Is the business good?
How good a business is SWK?
Stanley Black & Decker earns 5.1% on the capital it employs against a 9.0% cost of capital, so growth costs more than it returns.
5.1%
Return on invested capital · cost of capital 9.0% · 3.9 points below what the capital costs: growth destroys value
- Operating margin
- 5.6%
Operating margin · Tools & Accessories median 11% · 12 months to Q2 2026
- Cash conversion
- 2.08×
Cash conversion · 0.86× a year ago · every dollar of reported profit arrived as cash, and more
- Share count, year on year
- −0.71%
Share count, year on year · flat: no meaningful dilution
| Year | Operating margin |
|---|---|
| FY2020 | 17% |
| FY2021 | 10% |
| FY2022 | 0.22% |
| FY2023 | −2.4% |
| FY2024 | 1.6% |
| FY2025 | 2.8% |
Details›
- Gross margin12 months to Q2 2026
- 32%
- Operating margin12 months to Q2 2026
- 5.6%
- Net margin12 months to Q2 2026
- 4.1%
- Free cash flow margin
- 8.5%
- Revenue, trailing twelve months
- $15.2B
- Free cash flow, trailing twelve months
- $1.29B
- Net income, trailing twelve months
- $621M
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 5.1%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion from the cash flow statement.
Tools & Accessories
Ranks #6 of 8 by Smart Score