• Snap-On average net profit margin for 2023 was 21.07%, a 5.56% increase from 2022.
• Snap-On average net profit margin for 2022 was 19.96%, a 5.44% increase from 2021.
• Snap-On average net profit margin for 2021 was 18.93%, a 9.74% increase from 2020.

Net profit margin can be defined as net Income as a portion of total sales revenue.