undamentalytics Newsletter

Snap-on (SNA) stock

Add holding +

NYSE: SNA NYSE Industrial Machinery & Supplies & Components Next results ~February 4, 2027

B Fundamentals grade

Snap-on is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.

Stock price today

Loading chart…

Third-party market data · may be delayed

Fair value per share

~$370

Cash-flow model

Base case. Range ~$280–$490 across our lower- and higher-growth cases (-2.9%–7.1% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 2% below our base value.

Price used: $361.42, November 3, 2026

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 9 selling0 purchases and 71 sales by directors and officers, last 12 monthsInsider trades
  • Funds480 adding, 454 cuttingOf 65 active managers that changed their stake, 28 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Snap-on files

10-Q filed October 22: Snap-on

Model value −3.6%

Revenue for the twelve months to October 2026 reached $5.27bn, up 2.9% on a year earlier. That marks a slowdown from the 4.0% posted a quarter earlier, and it ranks Snap-on 12th of 14 for growth among the industrial machinery and supplies and components companies we cover. Free cash flow margin held steady at 20.4%. On the softer top line, the fundamentals grade slips from B to C+, and our model value eases from $387 to $373 a share. With the stock at $356, the rating stays Hold. At that price, the market is implying about 1.9% annual cash-flow growth over five years, close to the 2.7% a year in revenue growth the company has delivered.

Source: 10-Q filed October 22, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where Snap-on stands after its latest 10-Q

Revenue for the twelve months to July 2026 was $5.27bn, up 4.0% on a year earlier, faster than 3.0% a quarter earlier. That puts it 12 of 14 for growth among the industrial machinery & supplies & components companies we cover. Free-cash-flow margin held at 21.0%. Against its peers on growth, profitability, cash generation and balance sheet, it grades B. It passes 7 of our 7 financial-health checks. Our cash-flow model value is $376 a share, against a share price of $366. At that price, our model says the market is pricing in about 2.5% a year of cash-flow growth for five years, close to the 2.8% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~February 4, 2027 (estimated)

Snap-on's trailing-twelve-month revenue grew 2.9% year on year, with a free-cash-flow margin of 20.4%. Where it stands out: net margin of 19.2% ranks 3 of 76 industrial machinery & supplies & components companies we cover. Where it lags: revenue growth of 2.9% ranks 62 of 75 industrial machinery & supplies & components companies we cover.

Our discounted-cash-flow model values the business at ~$370 per share in the base case (~$280–$490 across growth scenarios) — model values under stated assumptions, not a price target.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Strengths

  • Strong cash generation. 20.4% of revenue turned into free cash flow, against a median of 9.1% for industrial machinery & supplies & components companies we cover.
  • Shrinking share count. Diluted shares fell 1.0% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $0.8bn.

Things to watch

  • Insiders selling. 9 insiders sold $62M of stock over the past 365 days and none bought (86% under pre-set trading plans).
  • Below peers: revenue growth. Revenue growth of 2.9% ranks 62 of 75 industrial machinery & supplies & components companies we cover (median 8.3%).
  • Below peers: change in growth rate. Change in growth rate of -1.1pp ranks 60 of 75 industrial machinery & supplies & components companies we cover (median +1.2pp).
  • Missing expectations. Earnings per share fell short of the consensus estimate in 2 of the last four quarters.

Latest results: FY2026 Q3

Filed October 22, 2026
Earnings per share
$4.64 against an average estimate of $4.93: missed by 5.8%
Revenue
$1.28bn, down 0.7% on a year earlier
Share reaction
-3.2% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Guidance given
effective income tax rate 22% (full-year 2026)
Next report
October 22, 2026; average EPS estimate $4.92

Snap-on's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-1.0%
  • 1 week+1.1%
  • 1 month-2.0%
  • This year+8.4%
  • 1 year+9.9%
  • 5 years+96.6%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$5.3B
Operating margin
24.9%
Net margin
19.2%
EPS (TTM, diluted)
$19.22

Growth

Revenue growth
+2.9%
Change in growth rate
−1.1 pts
Share count change
−1.0%

Cash

Free cash flow (TTM)
$1.1B
FCF margin
20.4%
Stock pay % of revenue
0.6%

Earnings

Last results
October 22, 2026
Next results (est.)
February 4, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Our research
  2. Results
  3. Guidance
  4. Insider trade
  5. Insider trade
  6. Insider trade
  7. Insider trade
  8. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

What the price is pricing in

The share price implies about 2.2% a year of cash-flow growth for five years.That is close to the 2.7% a year revenue growth Snap-on has delivered.

