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FASTFastenal

Industrials · Home Improvement Retail · Nasdaq

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

FAST quote by TradingView
Employees
24,489
Headquarters
Winona, MN
CEO
Daniel L. Florness
Next results
around Jan 19, 2027
Compare with peers → Embed
All key numbers (42, from the latest 10-K and 10-Q) From EDGAR
EPS (ttm)1.23Sales (ttm)9.1BNet income (ttm)1.4BSales growth+8.7%EPS growth+9.0%Sales Q/Q+15.5%
Free cash flow1.2BGross margin44.6%Oper. margin20.5%Net margin15.6%FCF margin13.0%ROE34.2%
ROA25.8%R&D / sales-Dividend0.88Debt/Eq0.02Curr. ratio3.93Cash211.9M
Op. cash flow (ttm)1.4BEBITDA1.8BEBITDA margin22.4%Net debt-111.9MQuick ratio2.14Interest cover267.05
ROIC29.6%Payout ratio80.3%Tax rate24.0%Stock pay / sales0.1%Shares out.1.1BShares Y/Y+0.2%
Book / share3.62Cash / share0.18Sales / share7.91Asset turnover1.65Inventory turns2.58Days sales out.55
Sales 3Y CAGR+5.5%Sales 5Y CAGR+7.7%EPS 3Y CAGR+4.9%EPS 5Y CAGR+7.9%Employees24,489Sales / employee371K

Hover or tap a number to see the XBRL line item and filing it comes from; click it to open that filing at SEC. What each number means. Looks wrong? Tell us.

Changes in the numbers

FY2025 against FY2024
  • Revenue growth sped up to +8.7%+2.7% → +8.7% · Revenue FY2025 / revenue FY2024 − 1, against the same a year earlier · 10-K ↗
What management wrote about it → · Every company →

FAST against Industrials peers

Ten years, side by side → · All 83 →
GrowthProfitBalanceCleanInsiders
FASTPeer median

Each side 0 to 100, ranked against every company we cover: relative position on reported figures, not a buy score. How

Every dot is one of the 83 companies, the better end on the right. Hover a dot for the company.

Sales growth
+8.7%21st of 82 · median +4.8%
Net margin
15.6%25th of 82 · median 13.0%
Return on equity
34.2%24th of 77 · median 24.9%
Free cash flow margin
13.0%41st of 79 · median 13.0%
Debt / equity (less is better)
0.023rd of 72 · median 0.72
FAST and the 5 peers closest in revenue
CompanyRevenue (ttm)Sales growthGross marginNet marginROEFCF marginDebt / equity
FAST Fastenal$9.1B +8.7%44.6%15.6%34.2%13.0%0.02
HWM Howmet Aerospace$9.7B +11.1%-21.1%35.6%19.8%0.77
FDXF FedEx Freight$9.1B -1.1%-5.3%--11.1%-
XYL Xylem Inc.$9.1B +5.5%39.8%11.9%10.5%10.2%0.34
ROK Rockwell Automation$9.0B +0.9%49.1%13.4%34.4%16.8%0.93
DOV Dover Corporation$8.6B +4.5%39.7%13.6%15.3%13.9%0.52

From $6.0B of sales to $925.0M of profit

FY2021, from the 10-K income statement
Revenue to Gross profit: $2.8BRevenue to Cost of revenue: $3.2BGross profit to Operating profit: $1.2BGross profit to Operating expenses: $1.6BOperating profit to Net profit: $925.0MOperating profit to Tax & other: $292.4M Revenue: $6.0B Revenue$6.0B +6% Y/Y Gross profit: $2.8B · 46% margin Gross profit$2.8B46% margin +8% Y/Y Cost of revenue: $3.2B · 54% of revenue Cost of revenue$3.2B54% of revenue Operating profit: $1.2B · 20% margin Operating profit$1.2B20% margin +7% Y/Y Operating expenses: $1.6B · 26% of revenue Operating expenses$1.6B26% of revenue Net profit: $925.0M · 15% margin Net profit$925.0M15% margin +8% Y/Y Tax & other: $292.4M · 5% of revenue Tax & other$292.4M5% of revenue

