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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.

51.02 0.64 +1.27%

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Market cap: $57.8B
P/E: 41.1×
Fwd P/E: 37.8×
Dividend yield: 1.88%
F-score: 7/9
Altman Z: 29.34
Beneish M: −2.39
Dividend safety: 51/100

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios Filings 10-Q 10-K

Auditor change Feb 5, 2026

All filings →

Insider Decisions trades per month

Total buys 0.16

Total sells 4.98

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	4	—	—	—	—	—	—	—	—	—	—	—
Sell	—	—	1	—	1	—	—	—	1	3	—	—

Insider Ownership 0.00%

Capital & Financial Ratios $m

Market Cap 57,810.00

Revenue 9,079.40

Net Income 1,418.20

Free Cash Flow 1,186.10

Net Debt (111.90)

Current Ratio 3.93

Debt/Equity 0.02

P/E ratio 41.14

Fwd P/E 37.80

P/S ratio 6.45

P/B ratio 14.11

Past 5Y EPS Growth 7.91%

This Y EPS Growth 16.85%

Next Y EPS Growth 10.68%

Next Y revenue growth 13.44%

Next 5Y EPS Growth 12.04%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/E against its own 10 years 93.48%

10-year low 10-year high

P/S against its own 10 years 95.43%

10-year low 10-year high

P/B against its own 10 years 97.42%

10-year low 10-year high

EV/Sales against its own 10 years 95.43%

10-year low 10-year high

EV/FCF against its own 10 years 86.66%

10-year low 10-year high

Dividends

Payout Ratio 0.77

Annual Dividend Rate 0.96

Annual Dividend Yield 1.88%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	0.98	0.24 0.24 0.26
2025	0.88	0.22 0.22 0.22 0.22
2024	0.78	0.20 0.20 0.20 0.20
2023	0.70	0.18 0.18 0.18 0.18 0.19
2022	0.62	0.16 0.16 0.16 0.16
2021	0.56	0.14 0.14 0.14 0.14
2020	0.50	0.13 0.13 0.13 0.13 0.20
2019	0.44	0.11 0.11 0.11 0.11
2018	0.39	0.09 0.09 0.10 0.10
2017	0.32	0.08 0.08 0.08 0.08
2016	0.30	0.08 0.08 0.08 0.08

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	221	256	277	212
Receivables	1,088	1,109	1,245	1,615
Inventory	1,523	1,645	1,748	1,777
Other	172	184	182	216
	3,021	3,212	3,472	3,829

	2023	2024	2025	Q'26
Payables	264	288	317	446
ST’ Debt	60	75	25	50
Other	—	—	—	—
	661	687	716	974

Compound Annual Growth %

	10y	5y	3y
Sales	7.80%	7.75%	5.52%
Cash Flow	8.94%	3.30%	11.26%
Earnings	9.32%	7.93%	5.00%
Book Value	8.15%	7.61%	7.63%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	2,202	2,387	2,463	—	—
’25	1,959	2,080	2,133	2,028	8,201
’24	1,895	1,916	1,910	1,825	7,546
’23	1,859	1,883	1,846	1,759	7,347
’22	1,704	1,779	1,802	1,696	6,981
’21	1,417	1,508	1,554	1,532	6,011
’20	1,367	1,509	1,413	1,358	5,647

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	378	266	422	—	—
’25	262	279	387	368	1,296
’24	336	258	297	283	1,173
’23	389	302	388	354	1,433
’22	230	151	258	302	941
’21	275	172	167	156	770
’20	241	251	289	321	1,102

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	321	205	350	—	—
’25	208	214	332	310	1,065
’24	287	205	241	225	959
’23	358	248	345	321	1,272
’22	197	108	214	260	779
’21	245	140	122	115	622
’20	194	213	259	278	944

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.30	0.33	0.35	—	—
’25	0.26	0.29	0.29	0.26	1.09
’24	0.26	0.26	0.26	0.23	1.00
’23	0.26	0.26	0.26	0.23	1.01
’22	0.24	0.25	0.25	0.22	0.95
’21	0.19	0.21	0.21	0.20	0.80
’20	0.18	0.21	0.19	0.17	0.75

