Hubbell vs Snap-on
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The short version
- Hubbell is the larger business, with $5.8B of revenue in fiscal 2025 against $5.2B for Snap-on.
- Hubbell grew revenue faster (3.8%, against 0.9%).
- Snap-on kept more of each dollar of sales as operating profit (25.8% operating margin, against 20.7%).
- Snap-on turned more of its sales into free cash flow (19.5% FCF margin, against 15.0%).
- Snap-on earned a higher return on the capital invested in it (19.2%, against 18.7%).
- Investors pay more for each dollar of Hubbell’s earnings: a P/E of 26.5x against 18.6x for Snap-on.
| Latest fiscal year | HUBB · FY25 | SNA · FY25 |
|---|---|---|
| Size | ||
| Market cap | $23.9B | $18.7B |
| Revenue | $5.8B | $5.2B |
| Free cash flow | $875M | $1.0B |
| Net income | $887M | $1.0B |
| Growth | ||
| Revenue growth | 3.8% | 0.9% |
| 5-year growth | 9.7% | 5.5% |
| Share count change | −0.9% | −0.9% |
| Profitability | ||
| Gross margin | 35.3% | — |
| Operating margin | 20.7% | 25.8% |
| Net margin | 15.2% | 19.7% |
| FCF margin | 15.0% | 19.5% |
| Return on capital | 18.7% | 19.2% |
| Return on equity | 24.5% | 18.0% |
| Balance sheet | ||
| Net debt | $1.8B | −$421M |
| Net debt / EBITDA | 1.3x | −0.3x |
| Dividends and buybacks | $225M | $791M |
| Valuation & quality | ||
| P/E | 26.5x | 18.6x |
| Piotroski F-score | 7 | 6 |
Revenue
FY16
HUBB $3.5B
SNA $3.7B
FY17
HUBB $3.7B
SNA $4.0B
FY18
HUBB $4.5B
SNA $4.1B
FY19
HUBB $3.9B
SNA $4.1B
FY20
HUBB $3.7B
SNA $3.9B
FY21
HUBB $4.2B
SNA $4.6B
FY22
HUBB $4.9B
SNA $4.8B
FY23
HUBB $5.4B
SNA $5.1B
FY24
HUBB $5.6B
SNA $5.1B
FY25
HUBB $5.8B
SNA $5.2B
HUBB
SNA
Operating margin
FY16
HUBB 14.0%
SNA 23.2%
FY17
HUBB 14.1%
SNA 22.1%
FY18
HUBB 12.4%
SNA 23.5%
FY19
HUBB 13.4%
SNA 23.7%
FY20
HUBB 13.4%
SNA 22.3%
FY21
HUBB 12.7%
SNA 24.4%
FY22
HUBB 14.3%
SNA 24.9%
FY23
HUBB 19.1%
SNA 25.7%
FY24
HUBB 19.4%
SNA 26.3%
FY25
HUBB 20.7%
SNA 25.8%
HUBB
SNA
Free cash flow
FY16
HUBB $344M
SNA $502M
FY17
HUBB $299M
SNA $527M
FY18
HUBB $421M
SNA $674M
FY19
HUBB $505M
SNA $575M
FY20
HUBB $565M
SNA $943M
FY21
HUBB $424M
SNA $897M
FY22
HUBB $507M
SNA $591M
FY23
HUBB $715M
SNA $1.1B
FY24
HUBB $811M
SNA $1.1B
FY25
HUBB $875M
SNA $1.0B
HUBB
SNA
Return on capital
FY16
HUBB 16.2%
SNA 17.7%
FY17
HUBB 13.1%
SNA 16.2%
FY18
HUBB 15.2%
SNA 18.0%
FY19
HUBB 12.2%
SNA 17.4%
FY20
HUBB 11.6%
SNA —
FY21
HUBB 12.7%
SNA —
FY22
HUBB 16.6%
SNA 19.6%
FY23
HUBB 19.9%
SNA 19.9%
FY24
HUBB 18.3%
SNA 19.9%
FY25
HUBB 18.7%
SNA 19.2%
HUBB
SNA
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.