NASDAQ : FAST
Fastenal Company — Financial statements
Industrials · Industrial Distribution · United States
Last price 52.55 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 60.29B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Fastenal Company (FAST) reported revenue of 9.08B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 9.08B | 8.20B | 7.55B | 7.35B | 6.98B | 6.01B |
| Cost of Revenue | 5.03B | 4.51B | 4.14B | 3.99B | 3.76B | 3.23B |
| Gross Profit | 4.05B | 3.69B | 3.40B | 3.35B | 3.22B | 2.78B |
| Selling, General & Admin | 2.19B | 2.04B | 1.89B | 1.83B | 1.76B | 1.56B |
| Operating Expenses | 2.19B | 2.04B | 1.89B | 1.83B | 1.76B | 1.56B |
| Operating Income | 1.86B | 1.66B | 1.51B | 1.53B | 1.45B | 1.22B |
| Interest Expense | -3.80M | -6.20M | -7.30M | -10.80M | -14.30M | -9.70M |
| Interest & Investment Income | 5.50M | 5.50M | 5.40M | 4.10M | 700.00K | 100.00K |
| EBT Excluding Unusual Items | 1.87B | 1.66B | 1.51B | 1.52B | 1.44B | 1.21B |
| Pretax Income | 1.87B | 1.66B | 1.51B | 1.52B | 1.44B | 1.21B |
| Income Tax Expense | 448.00M | 396.60M | 357.50M | 367.00M | 353.10M | 282.80M |
| Net Income | 1.42B | 1.26B | 1.15B | 1.16B | 1.09B | 925.00M |
| Net Income to Common | 1.42B | 1.26B | 1.15B | 1.16B | 1.09B | 925.00M |
| Shares Outstanding (Basic) | 1.15B | 1.15B | 1.15B | 1.14B | 1.15B | 1.15B |
| Shares Outstanding (Diluted) | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B |
| EPS (Basic) | 1.24 | 1.10 | 1.00 | 1.01 | 0.95 | 0.80 |
| EPS (Diluted) | 1.23 | 1.09 | 1.00 | 1.01 | 0.94 | 0.80 |
| Free Cash Flow | 1.18B | 1.05B | 946.80M | 1.26B | 767.20M | 613.50M |
| Free Cash Flow Per Share | 1.02 | 0.91 | 0.82 | 1.10 | 0.67 | 0.53 |
| Dividend Per Share | 0.96 | 0.88 | 0.78 | 0.70 | 0.62 | 0.56 |
| Gross Margin | 44.61% | 45.01% | 45.08% | 45.66% | 46.07% | 46.20% |
| Operating Margin | 20.54% | 20.19% | 20.01% | 20.81% | 20.82% | 20.25% |
| Profit Margin | 15.62% | 15.35% | 15.25% | 15.72% | 15.57% | 15.39% |
| Free Cash Flow Margin | 12.96% | 12.81% | 12.55% | 17.15% | 10.99% | 10.21% |
| EBITDA | 2.04B | 1.83B | 1.69B | 1.71B | 1.63B | 1.39B |
| EBITDA Margin | 22.51% | 22.38% | 22.34% | 23.22% | 23.35% | 23.09% |
| D&A For EBITDA | 179.60M | 179.20M | 175.40M | 177.30M | 176.60M | 170.70M |
| EBIT | 1.86B | 1.66B | 1.51B | 1.53B | 1.45B | 1.22B |
| EBIT Margin | 20.54% | 20.19% | 20.01% | 20.81% | 20.82% | 20.25% |
| Effective Tax Rate | 24.01% | 23.96% | 23.71% | 24.11% | 24.52% | 23.41% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 211.90M | 276.80M | 255.80M | 221.30M | 230.10M | 236.20M |
| Cash & Short-Term Investments | 211.90M | 276.80M | 255.80M | 221.30M | 230.10M | 236.20M |
