Snap-on Inc - Company Profile
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Business Description
Snap-on Inc (Snap-on) is a global innovator, manufacturer, and marketer of tools, equipment, diagnostics, repair information, and systems solutions for professional users. The company serves industries such as vehicle repair, aerospace, military, natural resources, and manufacturing. Snap-on operates in over 130 countries.
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R&D Overview
Snap-on focuses on developing innovative solutions and enhancing its product offerings. The company capitalizes costs incurred in the development of software that will ultimately be sold, from the time technological feasibility has been attained until the product is ready for general release. In 2025, Snap-on capitalized US$18.9 million in software development costs and amortized US$11.6 million of these costs. The company holds approximately 945 active and pending patents in the US and approximately 3,590 active and pending patents outside of the US, which support its position in the market. In FY2025, the company incurred research and engineering costs of US$72.4 million, which as a percentage of revenue stood at 1.4%, and grew 8.1% YoY.
Business Segments
- Snap-on Tools Group
- Commercial and Industrial Group
- Financial Services
- Repair Systems and Information Group
Overview
Primarily serves vehicle service and repair technicians through a multinational mobile tool distribution channel. It focuses on the automotive repair industry. In FY2025, the segment incurred a capital expenditure of US$20.8 million, which declined 47.5% YoY.
Performance
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Overview
Serves a broad range of industrial and commercial customers worldwide, including those in aerospace, natural resources, government and military, power generation, transportation, and technical education markets. It primarily operates through direct and distributor channels. In FY2025, the segment incurred a capital expenditure of US$20.8 million, which grew 7.2% YoY.
Performance
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Overview
Provides financing programs for franchisees and customers, primarily serving vehicle repair technicians. It supports the purchase or lease of tools, diagnostics, and equipment products on extended-term payment plans. In FY2025, the segment incurred a capital expenditure of US$1.0 million, which declined 66.7% YoY.
Performance
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Overview
Serves professional vehicle repair customers worldwide, primarily targeting owners and managers of independent repair shops and original equipment manufacturer dealerships. It operates through direct and distributor channels. In FY2025, the segment incurred a capital expenditure of US$30.9 million, which grew 39.2% YoY.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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