Company / R&D Expense
Snap-on R&D Expense History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest R&D Expense
$72.4M
FY2025
5-year range
$57.4M / $72.4M
FY2021-FY2025
Trend
+8.1%
vs FY2024
Sector context
#86 of 174
Industrials
What the data says
At $72M, Snap-on's r&d expense ranks #86 of 174 in the Industrials sector. R&D Expense has increased for 3 consecutive years, from $57M in FY2022 to $72M in FY2025.
Based on SEC 10-K filings.
$72M in FY2025 with a 5-year CAGR of +3.4%.
Improved from $61M to $72M over the past 2 years.
Industrials sector context is included.
R&D Expense over time
Growth rates
- 3-Year CAGR
- +8.0%
- 5-Year CAGR
- +3.4%
- 10-Year CAGR
- -
Sector benchmark
#86 of 174 in IndustrialsTop 49% of 174This company $72.4M Sector average $273.7M
▼
-73.5% below sector average
Key checks
Key Insights
- Snap-on's r&d expense has grown for 3 consecutive years.
- 5-year CAGR of +3.4%, indicating consistent growth.
- In FY2025, r&d expense increased 8.1% year-over-year.
- Ranks #86 out of 174 companies in the Industrials sector.
Annual data
| Year | R&D ExpenseValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $72.4M | +8.1% |
| FY2024 | $67.0M | +9.7% |
| FY2023 | $61.1M | +6.4% |
| FY2022 | $57.4M | -2.9% |
| FY2021 | $59.1M | -3.4% |
| FY2020 | $61.2M | +0.5% |
| FY2019 | $60.9M | +14.0% |
| FY2018 | $53.4M | -12.3% |
| FY2017 | $60.9M | +14.0% |
| FY2016 | $53.4M | +8.3% |
As of FY2025 · SEC 10-K · Updated Jun 30, 2026