NASDAQ: FAST
Fastenal
Industrials · Retail-Building Materials, Hardware, Garden Supply
52-week range
$38.97$53.30
Stock price
Market cap
At each fiscal year end, then the latest quarter end: closing price × shares outstanding.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$56.8B
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| Period | Market cap |
|---|---|
| FY2016, ended Dec 31, 2016 | $13.6B |
| FY2017, ended Dec 31, 2017 | $15.7B |
| FY2018, ended Dec 31, 2018 | $15.0B |
| FY2019, ended Dec 31, 2019 | $21.2B |
| FY2020, ended Dec 31, 2020 | $28.0B |
| FY2021, ended Dec 31, 2021 | $36.9B |
| FY2022, ended Dec 31, 2022 | $27.0B |
| FY2023, ended Dec 31, 2023 | $37.1B |
| FY2024, ended Dec 31, 2024 | $41.2B |
| FY2025, ended Dec 31, 2025 | $46.1B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $56.8B |
Revenue
By fiscal year, then the trailing 12 months.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$9.08B
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| Period | Revenue |
|---|---|
| FY2016, ended Dec 31, 2016 | $3.96B |
| FY2017, ended Dec 31, 2017 | $4.39B |
| FY2018, ended Dec 31, 2018 | $4.97B |
| FY2019, ended Dec 31, 2019 | $5.33B |
| FY2020, ended Dec 31, 2020 | $5.65B |
| FY2021, ended Dec 31, 2021 | $6.01B |
| FY2022, ended Dec 31, 2022 | $6.98B |
| FY2023, ended Dec 31, 2023 | $7.35B |
| FY2024, ended Dec 31, 2024 | $7.55B |
| FY2025, ended Dec 31, 2025 | $8.20B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $9.08B |
Net income and free cash flow
By fiscal year, then the trailing 12 months. Free cash flow is operating cash flow minus capex.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Show tableHide table
| Period | Net income | Free cash flow |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $499M | $330M |
| FY2017, ended Dec 31, 2017 | $579M | $465M |
| FY2018, ended Dec 31, 2018 | $752M | $498M |
| FY2019, ended Dec 31, 2019 | $791M | $596M |
| FY2020, ended Dec 31, 2020 | $859M | $934M |
| FY2021, ended Dec 31, 2021 | $925M | $614M |
| FY2022, ended Dec 31, 2022 | $1.09B | $767M |
| FY2023, ended Dec 31, 2023 | $1.16B | $1.26B |
| FY2024, ended Dec 31, 2024 | $1.15B | $947M |
| FY2025, ended Dec 31, 2025 | $1.26B | $1.05B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $1.42B | $1.18B |
Cash and cash equivalents
At each fiscal year end, then the latest quarter end.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$212M
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| Period | Cash and cash equivalents |
|---|---|
| FY2016, ended Dec 31, 2016 | $113M |
| FY2017, ended Dec 31, 2017 | $117M |
| FY2018, ended Dec 31, 2018 | $167M |
| FY2019, ended Dec 31, 2019 | $175M |
| FY2020, ended Dec 31, 2020 | $246M |
| FY2021, ended Dec 31, 2021 | $236M |
| FY2022, ended Dec 31, 2022 | $230M |
| FY2023, ended Dec 31, 2023 | $221M |
| FY2024, ended Dec 31, 2024 | $256M |
| FY2025, ended Dec 31, 2025 | $277M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $212M |
Total debt
At each fiscal year end, then the latest quarter end. Short- and long-term borrowings, excluding leases.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.$100M
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| Period | Total debt |
|---|---|
| FY2016, ended Dec 31, 2016 | $390M |
| FY2017, ended Dec 31, 2017 | $415M |
| FY2018, ended Dec 31, 2018 | $500M |
| FY2019, ended Dec 31, 2019 | $345M |
| FY2020, ended Dec 31, 2020 | $405M |
| FY2021, ended Dec 31, 2021 | $390M |
| FY2022, ended Dec 31, 2022 | $555M |
| FY2023, ended Dec 31, 2023 | $260M |
| FY2024, ended Dec 31, 2024 | $200M |
| FY2025, ended Dec 31, 2025 | $125M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | $100M |
Shares outstanding
