A Business at a Glance
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Note – Information in this section is as of year end unless otherwise noted. The year end is December 31, 2025 unless additional years are included or noted. Fastenal began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968. We opened our first branch in 1967 in Winona, Minnesota, a city with a population today of approximately 26,000. We began with a marketing strategy of supplying threaded fasteners to customers through a branch network in small, medium, and, in subsequent years, large cities. Over time, how and where we engage our customers has expanded and evolved. Today we sell a broader range of industrial and construction supplies spanning more than nine major product lines through a global network of locations utilizing diverse technologies such as vending devices, bin stock devices, and eBusiness. The large majority of our transactions are business-to-business.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 8.2B | 8.2B | 7.5B | 7.3B | 7.0B | 6.0B |
| Net Income | 1.3B | 1.3B | 1.2B | 1.2B | 1.1B | 925M |
| EPS | $1.09 | $1.09 | $1.00 | $1.01 | $0.95 | $0.80 |
| Free Cash Flow | 1.1B | 1.1B | 947M | 1.3B | 767M | 614M |
| ROIC | 33.0% | 36.4% | 34.1% | 36.0% | 31.7% | 30.9% |
| Gross Margin | 45.0% | 45.0% | 45.1% | 45.7% | 46.1% | 46.2% |
| Debt/Equity | 0.04 | 0.04 | 0.08 | 0.10 | 0.24 | 0.15 |
| Dividends/Share | $0.87 | $0.88 | $0.78 | $0.89 | $0.62 | $0.56 |
| Operating Income | 1.7B | 1.7B | 1.5B | 1.5B | 1.5B | 1.2B |
| Operating Margin | 20.2% | 20.2% | 20.0% | 20.8% | 20.8% | 20.3% |
| ROE | 31.9% | 33.3% | 31.8% | 34.5% | 34.4% | 30.4% |
| Shares Outstanding | 1,154M | 1,154M | 1,151M | 1,144M | 1,150M | 1,156M |
FASTENAL CO passes 5 of 9 quality checks, suggesting mixed fundamentals.
FASTENAL CO trades at 42.0x trailing earnings, compared to its 15-year median P/E of 34.3x, suggesting it is currently Expensive relative to its historical range. On a free-cash-flow basis, the stock trades at 50.3x vs a median of 44.3x. The company's 5-year average ROIC is 33.8% with a gross margin of 45.6%. Total shareholder yield (dividends) is 1.9%. At current prices, the estimated annualized return to fair value is +16.8%.
FASTENAL CO (FAST) has a current P/E ratio of 42.0, compared to its historical median P/E of 34.3. The stock is currently considered Expensive based on its historical valuation range.
FASTENAL CO (FAST) has a 5-year average return on invested capital (ROIC) of 33.8%. This indicates strong capital allocation and a potential competitive advantage.
FASTENAL CO (FAST) has a market capitalization of $52.9B. It is classified as a large-cap stock.
Yes, FASTENAL CO (FAST) pays a dividend with a trailing twelve-month yield of 1.90%.
Based on historical P/E analysis, FASTENAL CO (FAST) appears expensive. The current P/E of 42.0 is 23% above its historical median of 34.3. The estimated fair value CAGR (P/E method) is 14.3%.
FASTENAL CO (FAST) operates in the Retail-Building Materials, Hardware, Garden Supply industry, within the Consumer Cyclical sector.
FASTENAL CO (FAST) reported annual revenue of $8.2 billion in its most recent fiscal year, based on SEC EDGAR filings.
FASTENAL CO (FAST) has a net profit margin of 15.3%. This is a healthy margin.
FASTENAL CO (FAST) generated $1.1 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
FASTENAL CO (FAST) has a debt-to-equity ratio of 0.04. This indicates a conservatively financed balance sheet.
FASTENAL CO (FAST) reported earnings per share (EPS) of $1.09 in its most recent fiscal year.
FASTENAL CO (FAST) has a return on equity (ROE) of 33.3%. This indicates the company generates strong returns for shareholders.
FASTENAL CO (FAST) has a 5-year average gross margin of 45.6%. This indicates decent pricing power.
The Ledger Terminal provides 19 years of financial data for FASTENAL CO (FAST), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
FASTENAL CO (FAST) has a book value per share of $3.42, based on its most recent annual SEC filing.
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