At a glance
Snap-On Inc is worth $18.83B, about 19 times its fiscal 2025 earnings. Revenue grew 0.9% to $5.16B in fiscal 2025, with 19.7% kept as profit; over 5 years it has grown 5.5% a year. It pays a 2.67% dividend yield, raised every year for at least 9 years, and returned $3.36B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +11.7% over the past year with dividends reinvested and +15.2% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 40.3% in the 2020 crash (S&P 500: 33.7%) and 15.3% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 7 months and 2 months after the lows.
The business in plain English
Snap-on makes and sells tools, equipment, diagnostic devices and repair information for professionals whose work leaves little room for error. Its customers include vehicle technicians and workers in aerospace, the military, natural resources and manufacturing. The company was founded in 1920 and pioneered selling tools from vans that visit mechanics at their workplace. It sells in more than 130 countries through franchisee-run vans, direct sales and distributors. Its brands include Snap-on, Blue-Point, BAHCO, Mitchell1 and John Bean.
In fiscal 2025, which ended January 3, 2026, revenue was $5.16 billion. About 92% came from products and services. The other 8% came from Financial Services, which lends to franchisees and to technicians who buy tools on extended payment plans. Tools such as wrenches, sockets, power tools and tool chests are the largest product category. Next come diagnostics, repair information and shop management systems, followed by shop equipment like wheel aligners and vehicle lifts.
Snap-on reports four segments. The Commercial & Industrial Group serves aerospace, the military and other critical industries. The Snap-on Tools Group is the van network and brought in about 38% of fiscal 2025 net revenues. The Repair Systems & Information Group serves independent repair shops and automaker dealerships. The fourth segment is Financial Services. By region, the United States produced 70.5% of revenue, Europe 16% and all other markets 13.5%.
Price history
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SNA +11.7% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By product or service
| Product And Services, Excluding Financial Services | $4.74B | 92% |
| Financial Service | $412.9M | 8% |
| Franchise Fee Revenue | $21.2M | 0.4% |
By geography
| United States | $3.64B | 70.5% |
| Europe | $825.5M | 16% |
| All other | $695.3M | 13.5% |
Latest results
- In Q3 FY2026 (ended Oct 3, 2026), revenue was $1.28B, down 0.7% from a year earlier, and net income was $243.0M (-8.4%).
- For fiscal 2025, revenue was $5.16B (+0.9% year over year; +5.5% a year from FY2020 to FY2025) with a 19.7% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +5.5% good |
|---|---|
| Operating margin | 25.8% good |
| Free cash flow margin | 19.5% good |
| Return on equity (FY2025) | 17.1% good |
| Return on assets (FY2025) | 12.1% good |
| Net cash (cash minus debt) | $446.8M good |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $3.94B | $627.0M | $943.0M |
| FY2021 | $4.60B | $820.5M | $896.5M |
| FY2022 | $4.84B | $911.7M | $591.0M |
| FY2023 | $5.11B | $1.01B | $1.06B |
| FY2024 | $5.11B | $1.04B | $1.13B |
| FY2025 | $5.16B | $1.02B | $1.01B |
Valuation snapshot
| Market value | $18.83B |
|---|---|
| P/E ratio | 19 |
| Dividend yield | 2.67% |
Rank among 1514 US companies
Market value at each year end
Snap-On’s market value went from $9.94B at the end of 2016 to $18.83B on Nov 2, 2026, up 89%; since the end of 2025 it is up 5%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $18.83B | +5.1% |
| 2025 | $17.92B | +0.5% |
| 2024 | $17.83B | +16.9% |
| 2023 | $15.24B | +25.5% |
| 2022 | $12.15B | +5.0% |
| 2021 | $11.57B | +24.7% |
| 2020 | $9.28B | -0.1% |
| 2019 | $9.29B | +13.8% |
| 2018 | $8.16B | -17.9% |
| 2017 | $9.94B | -0.0% |
| 2016 | $9.94B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| SNA price data to Nov 2, 2026 | +8.0% | +11.7% | +14.5% | +15.2% | +11.8% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +8.0% |
| 2025 | +4.3% |
| 2024 | +20.6% |
| 2023 | +29.7% |
| 2022 | +8.9% |
| 2021 | +28.8% |
| 2020 | +4.0% |
| 2019 | +19.5% |
| 2018 | -14.8% |
| 2017 | +3.6% |
| 2016 | +1.5% |
| 2015 | +27.1% |
| 2014 | +26.8% |
| 2013 | +41.1% |
| 2012 | +59.4% |
| 2011 | -8.4% |
| 2010 | +37.6% |
| 2009 | +11.4% |
| 2008 | -16.3% |
| 2007 | +3.5% |
| 2006 | +30.1% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 55.8% over that stretch · deepest drop along the way 65.8%, back to its old high 21.4 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 39.1% over that stretch · deepest drop along the way 40.3%, back to its old high 6.5 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 0.7% over that stretch · deepest drop along the way 15.3%, back to its old high 1.8 months after the low |
Insider activity
Form 4 filings from 2025-10-31 to 2026-10-31 (25 read): 0 open-market purchases and 50 sales ($44.4M), 41 of them under pre-arranged 10b5-1 trading plans.