  • Priced in2.2%
  • Last 12 months2.9%
  • 3 years a year1.3%
  • 5 years a year2.7%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($361.49, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Hold12-month view
12-month price target
~$370
Price used
$361.49close November 3, 2026
Implied change
▲ +2%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Snap-on's free cash flow after stock-based pay with after-tax interest added back ($1.1B, FY2026 Q3 TTM), growing 3% and 2.7% in the next two years (forecasts, guidance and its record), then back to 2.1% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$280–~$490 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Snap-on's free cash flow after stock-based pay ( $1.1B, FY2026 Q3 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Snap-on as an operating company, with every model that fits that kind of business. Cost of equity 9.1%: the 10-year Treasury yield (4.9%) plus a beta of 0.93 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$370 ~$280–$490 Primary model, counts double
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$360 ~$320–$470 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$300 ~$230–$410 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$320 ~$270–$380 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$340 ~$300–$370 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Snap-on with Industrial Machinery & Supplies & Components in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +32%
  • Free-cash-flow margin 1 point lower ▼ −5%
  • Last year's free-cash-flow margin change, if it persists ▲ +2%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $312$421$566$756$1005$1326
8.5% $240$320$424$560$737$965
10% $197$258$339$443$578$751

Valuation multiples over time Market data may be delayed

Snap-on: market value and multiples by fiscal year
At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$132.49$134.51$139.41$117.84$141.71$147.59$190.15$207.09$268.61$328.03$344.23$366.30
Market value$7.8bn$8.0bn$8.2bn$6.8bn$7.9bn$8.1bn$10.5bn$11.2bn$14.5bn$17.5bn$18.2bn$19.3bn
+ Net debt (− = net cash)$806m$933m$1.1bn$991m$1.2bn$527m$420m$444m$199m−$148m−$406m−$447m
Enterprise value$8.6bn$8.9bn$9.3bn$7.7bn$9.1bn$8.6bn$10.9bn$11.7bn$14.7bn$17.4bn$17.8bn$18.8bn
Multiples
Price / sales 2.2x2.2x2.0x1.7x1.9x2.1x2.3x2.3x2.8x3.4x3.5x3.7x
Price / earnings 16.4x14.6x14.6x9.9x11.4x12.9x12.7x12.3x14.3x16.8x17.9x19.1x
Price / free cash flow 18.3x15.9x15.5x10.0x13.8x8.6x11.7x19.0x13.7x15.5x18.1x18.0x
EV / EBITDA 10.2x9.4x9.5x7.4x8.6x8.8x8.9x8.9x10.4x12.1x12.5x13.3x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

92 /100

Strong moat

How hard Snap-on's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 20 / 20

    Net income has been a median 12.2% of total assets over 10 years.

  • Pricing power 16 / 20

    Gross margin has been a median 46.6%, moving by 0.7 percentage points (standard deviation) across 9 years.

  • Durability 18 / 20

    Operating margin has been a median 24.6%; its worst year was 21.7%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 19.6% of revenue.

  • Discipline 18 / 20

    The diluted share count fell 4.3% over five years; stock-based pay has been a median 0.7% of revenue.

AI disruption exposure: Low. In this industry, the business rests on physical assets, regulated networks or products AI itself depends on.

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Analysts' consensus

Snap-on: consensus estimates
Fiscal yearEPSGrowthRevenueGrowth
Current $19.14 −0% $4.9bn +3%
Next $20.58 +8% $5.1bn +4%

Next year's EPS estimate has moved −3.7% in 90 days, across 11 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −3.5% on 90 days ago. In the last 30 days, 0 analysts raised Snap-on's forecast and 1 cut it.

