $641M | $682M | $762M | $791M | $816M | $881M |
| Inventory | $530M | $639M | $674M | $760M | $746M | $804M | $1.0B | $1.0B | $943M | $1.0B |
| Total current assets | $1.9B | $2.1B | $2.2B | $2.4B | $3.1B | $3.1B | $3.4B | $3.7B | $4.0B | $4.4B |
| Property, plant and equipment | $425M | $484M | $495M | $522M | $526M | $518M | $513M | $539M | $543M | $552M |
| Goodwill | $896M | $924M | $902M | $914M | $982M | $1.1B | $1.0B | $1.1B | $1.1B | $1.1B |
| Total assets | $4.7B | $5.2B | $5.4B | $5.7B | $6.6B | $6.8B | $7.0B | $7.5B | $7.9B | $8.4B |
| Total current liabilities | $990M | $1.2B | $952M | $948M | $1.2B | $982M | $972M | $942M | $962M | $918M |
| Long-term debt | $709M | $754M | $946M | $947M | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B | $1.2B |
| Total liabilities | $2.1B | $2.3B | $2.3B | $2.3B | $2.7B | $2.6B | $2.5B | $2.5B | $2.5B | $2.5B |
| Shareholders' equity | $2.6B | $3.0B | $3.1B | $3.4B | $3.8B | $4.2B | $4.5B | $5.1B | $5.4B | $5.9B |
| Net debt | $781M | $912M | $805M | $965M | $509M | $403M | $427M | $183M | -$175M | -$438M |
Cash flow
Fiscal years, from Snap-On's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $576M | $608M | $764M | $675M | $1.0B | $967M | $675M | $1.2B | $1.2B | $1.1B |
| Capital spending | $74M | $82M | $91M | $99M | $66M | $70M | $84M | $95M | $84M | $76M |
| Free cash flow | $502M | $526M | $674M | $575M | $943M | $896M | $591M | $1.1B | $1.1B | $1.0B |
| Stock-based compensation | $31M | $30M | $27M | $24M | $20M | $41M | $34M | $45M | $29M | $29M |
| Dividends paid | $148M | $169M | $192M | $217M | $243M | $276M | $313M | $356M | $406M | $462M |
| Share buybacks (net) | -$120M | -$288M | -$284M | -$238M | -$174M | -$431M | -$198M | -$295M | -$290M | -$329M |
| Net borrowing | $0 | $148M | -$62M | $0 | $490M | -$250M | $0 | $0 | — | — |
| Free cash flow margin | 13.5% | 13.2% | 16.5% | 14.1% | 23.9% | 19.5% | 12.2% | 20.7% | 22.2% | 19.5% |
| Dividends per share | $2.48 | $2.89 | $3.35 | $3.87 | $4.44 | $5.01 | $5.78 | $6.60 | $7.60 | $8.72 |
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Open SNA in InvestinglyQuestions
What was Snap-On's revenue in 2025?
$5.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Snap-On generate?
$1.0B in fiscal 2025 (operating cash flow minus capital spending).
From Snap-On's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.