Fastenal Co. (FAST) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q1 27	$0.33	$0.33	0.0%	—	—	—
Q4 26	$0.3	$0.3	0.0%	—	—	—
Q3 26	$0.26	$0.26	0.0%	—	—	—
Q2 26	$0.3	$0.29	-3.3%	—	—	—
Q1 26	$0.27	$0.29	+7.4%	—	—	—
Q4 25	$0.26	$0.26	0.0%	—	—	—
Q3 25	$0.24	$0.23	-4.2%	—	—	—
Q2 25	$0.26	$0.26	0.0%	—	—	—
Q1 25	$0.25	$0.26	+4.0%	—	—	—
Q4 24	$0.26	$0.26	0.0%	—	—	—
Q3 24	$0.22	$0.23	+4.5%	—	—	—
Q2 24	$0.25	$0.26	+4.0%	—	—	—
Q1 24	$0.26	$0.26	0.0%	—	—	—
Q4 23	$0.25	$0.26	+4.0%	—	—	—
Q3 23	$0.21	$0.22	+4.8%	—	—	—
Q2 23	$0.24	$0.25	+4.2%	—	—	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	$1.1	—	—	$8.2B	—
FY24	—	$1	—	—	$7.5B	—
FY23	—	$2.02	—	—	$7.3B	—
FY22	—	$1.89	—	—	$7B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$4B	$4.4B	$5B	$5.3B	$5.6B	$6B	$7B	$7.3B	$7.5B	$8.2B
YoY change	+2.4%	+10.8%	+13.1%	+7.42%	+5.88%	+6.44%	+16.1%	+5.24%	+2.71%	+8.67%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	4B	4.4B	5B	5.3B	5.6B	6B	7B	7.3B	7.5B	8.2B
Cost of revenue	2B	2.2B	2.6B	2.8B	3.1B	3.2B	3.8B	4B	4.1B	4.5B
Gross profit	2B	2.2B	2.4B	2.5B	2.6B	2.8B	3.2B	3.4B	3.4B	3.7B
Gross margin	49.6%	49.3%	48.3%	47.2%	45.5%	46.2%	46.1%	45.7%	45.1%	45%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	1.2B	1.3B	1.4B	1.5B	1.4B	1.6B	1.8B	1.8B	1.9B	2B
Operating expenses	1.2B	1.3B	1.4B	1.5B	1.4B	1.6B	1.8B	1.8B	1.9B	2B
Operating income	795.3M	880.8M	998.7M	1.1B	1.1B	1.2B	1.5B	1.5B	1.5B	1.7B
Operating margin	20.1%	20.1%	20.1%	19.8%	20.2%	20.3%	20.8%	20.8%	20%	20.2%
Non-operating income, net	500K	1M	500K	1.2M	1.4M	—	—	—	—	—
Pretax income	789.7M	873.1M	987M	1B	1.1B	1.2B	1.4B	1.5B	1.5B	1.7B
Income tax	290.3M	294.5M	235.1M	252.8M	273.6M	282.8M	353.1M	367M	357.5M	396.6M
Net income	499.4M	578.6M	751.9M	790.9M	859.1M	925M	1.1B	1.2B	1.2B	1.3B
Net margin	12.6%	13.2%	15.1%	14.8%	15.2%	15.4%	15.6%	15.7%	15.2%	15.3%
EBITDA	899.7M	1B	1.1B	1.2B	1.3B	1.4B	1.6B	1.7B	1.7B	1.8B
EPS	0.86	1	1.31	1.38	1.5	1.61	1.89	2.02	1	1.1
Diluted EPS	0.86	1	1.31	1.38	1.49	1.6	1.89	2.02	1	1.09

