Stanley Black & Decker manufactures branded power tools, hand tools, outdoor equipment and engineered fastening products. Its brands include DEWALT, CRAFTSMAN, STANLEY, BLACK+DECKER and Cub Cadet. It reports Tools & Outdoor and Engineered Fastening segments and trades on the NYSE as SWK.
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A snapshot of what STANLEY BLACK & DECKER, INC. owns and owes at a point in time.
Read the company’s balance sheet in the original annual reports below.
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3 reports in this collection
| Report period | Filed with SEC | Form | Source |
|---|---|---|---|
| Dec 30, 20230000093556-24-000032 | Feb 27, 2024 | 10-K | Open 10-Ksec.gov |
| Dec 28, 20240000093556-25-000007 | Feb 18, 2025 | 10-K | Open 10-Ksec.gov |
| Jan 3, 20260000093556-26-000009 | Feb 24, 2026 | 10-K | Open 10-Ksec.gov |
Dates describe the filing metadata. Figures and reporting periods should be checked against the original statement. SEC links open in a new tab.
Stanley Black & Decker has rebuilt profitability mainly through pricing, supply-chain savings and portfolio changes rather than sustained sales growth. Fiscal 2025 earnings improved despite lower revenue, but operating cash flow declined. Subsequent 2026 results show stronger second-quarter tool volumes and margins, although tariff refunds benefited both GAAP and adjusted earnings, and the CAM (Consolidated Aerospace Manufacturing, its aerospace manufacturing business) disposal substantially increased GAAP profit. That completed sale also supported actual debt reduction and renewed share repurchases. The September agreement to sell Excel and Hustler-related assets remains conditional, with consideration undisclosed. The central question is whether the remaining businesses can sustain stronger margins and cash generation without disposal gains or further refunds, while managing tariff changes, concentrated retail customers, continuing restructuring and unresolved environmental and litigation exposures.
Sources: 10-K · 2026-01-03 · 10-Q · 2026-07-04 · EX-99.1 · 2026-07-29 · 8-K · 2026-09-01 · EX-99.1 · 2026-09-01
Tools & Outdoor generated approximately 87% of fiscal 2025 revenue, spanning power tools, hand tools, accessories, storage and outdoor equipment. Engineered Fastening supplies application-specific components and systems to automotive, industrial, electronics, construction and aerospace customers. Most revenue arises when tangible products transfer to customers. Tools reach users mainly through retailers, distributors and dealers; fastening relies more heavily on direct sales. Profitability therefore depends on product mix, factory utilization, sourcing costs, pricing and channel inventories—not simply brand recognition.
Home Depot and Lowe's represented approximately 15% and 12% of 2025 sales. Their scale provides broad distribution but limits pricing flexibility, while retailer inventory adjustments can separate company shipments from end-user demand. Professional-tool strength has repeatedly coexisted with weaker consumer and DIY demand. The proposed Excel sale and gas walk-behind licensing transition narrow parts of Outdoor, but management remains committed to the broader category.
Sources: 10-K · 2026-01-03 · 10-Q · 2026-07-04 · EX-99.1 · 2026-09-01
Fiscal 2025 sales were $15.130 billion, compared with $15.366 billion in 2024 and $15.781 billion in 2023. Management's 2025 bridge attributes the decline to lower volume and the Infrastructure disposal, partly offset by pricing. GAAP gross margin nevertheless improved to 30.3%, and net income reached $401.9 million, versus $294.3 million in 2024 and a $310.5 million loss in 2023. Pricing, supply-chain efficiencies and lower environmental charges helped; tariffs, inflation, weak volumes and increased impairments offset part of the improvement.
Management reported completing its cost-reduction program with approximately $2.1 billion of pretax annualized run-rate savings. That is not an additional profit or cash receipt: benefits are already reflected as realized, some funded reinvestment, and footprint spending continues. Adjusted 2025 continuing EPS was $4.67 versus GAAP EPS of $2.65. Fiscal 2025 also contained 53 weeks rather than 52; the extra week's contribution was not quantified.
