• Snap-On average pre-tax profit margin for 2023 was 27.69%, a 4.81% increase from 2022.
• Snap-On average pre-tax profit margin for 2022 was 26.42%, a 5.55% increase from 2021.
• Snap-On average pre-tax profit margin for 2021 was 25.03%, a 8.78% increase from 2020.

Pre-tax profit margin can be defined as earnings before taxes as a portion of total revenue.