Fastenal Co Financials
This page shows Fastenal Co (FAST) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 19 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Fastenal’s business model converts remarkably stable margins into cash-funded growth with minimal leverage and unusually strong liquidity.
Across the recent stretch, revenue rose about11.6% while operating margin stayed near20.0% . Over the same period, operating cash flow stayed above net income and debt to equity fell from 0.06x to 0.03x, pointing to growth funded by the business itself and earnings that convert cleanly into cash.
Capital intensity is low: FY2025 capital spending was only
Working capital is inventory-heavy but well cushioned: inventory reached
Financial Health Signals
Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Fastenal Co's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Fastenal Co has an operating margin of 20.2%, meaning the company retains $20 of operating profit per $100 of revenue. This strong profitability earns a score of 67/100, reflecting efficient cost management and pricing power. This is up from 20.0% the prior year.
Fastenal Co's revenue grew 8.7% year-over-year to $8.2B, a solid pace of expansion. This earns a growth score of 43/100.
Fastenal Co carries a low D/E ratio of 0.03, meaning only $0.03 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 4.85, Fastenal Co holds $4.85 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 97/100.
Fastenal Co has a free cash flow margin of 12.8%, earning a moderate score of 59/100. The company generates positive cash flow after capital investments, but with room for improvement.
Fastenal Co earns a strong 31.9% return on equity (ROE), meaning it generates $32 of profit for every $100 of shareholders' equity. This efficient capital use earns a returns score of 83/100. This is up from 31.8% the prior year.
Fastenal Co scores 32.18, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($51.3B) relative to total liabilities ($1.1B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Fastenal Co passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Fastenal Co generates $1.03 in operating cash flow ($1.3B OCF vs $1.3B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Fastenal Co earns $267.0 in operating income for every $1 of interest expense ($1.7B vs $6.2M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Fastenal Co generated $8.2B in revenue in fiscal year 2025. This represents an increase of 8.7% from the prior year.
Fastenal Co's EBITDA was $1.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 8.9% from the prior year.
Fastenal Co reported $1.3B in net income in fiscal year 2025. This represents an increase of 9.4% from the prior year.
Fastenal Co earned $1.09 per diluted share (EPS) in fiscal year 2025. This represents an increase of 9.0% from the prior year.
Cash & Balance Sheet
Fastenal Co generated $1.1B in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 11.0% from the prior year.
Fastenal Co held $276.8M in cash against $100.0M in long-term debt as of fiscal year 2025.
Fastenal Co paid $0.88 per share in dividends in fiscal year 2025. This represents an increase of 12.2% from the prior year.
Fastenal Co had 1.15B shares outstanding in fiscal year 2025. This represents an increase of 100.2% from the prior year.
Margins & Returns
Fastenal Co's gross margin was 45.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.1 percentage points from the prior year.
Fastenal Co's operating margin was 20.2% in fiscal year 2025, reflecting core business profitability. This is up 0.2 percentage points from the prior year.
Fastenal Co's net profit margin was 15.3% in fiscal year 2025, showing the share of revenue converted to profit. This is up 0.1 percentage points from the prior year.
Fastenal Co's ROE was 31.9% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.1 percentage points from the prior year.
Capital Allocation
Fastenal Co invested $245.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 8.3% from the prior year.