Consensus EPS forecast Snap-on, last 90 days
$19.00 $20.00 $21.00 $22.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $19.83 Current fiscal year, 60 days ago: $19.83 Current fiscal year, 30 days ago: $19.82 Current fiscal year, 7 days ago: $19.77 Current fiscal year, Now: $19.14 $19.14 Next fiscal year, 90 days ago: $21.36 Next fiscal year, 60 days ago: $21.36 Next fiscal year, 30 days ago: $21.41 Next fiscal year, 7 days ago: $21.36 Next fiscal year, Now: $20.58 $20.58

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $19.83$21.36
60 days ago $19.83$21.36
30 days ago $19.82$21.41
7 days ago $19.77$21.36
Now $19.14$20.58

Earnings against estimates

Snap-on: reported EPS against the consensus estimate
Quarter toEstimateActualSurprise
Sept 2026 $4.93 $4.64 −5.8%
Jun 2026 $4.95 $4.96 +0.3%
Mar 2026 $4.75 $4.69 −1.2%
Dec 2025 $4.92 $4.94 +0.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026
  • effective income tax rate full-year 2026 about 22% Maintained vs about 22
    “Snap-on currently anticipates that its full-year 2026 effective income tax rate will approximate 22%.” source

Figures and quotations are management's, copied from the company's own press release (SEC 8-K exhibit) and checked word for word against it. Forward-looking statements are the company's expectations, not ours and not advice; guidance can change or be missed.

How our valuation uses these forecasts

Our cash-flow model grows Snap-on's revenue by +3.0% next year and +2.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+3.4%, weight 68%) and the company's own record (+2.1%, weight 32%) . How the weights are set.

Analyst recommendations

11 analysts, Oct 2026
Buy545%
Hold545%
Sell19%

Monthly trend

  1. Oct 2026325111
  2. Sep 2026325111
  3. Aug 2026324211
  4. Jul 2026324211

Counts of recommendations published by analysts covering Snap-on, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
8.4%
of tradable shares
Days to cover
12.48
at average volume
Short interest, 1 month
+3%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
2.4%
of shares
Employees
13,000
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

Recent prices are available. Older price history and the statistics that need it are being loaded in the background.

What moved the share price

Last 12 months +12.1%

$326.70 on October 31, 2025 to $366.30

Snap-on: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $5.1bn $5.3bn +4.0%
Net margin 19.7% 19.6% −0.6%
P/E multiple 17.4x 18.7x +7.3%
Share count 53m 53m +1.0%

Biggest factor: p/e multiple.

Last 3 years +46.4%

$250.20 on November 3, 2023 to $366.30

Snap-on: share-price change split into its parts
PartThenNowEffect
Revenue (last 12 months) $5.0bn $5.3bn +5.6%
Net margin 19.5% 19.6% +0.3%
P/E multiple 13.9x 18.7x +34.7%
Share count 54m 53m +2.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Snap-on: yearly return, monthly win rate and worst fall against the S&P 500
Calendar year 202120222023202420252026 to date
Return
SNA+29%+9%+30%+21%+4%+8%
Industry peers (median)+19%−15%+19%+2%+13%+3%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
SNA67%50%58%58%58%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
SNA−21%−15%−15%−13%−18%−15%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since October 29, 2015: 47% from September 21, 2018 to April 3, 2020. Getting back needed a 90% gain, reached on November 24, 2020, 235 days after the low.

Price behaviour

52-week range
$320.02 – $416.72
From 52-week high
−12.1%
vs 50-day average
−1.3%
vs 200-day average
−2.9%
Volatility (1 year)
19%
Beta vs S&P 500
0.58

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
3 up, 9 down
typical move ±5.2%
After a week
5 up, 7 down
typical move ±4.1%
After a month
3 up, 8 down
typical move ±3.4%
Snap-on: share-price change after each results release
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 −3.2% −1.7% −2.8% —
July 23, 2026 −0.5% −1.1% +0.7% −2.5%
April 23, 2026 −1.0% +0.4% +0.3% −3.5%
February 5, 2026 −3.5% +0.6% −1.1% −1.8%
October 16, 2025 +2.2% −0.1% +4.2% −0.8%
July 17, 2025 +7.6% +0.5% +5.5% +4.2%
April 17, 2025 −11.9% −2.2% −7.0% 0.0%
February 6, 2025 −4.9% −0.6% −4.6% −4.1%
October 17, 2024 +9.4% +0.4% +9.2% +19.8%
July 18, 2024 −1.8% −1.4% −0.8% +0.2%
April 18, 2024 −5.2% −1.1% −4.7% −0.9%
February 8, 2024 −10.9% +0.6% −8.7% −0.1%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How Snap-on’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: fundamentals grade B (needs B+ or better).