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	8.78	9.95	11.84	12.42	13.36	21.69	21.87	22.85	30.67	35.31	Analyst estimates 2026–2028 Powerpack
	High	12.50	13.86	15.29	18.97	25.24	32.38	32.05	32.83	42.44	50.63
People
People	Employees	19,624	20,565	21,644	21,948	20,365	20,507	22,386	23,201	23,702	24,489
	Revenue/emp, $m	0.20	0.21	0.23	0.24	0.28	0.29	0.31	0.32	0.32	0.33
Income, $m
Income, $m	Revenue	3,962	4,391	4,965	5,334	5,647	6,011	6,981	7,347	7,546	8,201
	Gross margin, %	49.59	49.28	48.32	47.16	45.47	46.20	46.07	45.66	45.08	45.01
	EBT	790	873	987	1,044	1,133	1,208	1,440	1,522	1,508	1,655
	EBT margin, %	19.93	19.89	19.88	19.57	20.06	20.09	20.63	20.72	19.99	20.18
	Net income	499	579	752	791	859	925	1,087	1,155	1,151	1,258
	Depreciation	104	127	138	149	162	171	177	177	175	179
Per share, $
Per share, $	Revenue	3.43	3.81	4.33	4.65	4.92	5.23	6.08	6.43	6.59	7.15
	Earnings	0.43	0.50	0.66	0.69	0.75	0.81	0.95	1.01	1.01	1.10
	Cash flow	0.45	0.51	0.59	0.74	0.96	0.67	0.82	1.25	1.02	1.13
	Capex	(0.16)	(0.10)	(0.15)	(0.21)	(0.14)	(0.13)	(0.14)	(0.14)	(0.19)	(0.20)
	Free cash flow	0.29	0.41	0.44	0.53	0.82	0.54	0.68	1.11	0.84	0.93
	Book value	1.67	1.82	2.01	2.33	2.38	2.65	2.76	2.93	3.16	3.44
	Shares, m	1,156	1,153	1,148	1,146	1,148	1,150	1,148	1,143	1,145	1,148
Valuation, ×
Valuation, ×	P/E	26.99	27.14	19.88	26.78	32.56	39.79	24.95	31.31	35.78	36.48
	P/S	3.42	3.58	3.02	3.97	4.96	6.13	3.90	4.94	5.46	5.62
	P/B	7.02	7.50	6.51	7.95	10.25	12.10	8.60	10.84	11.39	11.68
	EV/Sales	3.49	3.65	3.09	4.00	4.99	6.15	3.94	4.95	5.45	5.60
	EV/FCF	41.09	33.90	30.22	35.42	29.85	59.46	35.35	28.57	42.88	43.08
Cash, $m
Cash, $m	Operating cash flow	520	585	674	843	1,102	770	941	1,433	1,173	1,296
	Capex	(183)	(112)	(167)	(240)	(157)	(148)	(162)	(161)	(214)	(230)
	Free cash flow	337	473	507	603	944	622	779	1,272	959	1,065
Balance, $m
Balance, $m	Working capital	1,445	1,585	1,879	1,913	1,887	2,174	2,335	2,360	2,525	2,757
	Total debt	390	415	500	345	405	390	555	260	200	125
	Net debt	277	298	333	170	159	154	325	39	(56)	(152)
	Shareholders’ equity	1,933	2,097	2,303	2,666	2,733	3,042	3,163	3,349	3,616	3,944
Returns, %
Returns, %	ROA	19.20	20.74	24.13	22.21	22.13	22.39	24.57	25.63	25.12	25.81
	ROIC	22.50	23.01	23.70	23.30	24.67	23.81	26.05	28.20	26.51	27.29
	ROE	26.75	28.71	34.18	31.84	31.83	32.03	35.03	35.47	33.04	33.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 15 Oct 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
GWW W.W. Grainger, Inc.	$62.7B	33.9×	28.6×	+10.25% (above 0%: growing)	+20.32% (above 0%: growing)	+61.65% (above 0%: growing)	39.51%	16.07%	Compare
FAST Fastenal Company	$57.8B	41.1×	37.8×	+15.47% (above 0%: growing)	+20.72% (above 0%: growing)	+5.27% (above 0%: growing)	44.85%	21.55%
FERG Ferguson plc	$44.3B	52.7×	21.2×	+4.64% (above 0%: growing)	+7.04% (above 0%: growing)	−143.52% (below 0%: shrinking)	30.99%	10.20%	Compare
WCC WESCO International, Inc.	$16.9B	23.5×	22.4×	+12.98% (above 0%: growing)	+10.44% (above 0%: growing)	−70.35% (below 0%: shrinking)	21.85%	5.73%	Compare
WSO.B Watsco, Inc.	$16.0B	24.9×	—	+2.06% (above 0%: growing)	−11.50% (below 0%: shrinking)	+17.57% (above 0%: growing)	27.50%	11.32%	Compare
WSO Watsco, Inc.	$12.4B	25.6×	28.8×	+2.06% (above 0%: growing)	−11.50% (below 0%: shrinking)	+17.57% (above 0%: growing)	27.50%	11.32%	Compare
AIT Applied Industrial Technologies, Inc.	$12.3B	29.8×	26.7×	+10.45% (above 0%: growing)	+13.03% (above 0%: growing)	+15.02% (above 0%: growing)	30.40%	11.78%	Compare
QXO QXO, Inc.	$11.6B	— (loss-making)	— (loss-making)	+70.30% (above 0%: growing)	n/m	−27.62% (below 0%: shrinking)	24.74%	(1.29%)	Compare
CNM Core & Main, Inc.	$8.0B	17.3×	19.2×	+2.48% (above 0%: growing)	+8.45% (above 0%: growing)	+83.33% (above 0%: growing)	26.71%	10.58%	Compare
Median of peers	$14.2B	25.6×	24.5×	+7.44%	+8.45%	+16.29%	27.50%	10.95%

All 23 Industrial Distribution stocks →

Fastenal Company (FAST) key facts

Strength: Fastenal Company’s revenue for fiscal 2025 (year ended December 2025) was $8.2 billion, up 8.67% from fiscal 2024.
Strength: Net income was $1.3 billion, or $1.10 per share (basic), a net margin of 15.4%.
Fastenal Company (FAST) is an Industrial Distribution company in the Industrials sector, listed on Nasdaq.
As of October 16, 2026, FAST traded at $51.02, a market capitalization of $57.8 billion.
At that price the stock trades at 41.1× trailing-twelve-month earnings and 6.4× sales; its P/E is higher than 93% of its own readings over the past ten years.
Fastenal Company pays an annual dividend of $0.96 per share, a yield of 1.88%, with a payout ratio of 77.5%.
Return on equity was 33.3% and debt-to-equity 0.02.
Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 29.34 (safe zone) for fiscal 2025.