SNA · Industrials · $21.0B mkt cap · FY2025 filings · · not refreshed in 37 days · Wide moat ·
On the watchlist
2021–2025 (latest 5 aligned FYs; v3 window cap 5): revenue $4.2B to $4.7B, increasing; diluted EPS 14.92 to 19.19, increasing.
Median gross margin 45.8% over 2y, very stable.
Median ROIC 23.8%, above the 12% hurdle in 100% of years.
Net debt/EBITDA n/ax, interest coverage 26x.
Owner earnings changed +7.1%/yr over up to the ten most recent annual observations.
A cautious baseline, not a price target: what the shares may support if normalized owner earnings simply hold steady.
What today’s price assumes: owner earnings growing ~13%/yr over 5 years. The zero-growth estimate assumes owner earnings stay flat (0% growth).
We solve for the constant annual change in owner earnings that would make the five-year zero-growth estimate equal today’s price. This keeps the existing model inputs and calculation unchanged; it is an expectations lens, not a forecast.
This zero-growth estimate assumes trailing owner earnings persist — unreliable for declining businesses. The recent FY revenue series does not trigger the three-consecutive-declines flag.
Among the current top-score group, the median current price is 239% above the zero-growth estimate across 48 of the current top 50 companies by Moat Score with both values.
Score records captured Jul 26, 2026.
FTNT, META, MEDP, IBEX, MSFT, GOOGL, LULU, ANF, IDXX, TXRH, FHI, QLYS, FFIV, ADBE, LLY, MANH, VEEV, GRMN, SSD, MNST, DOCS, MCO, CPRT, NTAP, LRCX, NVDA, CORT, SFM, MPTI, ULTA, SN, RMD, ROL, PAYC, IRMD, INTU, DECK, MORN, LGCY, DAL, GWW, ISRG, MPWR, CTAS, LOPE, MRK, CMG, FAST, BKNG, ORLY
Missing a usable price or zero-growth estimate: ANF, BKNG.
Model details under moat-index@3.0.0: zero-growth multiple 11.1×, capped-growth comparison at no more than 18×; 9% discount rate; high-end growth 4% (capped at 4%) using min(5y revenue CAGR, 5y diluted-EPS CAGR), clamped to 0%–4%; maintenance capex uses min(capex, D&A); abstain when D&A is unavailable. This is a disclosed model range, not intrinsic value as fact.
Across the filed record, revenue grew from $2.9B (FY2008) to $4.7B (FY2025) — about 3.0% a year compounded over 17 years.
It earned 24.0% on invested capital in the latest filed year, FY2025. Across the full 18-year measurable filed record, median ROIC was 23.7%. Over the v3 recent window (10 measurable filed years), median ROIC was 23.8%. The Returns on Capital filter above scores it 100/100.
SNA's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.
Put together: Returns on Capital is the strongest of the five filters (100/100) and Balance-Sheet Safety the weakest (73/100), which is how SNA lands at 82/100 — a Wide moat.
This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.
Gaps in a line mean that item isn’t in SNA’s filings for that year. The series is never interpolated or estimated. The Table view lists every filed value, including operating and net margins, total debt, and share count.
Flagship explainer
Snap-on Inc's filing does not supply enough comparable lines for a truthful flow chart — here's what is filed:
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $4.7B | 100% |
| |
| $1.3B | 28% |
| |
| Income before tax | $1.3B | 28% |
|
| Income tax | $294M | 6% |
|
| $1.0B | 22% |
|
Flagship explainer
Snap-on Inc's filing tags don't support a full breakdown — here's what is filed:
| Filed line | Value | % of assets | Source |
|---|---|---|---|
| Total assets | $8.4B | 100% |
|
| Cash and equivalents | $1.6B | 19% |
|
| Stockholders’ equity | $5.9B | 71% |
|
Flagship explainer
ROE is five filed business factors multiplied together.
