FirmAtlas
Company handbook · FAST · Prepared by FirmAtlas · firmatlas.app · printed 2026-10-16
FAST · CIK 815556 · LATEST FILING: 10-Q JUN '26 · FILED JUL 16, 2026
FASTENAL CO
$51.02
+0.64 (+1.27%)
Close, Oct 16, 2026 · 52-week $39–53
Fastenal sells fasteners, safety products, tools, cleaning supplies and other industrial and construction supplies. It delivers them from its branches and from sites and vending machines inside customers' plants.
Business
- SegmentsReportable Segment Aggregation Before Other Operating 83% · All Other Segments 17% (FY25)
- RegionsUS 83% · Canada and Mexico 14% · Non North America 3% (FY25)
- CustomersManufacturers, construction firms and governments, mostly in North America; sold by its own staff in branches and on-site, and online
- Cash useFY24–FY25: dividends $1.9B · capex $472M
Reinvested 19% of operating cash flow · returned 95% of free cash flow
Last fiscal year
FASTENAL CO reported revenue of $8.2B for the year ended Dec 31, 2025 (FY25), up 8.7% from FY24. Net income was $1.3B, operating cash flow $1.3B and free cash flow $1.1B. Source: 10-K filed Feb 5, 2026.
Market cap
$58.6B
P/E
43.3
EV/EBITDA
31.9x
P/B
14.4
Div yield
1.88%
ROIC
33.8%
Revenue 1Y
8.7%/yr
EPS 1Y
9.0%/yr
Shares 1Y
+0.1%
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Median
Daily closes, split-adjusted · ratios at each fiscal year end
Company
CEOJeffery M. Watts
HQWinona, MN
AuditorPricewaterhouseCoopers LLP
Year endsDecember
Revenue by segment · FY25
Reportable Segment Aggregation Before Other Operating83%
All Other Segments17%
Compounded growth & averages
10Y
5Y
3Y
TTM
Share price
18.2%
12.9%
19.4%
21.6%
Upgrade to see 10 years
Share price: yearly compound rate of the traded close; the last column is the past year.
Where the cash went · FY24–FY25
$2.4B deployed
Capex
$472M
19.9%
Dividends
$1.9B
80.1%
Operating cash flow over the period: $2.5B. Total debt changed by −$125M.
More cash than debt at the end of FY25.
Growth engines
How much of the profit growth came from new investment, and how much from running the business better.
Upgrade to see 10 years
Financials
Last 2 years · Upgrade to see 10 years · USD millions · each year opens its 10-K · change vs previous year
Last 4 quarters · USD millions · quarter-end month shown · change vs same quarter a year earlier
Per-share figures are split-adjusted (2-for-1 split after FY21).
TTM = the last four quarters, to Jun '26. Balance-sheet rows show that latest quarter. “—” where the quarters do not add up to the annual figures. No TTM for cash: our quarterly rows do not hold short-term investments yet, and annual cash includes them.
Income
Revenue
7,546
8,200+8.7%
8,749
YoY
+8.7%
Gross profit
3,402
3,691+8.5%
3,911
Gross margin
45.1%
45.0%−0.1 pp
—
Operating income
1,510
1,656+9.6%
1,775
Operating margin
20.0%
20.2%+0.2 pp
—
EBITDA
1,685
1,835+8.9%
—
EBITDA margin
22.3%
22.4%+0.0 pp
—
Interest expense
7
6−15.1%
—
Interest coverage
230.88x
295.95x+65.07x
—
Net income
1,151
1,258+9.4%
1,352
YoY
+9.4%
Net margin
15.2%
15.3%+0.1 pp
—
EPS (diluted, $)
1.00
1.09+9.0%
1.18
YoY
+9.0%
Balance sheet
Total assets
4,698
5,053+7.6%
5,294
Cash & short-term investments
256
277+8.2%
—
Accounts receivable
1,109
1,245+12.3%
—
Inventory
1,645
1,748+6.3%
—
Net PP&E
1,057
1,132+7.1%
—
Other assets
632
651+3.0%
—
Total liabilities
1,082
1,109+2.6%
1,225
Accounts payable
288
317+10.1%
—
Total debt
275
150−45.5%
190
Other liabilities
519
642+23.8%
—
Shareholders’ equity
3,616
3,944+9.1%
4,069
Total liabilities = total assets − shareholders’ equity, so it includes minority interest where a company has one.
