At a glance
Stanley Black & Decker Inc is worth $16.11B, about 40 times its fiscal 2025 earnings. Revenue fell 1.5% to $15.13B in fiscal 2025, with 2.7% kept as profit; over 5 years it has grown 3.5% a year. It pays a 3.12% dividend yield, raised every year for at least 9 years, and returned $4.83B to shareholders in dividends and buybacks over FY2021–FY2025. The stock returned +64.4% over the past year with dividends reinvested and −6.8% a year over five years, against +11.5% and +11.7% for the S&P 500. At its worst it fell 55.3% in the 2020 crash (S&P 500: 33.7%) and 60.7% in the 2022 bear market (S&P 500: 24.5%).
The business in plain English
Stanley Black & Decker makes and sells tools, lawn and garden equipment, and industrial fasteners. Founded in 1843, it merged with Black & Decker in 2010. Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and CUB CADET. Revenue was $15.1 billion in fiscal 2025, the year ended January 3, 2026.
Tools & Outdoor, the larger of its two business segments, brought in $13.2 billion, or 87% of sales. It covers power tools, hand tools, drill bits and saw blades, tool storage, and outdoor gear such as mowers, trimmers and snow blowers. Customers range from professional tradespeople to do-it-yourselfers, and products are sold mainly through home centers, mass merchants, distributors and dealers. Home Depot accounted for about 15% of 2025 sales and Lowe's about 12%. The Engineered Fastening segment ($2.0 billion, or 13%) sells specialized rivets, threaded fasteners and similar parts, mostly through its own sales force, to automotive, manufacturing, electronics, construction and aerospace customers.
About 62% of 2025 revenue came from the United States, followed by Europe (16%), emerging markets (13%) and Canada (4%). Since 2022 it has sold its security, automatic door, oil and gas, and infrastructure businesses to focus on tools and fastening. In December 2025 it agreed to sell its Consolidated Aerospace Manufacturing business for $1.8 billion in cash, with proceeds earmarked for debt reduction.
Price history
The interactive chart needs JavaScript.
SWK +64.4% over the year to Nov 2, 2026, total return with dividends reinvested.
How it makes money
By business segment
| Tools & Outdoor | $13.16B | 87% |
| Engineered Fastening | $1.97B | 13% |
By geography
| U.S. Plans | $9.32B | 61.6% |
| Europe | $3.08B | 20.4% |
| Asia | $1.21B | 8% |
| Other Americas | $839.6M | 5.5% |
| Canada | $680.3M | 4.5% |
Latest results
- In Q2 FY2026 (ended Jul 4, 2026), revenue was $3.96B, up 0.4% from a year earlier, and net income was $351.3M (+244.7%).
- For fiscal 2025, revenue was $15.13B (-1.5% year over year; +3.5% a year from FY2020 to FY2025) with a 2.7% net margin.
Financial health check
| Revenue growth a year (FY2020–FY2025) | +3.5% watch |
|---|---|
| Free cash flow margin | 4.5% watch |
| Return on equity (FY2025) | 4.4% weak |
| Return on assets (FY2025) | 1.9% weak |
| Net cash (cash minus debt) | $-4.17B weak |
| Fiscal year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2020 | $12.75B | $1.23B | $1.67B |
| FY2021 | $15.28B | $1.69B | $144.0M |
| FY2022 | $16.95B | $1.06B | $-1.99B |
| FY2023 | $15.78B | $-310.5M | $852.6M |
| FY2024 | $15.37B | $294.3M | $753.0M |
| FY2025 | $15.13B | $401.9M | $687.9M |
Valuation snapshot
| Market value | $16.11B |
|---|---|
| P/E ratio | 40.3 |
| Dividend yield | 3.12% |
Rank among 1514 US companies
Market value at each year end
Stanley Black & Decker’s market value went from $17.28B at the end of 2016 to $16.11B on Nov 2, 2026, down 7%; since the end of 2025 it is up 40%.
