FAST
NASDAQ · USDFastenal Company
Industrials · Industrial - Distribution
CEO Jeffery Michael Watts
Employees 24,489
R&D / revenue 0.0%
Last price
$51.02+1.27%last session
Market cap
$58.5B
P/E (TTM)
41.1x
From 52w high
−3.6%
From 52w low
+30.9%
1-year return
+24.3%
RSI 14 · vs SMA200
54.2 · +10.0%
IS score
68.5/ 100
Factor model across 8 sub-scores, ranked against 3,010 US stocks. Describes the business, not the outlook.
Download full factsheet (PDF)
One year, rebased to 100
FAST SPY XLI (sector ETF) · weekly closesScore DNA
Each bar is a 0-100 score within the scored universe79Profitability
64Growth
41Value
77Momentum
100Risk (safety)
80Quality
84Balance sheet
69Earnings quality
Flags
Strengths
✓ Congress buying
Warnings
None of the computed warning flags fires for FAST (Altman, Beneish, accruals, FCF, dilution).
Observations
Moat model: None, Efficient ScalePiotroski 6 / 9Altman Z 29.9Beta 0.713 of 4 smart-money sources active
Smart-money strip
Each disclosure source on its own window. Filings coinciding is not coordination.INSForm 4 · 180 days
Insider open-market buys
0
5 open-market sales, $2.0M
Form 144 notices (12m): 6, $5.0M proposed, not confirmed sales
CONGSTOCK Act · 180 days
Congressional purchases
1
Last disclosed purchase 2026-09-04
Members disclose in ranges, 30-45 days after the trade
13F13F · quarter to 2026-06-30
Net change in institutional holders
+42
139 new holders, 78 closed
1,467 filers hold 89.2% · 564 added, 530 trimmed
ETFETF holdings · 30 days
Net funds accumulating
+270
1,345 funds adding shares
1,075 funds trimming · counts of funds, not dollars
DARKFINRA · daily
Short-sale share of off-exchange volume
56.9%
20-day avg 69.6%, 50-day avg 66.3%
Latest 12.7 pp under its 20-day average · a flow, not short interest
Key financials · FY2025
USD, fiscal year. Stock-based compensation is non-cash; shown against FCF.Income statement
Revenue$8.2B
Revenue growth YoY+8.7%
Gross margin45.0%
Operating income$1.7B
Operating margin20.2%
Net income$1.3B
Net margin15.3%
EPS (diluted)$1.09
Cash flow
Operating cash flow$1.3B
Capital expenditure$245.3M
Free cash flow$1.1B
FCF conversion (FCF / OCF)81.1%
Stock-based compensation$8.4M
FCF less SBC$1.0B
Buybacks$0
Dividends$1.0B
Balance sheet & returns
Cash & short-term investments$276.8M
Total debt$125.0M
Net cash$151.8M
Shareholders' equity$3.9B
Goodwill & intangibles$0
Debt / equity0.11
ROE (TTM)35.1%
ROIC (TTM)30.3%
Operating margin by fiscal year
Revenue $6.0B (FY2021) to $8.2B (FY2025), a 8.1% CAGR.
Valuation
P/E (TTM)41.1x
EV / EBITDA28.7x
Price / sales6.45x
Price / FCF55.6x
FCF yield1.80%
Buyback yield0.00%
SBC / revenue0.1%
Price / book14.11x
Forward P/E FY202640.0x
Forward P/E FY202736.2x
Forward P/E FY202833.2x
Forward multiples divide today's price by Street EPS estimates. Street mean target $53.00 across 4 analysts last quarter is theirs, not ours.
FAST vs industry median
58 companies in Industrial - Distribution
FAST (TTM)Industry median
Asset turnover 1.65 vs industry 1.40 · financial leverage 1.32
Earnings delivery
Next report 2027-01-19 · consensus EPS $0.3158%
beat rate, 7 of 12 quarters
+0.2%
median EPS surprise
4
longest beat streak
EPS surprise in % vs the consensus at the time, oldest (left) to newest, 2024-01-18 to 2026-10-14. Bars cap at ±60%.
Peers
Market-cap band, not the industry cohort above| Company | Mkt cap | P/E | ROE | Net margin | Rev growth | 12m return |
|---|---|---|---|---|---|---|
| FAST Fastenal Company | $58.5B | 41.1x | 35.1% | 15.6% | +8.7% | +24.3% |
| GWW W.W. Grainger, Inc. | $62.7B | 33.9x | 47.9% | 11.4% | +7.8% | +39.7% |
| FERG Ferguson plc | $44.8B | 22.1x | 33.9% | 7.6% | +3.7% | −1.7% |
| WCC WESCO International, Inc. | $16.6B | 23.3x | 14.2% | 3.1% | +12.5% | +56.3% |
| WSO Watsco, Inc. | $12.2B | 25.6x | 16.5% | 7.8% | −3.0% | −17.0% |
| AIT Applied Industrial Technolog | $12.1B | 29.8x | 22.4% | 8.8% | +8.8% | — |
| QXO QXO, Inc. | $11.3B | n/m | -5.0% | -1.7% | +408.2% | — |
| CNM Core & Main, Inc. | $7.7B | 17.2x | 23.4% | 6.7% | −0.5% | — |
12-month window: SPY +15.9%, sector ETF XLI +10.7%. Past returns describe history only.