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: the shares trade below our fair value: a collar caps upside the model expects.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

Snap-on in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Snap-on
$5B $5.1B $5.2B $5.3B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $5.1B Revenue (TTM), FY24 Q1: $5.1B Revenue (TTM), FY24 Q2: $5.1B Revenue (TTM), FY24 Q3: $5.1B Revenue (TTM), FY24 Q4: $5.1B Revenue (TTM), FY25 Q1: $5.1B Revenue (TTM), FY25 Q2: $5.1B Revenue (TTM), FY25 Q3: $5.1B Revenue (TTM), FY25 Q4: $5.2B Revenue (TTM), FY26 Q1: $5.2B Revenue (TTM), FY26 Q2: $5.3B Revenue (TTM), FY26 Q3: $5.3B $5.3B

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $5.1B
FY24 Q1 $5.1B
FY24 Q2 $5.1B
FY24 Q3 $5.1B
FY24 Q4 $5.1B
FY25 Q1 $5.1B
FY25 Q2 $5.1B
FY25 Q3 $5.1B
FY25 Q4 $5.2B
FY26 Q1 $5.2B
FY26 Q2 $5.3B
FY26 Q3 $5.3B
Revenue growth, TTM YoY Snap-on
-2% 0% 2% 4% 6% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: 5.5% Revenue growth, TTM YoY, FY24 Q1: 3.7% Revenue growth, TTM YoY, FY24 Q2: 2.3% Revenue growth, TTM YoY, FY24 Q3: 0.9% Revenue growth, TTM YoY, FY24 Q4: 0.0% Revenue growth, TTM YoY, FY25 Q1: -0.9% Revenue growth, TTM YoY, FY25 Q2: -0.8% Revenue growth, TTM YoY, FY25 Q3: 0.2% Revenue growth, TTM YoY, FY25 Q4: 0.9% Revenue growth, TTM YoY, FY26 Q1: 3.0% Revenue growth, TTM YoY, FY26 Q2: 4.0% Revenue growth, TTM YoY, FY26 Q3: 2.9% 2.9%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 5.5%
FY24 Q1 3.7%
FY24 Q2 2.3%
FY24 Q3 0.9%
FY24 Q4 0.0%
FY25 Q1 -0.9%
FY25 Q2 -0.8%
FY25 Q3 0.2%
FY25 Q4 0.9%
FY26 Q1 3.0%
FY26 Q2 4.0%
FY26 Q3 2.9%
Operating margin (TTM) Snap-on
24.5% 25% 25.5% 26% 26.5% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Operating margin (TTM), FY23 Q4: 25.7% Operating margin (TTM), FY24 Q1: 25.9% Operating margin (TTM), FY24 Q2: 26.0% Operating margin (TTM), FY24 Q3: 26.3% Operating margin (TTM), FY24 Q4: 26.3% Operating margin (TTM), FY25 Q1: 26.0% Operating margin (TTM), FY25 Q2: 25.6% Operating margin (TTM), FY25 Q3: 25.8% Operating margin (TTM), FY25 Q4: 25.8% Operating margin (TTM), FY26 Q1: 25.5% Operating margin (TTM), FY26 Q2: 25.4% Operating margin (TTM), FY26 Q3: 24.9% 24.9%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q4 25.7%
FY24 Q1 25.9%
FY24 Q2 26.0%
FY24 Q3 26.3%
FY24 Q4 26.3%
FY25 Q1 26.0%
FY25 Q2 25.6%
FY25 Q3 25.8%
FY25 Q4 25.8%
FY26 Q1 25.5%
FY26 Q2 25.4%
FY26 Q3 24.9%
FCF margin (TTM) Snap-on
19% 20% 21% 22% 23% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 20.7% FCF margin (TTM), FY24 Q1: 21.7% FCF margin (TTM), FY24 Q2: 22.3% FCF margin (TTM), FY24 Q3: 22.2% FCF margin (TTM), FY24 Q4: 22.2% FCF margin (TTM), FY25 Q1: 21.4% FCF margin (TTM), FY25 Q2: 20.2% FCF margin (TTM), FY25 Q3: 20.1% FCF margin (TTM), FY25 Q4: 19.5% FCF margin (TTM), FY26 Q1: 20.6% FCF margin (TTM), FY26 Q2: 21.0% FCF margin (TTM), FY26 Q3: 20.4% 20.4%

