Snap-On Inc (SNA)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 4,989,900 | 5,015,600 | 4,771,400 | 4,520,700 | 3,822,900 |
| Revenue | US$ in thousands | 5,108,400 | 5,108,300 | 4,842,500 | 4,601,700 | 3,942,200 |
| Gross profit margin | 97.68% | 98.19% | 98.53% | 98.24% | 96.97% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $4,989,900K ÷ $5,108,400K
= 97.68%
Snap-On Inc has shown a consistently high gross profit margin over the past five years, ranging from 96.97% in December 2020 to 98.53% in December 2022. This indicates efficient management of production costs relative to sales revenue. Although there was a slight dip to 97.68% in December 2024, overall, the company has maintained a strong position in generating profits from its core operations. This steady performance reflects a solid competitive position and effective control over manufacturing and distribution expenses.
Peer comparison
Dec 31, 2024
Company name
Symbol
Gross profit margin
Snap-On Inc
SNA
97.68%
Simpson Manufacturing Company Inc
SSD
45.99%
Stanley Black & Decker Inc
SWK
-3.86%