Recent 8-K filings
2026-10-14Earnings Release; Exhibits
2026-07-16Officer/Director Change
2026-07-14Earnings Release; Exhibits
2026-06-23Material Agreement; Financial Obligation; Exhibits
2026-06-12Officer/Director Change
2026-04-29Officer/Director Change; Exhibits
Context
Shares outstanding1,147,500,000
Free float99.7%
Institutional ownership89.2%
Beta0.71
Dividend yield1.88%
Last dividend$0.26 on 2026-10-28
50 / 200-day average$50.39 / $46.63
Large-cap Industrials median P/E29.8x
Full factsheet
The PDF carries everything on this page plus the cash-allocation waterfall, Form 144 notices, 13F holder detail, dark-pool and short-flow history, seasonality and the moat assessment (None).
Read it in the browser Download (PDF)All fundamentals · 140 measures in 13 categories
Percentile = where FAST sits among 20 scored companies in Industrial - Distribution (0 = lowest value, 100 = highest). It is a position, not a grade.ValuationProfitability (TTM)Returns on capitalGrowthMargin history & stabilityLiquidity (latest quarter)Leverage & solvency (latest quarter)EfficiencyCash flow & earnings qualityDividends & buybacksScores & forensic checksPer shareSize (TTM)
Valuation
| Measure | FAST | Industry percentile |
|---|---|---|
| P/E (TTM) | 41.3x | 93rd |
| PEG (P/E ÷ 3-yr EPS CAGR) | 5.42 | 86th |
| Price / sales | 6.4x | 100th |
| Price / book | 14.1x | 95th |
| Price / tangible book | 13.7x | 57th |
| Price / free cash flow | 55.6x | 82nd |
| Price / operating cash flow | 44.7x | 89th |
| Enterprise value | $58.8B | 95th |
| EV / sales | 6.5x | 100th |
| EV / EBITDA | 28.7x | 88th |
| EV / EBIT | 31.5x | 93rd |
| EV / free cash flow | 55.8x | 82nd |
| Earnings yield | 2.4% | 32nd |
| FCF yield | 1.8% | 26th |
| Operating cash flow yield | 2.2% | 16th |
| Graham number (per share) | $10.01 | 7th |
Profitability (TTM)
| Measure | FAST | Industry percentile |
|---|---|---|
| Gross margin | 44.6% | 100th |
| EBITDA margin | 22.6% | 100th |
| Operating margin | 20.5% | 100th |
| EBIT margin | 20.6% | 100th |
| Net margin | 15.6% | 100th |
| NOPAT margin | 15.6% | 100th |
| FCF margin | 11.6% | 100th |
| Operating cash flow margin | 14.4% | 100th |
| R&D / revenue | 0.0% | 0th |
| SG&A / revenue | 24.1% | 68th |
| Stock comp / revenue | 0.1% | 0th |
| Effective tax rate | 24.0% | 68th |
Returns on capital
| Measure | FAST | Industry percentile |
|---|---|---|
| ROE (on average equity) | 35.3% | 95th |
| ROA | 26.7% | 100th |
| ROIC | 32.3% | 100th |
| ROCE | 41.3% | 100th |
| Return on tangible assets | 35.2% | 100th |
| Cash ROIC (OCF / invested capital) | 29.9% | 95th |
| Gross profitability (GP / assets) | 73.7% | 89th |
| ROIC, 3-yr average | 25.5% | 94th |
| ROIC, 5-yr average | 29.9% | 89th |
| ROE, 5-yr average | 32.9% | 84th |
| Incremental ROIC | 256.4% | 95th |
Growth
| Measure | FAST | Industry percentile |
|---|---|---|
| Revenue growth (TTM YoY) | 13.5% | 84th |
| Revenue growth (QoQ) | 3.2% | 5th |
| Revenue CAGR, 3 yr | 7.6% | 74th |
| Revenue CAGR, 5 yr | 9.2% | 68th |
| Gross profit CAGR, 3 yr | 6.8% | 68th |
| Operating income CAGR, 3 yr | 7.3% | 87th |
| Net income growth (TTM YoY) | 15.6% | 69th |
| Net income CAGR, 3 yr | 7.7% | 71st |
| EPS growth (TTM YoY) | 15.7% | 77th |
| EPS CAGR, 3 yr | 7.6% | 71st |
| EPS CAGR, 5 yr | 9.9% | 62nd |
| FCF growth (TTM YoY) | 9.2% | 50th |
