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Screener / SEC EDGAR /CIK 0000815556 /10-K filed Feb 5, 2026, compared with Feb 6, 2025 /Numbers from the XBRL of the 10-Ks
Industrials peers:
ROKXYLHWMDOVFASTAME
Nasdaq Industrials · Home Improvement Retail

Fastenal FAST

FAST quote by TradingView

Note - Information in this section is as of year end unless otherwise noted. 10-K, Item 1

Employees
24,489
Headquarters
Winona, MN
CEO
Daniel L. Florness
Next results
around Jan 19, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $8.2B through the costs to a net profit of $1.3B · income statement of the 10-K

20% operating margin
Revenue to Gross profit: $3.7BRevenue to Cost of revenue: $4.5BGross profit to Operating profit: $1.7BGross profit to Operating expenses: $2.0BOperating profit to Net profit: $1.3BOperating profit to Tax: $397.3M Revenue: $8.2B REVENUE $8.2B +9% Y/Y Gross profit: $3.7B · 45% margin GROSS PROFIT $3.7B 45% margin · +9% Y/Y Cost of revenue: $4.5B · 55% of revenue COST OF REVENUE $4.5B 55% of revenue Operating profit: $1.7B · 20% margin OPERATING PROFIT $1.7B 20% margin · +10% Y/Y Operating expenses: $2.0B · 25% of revenue OPERATING EXPENSES $2.0B 25% of revenue Net profit: $1.3B · 15% margin NET PROFIT $1.3B 15% margin · +9% Y/Y Tax: $397.3M · 5% of revenue TAX $397.3M 5% of revenue
Gross profit $3.7B 45% margin · +9% Y/Y
Operating profit $1.7B 20% margin · +10% Y/Y
Net profit $1.3B 15% margin · +9% Y/Y
The full income statement, year by year

FAST among Industrials peers

Six ratios from the latest 10-K. Each corner is the share of 81 peers the company is above, not a score.

Compare
Revenue growth: 8.7%, above 75% of 81 peers (their median 4.6%) REVENUE GROWTH 8.7% · above 75% Gross margin: 44.6%, above 73% of 51 peers (their median 38.1%) GROSS MARGIN 44.6% · above 73% Operating margin: 20.5%, above 69% of 71 peers (their median 17.5%) OPERATING MARGIN 20.5% · above 69% Net margin: 15.6%, above 70% of 81 peers (their median 13.0%) NET MARGIN 15.6% · above 70% FCF margin: 13.0%, above 49% of 78 peers (their median 13.3%) FCF MARGIN 13.0% · above 49% Return on capital: 29.6%, above 95% of 65 peers (their median 13.8%) RETURN ON CAPITAL 29.6% · above 95%
FAST Peer median Below the median

What changed

1 new risk paragraph and 2 accounting facts worth reading about. 10-K filed Feb 5, 2026 against Feb 6, 2025.

Risk factors
1 new paragraph, nothing like it in the previous 10-K
10-K Item 1A
Auditor change
8-K item 4.01 (change in certifying accountant) filed Feb 6, 2025
10-K · XBRL
Critical audit matters changed
New this year: Revenue Recognition (“As described in Note 1 to the consolidated financial statements, net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. The Company recognizes revenue when or as the Company satisfies its performance obligations by transfe”). No longer listed: Sufficiency of audit evidence over inventory quantities at in-market locations
10-K · XBRL
Accounting checks
9 other checks clear, 2 worth a look
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
1 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

11 checks on the latest 10-K. Checks, not verdicts.

How it works

2facts worth reading about the other 9 checks found nothing to note

  • Auditor change
    8-K item 4.01 (change in certifying accountant) filed Feb 6, 2025
  • Critical audit matters changed
    New this year: Revenue Recognition (“As described in Note 1 to the consolidated financial statements, net sales include products and shipping and handling charges, net of estimates for product returns and any related sales incentives. The Company recognizes revenue when or as the Company satisfies its performance obligations by transfe”). No longer listed: Sufficiency of audit evidence over inventory quantities at in-market locations
  • Receivables +12.3% vs revenue +8.7% (+3.7 pts)
8 more checks with nothing to note
  • Cash from operations $1.3B vs net income $1.3B (FY ending Dec 31, 2025)
  • Inventory +6.3% vs revenue +8.7% (-2.4 pts)
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

1 paragraph in Risk Factors that was not in the 10-K filed Feb 6, 2025. Quoted as filed.

  1. Item 1A · new paragraph · not in the 10-K filed Feb 6, 2025 10-K, ITEM 1A
    We may not be successful in adopting and integrating emerging technologies. Our ability to maintain and enhance our competitive position depends in part on our capacity to adopt and integrate emerging technologies, including AI and advanced analytics, into our operations, customer solutions, and supply chain management. If we fail to…

New risk paragraphs, against peers

Latest 10-K of each, Industrials companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$7.0B$7.3B$7.5B$8.2B
Net income$1.1B$1.2B$1.2B$1.3B
Operating cash flow$941.0M$1.4B$1.2B$1.3B
Free cash flow$767.2M$1.3B$946.8M$1.1B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$8.2B ▲ 8.7% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

1 filing in the last 30 days · SEC EDGAR

All filings

About the company

Fastenal, Winona, MN · from the 10-K filed Feb 5, 2026

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.

Headquarters
Winona, MN
Country
United States
Reports in
USD
Listed on
Nasdaq
Fiscal year ends
December 31
Last results
Oct 14, 2026
Incorporated in
MN

Employees, at the top of the page: "), two in Canada, and one in Mexico; two in Asia; and two in Europe, and we employed 24,489 people" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 5, 2026 (open at SEC), compared with the 10-K filed Feb 6, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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