FASTFastenal

Industrials · Home Improvement Retail · Nasdaq

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

FAST and 9 peers, year by year

The 9 Industrials companies closest to FAST in revenue over the last twelve months. Every number is from the 10-K and links to it in SEC's Inline XBRL viewer.

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Choose the peers

Each company's latest fiscal year
Company	Year	Revenue	Sales growth	Gross margin	Operating margin	Net margin	FCF margin	Return on equity	Debt / equity
FAST Fastenal	FY2025	$8.2B	+8.7%	45.0%	20.2%	15.3%	12.8%	31.9%	0.03
FDXF FedEx Freight	FY2026	$8.8B	−1.1%	-	6.1%	7.4%	−2.4%	n/m	n/m
XYL Xylem Inc.	FY2025	$9.0B	+5.5%	38.5%	13.5%	10.6%	10.1%	8.3%	0.22
ROK Rockwell Automation	FY2025	$8.3B	+0.9%	48.1%	20.4%	10.4%	16.3%	23.8%	0.88
DOV Dover Corporation	FY2025	$8.1B	+4.5%	39.8%	17.0%	13.5%	13.8%	14.8%	0.54
HWM Howmet Aerospace	FY2025	$8.3B	+11.1%	-	24.8%	18.3%	17.3%	28.2%	0.57
AME Ametek	FY2025	$7.4B	+6.6%	-	25.8%	20.0%	22.6%	13.9%	0.33
TDG TransDigm Group	FY2025	$8.8B	+11.2%	60.1%	47.2%	23.5%	20.6%	n/m	n/m
IR Ingersoll Rand	FY2025	$7.7B	+5.7%	43.6%	15.0%	7.6%	15.9%	5.8%	0.47
MAS Masco	FY2025	$7.6B	−3.4%	35.4%	16.5%	10.7%	11.5%	n/m	n/m

Revenuepeer median $8.3B

Sales growthpeer median +5.5%

Gross marginpeer median 41.7%

TDG 60.1%
ROK 48.1%
FAST 45.0%
IR 43.6%
DOV 39.8%
XYL 38.5%
MAS 35.4%
FDXF -
HWM -
AME -

Operating marginpeer median 17.0%

Net marginpeer median 10.7%

FCF marginpeer median 15.9%

Return on equitypeer median 14.3%

Debt / equitypeer median 0.51

ROK 0.88
HWM 0.57
DOV 0.54
IR 0.47
AME 0.33
XYL 0.22
FAST 0.03
FDXF n/m
TDG n/m
MAS n/m

RevenueSales growthGross marginOperating marginNet marginFree cash flowFCF marginReturn on equityDebt / equityEPS (diluted)

Revenue, FY2016 to FY2025

Revenue as reported in the 10-K.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	$4.0B	$4.4B	$5.0B	$5.3B	$5.6B	$6.0B	$7.0B	$7.3B	$7.5B	$8.2B
FDXF May	-	-	-	-	-	-	-	-	$9.4B	$8.9B
XYL Dec	$3.8B	$4.7B	$5.2B	$5.2B	$4.9B	$5.2B	$5.5B	$7.4B	$8.6B	$9.0B
ROK Sep	$5.9B	$6.3B	$6.7B	$6.7B	$6.3B	$7.0B	$7.8B	$9.1B	$8.3B	$8.3B
DOV Dec	$6.8B	$7.8B	$7.0B	$7.1B	$6.7B	$7.9B	$7.8B	$7.7B	$7.7B	$8.1B
HWM Dec	$12.4B	$13.0B	$6.8B	$7.1B	$5.3B	$5.0B	$5.7B	$6.6B	$7.4B	$8.3B
AME Dec	$3.8B	$4.3B	$4.8B	$5.2B	$4.5B	$5.5B	$6.2B	$6.6B	$6.9B	$7.4B
TDG Sep	$3.2B	$3.5B	$3.8B	$5.2B	$5.1B	$4.8B	$5.4B	$6.6B	$7.9B	$8.8B
IR Dec	$1.9B	$2.4B	$2.7B	$2.0B	$4.0B	$5.2B	$5.9B	$6.9B	$7.2B	$7.7B
MAS Dec	$7.4B	$7.6B	$6.7B	$6.7B	$7.2B	$8.4B	$8.7B	$8.0B	$7.8B	$7.6B
Peer median	$4.9B	$5.5B	$5.9B	$6.0B	$5.2B	$5.4B	$6.0B	$7.1B	$7.8B	$8.3B

