Fastenal Company
FAST Industrials Industrial Distribution
Fastenal Company’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 8.67% from fiscal 2024. In the quarter to September 2026, revenue grew 15.5%, EPS grew 20.7%, free cash flow grew 5.27% and total debt fell 48.7%, each against the same quarter a year earlier. Member of the S&P 500 and Nasdaq 100; dividend growth for five consecutive years, revenue growth for ten; insiders bought in the last twelve months.
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Fastenal Company (FAST) Gross margin
Fastenal Company's gross margin over the twelve months to 30 September 2026 was 44.6%, down 0.4 percentage points from fiscal 2025 (45.0%). Over the past ten years it has ranged from 45.0% (fiscal 2025) to 50.4% (fiscal 2015) — the current reading is the lowest in ten years. That is above the Industrial Distribution industry median of 30.3% and above the Industrials sector median of 30.5%.
Gross margin, annual
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Annual newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| FY2025 | 45.0% | (0.07) |
| FY2024 | 45.1% | (0.58) |
| FY2023 | 45.7% | (0.41) |
| FY2022 | 46.1% | (0.13) |
| FY2021 | 46.2% | 0.73 |
| FY2020 | 45.5% | (1.69) |
| FY2019 | 47.2% | (1.16) |
| FY2018 | 48.3% | (0.96) |
| FY2017 | 49.3% | (0.31) |
| FY2016 | 49.6% | (0.78) |
Quarterly newest first
| Period | Gross margin | Change (points) |
|---|---|---|
| Sep 2026 | 44.9% | 0.29 |
| Jun 2026 | 44.6% | (0.08) |
| Mar 2026 | 44.6% | 0.31 |
| Dec 2025 | 44.3% | (0.94) |
| 43 more quarters | Free account |
Against its own ten years
Gross margin against peers
| Company | Gross margin |
|---|---|
| FAST Fastenal Company | 44.6% |
| GWW W.W. Grainger, Inc. compare | 39.4% |
| FERG Ferguson plc compare | 31.1% |
| AIT Applied Industrial Technologies, Inc. compare | 30.3% |
| WSO Watsco, Inc. compare | 27.5% |
| WSO.B Watsco, Inc. compare | 27.5% |
| CNM Core & Main, Inc. compare | 27.1% |
| QXO QXO, Inc. compare | 24.0% |
| WCC WESCO International, Inc. compare | 21.4% |
| Industrial Distribution industry median | 30.3% |
| Industrials sector median | 30.5% |
| Market median | 46.2% |
What Gross margin is
Gross Margin tells an investor how much of each sale a company keeps after paying the direct costs of making or buying what it sells.
Gross Profit ÷ Revenue
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