FASTENAL CO FAST

Consumer discretionary SIC 5200 - Retail-Building Materials, Hardware, Garden Supply NAICS Retail Trade › Building Material and Garden Equipment and Supplies Dealers derived Nasdaq

Note – Information in this section is as of year end unless otherwise noted. The year end is December 31, 2025 unless additional years are included or noted.

Fastenal began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968. We opened our first branch in 1967 in Winona, Minnesota, a city with a population today of approximately 26,000. We began with a marketing strategy of supplying threaded fasteners to customers through a branch network in small, medium, and, in subsequent years, large cities. Over time, how and where we engage our customers has expanded and evolved. Today we sell a broader range of industrial and construction supplies spanning more than nine major product lines through a global network of locations utilizing diverse technologies such as vending devices, bin stock devices, and eBusiness. The large majority of our transactions are business-to-business. We provide additional descriptions of our product lines and market channels later in this document. At the end of 2025, we had 1,595 branch locations in 25 countries supported by 15 distribution centers in North America, with 12 in the United States (U.S.), two in Canada, and one in Mexico; two in Asia; and two in Europe, and we employed 24,489 people. We believe our success can be attributed to the high quality of our employees and their convenient proximity to our customers, and our ability to offer customers a full range of products and services to reduce their total cost of procurement.

Last close 51.91 2026-10-23
Market cap $59.57B 2026-06-30 share count
52-week range 38.97 - 52.91

Valuation FY2025 figures against the last close

P/S7.3x
P/E47.6x
P/FCF56.7x
EV/EBITDA32.4x
Dividend yield1.7%
Diluted EPS1.09

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Canada and Mexico
  • All other foreign countries
Revenue by geography, 3 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 6.8B (83.2%) 83% United States Canada and Mexico, FY2025: 1.1B (13.5%) 14% Canada and Mexico All other foreign countries, FY2025: 271.4M (3.3%) FY2024 United States, FY2024: 6.3B (83.1%) 83% Canada and Mexico, FY2024: 1B (13.7%) 14% All other foreign countries, FY2024: 237.3M (3.1%) FY2023 United States, FY2023: 6.1B (83.6%) 84% Canada and Mexico, FY2023: 981.9M (13.4%) 13% All other foreign countries, FY2023: 225M (3.1%)
Region FY2025FY2024FY2023
United States $6.82B $6.27B $6.14B
Canada and Mexico $1.11B $1.04B $981.9M
All other foreign countries $271.4M $237.3M $225.0M

As the company reported it, from the “Revenue - Revenues by Geographic Areas (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Revenue by segment

  • U.S. reportable segment
  • Other operating segment
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 U.S. reportable segment, FY2025: 6.8B (83.2%) 83% U.S. reportable segment Other operating segment, FY2025: 1.4B (16.8%) 17% Other operating segment FY2024 U.S. reportable segment, FY2024: 6.3B (83.1%) 83% Other operating segment, FY2024: 1.3B (16.9%) 17% FY2023 U.S. reportable segment, FY2023: 6.1B (83.6%) 84% Other operating segment, FY2023: 1.2B (16.4%) 16%
Segment FY2025FY2024FY2023
U.S. reportable segment $6.82B $6.27B $6.14B
Other operating segment $1.38B $1.27B $1.21B

