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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%
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
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 (at or above 1.5: strong)
Debt/Equity 0.02 (at or below 0.5: strong)
P/E ratio 41.14 (above 35: high)
Fwd P/E 37.80 (above 35: high)
P/S ratio 6.45
P/B ratio 14.11 (above 6: high)
Past 5Y EPS Growth 7.91%
This Y EPS Growth 16.85% (at or above 15%: strong)
Next Y EPS Growth 10.68%
Next Y revenue growth 13.44% (at or above 10%: strong)
Next 5Y EPS Growth 12.04%

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

Valuation vs history

EV/Sales, ten years
EV/Sales is 6.4×, against a ten-year median of 4.5×; over the ten years it ranged from 2.9× in 2016 to 7.3× in 2025.
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.

Target Price Range

Analyst price targets

Recommendation Rating

3
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

Fastenal Company vs peers in Industrial Distribution (Q) = latest quarter vs a year earlier

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 →

FAST metrics, ten years each

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.

Source: company filings (standardised) and stockrow calculations · fundamentals updated Oct 15, 2026.

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stockrow.com/FAST · Data as of Oct 15, 2026 · For information only; not investment advice. · © 2026 stockrow.com