Snap-On Inc (SNA)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,345,700 | 1,310,400 | 1,207,200 | 1,123,500 | 880,500 |
| Revenue | US$ in thousands | 5,108,400 | 5,108,300 | 4,842,500 | 4,601,700 | 3,942,200 |
| Operating profit margin | 26.34% | 25.65% | 24.93% | 24.41% | 22.34% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,345,700K ÷ $5,108,400K
= 26.34%
Snap-On Inc has shown a consistent improvement in its operating profit margin over the past five years, starting at 22.34% on December 31, 2020, and reaching 26.34% on December 31, 2024. This indicates the company's ability to effectively manage its operating expenses and generate higher profits from its core business operations. The steady increase in operating profit margin reflects positive operational efficiency and potentially effective cost control measures implemented by Snap-On Inc during this period. Overall, higher operating profit margins signify the company's strength in generating profits from its operations, which can be a positive indicator of its financial health and sustainability.
Peer comparison
Dec 31, 2024