Independent research on the U.S. markets, Baptista Research

Baptista Research

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. 

We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Snap-on Incorporated reported second-quarter sales of $1.235 billion, marking a 4.7% increase over the prior year, with 3% organic growth supported by recent acquisitions Hi-Force and Diesel Laptops, and favorable currency translations.</li><li>The company achieved a gross margin of 51.4%, up 90 basis points, reflecting volume growth and savings from operational improvement initiatives.</li><li>Consolidated operating earnings before financial services were $268.9 million, with an operating margin of 21.8%, slightly below the 22% reported in 2025.</li></ul>

Snap-on Incorporated reported second-quarter sales of $1.235 billion, marking a 4.7% increase over the prior year, with 3% organic growth supported by recent acquisitions Hi-Force and Diesel Laptops, and favorable currency translations.The company achieved a gross margin of 51.4%, up 90 basis points, reflecting volume growth and savings from operational improvement initiatives.Consolidated operating earnings before financial services were $268.9 million, with an operating margin of 21.8%, slightly below the 22% reported in 2025.

Snap-on Incorporated Finds A Hidden Engine As C&I Profit Surges 41.8%!

Snap On Inc

Snap-on Incorporated Finds A Hidden Engine As C&I Profit Surges 41.8%!