| Input | Value | Fiscal year | Source |
|---|---|---|---|
| $1.0B | FY2025 |
| |
| Income before tax | $1.3B | FY2025 |
|
| Operating income | $1.3B | FY2025 |
|
| $4.7B | FY2025 |
| |
| Ending assets | $8.4B | FY2025 |
|
| Beginning assets | $7.9B | FY2024 |
|
| $5.9B | FY2025 |
| |
| $5.4B | FY2024 |
|
Flagship explainer
Snap-on Inc’s filing does not supply enough provenance-matched cash-flow lines for a truthful flow chart — here’s what is filed:
| Filed line | Value | % of cash from operations | Source |
|---|---|---|---|
| Cash from operations | $1.1B | 100% |
|
| Depreciation and amortization | $98.5M | 9% |
|
Curated 19-manager tier
Delayed public 13F reports for 2026-Q2—not live positions, trades, or recommendations.
0 holding0 exited1 not holding1/19 resolved18 not retrieved
| Manager | Reported position | Quarter-over-quarter | Filing accession |
|---|---|---|---|
| Markel / Markel-Gayner | No position reported | No position reported |
|
| Abrams Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Akre Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Baupost Group | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Berkshire Hathaway | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Brave Warrior Advisors | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Dodge & Cox | Not retrieved | Comparison not retrieved | Filing not retrieved |
| First Eagle | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Fundsmith | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Gardner Russo & Quinn | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Gates Foundation Trust | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Mairs & Power | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Oakmark / Harris Associates | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Pershing Square | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Polen Capital | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Sequoia / Ruane Cunniff | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Southeastern Asset Management | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Tweedy, Browne | Not retrieved | Comparison not retrieved | Filing not retrieved |
| Yacktman Asset Management | Not retrieved | Comparison not retrieved | Filing not retrieved |
Position size uses shares and filed value from each manager’s 13F. Portfolio weight uses the eligible long-share filing denominator. Changes compare only with the immediately preceding calendar quarter.
Flagship explainer
Records still being gathered — partial as of retrieval Sep 1, 2026.
Partial coverage: the incomplete Form 4 walk cannot establish no activity, an activity date, or zero counts.
Breaks in the line mark methodology or normalizer upgrades — readings across versions aren’t compared, so a level shift there isn’t a change in the business.
Tier changesSame-methodology and same-normalizer crossings of the Wide / Narrow / Shallow bars
Scores are logged append-only and never overwritten — this record cannot be reconstructed retroactively, which is exactly why it’s worth keeping.
Form 4 reports mix P/S market or private transactions with compensation-plan mechanics. Activity casually described as “insider selling” can include compensation mechanics; awards, tax withholding, and option exercises are shown by their exact filed class here, never collapsed into “Bought” or “Sold.”
These are disclosed filing facts and arithmetic aggregates, not a signal or verdict.
This machine-readable surface covers SEC ownership filings from 2003; it does not represent earlier paper-era records.
Records still being gathered — partial as of retrieval Sep 1, 2026.
287 filings were skipped because the SEC primary document returned 404; the omission is disclosed and aggregates are withheld.
Trailing-12-month totals and the 90-day cluster result are withheld because this issuer walk is incomplete.
