Snap-On Inc (SNA)
Gross profit margin
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 5,022,300 | 5,026,500 | 5,035,400 | 5,042,400 | 5,042,100 | 5,000,200 | 4,935,100 | 4,873,300 | 4,790,000 | 4,742,800 | 4,673,500 | 4,614,200 | 4,533,100 | 4,498,200 | 4,400,000 | 4,035,900 | 3,847,800 | 3,711,300 | 3,658,200 | 3,877,000 |
| Revenue (ttm) | US$ in thousands | 5,108,400 | 5,103,000 | 5,109,800 | 5,114,600 | 5,108,300 | 5,058,700 | 4,994,300 | 4,932,600 | 4,842,500 | 4,793,500 | 4,728,700 | 4,674,000 | 4,601,700 | 4,574,300 | 4,476,700 | 4,117,300 | 3,942,200 | 3,813,500 | 3,772,000 | 3,998,500 |
| Gross profit margin | 98.31% | 98.50% | 98.54% | 98.59% | 98.70% | 98.84% | 98.81% | 98.80% | 98.92% | 98.94% | 98.83% | 98.72% | 98.51% | 98.34% | 98.29% | 98.02% | 97.61% | 97.32% | 96.98% | 96.96% |
December 31, 2024 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $5,022,300K ÷ $5,108,400K
= 98.31%
Snap-On Inc has shown a consistent and impressive increase in its gross profit margin over the past few years, indicating strong profitability in its core operations. The trend shows a steady improvement from 96.96% as of March 31, 2020, to a peak of 98.94% as of September 30, 2022, before experiencing a slight decline.
The company managed to maintain a gross profit margin above 98% for several quarters, reflecting efficient cost management and pricing strategies. However, there was a slight decrease in the margin towards the end of 2024, with the margin standing at 98.31% as of December 31, 2024.
Overall, Snap-On Inc's consistently high gross profit margins suggest that the company is effectively controlling its production costs and generating a healthy return on its sales. This trend indicates a strong competitive position and financial performance for the company in the analyzed period.
Peer comparison
Dec 31, 2024