Fastenal Company

FAST

IndustrialsLarge CapUS Equities · NYSE / NASDAQ

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Company Profile

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.

Valuation

Market Cap$54.1B

Current Price$45.81as of Jun 23, 2026

P/E Ratio43.02

P/B Ratio13.73

EV / EBITDA29.51

EV / Sales6.62

Profitability

Operating Margin20.2%

Net Profit Margin15.3%

EBITDA Margin22.4%

Returns

ROE31.9%

ROCE40.8%

ROIC %-

ROA24.9%

Solvency

Current Ratio4.85

Debt / Equity0.11

Debt / Assets0.09

CFO / Net Profit1.03

Price History▲ 10.93% over 1Y

Technical Chart

Historical Performance Charts

5-year financial trends. Figures in USD millions.

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Latest fiscal year: 2025

Revenue$8.2B▲ 8.7%

EBITDA$1.8B▲ 8.8%

Net Profit$1.3B▲ 9.4%

Cash from Ops (CFO)$1.3B▲ 10.4%

Free Cash Flow (FCF)$1.1B▲ 11.0%

Revenue CAGR 3Y5.5%

Revenue CAGR 5Y-

Net Profit CAGR 3Y5.0%

Net Profit CAGR 5Y-

Historical Growth

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%	-	-
2021	-	-

Financial Statements

Income statement, balance sheet, and cash flow as reported

Consolidated Figures in USD Millions.

Metric	2021	2022	2023	2024	2025
Total Revenue	-	6,980.60	7,346.70	7,546	8,200.50
Operating 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
Selling General And Administration	-	1,762.20	1,825.80	1,891.90	2,035.50
Total Expenses	-	5,527	5,818	6,036	6,544.80
Operating Income	-	1,453.60	1,528.70	1,510	1,655.70
Total Operating Income As Reported	-	1,453.60	1,528.70	1,510	1,655.70
EBITDA	-	1,630.90	1,710.10	1,690.80	1,840.40
Normalized 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
Interest Income	-	0.70	4.10	5.40	5.50
Interest Expense	-	14.30	10.80	7.30	6.20
Net Interest Income	-	-13.60	-6.70	-1.90	-0.70
Interest Income Non Operating	-	0.70	4.10	5.40	5.50
Interest Expense Non Operating	-	14.30	10.80	7.30	6.20
Net Non Operating Interest Income Expense	-	-13.60	-6.70	-1.90	-0.70
Pretax Income	-	1,440	1,522	1,508.10	1,655
Tax Provision	-	353.10	367	357.50	396.60
Tax Rate For Calcs	-	0	0	0	0
Tax Effect Of Unusual Items	-	0	0	0	0
Net Income Continuous Operations	-	1,086.90	1,155	1,150.60	1,258.40
Net Income From Continuing And Discontinued Operation	-	1,086.90	1,155	1,150.60	1,258.40
Net Income From Continuing Operation Net Minority Interest	-	1,086.90	1,155	1,150.60	1,258.40
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
Net Income Including Noncontrolling Interests	-	1,086.90	1,155	1,150.60	1,258.40
Normalized Income	-	1,086.90	1,155	1,150.60	1,258.40
Diluted NI Availto Com Stockholders	-	1,086.90	1,155	1,150.60	1,258.40
Basic Average Shares	-	1,147.60	1,142.60	1,145.40	1,147.60
Diluted Average Shares	-	1,151.20	1,146	1,148.60	1,150.30
Reconciled Depreciation	-	176.60	177.30	175.40	179.20
Reconciled Cost Of Revenue	-	3,764.80	3,992.20	4,144.10	4,509.30

Peer Comparison

Industrials sector peers, ranked by market cap

Company	Ticker	Market Cap	P/E	P/B	ROE	EV/EBITDA
Fastenal Companythis co.	FAST	$54.1B	43.02↑ premium	13.73	31.9%	29.51
W.W. Grainger, Inc.	GWW	$60.9B	35.68	16.29	45.7%	22.84
L3Harris Technologies, Inc.	LHX	$57.7B	35.93	2.94	8.2%	18.05
Carrier Global Corporation	CARR	$56.9B	38.36	4.12	10.8%	19.16
AMETEK, Inc.	AME	$52.4B	35.42

Learn while you research

Hand-picked academy chapters to deepen your understanding of Fastenal Company and the metrics that matter.

01 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read 02 Valuation Multiples Explained

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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%

2021

Metric

2021

2022

2023

2024

2025

Total Revenue

6,980.60

7,346.70

7,546

8,200.50

Operating 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

Selling General And Administration

1,762.20

1,825.80

1,891.90

2,035.50

Total Expenses

5,527

5,818

6,036

6,544.80

Operating Income

1,453.60

1,528.70

1,510

1,655.70

Total Operating Income As Reported

1,453.60

1,528.70

1,510

1,655.70

EBITDA

1,630.90

1,710.10

1,690.80

1,840.40

Normalized 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

Interest Income

0.70

4.10

5.40

5.50

Interest Expense

14.30

10.80

7.30

6.20

Net Interest Income

-13.60

-6.70

-1.90

-0.70

Interest Income Non Operating

0.70

4.10

5.40

5.50

Interest Expense Non Operating

14.30

10.80

7.30

6.20

Net Non Operating Interest Income Expense

-13.60

-6.70

-1.90

-0.70

Pretax Income

1,440

1,522

1,508.10

1,655

Tax Provision

353.10

367

357.50

396.60

Tax Rate For Calcs

Tax Effect Of Unusual Items

Net Income Continuous Operations

1,086.90

1,155

1,150.60

1,258.40

Net Income From Continuing And Discontinued Operation

1,086.90

1,155

1,150.60

1,258.40

Net Income From Continuing Operation Net Minority Interest

1,086.90

1,155

1,150.60

1,258.40

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

Net Income Including Noncontrolling Interests

1,086.90

1,155

1,150.60

1,258.40

Normalized Income

1,086.90

1,155

1,150.60

1,258.40

Diluted NI Availto Com Stockholders

1,086.90

1,155

1,150.60

1,258.40

Basic Average Shares

1,147.60

1,142.60

1,145.40

1,147.60

Diluted Average Shares

1,151.20

1,146

1,148.60

1,150.30

Reconciled Depreciation

176.60

177.30

175.40

179.20

Reconciled Cost Of Revenue

3,764.80

3,992.20

4,144.10

4,509.30

Company

Ticker

Market Cap

P/E

P/B

ROE

EV/EBITDA

Fastenal Companythis co.

FAST

$54.1B

43.02↑ premium

13.73

31.9%

29.51

W.W. Grainger, Inc.

GWW

$60.9B

35.68

16.29

45.7%

22.84

L3Harris Technologies, Inc.

LHX

$57.7B

35.93

2.94

8.2%

18.05

Carrier Global Corporation

CARR

$56.9B

38.36

4.12

10.8%

19.16

AMETEK, Inc.

AME

$52.4B

35.42

Fastenal Company

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Fastenal Company

Valuation

Profitability

Returns

Solvency

Historical Performance Charts

Revenue vs Net Profit (5Y)

Free Cash Flow vs Operating Cash Flow (5Y)

Operating Margin % (5Y)

Growth Summary

Historical Growth

Financial Statements

Peer Comparison

Key concepts to brush up on