Fastenal Company

FAST · NASDAQ · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987
Valuation
Market cap	$46,071	$41,196	$37,023	$27,103	$36,845	$28,085	$21,252	$15,010	$15,717	$13,579	$11,903	$14,101	$14,102	$13,810	$12,876	$8,834	$6,203	$5,191	$6,094	$5,425	$5,918	$4,674	$3,776	$2,841	$2,525	$2,088	$1,712	$1,675	$1,457	$1,736	$1,603	$777	$576	$380	$301	$152	$138	$84	$35
Enterprise value	$46,236	$41,426	$37,336	$27,675	$37,246	$28,490	$21,668	$15,343	$16,015	$13,856	$12,139	$14,077	$14,043	$13,730	$12,731	$8,664	$6,014	$5,104	$6,037	$5,395	$5,861	$4,635	$3,705	$2,789	$2,457	$2,055	$1,684	$1,677	$1,473	$1,744	$1,596	$774	$574	$379	$298	$148	$135	$83	$34
P/E (TTM) at period end	36.61×	35.80×	32.05×	24.94×	39.83×	32.69×	26.87×	19.96×	27.16×	27.19×	23.05×	28.54×	31.43×	32.84×	35.97×	33.29×	33.65×	18.56×	26.20×	27.26×	35.47×	35.68×	44.88×	37.61×	36.02×	25.87×	26.13×	31.61×	35.71×	53.42×	58.49×	41.55×	48.44×	43.23×	45.66×	24.08×	32.03×	26.39×	20.49×
P/S (TTM) at period end	5.62×	5.46×	5.04×	3.88×	6.13×	4.97×	3.98×	3.02×	3.58×	3.43×	3.08×	3.78×	4.24×	4.41×	4.65×	3.89×	3.21×	2.22×	2.96×	3.00×	3.88×	3.77×	3.79×	3.14×	3.09×	2.80×	2.81×	3.33×	3.66×	6.03×	7.20×	4.80×	5.23×	4.68×	4.84×	2.90×	3.34×	2.78×	1.72×
P/B at period end	11.68×	11.39×	11.06×	8.57×	12.11×	10.28×	7.97×	6.52×	7.50×	7.02×	6.61×	7.36×	7.95×	8.85×	8.83×	6.89×	5.21×	4.54×	6.03×	5.88×	7.55×	6.83×	6.55×	5.68×	5.94×	5.81×	6.07×	7.70×	8.78×	13.78×	17.01×	11.49×	11.57×	9.88×	9.98×	6.35×	7.87×	6.35×	3.48×
EV / EBITDA (TTM)	25.35×	24.74×	22.02×	17.09×	27.04×	22.00×	18.03×	13.54×	15.93×	15.41×	13.27×	16.37×	18.09×	18.88×	20.58×	18.42×	17.91×	10.43×	14.59×	15.25×	19.74×	20.08×	23.80×	20.47×	19.39×	14.52×	14.31×	17.06×	19.20×	28.64×	31.29×	22.37×	25.64×	23.26×	25.91×	13.94×	18.54×	–	–
EV / Sales (TTM)	5.64×	5.49×	5.08×	3.96×	6.20×	5.04×	4.06×	3.09×	3.65×	3.50×	3.14×	3.77×	4.22×	4.38×	4.60×	3.82×	3.12×	2.18×	2.93×	2.98×	3.85×	3.74×	3.72×	3.08×	3.00×	2.76×	2.76×	3.33×	3.70×	6.06×	7.17×	4.78×	5.21×	4.66×	4.78×	2.83×	3.28×	2.73×	1.68×
Returns
Return on equity	31.9%	31.8%	34.5%	34.4%	30.4%	31.4%	29.7%	32.7%	27.6%	25.8%	28.7%	25.8%	25.3%	27.0%	24.5%	20.7%	15.5%	24.5%	23.0%	21.6%	21.3%	19.1%	14.6%	15.1%	16.5%	22.5%	23.2%	24.4%	24.6%	25.8%	29.1%	27.7%	23.9%	22.9%	21.9%	26.4%	24.6%	24.1%	17.0%
Return on invested capital	30.6%	30.0%	31.7%	29.4%	27.1%	27.6%	26.0%	28.9%	24.4%	22.8%	25.4%	26.1%	26.1%	28.4%	26.7%	23.2%	17.9%	26.4%	24.3%	22.0%	22.8%	20.0%	15.8%	15.2%	18.3%	24.4%	25.6%	24.4%	22.4%	23.8%	30.9%	28.5%	24.5%	23.2%	23.5%	30.0%	27.3%	25.6%	18.9%
Dividend yield	2.2%	2.2%	2.7%	2.6%	1.7%	2.9%	2.3%	2.9%	2.3%	2.6%	2.7%	2.1%	1.7%	2.7%	1.5%	2.1%	1.7%	2.3%	1.1%	1.1%	0.8%	0.6%	0.4%	0.1%	0.1%	0.1%	0.1%	0.0%	0.1%	0.0%	0.0%	0.1%	0.1%	0.2%	0.2%	–	–	–	–
Financial health
Current ratio	4.85×	4.67×	4.57×	3.96×	4.19×	4.08×	4.51×	5.30×	5.51×	6.24×	4.46×	4.22×	5.87×	6.30×	6.58×	6.69×	8.22×	6.59×	6.39×	7.39×	7.09×	7.56×	7.45×	8.42×	8.41×	8.02×	6.75×	5.63×	3.84×	4.14×	5.41×	4.22×	5.32×	5.09×	6.03×	6.06×	4.88×	5.04×	5.86×
Debt / equity	0.03×	0.06×	0.08×	0.18×	0.13×	0.15×	0.13×	0.22×	0.20×	0.20×	0.20×	0.05×	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	0.02×	0.10×	0.07×	–	–	–	–	–	0.03×	0.05×	0.06×	0.09×
Effective tax rate	24.0%	23.7%	24.1%	24.5%	23.4%	24.2%	24.2%	23.8%	33.7%	36.8%	37.5%	37.2%	37.1%	37.6%	37.8%	38.4%	38.0%	38.0%	38.4%	38.0%	38.0%	37.1%	38.3%	38.3%	38.3%	38.6%	38.5%	38.5%	39.4%	40.3%	40.7%	40.4%	40.8%	40.1%	38.3%	38.8%	38.6%	38.5%	45.2%
Share count
Diluted shares outstanding	1,150	1,149	1,146	1,151	1,154	1,151	1,149	1,149	1,153	1,157	1,168	1,189	1,191	1,189	1,183	1,179	1,187	1,191	1,204	1,209	1,212	1,216	1,214	1,214	1,214	1,214	1,214	1,214	1,214	1,214	1,220	1,214	1,190	1,173	1,173	1,186	1,147	1,138	907

