FASTFastenal

1 paragraph in Risk Factors of the 10-K filed Feb 5, 2026 with nothing like it in the 10-K filed Feb 6, 2025. Quoted exactly. Paragraphs that were only edited are under 10-K change.

Compared with the Risk Factors in the latest 10-K of the other 81 Industrials companies: a paragraph with at least half its words the same at another company is called similar, and the companies are listed under it. A paragraph most of them have is marked boilerplate. No line means no other company has one like it. This counts text; it does not say how serious a risk is.

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 identify, develop, or implement relevant technologies in a timely and cost-effective manner, or if such technologies do not deliver the anticipated benefits, our business operations, customer experience, and financial performance could be adversely affected. Additionally, our competitors may leverage these technologies more effectively, which could result in a loss of market share. The evolving regulatory landscape surrounding AI and data usage may also introduce compliance risks and additional costs. These factors could materially and adversely impact our business, financial condition, and results of operations.

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New in the latest 10-Q

3 paragraphs in the 10-Q filed Oct 19, 2026 with nothing like them in the 10-Q filed Jul 16, 2026 (at least half the words must differ; new numbers alone do not count). Quoted exactly, grouped by the item heading above them. This is text that changed, not a judgement of how serious it is.

Financial statements and notes

Trade policy developments, including tariff actions implemented during 2026, continue to create uncertainty within global supply chains and industrial end markets. We are actively monitoring these developments and assessing their impact on sourcing costs, customer demand, pricing, and inventory management.

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Following the invalidation of the IEEPA tariffs, the United States implemented tariffs under alternative statutory authorities. As a result, uncertainty remains regarding the scope, duration, and potential economic impact of current and potential future tariff programs. We continue to utilize a variety of sourcing, inventory, and pricing strategies designed to maintain market competitiveness and support price/cost neutrality while mitigating potential supply chain disruptions.

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NINE MONTHS ENDED SEPTEMBER 30, 2026 VERSUS NINE MONTHS ENDED SEPTEMBER 30, 2025

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The 10-Q's risk factors against the 10-K

Item 1A of the 10-Q filed Oct 19, 2026 against Item 1A of the 10-K filed Feb 5, 2026. A 10-Q repeats only the risks that changed, so a 10-K paragraph that is missing from it is not counted as removed. Added is a paragraph with nothing like it in the 10-K, Reworded a sentence that is in both with several words changed, Quiet changes a sentence in both where one to four words changed and one is a hedge or a modal (cut words struck through, new words highlighted and underlined). Text on the page, not a score; each links to the filing at sec.gov.

What the 10-Q itself says about its risk factors:
There have been no material changes from the risk factors described in Part I, Item 1A, Risk Factors of our most recently filed annual report on Form 10-K.

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1 paragraph in the 10-Q's Item 1A, and none of them adds, rewords or quietly edits a paragraph of the 10-K's.