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Snap-on
(NYSE:SNA)
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Rating:77Outperform
Price Target:
$461.00
▲(14.08% Upside)
Action:Reiterated
Date:07/23/26
The score is driven primarily by strong financial quality—durable margins, low leverage, and consistently high ROE—partly offset by weakening near-term growth and negative free-cash-flow momentum. Technicals add support given the stock’s position above key moving averages with neutral momentum readings, while valuation is fair with a solid dividend yield but a mid-range P/E. The earnings call was a modest positive on record sales, improving profitability in key segments, and strong capital return, tempered by FX/tariff/material cost headwinds and continued demand uncertainty.
Positive Factors
Sustained high profitability
Snap-on’s consistently strong margins across gross, EBIT and net lines reflect pricing power, premium product mix and operational leverage. Durable margins give flexibility to invest in R&D, weather cost shocks, and sustain returns even if revenue growth moderates over the next several quarters.
Negative Factors
Flattening revenue trajectory
Revenue stagnation over multiple years limits scalability and makes it harder to grow earnings without further margin expansion or M&A. If end-market demand remains soft, sustaining high ROE and funding strategic initiatives may increasingly rely on cost actions or inorganic growth.
Read all positive and negative factors
Positive Factors
Negative Factors
Sustained high profitability
Snap-on’s consistently strong margins across gross, EBIT and net lines reflect pricing power, premium product mix and operational leverage. Durable margins give flexibility to invest in R&D, weather cost shocks, and sustain returns even if revenue growth moderates over the next several quarters.
Read all positive factors
Snap-on Key Performance Indicators (KPIs)
Any
Gross Profit by Segment
Indicates the profit generated from sales after subtracting the cost of goods sold for each segment, shedding light on the core profitability of different business areas.
Indicates the profit generated from sales after subtracting the cost of goods sold for each segment, shedding light on the core profitability of different business areas.
Data provided by:
The Fly
The FlySnap-on (SNA) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$21.23B
Dividend Yield2.31%
Average Volume (3M)381.91K
Price to Earnings (P/E)20.6
Beta (1Y)0.71
Revenue Growth4.02%
EPS Growth4.39%
CountryUS
Employees13,000
SectorIndustrials
Sector Strength72
IndustryManufacturing - Tools & Accessories
Share Statistics
EPS (TTM)19.92
Shares Outstanding51,727,123
10 Day Avg. Volume419,136
30 Day Avg. Volume381,908
Financial Highlights & Ratios
PEG Ratio-10.81
Price to Book (P/B)3.08
Price to Sales (P/S)3.55
P/FCF Ratio18.18
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$445.20Price Target Upside10.17% Upside
Rating ConsensusStrong Buy
Number of Analyst Covering5
EPS Forecast (FY)19.76
Revenue Forecast (FY)$4.94B
Snap-on Business Overview & Revenue Model
Company Description
Snap-on Incorporated, a global provider based in Kenosha, Wisconsin, specializes in the production and distribution of an extensive range of tools, equipment, diagnostic systems, and repair information solutions for professional users worldwide. T...
How the Company Makes Money
Snap-on makes money primarily by selling tools, equipment, and associated services to professional technicians and enterprises, using multiple go-to-market models that generate revenue across product sales, consumables, and financing.
1) Product ...
Snap-on Earnings Call Summary
Earnings Call Date:Apr 23, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Positive
The call presented a predominantly positive performance: record first-quarter sales, organic growth, EPS improvement, strong C&I revenue expansion and notable margin and operating income gains in the Tools Group. Management emphasized successful product launches, strategic investments in AI and proprietary data, and a strong balance sheet with active capital return. Offsetting these positives were persistent macro pressures — unfavorable FX, tariffs and higher material costs — which compressed margins in parts of the business, along with softer diagnostics/OEM activity and modest weakness in Financial Services. Overall, highlights outweigh the lowlights, but management remains cautious about ongoing uncertainty and technician reticence.Positive Updates
Record First-Quarter Sales and Organic Growth
Consolidated sales of $1.2072 billion, up 5.8% as reported and up 3.4% organically — the highest first-quarter sales ever and the second-highest quarterly sales in company history.
Negative Updates
Currency Headwinds Pressuring Margins
Unfavorable foreign currency impacts of roughly 40–60 basis points across corporate and segments reduced operating margins and diluted some benefits from volume and RCI savings.
Read all updates
Q1-2026 Updates
Positive
Negative
Record First-Quarter Sales and Organic Growth
Consolidated sales of $1.2072 billion, up 5.8% as reported and up 3.4% organically — the highest first-quarter sales ever and the second-highest quarterly sales in company history.