| Receivables | 1.62B | 1.25B | 1.11B | 1.09B | 1.01B | 900.20M |
| Inventory | 1.78B | 1.75B | 1.65B | 1.52B | 1.71B | 1.52B |
| Other Current Assets | 225.10M | 202.00M | 202.50M | 189.30M | 173.50M | 196.60M |
| Total Current Assets | 3.83B | 3.47B | 3.21B | 3.02B | 3.12B | 2.86B |
| Property, Plant & Equipment | 1.53B | 1.44B | 1.34B | 1.28B | 1.25B | 1.26B |
| Other Long-Term Assets | 134.00M | 140.20M | 150.30M | 160.70M | 170.80M | 180.90M |
| Total Assets | 5.49B | 5.05B | 4.70B | 4.46B | 4.55B | 4.30B |
| Accounts Payable | 445.80M | 316.80M | 287.70M | 264.10M | 255.00M | 233.10M |
| Accrued Expenses | 335.50M | 260.10M | 217.10M | 237.10M | 241.10M | 298.30M |
| Current Portion of Long-Term Debt | 50.00M | 25.00M | 75.00M | 60.00M | 201.80M | 60.00M |
| Current Portion of Leases | 113.50M | 106.10M | 98.80M | 96.20M | 91.90M | 90.80M |
| Current Income Taxes Payable | 29.40M | 3.00M | ||||
| Other Current Liabilities | 4.60M | 8.50M | 3.90M | |||
| Total Current Liabilities | 974.20M | 715.60M | 687.10M | 661.30M | 789.80M | 682.20M |
| Long-Term Debt | 50.00M | 100.00M | 125.00M | 200.00M | 353.20M | 330.00M |
| Long-Term Leases | 238.20M | 210.80M | 186.60M | 178.80M | 155.20M | 156.00M |
| Long-Term Deferred Tax Liabilities | 65.90M | 67.40M | 68.90M | 73.00M | 83.70M | 88.60M |
| Other Long-Term Liabilities | 16.90M | 15.50M | 14.10M | 1.00M | 3.50M | |
| Total Liabilities | 1.35B | 1.11B | 1.08B | 1.11B | 1.39B | 1.26B |
| Common Stock | 11.50M | 11.50M | 11.50M | 5.70M | 5.70M | 5.80M |
| Additional Paid-In Capital | 60.00M | 115.50M | 82.80M | 41.00M | 3.60M | 96.20M |
| Retained Earnings | 4.14B | 3.87B | 3.61B | 3.36B | 3.22B | 2.97B |
| Comprehensive Income & Other | -65.10M | -51.10M | -91.50M | -54.80M | -64.80M | -30.70M |
| Shareholders' Equity | 4.15B | 3.94B | 3.62B | 3.35B | 3.16B | 3.04B |
| Total Liabilities & Equity | 5.49B | 5.05B | 4.70B | 4.46B | 4.55B | 4.30B |
| Total Debt | 451.70M | 441.90M | 485.40M | 535.00M | 802.10M | 636.80M |
| Net Cash (Debt) | -239.80M | -165.10M | -229.60M | -313.70M | -572.00M | -400.60M |
| Net Cash Per Share | -0.21 | -0.14 | -0.20 | -0.27 | -0.50 | -0.35 |
| Filing Date Shares Outstanding | 1.15B | 1.15B | 1.15B | 1.14B | 1.14B | 1.15B |
| Total Common Shares Outstanding | 1.15B | 1.15B | 1.15B | 1.14B | 1.14B | 1.15B |
| Working Capital | 2.85B | 2.76B | 2.52B | 2.36B | 2.33B | 2.17B |
| Book Value Per Share | 3.62 | 3.44 | 3.15 | 2.93 | 2.77 | 2.64 |
| Tangible Book Value | 4.15B | 3.94B | 3.62B | 3.35B | 3.16B | 3.04B |
| Tangible Book Value Per Share | 3.62 | 3.44 | 3.15 | 2.93 | 2.77 | 2.64 |
| Land | 71.20M | 72.60M | 67.20M | 67.50M | 58.30M | |
