FASTNasdaqRetail-Building Materials, Hardware, Garden SupplyFiscal year ends December 31
FASTENAL CO
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Oct 19, 2026
$51.02+0.00 (0.00%)
Close on Oct 19, 2026
- Market cap
- $58.69B
- P/E (TTM)
- 43.2
- Dividend yield
- 1.72%
Margins
Share of revenue, fiscal years 2011 to 2025
Gross margin
45.0%−0.5 pts over 5 years
Operating margin
20.2%−0.0 pts over 5 years
Net margin
15.3%+0.1 pts over 5 years
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +8.7% | +5.5% | +7.7% | +7.8% | |
| Gross profit | +8.5% | +4.7% | +7.5% | +6.6% | |
| Operating income | +9.6% | +4.4% | +7.7% | +7.2% | |
| Net income | +9.4% | +5.0% | +7.9% | +9.3% | |
| EPS, diluted | +9.0% | +4.9% | +7.9% | +9.4% | |
| Free cash flow | +11.0% | +11.0% | +2.4% | +10.3% | |
| Dividend per share | +12.2% | +12.2% | +4.6% | +12.1% |
Returns and balance sheet
10 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2016 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | 26.7% | 31.8% | 33.3% | |
| Return on assets | 19.2% | 22.1% | 25.8% | |
| Current ratio | 6.24 | 4.08 | 4.85 | |
| Debt to equity | 0.20 | 0.15 | 0.03 | |
| Net debt to EBITDA | – | – | -0.08× | |
| Interest coverage | 122.4× | 117.7× | 267.0× | |
| Inventory turnover | 2.1× | 2.3× | 2.7× | |
| Capex to revenue | 4.8% | 3.0% | 3.0% | |
| Diluted shares | 1.16B | 1.15B | 1.15B |
Where the cash went
Fiscal 2021 to 2025, five years combined
Fastenal generated $5.61B from operations and spent $5.48B on capital expenditure, dividends and share buybacks. 18% of that went back into the business.
Generated
$5.61B
Used
$5.48B
Capital expenditure$975.00M18%Dividends$4.27B78%Share buybacks$237.80M4%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin15.3%
×Asset turnover1.68×
×Equity multiplier1.29×
=Return on equity, FY202533.3%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | 15.3% | 1.68× | 1.29× | 33.3% |
| FY2024 | 15.2% | 1.65× | 1.32× | 33.0% |
| FY2023 | 15.7% | 1.63× | 1.38× | 35.5% |
| FY2022 | 15.6% | 1.58× | 1.43× | 35.0% |
| FY2021 | 15.4% | 1.45× | 1.43× | 32.0% |
| FY2020 | 15.2% | 1.45× | 1.44× | 31.8% |
| FY2019 | 14.8% | 1.50× | 1.43× | 31.8% |
| FY2018 | 15.1% | 1.59× | 1.42× | 34.2% |
| FY2017 | 13.2% | 1.57× | 1.38× | 28.7% |
| FY2016 | 12.6% | 1.52× | 1.39× | 26.7% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
7of 9 tests passed in fiscal 2025. Scores of 7 to 9 are usually read as strong.
- ProfitableNet income above zero$1.26B
- Cash generatingOperating cash flow above zero$1.30B
- Return on assets improvedROA up on the prior year25.8% → 26.8%
- Earnings backed by cashOperating cash flow above net income$1.30B vs $1.26B
- Less leverageLong-term debt to assets fell2.7% → 2.0%
- Better liquidityCurrent ratio rose4.67 → 4.85
- No dilutionShare count did not rise1.15B → 1.15B
- Gross margin improvedGross margin up on the prior year45.08% → 45.01%
- More efficientAsset turnover rose1.69 → 1.75