FAST Income Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.2B+8.6% | $2.0B-5.0% | $2.1B+2.5% | $2.1B+6.2% | $2.0B+7.4% | $1.8B-4.5% | $1.9B-0.3% | $1.9B |
| Cost of Revenue | $1.2B+8.0% | $1.1B-3.3% | $1.2B+2.6% | $1.1B+5.8% | $1.1B+6.9% | $1.0B-4.3% | $1.1B-0.1% | $1.1B |
| Gross Profit | $982.9M+9.4% | $898.7M-6.9% | $965.8M+2.4% | $942.8M+6.7% | $883.9M+8.0% | $818.2M-4.7% | $858.6M-0.6% | $863.5M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $535.3M+4.0% | $514.5M-1.9% | $524.3M+3.5% | $506.7M+3.4% | $490.0M+3.5% | $473.4M+0.6% | $470.5M-1.3% | $476.6M |
| Operating Income | $447.6M+16.5% | $384.2M-13.0% | $441.5M+1.2% | $436.1M+10.7% | $393.9M+14.2% | $344.8M-11.2% | $388.1M+0.3% | $386.9M |
| Interest Expense | $800K+14.3% | $700K-56.3% | $1.6M-27.3% | $2.2M+29.4% | $1.7M0.0% | $1.7M-5.6% | $1.8M0.0% | $1.8M |
| Income Tax | $108.6M+19.6% | $90.8M-13.6% | $105.1M-1.1% | $106.3M+12.6% | $94.4M+14.8% | $82.2M-8.2% | $89.5M-4.5% | $93.7M |
| Net Income | $339.8M+15.6% | $293.9M-12.4% | $335.5M+1.6% | $330.3M+10.6% | $298.7M+14.0% | $262.1M-12.1% | $298.1M+1.8% | $292.7M |
| EPS (Diluted) | $0.30 | N/A | $0.290.0% | $0.29+11.5% | $0.26 | N/A | $0.26+4.0% | $0.25 |
FAST Balance Sheet
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $5.2B+3.1% | $5.1B-1.2% | $5.1B+2.0% | $5.0B+3.0% | $4.9B+3.7% | $4.7B-0.9% | $4.7B+2.9% | $4.6B |
| Current Assets | $3.6B+4.3% | $3.5B-2.1% | $3.5B+2.4% | $3.5B+3.1% | $3.4B+4.5% | $3.2B-1.5% | $3.3B+3.6% | $3.1B |
| Cash & Equivalents | $308.6M+11.5% | $276.8M-3.9% | $288.1M+21.2% | $237.8M+2.6% | $231.8M-9.4% | $255.8M-12.5% | $292.2M+14.4% | $255.5M |
| Inventory | $1.7B-3.2% | $1.7B+1.5% | $1.7B-0.2% | $1.7B+3.1% | $1.7B+1.8% | $1.6B+5.5% | $1.6B+3.6% | $1.5B |
| Accounts Receivable | $1.4B+16.1% | $1.2B-7.6% | $1.3B+1.7% | $1.3B+3.6% | $1.3B+15.3% | $1.1B-7.7% | $1.2B-0.3% | $1.2B |
| Goodwill | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Liabilities | $1.2B+10.0% | $1.1B-9.2% | $1.2B+1.1% | $1.2B+2.4% | $1.2B+9.1% | $1.1B-5.2% | $1.1B+3.0% | $1.1B |
| Current Liabilities | $824.1M+15.2% | $715.6M-14.1% | $832.7M+1.5% | $820.3M+4.5% | $785.2M+14.3% | $687.1M-7.3% | $741.6M+3.4% | $717.0M |
| Long-Term Debt | $100.0M0.0% | $100.0M0.0% | $100.0M0.0% | $100.0M-20.0% | $125.0M0.0% | $125.0M0.0% | $125.0M0.0% | $125.0M |
| Total Equity | $4.0B+1.2% | $3.9B+1.3% | $3.9B+2.3% | $3.8B+3.2% | $3.7B+2.0% | $3.6B+0.5% | $3.6B+2.9% | $3.5B |
| Retained Earnings | $3.9B+1.7% | $3.9B+1.1% | $3.8B+2.2% | $3.7B+2.1% | $3.7B+1.4% | $3.6B+1.1% | $3.6B+2.1% | $3.5B |
FAST Cash Flow Statement
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $378.4M+2.8% | $368.1M-4.9% | $386.9M+38.9% | $278.6M+6.3% | $262.2M-7.3% | $282.8M-4.7% | $296.9M+15.1% | $258.0M |
| Capital Expenditures | $58.9M-1.8% | $60.0M-0.5% | $60.3M-13.0% | $69.3M+24.4% | $55.7M-7.5% | $60.2M+1.3% | $59.4M+5.9% | $56.1M |
| Free Cash Flow | $319.5M+3.7% | $308.1M-5.7% | $326.6M+56.0% | $209.3M+1.4% | $206.5M-7.2% | $222.6M-6.3% | $237.5M+17.6% | $201.9M |
| Investing Cash Flow | -$57.6M+0.5% | -$57.9M-5.7% | -$54.8M+14.9% | -$64.4M-19.7% | -$53.8M+6.4% | -$57.5M-2.9% | -$55.9M-6.1% | -$52.7M |
| Financing Cash Flow | -$288.3M+10.5% | -$322.2M-14.7% | -$280.9M-29.8% | -$216.4M+8.1% | -$235.5M+5.8% | -$250.1M-18.7% | -$210.7M-13.6% | -$185.5M |
| Dividends Paid | $275.6M+9.1% | $252.6M0.0% | $252.5M0.0% | $252.5M+2.4% | $246.7M+10.4% | $223.4M0.0% | $223.4M0.0% | $223.3M |
| Share Buybacks | $20.3M | N/A | N/A | N/A | $0 | N/A | N/A | N/A |
FAST Financial Ratios
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 44.6%+0.3pp | 44.3%-0.9pp | 45.3%-0.1pp | 45.3%+0.2pp | 45.1%+0.3pp | 44.9%-0.1pp | 45.0%-0.1pp | 45.1% |
| Operating Margin | 20.3%+1.4pp | 18.9%-1.7pp | 20.7%-0.3pp | 21.0%+0.9pp | 20.1%+1.2pp | 18.9%-1.4pp | 20.3%+0.1pp | 20.2% |