Swipe sideways for the whole flow →

From $7.0B of sales to $1.1B of profit

FY2022, from the 10-K income statement and revenue by segment
U.S. reportable segment to Revenue: $5.9BOther operating segment to Revenue: $1.1BRevenue to Gross profit: $3.2BRevenue to Cost of revenue: $3.8BGross profit to Operating profit: $1.5BGross profit to Operating expenses: $1.8BOperating profit to Net profit: $1.1BOperating profit to Tax & other: $366.7M U.S. reportable segment: $5.9B · 84% U.S. reportable segment$5.9B84% Other operating segment: $1.1B · 16% Other operating segment$1.1B16% Revenue: $7.0B Revenue$7.0B +16% Y/Y Gross profit: $3.2B · 46% margin Gross profit$3.2B46% margin +16% Y/Y Cost of revenue: $3.8B · 54% of revenue Cost of revenue$3.8B54% of revenue Operating profit: $1.5B · 21% margin Operating profit$1.5B21% margin +19% Y/Y Operating expenses: $1.8B · 25% of revenue Operating expenses$1.8B25% of revenue Net profit: $1.1B · 16% margin Net profit$1.1B16% margin +18% Y/Y Tax & other: $366.7M · 5% of revenue Tax & other$366.7M5% of revenue

Swipe sideways for the whole flow →

From $7.3B of sales to $1.2B of profit

FY2023, from the 10-K income statement and revenue by segment
U.S. reportable segment to Revenue: $6.1BOther operating segment to Revenue: $1.2BRevenue to Gross profit: $3.4BRevenue to Cost of revenue: $4.0BGross profit to Operating profit: $1.5BGross profit to Operating expenses: $1.8BOperating profit to Net profit: $1.2BOperating profit to Tax & other: $373.7M U.S. reportable segment: $6.1B · 84% U.S. reportable segment$6.1B84% Other operating segment: $1.2B · 16% Other operating segment$1.2B16% Revenue: $7.3B Revenue$7.3B +5% Y/Y Gross profit: $3.4B · 46% margin Gross profit$3.4B46% margin +4% Y/Y Cost of revenue: $4.0B · 54% of revenue Cost of revenue$4.0B54% of revenue Operating profit: $1.5B · 21% margin Operating profit$1.5B21% margin +5% Y/Y Operating expenses: $1.8B · 25% of revenue Operating expenses$1.8B25% of revenue Net profit: $1.2B · 16% margin Net profit$1.2B16% margin +6% Y/Y Tax & other: $373.7M · 5% of revenue Tax & other$373.7M5% of revenue

Swipe sideways for the whole flow →

From $7.5B of sales to $1.2B of profit

FY2024, from the 10-K income statement and revenue by segment
U.S. reportable segment to Revenue: $6.3BOther operating segment to Revenue: $1.3BRevenue to Gross profit: $3.4BRevenue to Cost of revenue: $4.1BGross profit to Operating profit: $1.5BGross profit to Operating expenses: $1.9BOperating profit to Net profit: $1.2BOperating profit to Tax: $359.4M U.S. reportable segment: $6.3B · 83% U.S. reportable segment$6.3B83% Other operating segment: $1.3B · 17% Other operating segment$1.3B17% Revenue: $7.5B Revenue$7.5B +3% Y/Y Gross profit: $3.4B · 45% margin Gross profit$3.4B45% margin +1% Y/Y Cost of revenue: $4.1B · 55% of revenue Cost of revenue$4.1B55% of revenue Operating profit: $1.5B · 20% margin Operating profit$1.5B20% margin −1% Y/Y Operating expenses: $1.9B · 25% of revenue Operating expenses$1.9B25% of revenue Net profit: $1.2B · 15% margin Net profit$1.2B15% margin +0% Y/Y Tax: $359.4M · 5% of revenue Tax$359.4M5% of revenue

Swipe sideways for the whole flow →

From $8.2B of sales to $1.3B of profit

FY2025, from the 10-K income statement and revenue by segment
U.S. reportable segment to Revenue: $6.8BOther operating segment to Revenue: $1.4BRevenue 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 U.S. reportable segment: $6.8B · 83% U.S. reportable segment$6.8B83% Other operating segment: $1.4B · 17% Other operating segment$1.4B17% Revenue: $8.2B Revenue$8.2B +9% Y/Y Gross profit: $3.7B · 45% margin Gross profit$3.7B45% margin +9% Y/Y Cost of revenue: $4.5B · 55% of revenue Cost of revenue$4.5B55% of revenue Operating profit: $1.7B · 20% margin Operating profit$1.7B20% margin +10% Y/Y Operating expenses: $2.0B · 25% of revenue Operating expenses$2.0B25% of revenue Net profit: $1.3B · 15% margin Net profit$1.3B15% margin +9% Y/Y Tax: $397.3M · 5% of revenue Tax$397.3M5% of revenue