Source: SEC EDGAR filings. Retrieved October 23, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 20.7%
FY24 Q1 21.7%
FY24 Q2 22.3%
FY24 Q3 22.2%
FY24 Q4 22.2%
FY25 Q1 21.4%
FY25 Q2 20.2%
FY25 Q3 20.1%
FY25 Q4 19.5%
FY26 Q1 20.6%
FY26 Q2 21.0%
FY26 Q3 20.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Snap-on took in during FY2025, followed through to profit: what it cost to make, what went on research and running the business, and what was left after tax.

  1. Revenue $5.2B
  2. Research and development $72.4M · 1.4%
  3. Other operating costs $3.8B · 72.8%
  4. Operating income $1.3B · 25.8%
  5. Income tax $294M · 5.7%
  6. Net income $1B · 19.7%
Where Snap-on's revenue went, FY2025
Revenue $5.2B
Research and development $72.4M 1.4% of revenue
Other operating costs $3.8B 72.8% of revenue
Operating income $1.3B 25.8% of revenue
Income tax $294M 5.7% of revenue
Net income $1B 19.7% of revenue

Shares of revenue. Source: Snap-on's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Snap-on: annual financial statements
Fiscal year 2009 Jan 2010 2010 Jan 2011 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Jan 2015 2015 Jan 2016 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Jan 2021 2021 Jan 2022 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Jan 2026 LTM Oct 2026
Income
Revenue 2,421 2,682 2,979 3,099 3,238 3,493 3,593 3,712 4,000 4,070 4,068 3,942 4,602 4,843 5,108 5,108 5,156 5,265
Gross profit 1,058 1,211 1,338 1,390 1,473 1,584 1,648 1,710 1,825 — — — — — — — — —
EBITDA 325 404 550 593 663 764 847 947 975 1,050 1,055 977 1,228 1,307 1,410 1,444 1,426 1,414
Operating income 251 331 475 516 586 685 765 861 882 956 962 881 1,124 1,207 1,310 1,346 1,328 1,311
Net income 134 187 276 306 350 422 479 546 558 680 694 627 821 912 1,011 1,044 1,017 1,011
Diluted EPS $2.32 $3.19 $4.71 $5.20 $5.93 $7.14 $8.10 $9.20 $9.52 $11.87 $12.41 $11.44 $14.92 $16.82 $18.76 $19.51 $19.19 $19.22
Growth (year on year)
Revenue −15.2% +10.8% +11.1% +4.1% +4.5% +7.9% +2.9% +3.3% +7.8% +1.8% −0.1% −3.1% +16.7% +5.2% +5.5% +0.0% +0.9% +2.9%
EBITDA −25.5% +24.2% +36.0% +7.9% +11.8% +15.3% +10.9% +11.7% +3.0% +7.7% +0.4% −7.3% +25.7% +6.4% +7.8% +2.4% −1.2% −0.4%
Operating income −35.5% +32.2% +43.4% +8.7% +13.5% +16.8% +11.7% +12.6% +2.4% +8.4% +0.6% −8.5% +27.6% +7.4% +8.5% +2.7% −1.3% −0.7%
Net income −43.3% +39.0% +48.2% +10.8% +14.4% +20.4% +13.5% +14.1% +2.1% +21.9% +2.0% −9.6% +30.9% +11.1% +10.9% +3.2% −2.6% −0.3%
Diluted EPS −43.0% +37.5% +47.6% +10.4% +14.0% +20.4% +13.4% +13.6% +3.5% +24.7% +4.5% −7.8% +30.4% +12.7% +11.5% +4.0% −1.6% +0.7%
Margins
Gross margin 43.7% 45.2% 44.9% 44.9% 45.5% 45.4% 45.9% 46.1% 45.6% — — — — — — — — —
EBITDA margin 13.4% 15.1% 18.5% 19.1% 20.5% 21.9% 23.6% 25.5% 24.4% 25.8% 25.9% 24.8% 26.7% 27.0% 27.6% 28.3% 27.7% 26.9%
Operating margin 10.4% 12.4% 16.0% 16.7% 18.1% 19.6% 21.3% 23.2% 22.1% 23.5% 23.7% 22.3% 24.4% 24.9% 25.7% 26.3% 25.8% 24.9%
Net margin 5.5% 7.0% 9.3% 9.9% 10.8% 12.1% 13.3% 14.7% 13.9% 16.7% 17.0% 15.9% 17.8% 18.8% 19.8% 20.4% 19.7% 19.2%
Free-cash-flow margin 11.7% 3.3% 2.3% 8.1% 9.9% 9.2% 11.9% 13.5% 13.2% 16.5% 14.1% 23.9% 19.5% 12.2% 20.7% 22.2% 19.5% 20.4%
Cash flow
Cash from operations 347 140 129 329 393 403 507 576 609 765 675 1,009 967 675 1,154 1,218 1,082 1,156
Capital spending 64 51 61 79 71 81 80 74 82 91 99 66 70 84 95 84 76 83
Free cash flow 283 89 67 250 322 323 427 502 527 674 575 943 897 591 1,059 1,134 1,006 1,074
Stock-based pay −3 15 20 32 39 38 40 31 30 27 24 20 41 34 45 29 29 31
Free cash flow after stock pay 286 74 47 218 284 284 387 471 496 646 551 924 855 557 1,015 1,105 977 1,042
Balance sheet
Cash 699 572 186 215 218 133 93 78 92 141 185 923 780 757 1,002 1,361 1,625 1,670
Total debt 1,067 1,387 1,000 981 1,085 976 899 1,010 1,187 1,132 1,353 1,451 1,200 1,201 1,200 1,213 1,219 1,223
Net debt (negative = net cash) 367 815 815 766 868 843 806 933 1,095 991 1,168 527 420 444 199 −148 −406 −447
Diluted shares 58m 58m 59m 59m 59m 59m 59m 59m 59m 57m 56m 55m 55m 54m 54m 54m 53m 53m
Returned to shareholders
Dividends 69 71 77 82 92 108 128 148 169 192 217 243 276 313 356 406 462 506
Buybacks — 9 37 78 83 79 110 120 288 284 238 174 431 198 295 290 329 359
Total returned 69 80 114 160 175 187 238 268 457 476 455 418 707 511 650 696 791 865

