Ingersoll Rand vs Snap-on
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The short version
- Ingersoll Rand is the larger business, with $7.7B of revenue in fiscal 2025 against $5.2B for Snap-on.
- Ingersoll Rand grew revenue faster (5.8%, against 0.9%).
- Snap-on kept more of each dollar of sales as operating profit (25.8% operating margin, against 15.0%).
- Snap-on turned more of its sales into free cash flow (19.5% FCF margin, against 16.0%).
- Snap-on earned a higher return on the capital invested in it (19.2%, against 6.5%).
- Investors pay more for each dollar of Ingersoll Rand’s earnings: a P/E of 30.2x against 18.6x for Snap-on.
| Latest fiscal year | IR · FY25 | SNA · FY25 |
|---|---|---|
| Size | ||
| Market cap | $28.8B | $18.7B |
| Revenue | $7.7B | $5.2B |
| Free cash flow | $1.2B | $1.0B |
| Net income | $581M | $1.0B |
| Growth | ||
| Revenue growth | 5.8% | 0.9% |
| 5-year growth | 14.0% | 5.5% |
| Share count change | −1.5% | −0.9% |
| Profitability | ||
| Gross margin | 43.6% | — |
| Operating margin | 15.0% | 25.8% |
| Net margin | 7.6% | 19.7% |
| FCF margin | 16.0% | 19.5% |
| Return on capital | 6.5% | 19.2% |
| Return on equity | 5.7% | 18.0% |
| Balance sheet | ||
| Net debt | $3.5B | −$421M |
| Net debt / EBITDA | 2.1x | −0.3x |
| Dividends and buybacks | $1.0B | $791M |
| Valuation & quality | ||
| P/E | 30.2x | 18.6x |
| Piotroski F-score | 5 | 6 |
Revenue
FY16
IR $1.9B
SNA $3.7B
FY17
IR $2.4B
SNA $4.0B
FY18
IR $2.7B
SNA $4.1B
FY19
IR $2.0B
SNA $4.1B
FY20
IR $4.0B
SNA $3.9B
FY21
IR $5.2B
SNA $4.6B
FY22
IR $5.9B
SNA $4.8B
FY23
IR $6.9B
SNA $5.1B
FY24
IR $7.2B
SNA $5.1B
FY25
IR $7.7B
SNA $5.2B
IR
SNA
Operating margin
FY16
IR 5.3%
SNA 23.2%
FY17
IR 4.6%
SNA 22.1%
FY18
IR 16.5%
SNA 23.5%
FY19
IR 9.6%
SNA 23.7%
FY20
IR 1.5%
SNA 22.3%
FY21
IR 11.0%
SNA 24.4%
FY22
IR 13.8%
SNA 24.9%
FY23
IR 16.9%
SNA 25.7%
FY24
IR 18.0%
SNA 26.3%
FY25
IR 15.0%
SNA 25.8%
IR
SNA
Free cash flow
FY16
IR $91.2M
SNA $502M
FY17
IR $144M
SNA $527M
FY18
IR $392M
SNA $674M
FY19
IR $305M
SNA $575M
FY20
IR $872M
SNA $943M
FY21
IR $564M
SNA $897M
FY22
IR $771M
SNA $591M
FY23
IR $1.3B
SNA $1.1B
FY24
IR $1.2B
SNA $1.1B
FY25
IR $1.2B
SNA $1.0B
IR
SNA
Return on capital
FY16
IR —
SNA 17.7%
FY17
IR 2.9%
SNA 16.2%
FY18
IR 10.9%
SNA 18.0%
FY19
IR 5.6%
SNA 17.4%
FY20
IR 0.7%
SNA —
FY21
IR 5.4%
SNA —
FY22
IR 6.5%
SNA 19.6%
FY23
IR 8.4%
SNA 19.9%
FY24
IR 8.2%
SNA 19.9%
FY25
IR 6.5%
SNA 19.2%
IR
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.