Explain this page
Arphra AIPlain-English read on Snap-on Incorporated’s valuationIncome statement
| In USD | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2026 | 2027E | 2028E | 2029E |
|---|---|---|---|---|---|---|---|---|
| Revenue & profit | ||||||||
| Revenue | $4.6B | $4.84B | $5.11B | $5.11B | $5.16B | $4.91B | $5.1B | $5.41B |
| Cost of revenue | $2.22B | $2.4B | $2.49B | $2.45B | $2.49B | $2.33B | $2.39B | $2.63B |
| Gross profit | $2.38B | $2.45B | $2.62B | $2.65B | $2.67B | $2.47B | $2.71B | $2.77B |
| Gross margin | +51.78% | +50.53% | +51.28% | +51.97% | +51.73% | +50.37% | +53.10% | +51.27% |
| Operating | ||||||||
| Research & development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, general & administrative | $0 | $0 | $0 | $1.3B | $1.34B | $864.91M | $849.52M | $941.87M |
| Total operating expenses | $1.26B | $1.24B | $1.31B | $1.31B | $1.34B | $1.24B | $1.31B | $1.39B |
| Operating income | $1.12B | $1.21B | $1.31B | $1.35B | $1.33B | $1.3B | $1.36B | $1.37B |
| Operating margin | +24.33% | +24.93% | +25.65% | +26.34% | +25.75% | +26.52% | +26.65% | +25.36% |
| EBITDA | $1.24B | $1.35B | $1.48B | $1.52B | $1.48B | $1.41B | $1.49B | $1.56B |
| EBIT | $1.14B | $1.25B | $1.38B | $1.42B | $1.39B | $1.36B | $1.41B | $1.49B |
| Below the line | ||||||||
| Interest expense | $53.1M | $47.1M | $49.9M | $49.6M | $52.2M | $49.42M | $51.27M | $54.82M |
| Interest income | $2.1M | $13M | $40.2M | $57M | $58.8M | $50.17M | $51.64M | $54.67M |
| Other income / expense | -$31M | -$4.6M | $17.6M | $27.4M | $8.2M | — | — | — |
| Pre-tax income | $1.09B | $1.2B | $1.33B | $1.37B | $1.34B | $1.29B | $1.38B | $1.43B |
| Income tax expense | $247M | $268.7M | $293.4M | $304.2M | $293.6M | $277.67M | $293.26M | $309.87M |
| Earnings | ||||||||
| Net income | $820.5M | $911.7M | $1.01B | $1.04B | $1.02B | $1.01B | $1.05B | $1.05B |
| Net income · continuing ops | $841.4M | $933.9M | $1.03B | $1.07B | $1.04B | $976.83M | $1.04B | $1.09B |
| Net margin | +17.83% | +18.83% | +19.79% | +20.43% | +19.72% | +20.57% | +20.51% | +19.46% |
| EPS · basic | $15.22 | $17.14 | $19.11 | $19.85 | $19.52 | $20.48 | $21.76 | $25.03 |
| EPS · diluted | $14.92 | $16.82 | $18.76 | $19.51 | $19.19 | $19.92 | $21.13 | $24.42 |
| EPS · low estimate | — | — | — | — | — | $19.62 | $20.72 | $24.03 |
| EPS · high estimate | — | — | — | — | — | $20.25 | $21.82 | $24.78 |
| Shares · basic | 53.9M | 53.2M | 52.9M | 52.6M | 52.1M | 51.73M | 52.5M | 52.01M |
| Shares · diluted | 55M | 54.2M | 53.9M | 53.5M | 53M | 53.33M | 52.7M | 53.5M |
| Coverage | ||||||||
| Analysts (revenue) | — | — | — | — | — | 7 | 7 | 1 |
| Analysts (EPS) | — | — | — | — | — | 7 | 8 | 1 |
Coverage notes. Historical figures come’s as-reported income statements / balance sheets / cash flows in our data warehouse. Forecast columns (italicised, faint accent tint) carry vendor-supplied numbers where available (revenue + EPS consensus) and ratio-derived values for every other line. Margins / ratios are the trailing-3y average from history applied to the forecast revenue; values are clamped to enforce P&L identity (gross ≥ operating, EBITDA ≥ operating, net ≤ operating) and balance-sheet identity (assets = liabilities + equity by construction). Cash-flow FCF reconciles to OCF + CapEx. USD conversion uses the period-end close of the issuer's reported/USD pair from forex_prices_daily; share counts stay unconverted.
Financials
Full income statement, balance sheet, and cash-flow history is included with Pro.
Upgrade to Pro