| FCF CAGR, 3 yr | -4.3% | 56th |
| Operating cash flow CAGR, 3 yr | -1.7% | 50th |
| Book value CAGR, 3 yr | 6.1% | 37th |
| Dividend CAGR, 3 yr | 4.0% | 67th |
| Sustainable growth rate | 7.9% | 36th |
Margin history & stability
| Measure | FAST | Industry percentile |
|---|---|---|
| Gross margin, 3-yr average | 45.0% | 100th |
| Operating margin, 3-yr average | 20.4% | 100th |
| Net margin, 3-yr average | 15.5% | 100th |
| FCF margin, 3-yr average | 12.5% | 100th |
| Revenue stability (0-1) | 0.96 | 95th |
| Earnings stability (0-1) | 0.92 | 100th |
| Margin stability (0-1) | 0.99 | 95th |
Liquidity (latest quarter)
| Measure | FAST | Industry percentile |
|---|---|---|
| Cash & short-term investments | $211.9M | 42nd |
| Net cash (− = net debt) | −$239.8M | 74th |
| Working capital | $2.9B | 79th |
| Current ratio | 3.93 | 89th |
| Quick ratio | 2.11 | 79th |
| Cash ratio (cash + ST investments / current liabilities) | 0.22 | 42nd |
| Defensive interval (days) | 305 days | 42nd |
Leverage & solvency (latest quarter)
| Measure | FAST | Industry percentile |
|---|---|---|
| Total debt | $451.7M | 16th |
| Debt / equity | 0.11 | 5th |
| Net debt / equity | 0.06 | 26th |
| Debt / assets | 8.2% | 5th |
| Debt / capital | 9.8% | 5th |
| Debt / EBITDA | 0.22 | 0th |
| Net debt / EBITDA | 0.12 | 24th |
| Interest coverage (EBIT / interest) | — | |
| Cash interest coverage | 4,368.0x | 100th |
| Debt payback (years of OCF) | 0.3 yrs | 6th |
| Liabilities / assets | 24.5% | 0th |
| IS credit model rating | AAA | |
| Implied credit spread (bps) | 50 | 0th |
Efficiency
| Measure | FAST | Industry percentile |
|---|---|---|
| Asset turnover | 1.71 | 79th |
| Fixed asset turnover | 5.93 | 5th |
| Inventory turnover | 2.9 | 21st |
| Receivables turnover | 6.1 | 26th |
| Days sales outstanding | 60 days | 74th |
| Days inventory outstanding | 127 days | 79th |
| Days payables outstanding | 29 days | 11th |
| Cash conversion cycle (days) | 158 days | 95th |
| Capex / revenue | 2.8% | 89th |
| Capex / depreciation | 1.43 | 84th |
| Operating expense ratio | 23.3% | 58th |
Cash flow & earnings quality
| Measure | FAST | Industry percentile |
|---|---|---|
| Operating cash flow / net income | 0.92 | 21st |
| FCF / net income | 0.74 | 21st |
| FCF / operating cash flow | 80.4% | 50th |
| Capex / operating cash flow | 19.6% | 50th |
| Accruals ratio | 2.0% | 89th |
| Sloan accruals ratio | -0.7% | 32nd |
| Earnings quality score (0-1) | 0.75 | 14th |
Scores & forensic checks
| Measure | FAST | Industry percentile |
|---|---|---|
| IS score | 68 | 95th |
| IS profitability | 79 | 100th |
| IS growth | 64 | 89th |
| IS value | 41 | 11th |
| IS momentum | 77 | 68th |
| IS risk (safety) | 100 | 47th |
| IS quality | 80 | 84th |
| IS balance sheet | 84 | 84th |
| IS earnings quality | 69 | 37th |
| IS cash flow | 65 | 74th |
| Piotroski F-score (0-9) | 6 | 32nd |
| Altman Z-score | 29.9 | 100th |
| Beneish M-score | −2.23 | 89th |
| Ohlson O-score | −12.13 | 0th |
| IS credit score | 96 | 95th |
Size (TTM)
| Measure | FAST | Industry percentile |
|---|---|---|
| Market cap | $58.5B | 95th |
| Revenue | $9.1B | 79th |
| EBITDA | $2.0B | 89th |
| Net income | $1.4B | 89th |
| Free cash flow | $1.1B | 89th |
| Total assets | $5.5B | 68th |
| Shareholders' equity | $4.1B | 84th |
| Employees | 22,230 | 89th |
