CluenexSnap-on SNA
Snap-on scores good on business quality (6.8 of 10). Here is why, in plain words, and what our sealed record shows.
Why it matters
- What Snap-on does
Snap-on designs and distributes professional tools and equipment, selling directly to technicians and repair shops through a van network and diagnostics software subscriptions.
- What it does best
Snap-on commands elite pricing power through its direct-van distribution model, yielding an 83rd-percentile gross margin of 51.8% that easily outpaces peer Ingersoll Rand's 42.8%. This network creates an entrenched relationship with mechanics who rely on daily service.
- The main risk
Top-line growth has nearly stalled at 0.9%, leaving the business vulnerable if industrial demand softens further and tool purchases slow down across its core repair shop base.
Quality, check by check
Scored against its own industry, from company filings.
Operating margin hits 25.4% and ranks in the 91st sector percentile, driven by premium pricing. This business scales efficiently, turning robust gross margins into steady cash.
A top-decile gross margin of 51.8% anchors a brand moat that locks in professional technicians who refuse to compromise on tool reliability, far exceeding peer Xylem's 39.2% margin.
Revenue grew just 0.9% to $5.3B, continuing a multi-year trend of flatlined top-line performance that sits in the bottom quartile of its sector at the 27th percentile.
Debt-to-equity sits at a modest 0.2x with interest coverage of 26.6x, making debt servicing effortless. Free cash flow reached $1.1B, showing the balance sheet is getting stronger.
Insiders
Executives and directors, from SEC Form 4 filings we read ourselves. Open market trades only; grants, option exercises and pre-planned sales left out.
1 sold $1.8M outside pre-planned sales.
Our sealed record on SNA
Verdicts appear here 30 days after we publish them; members see today's. Each one is in the nightly ledger, fingerprinted the night it was made.
The first sealed verdicts appear here on Oct 11, 2026.
Questions
Snap-on scores good on the Cluenex quality check (6.8 of 10), measured against its own industry. Profitability is strong, moat strong, growth slow and financial health strong.
In the last 90 days of SEC Form 4 filings: 1 sold $1.8M outside pre-planned sales.
Oct 22, 2026.
See SNA today
- Today's verdict on SNA, and why
- Fair value with cautious, base and optimistic cases
- The exact price that would change the verdict
- Which stocks each signal names, the night it fires
Cite this page: Cluenex, “Snap-on (SNA)”, https://cluenex.com/stocks/sna/, data as of Oct 10, 2026.