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Fastenal

FAST Nasdaq Trading Companies & Distributors Financials FY2016–FY2025

Fastenal's revenue rose 8.7% to $8.2 billion in fiscal 2025. Its operating margin was 20.2%, up from 20.0% a year earlier. Free cash flow was $1.1 billion, up 11.0%. It paid out $1.0 billion in dividends and buybacks, 96% of free cash flow. The diluted share count rose 0.1%.

Last close · Oct 23, 2026

$51.91

1.6%
Value it Compare
Revenue Total sales reported in the income statement.
$8.2B
8.7% vs prior year
Operating margin Operating income as a share of revenue.
20.2%
0.2 pts
Net income Profit after all expenses, interest and tax.
$1.3B
9.4%
Free cash flow Cash from operations minus capital spending.
$1.1B
11.0%
Return on capital After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
34.3%
1.1 pts
Market cap Last close times the latest diluted share count, so it is approximate.
$59.7B
Oct 23 close
P/E Last close divided by diluted earnings per share over the last four quarters.
42.2x
On $1.23 EPS (TTM)

About these figures. Share counts and per-share figures for earlier years are restated for stock splits (2-for-1 and 2-for-1), so every year is on today's share basis.

What Fastenal does

No business description yet.

Legal name
FASTENAL CO
Fiscal year ends
December 31, 2025
Latest annual report
—
Accession · CIK
0000815556-26-000009
0000815556

Revenue and margins

Fastenal had $8.2B of revenue in fiscal 2025, up 8.7% on the year before.

Revenue
Revenue
Margins, % of revenue
Gross Operating Net FCF
Margins, % of revenue
Gross Operating Net FCF

Net income and earnings per share

From fiscal 2016 to 2025, diluted EPS grew 10.9% a year. Loss periods are shown in red.

Net income
Net income
Diluted EPS
Diluted EPS

Returns on capital

After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.

Return on capital, equity and assets (annual)
Return on capital Return on equity Return on assets

Cash flow

Free cash flow was $1.1B in fiscal 2025, 12.8% of revenue. Cash from operations minus capital spending.

Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations Capital spending
Cash from operations vs capital spending
Cash from operations Capital spending

Dividends, buybacks and share count

Fastenal returned $1.0B to shareholders in fiscal 2025, 96% of free cash flow. The diluted share count rose 0.2%.

Dividends and buybacks
Dividends Buybacks
Dividends and buybacks
Dividends Buybacks
Diluted shares outstanding (annual)

Value Fastenal yourself

Change the assumptions and see what they imply per share. These are models, not forecasts or price targets — the answer depends entirely on what you put in.

Discounted cash flow

Value per share

—

Adds net cash of $152M and divides by 1,150.3M diluted shares. Ten years of cash flows plus a terminal value, discounted to today.

Earnings multiple

Value per share

—

Reference multiples: today 42.2x · peers 27.8x · sector 26.0x.

Balance sheet

Cash, debt and the ratios that show how comfortably Fastenal can carry it.

Cash vs debt (incl. leases)
Cash Debt
Fiscal year endFY21FY22FY23FY24FY25
Cash and short-term investments $236M$230M$221M$256M$277M
Debt incl. finance leases $390M$555M$260M$200M$125M
Net debt / EBITDA 0.1x0.2x0.0x−0.0x−0.1x
Debt / equity 0.1x0.2x0.1x0.1x0.0x
Interest coverage 125.5x101.7x141.6x206.9x267.1x
Current ratio 4.2x4.0x4.6x4.7x4.9x
Quick ratio 2.0x1.8x2.3x2.3x2.4x
Total assets $4.3B$4.5B$4.5B$4.7B$5.1B
Total liabilities $1.3B$1.4B$1.1B$1.1B$1.1B
Shareholders' equity $3.0B$3.2B$3.3B$3.6B$3.9B
Net debt (− = net cash) $154M$325M$38.7M−$55.8M−$152M

Insider trades

Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.

Bought, 12 months

$0.2M

4 insiders

Sold, 12 months

$5.0M

5 insiders

Of sales under plans

0%

$0.0M

DateInsiderTradeSharesPriceValueFiling
Aug 13, 2026 Donnalee Kathleen PapenfussEVP-Strategy and Communication Sold 9,258 $51.39 $0.5M Form 4
Aug 10, 2026 Michael J AnciusDirector Sold 3,000 $52.00 $0.2M Form 4
Aug 5, 2026 Rita J. HeiseDirector Sold 34,964 $50.05 $1.7M Form 4
Jul 28, 2026 Michael J AnciusDirector Sold 3,000 $49.00 $0.1M Form 4
Mar 5, 2026 Reyne K WisecupDirector Sold 36,920 $47.34 $1.7M Form 4
Jan 23, 2026 Scott SatterleeDirector Sold 15,964 $44.19 $0.7M Form 4
Nov 19, 2025 Sarah N NielsenDirector Bought 1,000 $39.60 $0.0M Form 4
Nov 17, 2025 Daniel L. JohnsonDirector Bought 1,000 $40.44 $0.0M Form 4
Nov 13, 2025 Hsenghung Sam HSUDirector Bought 1,000 $49.58 $0.0M Form 4
Nov 12, 2025 Stephen L. EastmanDirector Bought 1,000 $40.82 $0.0M Form 4