| Buildings | 622.70M | 563.60M | 525.10M | 509.20M | 501.90M | |
| Machinery | 1.94B | 1.83B | 1.74B | 1.64B | 1.56B | |
| Construction In Progress | 135.50M | 117.20M | 107.80M | 96.00M | 72.70M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 1.42B | 1.26B | 1.15B | 1.16B | 1.09B | 925.00M |
| Depreciation & Amortization | 179.60M | 179.20M | 175.40M | 177.30M | 176.60M | 170.70M |
| Loss (Gain) From Sale of Assets | -400.00K | -3.10M | -3.80M | -4.30M | 1.10M | -1.10M |
| Stock-Based Compensation | 10.00M | 8.40M | 8.00M | 7.30M | 7.20M | 5.60M |
| Provision & Write-off of Bad Debts | 5.30M | 4.60M | 1.30M | 2.20M | -1.80M | 2.50M |
| Other Operating Activities | 3.00M | -1.60M | -4.10M | -10.70M | -4.90M | -13.70M |
| Change in Accounts Receivable | -276.00M | -130.10M | -31.90M | -72.30M | -119.80M | -135.20M |
| Change in Inventory | -57.10M | -89.20M | -133.90M | 189.10M | -198.00M | -189.50M |
| Change in Accounts Payable | 103.20M | 26.00M | 27.50M | 8.40M | 21.90M | 26.10M |
| Change in Income Taxes | 4.50M | 2.10M | -1.30M | -9.40M | 400.00K | -1.80M |
| Change in Other Net Operating Assets | 43.50M | 41.20M | -14.50M | -9.90M | -28.60M | -18.50M |
| Operating Cash Flow | 1.43B | 1.30B | 1.17B | 1.43B | 941.00M | 770.10M |
| Capital Expenditures | -257.00M | -245.30M | -226.50M | -172.80M | -173.80M | -156.60M |
| Sale of Property, Plant & Equipment | 9.30M | 14.80M | 12.40M | 12.20M | 11.40M | 8.40M |
| Other Investing Activities | -2.30M | -500.00K | -400.00K | -600.00K | -600.00K | -300.00K |
| Investing Cash Flow | -250.00M | -231.00M | -214.50M | -161.20M | -163.00M | -148.50M |
| Long-Term Debt Issued | 1.10B | 775.00M | 880.00M | 1.79B | 525.00M | |
| Long-Term Debt Repaid | -1.18B | -835.00M | -1.18B | -1.63B | -540.00M | |
| Net Debt Issued (Repaid) | -95.00M | -75.00M | -60.00M | -295.00M | 165.00M | -15.00M |
| Issuance of Common Stock | 17.90M | 24.30M | 39.60M | 30.10M | 9.20M | 31.60M |
| Repurchase of Common Stock | -80.80M | -237.80M | ||||
| Common Dividends Paid | -1.10B | -1.00B | -893.30M | -799.73M | -711.30M | -643.70M |
| Financing Cash Flow | -1.26B | -1.05B | -913.70M | -1.28B | -774.90M | -627.10M |
| Foreign Exchange Rate Adjustments | -400.00K | 11.00M | -10.60M | 1.40M | -9.20M | -4.00M |
| Net Cash Flow | -76.20M | 21.00M | 34.50M | -8.80M | -6.10M | -9.50M |
| Free Cash Flow | 1.18B | 1.05B | 946.80M | 1.26B | 767.20M | 613.50M |
| Free Cash Flow Margin | 12.96% | 12.81% | 12.55% | 17.15% | 10.99% | 10.21% |
| Free Cash Flow Per Share | 1.02 | 0.91 | 0.82 | 1.10 | 0.67 | 0.53 |
| Levered Free Cash Flow | 916.44M | 805.24M | 747.79M | 1.06B | 599.96M | 460.31M |
| Unlevered Free Cash Flow | 918.81M | 809.11M | 752.35M | 1.07B | 608.90M | 466.38M |