At each fiscal year end, then the latest quarter end, adjusted for splits. Down 0.8% since 2016.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.1.15B
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| Period | Shares outstanding |
|---|---|
| FY2016, ended Dec 31, 2016 | 1.16B |
| FY2017, ended Dec 31, 2017 | 1.15B |
| FY2018, ended Dec 31, 2018 | 1.14B |
| FY2019, ended Dec 31, 2019 | 1.15B |
| FY2020, ended Dec 31, 2020 | 1.15B |
| FY2021, ended Dec 31, 2021 | 1.15B |
| FY2022, ended Dec 31, 2022 | 1.14B |
| FY2023, ended Dec 31, 2023 | 1.14B |
| FY2024, ended Dec 31, 2024 | 1.15B |
| FY2025, ended Dec 31, 2025 | 1.15B |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | 1.15B |
Buybacks and new shares
By fiscal year, then the trailing 12 months, in dollars. Below zero: bought back. Above zero: issued to employees, sold or used in acquisitions.Figures shown are for the trailing 12 months to Sep 30, 2026. Hover or tap a column for another year.Net: $10.0M more issued than bought back
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| Period | Bought back | Paid to employees |
|---|---|---|
| FY2016, ended Dec 31, 2016 | $59.5M | $4.10M |
| FY2017, ended Dec 31, 2017 | $82.6M | $5.20M |
| FY2018, ended Dec 31, 2018 | $103M | $5.10M |
| FY2019, ended Dec 31, 2019 | $0 | $5.70M |
| FY2020, ended Dec 31, 2020 | $52.0M | $5.70M |
| FY2021, ended Dec 31, 2021 | $0 | $5.60M |
| FY2022, ended Dec 31, 2022 | $238M | $7.20M |
| FY2023, ended Dec 31, 2023 | $0 | $7.30M |
| FY2024, ended Dec 31, 2024 | $0 | $8.00M |
| FY2025, ended Dec 31, 2025 | — | $8.40M |
| Trailing 12 months to Sep 30, 2026 (through Q3 FY2026) | — | $10.0M |
Revenue (TTM)
$9.08B
+13.5% YoY
Net income (TTM)
$1.42B
+15.6% YoY
Cash
$212M
−26.4% YoY
Total debt
$100M
−48.7% YoY
Valuation
At current price- Market Cap
- $59.6B
- P/E
- 42.0×
- Forward P/E
- —. Needs analyst estimates; not available from the current data provider
- Price / Sales
- 6.6×
- Price / Book
- 14.4×
- EV / EBITDA
- 29.1×
Growth
Trailing 12 months- Revenue (TTM)
- $9.08B
- Revenue Growth YoY
- 13.5%
- Revenue CAGR 3Y
- 5.5%
- Revenue CAGR 5Y
- 7.7%
- EPS Growth YoY
- 15.0%
- Net Income Growth YoY
- 15.6%
Profitability
Trailing 12 months- Gross Margin
- 44.6%
- Operating Margin
- 20.5%
- Net Margin
- 15.6%
- FCF Margin
- 13.0%
- Return on Equity
- 35.3%
Earnings
Trailing 12 months- Net Income
- $1.42B
- EPS (diluted)
- $1.23
- EBITDA
- $2.04B
- Operating Income
- $1.86B
Balance Sheet
As of Sep 30, 2026- Cash and cash equivalents
- $212M
- Total Debt
- $100M
- Net Cash
- $112M
- Total Assets
- $5.49B
- Total Liabilities
- $1.35B
- Shareholders' Equity
- $4.15B
Cash Flow
Trailing 12 months- Operating Cash Flow
- $1.43B
- Capital Expenditure
- $257M
- Free Cash Flow
- $1.18B
Dividends and risk
Last 12 months- Dividend Yield
- 1.9%
- Dividend / Share
- $1.00
- Beta (5Y)
- 0.69
Every ratio is calculated from the company’s reported figures.
Strength
Revenue is up 13.5% year over year, at $9.08B.
Note
Net margin of 15.6% over the last 12 months.
Strength
Holds more cash than debt, with $112M in net cash.
Note
Free cash flow of $1.18B, 13.0% of revenue.
Written by fixed rules from the reported figures, not by a person or an AI.
Latest report
Pro10-Q for the quarter ended Sep 30, 2026 · filed Oct 19, 2026
The score and findings for the newest report are part of CoreStock Pro, coming soon. Every earlier report is free.
Score of each annual report
0 to 100 · 60 means nothing notable · tap a column for its details
2025 · 10-K65Mildly positive
65Mildly positive
10-K for the fiscal year ended Dec 31, 2025
Filed Feb 5, 2026 · Read the filing on EDGAR
- Sales rose 8.7% to $8.20 billion and net income rose 9.4% to $1.26 billion. Most of the growth came from winning market share, since factory demand stayed weak.