As the company reported it, from the “Segment Reporting - Reconciliation of Reportable Segment Net Sales from External Customers to Consolidated Net Sales (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $8.20B$7.55B$7.35B$6.98B$6.01B$5.65B$5.33B$4.97B$4.39B$3.96B
Cost of revenue $4.51B$4.14B$3.99B$3.76B$3.23B$3.08B$2.82B$2.57B$2.23B$2.00B
Gross profit $3.69B$3.40B$3.35B$3.22B$2.78B$2.57B$2.52B$2.40B$2.16B$1.96B
SG&A $2.04B$1.89B$1.83B$1.76B$1.56B$1.43B$1.46B$1.40B$1.28B$1.17B
Operating income $1.66B$1.51B$1.53B$1.45B$1.22B$1.14B$1.06B$999.2M$881.8M$795.8M
Interest expense $6.2M$7.3M$10.8M$14.3M$9.7M$9.7M$13.9M$12.6M$9.1M$6.5M
Pre-tax income $1.66B$1.51B$1.52B$1.44B$1.21B$1.13B$1.04B$987.0M$873.1M$789.7M
Income tax $396.6M$357.5M$367.0M$353.1M$282.8M$273.6M$252.8M$235.1M$294.5M$290.3M
Net income $1.26B$1.15B$1.16B$1.09B$925.0M$859.1M$790.9M$751.9M$578.6M$499.4M
EPS, basic 1.101.001.011.891.611.501.381.311.001.73
EPS, diluted 1.091.001.011.891.601.491.381.311.001.73
Shares, diluted (wtd. avg.) 1.15B1.15B1.15B575.6M577.1M575.7M574.4M574.3M576.7M289.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $276.8M$255.8M$221.3M$230.1M$236.2M$245.7M$174.9M$167.2M$116.9M$112.7M
Receivables $1.25B$1.11B$1.09B$1.01B$900.2M$769.4M$741.8M$714.3M$607.8M$499.7M
Inventory $1.75B$1.65B$1.52B$1.71B$1.52B$1.34B$1.37B$1.28B$1.09B$993.0M
Total current assets $3.47B$3.21B$3.02B$3.12B$2.86B$2.50B$2.46B$2.32B$1.94B$1.72B
Property, plant and equipment $1.13B$1.06B$1.01B$1.01B$1.02B$1.03B$1.02B$924.8M$893.6M$899.7M
Total assets $5.05B$4.70B$4.46B$4.55B$4.30B$3.96B$3.80B$3.32B$2.91B$2.67B
Accounts payable $316.8M$287.7M$264.1M$255.0M$233.1M$207.0M$192.8M$193.6M$147.5M$108.8M
Short-term debt $25.0M$75.0M$60.0M$201.8M$60.0M$40.0M$3.0M$3.0M$3.0M$10.5M
Total current liabilities $715.6M$687.1M$661.3M$789.8M$682.2M$612.7M$544.7M$437.4M$351.0M$275.7M
Long-term debt $100.0M$125.0M$200.0M$353.2M$330.0M$365.0M$342.0M$497.0M$412.0M$379.5M
Retained earnings $3.87B$3.61B$3.36B$3.22B$2.97B$2.69B$2.63B$2.34B$2.11B$1.94B
Total equity $3.94B$3.62B$3.35B$3.16B$3.04B$2.73B$2.67B$2.30B$2.10B$1.93B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $1.30B$1.17B$1.43B$941.0M$770.1M$1.10B$842.7M$674.2M$585.2M$519.9M
Depreciation and amortisation $179.2M$175.4M$177.3M$176.6M$159.9M$153.3M$144.6M$134.1M$123.6M$103.5M
Stock-based compensation $8.4M$8.0M$7.3M$7.2M$5.6M$5.7M$5.7M$5.1M$5.2M$4.1M
Capital expenditure $245.3M$226.5M$172.8M$173.8M$156.6M$168.1M$246.4M$176.3M$119.9M$189.5M
Investing cash flow -$231.0M-$214.5M-$161.2M-$163.0M-$148.5M-$281.7M-$239.7M-$173.9M-$179.3M-$188.1M
Financing cash flow -$1.05B-$913.7M-$1.28B-$774.9M-$627.1M-$754.4M-$595.1M-$446.5M-$407.2M-$346.8M
Dividends paid $1.00B$893.3M$1.02B$711.3M$643.7M$803.4M$498.6M$441.9M$369.1M$346.6M
Buybacks —$0$0$237.8M$0$52.0M$0$103.0M$82.6M$59.5M

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000815556-26-000009.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 2.5B 5B 7.5B 10B Revenue, FY2016: 4B Gross profit, FY2016: 2B Net income, FY2016: 499.4M Revenue, FY2017: 4.4B Gross profit, FY2017: 2.2B Net income, FY2017: 578.6M Revenue, FY2018: 5B Gross profit, FY2018: 2.4B Net income, FY2018: 751.9M Revenue, FY2019: 5.3B Gross profit, FY2019: 2.5B Net income, FY2019: 790.9M Revenue, FY2020: 5.6B Gross profit, FY2020: 2.6B Net income, FY2020: 859.1M Revenue, FY2021: 6B Gross profit, FY2021: 2.8B Net income, FY2021: 925M Revenue, FY2022: 7B Gross profit, FY2022: 3.2B Net income, FY2022: 1.1B Revenue, FY2023: 7.3B Gross profit, FY2023: 3.4B Net income, FY2023: 1.2B Revenue, FY2024: 7.5B Gross profit, FY2024: 3.4B Net income, FY2024: 1.2B Revenue, FY2025: 8.2B Gross profit, FY2025: 3.7B Net income, FY2025: 1.3B FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $3.96B $4.39B $4.97B $5.33B $5.65B $6.01B $6.98B $7.35B $7.55B $8.20B
Gross profit $1.96B $2.16B $2.40B $2.52B $2.57B $2.78B $3.22B $3.35B $3.40B $3.69B
Net income $499.4M $578.6M $751.9M $790.9M $859.1M $925.0M $1.09B $1.16B $1.15B $1.26B

Recent filings and events

  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
  • Officer or director change Item 5.02
  • Officer or director change Item 5.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Item 5.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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