Show as a table
| Year end | Market value | Change |
|---|---|---|
| Nov 2, 2026 | $16.11B | +40.1% |
| 2025 | $11.50B | -7.1% |
| 2024 | $12.38B | -17.7% |
| 2023 | $15.04B | +35.3% |
| 2022 | $11.11B | -63.9% |
| 2021 | $30.75B | +7.5% |
| 2020 | $28.61B | +13.6% |
| 2019 | $25.19B | +39.3% |
| 2018 | $18.09B | -30.5% |
| 2017 | $26.02B | +50.6% |
| 2016 | $17.28B |
Price behavior
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | |
|---|---|---|---|---|---|
| SWK price data to Nov 2, 2026 | +48.1% | +64.4% | +11.7% | -6.8% | +2.1% |
Show as a table
| Year | Price data |
|---|---|
| 2026 (to date) | +48.1% |
| 2025 | -3.1% |
| 2024 | -15.2% |
| 2023 | +35.5% |
| 2022 | -58.9% |
| 2021 | +7.3% |
| 2020 | +9.7% |
| 2019 | +41.1% |
| 2018 | -28.1% |
| 2017 | +50.5% |
| 2016 | +9.7% |
| 2015 | +13.4% |
| 2014 | +21.8% |
| 2013 | +11.8% |
| 2012 | +12.3% |
| 2011 | +3.5% |
| 2010 | +33.6% |
| 2009 | +56.6% |
| 2008 | -27.6% |
| 2007 | -1.4% |
| 2006 | +7.2% |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Lost 58.4% over that stretch · deepest drop along the way 58.9%, back to its old high 10 months after the low |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 55.3% over that stretch · deepest drop along the way 55.3%, back to its old high 4.6 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 58.4% over that stretch · deepest drop along the way 60.7%, not recovered by the end of the data |
Insider activity
Form 4 filings from 2025-10-29 to 2026-10-29 (25 read): 0 open-market purchases and 1 sales ($105K).
| Date | Insider | Type | Value |
|---|---|---|---|
| Aug 7, 2026 | Scot Greulach Chief Accounting Officer | sell | $105K |
Who owns it
Large shareholders (13G filings)
| Capital Research Global Investors | 7.5% | Mar 31, 2025 |
| Vanguard Capital Management | 7.35% | Mar 31, 2026 |
| T. Rowe Price Associates, Inc. | 6.3% | Sep 30, 2025 |
| BlackRock, Inc. | 6.3% | Sep 30, 2025 |
ETFs with the most weight in SWK
| VSDA VictoryShares Dividend Accelerator ETF | 1.7% |
| TEQI T. Rowe Price Equity Income ETF | 1.33% |
| TMDV ProShares Russell U.S. Dividend Growers ETF | 1.23% |
| KNG FT Vest S&P 500 Dividend Aristocrats Target Income ETF | 1.11% |
| XUDV Franklin U.S. Dividend Multiplier Index ETF | 1.09% |
| NOBL ProShares S&P 500 Dividend Aristocrats ETF | 1.03% |
| SPYD SPDR Portfolio S&P 500 High Dividend ETF | 1% |
| RSPN Invesco S&P 500 Equal Weight Industrials ETF | 0.99% |
What could go wrong
- Heavy reliance on Home Depot and Lowe's. Home Depot made up about 15% of 2025 sales and Lowe's about 12%. Losing shelf space, retailer inventory cuts, or competition from these chains' own store brands could hurt revenue.
- Reliance on Chinese rare earths and few suppliers. Some components rely on rare earth minerals from China or on cobalt, sometimes from very few suppliers. China's April 2025 export limits caused higher costs or production disruptions, and conflicts in supplier regions could too.
- Tariffs on imported goods and parts. The company imports large quantities of finished goods, components and raw materials. New tariffs, import taxes, quotas or changes to trade agreements can raise its costs and weigh on profits.
- Thin profit margin leaves little room. The company kept just 2.7% of fiscal 2025 sales as profit. A cost program delivered about $2.1 billion of annualized pre-tax savings, but success depends on continuing to raise productivity and control costs.