| Cash Interest Paid | 3.80M | 6.60M | 7.80M | 12.20M | 13.30M | 9.90M |
| Cash Income Tax Paid | 441.80M | 398.80M | 356.50M | 383.00M | 354.10M | 294.00M |
| Change in Working Capital | -181.90M | -150.00M | -154.10M | 105.90M | -324.10M | -318.90M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 60.29B | 46.07B | 41.20B | 37.02B | 27.10B | 36.84B |
| Enterprise Value | 60.53B | 46.30B | 41.43B | 37.26B | 27.68B | 37.21B |
| Last Close Price | 52.55 | 39.28 | 34.46 | 30.36 | 21.48 | 28.39 |
| PE Ratio | 42.72 | 36.61 | 35.80 | 32.05 | 24.94 | 39.83 |
| Forward PE | 38.02 | 33.79 | 33.82 | 31.25 | 25.16 | 37.68 |
| PS Ratio | 6.64 | 5.62 | 5.46 | 5.04 | 3.88 | 6.13 |
| PB Ratio | 14.53 | 11.68 | 11.39 | 11.05 | 8.57 | 12.11 |
| P/TBV Ratio | 14.53 | 11.68 | 11.39 | 11.05 | 8.57 | 12.11 |
| P/FCF Ratio | 51.23 | 43.85 | 43.51 | 29.39 | 35.33 | 60.06 |
| P/OCF Ratio | 42.05 | 35.55 | 35.11 | 25.84 | 28.80 | 47.84 |
| PEG Ratio | 3.11 | 2.98 | 4.28 | 2.70 | 2.70 | 5.38 |
| EV/Sales Ratio | 6.67 | 5.65 | 5.49 | 5.07 | 3.96 | 6.19 |
| EV/EBITDA Ratio | 29.61 | 25.23 | 24.58 | 21.84 | 16.98 | 26.81 |
| EV/EBIT Ratio | 32.46 | 27.96 | 27.44 | 24.38 | 19.04 | 30.57 |
| EV/FCF Ratio | 51.44 | 44.07 | 43.76 | 29.58 | 36.08 | 60.66 |
| Debt / Equity Ratio | 0.11 | 0.11 | 0.13 | 0.16 | 0.25 | 0.21 |
| Debt / EBITDA Ratio | 0.20 | 0.22 | 0.26 | 0.29 | 0.45 | 0.42 |
| Debt / FCF Ratio | 0.38 | 0.42 | 0.51 | 0.42 | 1.04 | 1.04 |
| Net Debt / Equity Ratio | 0.06 | 0.04 | 0.06 | 0.09 | 0.18 | 0.13 |
| Net Debt / EBITDA Ratio | 0.12 | 0.09 | 0.14 | 0.18 | 0.35 | 0.29 |
| Net Debt / FCF Ratio | 0.20 | 0.16 | 0.24 | 0.25 | 0.75 | 0.65 |
| Asset Turnover | 1.71 | 1.68 | 1.65 | 1.63 | 1.58 | 1.46 |
| Inventory Turnover | 2.87 | 2.66 | 2.62 | 2.47 | 2.33 | 2.26 |
| Quick Ratio | 1.88 | 2.13 | 1.99 | 1.98 | 1.57 | 1.67 |
| Current Ratio | 3.93 | 4.85 | 4.67 | 4.57 | 3.96 | 4.19 |
| Return on Equity (ROE) | 35.26% | 33.29% | 33.04% | 35.47% | 35.03% | 32.03% |
| Return on Assets (ROA) | 21.96% | 21.22% | 20.60% | 21.20% | 20.54% | 18.41% |
| Return on Invested Capital (ROIC) | 32.59% | 31.65% | 30.69% | 31.36% | 30.57% | 28.34% |
| Return on Capital Employed (ROCE) | 41.20% | 38.20% | 37.60% | 40.20% | 38.70% | 33.70% |
| Earnings Yield | 2.34% | 2.73% | 2.79% | 3.12% | 4.01% | 2.51% |
| FCF Yield | 1.95% | 2.28% | 2.30% | 3.40% | 2.83% | 1.67% |
| Dividend Yield | 1.98% | 2.18% | 2.17% | 2.16% | 2.61% | 1.75% |
| Payout Ratio | 81.30% | 79.80% | 77.64% | 69.24% | 65.44% | 69.59% |
| Buyback Yield / Dilution | -0.04% | -0.15% | -0.22% | 0.45% | 0.26% | -0.25% |
| Total Shareholder Return | 1.94% | 2.03% | 1.95% | 2.62% | 2.87% | 1.50% |