Snap-on Incorporated
- Open
- 414.46
- Day high
- 419.68
- Day low
- 408.87
- Prev close
- 414.97
- Volume
- 445K
- Mkt cap
- $21.3B
- P/E (TTM)
- 20.9
- EPS (TTM)
- $19.68
- P/B
- 3.6
- P/S
- 4.2
- Yield
- 1.19%
- Per share
- $4.88
- ▼Insiders net selling -$14.0M over the last 3 months (0 open-market buys, 18 sales)
- 🏛Institutions mixed (13F)
Snap-on Incorporated (SNA) is a Industrials company listed on NYSE. The stock is up 22% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 18 sales (SEC Form 4).
Snap-on Incorporated (SNA) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 2 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
SNA earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 23, 2026 | $4.68 | $4.69 | +0.2% | $1.2B | +2.5% |
| Feb 5, 2026 | $4.86 | $4.94 | +1.6% | $1.3B | +11.9% |
| Oct 16, 2025 | $4.64 | $4.71 | +1.5% | $1.3B | +11.4% |
| Jul 17, 2025 | $4.63 | $4.72 | +1.9% | $1.3B | +10.8% |
| Apr 17, 2025 | $4.81 | $4.51 | -6.2% | $1.1B | -4.6% |
| Feb 6, 2025 | $4.78 | $4.82 | +0.8% | $1.2B | +0.2% |
| Oct 17, 2024 | $4.59 | $4.70 | +2.4% | $1.1B | -0.9% |
| Jul 18, 2024 | $4.94 | $5.07 | +2.6% | $1.3B | +6.9% |
| Apr 18, 2024 | $4.64 | $4.75 | +2.4% | $1.3B | +6.7% |
| Feb 8, 2024 | $4.66 | $4.75 | +1.9% | $1.3B | +7.6% |
| Oct 19, 2023 | $4.44 | $4.51 | +1.6% | $1.2B | +1.6% |
| Jul 20, 2023 | $4.58 | $4.89 | +6.8% | $1.2B | +0.1% |
SNA insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jul 2, 2026 | Miller Richard Thomasofficer: VP, Gen Counsel & Secretary | Option | 2,000 | $155.92 |
| Jul 2, 2026 | Miller Richard Thomasofficer: VP, Gen Counsel & Secretary | Sell | 2,000 | $405.92 |
| Jun 11, 2026 | Arregui Jesusofficer: Sr VP & President - Commercial | Sell | 602 | $384.55 |
| Jun 11, 2026 | Arregui Jesusofficer: Sr VP & President - Commercial | Sell | 573 | $382.84 |
| Jun 11, 2026 | Miller Richard Thomasofficer: VP, Gen Counsel & Secretary | Sell | 427 | $389.55 |
| Jun 11, 2026 | Arregui Jesusofficer: Sr VP & President - Commercial | Sell | 400 | $385.83 |
| Jun 11, 2026 | Arregui Jesusofficer: Sr VP & President - Commercial | Option | 7,500 | $168.70 |
| Jun 11, 2026 | Arregui Jesusofficer: Sr VP & President - Commercial | Sell | 2,676 | $383.72 |
| Jun 4, 2026 | Pagliari Aldo Johnofficer: Sr VP - Finance & CFO | Sell | 1,330 | $379.27 |
| May 14, 2026 | Pagliari Aldo Johnofficer: Sr VP - Finance & CFO | Sell | 1,674 | $367.96 |
| May 14, 2026 | Pagliari Aldo Johnofficer: Sr VP - Finance & CFO | Option | 8,000 | $168.70 |
| May 14, 2026 | Pagliari Aldo Johnofficer: Sr VP - Finance & CFO | Sell | 3,029 | $367.09 |
| May 14, 2026 | Pagliari Aldo Johnofficer: Sr VP - Finance & CFO | Sell | 1,010 | $366.20 |
| May 5, 2026 | PINCHUK NICHOLAS Tdirector, officer: Chairman, President and CEO | Sell | 3,795 | $374.77 |
| May 5, 2026 | PINCHUK NICHOLAS Tdirector, officer: Chairman, President and CEO | Sell | 640 | $371.28 |
Source: SNA SEC Form 4 filings, latest Jul 2, 2026. For informational purposes only — not investment advice.