- Debt load and credit rating risk. As of July 4, 2026, debt was about $4.8 billion against $592 million of cash. A credit rating cut or tight lending markets could raise borrowing costs and limit access to cash.
- Economic slowdowns and currency swings. Spending on tools, outdoor equipment and fasteners falls when contractors, households and manufacturers cut back. Weak economies in the U.S. or abroad can reduce demand, and currency swings can shrink profits from foreign sales.
Recent events
- Investor presentation or announcement
- Quarterly results released
- Major agreement signed; Major agreement ended; New debt or financial obligation
- Quarterly results released
- Executive or board change; Shareholder vote results
- Investor presentation or announcement
- Investor presentation or announcement
- Quarterly results released
- Executive or board change
- Investor presentation or announcement
For income and retirement investors
Stanley Black & Decker's filings show at least nine consecutive annual dividend increases through fiscal 2025, and the true streak may be longer. Dividends per share grew from $2.78 in fiscal 2020 to $3.30 in fiscal 2025, about 3.5% a year, and the yield was 3.32% as of October 28, 2026. Coverage is thin: fiscal 2025 dividends equaled 124.6% of earnings (more than the company earned) and 72.8% of free cash flow (cash left after capital spending). Buybacks totaled $2.4 billion over fiscal 2021–2025, nearly all in 2022, and have been small since.
The stock has fallen hard in downturns: about 59% in the 2008 financial crisis and 55% in the 2020 COVID crash, regaining its prior peaks about 10 months and five months after those lows. It fell about 61% in 2022 and had not returned to its early-2022 peak as of October 28, 2026. Any single stock carries more risk than a diversified fund.
Questions investors ask
How does Stanley Black & Decker make money?
Mainly by selling tools. In fiscal 2025, its Tools & Outdoor segment, which sells power tools, hand tools, accessories and lawn equipment under brands such as DEWALT, CRAFTSMAN, STANLEY and BLACK+DECKER, brought in $13.2 billion, or 87% of the $15.1 billion total. The Engineered Fastening segment, which sells specialized fasteners to automotive, manufacturing, electronics and aerospace customers, provided the other 13%. Home Depot (about 15% of sales) and Lowe's (about 12%) are its largest customers.
Does Stanley Black & Decker raise its dividend every year?
Yes, in every year covered by its SEC filings. They show at least nine consecutive annual increases through fiscal 2025, and the true streak may be longer. The raises have been modest: dividends per share went from $2.78 in fiscal 2020 to $3.30 in fiscal 2025, about 3.5% a year. The yield was 3.32% as of October 28, 2026. The company says it remains committed, over time, to a strong and growing dividend.
Is Stanley Black & Decker's dividend covered by earnings?
Not in fiscal 2025, though free cash flow covered it. Dividends equaled 124.6% of earnings, meaning the company paid out more than its $401.9 million profit. They took 72.8% of free cash flow (the cash left after running the business and investing in equipment), which was $687.9 million. Debt was about $4.8 billion against $592 million of cash as of July 4, 2026. The company has said it intends to use proceeds from selling its CAM aerospace business to reduce debt.
How has Stanley Black & Decker stock performed?
Strongly over the past year, poorly over five years. As of October 28, 2026, the share price was up 39.3% year to date and 45.7% over one year, but it fell an average of 8.2% a year over five years and rose just 1.4% a year over 10 years. Calendar-year swings have been large, including a 58.9% drop in 2022 and a 35.5% gain in 2023. Its one-year beta, a measure of how much it moves relative to the market, was 1.3.
Why is Stanley Black & Decker selling businesses?
To simplify the company around tools, outdoor products and engineered fastening, where it says it holds leading market positions. In July 2022 it sold its electronic security business for net proceeds of $3.1 billion and its automatic doors business for $916 million, then sold its oil and gas business in August 2022. Its infrastructure business went in April 2024 for $729 million. In December 2025 it agreed to sell Consolidated Aerospace Manufacturing for $1.8 billion in cash, with net proceeds intended to reduce debt.