Swipe sideways for the whole flow →

Where each $100 of sales went

FY2021
FY2022
FY2023
FY2024
FY2025
  • Cost of revenue
  • Sales, admin & other
  • Tax & other
  • Net profit

Band widths are the money. Gross profit is revenue less cost of revenue; operating expenses are gross profit less operating profit; R&D is from the income statement and the rest of the operating expenses is everything else; tax includes interest and other items when they are small. Y/Y is the change from the fiscal year before. Revenue by part only for the years in the last two 10-Ks' segment tables. The full income statement →

Profitability

3 of 4
  • ✓
    Net margin above the peer median15.6% vs 13.0%
  • !
    Gross margin down over 5 years45.5% → 45.0%
  • ✓
    Return on equity above 15%34.2%
  • ✓
    A profit in every one of 10 years
Net margin, FY2016 to FY2025: 12.6% → 15.3%

Balance sheet

4 of 4
  • ✓
    Interest covered more than 5 timesOperating income is over 100× interest expense
  • ✓
    Debt smaller than equityDebt / equity 0.02 on the latest balance sheet (peer median 0.72)
  • ✓
    Current assets cover current liabilitiesCurrent ratio 3.93
  • ✓
    More cash than debtNet cash $111.9M
Debt / equity at each year end, FY2016 to FY2025: 0.20 → 0.03
What the debt is made of ↓

Cash and shareholders

4 of 4
  • ✓
    Free cash flow positive in every one of 10 years$1.1B last year
  • ✓
    Share count down over 5 years−0.1%
  • ✓
    Dividend per share up over 5 years$0.70 → $0.88
  • ✓
    Cash from operations above net income$1.3B vs $1.3B
Free cash flow, FY2016 to FY2025: 330.4M → 1.1B

Each tick is a fact with a fixed rule (on /methodology), not a score or advice. A check without the numbers it needs is left out.

What the debt is made of, and when it is due

balance sheet of Sep 30, 2026
Debt: $100.0M Debt$100.0M Long-term debt: $50.0M · 50% Long-term debt$50.0M · 50% Due within a year: $50.0M · 50% Due within a year$50.0M · 50%

The debt note's own lines, 2025-12-31

Line, as the company names itKindRateFixed or floatingAmount
Senior Unsecured Promissory NotesTotal of the lines–not stated$125.0M
Senior unsecured promissory notes payable, Series H (Senior Notes)Secured2.50%not stated$50.0M
Senior unsecured promissory notes payable, Series E (Senior Notes)Secured2.72%not stated$50.0M
Senior unsecured promissory notes payable, Series G (Senior Notes)Secured2.13%not stated$25.0M

From the debt note in the 10-K's XBRL (0000815556-26-000009), as the company tags it: by issue, by year, by currency or by kind. Lines from two ways of cutting the same debt can overlap, so they are not added up. Fixed or floating is read from the line's own name only; "not stated" when it says neither.

Left: the debt lines on the balance sheet (XBRL). Right: the principal due each year, from the debt note's maturity schedule; it can differ a little from the balance sheet, which shows the debt net of discounts and fees. Leases are not counted. The full schedule →

Revenue and net income, FY2016 to FY2025

Revenue 8.2B Net income 1.3B
FY2016 revenue 4.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-19-000015 FY2016 net income 499.4M · NetIncomeLoss, 0000815556-19-000015 4.0B FY2016 FY2017 revenue 4.4B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-20-000011 FY2017 net income 578.6M · NetIncomeLoss, 0000815556-20-000011 4.4B FY2017 FY2018 revenue 5.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-21-000008 FY2018 net income 751.9M · NetIncomeLoss, 0000815556-21-000008 5.0B FY2018 FY2019 revenue 5.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-22-000009 FY2019 net income 790.9M · NetIncomeLoss, 0000815556-22-000009 5.3B FY2019 FY2020 revenue 5.6B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-23-000009 FY2020 net income 859.1M · NetIncomeLoss, 0000815556-23-000009 5.6B FY2020 FY2021 revenue 6.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-24-000009 FY2021 net income 925.0M · NetIncomeLoss, 0000815556-24-000009 6.0B FY2021 FY2022 revenue 7.0B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-25-000065 FY2022 net income 1.1B · NetIncomeLoss, 0000815556-25-000065 7.0B FY2022 FY2023 revenue 7.3B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-26-000009 FY2023 net income 1.2B · NetIncomeLoss, 0000815556-26-000009 7.3B FY2023 FY2024 revenue 7.5B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-26-000009 FY2024 net income 1.2B · NetIncomeLoss, 0000815556-26-000009 7.5B FY2024 FY2025 revenue 8.2B · RevenueFromContractWithCustomerExcludingAssessedTax, 0000815556-26-000009 FY2025 net income 1.3B · NetIncomeLoss, 0000815556-26-000009 8.2B FY2025

From XBRL in each 10-K. Hover a bar for the line item and filing. Full financials →

FAST's income statement, balance sheet and cash flow as reported to the SEC in XBRL, one column per fiscal year. Hover a number to see the line item and filing it comes from. Where a company changed how it tags a line, the first tag it reported for that period is used. A number looks wrong? Tell us.

