Snap-On Inc (SNA)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,011,100 | 911,700 | 820,500 | 627,000 | 693,500 |
| Revenue | US$ in thousands | 5,108,300 | 4,842,500 | 4,601,700 | 3,942,200 | 4,067,700 |
| Net profit margin | 19.79% | 18.83% | 17.83% | 15.90% | 17.05% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $1,011,100K ÷ $5,108,300K
= 19.79%
Snap-On Inc's net profit margin has been fairly stable over the past five years, ranging from 15.90% in 2020 to 19.79% in 2023. This indicates that the company has been able to effectively manage its expenses relative to its revenue during this period. The increasing trend in net profit margin from 2020 to 2023 suggests that Snap-On Inc has improved its profitability over time, possibly through cost-cutting measures or revenue growth strategies. Overall, the consistently positive net profit margins reflect Snap-On Inc's ability to generate profit from its operations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Net profit margin
Snap-On Inc
SNA
19.79%
Simpson Manufacturing Company Inc
SSD
16.03%
Stanley Black & Decker Inc
SWK
-1.97%