Snap-on income statement
In fiscal 2025, Snap-on reported revenue of $5.16bn, up 0.9% on the year before, operating income of $1.33bn (a 25.8% margin) and net income of $1.02bn, or $19.19 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2009Jan 2010 | 2010Jan 2011 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Jan 2015 | 2015Jan 2016 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Jan 2021 | 2021Jan 2022 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Jan 2026 | LTMOct 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 |
| Cost of revenue | 1,305 | 1,408 | 1,516 | 1,548 | 1,584 | 1,693 | 1,705 | 1,721 | 1,862 | — | — | — | — | — | — | — | — | — |
| Gross profit | 1,058 | 1,211 | 1,338 | 1,390 | 1,473 | 1,584 | 1,648 | 1,710 | 1,825 | — | — | — | — | — | — | — | — | — |
| Research and development | 37 | 38 | 41 | 45 | 48 | 52 | 49 | 53 | 61 | 61 | 59 | 57 | 61 | 60 | 65 | 67 | 72 | — |
| 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 |
| Interest expense | 48 | 55 | 61 | 56 | 56 | 53 | 52 | 52 | 52 | 50 | 49 | 54 | 53 | 47 | 50 | 50 | 51 | 51 |
| Provision for credit losses | — | — | 13 | 19 | 20 | 27 | 32 | 44 | 55 | 58 | 50 | 55 | 32 | 38 | 57 | 71 | 73 | 69 |
| Income before tax | 205 | 277 | 413 | 460 | 526 | 631 | 711 | 801 | 822 | 910 | 922 | 835 | 1,087 | 1,203 | 1,328 | 1,373 | 1,336 | 1,324 |
| Income tax | 63 | 88 | 134 | 148 | 167 | 200 | 221 | 244 | 251 | 214 | 212 | 189 | 247 | 269 | 293 | 304 | 294 | 287 |
| 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 |
| Diluted shares (average) | 58m | 58m | 59m | 59m | 59m | 59m | 59m | 59m | 59m | 57m | 56m | 55m | 55m | 54m | 54m | 54m | 53m | 53m |
| 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 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Jan 2026 | 2026 Q1Apr 2026 | 2026 Q2Jul 2026 | 2026 Q3Oct 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,299 | 1,243 | 1,281 | 1,292 | 1,340 | 1,308 | 1,335 | 1,282 |
| Operating income | 332 | 313 | 327 | 347 | 340 | 319 | 336 | 316 |
| Interest expense | 12 | 12 | 12 | 12 | 13 | 12 | 12 | 13 |
| Provision for credit losses | 21 | 18 | 18 | 18 | 19 | 18 | 17 | 15 |
| Income before tax | 339 | 315 | 329 | 349 | 342 | 323 | 339 | 319 |
| Income tax | 75 | 69 | 73 | 78 | 75 | 70 | 73 | 70 |
| Net income | 258 | 241 | 250 | 265 | 261 | 247 | 261 | 243 |
| Diluted EPS | $4.82 | $4.51 | $4.72 | $5.02 | $4.95 | $4.69 | $4.96 | $4.64 |
| EBITDA | 375 | 332 | 346 | 367 | 382 | 339 | 357 | 337 |
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