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987
Revenue and gross profit
Revenue	$9,079	$8,200	$7,546	$7,347	$6,981	$6,011	$5,647	$5,334	$4,965	$4,390	$3,962	$3,869	$3,734	$3,326	$3,134	$2,767	$2,269	$1,930	$2,340	$2,062	$1,809	$1,523	$1,238	$995	$905	$818	$746	$609	$503	$398	$288	$223	$162	$110	$81	$62	$52	$41	$30	$20
Cost of revenue	($5,029)	($4,509)	($4,144)	($3,992)	($3,765)	($3,234)	($3,080)	($2,818)	($2,566)	($2,227)	($1,997)	($1,920)	($1,836)	($1,607)	($1,519)	($1,333)	($1,095)	($947)	($1,104)	($1,014)	($902)	($765)	($614)	($506)	($457)	($406)	($345)	($278)	($228)	($180)	($127)	($98)	($72)	($49)	($36)	($28)	($23)	($19)	($14)	($9)
Gross profit	$4,050	$3,691	$3,402	$3,354	$3,216	$2,777	$2,568	$2,515	$2,399	$2,164	$1,965	$1,949	$1,897	$1,719	$1,615	$1,434	$1,175	$983	$1,236	$1,048	$908	$758	$624	$489	$448	$412	$401	$331	$276	$218	$160	$124	$90	$61	$46	$34	$29	$22	$16	$11
Operating expenses
Research and development	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($2,185)	($2,036)	($1,892)	($1,826)	($1,762)	($1,560)	($1,426)	($1,458)	($1,400)	($1,283)	($1,170)	($1,122)	($1,111)	($1,007)	($941)	($859)	($745)	($687)	($786)	($671)	($588)	($490)	($417)	($354)	($335)	($301)	($259)	($214)	($177)	($142)	($100)	($73)	($55)	($39)	($29)	($23)	($18)	($15)	($11)	($8)
Total operating expenses	($2,185)	($2,036)	($1,892)	($1,826)	($1,762)	($1,560)	($1,426)	($1,458)	($1,400)	($1,282)	($1,169)	($1,120)	($1,110)	($1,007)	($941)	($860)	($745)	($688)	($786)	($671)	($588)	($490)	($417)	($354)	($329)	($301)	($271)	($226)	($188)	($151)	($107)	($79)	($59)	($41)	($31)	($24)	($19)	($16)	($12)	($8)
Total costs and expenses	($7,215)	($6,545)	($6,036)	($5,818)	($5,527)	($4,794)	($4,506)	($4,276)	($3,966)	($3,509)	($3,166)	($3,040)	($2,946)	($2,613)	($2,460)	($2,192)	($1,840)	($1,635)	($1,890)	($1,685)	($1,489)	($1,255)	($1,031)	($860)	($786)	($707)	($616)	($504)	($416)	($331)	($234)	($177)	($131)	($90)	($67)	($52)	($42)	($34)	($26)	($17)
Operating income	$1,864	$1,656	$1,510	$1,529	$1,454	$1,217	$1,142	$1,057	$999	$882	$796	$829	$788	$713	$674	$575	$430	$296	$450	$376	$320	$268	$207	$135	$119	$112	$130	$106	$87	$67	$53	$46	$31	$20	$14	$10	$10	$7	$5	$3
Earnings
EBITDA	$2,033	$1,824	$1,675	$1,695	$1,620	$1,377	$1,295	$1,202	$1,133	$1,005	$899	$915	$860	$776	$727	$619	$470	$336	$489	$414	$354	$297	$231	$156	$136	$127	$142	$118	$98	$77	$61	$51	$35	$22	$16	$12	$11	$7	–	–
