Snap-On Inc (SNA)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,304,500 | 1,285,800 | 1,257,200 | 1,218,800 | 1,180,400 | 1,162,100 | 1,133,600 | 1,100,700 | 1,067,500 | 1,046,800 | 1,024,500 | 886,700 | 816,100 | 768,500 | 748,700 | 851,600 | 905,300 | 910,300 | 910,000 | 908,500 |
| 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 |
| Pretax margin | 25.54% | 25.42% | 25.17% | 24.71% | 24.38% | 24.24% | 23.97% | 23.55% | 23.20% | 22.88% | 22.89% | 21.54% | 20.70% | 20.15% | 19.85% | 21.30% | 22.26% | 22.40% | 22.42% | 22.38% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,304,500K ÷ $5,108,300K
= 25.54%
Snap-On Inc has shown a consistent improvement in its pretax margin over the past few quarters, with a general upward trend from December 2019 to December 2023. The pretax margin increased from 22.38% in December 2019 to 25.54% in December 2023. This indicates that the company has been effectively managing its expenses and generating higher profits before taxes relative to its revenue. The positive trend in pretax margin suggests that Snap-On Inc's operational efficiency has been improving, leading to stronger profitability. However, it's essential to continue monitoring this metric to ensure sustained financial health and continued growth.
Peer comparison
Dec 31, 2023