See the full SNA insider & 13F page →Snap-on Incorporated company profile
Overview
Snap-on Incorporated (NYSE:SNA) is a century-old American industrial manufacturer founded in 1920 and headquartered in Kenosha, Wisconsin. The company has evolved from its origins as a socket wrench manufacturer into a comprehensive provider of professional-grade tools, diagnostic equipment, and repair solutions. Today, Snap-on serves professional technicians and mechanics worldwide through its unique franchise-based distribution model, complemented by direct sales to commercial and industrial customers. The company went public in 1991 and has established itself as a premium brand in the professional tool and automotive service equipment industry.
Business
Snap-on operates in the professional tools and automotive service equipment industry, serving mechanics, technicians, and industrial professionals who require high-quality, precision tools for their work. The company's business is organized into four main segments: Snap-on Tools Group (approximately 43% of revenue) represents the company's flagship franchise business, selling hand tools, power tools, and tool storage solutions through a network of independent franchisees who operate mobile tool trucks and vans. These franchisees visit automotive repair shops, dealerships, and industrial facilities on regular routes, providing tools directly to professional technicians. The product line includes wrenches, sockets, ratchets, pliers, screwdrivers, cordless and pneumatic power tools, and comprehensive tool storage systems like tool chests and roll cabinets. Repair Systems & Information Group (RS&I) (approximately 38% of revenue) focuses on diagnostic equipment and repair information systems for the automotive service industry. This segment provides handheld and computer-based diagnostic tools that help technicians identify vehicle problems, electronic parts catalogs, business management software for repair shops, and comprehensive databases of repair procedures and technical information. The division also offers specialized equipment like wheel alignment machines, tire changers, vehicle lifts, and brake service equipment. Commercial & Industrial Group (C&I) (approximately 32% of revenue) serves critical industries including aviation, aerospace, defense, power generation, and manufacturing through direct sales channels. This segment provides specialized tools, torque equipment, and custom tool solutions for applications requiring extreme precision and reliability. Products include torque wrenches, multipliers, and custom tool kits designed for specific industrial applications. Financial Services (approximately 8% of revenue) facilitates sales across all segments by providing financing programs for customers purchasing tools and equipment, supporting the franchise network with working capital solutions, and offering extended payment terms that make expensive diagnostic equipment and tool storage more accessible to professional technicians.
Revenue model
Snap-on generates revenue through multiple complementary business models. The primary revenue stream comes from product sales across all segments, with the Tools Group operating through a unique franchise model where independent franchisees purchase inventory from Snap-on and sell directly to end customers, earning commissions on sales while Snap-on profits from wholesale margins. The RS&I and C&I segments operate through direct sales to customers, typically involving higher-margin specialized equipment and solutions. The Financial Services segment generates revenue through interest income on customer financing, loan origination fees, and extended warranty products. This segment enhances overall profitability by facilitating sales of higher-ticket items that customers might otherwise defer, while also creating recurring revenue streams through multi-year financing arrangements. Several factors influence Snap-on's margins and profitability. Positive margin drivers include the company's premium brand positioning allowing for higher pricing, the increasing complexity of modern vehicles requiring more sophisticated diagnostic tools, growing demand from critical industries requiring precision tools, and the recurring nature of tool replacement in professional settings. The franchise model also provides margin advantages by transferring inventory and credit risks to franchisees while maintaining wholesale pricing power. Margin pressures come from raw material cost inflation affecting manufacturing expenses, economic uncertainty causing technicians to delay large purchases in favor of quick-payback items, competitive pressure in certain tool categories, and the need for continuous investment in research and development to maintain technological leadership. Currency fluctuations also impact international operations, while supply chain disruptions can increase costs and affect product availability.
