{
 "company": "Stanley Black & Decker",
 "ticker": "SWK",
 "sector": "consumer durables and housewares",
 "fiscalYearEnd": null,
 "revenueUsdM": 15130.4,
 "normalizedSga": {
  "pctRevenue": 19.78,
  "peerCount": 28,
  "peerMedianPctRevenue": 18.9,
  "peerLeanQuartilePctRevenue": 14.7,
  "peers": [
   {
    "ticker": "HELE",
    "name": "Helen of Troy",
    "normalizedSgaPctRevenue": 29.24
   },
   {
    "ticker": "SN",
    "name": "SharkNinja",
    "normalizedSgaPctRevenue": 18.99
   },
   {
    "ticker": "WHR",
    "name": "Whirlpool",
    "normalizedSgaPctRevenue": 6.36
   },
   {
    "ticker": "HBB",
    "name": "Hamilton Beach",
    "normalizedSgaPctRevenue": 17.48
   },
   {
    "ticker": "NPK",
    "name": "National Presto",
    "normalizedSgaPctRevenue": 7.11
   },
   {
    "ticker": "MIDD",
    "name": "Middleby",
    "normalizedSgaPctRevenue": 18.88
   },
   {
    "ticker": "COOK",
    "name": "Traeger",
    "normalizedSgaPctRevenue": 28.08
   },
   {
    "ticker": "NWL",
    "name": "Newell Brands",
    "normalizedSgaPctRevenue": 20.02
   },
   {
    "ticker": "SPB",
    "name": "Spectrum Brands",
    "normalizedSgaPctRevenue": 27.47
   },
   {
    "ticker": "LCUT",
    "name": "Lifetime Brands",
    "normalizedSgaPctRevenue": 20.84
   },
   {
    "ticker": "YETI",
    "name": "YETI",
    "normalizedSgaPctRevenue": 36.85
   },
   {
    "ticker": "CENT",
    "name": "Central Garden & Pet",
    "normalizedSgaPctRevenue": 21.78
   },
   {
    "ticker": "ENR",
    "name": "Energizer",
    "normalizedSgaPctRevenue": 18.03
   },
   {
    "ticker": "LZB",
    "name": "La-Z-Boy",
    "normalizedSgaPctRevenue": 29.54
   },
   {
    "ticker": "MLKN",
    "name": "MillerKnoll",
    "normalizedSgaPctRevenue": 30.67
   },
   {
    "ticker": "LEG",
    "name": "Leggett & Platt",
    "normalizedSgaPctRevenue": 12.04
   },
   {
    "ticker": "ETD",
    "name": "Ethan Allen",
    "normalizedSgaPctRevenue": 47.53
   },
   {
    "ticker": "FLXS",
    "name": "Flexsteel",
    "normalizedSgaPctRevenue": 13.87
   },
   {
    "ticker": "TTC",
    "name": "Toro",
    "normalizedSgaPctRevenue": 17.41
   },
   {
    "ticker": "AOS",
    "name": "A.O. Smith",
    "normalizedSgaPctRevenue": 14.71
   },
   {
    "ticker": "LII",
    "name": "Lennox",
    "normalizedSgaPctRevenue": 10.46
   },
   {
    "ticker": "FBIN",
    "name": "Fortune Brands",
    "normalizedSgaPctRevenue": 23.73
   },
   {
    "ticker": "MAS",
    "name": "Masco",
    "normalizedSgaPctRevenue": 18.86
   },
   {
    "ticker": "MHK",
    "name": "Mohawk",
    "normalizedSgaPctRevenue": 17.63
   },
   {
    "ticker": "HAS",
    "name": "Hasbro",
    "normalizedSgaPctRevenue": 21.88
   },
   {
    "ticker": "MAT",
    "name": "Mattel",
    "normalizedSgaPctRevenue": 8.5
   },
   {
    "ticker": "BC",
    "name": "Brunswick",
    "normalizedSgaPctRevenue": 15.36
   }
  ],
  "definition": "Reported SG&A less the disclosed lines that distort comparison: advertising, R&D, pension, stock-based compensation, restructuring and one-time items, plus logistics reclassed where filers park it in SG&A."
 },
 "disclosedLines": [
  {
   "key": "research_dev",
   "label": "R&D",
   "pctRevenue": 2.12,
   "companiesDisclosing": 19,
   "peersDisclosing": [
    {
     "ticker": "HELE",
     "pctRevenue": 3.02
    },
    {
     "ticker": "SN",
     "pctRevenue": 5.75
    },
    {
     "ticker": "WHR",
     "pctRevenue": 2.38
    },
    {
     "ticker": "HBB",
     "pctRevenue": 2.17
    },
    {
     "ticker": "MIDD",
     "pctRevenue": 1.84
    },
    {
     "ticker": "COOK",
     "pctRevenue": 2.22
    },
    {
     "ticker": "NWL",
     "pctRevenue": 1.58
    },
    {
     "ticker": "SPB",
     "pctRevenue": 0.83
    },
    {
     "ticker": "YETI",
     "pctRevenue": 1.35
    },
    {
     "ticker": "ENR",
     "pctRevenue": 1.1
    },
    {
     "ticker": "LZB",
     "pctRevenue": 0.51
    },
    {
     "ticker": "MLKN",
     "pctRevenue": 2.61
    },
    {
     "ticker": "FLXS",
     "pctRevenue": 0.48
    },
    {
     "ticker": "TTC",
     "pctRevenue": 3.6
    },
    {
     "ticker": "AOS",
     "pctRevenue": 2.48
    },
    {
     "ticker": "LII",
     "pctRevenue": 1.99
    },
    {
     "ticker": "HAS",
     "pctRevenue": 7.19
    },
    {
     "ticker": "BC",
     "pctRevenue": 3.15
    }
   ],
   "note": "R&D in this cohort is product engineering and varies by design. Not where the overhead question lives."