| Net Margin | 15.4%+0.9pp | 14.5%-1.2pp | 15.7%-0.2pp | 15.9%+0.6pp | 15.2%+0.9pp | 14.4%-1.2pp | 15.6%+0.3pp | 15.3% |
| Return on Equity | 8.5%+1.1pp | 7.4%-1.2pp | 8.6%-0.1pp | 8.7%+0.6pp | 8.1%+0.8pp | 7.2%-1.0pp | 8.3%-0.1pp | 8.4% |
| Return on Assets | 6.5%+0.7pp | 5.8%-0.7pp | 6.6%-0.0pp | 6.6%+0.4pp | 6.1%+0.5pp | 5.6%-0.7pp | 6.3%-0.1pp | 6.4% |
| Current Ratio | 4.39-0.5 | 4.85+0.6 | 4.26+0.0 | 4.22-0.1 | 4.28-0.4 | 4.67+0.3 | 4.400.0 | 4.39 |
| Debt-to-Equity | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.030.0 | 0.04 |
| FCF Margin | 14.5%-0.7pp | 15.2%-0.1pp | 15.3%+5.3pp | 10.1%-0.5pp | 10.5%-1.7pp | 12.2%-0.2pp | 12.4%+1.9pp | 10.5% |
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Frequently Asked Questions
What is Fastenal Co's annual revenue?
Fastenal Co (FAST) reported $8.2B in total revenue for fiscal year 2025. This represents a 8.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Fastenal Co's revenue growing?
Fastenal Co (FAST) revenue grew by 8.7% year-over-year, from $7.5B to $8.2B in fiscal year 2025.
Is Fastenal Co profitable?
Yes, Fastenal Co (FAST) reported a net income of $1.3B in fiscal year 2025, with a net profit margin of 15.3%.
What is Fastenal Co's EBITDA?
Fastenal Co (FAST) had EBITDA of $1.8B in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Fastenal Co have?
As of fiscal year 2025, Fastenal Co (FAST) had $276.8M in cash and equivalents against $100.0M in long-term debt.
What is Fastenal Co's gross margin?
Fastenal Co (FAST) had a gross margin of 45.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Fastenal Co's operating margin?
Fastenal Co (FAST) had an operating margin of 20.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Fastenal Co's net profit margin?
Fastenal Co (FAST) had a net profit margin of 15.3% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
Does Fastenal Co pay dividends?
Yes, Fastenal Co (FAST) paid $0.88 per share in dividends during fiscal year 2025.
What is Fastenal Co's return on equity (ROE)?
Fastenal Co (FAST) has a return on equity of 31.9% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Fastenal Co's free cash flow?
Fastenal Co (FAST) generated $1.1B in free cash flow during fiscal year 2025. This represents a 11.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Fastenal Co's operating cash flow?
Fastenal Co (FAST) generated $1.3B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Fastenal Co's total assets?
Fastenal Co (FAST) had $5.1B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Fastenal Co's capital expenditures?
Fastenal Co (FAST) invested $245.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Fastenal Co's current ratio?
Fastenal Co (FAST) had a current ratio of 4.85 as of fiscal year 2025, which is generally considered healthy.
What is Fastenal Co's debt-to-equity ratio?
Fastenal Co (FAST) had a debt-to-equity ratio of 0.03 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Fastenal Co's return on assets (ROA)?
Fastenal Co (FAST) had a return on assets of 24.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Fastenal Co's Altman Z-Score?
Fastenal Co (FAST) has an Altman Z-Score of 32.18, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Fastenal Co's Piotroski F-Score?
Fastenal Co (FAST) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Fastenal Co's earnings high quality?
Fastenal Co (FAST) has an earnings quality ratio of 1.03x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Fastenal Co cover its interest payments?
Fastenal Co (FAST) has an interest coverage ratio of 267.0x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Fastenal Co?
Fastenal Co (FAST) scores 75 out of 100 on our Financial Profile, indicating strong overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.