Sales growth, FY2016 to FY2025

Revenue against the fiscal year before.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	+2.4%	+10.8%	+13.1%	+7.4%	+5.9%	+6.4%	+16.1%	+5.2%	+2.7%	+8.7%
FDXF May	-	-	-	-	-	-	-	-	-	−5.6%
XYL Dec	+3.2%	+24.8%	+10.6%	+0.8%	−7.1%	+6.5%	+6.3%	+33.4%	+16.3%	+5.5%
ROK Sep	−6.8%	+7.3%	+5.6%	+0.4%	−5.5%	+10.5%	+10.9%	+16.7%	−8.8%	+0.9%
DOV Dec	−2.3%	+12.9%	+2.5%	+2.1%	−6.3%	+18.3%	+7.6%	−2.0%	+0.8%	+4.5%
HWM Dec	-	+4.6%	+8.1%	+4.7%	−25.9%	−5.5%	+13.9%	+17.3%	+11.9%	+11.1%
AME Dec	−3.4%	+12.0%	+12.7%	+6.5%	−12.0%	+22.2%	+10.9%	+7.3%	+5.2%	+6.6%
TDG Sep	+17.2%	+10.5%	+8.8%	+37.1%	−2.3%	−6.0%	+13.2%	+21.3%	+20.6%	+11.2%
IR Dec	−8.8%	+22.5%	+13.2%	−8.8%	+96.9%	+29.7%	+14.8%	+16.2%	+5.2%	+5.7%
MAS Dec	+3.0%	+3.8%	+10.6%	+0.8%	+7.2%	+16.5%	+3.6%	−8.2%	−1.7%	−3.4%
Peer median	−2.3%	+11.2%	+9.7%	+1.4%	−5.9%	+13.5%	+10.9%	+16.5%	+5.2%	+5.5%

Gross margin, FY2016 to FY2025

Gross profit / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	49.6%	49.3%	48.3%	47.2%	45.5%	46.2%	46.1%	45.7%	45.1%	45.0%
FDXF May	-	-	-	-	-	-	-	-	-	-
XYL Dec	38.8%	39.2%	38.9%	39.0%	37.5%	38.0%	37.7%	36.9%	37.5%	38.5%
ROK Sep	42.1%	42.3%	43.3%	43.3%	41.0%	41.4%	40.0%	48.8%	46.6%	48.1%
DOV Dec	32.8%	32.3%	36.6%	36.7%	37.0%	37.6%	37.0%	37.3%	38.2%	39.8%
HWM Dec	-	-	-	-	-	-	-	-	-	-
AME Dec	-	-	-	-	-	-	-	-	-	-
TDG Sep	54.5%	56.6%	57.1%	53.8%	51.9%	52.4%	57.1%	58.3%	58.8%	60.1%
IR Dec	37.0%	37.8%	37.6%	38.6%	35.4%	38.6%	39.3%	41.9%	43.8%	43.6%
MAS Dec	33.4%	29.0%	35.0%	35.4%	36.0%	34.2%	31.3%	35.6%	36.2%	35.4%
Peer median	37.9%	38.5%	38.3%	38.8%	37.3%	38.3%	38.5%	39.6%	41.0%	41.7%

Operating margin, FY2016 to FY2025

Operating income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	20.1%	20.1%	20.1%	19.8%	20.2%	20.3%	20.8%	20.8%	20.0%	20.2%
FDXF May	-	-	-	-	-	-	-	-	18.6%	15.8%
XYL Dec	10.8%	11.7%	12.6%	9.3%	7.5%	11.3%	11.3%	8.9%	11.8%	13.5%
ROK Sep	-	-	-	-	-	-	-	21.3%	19.3%	20.4%
DOV Dec	10.4%	10.3%	12.1%	13.7%	14.0%	16.2%	16.3%	15.9%	15.6%	17.0%
HWM Dec	7.7%	3.7%	11.4%	8.2%	11.9%	15.0%	16.2%	18.1%	22.0%	24.8%
AME Dec	20.6%	21.0%	22.2%	22.8%	22.6%	23.6%	24.4%	25.9%	25.6%	25.8%
TDG Sep	40.0%	42.3%	43.4%	36.9%	34.3%	35.2%	40.8%	44.4%	44.5%	47.2%
IR Dec	5.3%	4.6%	16.5%	9.6%	1.5%	11.0%	13.8%	16.9%	18.0%	15.0%
MAS Dec	14.8%	13.5%	16.2%	16.2%	18.0%	16.8%	14.9%	16.9%	17.4%	16.5%
Peer median	10.8%	11.7%	16.2%	13.7%	14.0%	16.2%	16.2%	17.5%	18.6%	17.0%

