OverviewSuggest Edit

Snap-on is a manufacturer and marketer of tools, equipment, diagnostics, repair information, and system solutions. Its products and services include hand and power tools, tool storage, diagnostics software, information and management systems, shop equipment, etc. The company caters to vehicle dealership and repair centers as well as aerospace, agriculture, construction, government and military, mining, natural resources, power generation, and technical education industries.
TypePublic
Founded1920
HQKenosha, WI, US
Websitesnapon.com
Overall CultureD+

Latest Updates

Employees (est.) (Jan 2021)12,300(-3%)
Revenue (FY, 2020)$3.9 B(-3%)
Share Price (Sept 2021)$216.1(-1%)
Cybersecurity ratingCMore

Key People/Management at Snap-on

Nicholas T. Pinchuk

Nicholas T. Pinchuk

Chairman and Chief Executive Officer
Govind K. Arora

Govind K. Arora

Vice President – Worldwide Strategic Sourcing
Anup R. Banerjee

Anup R. Banerjee

Senior Vice President – Human Resources and Chief Development Officer
Samuel E. Bottum

Samuel E. Bottum

Vice President and Chief Marketing Officer
Robert J. Hamilton

Robert J. Hamilton

Vice President – Finance
David T. Hietpas

David T. Hietpas

Vice President and General Manager – Specialty Tools
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Snap-on Office Locations

Snap-on has offices in Kenosha, Algona, Conway, Elizabethton and in 45 other locations
Kenosha, WI, US (HQ)
2801 80th St
Algona, IA, US
2600 US-18
Conway, AR, US
309 Exchange Ave
Elizabethton, TN, US
2195 State Line Rd
Elkmont, AL, US
18771 Carters Cir
Lebanon, NH, US
10 Technology Dr, West Lebanon
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Snap-on Financials and Metrics

Snap-on Revenue

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View revenue for all periods
Snap-on's revenue was reported to be $3.94 b in FY, 2020
USD

Revenue (Q2, 2021)

1.2b

Gross profit (Q2, 2021)

612.0m

Gross profit margin (Q2, 2021), %

52.4%

Net income (Q2, 2021)

213.2m

EBIT (Q2, 2021)

286.0m

Market capitalization (14-Sept-2021)

11.7b

Closing stock price (14-Sept-2021)

216.1

Cash (3-Jul-2021)

965.9m

EV

12.2b
Snap-on's current market capitalization is $11.7 b.
Annual
USDFY, 2018FY, 2019FY, 2020

Revenue

4.1b4.1b3.9b

Revenue growth, %

2%0%

Cost of goods sold

2.0b2.0b1.9b

Gross profit

2.1b2.1b2.0b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Revenue

1.0b1.0b985.9m938.1m808.9m1.0b1.1b1.2b

Cost of goods sold

249.5m250.5m476.8m459.6m410.1m492.3m534.3m556.3m

Gross profit

757.8m784.9m509.1m478.5m398.8m535.1m578.9m612.0m

Gross profit Margin, %

75%76%52%51%49%52%52%52%
Annual
USDFY, 2018FY, 2019FY, 2020

Cash

140.9m184.5m923.4m

Accounts Receivable

692.6m694.6m640.7m

Inventories

673.8m760.4m746.5m

Current Assets

2.2b2.4b3.1b
Quarterly
Annual
USDFY, 2018FY, 2019FY, 2021

Net Income

696.2m711.2m646.4m

Depreciation and Amortization

94.1m92.4m96.7m

Inventories

(38.6m)(97.0m)34.2m

Accounts Payable

27.5m(2.6m)17.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021

Net Income

182.1m367.0m536.2m142.0m247.9m432.6m197.6m410.8m

Depreciation and Amortization

22.6m45.6m68.5m23.8m47.6m71.5m24.7m50.2m

Inventories

(33.2m)(52.8m)(97.3m)(23.8m)(32.0m)(3.6m)8.3m(16.1m)

Accounts Payable

1.8m16.6m9.2m1.9m(8.1m)10.3m17.5m59.5m
USDFY, 2018

EV/EBIT

9.4 x

EV/CFO

11.8 x

EV/FCF

13.4 x

Revenue/Employee

323.0k

Debt/Equity

0.4 x

Debt/Assets

0.2 x

Financial Leverage

1.7 x

P/E Ratio

12.2
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Snap-on Operating Metrics

FY, 2018FY, 2019FY, 2020

Countries (Distribution)

130130130

Facility Space, sq. ft.