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

7 of 7 checks passed · October 3, 2026
What it owns · $8.7bn
Short-term assets $4.6bnLonger-term assets $4.1bn
What it owes, and who funded it · $8.6bn
Short-term liabilities $1.3bnLonger-term liabilities $1.3bnShareholders' equity $6.1bn
  • Short-term assets cover short-term liabilities $4.6bn of assets due within a year against $1.3bn of liabilities due within a year.
  • Short-term assets cover long-term liabilities $4.6bn short-term assets against $1.3bn of longer-dated liabilities.
  • More cash than debt $1.7bn of cash against $887m of debt.
  • Debt below 40% of shareholders' equity Debt is 15% of equity.
  • Debt burden no higher than five years ago Debt to equity moved from 28% to 15% over five years.
  • A year's operating cash flow covers at least 20% of debt $1.2bn of operating cash flow against $887m of debt.
  • Operating profit covers interest at least five times over Operating income of $1.3bn against $51m of interest.

From Snap-on's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$359M
Dividends (TTM)
$506M
Returned to shareholders
81%
of free cash flow
Buybacks, last 3 fiscal years
$913M
Diluted share count
−1.0%
year over year
Total shareholder yield
4.5%
dividends 2.6% + buybacks 1.9% of market value
Dividend payout ratio
50%
of net income paid out
Days sales outstanding
64 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in industrial machinery & supplies & components
Growth, margins and cash generation against peers
Last 12 months unless stated SNA MLI TKR ITT FLS LECO Median
Revenue, last 12 months $5.3bn $5.0bn $4.8bn $4.7bn $4.7bn $4.6bn $1.4bn
Revenue growth, last 12 months 2.9% 20.8% 5.5% 28.1% 0.2% 11.1% 8.3%
Revenue growth, 3-year average 1.3% 11.9% 0.0% 14.5% 3.8% 4.5% 4.0%
Revenue growth, latest quarter −0.7% 31.6% 7.5% 51.5% 5.4% 15.1% 9.1%
Gross margin 46.7% 27.7% 30.8% 35.2% 34.2% 35.5% 35.2%
Operating margin 24.9% 21.5% 10.5% 14.4% 10.0% 17.3% 13.1%
Operating margin, 3-year average 25.7% 21.7% 12.1% 16.6% 10.0% 16.9% 13.7%
Net margin 19.2% 17.3% 5.4% 8.9% 5.4% 12.4% 8.9%
Cash from operations / revenue 22.0% 15.4% 11.2% 13.4% 4.9% 14.4% 11.9%
Free-cash-flow margin 20.4% 13.8% 8.1% 10.8% 3.3% 11.0% 8.8%
Free-cash-flow margin, 3-year average 20.9% 15.8% 7.3% 12.2% 8.1% 12.3% 9.8%
Stock pay / revenue 0.6% 0.6% 0.6% 0.9% 0.9% 0.5% 0.8%
Change in share count −1.0% −1.5% −0.4% 3.4% −2.8% −1.8% −0.0%