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	1.8B	1.8B	1.9B	1.9B	1.9B	1.8B	2B	2.1B	2.1B	2B	2.2B	2.4B
Cost of revenue	998.3M	959.2M	1B	1.1B	1.1B	1B	1.1B	1.1B	1.2B	1.1B	1.2B	1.3B
Gross profit	847.6M	799.4M	861.6M	863.5M	858.6M	818.2M	883.9M	942.8M	965.8M	898.7M	982.9M	1.1B
Gross margin	45.9%	45.5%	45.5%	45.1%	44.9%	44.8%	45.1%	45.3%	45.3%	44.3%	44.6%	44.6%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	460.9M	445.6M	471.4M	476.6M	470.5M	473.4M	490M	506.7M	524.3M	514.4M	535.3M	561.8M
Operating expenses	460.9M	445.6M	471.4M	476.6M	470.5M	473.4M	490M	506.7M	524.3M	514.4M	535.3M	561.8M
Operating income	386.7M	353.8M	390.2M	386.9M	388.1M	344.8M	393.9M	436.1M	441.5M	384.3M	447.6M	501.8M
Operating margin	20.9%	20.1%	20.6%	20.2%	20.3%	18.9%	20.1%	21%	20.7%	19%	20.3%	21%
Non-operating income, net	—	—	—	—	—	—	—	—	—	—	—	—
Pretax income	385.4M	354.2M	389.8M	386.4M	387.6M	344.3M	393.1M	436.6M	440.6M	384.6M	448.3M	502.1M
Income tax	89.9M	87.8M	92.1M	93.7M	89.5M	82.2M	94.4M	106.3M	105.1M	90.6M	108.6M	119.3M
Net income	295.5M	266.4M	297.7M	292.7M	298.1M	262.1M	298.7M	330.3M	335.5M	294M	339.7M	382.8M
Net margin	16%	15.1%	15.7%	15.3%	15.6%	14.4%	15.2%	15.9%	15.7%	14.5%	15.4%	16%
EBITDA	432.2M	399.3M	434.7M	431.9M	433.8M	390.4M	439.5M	483.9M	487.2M	430M	493.7M	548.8M
EPS	0.52	0.47	0.52	0.51	0.26	0.23	0.26	0.29	0.29	0.26	0.3	0.33
Diluted EPS	0.52	0.46	0.52	0.51	0.26	0.23	0.26	0.29	0.29	0.26	0.3	0.33

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	6.8B	7.9B	7.5B	10.6B	14B	18.4B	13.6B	18.5B	—	46.1B	57.9B
Enterprise value	7.1B	8.2B	7.8B	11B	14.4B	18.8B	14.1B	18.8B	—	46.2B	58.2B
Shares outstanding	577.9M	576.4M	574M	573.2M	573.8M	574.8M	573.8M	571.3M	1.1B	1.1B	1.1B

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	13.6	13.6	9.98	13.4	16.3	19.9	12.5	16	—	36.6	43.2
P/S	1.71	1.79	1.51	1.99	2.48	3.06	1.94	2.52	—	5.62	6.62
P/B	3.51	3.76	3.26	3.97	5.13	6.05	4.29	5.52	—	11.7	14.2
EV/EBITDA	7.85	8.11	6.89	9.12	11	13.6	8.68	11	—	25.1	29.8
EV/Sales	1.78	1.86	1.58	2.06	2.55	3.13	2.03	2.56	—	5.64	6.65
Earnings yield	7.36%	7.34%	10%	7.47%	6.13%	5.02%	8.01%	6.24%	—	2.73%	2.32%
FCF yield	4.87%	5.9%	6.64%	5.63%	6.66%	3.33%	5.65%	6.81%	—	2.28%	1.58%
PEG	—	—	—	—	—	—	—	—	—	—	3.13