| Insider | Shares owned after | Date | Filing detail | ||||
|---|---|---|---|---|---|---|---|
| OZOLINS MARTY V.Vice President & Controller | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event | 800 | $168.70 | $134,960 | 2,325.801 | Aug 26, 2026 | 1 filed lot
|
| OZOLINS MARTY V.Vice President & Controller | Open-market or private sale (S)Table I · Disposed · Common Stock | 800 | $400.00 | $320,000 | 1,525.801 | Aug 26, 2026 | 1 filed lot
|
| OZOLINS MARTY V.Vice President & Controller | Exercise or conversion of derivative security (M)Table II · Disposed · Stock Option (Right to Buy) · 1 paired event | 800 | Not disclosed | Not disclosed | 0 | Aug 26, 2026 | 1 filed lot
|
| PINCHUK NICHOLAS TDirector, Chairman, President and CEO | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event | 33,750 | $168.70 | $5,693,625 | 890,667.9587 | Aug 18, 2026 | 1 filed lot
|
| PINCHUK NICHOLAS TDirector, Chairman, President and CEO | Open-market or private sale (S)Table I · Disposed · Common Stock | 22,889 | $399.6902 | $9,148,509 | See lot detail | Aug 18, 2026 | 5 filed lots
|
| PINCHUK NICHOLAS TDirector, Chairman, President and CEO | Exercise or conversion of derivative security (M)Table II · Disposed · Stock Option (Right to Buy) · 1 paired event | 33,750 | Not disclosed | Not disclosed | 33,750 | Aug 18, 2026 | 1 filed lot
|
| Pagliari Aldo JohnSr VP - Finance & CFO | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 1 paired event | 8,000 | $168.70 | $1,349,600 | 126,175.1183 | Aug 13, 2026 | 1 filed lot
|
| Pagliari Aldo JohnSr VP - Finance & CFO | Open-market or private sale (S)Table I · Disposed · Common Stock | 5,531 | $404.2483 | $2,235,898 | See lot detail | Aug 13, 2026 | 6 filed lots
|
| Pagliari Aldo JohnSr VP - Finance & CFO | Exercise or conversion of derivative security (M)Table II · Disposed · Stock Option (Right to Buy) · 1 paired event | 8,000 | Not disclosed | Not disclosed | 10,000 | Aug 13, 2026 | 1 filed lot
|
| Lemerand June CVP & Chief Information Officer | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 2 paired events | 2,400 | $164.94 | $395,856 | See lot detail | Aug 11, 2026 | 2 filed lots
|
| Lemerand June CVP & Chief Information Officer | Open-market or private sale (S)Table I · Disposed · Common Stock | 4,352 | $413.6629 | $1,800,261 | See lot detail | Aug 11, 2026 | 3 filed lots
|
| Lemerand June CVP & Chief Information Officer | Exercise or conversion of derivative security (M)Table II · Disposed · Stock Option (Right to Buy) · 2 paired events | 2,400 | Not disclosed | Not disclosed | See lot detail | Aug 11, 2026 | 2 filed lots
|
| Boyd IainVP - Operations Development | Exercise or conversion of derivative security (M)Table I · Acquired · Common Stock · 3 paired events | 1,878 | $219.7569 | $412,703 | See lot detail | Aug 6, 2026 | 3 filed lots
|
| Boyd IainVP - Operations Development | Open-market or private sale (S)Table I · Disposed · Common Stock | 1,878 | $423.00 | $794,394 | 13,583.0218 | Aug 6, 2026 | 1 filed lot
|
| Boyd IainVP - Operations Development | Exercise or conversion of derivative security (M)Table II · Disposed · Stock Option (Right to Buy) · 3 paired events | 1,878 | Not disclosed | Not disclosed | See lot detail | Aug 6, 2026 | 3 filed lots
|
Source-event as of . Retrieved .
How Snap-on Inc’s moat rated in each of the years we can reconstruct from its filings — scored only on what was knowable at the time — and what its price and returns did afterward. The score never saw a price; the two are joined only in hindsight, for education, not as a signal.
How to read this: each dot is what the engine would have scored SNA on that December 31; the line below is its total-return price path (dividends reinvested) in the years since.
Two tracks, one timeline: the score has its own 0–100 scale (top), the price its own 100-based scale (bottom) — never a shared axis. The price path is a total-return (dividends reinvested) index built from the same data the forward returns use; gaps in the score line are years with no reconstructed rating (see the table for why). The Table view carries every value.
In the 8 years SNA rated Wide-moat (2017, 2018, 2019, 2020, 2022, 2023, 2024 and 2025), the median forward total return that followed — measured only after each year’s filings were public — was:
These are medians computed from the data, not a claim about any one year. The company figures are total returns (dividends reinvested); the S&P 500 is the price-only ^GSPC index, which excludes dividends and so understates the index — the gap flatters the company. A quality rating is not a return forecast, and past returns don’t predict future ones. Educational only, not investment advice.
#14 of 446 scored Industrials companies, ranked by Moat Score.
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