Cash flow statement · as filed
Cash from operations
1,173
1,296+10.4%
1,399
Net income
1,151
1,258+9.4%
—
Depreciation & amortization
175
179+2.2%
—
Stock-based compensation
8
8+5.0%
—
Working capital & other
(161)
(150)n/m
—
Cash from investing
(214)
(231)n/m
—
Capex
(226)
(245)n/m
—
PP&E sold
12
15+19.4%
—
Other investing
(0.4)
(0.5)n/m
—
Cash from financing
(914)
(1,055)n/m
—
Debt raised
775
1,105+42.6%
—
Debt repaid
(835)
(1,180)n/m
—
Dividends
(893)
(1,004)n/m
—
Buybacks
0
—
—
Shares issued
40
24−38.6%
—
Other financing
(0.0)
0n/m
—
Net change in cash
34
21−39.1%
—
Free cash flow (OCF − capex)
947
1,051+11.0%
1,156
Where the cash went
Operating cash flow
1,173
1,296+10.4%
1,399
Reinvested in the business
226
245+8.3%
—
% of operating cash flow
19.3%
18.9%
Capex
226
245+8.3%
243
Free cash flow
947
1,051+11.0%
1,156
YoY
+11.0%
Returned to shareholders
893
1,004+12.4%
—
% of free cash flow
94.3%
95.6%
Dividends
893
1,004+12.4%
—
Buybacks
0
—
—
Change in total debt
—
(125)
—
Cash left over
—
(79)
—
FCF conversion (FCF ÷ net income)
82.3%
83.5%+1.2 pp
—
Owner earnings
—
982
—
Owner earnings margin
—
12.0%
—
Returns & ratios
ROIC (all capital)
31.7%
33.8%+2.1 pp
—
ROIC (operating)
32.7%
34.3%+1.6 pp
—
Net debt / EBITDA
0.01x
−0.07x−0.08x
—
Debt / equity
0.08x
0.04x−0.04x
—
Cash conversion cycle (days)
173
171−2 d
—
ROE
31.8%
31.9%+0.1 pp
—
ROA
24.5%
24.9%+0.4 pp
—
ROCE
37.6%
38.2%+0.5 pp
—
NOPAT
1,152
1,259+9.3%
—
Invested capital (operating)
3,522
3,808+8.1%
—
Invested capital (all)
3,636
3,817+5.0%
—
Reinvestment rate
—
22.7%
—
Debtor days
54
55+2 d
—
Inventory days
145
141−3 d
—
Days payable
25
26+0 d
—
Income
Sep '25
Dec '25
Mar '26
Jun '26
Revenue
2,133
2,028
2,202
2,387
vs year-ago quarter
Gross profit
966
899
983
1,064
Gross margin
45.3%
44.3%
44.6%
44.6%
Operating income
442
384
448
502
Net income
336
294
340
383
vs year-ago quarter
Net margin
15.7%
14.5%
15.4%
16.0%
EPS (diluted, $)
0.29
0.26
0.30
0.33
vs year-ago quarter
Balance sheet
Sep '25
Dec '25
Mar '26
Jun '26
Total assets
5,116
5,053
5,210
5,294
Cash & equivalents
288
277
309
205
Total debt
290
150
150
190
Shareholders’ equity
3,894
3,944
3,990
4,069
Cash flow
Sep '25
Dec '25
Mar '26
Jun '26
Operating cash flow
387
368
378
266
Capex
60
60
59
64
Free cash flow
327
308
320
202
vs year-ago quarter