Other Income & Expense
Interest Expense
Snap-on Interest Expense decreased by 7.5% to $12.4M in Q1 2026 compared to the prior quarter. Year-over-year, this metric was flat by 0.0%, from $12.4M to $12.4M. Over 4 years (FY 2021 to FY 2025), Interest Expense shows relatively stable performance with a -1.2% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementIncome Statement
SectionOther Income & Expense
CategoryLeverage
SignalLower is better
VolatilityStable
First reportedQ1 2013
Last reportedQ1 2026Apr 23, 2026
How to read this metric
An increase suggests higher debt levels or rising interest rates, which may reduce net profitability and increase financial risk.
Detailed definition
Interest expense represents the cost incurred by an entity in connection with the borrowing of funds. It reflects the fi...
Peer comparison
Varies significantly based on industry capital intensity and credit ratings.
Metric ID:
interest_expenseHistorical Data
21 periods
| Q1 '21 | Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $14.3M | $14.3M | $13.2M | $11.3M | $11.6M | $11.7M | $11.8M | $12M | $12.4M | $12.6M | $12.4M | $12.5M | $12.5M | $12.3M | $12.5M | $12.3M | $12.4M | $12.3M | $12.4M | $13.4M | $12.4M |
| QoQ Change | — | +0.0% | -7.7% | -14.4% | +2.7% | +0.9% | +0.9% | +1.7% | +3.3% | +1.6% | -1.6% | +0.8% | +0.0% | -1.6% | +1.6% | -1.6% | +0.8% | -0.8% | +0.8% | +8.1% | -7.5% |
| YoY Change | — | — | — | — | -18.9% | -18.2% | -10.6% | +6.2% | +6.9% | +7.7% | +5.1% | +4.2% | +0.8% | -2.4% | +0.8% | -1.6% | -0.8% | +0.0% | -0.8% | +8.9% | +0.0% |
Range$11.3M – $14.3M
CAGR-2.8%
Avg YoY Growth-0.7%
Median YoY Growth+0.0%
Interest Expense at Other Companies
Frequently Asked Questions
- What is Snap-on's interest expense?
- Snap-on (SNA) reported interest expense of $12.4M in Q1 2026.
- How has Snap-on's interest expense changed year-over-year?
- Snap-on's interest expense decreased by 0.0% year-over-year, from $12.4M to $12.4M.
- What is the long-term trend for Snap-on's interest expense?
- Over 4 years (2021 to 2025), Snap-on's interest expense has grown at a -1.2% compound annual growth rate (CAGR), from $53.1M to $50.5M.
- What does interest expense mean?
- The cost of borrowing money, paid as interest on debt.