Net margin, FY2016 to FY2025

Net income / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	12.6%	13.2%	15.1%	14.8%	15.2%	15.4%	15.6%	15.7%	15.2%	15.3%
FDXF May	-	-	-	-	-	-	-	-	16.7%	15.1%
XYL Dec	6.9%	7.0%	10.5%	7.6%	5.2%	8.2%	6.4%	8.3%	10.4%	10.6%
ROK Sep	12.4%	13.1%	8.0%	10.4%	16.2%	19.4%	12.0%	15.3%	11.5%	10.4%
DOV Dec	7.5%	10.4%	8.2%	9.5%	10.2%	14.2%	13.6%	13.8%	34.8%	13.5%
HWM Dec	−7.6%	−0.6%	9.5%	6.6%	5.0%	5.2%	8.3%	11.5%	15.5%	18.3%
AME Dec	13.3%	15.8%	16.1%	16.7%	19.2%	17.9%	18.9%	19.9%	19.8%	20.0%
TDG Sep	18.5%	17.0%	25.1%	17.0%	13.7%	14.2%	16.0%	19.7%	21.6%	23.5%
IR Dec	−1.9%	0.8%	10.0%	7.9%	−0.8%	10.9%	10.2%	11.3%	11.6%	7.6%
MAS Dec	6.7%	7.0%	11.0%	13.9%	17.0%	4.9%	9.7%	11.4%	10.5%	10.7%
Peer median	7.2%	8.7%	10.3%	9.9%	12.0%	12.5%	11.1%	12.6%	15.5%	13.5%

Free cash flow, FY2016 to FY2025

Cash from operations minus capital spending.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	$330.4M	$465.3M	$497.9M	$596.3M	$933.7M	$613.5M	$767.2M	$1.3B	$946.8M	$1.1B
FDXF May	-	-	-	-	-	-	-	-	$1.1B	$1.1B
XYL Dec	$373.0M	$516.0M	$349.0M	$613.0M	$641.0M	$330.0M	$388.0M	$566.0M	$942.0M	$910.0M
ROK Sep	$830.4M	$892.3M	$1.2B	$1.0B	$1.0B	$1.1B	$682.0M	$1.2B	$639.0M	$1.4B
DOV Dec	$595.0M	$569.3M	$618.2M	$758.5M	$939.1M	$944.4M	$594.6M	$1.2B	$920.3M	$1.1B
HWM Dec	−$1.0B	−$635.0M	−$551.0M	−$180.0M	−$258.0M	$250.0M	$540.0M	$682.0M	$977.0M	$1.4B
AME Dec	$693.6M	$758.2M	$843.4M	$1.0B	$1.2B	$1.0B	$1.0B	$1.6B	$1.7B	$1.7B
TDG Sep	$639.3M	$717.7M	$949.0M	$913.0M	$1.1B	$808.0M	$829.0M	$1.2B	$1.9B	$1.8B
IR Dec	$91.2M	$143.7M	$392.3M	$305.4M	$872.3M	$563.7M	$770.8M	$1.3B	$1.2B	$1.2B
MAS Dec	$609.0M	$578.0M	$813.0M	$671.0M	$839.0M	$802.0M	$616.0M	$1.2B	$907.0M	$866.0M
Peer median	$602.0M	$573.7M	$715.6M	$714.8M	$905.7M	$805.0M	$649.0M	$1.2B	$977.0M	$1.2B

FCF margin, FY2016 to FY2025

Free cash flow / revenue.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	8.3%	10.6%	10.0%	11.2%	16.5%	10.2%	11.0%	17.1%	12.5%	12.8%
FDXF May	-	-	-	-	-	-	-	-	11.5%	12.3%
XYL Dec	9.9%	11.0%	6.7%	11.7%	13.1%	6.4%	7.0%	7.7%	11.0%	10.1%
ROK Sep	14.1%	14.1%	17.6%	15.7%	15.9%	16.3%	8.8%	13.4%	7.7%	16.3%
DOV Dec	8.8%	7.3%	8.8%	10.6%	14.1%	11.9%	7.6%	15.0%	11.9%	13.8%
HWM Dec	−8.3%	−4.9%	−8.1%	−2.5%	−4.9%	5.0%	9.5%	10.3%	13.1%	17.3%
AME Dec	18.1%	17.6%	17.4%	19.6%	26.6%	18.9%	16.4%	24.2%	24.5%	22.6%
TDG Sep	20.2%	20.5%	24.9%	17.5%	21.7%	16.8%	15.3%	18.8%	23.7%	20.6%
IR Dec	4.7%	6.0%	14.6%	15.1%	22.0%	10.9%	13.0%	18.5%	17.2%	15.9%
MAS Dec	8.3%	7.6%	12.2%	10.0%	11.7%	9.6%	7.1%	14.7%	11.6%	11.5%
Peer median	9.3%	9.3%	13.4%	13.4%	15.0%	11.4%	9.2%	14.8%	11.9%	15.9%