Insider transactions, last 6 months
Form 4 · most recent 12| Date | Insider | Type | Shares | Price | Value | Owned after |
|---|---|---|---|---|---|---|
| 2026-08-13 | Papenfuss Donnalee Kathleen EVP-Strategy and Communication |
Option exercise | 1,364 | $13.75 | $18,755 | 1,364 |
| 2026-08-13 | Papenfuss Donnalee Kathleen EVP-Strategy and Communication |
Open-market sale | 1,364 | $51.42 | $70,132 | 0 |
| 2026-08-13 | Papenfuss Donnalee Kathleen EVP-Strategy and Communication |
Option exercise | 7,894 | $19.00 | $149,986 | 7,894 |
| 2026-08-13 | Papenfuss Donnalee Kathleen EVP-Strategy and Communication |
Open-market sale | 7,894 | $51.38 | $405,626 | 0 |
| 2026-08-13 | Papenfuss Donnalee Kathleen EVP-Strategy and Communication |
Option exercise | 1,364 | $13.75 | $18,755 | 0 |
| 2026-08-13 | Papenfuss Donnalee Kathleen EVP-Strategy and Communication |
Option exercise | 7,894 | $19.00 | $149,986 | 0 |
| 2026-08-13 | Ancius Michael J Director |
Gift | 400 | — | — | 58,290 |
| 2026-08-10 | Ancius Michael J Director |
Option exercise | 3,000 | $13.75 | $41,250 | 61,690 |
| 2026-08-10 | Ancius Michael J Director |
Open-market sale | 3,000 | $52.00 | $156,000 | 58,690 |
| 2026-08-10 | Ancius Michael J Director |
Option exercise | 3,000 | $13.75 | $41,250 | 4,448 |
| 2026-08-05 | Heise Rita J. Director |
Option exercise | 10,000 | $13.00 | $130,000 | 30,000 |
| 2026-08-05 | Heise Rita J. Director |
Open-market sale | 24,964 | $50.05 | $1.2M | 20,000 |
Shares acquired vs disposed, by month
acquired disposed · all Form 4 typesBy transaction type, 6 months
| Type | Direction | Filings | Shares | Value |
|---|---|---|---|---|
| Gift | Disposed | 1 | 400 | — |
| Open-market sale | Disposed | 5 | 40,222 | $2.0M |
| Option exercise | Acquired | 7 | 51,222 | $900,457 |
| Option exercise | Disposed | 7 | 51,222 | $869,307 |
| — | Disposed | 1 | 0 | — |
Awards, option exercises and tax withholding are compensation mechanics; open-market buys and sales are the discretionary ones.
Form 144 notices
12 months: 6 notices · 103,106 shares · $5.0M| Filed | Filer | Shares proposed | Est. proceeds |
|---|---|---|---|
| 2026-08-13 | Donnalee Papenfuss | 9,258 | $475,758 |
| 2026-08-10 | Michael Ancius | 3,000 | $156,000 |
| 2026-08-05 | Rita Heise | 34,964 | $1.8M |
| 2026-07-28 | Michael Ancius | 3,000 | $147,000 |
A Form 144 is notice of a proposed sale, not a confirmed one.
Congress trades
12 months: House 2 trades (1 purchases) · Senate 0 (0 purchases)| Traded | Member | Chamber | Type | Amount | Disclosed |
|---|---|---|---|---|---|
| 2026-09-04 | Ro Khanna | House | Purchase | $1,001 - $15,000 | 2026-10-09 |
| 2026-01-29 | Ro Khanna | House | Sale | $1,001 - $15,000 | 2026-02-10 |
| 2025-04-09 | Josh Gottheimer | House | Sale (Partial) | $1,001 - $15,000 | 2025-05-14 |
| 2025-04-08 | Josh S. Gottheimer | House | Sale (Partial) | $1,001 - $15,000 | 2025-05-14 |
| 2022-10-05 | Tommy Tuberville | Senate | Sale (Full) | $1,001 - $15,000 | 2022-11-10 |
| 2022-10-05 | Tommy Tuberville | Senate | Sale (Full) | $1,001 - $15,000 | 2022-11-09 |
| 2022-10-05 | Thomas Hawley Tuberville | Senate | Sale (Full) | $1,001 - $15,000 | 2022-11-09 |
| 2022-08-18 | Thomas R. Carper | Senate | Sale (Full) | $1,001 - $15,000 | 2022-09-02 |
STOCK Act disclosures, in ranges, filed up to 45 days after the trade.