  },
  {
   "key": "stock_comp",
   "label": "Stock-based comp",
   "pctRevenue": 0.62,
   "companiesDisclosing": 25,
   "peersDisclosing": [
    {
     "ticker": "HELE",
     "pctRevenue": 0.95
    },
    {
     "ticker": "SN",
     "pctRevenue": 0.69
    },
    {
     "ticker": "WHR",
     "pctRevenue": 0.88
    },
    {
     "ticker": "HBB",
     "pctRevenue": 0.68
    },
    {
     "ticker": "MIDD",
     "pctRevenue": 0.42
    },
    {
     "ticker": "COOK",
     "pctRevenue": 2.73
    },
    {
     "ticker": "NWL",
     "pctRevenue": 0.94
    },
    {
     "ticker": "SPB",
     "pctRevenue": 0.73
    },
    {
     "ticker": "LCUT",
     "pctRevenue": 0.51
    },
    {
     "ticker": "YETI",
     "pctRevenue": 2.55
    },
    {
     "ticker": "CENT",
     "pctRevenue": 0.67
    },
    {
     "ticker": "ENR",
     "pctRevenue": 0.87
    },
    {
     "ticker": "LZB",
     "pctRevenue": 0.74
    },
    {
     "ticker": "MLKN",
     "pctRevenue": 0.68
    },
    {
     "ticker": "LEG",
     "pctRevenue": 0.48
    },
    {
     "ticker": "ETD",
     "pctRevenue": 0.24
    },
    {
     "ticker": "FLXS",
     "pctRevenue": 0.88
    },
    {
     "ticker": "TTC",
     "pctRevenue": 0.42
    },
    {
     "ticker": "LII",
     "pctRevenue": 0.56
    },
    {
     "ticker": "FBIN",
     "pctRevenue": 0.47
    },
    {
     "ticker": "MAS",
     "pctRevenue": 0.4
    },
    {
     "ticker": "MHK",
     "pctRevenue": 0.28
    },
    {
     "ticker": "HAS",
     "pctRevenue": 1.5
    },
    {
     "ticker": "BC",
     "pctRevenue": 0.72
    }
   ],
   "note": "Right at the peer median. Not distorting the overhead picture."
  }
 ],
 "gapToPeers": {
  "toPeerMedian": {
   "usdM": 128,
   "bps": 85
  },
  "toLeanQuartile": {
   "usdM": 693,
   "bps": 458
  }
 },
 "tsrBridge": [
  {
   "label": "1 year",
   "span": "FY2024 to FY2025",
   "companyTsrPct": -1,
   "peerTsrPct": -7,
   "driverPp": {
    "Revenue growth": -1.8,
    "Gross margin": -2.6,
    "SG&A": 2.1,
    "Multiple": 4,
    "Other": 4.9
   }
  },
  {
   "label": "3 years",
   "span": "FY2022 to FY2025",
   "companyTsrPct": 15,
   "peerTsrPct": 24,
   "driverPp": {
    "Revenue growth": -8.2,
    "Gross margin": 67.3,
    "SG&A": -16.8,
    "Multiple": -43.3,
    "Other": -8.0
   }
  },
  {
   "label": "5 years",
   "span": "FY2020 to FY2025",
   "companyTsrPct": -49,
   "peerTsrPct": 16,
   "driverPp": {
    "Revenue growth": -5.3,
    "Gross margin": -57.8,
    "SG&A": 7.3,
    "Multiple": 7,
    "Other": -16.4
   }
  },
  {
   "label": "10 years",
   "span": "FY2016 to FY2025",
   "companyTsrPct": -16,
   "peerTsrPct": 23,
   "driverPp": {
    "Revenue growth": 11.5,
    "Gross margin": -89.7,
    "SG&A": 35,
    "Multiple": 23.3,
    "Other": -19.6
   }
  }
 ],
 "recentQuarter": null,
 "sources": [
  "10-K and 10-Q filings (US GAAP)",
  "XBRL company facts",
  "earnings releases"
 ],
 "urls": {
  "briefing": "https://sgabenchmarking.com/r/SWK",
  "json": "https://sgabenchmarking.com/r/SWK.json",
  "industryBenchmarks": "https://sgabenchmarking.com/catalog.json"
 },
 "publisher": "SG&A Benchmarking, https://sgabenchmarking.com"
}