Interest income	$6	$6	$5	$4	$1	$0	$1	$0	$0	$0	$0	$0	$1	$1	$0	$0	$1	$2	$1	$1	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($4)	($6)	($7)	($11)	($14)	($10)	($10)	($14)	($13)	($9)	($6)	($3)	($1)	($0)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,866	$1,655	$1,508	$1,522	$1,440	$1,208	$1,133	$1,044	$987	$873	$790	$826	$787	$713	$674	$575	$431	$297	$451	$378	$321	$269	$208	$136	$121	$114	$131	$106	$86	$67	$54	$46	$31	$20	$15	$11	$10	$7	$5	$3
Income tax expense	($448)	($397)	($358)	($367)	($353)	($283)	($274)	($253)	($235)	($294)	($290)	($310)	($293)	($265)	($254)	($217)	($165)	($113)	($171)	($145)	($122)	($102)	($77)	($52)	($46)	($44)	($51)	($41)	($33)	($26)	($22)	($19)	($13)	($8)	($6)	($4)	($4)	($3)	($2)	($1)
Net income	$1,418	$1,258	$1,151	$1,155	$1,087	$925	$859	$791	$752	$579	$499	$516	$494	$449	$421	$358	$265	$184	$280	$233	$199	$167	$131	$84	$76	$70	$81	$66	$53	$41	$32	$27	$19	$12	$9	$7	$6	$4	$3	$2
Per share
Diluted EPS (GAAP)	$1.24	$1.09	$1.00	$1.01	$0.945	$0.80	$0.745	$0.69	$0.655	$0.50	$0.4325	$0.4425	$0.415	$0.3775	$0.355	$0.3025	$0.225	$0.155	$0.235	$0.195	$0.165	$0.14	$0.11	$0.07	$0.065	$0.06	$0.065	$0.055	$0.0437	$0.0338	$0.0269	$0.0225	$0.0153	$0.01	$0.0075	$0.00565	$0.0053	$0.00375	$0.0028	$0.0019
Basic EPS (GAAP)	$1.24	$1.10	$1.00	$1.01	$0.945	$0.805	$0.75	$0.69	$0.655	$0.50	$0.4325	$0.4425	$0.4175	$0.3775	$0.355	$0.3025	$0.225	$0.155	$0.235	$0.195	$0.165	$0.14	$0.11	$0.07	$0.065	$0.06	$0.065	$0.055	$0.0437	$0.0338	$0.0269	$0.0225	$0.0153	$0.01	$0.0075	$0.00565	$0.0053	$0.00375	$0.0028	$0.0019
Basic shares outstanding	1,148	1,148	1,145	1,143	1,148	1,150	1,148	1,146	1,148	1,153	1,156	1,166	1,186	1,187	1,184	1,180	1,179	1,187	1,191	1,204	1,208	1,210	1,214	1,214	1,214	1,214	1,214	1,214	1,214	1,214	1,214	1,214	1,214	1,190	1,173	1,173	1,186	1,147	1,138	907
Margins
Gross margin	44.6%	45.0%	45.1%	45.7%	46.1%	46.2%	45.5%	47.2%	48.3%	49.3%	49.6%	50.4%	50.8%	51.7%	51.5%	51.8%	51.8%	50.9%	52.8%	50.8%	50.2%	49.8%	50.4%	49.2%	49.5%	50.4%	53.7%	54.4%	54.8%	54.9%	55.8%	55.9%	55.3%	55.4%	56.1%	54.9%	55.6%	54.4%	53.9%	54.7%
Operating margin	20.5%	20.2%	20.0%	20.8%	20.8%	20.3%	20.2%	19.8%	20.1%	20.1%	20.1%	21.4%	21.1%	21.4%	21.5%	20.8%	18.9%	15.3%	19.2%	18.3%	17.7%	17.6%	16.7%	13.6%	13.2%	13.7%	17.4%	17.4%	17.3%	16.9%	18.6%	20.5%	19.1%	18.0%	17.7%	16.4%	18.7%	16.3%	16.1%	15.8%
Net margin	15.6%	15.3%	15.2%	15.7%	15.6%	15.4%	15.2%	14.8%	15.1%	13.2%	12.6%	13.3%	13.2%	13.5%	13.4%	12.9%	11.7%	9.6%	12.0%	11.3%	11.0%	11.0%	10.6%	8.5%	8.3%	8.6%	10.8%	10.8%	10.5%	10.3%	11.3%	12.3%	11.6%	10.8%	10.8%	10.6%	12.0%	10.4%	10.5%	8.4%