50 k50 k50 k

Patents (Foreign)

2 k2.15 k2.35 k

Patents (US)

750780800
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Snap-on Acquisitions / Subsidiaries

Company NameDateDeal Size
Dealer-FXMarch 08, 2021$200 m
AutoCrib, Inc.September 28, 2020$35.4 m
Cognitran LimitedAugust 07, 2019$30.6 m
Power Hawk Technologies, Inc.April 02, 2019$7.9 m
TMB GeoMarketing LimitedJanuary 25, 2019$1.3 m
George A. Sturdevant, Inc.January 31, 2018$3 m
Norbar Torque ToolsMay 04, 2017$72 m
Sturtevant RichmontNovember 17, 2016$13 m
Car-O-LinerOctober 17, 2016$155 m
EcotechnicsAugust 07, 2015$13 m
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Snap-on Revenue Breakdown

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Snap-on revenue breakdown by business segment: 27.6% from Commercial & Industrial Group, 36.8% from Snap-on Tools Group, 27.7% from Repair Systems & Information Group and 7.8% from Financial Services

Snap-on revenue breakdown by geographic segment: 12.5% from All other, 70.3% from United States and 17.2% from Europe

Snap-on Cybersecurity Score

Cybersecurity ratingPremium dataset

C

79/100

SecurityScorecard logo

Snap-on Online and Social Media Presence

Embed Graph

Snap-on Company Culture

  • Overall Culture

    D+

    61/100

  • CEO Rating

    D-

    55/100

  • Compensation

    C-

    61/100

  • Diversity

    D+

    58/100

Learn more on Comparably

Snap-on News and Updates

Snap-on Incorporated to Webcast 2021 Second Quarter Results Conference Call

Snap-on Incorporated (NYSE: SNA) will release 2021 second quarter and six-month results prior to the market open on Thursday, July 22, 2021. A conference call to discuss the results will be held at 10:00 a.m. ET on that day. The conference call audio and accompanying slides will be webcast live via …

Mitchell 1 to Host “Accelerate Profitability” Virtual Workshop Series

Mitchell 1 is hosting a free three-part virtual workshop series called “Accelerate Profitability” to help independent automotive repair shops increase profitability and plan for long-term success with insights from industry leaders and software tools from Mitchell 1.

New John Bean Tru-Point ADAS Calibration Tool Debuts at Auto Glass Week in Orlando

– The new John Bean® Tru-Point™ advanced driver assistance system (ADAS) calibration tool will be on display and available for demonstrations at the upcoming Auto Glass Week™ trade show (booth 212) held June 7-9 at the Orange County Convention Center in Orlando, Florida.

Snap-on Introduces Diagnostic Mobile Workcenter

The new Snap-on® Diagnostic Mobile Workcenter gives technicians the ability to utilize the full capabilities of the ZEUS® diagnostic and information system, including exclusive Fast-Track® Intelligent Diagnostics, from anywhere in the service bay.

Mitchell 1 Expands Portfolio of ADAS Coverage

Mitchell 1 announces it now offers the Driver Assist ADAS QuickLink feature across its suite of repair information software, expanding coverage to most makes and models of cars, light trucks and commercial trucks.

New ‘EZ-ADAS Extended’ App Now Available

The new EZ-ADAS™ Extended mobile app from Total Shop Solutions (TSS™) is now available for downloading. Featuring updated procedures for the TSS EZ-ADAS Recalibration System, the EZ-ADAS Extended app also includes expanded vehicle coverage for advanced driver assistance systems (ADAS) and helpful…
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Snap-on Frequently Asked Questions

  • When was Snap-on founded?

    Snap-on was founded in 1920.

  • Who are Snap-on key executives?

    Snap-on's key executives are Nicholas T. Pinchuk, Govind K. Arora and Anup R. Banerjee.

  • How many employees does Snap-on have?

    Snap-on has 12,300 employees.

  • What is Snap-on revenue?

    Latest Snap-on annual revenue is $3.9 b.

  • What is Snap-on revenue per employee?

    Latest Snap-on revenue per employee is $320.5 k.

  • Who are Snap-on competitors?

    Competitors of Snap-on include Dover, SuZhou THVOW Technology and Apex Tool Group.

  • Where is Snap-on headquarters?

    Snap-on headquarters is located at 2801 80th St, Kenosha.

  • Where are Snap-on offices?

    Snap-on has offices in Kenosha, Algona, Conway, Elizabethton and in 45 other locations.

  • How many offices does Snap-on have?

    Snap-on has 50 offices.