Median of all 76 companies we cover in industrial machinery & supplies & components. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

76 industrial machinery & supplies & components companies
Measures ranked against peers
Measure Company Peer median Rank
Revenue growth Growth 2.9% 8.3% 62 of 75
Change in growth rate Growth -1.1pp +1.2pp 60 of 75
Operating margin Profitability 24.9% 13.0% 4 of 75
Net margin Profitability 19.2% 8.9% 3 of 76
Free-cash-flow margin Cash generation 20.4% 9.1% 7 of 76
Stock pay as % of revenue Cash generation 0.6% 0.8% 18 of 70
Long-term debt as % of assets Balance sheet 10.2% 23.4% 12 of 59
Change in share count Balance sheet -1.0% -0.0% 27 of 73
Days sales outstanding Balance sheet 64 days 63 days 37 of 65

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to January 3, 2026
Products and services
Line of business Revenue YoY
Product and Services Excluding Financial Services $4.7B ▲ 0.8%
Financial Service $413M ▲ 3.0%
Financial Services $413M ▲ 3.0%
Other $33.9M ▲ 13.8%
Franchise Fee Revenue $21.2M ▲ 9.3%

These categories overlap or exclude eliminations, so shares aren't shown.

Geography
Region Revenue Share YoY
United States $3.6B 70.5% ▼ 0.2%
Europe $826M 16.0% ▲ 4.0%
Other Country $695M 13.5% ▲ 3.2%

From Snap-on's 10-K filed February 12, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Reported value
$20.1B
Institutions reporting
1,061
Shares held vs prior quarter
▲ 2.6%
Positions opened / closed
101 / 81

Top buyers and sellers, Q2 2026: 480 institutions bought and 454 sold ; the biggest buyer was Charles Schwab Investment Management Inc (+157K shares) and the biggest seller Bank Of America Corp (−180K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $1.7B 4.3M 8.5% ▲ 2.6%
Vanguard Capital Management LLC $1.4B 3.4M 6.8% ▲ 0.3%
Vanguard Portfolio Management LLC $1.1B 2.7M 5.4% ▲ 0.5%
State Street Corp $948M 2.4M 4.7% ▲ 2.9%
First Trust Advisors LP $833M 2.1M 4.1% ▲ 1.8%
Charles Schwab Investment Management Inc $729M 1.8M 3.6% ▲ 9.5%
Geode Capital Management, LLC $673M 1.7M 3.3% ▲ 1.5%
Nordea Investment Management AB $558M 1.4M 2.8% ▲ 1.4%
Earnest Partners LLC $365M 908K 1.8% ▼ 1.5%
Dimensional Fund Advisors LP $362M 901K 1.8% ▲ 2.2%
Invesco Ltd. $344M 855K 1.7% ▲ 13.8%
Bank Of America Corp $330M 820K 1.6% ▼ 18.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Snap-on's complete shareholder register. Values are as reported by the filers ; 2 inconsistently scaled filing rows were excluded.