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	49.6%	49.3%	48.3%	47.2%	45.5%	46.2%	46.1%	45.7%	45.1%	45%	44.6%
Operating margin	20.1%	20.1%	20.1%	19.8%	20.2%	20.3%	20.8%	20.8%	20%	20.2%	21%
Net margin	12.6%	13.2%	15.1%	14.8%	15.2%	15.4%	15.6%	15.7%	15.2%	15.3%	15.5%
ROE	25.8%	27.6%	32.7%	29.7%	31.4%	30.4%	34.4%	34.5%	31.8%	31.9%	34.3%
ROA	18.7%	19.9%	22.6%	20.8%	21.7%	21.5%	23.9%	25.9%	24.5%	24.9%	21.5%
ROIC	22.8%	24.4%	28.9%	26%	27.6%	27.1%	29.4%	31.7%	30%	30.6%	31.4%
Return on tangible assets	18.7%	19.9%	22.6%	20.8%	21.7%	21.5%	23.9%	25.9%	24.5%	24.9%	25.5%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	6.24	5.51	5.3	4.51	4.08	4.19	3.96	4.57	4.67	4.85	4.18
Quick ratio	2.64	2.4	2.37	2	1.9	1.95	1.79	2.27	2.28	2.41	2.21
Debt / equity	0.2	0.2	0.22	0.22	0.24	0.21	0.25	0.16	0.13	0.11	0.11
Debt / assets	0.15	0.14	0.15	0.16	0.16	0.15	0.18	0.12	0.1	0.09	0.08
Net debt / EBITDA	0.31	0.3	0.29	0.34	0.31	0.29	0.35	0.18	0.14	0.09	0.12
Interest coverage	122.5	96.9	79.3	76.1	117.8	125.5	101.7	141.9	207.6	267.9	395.6
Effective tax rate	36.8%	33.7%	23.8%	24.2%	24.2%	23.4%	24.5%	24.1%	23.7%	24%	23.9%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	6.86	7.62	8.65	9.31	9.84	10.5	12.2	12.9	6.59	7.15	7.62
EPS (basic)	0.86	1	1.31	1.38	1.5	1.61	1.89	2.02	1	1.1	1.1
EPS (diluted)	0.86	1	1.31	1.38	1.49	1.6	1.89	2.02	1	1.09	1.17
Book value per share	3.35	3.64	4.01	4.65	4.76	5.29	5.51	5.86	3.16	3.44	3.55
FCF per share	0.57	0.81	0.87	1.04	1.63	1.07	1.34	2.21	0.83	0.92	1
Cash per share	0.2	0.2	0.29	0.31	0.43	0.41	0.4	0.39	0.22	0.24	0.18
Capex per share	0.32	0.2	0.29	0.42	0.27	0.26	0.28	0.28	0.19	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	4.62%	2.56%	3.36%	4.5%	2.79%	2.47%	2.33%	2.19%	2.84%	—	—
Capex / operating cash flow	33.9%	20.8%	26.9%	29%	14.6%	20%	16.3%	11.2%	18%	—	—
Payout ratio	69.4%	63.8%	58.8%	63%	93.5%	69.6%	65.4%	88%	77.6%	79.8%	78.6%
Dividend yield	5.11%	4.68%	5.89%	4.71%	5.73%	3.5%	5.24%	5.5%	—	2.18%	2.06%

Yield

2.06%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.26

ex-dividend Jul 28, 2026

Payout ratio

79%

of earnings

Dividend growth

0 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 28, 2026	$0.26
Apr 28, 2026	$0.24
Jan 29, 2026	$0.24

