Snap-on vs Timken
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KIRA’s take AI analyst
I put Snap-on and Timken side by side, using each one’s latest annual report. Here is what stands out:
- Snap-on is the larger business, with $5.2B of revenue in fiscal 2025 against $4.6B for Timken.
- Snap-on grew revenue faster (0.9%, against 0.2%).
- Snap-on kept more of each dollar of sales as operating profit (25.8% operating margin, against 11.8%).
- Snap-on turned more of its sales into free cash flow (19.5% FCF margin, against 8.9%).
- Snap-on earned a higher return on the capital invested in it (19.2%, against 8.6%).
- Investors pay more for each dollar of Timken’s earnings: a P/E of 29.9x against 18.6x for Snap-on.
Who comes out ahead
Of the 10 measures where higher (or lower) is clearly better, how many each company leads.
Snap-on
SNA
9/10
Revenue growth5-year growthOperating marginNet marginFCF marginReturn on capitalReturn on equityNet debt / EBITDAShare count change
Timken
TKR
0/10
Side by side
Best in the row
| Latest fiscal year | SNA FY25 | TKR FY25 |
|---|---|---|
| Size | ||
| Market cap | $18.8B | $7.7B |
| Revenue | $5.2B | $4.6B |
| Free cash flow | $1.0B | $406M |
| Net income | $1.0B | $288M |
| Growth | ||
| Revenue growth | 0.9% | 0.2% |
| 5-year growth | 5.5% | 5.5% |
| Share count change | −0.9% | −0.7% |
| Profitability | ||
| Gross margin | — | 30.4% |
| Operating margin | 25.8% | 11.8% |
| Net margin | 19.7% | 6.3% |
| FCF margin | 19.5% | 8.9% |
| Return on capital | 19.2% | 8.6% |
| Return on equity | 18.0% | 9.6% |
| Balance sheet | ||
| Net debt | −$421M | $1.6B |
| Net debt / EBITDA | −0.3x | 2.0x |
| Dividends and buybacks | $791M | $156M |
| Valuation & quality | ||
| P/E | 18.6x | 29.9x |
| Piotroski F-score | 6 | 6 |
Ten years
Revenue
FY16
SNA $3.7B
TKR $2.7B
FY17
SNA $4.0B
TKR $3.0B
FY18
SNA $4.1B
TKR $3.6B
FY19
SNA $4.1B
TKR $3.8B
FY20
SNA $3.9B
TKR $3.5B
FY21
SNA $4.6B
TKR $4.1B
FY22
SNA $4.8B
TKR $4.5B
FY23
SNA $5.1B
TKR $4.8B
FY24
SNA $5.1B
TKR $4.6B
FY25
SNA $5.2B
TKR $4.6B
SNA
TKR
Operating margin
FY16
SNA 23.2%
TKR 9.2%
FY17
SNA 22.1%
TKR 10.0%
FY18
SNA 23.5%
TKR 12.7%
FY19
SNA 23.7%
TKR 13.6%
FY20
SNA 22.3%
TKR 13.0%
FY21
SNA 24.4%
TKR 12.4%
FY22
SNA 24.9%
TKR 13.5%
FY23
SNA 25.7%
TKR 13.8%
FY24
SNA 26.3%
TKR 13.4%
FY25
SNA 25.8%
TKR 11.8%
SNA
TKR
Free cash flow
FY16
SNA $502M
TKR $266M
FY17
SNA $527M
TKR $132M
FY18
SNA $674M
TKR $220M
FY19
SNA $575M
TKR $410M
FY20
SNA $943M
TKR $456M
FY21
SNA $897M
TKR $239M
FY22
SNA $591M
TKR $285M
FY23
SNA $1.1B
TKR $357M
FY24
SNA $1.1B
TKR $306M
FY25
SNA $1.0B
TKR $406M
SNA
TKR
Return on capital
FY16
SNA 17.7%
TKR 10.5%
FY17
SNA 16.2%
TKR 12.3%
FY18
SNA 18.0%
TKR 13.1%
FY19
SNA 17.4%
TKR 12.2%
FY20
SNA —
TKR 9.7%
FY21
SNA —
TKR 11.6%
FY22
SNA 19.6%
TKR 12.1%
FY23
SNA 19.9%
TKR 11.7%
FY24
SNA 19.9%
TKR 9.9%
FY25
SNA 19.2%
TKR 8.6%
SNA
TKR
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.