Return on equity, FY2016 to FY2025

Net income / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	25.8%	27.6%	32.7%	29.7%	31.4%	30.4%	34.4%	34.5%	31.8%	31.9%
FDXF May	-	-	-	-	-	-	-	-	74.1%	56.2%
XYL Dec	11.9%	13.2%	19.8%	13.6%	8.6%	13.3%	10.2%	6.0%	8.4%	8.3%
ROK Sep	36.7%	31.0%	33.1%	172.1%	99.6%	56.8%	34.2%	38.9%	27.2%	23.8%
DOV Dec	13.4%	18.5%	20.6%	22.4%	20.2%	26.8%	24.9%	20.7%	38.8%	14.8%
HWM Dec	−18.4%	−1.5%	11.5%	10.2%	7.3%	7.4%	13.0%	18.9%	25.4%	28.2%
AME Dec	15.7%	16.9%	18.3%	16.8%	14.7%	14.4%	15.5%	15.0%	14.3%	13.9%
TDG Sep	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
IR Dec	−13.8%	1.2%	16.1%	8.5%	−0.4%	6.2%	6.6%	8.0%	8.2%	5.8%
MAS Dec	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
Peer median	12.6%	15.1%	19.1%	15.2%	11.6%	13.8%	14.3%	17.0%	25.4%	14.8%

Debt / equity, FY2016 to FY2025

Total debt / shareholders' equity at the year end.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	0.20	0.20	0.22	0.13	0.15	0.13	0.18	0.08	0.06	0.03
FDXF May	-	-	-	-	-	-	-	-	-	0.03
XYL Dec	1.24	0.88	0.74	0.69	1.04	0.76	0.54	0.22	0.19	0.22
ROK Sep	0.99	0.69	1.10	5.58	1.95	1.67	1.41	0.83	1.04	0.88
DOV Dec	0.95	0.81	1.14	1.01	0.92	0.75	0.86	0.68	0.48	0.54
HWM Dec	1.58	1.39	1.21	1.52	1.52	1.21	1.16	0.92	0.73	0.57
AME Dec	0.80	0.62	0.71	0.64	0.43	0.42	0.35	0.54	0.28	0.33
TDG Sep	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m	n/m
IR Dec	10.45	1.38	1.00	0.86	0.43	0.31	0.30	0.28	0.47	0.47
MAS Dec	n/m	n/m	n/m	n/m	14.33	n/m	n/m	n/m	n/m	n/m
Peer median	1.11	0.85	1.05	0.94	1.04	0.75	0.70	0.61	0.47	0.47

EPS (diluted), FY2016 to FY2025

Diluted earnings per share, on today's share count after splits.

Company	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
FAST Dec	$0.43	$0.50	$0.66	$0.69	$0.74	$0.80	$0.94	$1.01	$1.00	$1.09
FDXF May	-	-	-	-	-	-	-	-	$10.53	$9.00
XYL Dec	$1.45	$1.83	$3.03	$2.21	$1.40	$2.35	$1.96	$2.79	$3.65	$3.92
ROK Sep	$5.56	$6.35	$4.21	$5.83	$8.77	$11.58	$7.97	$11.95	$8.28	$7.67
DOV Dec	$3.25	$5.15	$3.75	$4.61	$4.70	$7.74	$7.42	$7.52	$19.45	$7.94
HWM Dec	−$2.31	−$0.28	$1.30	$1.03	-	$0.59	$1.11	$1.83	$2.81	$3.71
AME Dec	$2.19	$2.94	$3.34	$3.75	$3.77	$4.25	$5.01	$5.67	$5.93	$6.40
TDG Sep	$10.39	$7.88	$16.20	$13.84	$8.96	$10.41	$13.40	$22.03	$25.62	$32.08
IR Dec	−$0.25	$0.10	$1.29	$0.76	−$0.09	$1.34	$1.47	$1.90	$2.06	$1.45
MAS Dec	$1.48	$1.66	$2.37	$3.22	$4.59	$1.62	$3.63	$4.02	$3.76	$3.86
Peer median	$1.83	$2.38	$3.18	$3.49	$4.59	$3.30	$4.32	$4.84	$5.93	$6.40

Fiscal years are lined up as each company's 10-K names them; the month next to a ticker is when its year ends. Hover a number for the XBRL line items and the filing; click it to open the filing on sec.gov. "n/m" means not meaningful: equity below zero, or a base so close to zero that the ratio says nothing. The peer median leaves out FAST and needs at least three peers with the number. P/E, P/S and P/FCF at each year end appear here once the site has daily prices. What the same companies write about AI, tariffs and more →

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.