Snap-On Inc (SNA)
Net profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,011,100 | 994,700 | 975,500 | 943,000 | 911,700 | 896,500 | 868,800 | 845,300 | 820,500 | 805,700 | 789,200 | 682,400 | 627,000 | 588,700 | 573,600 | 652,800 | 693,500 | 697,900 | 696,500 | 694,800 |
| Revenue (ttm) | US$ in thousands | 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 | 4,067,700 | 4,063,800 | 4,058,000 | 4,059,200 |
| Net profit margin | 19.79% | 19.66% | 19.53% | 19.12% | 18.83% | 18.70% | 18.37% | 18.09% | 17.83% | 17.61% | 17.63% | 16.57% | 15.90% | 15.44% | 15.21% | 16.33% | 17.05% | 17.17% | 17.16% | 17.12% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,011,100K ÷ $5,108,300K
= 19.79%
The net profit margin of Snap-On Inc has shown a consistent upward trend over the past several quarters, indicating improving profitability. The company's net profit margin ranged from 15.21% to 19.79% during the period under review. This suggests that for every dollar of revenue generated, Snap-On Inc was able to retain between 15.21 to 19.79 cents as profit. The increasing trend in net profit margin reflects the company's ability to control costs and operate more efficiently, ultimately translating into higher profitability for the business. Overall, the improving net profit margin is a positive signal for investors and stakeholders, highlighting Snap-On Inc's strength in generating profits relative to its revenue.
Peer comparison
Dec 31, 2023