Snap-on Incorporated

Is Snap-on publicly traded?
Yes. Snap-on Incorporated trades on the New York Stock Exchange under the ticker SNA and is a member of the S&P 500.

Who owns Snap-on?
Snap-on is a public company owned by institutional investors and other shareholders. No single owner controls it. Nick Pinchuk is chairman and CEO.

Where is Snap-on headquartered?
Snap-on is headquartered in Kenosha, Wisconsin, where it moved in 1931 after being founded in Milwaukee in 1920.

How does Snap-on sell its tools?
Primarily through about 4,600 franchisee vans that visit repair shops weekly, plus industrial direct sales and distributors in more than 130 countries. Snap-on Credit finances much of the channel.

How much revenue does Snap-on make?
Snap-on reported 2025 net sales of $4,743.2 million and net earnings of $1,016.9 million. Including financial services revenue, total revenue was about $5.16 billion.

What other brands does Snap-on own?
Snap-on owns Blue-Point, Bahco, Hoffmann, Williams, Sioux, CDI, Mitchell1, John Bean, Hofmann, Sun, Challenger, and Cartec, among others.

Joseph Johnson and William Seidemann started the Snap-on Wrench Company in Milwaukee in 1920, commercializing a patent for sockets that snapped onto interchangeable handles. The idea made a technician's toolbox lighter and cheaper, and direct sales to garages made the brand.

The franchise system emerged gradually: salesmen first carried tools shop to shop, and after World War II the company formalized the franchisee van model that now defines it. Snap-on moved to Kenosha in 1931, where it remains.

Growth broadened the company from wrenches to a platform. It added tool storage and power tools, then diagnostics and shop equipment through acquisitions: Bahco in Sweden, Hoffmann in Germany, Williams and Sioux in the U.S., and the repair information business Mitchell1. The company listed on the NYSE in 1978 and entered the S&P 500 in 1982.

Nick Pinchuk, a Snap-on veteran since the 1980s, became CEO in 2007 and has run the company with unusual continuity ever since. His tenure tightened the focus on professional users, expanded diagnostics and software, and kept the dividend growing for decades.

Results in the 2020s have been steady rather than spectacular. Net sales reached $4.74 billion in 2025, up 0.8 percent over 2024, with operating margins above 20 percent and net earnings of $1.02 billion. A $16.2 million legal settlement benefit partly offset rising costs in the year.

Snap-on publishes corporate ESG reporting covering plant energy, safety, waste, and ethics compliance. It holds no major third-party sustainability certification. Its product durability is its strongest environmental argument: hand tools are built for decades of professional use and carry lifetime warranties.

A predominantly North American manufacturing footprint gives it a shorter, more transparent supply chain than offshore tool brands, and the company runs established apprenticeship and trade-school support programs.

Snap-on has appeared on Fortune's World's Most Admired Companies list and is a perennial top pick in professional tool surveys. Its tools win frequent comparison tests, and the company's dividend record, raised annually for decades, earns it recurring mention among industrial dividend payers.

Franchisee relations are the recurring issue. Some operators have alleged in litigation that territory pricing and credit terms left them financially strained, a complaint pattern common to tool-truck franchising. Snap-on defends the model's profitability record.

Product recalls occur occasionally, including battery charger and power tool recalls in recent years for fire risk. The company also absorbs periodic criticism for the cost of technician credit, though no regulatory action is on record.