Largest 13F holders
Quarter to 2026-06-30, the latest most managers have filed| Manager | Shares | Value | % of shares out |
|---|---|---|---|
| BlackRock, Inc. | 106,297,179 | $5.1B | 9.26% |
| VANGUARD CAPITAL MANAGEMENT LLC | 74,919,565 | $3.6B | 6.53% |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 64,893,489 | $3.1B | 5.66% |
| STATE STREET CORP | 56,438,968 | $2.7B | 4.92% |
| Invesco Ltd. | 39,561,324 | $1.9B | 3.45% |
| GEODE CAPITAL MANAGEMENT, LLC | 39,479,611 | $1.9B | 3.44% |
| Bank of New York Mellon Corp | 17,862,801 | $858.0M | 1.56% |
| BANK OF AMERICA CORP /DE/ | 16,121,214 | $774.3M | 1.40% |
| MORGAN STANLEY | 15,983,599 | $767.7M | 1.39% |
| Baird Financial Group, Inc. | 15,561,007 | $747.4M | 1.36% |
| NORGES BANK | 15,420,060 | $740.6M | 1.34% |
| JPMORGAN CHASE & CO | 14,675,393 | $695.6M | 1.28% |
| GOLDMAN SACHS GROUP INC | 14,258,275 | $684.8M | 1.24% |
| WELLINGTON MANAGEMENT GROUP LLP | 10,754,674 | $516.5M | 0.94% |
| ENVESTNET ASSET MANAGEMENT INC | 10,347,343 | $497.0M | 0.90% |
Institutional ownership by quarter
% of shares held by 13F filers
Number of 13F filers holding
Holder changes by quarter
| Quarter | Holders | Ownership | New | Increased | Reduced | Closed |
|---|---|---|---|---|---|---|
| 2026-06-30 | 1,467 | 89.2% | 139 | 564 | 530 | 78 |
| 2026-03-31 | 1,425 | 83.5% | 155 | 508 | 525 | 96 |
| 2025-12-31 | 1,387 | 85.1% | 171 | 478 | 546 | 142 |
| 2025-09-30 | 1,383 | 83.2% | 158 | 526 | 472 | 67 |
| 2025-06-30 | 1,315 | 84.4% | 145 | 1,130 | 37 | 71 |
| 2025-03-31 | 1,257 | 84.3% | 128 | 453 | 486 | 83 |
| 2024-12-31 | 1,233 | 82.7% | 151 | 419 | 468 | 64 |
| 2024-09-30 | 1,169 | 81.3% | 102 | 435 | 424 | 72 |
| 2024-06-30 | 1,154 | 81.3% | 93 | 427 | 436 | 110 |
| 2024-03-31 | 1,187 | 81.9% | 140 | 385 | 481 | 66 |
| 2023-12-31 | 1,127 | 81.7% | 158 | 374 | 431 | 57 |
| 2023-09-30 | 1,039 | 79.6% | 70 | 371 | 400 | 75 |
Schedule 13D / 13G filers
| Filed | Form | Filer | % of class | Shares |
|---|---|---|---|---|
| 2026-04-29 | SCHEDULE 13G | Vanguard Portfolio Management | 5.6% | 64,721,178 |
| 2026-04-29 | SCHEDULE 13G | Vanguard Capital Management | 7.5% | 86,284,923 |
| 2026-03-26 | SCHEDULE 13G/A | The Vanguard Group | 0.0% | 0 |
Required above 5% of a class; 13G is the passive form.
ETFs with the largest holding
| ETF | Weight in fund | Holding value |
|---|---|---|
| VITSX | 0.08% | $1.8B |
| VSMPX | 0.08% | $1.8B |
| VTI | 0.08% | $1.8B |
| VTSAX | 0.08% | $1.8B |
| SCHD | 1.49% | $1.7B |
| VFFSX | 0.09% | $1.5B |
Share structure
Shares outstanding1,147,500,000
Float1,144,602,956
Free float99.7%
Income statement
Fiscal years, USD| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Revenue | $6.0B | $7.0B | $7.3B | $7.5B | $8.2B |
| Cost of revenue | $3.2B | $3.8B | $4.0B | $4.1B | $4.5B |
| Gross profit | $2.8B | $3.2B | $3.4B | $3.4B | $3.7B |
| R&D | $0 | $0 | $0 | $0 | $0 |
| SG&A | $1.6B | $1.8B | $1.8B | $1.9B | $2.0B |
| Operating income | $1.2B | $1.5B | $1.5B | $1.5B | $1.7B |
| EBITDA | $1.4B | $1.6B | $1.7B | $1.7B | $1.7B |
| Pretax income | $1.2B | $1.4B | $1.5B | $1.5B | $1.7B |
| Income tax | $282.8M | $353.1M | $367.0M | $357.5M | $396.6M |
| Net income | $925.0M | $1.1B | $1.2B | $1.2B | $1.3B |
| EPS, diluted | $0.80 | $0.94 | $1.01 | $1.00 | $1.09 |
| Diluted shares | 1.2B | 1.2B | 1.1B | 1.1B | 1.2B |