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$1.8B	$1.8B	$1.9B	$1.9B	$1.9B	$1.8B	$2B	$2.1B	$2.1B	$2B	$2.2B	$2.4B
YoY change	+2.41%	+3.72%	+1.94%	+1.76%	+3.48%	+3.75%	+3.39%	+8.56%	+11.7%	+11.1%	+12.4%	+14.7%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	112.7M	116.9M	167.2M	174.9M	245.7M	236.2M	230.1M	221.3M	255.8M	276.8M
Receivables	499.7M	607.8M	714.3M	741.8M	769.4M	900.2M	1B	1.1B	1.1B	1.2B
Inventory	993M	1.1B	1.3B	1.4B	1.3B	1.5B	1.7B	1.5B	1.6B	1.7B
Total current assets	1.7B	1.9B	2.3B	2.5B	2.5B	2.9B	3.1B	3B	3.2B	3.5B
Property, plant & equipment	602.6M	585.4M	601.7M	842.7M	823.3M	759.6M	743.8M	756.2M	772.2M	817.9M
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—
Total assets	2.7B	2.9B	3.3B	3.8B	4B	4.3B	4.5B	4.5B	4.7B	5.1B
Accounts payable	108.8M	147.5M	193.6M	192.8M	207M	233.1M	255M	264.1M	287.7M	316.8M
Short-term debt	10.5M	3M	3M	100.4M	133.6M	150.8M	293.7M	156.2M	173.8M	131.1M
Total current liabilities	275.7M	351M	437.4M	544.7M	612.7M	682.2M	789.8M	661.3M	687.1M	715.6M
Long-term debt	379.5M	412M	497M	490.2M	516.5M	486M	508.4M	378.8M	311.6M	310.8M
Total liabilities	735.8M	813.6M	1B	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	3B	3.2B	3.3B	3.6B	3.9B
Total debt	390M	415M	500M	590.6M	650.1M	636.8M	802.1M	535M	485.4M	441.9M
Net debt	277.3M	298.1M	332.8M	415.7M	404.4M	400.6M	572M	313.7M	229.6M	165.1M