- Tariff-driven price increases added 1.7 to 2.0 points of sales growth. Operating margin edged up from 20.0% to 20.2%.
- CEO Dan Florness is stepping down and president Jeff Watts was named as the next CEO, a year after the CFO change.
- Spending on equipment and facilities is set to rise to $310–330 million in 2026 from $231 million, and debt fell to $125 million.
Business momentum
Improving
“Despite this challenging environment, in 2025 we produced net sales growth of 8.7% and, owing to one less selling day in the period, daily sales growth of 9.1%.”
Outlook
Neutral
“For 2026, we expect our investment in property and equipment, net of proceeds from sales, to be within a range of $310.0 to $330.0, an increase from $230.6 in 2025.”
Financial stress
Low
“We believe that net cash provided by operating activities will be adequate to meet our liquidity and capital needs for these items in the short-term over the next 12 months and also in the long-term beyond the next 12 months.”
Tone against the previous report
More positive
Red flags
- Minor
Other
“on December 19, 2025, Mr. Florness informed our board of directors of his decision to voluntarily step out of his role as our chief executive officer”
Positives
Market share gains despite weak factory demand
“the primary factor contributing to our daily sales growth of 9.1% was share gains.”
Margin improved as costs grew slower than sales
“we leveraged our SG&A expenses resulting in a 20 basis point improvement in operating margin.”
Strong cash flow and less debt
“As of December 31, 2025, we had $0.0 outstanding under the Credit Facility”
Concerns
Digital sales goal missed
“This was below our goal at the start of 2025, which was between 66% and 68%, attributable to lower volume through our FMI devices due to the business disruption associated with a rapidly changing tariff environment.”
Gross margin slipped late in the year
“Our gross profit, as a percentage of net sales, was 45.0% in 2025 and 45.1% in 2024.”
Manufacturing demand still sluggish
“The manufacturing environment remained sluggish in 2025.”
New risks since the previous report
CEO leadership transition
“If we are unable to manage this transition effectively, our operations may be disrupted.”
Tariff costs may hit harder as cheaper older stock runs out
“our tariff exposure may become more impactful in subsequent quarters as our lower tariff inventory is depleted and replaced with inventory that is subject to new and expanded tariffs.”
Falling behind on AI and new technology
“Additionally, our competitors may leverage these technologies more effectively, which could result in a loss of market share.”
Shifting and legally challenged tariff rules
“This environment has been very fluid, resulting in several changes to the duties and tariffs enacted throughout the year.”
Biggest risks named
- Tariffs and trade disruption raising product costs
- Weak manufacturing and industrial demand
- Gross margin pressure from shift to larger, lower-margin customers
- CEO leadership transition
- Growth programs (digital, FMI) missing targets
Artificial intelligence in this business: Mentioned
How the score adds up
| Starting point | 60 | |
| Business momentum | +6 | |
| Outlook | 0 | |
| Tone against the previous report | +2 | |
| Financial stress | 0 | |
| Red flags | −0.9 | |
| New risks | −2 | |
| Score | 65 | |
Written by AI (Claude Opus 5.5) from the report’s text. 14 of 14 quotes were found word for word in the filing; the rest are left out. Not investment advice.
All scored reports
| Period | Report | Filed | Score | Momentum | Red flags |
|---|---|---|---|---|---|
| 10-Q | Oct 19, 2026 | Pro | |||
| 10-K | Feb 5, 2026 | 65 | Improving | 1 minor | |
| 10-K | Feb 6, 2025 | 58 | Stable | 1 minor | |
| 10-K | Feb 6, 2024 | 65 | Improving | None | |
| 10-K | Feb 7, 2023 | 70 | Strong improvement | None | |
| 10-K | Feb 7, 2022 | 69 | Improving | None | |
| 10-K | Feb 8, 2021 | 65 | Improving | None | |
| 10-K | Feb 6, 2020 | 61 | Improving | None | |
| 10-K | Feb 6, 2019 | 70 | Strong improvement | None | |
| 10-K | Feb 5, 2018 | 66 | Improving | None |
How these scores work
An AI model reads the management discussion, risk factors and legal sections of each report and records what they say, quoting the filing word for word. Fixed rules then turn those findings into a score from 0 to 100, where 60 means nothing notable either way. A score describes the report, not whether the stock is a good investment, and the AI may know how things turned out later, which can colour older scores. Read the methodology
From the 10-Q for Q3 FY2026 (period ended Sep 30, 2026), filed Oct 19, 2026. View filings on SEC EDGAR