Piotroski F-score

Nine pass/fail tests of profitability, funding and efficiency. 8–9 is strong, 0–2 weak.

TestFY23FY24FY25
Net income is positive ✓ ✓ ✓
Cash from operations is positive ✓ ✓ ✓
Return on assets rose ✓ ✓ ✓
Cash from operations exceeds net income ✓ ✓ ✓
Debt fell relative to assets ✓ ✓ ✓
Current ratio rose ✓ ✓ ✓
Share count didn't rise ✓ ✕ ✕
Gross margin rose ✕ ✕ ✕
Revenue rose relative to assets ✕ ✓ ✓
F-score 7 / 97 / 97 / 9
Accruals ratio −6.2%−0.5%−0.8%
Altman Z'' 11.3811.7012.01

Similar companies

Each company's latest fiscal year. Fiscal years end in different months, so periods don't line up exactly.

CompanyMarket capGrowthOp. marginFCF marginROICP/EF-score
Fastenal FAST $59.7B 8.7% 20.2% 12.8% 34.3% 42.2x 7
AerCap AER $25.7B 6.5% — — 8.5% — — Compare →
Core & Main CNM $8.1B 2.8% 9.4% 7.9% 13.7% 17.3x 7 Compare →
Watsco WSO $12.3B −5.0% 10.0% 7.4% 20.1% 27.8x 6 Compare →
Applied Industrial Technologies AIT $12.0B 8.8% 11.1% 9.3% 20.8% 29.0x 7 Compare →

10 years of figures

US$ millions unless stated. Hover a ratio's name for its definition.

