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STANLEY BLACK & DECKER, INCSWK)の決算・業績分析

STANLEY BLACK & DECKER, INCの2025年有価証券報告書をAI分析。売上高$15.1B(-1.5%)。Industrials

目次
SUMMARY — 業績サマリー

STANLEY BLACK & DECKER, INC2025年度 業績サマリー

STANLEY BLACK & DECKER, INC(証券コード: SWK)の2025年度決算・業績分析。売上高は$15.1B(前年比-1.5%)。純利益は$402M(前年比+36.6%)。有価証券報告書を基に、業績変化の要因・リスク・見通し・セグメント構成を AI が分析しました。

STANLEY BLACK & DECKER, INC2024年度 注目ポイント

※ 直近の2025年度XBRLデータは取込済みですが、AI分析は2024年度の10-Kを対象としています。

  1. Revenue grew 10.9% YoY to $16.9B (XBRL), but net income fell 37.1% YoY to $1.1B (XBRL).
  2. Net debt rose to $5.7B (6.0x EBITDA) (XBRL), despite $2.3B in share repurchases (XBRL).
  3. Operating cash flow turned negative to -$1.5B (XBRL), while CapEx reached $530M (XBRL).

STANLEY BLACK & DECKER, INCの売上高変化の要因

  • FY2024 revenue reached $16.9B (+10.9% YoY) (XBRL), driven by the Tools & Outdoor segment (87% of total revenue) (10-K). Historical data shows revenue volatility, peaking at $16.9B in FY2024 after declining to $15.3B in FY2023 (XBRL). No segment-specific revenue or geographic breakdowns are provided in the XBRL data or 10-K text (XBRL).

STANLEY BLACK & DECKER, INCの営業利益変化の要因

  • Operating margin declined to 3.4% (XBRL), while net margin fell to 6.3% (XBRL). Net income dropped 37.1% YoY to $1.1B (XBRL), despite EBITDA rising to $941M (5.5% of revenue) (XBRL). Operating income increased to $571M (XBRL), but historical data shows net income peaked at $1.7B in FY2023 before declining (XBRL).

STANLEY BLACK & DECKER, INCの事業リスクと対応

Supply chain disruptions from geopolitical tensions and global shortages affecting sourcing from South Korea, China, and Taiwan (10-K).

Port and transportation issues, including freight costs, labor disputes, and port capacity delays (10-K).

Inventory management risks due to excess or obsolete stock impacting profitability (10-K).

Supplier reliability risks, including quality and compliance with laws for critical suppliers (10-K).

Global trade risks from tariffs, quotas, and regulatory changes impacting import costs and operations (10-K).

STANLEY BLACK & DECKER, INCの今後の見通し・業績予想

Management aims for mid-single-digit organic revenue growth and improved operational efficiency (10-K). The company emphasizes innovation and electrification as growth drivers (10-K).

STANLEY BLACK & DECKER, INCの事業内容

Stanley Black & Decker (SWK) is a global provider of hand tools, power tools, outdoor products, and engineered fastening solutions (10-K). Its primary revenue model is product sales, with 87% of 2024 revenue generated by the Tools & Outdoor segment (10-K), which includes Power Tools, Hand Tools, Accessories & Storage, and Outdoor Power Equipment. The company emphasizes innovation, brand strength (e.g., DEWALT, CRAFTSMAN), and strategic portfolio simplification as competitive advantages (10-K). Revenue is distributed across regions: 62% U.S., 16% Europe, 13% emerging markets, and 5% Canada (10-K).

STANLEY BLACK & DECKER, INCのAI業績分析レポート(2024年度)

Stanley Black & Decker, Inc. (SWK) FY2024 Annual Report Analysis

Highlights

Revenue grew 10.9% YoY to $16.9B (XBRL), but net income fell 37.1% YoY to $1.1B (XBRL).
Net debt rose to $5.7B (6.0x EBITDA) (XBRL), despite $2.3B in share repurchases (XBRL).
Operating cash flow turned negative to -$1.5B (XBRL), while CapEx reached $530M (XBRL).

Business Overview

Stanley Black & Decker (SWK) is a global provider of hand tools, power tools, outdoor products, and engineered fastening solutions (10-K). Its primary revenue model is product sales, with 87% of 2024 revenue generated by the Tools & Outdoor segment (10-K), which includes Power Tools, Hand Tools, Accessories & Storage, and Outdoor Power Equipment. The company emphasizes innovation, brand strength (e.g., DEWALT, CRAFTSMAN), and strategic portfolio simplification as competitive advantages (10-K). Revenue is distributed across regions: 62% U.S., 16% Europe, 13% emerging markets, and 5% Canada (10-K).

Revenue Analysis

FY2024 revenue reached $16.9B (+10.9% YoY) (XBRL), driven by the Tools & Outdoor segment (87% of total revenue) (10-K). Historical data shows revenue volatility, peaking at $16.9B in FY2024 after declining to $15.3B in FY2023 (XBRL). No segment-specific revenue or geographic breakdowns are provided in the XBRL data or 10-K text (XBRL).

Profitability Analysis

Operating margin declined to 3.4% (XBRL), while net margin fell to 6.3% (XBRL). Net income dropped 37.1% YoY to $1.1B (XBRL), despite EBITDA rising to $941M (5.5% of revenue) (XBRL). Operating income increased to $571M (XBRL), but historical data shows net income peaked at $1.7B in FY2023 before declining (XBRL).

Balance Sheet Analysis

Total assets decreased to $23.7B (XBRL), with total equity at $9.1B (XBRL). The equity ratio is 38.3% (XBRL), and current ratio is 1.19x (XBRL). Net debt of $5.7B (6.0x EBITDA) (XBRL) reflects high leverage, though no details on debt maturity or interest rates are disclosed (XBRL).

Cash Flow Analysis

Operating cash flow turned negative to -$1.5B (XBRL), with free cash flow at -$2.0B (XBRL) after $530M in CapEx (XBRL). Dividends paid totaled $466M (XBRL), and share repurchases reached $2.3B (XBRL).

Working Capital Analysis

N/A — No data on receivables, inventory, or payables days is available in the XBRL data or 10-K text (XBRL).

Risks

1.Supply chain disruptions from geopolitical tensions and global shortages affecting sourcing from South Korea, China, and Taiwan (10-K).
2.Port and transportation issues, including freight costs, labor disputes, and port capacity delays (10-K).
3.Inventory management risks due to excess or obsolete stock impacting profitability (10-K).
4.Supplier reliability risks, including quality and compliance with laws for critical suppliers (10-K).
5.Global trade risks from tariffs, quotas, and regulatory changes impacting import costs and operations (10-K).

Outlook

Management aims for mid-single-digit organic revenue growth and improved operational efficiency (10-K). The company emphasizes innovation and electrification as growth drivers (10-K).

Historical Time Series

MetricFY2020FY2021FY2022FY2023FY2024FY2025
Revenue14.0B12.9B12.8B15.3B16.9B15.8B
Operating Income1.9BN/AN/AN/A571MN/A
Net Income605M956M1.2B1.7B1.1B-310M
Total Assets19.4B23.6B28.2B25.0B23.7B21.8B
Total Equity9.1B11.1B11.6B9.7B9.1B8.7B
Operating Cash Flow1.3B1.5B2.0B663M-1.5B1.2B

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