Analyst consensus

Hold33 analysts

Bearish · 3 · Hold · 19 · Bullish · 11

Earnings history

	EPS	Estimate
Q4 2024	$0.23	$0.48	Miss
Q1 2025	$0.26	$0.26	Match
Q2 2025	$0.29	$0.28	Beat
Q3 2025	$0.29	$0.30	Miss
Q4 2025	$0.26	$0.26	Match
Q1 2026	$0.30	$0.30	Match
Q2 2026	$0.33	$0.33	Match
Q3 2026	$0.35	$0.34	Beat

Peers

Company overview

IPO dateAug 20, 1987

CEOJeffery Michael Watts

Employees22,230

SectorIndustrials

IndustryIndustrial - Distribution

CountryUS

ExchangeNASDAQ Global Select

Websitewww.fastenal.com

Fastenal Company, along with its associated entities, operates as a global wholesale supplier of industrial and construction materials, with significant operations throughout North America, including the United States, Canada, and Mexico, and other international markets. Branded as Fastenal, the company offers a comprehensive range of fasteners, such as threaded bolts, nuts, screws, studs, and washers, which are vital for manufacturing processes, building developments, and equipment servicing. Beyond fasteners, its product catalog extends to diverse hardware and miscellaneous items like pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, and rivets, along with their related accessories. Fastenal serves a wide array of clients, including original equipment manufacturers, maintenance, repair, and operations departments within the manufacturing sector, and various non-residential construction contractors spanning general, electrical, plumbing, sheet metal, and road construction. Its customer base further encompasses agricultural businesses, transportation services (trucking, railroads), mining operations, educational institutions, retail establishments, the oil and gas exploration, production, and refinement industries, and governmental bodies at federal, state, and local levels. The company distributes its offerings through an extensive network of 3,209 in-market facilities and 15 major distribution centers. Established in 1967, Fastenal Company's corporate headquarters are located in Winona, Minnesota.

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