SWK (Stanley Black & Decker) Operating Income: $1,233 Mil (TTM As of Mar. 2026)


SWK Stanley Black & Decker Inc SWK
73 GF Score
Price $91.98
GF Value $82.16
Valuation Modestly Overvalued
! 11 Warning Signs
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What is Stanley Black & Decker Operating Income?

Stanley Black & Decker SWK -0.36% 73 Operating Income is $1,233 Mil as of Mar. 2026. GuruFocus rates SWK with a GF Score™ of 73/100 and a GF Value™ of $82.16 (Modestly Overvalued). The stock has 11 warning signs investors should review.

Stanley Black & Decker's Operating Income for the three months ended in Mar. 2026 was $231 Mil. Its Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 was $1,233 Mil.

Operating Margin % is calculated as Operating Income divided by its Revenue. Stanley Black & Decker's Operating Income for the three months ended in Mar. 2026 was $231 Mil. Stanley Black & Decker's Revenue for the three months ended in Mar. 2026 was $3,846 Mil. Therefore, Stanley Black & Decker's Operating Margin % for the quarter that ended in Mar. 2026 was 6.02%.

Warning Sign:

Stanley Black & Decker Inc operating margin has been in a 5-year decline. The average rate of decline per year is -11.3%.

Stanley Black & Decker's 5-Year average Growth Rate for Operating Margin % was -11.30% per year.

Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition. Stanley Black & Decker's annualized ROC % for the quarter that ended in Mar. 2026 was 3.77%. Stanley Black & Decker's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 was 21.70%.

Stanley Black & Decker  (NYSE:SWK) Operating Income Explanation

1. Operating Income or EBIT is linked to Return on Capital for both regular definition and Joel Greenblatt's definition.

Stanley Black & Decker's annualized ROC % for the quarter that ended in Mar. 2026 is calculated as:

ROC % (Q: Mar. 2026 )
=NOPAT/Average Invested Capital
=Operating Income * ( 1 - Tax Rate % )/( (Invested Capital (Q: Dec. 2025 ) + Invested Capital (Q: Mar. 2026 ))/ count )
=925.6 * ( 1 - 29.72% )/( (17111.4 + 17403.5)/ 2 )
=650.51168/17257.45
=3.77 %

where

Invested Capital(Q: Dec. 2025 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21243.7 - 3852.2 - ( 280.1 - max(0, 5245.7 - 5979+280.1))
=17111.4

Invested Capital(Q: Mar. 2026 )
=Total Assets - Accounts Payable & Accrued Expense - Excess Cash
=Total Assets - Accounts Payable & Accrued Expense - ( Cash, Cash Equivalents, Marketable Securities - max(0, Total Current Liabilities - Total Current Assets+Cash, Cash Equivalents, Marketable Securities))
=21599.8 - 3862.6 - ( 333.7 - max(0, 5716.6 - 6506.8+333.7))
=17403.5

Note: The Operating Income data used here is four times the quarterly (Mar. 2026) data.

2. Joel Greenblatt's definition of Return on Capital:

Stanley Black & Decker's annualized ROC (Joel Greenblatt) % for the quarter that ended in Mar. 2026 is calculated as:

ROC (Joel Greenblatt) %(Q: Mar. 2026 )
=EBIT/Average of (Net fixed Assets + Net Working Capital)
=EBIT/Average of (Property, Plant and Equipment+Net Working Capital)
     Q: Dec. 2025  Q: Mar. 2026
=EBIT/( ( (Property, Plant and Equipment + Net Working Capital) + (Property, Plant and Equipment + Net Working Capital) )/ count )
=791.6/( ( (1831.8 + max(1602, 0)) + (1763.1 + max(2099.3, 0)) )/ 2 )
=791.6/( ( 3433.8 + 3862.4 )/ 2 )
=791.6/3648.1
=21.70 %

where Working Capital is:

Working Capital(Q: Dec. 2025 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(775 + 4157.1 + 622.1) - (3852.2 + 27.3 + 72.7)
=1602

Working Capital(Q: Mar. 2026 )
=(Accounts Receivable + Total Inventories + Other Current Assets) - (Accounts Payable & Accrued Expense + Defer. Rev. + Other Current Liabilities)
=(1284 + 4059 + 675.7) - (3862.6 + 0 + 56.8)
=2099.3

When net working capital is negative, 0 is used.

Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

3. Operating Income is also linked to Operating Margin %:

Stanley Black & Decker's Operating Margin % for the quarter that ended in Mar. 2026 is calculated as:

Operating Margin %=Operating Income (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=231.4/3846.4
=6.02 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

4. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the Operating Income growth rate using Operating Income per share data.