Annual Quarterly
Revenue8.2B
FY2016: 4.0BFY2017: 4.4BFY2018: 5.0BFY2019: 5.3BFY2020: 5.6BFY2021: 6.0BFY2022: 7.0BFY2023: 7.3BFY2024: 7.5BFY2025: 8.2B FY2017FY2019FY2021FY2023FY2025
Net income1.3B
FY2016: 499.4MFY2017: 578.6MFY2018: 751.9MFY2019: 790.9MFY2020: 859.1MFY2021: 925.0MFY2022: 1.1BFY2023: 1.2BFY2024: 1.2BFY2025: 1.3B FY2017FY2019FY2021FY2023FY2025
Free cash flow1.1B
FY2016: 330.4MFY2017: 465.3MFY2018: 497.9MFY2019: 596.3MFY2020: 933.7MFY2021: 613.5MFY2022: 767.2MFY2023: 1.3BFY2024: 946.8MFY2025: 1.1B FY2017FY2019FY2021FY2023FY2025
EPS (diluted)1.09
FY2016: 0.43FY2017: 0.50FY2018: 0.66FY2019: 0.69FY2020: 0.74FY2021: 0.80FY2022: 0.94FY2023: 1.01FY2024: 1.00FY2025: 1.09 FY2017FY2019FY2021FY2023FY2025
Dividend per share0.88
FY2016: 0.30FY2017: 0.32FY2018: 0.39FY2019: 0.43FY2020: 0.70FY2021: 0.56FY2022: 0.62FY2023: 0.89FY2024: 0.78FY2025: 0.88 FY2017FY2019FY2021FY2023FY2025
Diluted shares1.2B
FY2016: 1.2BFY2017: 1.2BFY2018: 1.1BFY2019: 1.1BFY2020: 1.2BFY2021: 1.2BFY2022: 1.2BFY2023: 1.1BFY2024: 1.1BFY2025: 1.2B FY2017FY2019FY2021FY2023FY2025

Revenue by business segment

year to Dec 31, 2025
RevenueSharevs year before
U.S. reportable segment 6.8B83.2% +8.7%
Other operating segment 1.4B16.8% +8.5%

10-K 0000815556-26-000009, segment and revenue notes (XBRL).

Revenue by region

year to Dec 31, 2025
RevenueSharevs year before
United States 6.8B83.2% +8.7%
Canada and Mexico 1.1B13.5% +7.2%
All other foreign countries 271.4M3.3% +14.4%

10-K 0000815556-26-000009, segment and revenue notes (XBRL).

Income statement

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue4.0B4.4B5.0B5.3B5.6B6.0B7.0B7.3B7.5B8.2B
Cost of revenue2.0B2.2B2.6B2.8B3.1B3.2B3.8B4.0B4.1B4.5B
Gross profit2.0B2.2B2.4B2.5B2.6B2.8B3.2B3.4B3.4B3.7B
SG&A1.2B1.3B1.4B1.5B1.4B1.6B1.8B1.8B1.9B2.0B
Operating income795.8M881.8M999.2M1.1B1.1B1.2B1.5B1.5B1.5B1.7B
Interest expense6.5M9.1M12.6M13.9M9.7M9.7M14.3M10.8M7.3M6.2M
Pretax income789.7M873.1M987.0M1.0B1.1B1.2B1.4B1.5B1.5B1.7B
Income tax290.3M294.5M235.1M252.8M273.6M282.8M353.1M367.0M357.5M396.6M
Net income499.4M578.6M751.9M790.9M859.1M925.0M1.1B1.2B1.2B1.3B
EPS (diluted)0.430.500.660.690.740.800.941.011.001.09
Diluted shares1.2B1.2B1.1B1.1B1.2B1.2B1.2B1.1B1.1B1.2B
Depreciation & amortization103.5M123.6M134.1M144.6M153.3M159.9M176.6M177.3M175.4M179.2M
EBITDA899.3M1.0B1.1B1.2B1.3B1.4B1.6B1.7B1.7B1.8B
Gross margin49.6%49.3%48.3%47.2%45.5%46.2%46.1%45.7%45.1%45.0%
Operating margin20.1%20.1%20.1%19.8%20.2%20.3%20.8%20.8%20.0%20.2%
Net margin12.6%13.2%15.1%14.8%15.2%15.4%15.6%15.7%15.2%15.3%
Revenue growth-+10.8%+13.1%+7.4%+5.9%+6.4%+16.1%+5.2%+2.7%+8.7%
EPS growth-+15.6%+31.0%+5.3%+8.0%+7.4%+18.1%+6.9%-1.0%+9.0%

