Stanley Black & Decker (SWK) financial statements
Stanley Black & Decker reported revenue of $15.1B in fiscal 2025, up 3.0% a year over 9 years.
Net income was $402M and the operating margin 2.8%, against 15.8% in 2016.
Free cash flow was $688M, and the company returned $501M in dividends and $20M in net buybacks.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Stanley Black & Decker's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $11.6B | $13.0B | $14.0B | $12.9B | $12.8B | $15.3B | $16.9B | $15.8B | $15.4B | $15.1B |
| Cost of revenue | $7.3B | $8.2B | $9.1B | $8.7B | $8.4B | $10.2B | $12.7B | $11.8B | $10.9B | $10.5B |
| Gross profit | $4.3B | $4.8B | $4.9B | $4.8B | $4.4B | $5.1B | $4.3B | $3.9B | $4.5B | $4.6B |
| Research and development | $204M | $252M | $276M | $241M | $200M | $276M | $357M | $362M | $329M | $321M |
| Selling, general and admin | $2.6B | $3.0B | $3.1B | $2.5B | $2.6B | $3.2B | $3.4B | $3.3B | $3.3B | $3.3B |
| Operating income | $1.8B | $2.0B | $1.9B | $2.0B | $2.2B | $1.6B | $38M | -$376M | $241M | $418M |
| Interest expense | $194M | $223M | $278M | $282M | $223M | $185M | $338M | $559M | $499M | $516M |
| Pre-tax income | $1.2B | $1.5B | $1.0B | $1.1B | $1.2B | $1.6B | $38M | -$376M | $241M | $418M |
| Income tax | $262M | $301M | $416M | $127M | $38M | $55M | -$132M | -$94M | -$45M | $16M |
| Net income | $968M | $1.2B | $605M | $956M | $1.2B | $1.7B | $1.1B | -$310M | $294M | $402M |
| EPS (diluted) | $6.53 | $8.05 | $3.85 | $6.11 | $7.46 | $10.16 | $6.76 | -$2.07 | $1.95 | $2.65 |
| Diluted shares | 148M | 152M | 157M | 156M | 162M | 165M | 157M | 150M | 151M | 152M |
| Gross margin | 36.8% | 36.9% | 34.7% | 37.2% | 34.6% | 33.3% | 25.3% | 24.9% | 29.4% | 30.3% |
| Operating margin | 15.8% | 15.4% | 13.5% | 15.4% | 17.1% | 10.4% | 0.2% | -2.4% | 1.6% | 2.8% |
| Net margin | 8.3% | 9.5% | 4.3% | 7.4% | 9.7% | 11.1% | 6.3% | -2.0% | 1.9% | 2.7% |
Balance sheet
Fiscal years, from Stanley Black & Decker's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $1.2B | $638M | $289M | $298M | $1.4B | $142M | $396M | $449M | $290M | $280M |
| Inventory | $1.5B | $2.0B | $2.4B | $2.3B | $2.6B | $5.4B | $5.9B | $4.7B | $4.5B | $4.2B |
| Total current assets | $4.8B | $4.6B | $4.6B | $4.5B | $6.0B | $8.5B | $8.0B | $7.0B | $6.4B | $6.0B |
| Property, plant and equipment | $1.5B | $1.7B | $1.9B | $2.0B | $2.0B | $2.3B | $2.4B | $2.2B | $2.0B | $1.8B |
| Goodwill | $6.7B | $8.8B | $9.0B | $7.4B | $7.9B | $8.6B | $8.5B | $8.0B | $7.9B | $7.3B |
| Total assets | $15.7B | $19.1B | $19.4B | $20.6B | $23.6B | $28.2B | $25.0B | $23.7B | $21.8B | $21.2B |
| Total current liabilities | $2.8B | $4.4B | $4.0B | $4.4B | $4.6B | $8.8B | $6.6B | $5.9B | $4.9B | $5.2B |
| Long-term debt | $3.8B | $2.8B | $3.8B | $3.2B | $4.2B | $4.4B | $5.4B | $6.1B | $5.6B | $4.7B |
| Total liabilities | $9.3B | $10.8B | $11.6B | $11.5B | $12.5B | $16.6B | $15.2B | $14.6B | $13.1B | $12.2B |
| Shareholders' equity | $6.4B | $8.3B | $7.8B | $9.1B | $11.1B | $11.6B | $9.7B | $9.1B | $8.7B | $9.1B |
| Net debt | $2.6B | $3.2B | $4.5B | $2.9B | $2.9B | $4.2B | $5.0B | $5.7B | $5.8B | $5.0B |
Cash flow
Fiscal years, from Stanley Black & Decker's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.2B | $668M | $1.3B | $1.5B | $2.0B | $663M | -$1.5B | $1.2B | $1.1B | $971M |
| Capital spending | $347M | $442M | $492M | $425M | $348M | $519M | $530M | $339M | $354M | $283M |
| Free cash flow | $838M | $226M | $769M | $1.1B | $1.7B | $144M | -$2.0B | $853M | $753M | $688M |
| Stock-based compensation | $81M | $79M | $76M | $89M | $109M | $118M | $91M | $84M | $105M | $94M |
| Dividends paid | $331M | $363M | $385M | $402M | $432M | $475M | $466M | $483M | $491M | $501M |
| Share buybacks (net) | -$374M | -$29M | -$527M | -$28M | -$26M | -$34M | -$2.3B | -$16M | -$18M | -$20M |
| Net borrowing | $2M | -$80M | $446M | -$178M | -$507M | $2.2B | -$138M | -$1.0B | -$1.1B | -$278M |
| Free cash flow margin | 7.2% | 1.7% | 5.5% | 8.4% | 13.1% | 0.9% | -11.7% | 5.4% | 4.9% | 4.5% |
| Dividends per share | $2.23 | $2.38 | $2.46 | $2.57 | $2.66 | $2.88 | $2.98 | $3.22 | $3.25 | $3.30 |
Questions
What was Stanley Black & Decker's revenue in 2025?
$15.1B in fiscal 2025, from its 10-K filing.
How much free cash flow does Stanley Black & Decker generate?
$688M in fiscal 2025 (operating cash flow minus capital spending).
From Stanley Black & Decker's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.