Snap-On Inc (SNA)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,304,500 | 1,180,400 | 1,067,500 | 816,100 | 905,300 |
| Revenue | US$ in thousands | 5,108,300 | 4,842,500 | 4,601,700 | 3,942,200 | 4,067,700 |
| Pretax margin | 25.54% | 24.38% | 23.20% | 20.70% | 22.26% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,304,500K ÷ $5,108,300K
= 25.54%
Snap-On Inc's pretax margin has shown a consistent and positive trend over the past five years. The company's pretax margin has been gradually increasing from 22.26% in 2019 to 25.54% in 2023, indicating an improvement in the company's ability to generate profits before accounting for taxes on its sales. This suggests that Snap-On Inc has been effectively managing its operating expenses and generating higher profits relative to its revenue over the years. The continuous increase in pretax margin reflects the company's efficiency in controlling costs and enhancing operational performance, which is a positive indicator of its financial health and profitability.
Peer comparison
Dec 31, 2023