Balance sheet
| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Cash & short-term investments | $236.2M | $230.1M | $221.3M | $255.8M | $276.8M |
| Receivables | $900.2M | $1.0B | $1.1B | $1.1B | $1.2B |
| Inventory | $1.5B | $1.7B | $1.5B | $1.6B | $1.7B |
| Total current assets | $2.9B | $3.1B | $3.0B | $3.2B | $3.5B |
| PP&E, net | $1.3B | $1.3B | $1.3B | $1.3B | $1.4B |
| Goodwill & intangibles | $0 | $0 | $0 | $0 | $0 |
| Total assets | $4.3B | $4.5B | $4.5B | $4.7B | $5.1B |
| Accounts payable | $233.1M | $255.0M | $264.1M | $287.7M | $316.8M |
| Total current liabilities | $682.2M | $789.8M | $661.3M | $687.1M | $715.6M |
| Long-term debt | $330.0M | $353.2M | $200.0M | $125.0M | $100.0M |
| Total liabilities | $1.3B | $1.4B | $1.1B | $1.1B | $1.1B |
| Shareholders' equity | $3.0B | $3.2B | $3.3B | $3.6B | $3.9B |
Cash flow statement
Outflows are negative| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Net income | $925.0M | $1.1B | $1.2B | $1.2B | $1.3B |
| Depreciation & amortization | $170.7M | $176.6M | $177.3M | $175.4M | $179.2M |
| Stock-based compensation | $5.6M | $7.2M | $7.3M | $8.0M | $8.4M |
| Change in working capital | −$318.9M | −$324.1M | $105.9M | −$154.1M | $236.7M |
| Operating cash flow | $770.1M | $941.0M | $1.4B | $1.2B | $1.3B |
| Capital expenditure | −$156.6M | −$173.8M | −$172.8M | −$226.5M | −$245.3M |
| Free cash flow | $613.5M | $767.2M | $1.3B | $946.8M | $1.1B |
| Investing cash flow | −$148.5M | −$163.0M | −$161.2M | −$214.5M | −$231.0M |
| Net debt issued / repaid | −$15.0M | $165.0M | −$295.0M | −$60.0M | −$75.0M |
| Buybacks | −$31.6M | −$237.8M | $0 | $0 | $0 |
| Dividends paid | −$643.7M | −$711.3M | −$1.0B | −$893.3M | −$1.0B |
Ratio history
Margins on the fiscal-year (TTM at Q4) basis; multiples at each year end| FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | |
|---|---|---|---|---|---|
| Gross margin | 46.2% | 46.1% | 45.7% | 45.1% | 45.0% |
| Operating margin | 20.3% | 20.8% | 20.8% | 20.0% | 20.2% |
| Net margin | 15.4% | 15.6% | 15.7% | 15.2% | 15.3% |
| FCF margin | 10.2% | 11.0% | 17.1% | 12.5% | 12.8% |
| ROE | 32.0% | 35.0% | 35.5% | 33.0% | 33.3% |
| ROIC | 27.1% | 29.4% | 31.7% | 30.0% | 30.6% |
| ROA | 22.4% | 24.6% | 25.6% | 25.1% | 25.8% |
| Debt / equity | 0.21 | 0.25 | 0.16 | 0.13 | 0.11 |
| Interest coverage | 124.2x | 101.7x | 141.9x | 207.0x | 259.6x |
| Current ratio | 4.19 | 3.96 | 4.57 | 4.67 | 4.85 |
| Revenue growth | +6.4% | +16.1% | +5.2% | +2.7% | +8.7% |
| EPS growth | +7.4% | +18.5% | +6.2% | −0.6% | +9.3% |
| P/E at year end | 36.2x | 23.1x | 30.8x | 35.2x | 36.7x |
| EV / EBITDA at year end | 24.4x | 15.8x | 21.0x | 24.1x | 25.2x |
| FCF yield at year end | 1.83% | 3.05% | 3.54% | 2.34% | 2.28% |
| Dividend payout | 69.6% | 65.4% | 88.0% | 77.6% | 79.8% |
Revenue by region · FY2025
UNITED STATES$6.8B · 83%
Canada and Mexico$1.1B · 14%
Non-North America$271.4M · 3%
Street estimates by fiscal year
Next report 2027-01-19 · consensus EPS $0.31 · these are analysts' numbers, not ours| Fiscal year | Revenue (mean) | Revenue range | EPS (mean) | EPS range | Analysts | P/E on mean EPS |
|---|---|---|---|---|---|---|
| 2026 | $9.4B | $8.8B – $9.5B | $1.28 | $1.21 – $1.30 | 11 | 40.0x |
| 2027 | $10.2B | $9.8B – $10.4B | $1.41 | $1.37 – $1.44 | 12 | 36.2x |