Download CSV
Fiscal yearFY16FY17FY18FY19FY20FY21FY22FY23FY24FY25
Income statement
Revenue $4.0B $4.4B $5.0B $5.3B $5.6B $6.0B $7.0B $7.3B $7.5B $8.2B
Gross profit $2.0B $2.2B $2.4B $2.5B $2.6B $2.8B $3.2B $3.4B $3.4B $3.7B
Operating income $796M $882M $999M $1.1B $1.1B $1.2B $1.5B $1.5B $1.5B $1.7B
Interest expense $6.5M $9.1M $12.6M $13.9M $9.7M $9.7M $14.3M $10.8M $7.3M $6.2M
Pretax income $790M $873M $987M $1.0B $1.1B $1.2B $1.4B $1.5B $1.5B $1.7B
Income tax $290M $295M $235M $253M $274M $283M $353M $367M $358M $397M
Net income $499M $579M $752M $791M $859M $925M $1.1B $1.2B $1.2B $1.3B
Diluted EPS $0.43 $0.50 $0.66 $0.69 $0.74 $0.80 $0.94 $1.01 $1.00 $1.09
Diluted shares 1.16B 1.15B 1.15B 1.15B 1.15B 1.15B 1.15B 1.15B 1.15B 1.15B
Cash flow
Cash from operations $520M $585M $674M $843M $1.1B $770M $941M $1.4B $1.2B $1.3B
Capital expenditure $190M $120M $176M $246M $168M $157M $174M $173M $227M $245M
Free cash flow $330M $465M $498M $596M $934M $614M $767M $1.3B $947M $1.1B
Depreciation and amortization $104M $127M $138M $149M $162M $171M $177M $177M $175M $179M
Stock-based compensation $4.1M $5.2M $5.1M $5.7M $5.7M $5.6M $7.2M $7.3M $8.0M $8.4M
Acquisitions $0.0M $58.7M $3.7M $0.0M $125M $0.0M $0.0M $0.0M $0.0M $0.0M
Share buybacks $59.5M $82.6M $103M $0.0M $52.0M $0.0M $238M $0.0M $0.0M $0.0M
Dividends paid $347M $369M $442M $499M $803M $644M $711M $1.0B $893M $1.0B
Dividends and buybacks $406M $452M $545M $499M $855M $644M $949M $1.0B $893M $1.0B
Balance sheet
Cash and short-term investments $113M $117M $167M $175M $246M $236M $230M $221M $256M $277M
Total debt $390M $415M $500M $345M $405M $390M $555M $260M $200M $125M
Finance lease liabilities $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M $0.0M
Current assets $1.7B $1.9B $2.3B $2.5B $2.5B $2.9B $3.1B $3.0B $3.2B $3.5B
Current liabilities $276M $351M $437M $545M $613M $682M $790M $661M $687M $716M
Inventory $993M $1.1B $1.3B $1.4B $1.3B $1.5B $1.7B $1.5B $1.6B $1.7B
Property and equipment, net $900M $894M $925M $1.0B $1.0B $1.0B $1.0B $1.0B $1.1B $1.1B
Total assets $2.7B $2.9B $3.3B $3.8B $4.0B $4.3B $4.5B $4.5B $4.7B $5.1B
Total liabilities $736M $814M $1.0B $1.1B $1.2B $1.3B $1.4B $1.1B $1.1B $1.1B
Shareholders' equity $1.9B $2.1B $2.3B $2.7B $2.7B $3.0B $3.2B $3.3B $3.6B $3.9B
Margins
Gross margin 49.6% 49.3% 48.3% 47.2% 45.5% 46.2% 46.1% 45.7% 45.1% 45.0%
Operating margin 20.1% 20.1% 20.1% 19.8% 20.2% 20.3% 20.8% 20.8% 20.0% 20.2%
EBITDA margin 22.7% 23.0% 22.9% 22.6% 23.1% 23.1% 23.4% 23.2% 22.3% 22.4%
Net margin 12.6% 13.2% 15.1% 14.8% 15.2% 15.4% 15.6% 15.7% 15.3% 15.4%
FCF margin 8.3% 10.6% 10.0% 11.2% 16.5% 10.2% 11.0% 17.2% 12.6% 12.8%
Returns
Return on capital 23.7% 25.4% 30.3% 29.3% 30.2% 30.6% 32.8% 33.7% 33.2% 34.3%
Return on capital employed 35.0% 35.6% 36.7% 34.4% 34.6% 34.9% 39.4% 40.4% 38.7% 39.7%
Return on equity 26.8% 28.7% 34.2% 31.8% 31.8% 32.0% 35.0% 35.5% 33.0% 33.3%
Return on assets 19.2% 20.7% 24.1% 22.2% 22.1% 22.4% 24.6% 25.6% 25.1% 25.8%
Growth
Revenue growth 2.4% 10.8% 13.1% 7.4% 5.9% 6.4% 16.1% 5.2% 2.7% 8.7%
Net income growth −3.3% 15.9% 30.0% 5.2% 8.6% 7.7% 17.5% 6.3% −0.4% 9.4%
EPS growth −2.3% 15.6% 31.0% 5.3% 8.0% 7.4% 18.1% 6.9% −1.0% 9.0%
FCF growth −16.4% 40.8% 7.0% 19.8% 56.6% −34.3% 25.1% 64.2% −24.9% 11.0%
Share count change −1.0% −0.3% −0.4% 0.0% 0.2% 0.3% −0.3% −0.5% 0.2% 0.2%
Financial health
Net debt / EBITDA 0.3x 0.3x 0.3x 0.1x 0.1x 0.1x 0.2x 0.0x −0.0x −0.1x
Debt / equity 0.2x 0.2x 0.2x 0.1x 0.2x 0.1x 0.2x 0.1x 0.1x 0.0x
Interest coverage 122.4x 96.9x 79.3x 76.1x 117.7x 125.5x 101.7x 141.6x 206.9x 267.1x
Current ratio 6.2x 5.5x 5.3x 4.5x 4.1x 4.2x 4.0x 4.6x 4.7x 4.9x
Quick ratio 2.6x 2.4x 2.4x 2.0x 1.9x 2.0x 1.8x 2.3x 2.3x 2.4x
Capital allocation
Capex / revenue 4.8% 2.7% 3.6% 4.6% 3.0% 2.6% 2.5% 2.4% 3.0% 3.0%
Stock comp / revenue 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1% 0.1%
Payouts / FCF 122.9% 97.1% 109.4% 83.6% 91.6% 104.9% 123.7% 80.7% 94.4% 95.6%
Quality scores
Piotroski F-score 5.0 7.0 5.0 4.0 3.0 7.0 5.0 7.0 7.0 7.0
Altman Z'' 10.7 10.7 10.4 9.9 9.6 10.0 10.2 11.4 11.7 12.0
Accruals ratio −0.8% −0.2% 2.5% −1.5% −6.3% 3.8% 3.3% −6.2% −0.5% −0.8%

Source: SEC EDGAR XBRL filings (CIK 0000815556). Data updated October 19, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.

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