SNA Snap-on Inc

Overview and Growth

Snap-on Inc generated $5.16B of revenue in fiscal 2025, with net income of $1.02B and an operating cash inflow of $1.08B. Revenue of $5.16B sets the scale for evaluating how effectively sales translated into profit and cash during the year. Revenue was 0.9% above fiscal 2024 revenue of $5.11B, marking a year-over-year increase. The company reported diluted EPS of $19.19, adding a shareholder-level measure to the absolute income figures considered below. The per-share result recorded a 1.6% decrease from fiscal 2024 diluted EPS of $19.51. At period end, total assets were $8.41B, framing the scale of the company’s operating and financing commitments. Revenue equaled 0.61x of total assets, indicating how much reported top-line activity the company produced relative to its period-end asset base.

Profitability

Operating income was $1.33B, the earnings remaining from reported operations after the company’s recognized operating cost structure. Relative to revenue, operating income represented 25.8%, showing how efficiently sales converted into operating profit. Net income came to $1.02B, completing the progression from revenue through gross and operating profitability to the final reported result. Net margin was 19.7%, meaning that this portion of revenue remained as net income after all recognized expenses. Before income taxes, the company reported $1.34B of earnings, providing a bridge between the operating result and final net income. Pretax income represented 25.9% of revenue, placing earnings before tax in the context of the company’s operating scale. Income tax expense totaled $293.60M, providing the reported tax component that separates pretax and after-tax earnings. The income-tax provision equaled 22.0% of pretax income, showing the tax burden absorbed by the year’s earnings. Net income equaled 17.1% of period-end equity, showing the earnings generated on shareholders’ book capital. The net-income-to-assets relationship measured 12.1%, showing earnings relative to the full balance sheet. Against $1.04B in fiscal 2024, the current $1.02B bottom line finished below the prior-year result in absolute terms.

Liquidity and Capital Structure

At period end, the $8.41B asset base was financed through $2.46B of liabilities and $5.96B of equity. At period end, current assets of $4.40B compared with current liabilities of $918.50M, defining the company’s short-term resource position. Current assets covered current liabilities by 4.79x, leaving a positive buffer for near-term obligations. The company held $1.62B in cash and equivalents, a narrower liquidity measure than total current assets. The cash balance equaled 176.9% of current liabilities, showing how much near-term coverage came from cash alone. Total debt was $1.19B, establishing the amount of borrowing carried within the company’s capital structure. Against book equity, debt measured 0.2x, placing the company’s financial leverage in clear balance-sheet terms. The debt-to-assets relationship was 14.1%, comparing borrowing with the total asset balance. Book equity represented 70.8% of total assets, quantifying the balance-sheet share supported by shareholder capital. Liabilities represented 29.2% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 19.3%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 6.5% from $7.90B in fiscal 2024, leaving current total assets higher year over year. Reported equity changed 10.0% from $5.42B in fiscal 2024, placing the current capital base higher year over year. Cash and equivalents were 19.4% higher than fiscal 2024 cash of $1.36B, showing the year-over-year change in liquid resources.

Cash Flow and Earnings Quality

The company reported $1.08B of operating cash flow, a cash inflow that shows the cash generated by operations. The operating-cash-flow-to-net-income relationship was 1.06x, comparing cash generated by operations with the bottom-line earnings result.

Based on the annual report for the fiscal year ending Jan 3, 2026. Analysis generated Oct 21, 2026.