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 18, 2026 | Nicholas T Pinchuk Chairman, President and CEO, Director | sell (plan) | $3.9M |
| Jul 28, 2026 | Timothy L Chambers Sr VP & Pres - Tools | sell (plan) | $3.8M |
| Aug 18, 2026 | Nicholas T Pinchuk Chairman, President and CEO, Director | sell (plan) | $3.0M |
| May 5, 2026 | Nicholas T Pinchuk Chairman, President and CEO, Director | sell (plan) | $2.6M |
| May 5, 2026 | Nicholas T Pinchuk Chairman, President and CEO, Director | sell (plan) | $2.6M |
Who owns it
Large shareholders (13G filings)
| Vanguard Capital Management | 7.48% | Mar 31, 2026 |
| First Trust Portfolios L.P. | 5.17% | Jun 30, 2026 |
| Vanguard Portfolio Management | 5.13% | Mar 31, 2026 |
ETFs with the most weight in SNA
| SMIG Bahl & Gaynor Small/Mid Cap Income Growth ETF | 4.31% |
| KONG Formidable Fortress ETF | 3.35% |
| DDIV First Trust Dorsey Wright Momentum & Dividend ETF | 2.58% |
| RDVY First Trust Rising Dividend Achievers ETF | 2.28% |
| RDVI FT Vest Rising Dividend Achievers Target Income ETF | 2.28% |
| IPDP Dividend Performers ETF | 2.24% |
| QVAL Alpha Architect U.S. Quantitative Value ETF | 2.13% |
| SPDV AAM S&P 500 High Dividend Value ETF | 1.99% |
What could go wrong
- Heavy reliance on franchisee-run tool vans. The Snap-on Tools Group, about 38% of fiscal 2025 revenue, depends on franchisees. If they struggle or relationships sour, routes can go unserved, collections can fall and loan losses can rise.
- Changes in how vehicles get repaired. Demand depends on aging vehicles, vehicle complexity and the number of cars on the road. Fewer privately driven cars, or failure to keep up with new drivetrains and driver-assistance systems, could cut sales.
- Lending to customers adds credit risk. Financial services provided $413 million, or 8% of fiscal 2025 revenue. If technicians or franchisees fail to repay, losses could exceed money set aside for bad loans, and tighter credit could hurt tool sales.
- Competition and the need for new products. The tool, equipment and diagnostics industries are competitive. Rivals' products may reach market first, cost less or make Snap-on's obsolete, and new Snap-on products may not catch on.
- Material costs and factory disruptions. Snap-on makes most of its own tools. Inflation and shortages of raw materials, components and energy have affected its costs and supplies before and could again, as could disruptions at its factories.
- Trade, politics and currency swings abroad. Europe supplied 16% of fiscal 2025 revenue and other regions outside the US 13.5%. Trade restrictions, political upheaval and currency swings can reduce sales and shrink profits when converted to dollars.
Recent events
- Quarterly results released
- Quarterly results released
- Shareholder vote results
- Quarterly results released
- Quarterly results released
For income and retirement investors
Snap-on's dividend rose every year from fiscal 2016 to fiscal 2025, at least nine straight increases, and the true streak may be longer. Dividends per share grew from $4.47 in fiscal 2020 to $8.86 in fiscal 2025, about 14.7% a year. Fiscal 2025 dividends used 45.5% of earnings and 46% of free cash flow (cash left after running and investing in the business). From fiscal 2021 through 2025, the company paid $1.81 billion in dividends and spent $1.54 billion buying back its own shares. The dividend yield was 2.74% as of October 28, 2026.
The shares have fallen hard in crises. They dropped 65.8% from May 2008 to March 2009 and took until December 2010 to recover. In the 2020 COVID crash they fell 40.3% but were back at their peak by October 2020. In the 2022 bear market the worst drop was 15.3%, made up within two months. Single stocks carry more risk than diversified funds, since one company's problems are not offset by other holdings.
Questions investors ask
How does Snap-on make money?
Snap-on makes most of its money selling tools, diagnostic devices, repair information and shop equipment to professional mechanics and industrial workers. In fiscal 2025, which ended January 3, 2026, revenue was $5.16 billion. About 92% came from products and services sold through franchisee-run vans, direct sales and distributors. The other 8% came from Financial Services, which lends to franchisees and lets technicians pay for tools over time. Franchise fees were a small piece at $21.2 million.
Does Snap-on raise its dividend every year?
Yes, in every year covered by its SEC filings. Dividends per share rose in each fiscal year from 2016 through 2025. That makes at least 9 straight increases, and the true streak may be longer. The dividend grew from $4.47 per share in fiscal 2020 to $8.86 in fiscal 2025, about 14.7% a year. The fiscal 2025 dividend used about 45.5% of earnings. The yield was 2.72% as of October 29, 2026. Past raises do not guarantee future ones.
Does Snap-on have a lot of debt?
No. Snap-on holds more cash than debt. As of October 3, 2026, it had about $1.67 billion in cash and investments and $1.22 billion in total debt, which leaves net cash of roughly $447 million. Shareholders' equity was $6.09 billion. One wrinkle is that Financial Services lends money to customers and franchisees, so loan losses matter as well as debt. The company lists credit-market trouble, higher leverage and customers who can't repay among its risk factors.
How did Snap-on stock hold up in past market crashes?
The stock fell hard in past crashes but recovered each time. In the 2008 financial crisis, the shares dropped 65.8% from peak to low and took about 21 months to recover. In the 2020 COVID crash they fell 40.3% and recovered in about 6.5 months. In the 2022 bear market the drop was 15.3%, and the stock made it back in about 1.8 months. Beta measures how much a stock moves with the overall market. Snap-on's beta was 0.53 for the year to October 29, 2026.
What are the biggest risks of owning Snap-on stock?
The biggest risks are Snap-on's reliance on the vehicle repair market and on its franchisees. The Snap-on Tools Group, which sells through franchisee vans, brought in about 38% of net revenues in fiscal 2025. Struggling franchisees could hurt both sales and loan collections. Growth has also slowed. Revenue rose 0.9% in fiscal 2025 and fell 0.7% from a year earlier in the quarter ended October 3, 2026, when net income fell 8.4%. Competition, raw material costs and currency swings are other listed risks.