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Snap-on
(NYSE:SNA)
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Rating:73Outperform
Price Target:
$450.00
▲(11.35% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by strong underlying fundamentals—durable margins, low leverage, and solid returns—tempered by weakening top-line and free-cash-flow momentum. Technicals are mixed with near-term softness despite longer-term trend support, while valuation is reasonable with a supportive dividend. The latest earnings call was broadly positive (record sales and margin expansion) but included notable cost and segment-margin pressure plus pockets of demand hesitancy.
Positive Factors
Durable Profitability
Snap-on’s strong gross, net, and EBIT margins indicate premium pricing, product differentiation, and operating efficiency. These characteristics support resilient earnings and provide a durable buffer against moderate cost inflation or uneven demand.
Negative Factors
Weak Revenue Trajectory
Limited sustained top-line growth constrains operating leverage and makes future earnings increasingly dependent on pricing, productivity, or buybacks. If demand remains subdued, Snap-on may struggle to expand its otherwise strong profit base.
Read all positive and negative factors
Positive Factors
Negative Factors
Durable Profitability
Snap-on’s strong gross, net, and EBIT margins indicate premium pricing, product differentiation, and operating efficiency. These characteristics support resilient earnings and provide a durable buffer against moderate cost inflation or uneven demand.
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
$20.56B
Dividend Yield2.47%
Average Volume (3M)381.91K
Price to Earnings (P/E)19.9
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:Jul 23, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 15, 2026
Earnings Call Sentiment Positive
The call presents a generally positive picture: record second-quarter sales, expanded consolidated gross margin, EPS growth, strong and highly profitable performance in the Commercial & Industrial segment, successful new product launches and a strong cash position. Offsetting considerations include margin pressure in RS&I and the Tools Group, modest weakness in originations and tool storage, OEM/dealer hesitancy, and higher operating expenses due to strategic investments. On balance, the company demonstrates resilience and momentum despite macro uncertainty.Positive Updates
Record Second-Quarter Sales
Net sales of $1,235.1 million, a 4.7% increase versus 2025 (including $11.5M from acquisitions and $8.7M favorable FX), with organic sales up 3% — an all-time record for a second quarter.
Negative Updates
Operating Margin Compression in Some Segments
Opco operating margin of 21.8% down slightly from 22.0% last year. RS&I operating margin declined to 24.0% from 25.6% (down 160 basis points) and Tools Group operating margin declined to 22.6% from 23.8%.
Read all updates
Q2-2026 Updates
Positive
Negative
Record Second-Quarter Sales
Net sales of $1,235.1 million, a 4.7% increase versus 2025 (including $11.5M from acquisitions and $8.7M favorable FX), with organic sales up 3% — an all-time record for a second quarter.
Read all positive updates
Company Guidance
Guidance items called out on the call were: corporate costs are expected to approximate $28 million in each of the remaining two quarters of 2026; full‑year 2026 capital expenditures are anticipated to be about $100 million; and the company currently anticipates a full‑year 2026 effective income tax rate of approximately 22%. Management also reminded investors that Q3 2025 EPS included a $0.31 one‑time benefit, and noted available share‑repurchase capacity of about $485.5 million (after repurchasing 241,000 shares for $91.4 million and paying $126.4 million in dividends in Q2).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
400.97
Negative
386.30
Positive
370.06
Positive
Market Momentum
-2.28
Positive
46.49
Neutral
28.69
Neutral
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 above the 20-day moving average (MA) of 403.16, above the 50-day MA of 400.97, and above the 200-day MA of 370.06, indicating a neutral trend. The MACD of -2.28 indicates Positive momentum. The RSI at 46.49 is Neutral, neither overbought nor oversold. The STOCH value of 28.69 is Neutral, 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 |
|---|---|---|---|---|---|---|---|
79 Outperform | $15.81B | 28.69 | 37.21% | 1.24% | 9.14% | 12.52% | |
73 Outperform | $20.56B | 19.87 | 17.41% | 2.34% | 4.02% | 4.39% | |
72 Outperform | $8.74B | 33.57 | 8.13% | 1.00% | 5.45% | -16.03% | |
68 Neutral | $15.07B | 24.32 | 6.90% | 3.64% | 0.57% | 29.85% | |
66 Neutral | $2.29B | 6.73 | 10.46% | 2.27% | 19.82% | 272.31% | |
65 Neutral | $16.27B | 50.05 | 9.66% | ― | 17.31% | 27.05% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% |
* Industrials Sector Average
SNA
Snap-on
395.84
77.33
24.28%
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RBC
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SWK
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TKR
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124.54
47.38
61.41%
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.