What is a cash flow waterfall?

A cash flow waterfall is a bar chart that walks from operating cash flow through capital expenditure to free cash flow, then shows how the remaining cash is allocated — acquisitions, buybacks, dividends, debt, and other financing — ending at the net change in cash. Each step is colour-coded: green bars add to the running total, red bars subtract.

How does Snap-on (SNA) spend its free cash flow?

For TTM through Q2 2026, Snap-on generated $1.15B of operating cash flow and $1.08B of free cash flow — a free cash flow margin of 93.5% of operating cash flow. The waterfall breaks down how the remaining cash was allocated across investing and financing activities.

How much did Snap-on (SNA) return via buybacks and dividends?

The waterfall shows buybacks (share repurchases) and dividends paid as separate steps in the financing section. Together these represent Snap-on's shareholder returns for TTM through Q2 2026. You can compare these against free cash flow to assess the capital-return payout ratio.

Snap-on (SNA) Cash Flow Waterfall

Operating CF

$1.15B

Capex

-$74.3M

Free Cash Flow

$1.08B

FCF Margin

+93.5%

Cash flow waterfall for Snap-on (SNA) — TTM through Q2 2026

Free cash flow: $1.08B

Cash flow breakdown for Snap-on (SNA) — TTM through Q2 2026

Line item	Amount	Running total
Operating Cash Flow	$1.15B	$1.15B
Capital Expenditure	-$74.3M	$1.08B
Free Cash Flow	$1.08B	$1.08B
Other Investing	$4.6M	$1.08B
Other Financing & FX	-$764M	$318M
Net Cash Increase	$318M	$318M

Operating Cash Flow$1.15B
Capital Expenditure-$74.3M
Free Cash Flow$1.08B
Other Investing$4.6M
Other Financing & FX-$764M
Net Cash Increase$318M

Want to see what drove the FCF change?Free Cash Flow Bridge

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