Be Aware

Compared with a company's EBITDA margin, Operating Margin can be manipulated by adjusting the rate of depreciation, depletion and amortization (DDA).

If a company is facing competition, its Operating Margin may decline. Often the Operating Margin declines well before the company's revenue or even profit decline. Therefore, Operating Margin is a very important indicator of whether the company is facing problems.

For instance, by 2012, Nokia (NOK)'s problems were well known and its stock had lost more than 90% of its market value since 2007. But Nokia's Operating Margin had already been in decline since 2002, although its earnings per share were still rising. Investors who paid attention to Operating Margin would have avoided this huge loss. The same can be said for Research-in-Motion (RIMM).

Therefore, Operating Margin is a very important screening filter for GuruFocus. GuruFocus's Buffett-Munger screener requires that the profit margin is either consistent or expanding. The Model Portfolio of the Buffett-Munger screener has outperformed the market every year since inception in 2009.

Stanley Black & Decker Operating Income Related Terms

Stanley Black & Decker Operating Income Historical Data

* Premium members only.

The historical data trend for Stanley Black & Decker's Operating Income can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Stanley Black & Decker Operating Income Chart

Stanley Black & Decker Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Operating Income
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1,899.10 914.10 641.90 1,181.70 1,255.40

Stanley Black & Decker Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Operating Income Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 206.30 193.40 388.10 420.10 231.40
SWK
73GF Score
Stanley Black & Decker Inc SWK
Operating Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Stanley Black & Decker Operating Income Calculation

Operating Income, is the profit a company earned through operations. All expenses, including cash expenses such as cost of goods sold (COGS), research & development, wages, and non-cash expenses, such as depreciation, depletion and amortization, have been deducted from the sales.

Operating Income for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,233 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Operating Income →
What does a Operating Income of $1,233 Mil mean?
Stanley Black & Decker (SWK) has a Operating Income of $1,233 Mil as of Mar. 2026. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Stanley Black & Decker and its competitors.
Is Stanley Black & Decker's Operating Income too high?
Stanley Black & Decker's current Operating Income is $1,233 Mil. Overall, Stanley Black & Decker has a GF Score™ of 73/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Stanley Black & Decker's Operating Income compare to LECO and TKR?
Stanley Black & Decker's Operating Income of $1,233 Mil can be compared against companies in the Industrial Products industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Operating Income for an Industrial Products company?
A good Operating Income depends on the Industrial Products industry context. However, Operating Income should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Operating Income mean?
A high Operating Income can signal that a stock is expensive relative to its fundamentals. Operating Income equals sales less all operating expenses. It is linked to EBIT. View historical data on Stanley Black & Decker and its competitors. Stanley Black & Decker's current Operating Income is $1,233 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stanley Black & Decker stock overvalued right now?
Based on GuruFocus' analysis, Stanley Black & Decker (SWK) is currently considered Modestly Overvalued. The stock's GF Value™ is $82.16, compared to a current price of $91.98 — trading 12% above its estimated fair value. The current Operating Income is $1,233 Mil. Stanley Black & Decker's overall GF Score™ is 73/100 with 11 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Operating Income calculated?
Operating Income is calculated from a company's financial statements. For Stanley Black & Decker (SWK), the current Operating Income is $1,233 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Stanley Black & Decker (SWK) Overvalued in 2026?

Based on GuruFocus' analysis, Stanley Black & Decker stock appears to be overvalued. The current stock price of $91.98 is trading 12% above its estimated GF Value™ of $82.16. GuruFocus considers Stanley Black & Decker to be Modestly Overvalued.

Key valuation signals for SWK:

  • Operating Income: $1,233 Mil
  • GF Value™: $82.16 vs. price of $91.98 (12% above fair value)
  • GF Score™: 73/100 with 11 warning signs

No single metric tells the full story. See the SWK stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Stanley Black & Decker Business Description

Address 1000 Stanley Drive, New Britain, CT, USA, 06053
Stanley Black & Decker Inc offers hand tools, power tools, outdoor products, engineered fastening solutions, and related accessories. The company operates in two reportable business segments: Tools & Outdoor and Engineered Fastening. The majority of its revenue is generated from the Tools & Outdoor segment, which is comprised of the Power Tools Group (PTG), Hand Tools, Accessories and Storage (HTAS), and Outdoor Power Equipment (Outdoor) product lines. This segment's product offerings include drills, impact wrenches and drivers, grinders, saws, hammers, demolition tools, clamps, vises, knives, edge trimmers, lawn mowers, etc., which are offered through brands like Hustler, Dewalt, Craftsman, Stanley, and others. Geographically, the firm derives maximum revenue from the United States.
73GF Score

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Operating Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$91.98
Price
$82.16
GF Value