Snap-On Inc (SNA)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,043,900 | 1,011,100 | 911,700 | 820,500 | 627,000 |
| Revenue | US$ in thousands | 5,108,400 | 5,108,300 | 4,842,500 | 4,601,700 | 3,942,200 |
| Net profit margin | 20.43% | 19.79% | 18.83% | 17.83% | 15.90% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,043,900K ÷ $5,108,400K
= 20.43%
Net profit margin is a key metric that indicates the percentage of revenue that translates into profit after all expenses have been deducted. Snap-On Inc's net profit margin has shown a consistent upward trend over the past five years, increasing from 15.90% in December 2020 to 20.43% in December 2024. This improvement reflects the company's ability to effectively manage costs and generate higher profits relative to its revenue. A rising net profit margin is generally a positive sign of financial health and operational efficiency, suggesting that Snap-On Inc has been successful in controlling expenses and maximizing profitability.
Peer comparison
Dec 31, 2024