Sources: 10-K · 2026-01-03
Annual operating cash flow declined from $1.191 billion in 2023 to $1.107 billion in 2024 and $971.2 million in 2025. The 2023 recovery depended heavily on inventory reduction; subsequent earnings improvement did not overcome other working-capital and liability movements. Company-defined free cash flow—operating cash flow less capital and software spending—was $687.9 million in 2025, before $500.6 million of dividends, debt service and other capital allocation.
After the annual filing, first-half 2026 operating cash flow improved to $374.3 million from an outflow of $205.7 million. Free cash flow was $250.9 million, almost matched by $250.3 million of dividends. CAM sale proceeds, classified as investing cash flow, supported broader debt reduction and repurchases. At July 4, cash was $592.4 million and borrowings at carrying value were $4.758 billion, excluding leases and other obligations.
Sources: 10-K · 2023-12-30 · 10-K · 2024-12-28 · 10-K · 2026-01-03 · 10-Q · 2026-07-04
CAM (Consolidated Aerospace Manufacturing, its aerospace manufacturing business) was sold to Howmet on April 6, 2026 for approximately $1.8 billion cash, producing a $276.7 million pretax gain. Second-quarter sales were essentially flat at $3.961 billion despite 3% organic growth. GAAP EPS was $2.33 and adjusted EPS $1.57; both included approximately $0.17 from net tariff refunds. The refund is therefore not removed by the adjusted presentation. Productivity and favorable mix also helped margins, while European organic tool sales remained weak.
The September 1 Excel agreement, announced September 4, remains subject to regulatory approval and customary conditions. Price, net proceeds and closing timing are undisclosed in the supplied evidence. Management expects no adjusted-EPS dilution, but the supporting economics are not quantified. The latest supplied financial outlook, issued July 29, projects 2026 adjusted EPS of $5.20–$5.80 and free cash flow of $600–$800 million; it incorporates the recognized refund and projected CAM taxes and fees, but excludes additional refunds.
Sources: 8-K · 2026-04-06 · 10-Q · 2026-07-04 · EX-99.1 · 2026-07-29 · 8-K · 2026-09-01 · EX-99.1 · 2026-09-01
Tariff mitigation depends on customer acceptance of pricing, manufacturing changes and component availability. Moving production to Mexico did not avoid all new tariffs, and rare-earth restrictions caused shortages. Environmental reserves were $249.8 million at July 4, but some remaining exposures cannot be estimated. Product-reporting enforcement and securities litigation were unresolved. June refinancing provided $3.0 billion of undrawn commitments, not cash; actual covenant coverage and headroom were not disclosed.
Sources: 10-K · 2026-01-03 · 10-Q · 2026-07-04 · 8-K · 2026-06-18
USD 15.7811 bn
FY2023 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 52
| Fiscal year | Value | YoY |
|---|---|---|
| 2023 | USD 15.7811 bn | — |
Consolidated net sales from continuing operations; includes CAM and Infrastructure.
Sources: 10-K · 2026-01-03
USD 15.3657 bn
FY2024 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 52
| Fiscal year | Value | YoY |
|---|---|---|
| 2024 | USD 15.3657 bn | — |
Consolidated net sales from continuing operations; includes CAM and Infrastructure through its disposal.
Sources: 10-K · 2026-01-03
USD 15.1304 bn
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency · weeks: 53
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 15.1304 bn | — |
Consolidated net sales from continuing operations; includes CAM and Infrastructure through its disposal.
Sources: 10-K · 2026-01-03
USD -310.5 m
FY2023 · GAAP · consolidated · Attribution: parent · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2023 | USD -310.5 m | — |
GAAP net earnings or loss including continuing and discontinued operations.
Sources: 10-K · 2026-01-03
USD 401.9 m
FY2025 · GAAP · consolidated · Attribution: parent · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 401.9 m | 36.6% |
| 2024 | USD 294.3 m | — |
GAAP net earnings including continuing and discontinued operations.
Sources: 10-K · 2026-01-03
USD 971.2 m
FY2025 · GAAP · consolidated · Attribution: consolidated · Reported currency
| Fiscal year | Value | YoY |
|---|---|---|
| 2025 | USD 971.2 m | -12.3% |
| 2024 | USD 1.1069 bn | -7.1% |
| 2023 | USD 1.1913 bn | — |
Net cash provided by operating activities in the consolidated cash-flow statement.
Sources: 10-K · 2026-01-03
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