Flowserve vs Snap-on
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The short version
- Snap-on is the larger business, with $5.2B of revenue in fiscal 2025 against $4.7B for Flowserve.
- Flowserve 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 8.5%).
- Snap-on turned more of its sales into free cash flow (19.5% FCF margin, against 9.2%).
- Snap-on earned a higher return on the capital invested in it (19.2%, against 9.4%).
- Investors pay more for each dollar of Flowserve’s earnings: a P/E of 23.8x against 18.6x for Snap-on.
| Latest fiscal year | FLS · FY25 | SNA · FY25 |
|---|---|---|
| Size | ||
| Market cap | $8.8B | $18.7B |
| Revenue | $4.7B | $5.2B |
| Free cash flow | $435M | $1.0B |
| Net income | $346M | $1.0B |
| Growth | ||
| Revenue growth | 3.8% | 0.9% |
| 5-year growth | 4.9% | 5.5% |
| Share count change | −1.0% | −0.9% |
| Profitability | ||
| Gross margin | 33.4% | — |
| Operating margin | 8.5% | 25.8% |
| Net margin | 7.3% | 19.7% |
| FCF margin | 9.2% | 19.5% |
| Return on capital | 9.4% | 19.2% |
| Return on equity | 16.5% | 18.0% |
| Balance sheet | ||
| Net debt | $845M | −$421M |
| Net debt / EBITDA | 1.7x | −0.3x |
| Dividends and buybacks | $365M | $791M |
| Valuation & quality | ||
| P/E | 23.8x | 18.6x |
| Piotroski F-score | 8 | 6 |
FY16
FLS $4.0B
SNA $3.7B
FY17
FLS $3.7B
SNA $4.0B
FY18
FLS $3.8B
SNA $4.1B
FY19
FLS $3.9B
SNA $4.1B
FY20
FLS $3.7B
SNA $3.9B
FY21
FLS $3.5B
SNA $4.6B
FY22
FLS $3.6B
SNA $4.8B
FY23
FLS $4.3B
SNA $5.1B
FY24
FLS $4.6B
SNA $5.1B
FY25
FLS $4.7B
SNA $5.2B
FLS
SNA
FY16
FLS 6.9%
SNA 23.2%
FY17
FLS 9.3%
SNA 22.1%
FY18
FLS 5.9%
SNA 23.5%
FY19
FLS 9.8%
SNA 23.7%
FY20
FLS 6.7%
SNA 22.3%
FY21
FLS 7.7%
SNA 24.4%
FY22
FLS 5.5%
SNA 24.9%
FY23
FLS 7.7%
SNA 25.7%
FY24
FLS 10.1%
SNA 26.3%
FY25
FLS 8.5%
SNA 25.8%
FLS
SNA
FY16
FLS $151M
SNA $502M
FY17
FLS $249M
SNA $527M
FY18
FLS $107M
SNA $674M
FY19
FLS $248M
SNA $575M
FY20
FLS $253M
SNA $943M
FY21
FLS $195M
SNA $897M
FY22
FLS −$116M
SNA $591M
FY23
FLS $258M
SNA $1.1B
FY24
FLS $344M
SNA $1.1B
FY25
FLS $435M
SNA $1.0B
FLS
SNA
FY16
FLS 6.1%
SNA 17.7%
FY17
FLS 6.4%
SNA 16.2%
FY18
FLS 6.4%
SNA 18.0%
FY19
FLS 11.9%
SNA 17.4%
FY20
FLS 7.1%
SNA —
FY21
FLS 11.0%
SNA —
FY22
FLS 7.6%
SNA 19.6%
FY23
FLS 11.3%
SNA 19.9%
FY24
FLS 12.9%
SNA 19.9%
FY25
FLS 9.4%
SNA 19.2%
FLS
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.