Competitive moat
Snap-on possesses a strong economic moat built on several sustainable competitive advantages. The company's most significant moat is its brand strength and customer loyalty among professional technicians who view Snap-on tools as essential investments in their careers. Professional mechanics often develop strong brand preferences based on tool reliability, precision, and durability, creating switching costs that go beyond mere price considerations. The franchise distribution model creates another layer of competitive protection by establishing direct relationships between franchisees and customers through regular route visits. This system provides superior customer service, immediate product availability, and personal relationships that are difficult for competitors to replicate. The franchise network also creates barriers to entry, as establishing a comparable distribution system would require significant capital and time investment. Product innovation and technological leadership in diagnostic equipment represents another moat element, particularly as vehicle complexity increases with electric and hybrid technologies. Snap-on's extensive databases of repair information and diagnostic procedures, built over decades, create switching costs for repair shops that rely on these systems for daily operations. However, the moat faces potential challenges from changing industry dynamics. The transition to electric vehicles could disrupt traditional automotive repair patterns, potentially reducing demand for certain tool categories. Online tool retailers and direct-to-consumer brands present pricing pressure, particularly for commodity tool items. Additionally, economic downturns can pressure customers to seek lower-cost alternatives, though Snap-on's focus on professional users typically provides more stability than consumer markets.
Risks & safety
Snap-on demonstrates a strong margin of safety with robust financial metrics and conservative capital structure. • Liquidity and Solvency: Strong current ratio of 4.14x, quick ratio of 3.18x, and $1.36 billion in cash and short-term investments provide substantial financial flexibility. Debt-to-equity ratio of 0.24x indicates conservative leverage. • Cash Generation: Consistent free cash flow generation of approximately $1.1 billion annually (24% of revenue), with operating cash flow of $1.2 billion supporting dividend payments and share repurchases without financial strain. • Valuation Metrics: Trading at 17.3x P/E ratio and 11.8x EV/EBITDA, representing reasonable valuations for a quality industrial company with strong brand moats. Graham number of 214 suggests the stock may be fairly valued relative to intrinsic metrics. • Profitability: ROE of 19.4% and consistent operating margins above 20% demonstrate strong operational efficiency and pricing power. • Other Considerations: Minimal capital expenditure requirements relative to cash flow, recession-resistant end markets in critical industries, and established dividend history with regular increases.
Recent development
Over the past few years, Snap-on has undertaken several strategic initiatives to adapt to changing market conditions and customer preferences. The most significant development has been the Tools Group pivot strategy, where management recognized that economic uncertainty was causing technicians to prefer quick-payback, lower-priced items over large-ticket tool storage and diagnostic equipment. In response, the company shifted manufacturing focus toward hand tools, smaller storage carts, and entry-level diagnostic equipment while reducing emphasis on expensive tool chests and advanced diagnostic platforms. Product innovation has accelerated across all segments, with notable launches including the APOLLO+ diagnostic platform for automotive repair, the V4400 Commander wheel alignment machine, and specialized torque tools for critical industries. The company has also invested in artificial intelligence and natural language processing to improve diagnostic databases and repair information systems, making these tools more intuitive for technicians. Manufacturing expansion has been a key focus, with facility expansions in Milwaukee (25% capacity increase), Algona, and Elizabethton to support the product mix shift and improve operational efficiency. The company has also embraced new marketing approaches, including social media engagement and shorter video content to reach younger technicians, while maintaining support for its traditional franchise network. In the Commercial & Industrial segment, Snap-on has expanded its presence in defense, aviation, and power generation industries, developing customized tool solutions and precision torque equipment for applications requiring extreme reliability and documentation. The Financial Services segment has adapted to provide more flexible financing options aligned with customers' preference for shorter-term, lower-risk investments.
SNA company profile · for informational purposes only — not investment advice.
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