| 2028 | $11.1B | $10.6B – $11.3B | $1.54 | $1.52 – $1.59 | 11 | 33.2x |
Reported vs expected, every quarter on file
| Reported | EPS expected | EPS actual | EPS surprise | Revenue expected | Revenue actual | Revenue surprise |
|---|---|---|---|---|---|---|
| 2026-10-14 | $0.34 | $0.35 | +3.0% | $2.4B | $2.5B | +0.9% |
| 2026-07-14 | $0.33 | $0.33 | +0.4% | $2.3B | $2.4B | +2.1% |
| 2026-04-13 | $0.30 | $0.30 | +0.4% | $2.2B | $2.2B | +0.2% |
| 2026-01-20 | $0.26 | $0.26 | +0.3% | $2.0B | $2.0B | −0.5% |
| 2025-10-13 | $0.30 | $0.29 | −2.4% | $2.1B | $2.1B | +0.1% |
| 2025-07-14 | $0.28 | $0.29 | +2.7% | $2.1B | $2.1B | +0.3% |
| 2025-04-11 | $0.26 | $0.26 | +0.0% | $2.0B | $2.0B | +0.4% |
| 2025-01-17 | $0.48 | $0.23 | −52.1% | $1.8B | $1.8B | −1.0% |
| 2024-10-11 | $0.51 | $0.26 | −49.3% | $1.9B | $1.9B | +0.4% |
| 2024-07-12 | $0.51 | $0.25 | −50.9% | $1.9B | $1.9B | +0.1% |
| 2024-04-11 | $0.53 | $0.26 | −50.9% | $1.9B | $1.9B | −1.0% |
| 2024-01-18 | $0.22 | $0.23 | +4.5% | $1.8B | $1.8B | +0.4% |
| 2023-10-12 | $0.25 | $0.26 | +4.0% | $1.8B | $1.8B | +5.2% |
| 2023-07-13 | $0.26 | $0.26 | 0.0% | $1.9B | $1.9B | −0.4% |
| 2023-04-13 | $0.25 | $0.26 | +4.0% | $1.9B | $1.9B | −2.4% |
| 2023-01-19 | $0.21 | $0.22 | +4.8% | $1.7B | $1.7B | +0.8% |
| 2022-10-13 | $0.24 | $0.25 | +4.2% | $1.8B | $1.8B | +0.6% |
| 2022-07-13 | $0.25 | $0.25 | 0.0% | $1.8B | $1.8B | −0.4% |
| 2022-04-13 | $0.22 | $0.23 | +4.5% | $1.7B | $1.7B | +0.7% |
| 2022-01-19 | $0.19 | $0.20 | +5.3% | $1.6B | $1.5B | −6.8% |
| 2021-10-12 | $0.20 | $0.21 | +5.0% | $1.5B | $1.6B | +1.0% |
| 2021-07-13 | $0.20 | $0.21 | +5.0% | $1.5B | $1.5B | +0.1% |
| 2021-04-13 | $0.19 | $0.19 | 0.0% | $1.4B | $1.4B | 0.0% |
| 2021-01-20 | $0.17 | $0.17 | 0.0% | $1.3B | $1.4B | +3.1% |
Off-exchange (dark pool) volume, weekly
FINRA ATS, $ billions · through the week of 2026-08-31 (FINRA publishes with a delay)| Week of | Notional | Shares | Trades |
|---|---|---|---|
| 2026-08-31 | $330.6M | 6,747,291 | 102,313 |
| 2026-08-24 | $264.8M | 5,204,803 | 94,757 |
| 2026-08-17 | $288.5M | 5,627,574 | 97,983 |
| 2026-08-10 | $399.5M | 7,694,359 | 114,371 |
| 2026-08-03 | $463.1M | 9,265,489 | 139,279 |
| 2026-07-27 | $416.2M | 8,757,369 | 146,441 |
Short-sale share of off-exchange volume
daily 20-day average| Date | Short share | Short volume | Total volume |
|---|---|---|---|
| 2026-10-15 | 56.9% | 2,249,199 | 3,953,534 |
| 2026-10-14 | 67.6% | 5,327,485 | 7,884,937 |
| 2026-10-13 | 68.9% | 2,211,721 | 3,211,461 |
| 2026-10-12 | 71.3% | 1,404,270 | 1,969,850 |
| 2026-10-09 | 67.5% | 1,043,531 | 1,546,132 |
| 2026-10-08 | 70.3% | 1,464,117 | 2,083,803 |
| 2026-10-07 | 72.3% | 1,397,375 | 1,932,151 |
| 2026-10-06 | 68.0% | 918,717 | 1,350,975 |
| 2026-10-05 | 66.8% | 949,041 | 1,419,895 |
| 2026-10-02 | 74.9% | 1,502,495 | 2,005,904 |
A daily flow measure from FINRA, not short interest.
Seasonality
Average return by calendar month| Month | Avg return | Up years | Years |
|---|---|---|---|
| Jan | +1.5% | 60% | 20 |
| Feb | +1.1% | 65% | 20 |
| Mar | +3.8% | 76% | 21 |
| Apr | +1.9% | 60% | 20 |
| May | −1.2% | 30% | 20 |
| Jun | −1.6% | 40% | 20 |
| Jul | +3.2% | 60% | 20 |
| Aug | +0.7% | 65% | 20 |
| Sep | +1.1% | 40% | 20 |
| Oct | +1.3% | 50% | 20 |
| Nov | +3.1% | 65% | 20 |
| Dec | +2.1% | 65% | 20 |
History, not a forecast.
