Snap-on Tools, a name synonymous with high-quality hand tools, was founded in 1920 by William G. Burr. Burr, a former machinist, started the company in his garage in Milwaukee, Wisconsin, with a simple yet innovative idea: to manufacture tools that would fit the sockets of wrenches, making them easier to use and more efficient. This pioneering concept laid the groundwork for what would become one of the most recognized brands in the tool industry.

Snap-on’s rise to fame began when Burr’s son, Charles, joined the business in the 1930s. Charles, an engineer, expanded the product line to include a wide range of tools designed for professional mechanics. He also introduced the iconic Snap-on toolbox, a portable, customizable storage solution that allowed mechanics to carry their tools with them, revolutionizing the way they worked. This innovation, coupled with the company’s commitment to quality and durability, helped Snap-on Tools gain traction among professional mechanics, ultimately making the brand a household name in the automotive industry.

Snap On’s Net Worth in 2025

As of 2025, Snap On’s net worth is estimated to be around $16.5 billion, according to the latest available information. This figure reflects the company’s significant growth and success in the tools and equipment industry.

Snap On’s Career

Founded in 1920, Snap On Tools has grown from a small, local business to a global leader in the production of high-quality hand and power tools. The company’s success is built on a commitment to innovation, quality, and customer service.

Snap On’s Other Ventures

In addition to its core tools business, Snap On has expanded into related markets. The company offers franchise opportunities for automotive and industrial customers, and also provides direct sales and service to professional users.

Snap On’s Assets

Snap On’s assets include numerous patents and trademarks, as well as a robust distribution network with operations in more than 130 countries. The company also owns manufacturing facilities and research and development centers around the world.

Snap On’s Annual Income

In 2024, Snap On’s annual revenue was approximately $4.3 billion. The company has consistently generated strong sales and earnings, reflecting its dominant market position and strong brand recognition.

Frequently Asked Questions about  Snap On

What is Snap-on’s net worth?

Snap-on’s net worth is estimated to be over $10 billion.

Who is the CEO of Snap-on Incorporated?

Nick Pinchuk is the current Chairman and Chief Executive Officer (CEO) of Snap-on Incorporated.

When was Snap-on founded?

Snap-on was founded in 1920 by Joseph Johnson and William F. Rockwell.

Where is Snap-on’s headquarters located?

Snap-on’s headquarters is located in Kenosha, Wisconsin, United States.

What are some of Snap-on’s popular products?

Snap-on is known for its hand tools, power tools, diagnostic and information systems, and shop equipment. Their popular brands include Snap-on, Mac, and Blue Point.

How many employees does Snap-on have?

As of 2021, Snap-on Incorporated employs approximately 11,000 people worldwide.

What is Snap-on’s revenue?

Snap-on’s annual revenue is over $4 billion.

Does Snap-on offer any franchising opportunities?

Yes, Snap-on offers franchising opportunities through its Snap-on Tools franchise program.

What is Snap-on’s stock symbol?

Snap-on Incorporated’s stock symbol is SNA on the New York Stock Exchange (NYSE).

What is Snap-on’s mission statement?

Snap-on’s mission statement is “To empower professionals through innovative tools, insights, and solutions.”