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	297.5M	221.3M	237.1M	255.5M	292.2M	255.8M	231.8M	237.8M	288.1M	276.8M	308.6M	204.7M
Receivables	1.2B	1.1B	1.2B	1.2B	1.2B	1.1B	1.3B	1.3B	1.3B	1.2B	1.4B	1.6B
Inventory	1.5B	1.5B	1.5B	1.5B	1.6B	1.6B	1.7B	1.7B	1.7B	1.7B	1.7B	1.7B
Total current assets	3.1B	3B	3.1B	3.1B	3.3B	3.2B	3.4B	3.5B	3.5B	3.5B	3.6B	3.7B
Property, plant & equipment	1.3B	756.2M	1.3B	1.3B	1.3B	772.2M	1.4B	1.4B	1.4B	817.9M	1.5B	1.5B
Goodwill & intangibles	—	—	—	—	—	—	—	—	—	—	—	—
Total assets	4.6B	4.5B	4.5B	4.6B	4.7B	4.7B	4.9B	5B	5.1B	5.1B	5.2B	5.3B
Accounts payable	275.1M	264.1M	276M	292.6M	301.7M	287.7M	341.1M	319.3M	344.8M	316.8M	363.2M	399.8M
Short-term debt	157M	156.2M	97.4M	208.2M	214.2M	173.8M	176.4M	236.1M	201.8M	131.1M	131.1M	177M
Total current liabilities	667.9M	661.3M	637.9M	717M	741.6M	687.1M	785.2M	820.3M	832.7M	715.6M	824.1M	881.8M
Long-term debt	381.9M	378.8M	386M	308M	312.6M	311.6M	319.4M	309.1M	315.5M	310.8M	314.4M	264.5M
Total liabilities	1.1B	1.1B	1.1B	1.1B	1.1B	1.1B	1.2B	1.2B	1.2B	1.1B	1.2B	1.2B
Shareholders' equity	3.5B	3.3B	3.4B	3.5B	3.6B	3.6B	3.7B	3.8B	3.9B	3.9B	4B	4.1B
Total debt	538.9M	535M	483.4M	516.2M	526.8M	485.4M	495.8M	545.2M	517.3M	441.9M	445.5M	441.5M
Net debt	241.4M	313.7M	246.3M	260.7M	234.6M	229.6M	264M	307.4M	229.2M	165.1M	136.9M	236.8M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	499.4M	578.6M	751.9M	790.9M	859.1M	925M	1.1B	1.2B	1.2B	1.3B
Depreciation & amortization	104M	127.4M	138.2M	148.7M	162.4M	170.7M	176.6M	177.3M	175.4M	179.2M
Stock-based compensation	4.1M	5.2M	5.1M	5.7M	5.7M	5.6M	7.2M	7.3M	8M	8.4M
Change in working capital	-92.7M	-140.8M	-309.2M	-132.6M	45M	-345.1M	-266.9M	106.5M	-137.6M	-183.3M
Operating cash flow	540.4M	540.4M	619.8M	827.7M	1.1B	742.5M	998.9M	1.4B	1.2B	1.3B
Capital expenditure	-183M	-112.5M	-166.8M	-239.8M	-157.5M	-148.2M	-162.4M	-160.6M	-214.1M	—
Investing cash flow	-188.1M	-179.3M	-173.9M	-239.7M	-281.7M	-148.5M	-163M	-161.2M	-214.5M	-500K
Dividends paid	-346.6M	-369.1M	-441.9M	-498.6M	-803.4M	-643.7M	-711.3M	-1B	-893.3M	-1B
Share repurchases	-59.5M	-82.6M	-103M	0	-52M	0	-237.8M	0	0	—
Financing cash flow	-370.2M	-416.7M	-459.9M	-653.6M	-795.4M	-658.7M	-784.1M	-1.3B	-953.3M	-1.1B
Net change in cash	-17.9M	-55.6M	-14M	-65.6M	-2M	-64.7M	51.8M	-37.6M	24.5M	216.2M
Free cash flow	330.4M	465.3M	497.9M	596.3M	933.7M	613.5M	767.2M	1.3B	946.8M	1.1B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	295.5M	266.4M	297.7M	292.7M	298.1M	262.1M	298.7M	330.3M	335.5M	294M	339.8M	382.8M
Depreciation & amortization	44.7M	43.2M	42.9M	43.7M	44.4M	44.4M	44.7M	45.1M	45M	44.5M	44.6M	45.5M
Stock-based compensation	1.8M	1.7M	2M	2M	2M	2M	2M	2M	2.1M	2.2M	2.6M	2.6M
Change in working capital	44.8M	45.7M	25.6M	-89.4M	-56M	-17.8M	-76.6M	-137.3M	5.7M	24.4M	7.9M	-212.3M
Operating cash flow	381.8M	350.7M	369M	249.4M	290.1M	283.8M	269.5M	240.8M	386.9M	368.1M	378.4M	265.7M
Capital expenditure	-42.9M	-32.9M	-48.3M	-52.6M	-55.8M	-57.4M	-53.8M	-64.3M	—	—	—	—
Investing cash flow	-43M	-33M	-48.4M	-52.7M	-55.9M	-57.5M	-53.8M	-64.4M	-100K	-200K	—	-2M
Dividends paid	-199.8M	-417.3M	-223.2M	-223.3M	-223.4M	-223.4M	-246.7M	-252.5M	-252.5M	-252.6M	-275.6M	-275.4M
Share repurchases	0	0	—	—	—	—	—	—	—	—	-20.3M	-30M
Financing cash flow	-289.8M	-417.3M	-283.2M	-188.3M	-218.4M	-263.4M	-246.7M	-222.5M	-287.5M	-322.6M	-295.9M	-310.4M
Net change in cash	49M	-99.6M	37.4M	8.4M	15.8M	-37.1M	-31M	-46.1M	99.3M	45.3M	82.5M	-46.7M
Free cash flow	341.2M	317.7M	284.8M	201.9M	237.5M	222.6M	206.5M	209.3M	326.6M	308.1M	319.5M	201.6M

Date	Ratio
May 22, 2025	2:1
May 23, 2019	2:1
May 22, 2019	2:1
May 23, 2011	2:1
Nov 14, 2005	2:1
May 13, 2002	2:1
Mar 30, 1995	2:1
Mar 31, 1992	2:1
Feb 26, 1990	2:1
Sep 19, 1988	3:2

Fastenal Co. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history