Read all positive updates
Company Guidance
Guidance items called out on the call: management expects corporate costs of about $28 million per quarter, capital expenditures of roughly $100 million for 2026, and a full‑year effective tax rate of 22–23% (noting 2025 EPS included a $0.31 nonrecurring RS&I benefit). On capital allocation, Q1 dividends were $126.8 million and the company repurchased 267,000 shares for $99.9 million, leaving $234.1 million available under the current buyback authorization; cash on hand was $1.753 billion with more than $900 million undrawn on the credit facility. Financial Services metrics: $101.1 million revenue and $68.0 million operating earnings in Q1, $2.5 billion gross financing receivables ($2.1B U.S.), U.S. 60+‑day delinquency of 1.9% (down 10 bps YoY, 20 bps QoQ), trailing 12‑month net losses of $72.9 million (3.75% of outstandings), Q1 originations of $264.6 million (‑1%), and average yields of 17.6% on finance receivables and 9.1% on contract receivables.Snap-on Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
71
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 5.07B | 5.16B | 5.11B | 5.11B | 4.84B | 4.60B |
| Gross Profit | 2.60B | 2.67B | 2.65B | 2.62B | 2.45B | 2.38B |
| EBITDA | 1.50B | 1.48B | 1.52B | 1.48B | 1.35B | 1.24B |
| Net Income | 1.03B | 1.02B | 1.04B | 1.01B | 911.70M | 820.50M |
Balance Sheet | ||||||
| Total Assets | 8.64B | 8.41B | 7.90B | 7.54B | 6.97B | 6.76B |
| Cash, Cash Equivalents and Short-Term Investments | 1.64B | 1.62B | 1.36B | 1.00B | 757.20M | 780.00M |
| Total Debt | 1.28B | 1.33B | 1.29B | 1.28B | 1.27B | 1.25B |
| Total Liabilities | 2.57B | 2.46B | 2.48B | 2.45B | 2.47B | 2.56B |
| Stockholders Equity | 6.04B | 5.93B | 5.39B | 5.07B | 4.48B | 4.18B |
Cash Flow | ||||||
| Free Cash Flow | 1.05B | 1.01B | 1.13B | 1.06B | 591.00M | 896.50M |
| Operating Cash Flow | 1.12B | 1.08B | 1.22B | 1.15B | 675.20M | 966.60M |
| Investing Cash Flow | -218.80M | -73.10M | -204.10M | -331.80M | -206.20M | -290.40M |
| Financing Cash Flow | -837.20M | -749.90M | -649.80M | -572.90M | -485.00M | -818.80M |
Snap-on Technical Analysis
Positive
404.12
Price Trends
395.91
Positive
382.36
Positive
367.21
Positive
Market Momentum
5.23
Negative
60.87
Neutral
80.86
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SNA, the sentiment is Positive. The current price of 404.12 is below the 20-day moving average (MA) of 408.06, above the 50-day MA of 395.91, and above the 200-day MA of 367.21, indicating a bullish trend. The MACD of 5.23 indicates Negative momentum. The RSI at 60.87 is Neutral, neither overbought nor oversold. The STOCH value of 80.86 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for SNA.
Snap-on Risk Analysis
Snap-on disclosed 26 risk factors in its most recent earnings report. Snap-on reported the most risks in the "Ability to Sell" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Snap-on Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | $21.23B | 20.60 | 17.41% | 2.34% | 4.02% | 4.39% | |
72 Outperform | $9.56B | 31.12 | 8.13% | 1.00% | 3.31% | -5.18% | |
70 Outperform | $14.24B | 25.87 | 37.21% | 1.24% | 9.14% | 12.52% | |
70 Outperform | $17.44B | 54.21 | 9.66% | ― | 17.31% | 27.05% | |
68 Neutral | $14.28B | 23.18 | 6.90% | 3.64% | 0.57% | 29.85% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
58 Neutral | $2.59B | 18.98 | 10.46% | 2.27% | 7.16% | 28.79% |
* Industrials Sector Average
SNA
Snap-on
418.85
106.50
34.10%
KMT
Kennametal
34.16
14.74
75.89%
LECO
Lincoln Electric Holdings
279.37
41.10
17.25%
RBC
RBC Bearings
572.17
167.51
41.40%
SWK
Stanley Black & Decker
103.27
37.53
57.08%
TKR
Timken Company
131.32
58.31
79.86%
Snap-on Corporate Events
Executive/Board ChangesShareholder Meetings
Snap-on Shareholders Back Board, Pay and Auditor Slate
Positive
May 1, 2026
On April 30, 2026, Snap-on shareholders held the company’s 2026 annual meeting, where they elected 10 directors, including Chairman and CEO Nicholas T. Pinchuk, to one-year terms ending at the 2027 annual meeting. The voting results showed s...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.