Snap-on (SNA) FY2024 results: revenue $5.1 billion, unchanged on the year
Snap-on Inc. (SNA) reported revenue of $5.1 billion for fiscal 2024, the year ended 28 December 2024, unchanged on the year before. Net income was $1.0 billion, up 3.2%, and diluted earnings per share $19.51. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2025.
Revenue
$5.1 billion
+0.0% on the year
FY2017FY2024
Operating margin
26.3%
25.7% a year earlier
FY2017FY2024
Net income
$1.0 billion
+3.2% on the year
FY2017FY2024
Diluted EPS
$19.51
+4.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
1,218
1,154
675
+5.5%
Capital expenditure
83.5
95.0
84.2
-12.1%
Free cash flow
1,134
1,059
591
+7.1%
Free cash flow margin
22.2%
20.7%
12.2%
Cash from investing
-204
-332
-206
Cash from financing
-650
-573
-485
Depreciation and amortisation
98.0
99.3
100
-1.3%
Share-based compensation
28.6
44.7
34.0
-36.0%
Buybacks
290
295
198
-1.6%
Dividends paid
406
356
313
+14.3%
Dividend per share
$7.72
$6.72
$5.88
+14.9%
Diluted shares, weighted
54m
54m
54m
-0.7%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
5,394
5,071
4,481
+6.4%
Non-controlling interest
22.9
22.1
22.2
+3.6%
Debt
1,199
1,200
1,201
-0.1%
Operating lease liabilities
68.6
54.6
44.7
+25.6%
Finance lease liabilities
1.0
1.1
1.9
-9.1%
Other liabilities
1,211
1,196
1,222
+1.3%
Total liabilities and equity
7,897
7,545
6,973
+4.7%
Goodwill
1,057
1,097
1,045
-3.7%
Intangible assets
268
269
276
-0.5%
Cash and equivalents
1,360
1,002
757
+35.8%
Receivables
816
791
762
+3.1%
Inventory
943
1,006
1,033
-6.2%
Other assets
3,453
3,380
3,100
+2.2%
Total assets
7,897
7,545
6,973
+4.7%
10-K for the year ended 28 December 2024, filed 13 February 2025: the filing.