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Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; non-residential construction market; farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $8.2B | $1.8B | $1.3B | $1.1B | 31.9% | 8.7% | 9.4% |
| 2024 | $7.5B | $1.7B | $1.2B | $947M | 31.8% | 2.7% | -0.4% |
| 2023 | $7.3B | $1.7B | $1.2B | $1.3B | 34.5% | 5.2% | 6.3% |
| 2022 | $7.0B | $1.6B | $1.1B | $767M | 34.4% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 6,980.60 | 7,346.70 | 7,546 | 8,200.50 |
| Cost Of Revenue | 3,764.80 | 3,992.20 | 4,144.10 | 4,509.30 |
| Gross Profit | 3,215.80 | 3,354.50 | 3,401.90 | 3,691.20 |
| Operating Expense | 1,762.20 | 1,825.80 | 1,891.90 | 2,035.50 |
| Operating Income | 1,453.60 | 1,528.70 | 1,510 | 1,655.70 |
| EBITDA | 1,630.90 | 1,710.10 | 1,690.80 | 1,840.40 |
| EBIT | 1,454.30 | 1,532.80 | 1,515.40 | 1,661.20 |
| Pretax Income | 1,440 | 1,522 | 1,508.10 | 1,655 |
| Tax Provision | 353.10 | 367 | 357.50 | 396.60 |
| Net Income | 1,086.90 | 1,155 | 1,150.60 | 1,258.40 |
| Net Income Common Stockholders | 1,086.90 | 1,155 | 1,150.60 | 1,258.40 |
| Total Expenses | 5,527 | 5,818 | 6,036 | 6,544.80 |
| Interest Expense | 14.30 | 10.80 | 7.30 | 6.20 |
| Interest Income | 0.70 | 4.10 | 5.40 | 5.50 |
| Selling General And Administration | 1,762.20 | 1,825.80 | 1,891.90 | 2,035.50 |
| Normalized EBITDA | 1,630.90 | 1,710.10 | 1,690.80 | 1,840.40 |
| Normalized Income | 1,086.90 | 1,155 | 1,150.60 | 1,258.40 |
| Market Cap | 51,305.68 | 51,305.68 | 51,305.68 | 51,305.68 |
Industrials sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Fastenal Companythis co. | FAST | $51.1B | 40.77↑ premium | 13.01 | 31.9% | 27.97 |
| L3Harris Technologies, Inc. | LHX | $59.5B | 36.93 | 3.02 | 8.2% | 18.48 |
| W.W. Grainger, Inc. | GWW | $55.2B | 31.85 | 14.54 | 45.7% | 20.47 |
| AMETEK, Inc. | AME | $53.7B | 36.05 | 5.02 | 13.9% | 24.00 |
| Carrier Global Corporation | CARR | $52.0B | 34.32 |
| 3.69 |
| 10.8% |
| 17.46 |
| Old Dominion Freight Line, Inc. | ODFL | $46.3B | 44.79 | 10.64 | 23.7% | 26.51 |
| Westinghouse Air Brake Technologies Corporation | WAB | $45.7B | 38.73 | 4.07 | 10.5% | 22.03 |
| Rockwell Automation, Inc. | ROK | $45.1B | 51.91 | 12.34 | 23.8% | 34.54 |
| Delta Air Lines, Inc. | DAL | $44.4B | 8.99 | 2.16 | 24.0% | 6.55 |
| Peer Median | - | 36.49 | 4.54 | 18.8% | 21.25 | |