Balance sheet

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash112.7M116.9M167.2M174.9M245.7M236.2M230.1M221.3M255.8M276.8M
Receivables499.7M607.8M714.3M741.8M769.4M900.2M1.0B1.1B1.1B1.2B
Inventory993.0M1.1B1.3B1.4B1.3B1.5B1.7B1.5B1.6B1.7B
Current assets1.7B1.9B2.3B2.5B2.5B2.9B3.1B3.0B3.2B3.5B
Property & equipment899.7M893.6M924.8M1.0B1.0B1.0B1.0B1.0B1.1B1.1B
Total assets2.7B2.9B3.3B3.8B4.0B4.3B4.5B4.5B4.7B5.1B
Accounts payable108.8M147.5M193.6M192.8M207.0M233.1M255.0M264.1M287.7M316.8M
Current liabilities275.7M351.0M437.4M544.7M612.7M682.2M789.8M661.3M687.1M715.6M
Total debt390.0M415.0M500.0M345.0M405.0M390.0M555.0M260.0M200.0M125.0M
Shareholders' equity1.9B2.1B2.3B2.7B2.7B3.0B3.2B3.3B3.6B3.9B
Retained earnings1.9B2.1B2.3B2.6B2.7B3.0B3.2B3.4B3.6B3.9B

Cash flow

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow519.9M585.2M674.2M842.7M1.1B770.1M941.0M1.4B1.2B1.3B
Capital spending189.5M119.9M176.3M246.4M168.1M156.6M173.8M172.8M226.5M245.3M
Free cash flow330.4M465.3M497.9M596.3M933.7M613.5M767.2M1.3B946.8M1.1B
Stock-based pay (added back)4.1M5.2M5.1M5.7M5.7M5.6M7.2M7.3M8.0M8.4M
Dividends paid346.6M369.1M441.9M498.6M803.4M643.7M711.3M1.0B893.3M1.0B
Buybacks59.5M82.6M103.0M052.0M0237.8M00-
Acquisitions058.7M3.7M0125.0M00---
Debt raised950.0M1.0B980.0M910.0M1.0B525.0M1.8B880.0M775.0M1.1B
Debt repaid920.0M980.0M895.0M1.1B940.0M540.0M1.6B1.2B835.0M1.2B
Investing cash flow-188.1M-179.3M-173.9M-239.7M-281.7M-148.5M-163.0M-161.2M-214.5M-231.0M
Financing cash flow-346.8M-407.2M-446.5M-595.1M-754.4M-627.1M-774.9M-1.3B-913.7M-1.1B
Dividend per share0.300.320.390.430.700.560.620.890.780.88

Stock-based pay and leases

From EDGAR
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Stock-based pay (expense)4.1M5.2M5.1M5.7M5.7M5.6M7.2M7.3M8.0M8.4M
Stock-based pay / revenue0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%0.1%
Operating lease cost---118.1M117.6M113.4M111.5M117.6M123.1M128.1M
Operating lease cash paid---117.2M115.8M112.4M110.9M115.7M119.0M125.3M
Right-of-use assets--0243.2M243.0M242.3M243.0M270.2M279.2M309.0M
Operating lease liabilities--0245.6M245.1M246.8M247.1M275.0M285.4M316.9M

From SEC's XBRL company facts (data.sec.gov). EBITDA = operating income + depreciation and amortization; free cash flow = operating cash flow - capital spending; total debt = long-term debt (with its current part) + short-term borrowings. Stock-based pay and leases are shown as the company reports them; Tickdelta does not take them out of earnings or add leases to debt. Click a number to open the filing in SEC's Inline XBRL viewer, where you can click the same number to see how it is tagged. Values a company later revised show as revised; the Revised numbers tab lists the changes.

Work on FAST in a spreadsheet: Excel workbook (a sheet per section, ten years by column, charts, links to the filings) · CSV. For a Google Sheet that stays up to date, paste =IMPORTDATA("https://tickdelta.com/company/FAST/export.csv") into a cell.