Indicators
as of 2026-10-16RSI 1454.2
MFI39.6
ADX14.1
Stochastic %K / %D71.6 / 78.0
Williams %R-32.6
CCI60
TSI / signal11.1 / 9.2
Chaikin money flow0.14
ATR$1.38
Bollinger width4.8%
Volume vs 20-day avg1.24x
SupertrendUp
Moving averages and bands
level (price vs level)SMA 20$50.59 (+0.8%)
SMA 50$50.39 (+1.3%)
SMA 200$46.39 (+10.0%)
EMA 21$50.57 (+0.9%)
EMA 50$49.87 (+2.3%)
EMA 200$46.87 (+8.9%)
Bollinger upper$51.81 (−1.5%)
Bollinger lower$49.37 (+3.3%)
Parabolic SAR$47.41 (+7.6%)
Open the live chart, 110+ indicatorsAbout Fastenal Company
Fastenal Company, along with its associated entities, operates as a global wholesale supplier of industrial and construction materials, with significant operations throughout North America, including the United States, Canada, and Mexico, and other international markets. Branded as Fastenal, the company offers a comprehensive range of fasteners, such as threaded bolts, nuts, screws, studs, and washers, which are vital for manufacturing processes, building developments, and equipment servicing. Beyond fasteners, its product catalog extends to diverse hardware and miscellaneous items like pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, and rivets, along with their related accessories. Fastenal serves a wide array of clients, including original equipment manufacturers, maintenance, repair, and operations departments within the manufacturing sector, and various non-residential construction contractors spanning general, electrical, plumbing, sheet metal, and road construction. Its customer base further encompasses agricultural businesses, transportation services (trucking, railroads), mining operations, educational institutions, retail establishments, the oil and gas exploration, production, and refinement industries, and governmental bodies at federal, state, and local levels. The company distributes its offerings through an extensive network of 3,209 in-market facilities and 15 major distribution centers. Established in 1967, Fastenal Company's corporate headquarters are located in Winona, Minnesota.
https://www.fastenal.com
Key executives
| Name | Title | Pay | Born |
|---|---|---|---|
| Daniel L. Florness | Strategic Advisor to the CEO | $3.3M | 1963 |
| Jeffery Watts | President, Chief Executive Officer & Director | $2.4M | 1972 |
| Charles S. Miller | Senior Executive Vice President of Sales | $1.6M | 1974 |
| William Joseph Drazkowski | Senior Executive Vice President of Sales | $1.6M | 1971 |
| John Lewis Soderberg | Senior Executive Vice President of Information Technology | $1.4M | 1971 |
| Sheryl Ann Lisowski | Executive Vice President, Chief Accounting Officer & Treasurer | $1.3M | 1967 |
| Max H. Tunnicliff | Senior EVice President & Chief Financial Officer | $466,403 | 1979 |
| Donnalee K. Papenfuss | Executive Vice President of Strategy & Communications | — | 1964 |
Executive pay, latest proxy
| Executive | Year | Salary | Stock awards | Incentive | Total |
|---|---|---|---|---|---|
| Daniel L. Florness Chief Executive Officer | 2025 | $750,000 | $0 | $2.6M | $4.2M |
| Jeffery M. Watts President and Chief Sales Officer | 2025 | $535,658 | $0 | $1.8M | $3.1M |
| Charles S. Miller Senior Executive Vice President - Sales | 2025 | $450,000 | $0 | $1.1M | $1.9M |
| John L. Soderberg Senior Executive Vice President - Information Technology | 2025 | $400,008 | $0 | $954,200 | $1.6M |
| Sheryl A. Lisowski Executive Vice President - Chief Accounting Officer and Treasurer | 2025 | $404,549 | $0 | $876,090 | $1.5M |
| Holden Lewis Former Senior Executive Vice President and Chief Financial Officer | 2025 | $129,526 | $0 | $83,767 | $504,309 |
Employees
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| 2026-10-28 | $0.26 | 2026-11-25 |
| 2026-07-28 | $0.26 | 2026-08-25 |
| 2026-04-28 | $0.24 | 2026-05-26 |
| 2026-01-29 | $0.24 | 2026-02-26 |
| 2025-10-28 | $0.22 | 2025-11-25 |
| 2025-07-29 | $0.22 | 2025-08-26 |
| 2025-04-25 | $0.22 | 2025-05-23 |
| 2025-01-31 | $0.215 | 2025-02-28 |
Moat model
None · Efficient Scale · 2026-09-30Cost advantage30
Intangibles19
Switching costs12
Network effect65
Efficient scale100
Our component scores (0-100) and overall 38.5; a model of the business, not a call on the stock.
InsiderStreet reports findings from filings and market data. Nothing on this page is a recommendation to buy or sell.Every figure is computed in code · data as of 2026-10-17