Insider trading activity

Full insider history and chart
Recent insider open-market transactions
Insider Date Trade Shares Price Value
Ozolins Marty V. Vice President & Controller August 26, 2026 Sell pre-set plan 800 $400.00 $320,000
Pinchuk Nicholas T Chairman, President and CEO August 18, 2026 Sell pre-set plan 1,640 $401.93 $659,157
Pinchuk Nicholas T Chairman, President and CEO August 18, 2026 Sell pre-set plan 3,454 $400.73 $1.4M
Pinchuk Nicholas T Chairman, President and CEO August 18, 2026 Sell pre-set plan 9,720 $399.60 $3.9M
Pinchuk Nicholas T Chairman, President and CEO August 18, 2026 Sell pre-set plan 7,475 $399.01 $3M
Pinchuk Nicholas T Chairman, President and CEO August 18, 2026 Sell pre-set plan 600 $397.50 $238,501
Pagliari Aldo John Sr VP - Finance & CFO August 13, 2026 Sell pre-set plan 40 $409.69 $16,388
Pagliari Aldo John Sr VP - Finance & CFO August 13, 2026 Sell pre-set plan 208 $406.98 $84,651
Pagliari Aldo John Sr VP - Finance & CFO August 13, 2026 Sell pre-set plan 831 $405.94 $337,334
Pagliari Aldo John Sr VP - Finance & CFO August 13, 2026 Sell pre-set plan 441 $404.95 $178,581
Pagliari Aldo John Sr VP - Finance & CFO August 13, 2026 Sell pre-set plan 2,564 $403.90 $1M
Pagliari Aldo John Sr VP - Finance & CFO August 13, 2026 Sell pre-set plan 1,447 $403.14 $583,338

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 14 trades and filings

No trades in Snap-on disclosed in the last 12 months; 14 earlier trades on record.

  • Jared Moskowitz(D-FL 23):Sale (full), $1,001 - $15,000, traded July 5, 2024, filed August 19, 2024
  • Jared Moskowitz(D-FL 23):Purchase, $1,001 - $15,000, traded July 1, 2024, filed August 6, 2024
  • Jared Moskowitz(D-FL 23):Purchase, $1,001 - $15,000, traded February 1, 2024, filed August 21, 2024

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around February 4, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 23, 2026
  • February 5, 2026
  • October 16, 2025
  • July 17, 2025

Recent SEC filings

Data status

When each part of this page on Snap-on was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Snap-on in brief

What does Snap-on do?
Snap-on is a US-listed company in the industrial machinery & supplies & components industry. Its financial year ends in December.
What is Snap-on's stock ticker?
Snap-on trades under the ticker SNA on NYSE. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Snap-on's revenue, and how fast is it growing?
Over its most recent trailing twelve months, Snap-on reported revenue of $5.3B, 2.9% higher than a year earlier, according to its SEC filings.
What is Snap-on's free cash flow?
Snap-on's free-cash-flow margin is 20.4% of revenue over the trailing twelve months, ranking 7 of the 76 industrial machinery & supplies & components companies we cover.
What is Snap-on's fair value (intrinsic value) per share?
Our discounted-cash-flow model of Snap-on's free cash flow after stock-based pay gives ~$370 per share in the base case, and ~$280–$490 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Snap-on's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Vanguard Capital Management LLC and Vanguard Portfolio Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is Snap-on buying back stock, and does it pay a dividend?
Snap-on spent $359M on share repurchases over the trailing twelve months, and its diluted share count fell 1.0% over the year.
What is Snap-on's market cap?
On November 2, 2026, Snap-on's market capitalisation was about $19.3B, with a price-to-earnings ratio of 19.1 and net debt of -$447M. Market figures come from third-party market data and may be delayed.
Does Snap-on pay a dividend?
Yes: Snap-on paid $506M in dividends over the trailing twelve months, a dividend yield of 2.65% and a payout ratio of 50.0%.
How much debt does Snap-on have?
Snap-on's debt-to-equity ratio is 14.6%, from its latest balance sheet (27.5% five years earlier). The financial health section below sets out its other solvency checks.
Who are Snap-on's competitors?
In our Industrial Machinery & Supplies & Components peer group, the companies closest to Snap-on are Mueller Industries Inc, Timken Co, ITT Inc., Flowserve Corp and Lincoln Electric Holdings Inc. The side-by-side comparison below sets their revenue, margins and growth against Snap-on's.
Are insiders buying or selling Snap-on stock?
Over the last 12 months, Snap-on's directors and officers reported 0 open-market purchases and 71 sales on Form 4. The insider trading page charts every trade.
When is Snap-on's next earnings date?
Around February 4, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Snap-on announces its own schedule.