Fastenal Co (FAST) company profile
Close on Nov 13, 2026Market cap $63.32BP/E 44.5Yield 1.59%
About Fastenal
Retail-Building Materials, Hardware, Garden Supply, SIC 5200
Fastenal distributes a broad range of industrial and construction supplies across more than nine major product lines, featuring threaded fasteners, advanced manufacturing services, and inventory solutions. The company provides inventory replenishment and procurement models such as bin stock devices, vending devices, and digital eBusiness capabilities. Its customer base consists primarily of business-to-business clients spanning both manufacturing and non-manufacturing sectors.
As of year-end 2025, Fastenal operates 1,595 branch locations across 25 countries and employs 24,489 people. Its distribution network comprises 19 centers globally, including 12 in the United States, two in Canada, one in Mexico, two in Europe, and two in Asia. The company was founded and opened its first branch in Winona, Minnesota.
Summary of the business section of Fastenal's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Fastenal Co
- Founded
- 1967
- Headquarters
- Winona, MN
- Address
- 2001 Theurer Blvd 55987
- Phone
- (507) 454-5374
- Website
- www.fastenal.com
- Employees
- 24,489, Dec 31, 2025
- Industry
- Retail-Building Materials, Hardware, Garden Supply
- Incorporated in
- Minnesota
- Fiscal year ends
- December 31
- Auditor
- PricewaterhouseCoopers LLP, Minneapolis, MN
Stock & identifiers
- Ticker
- FAST
- Exchange
- Nasdaq
- IPO date
- Aug 20, 1987
- Shares outstanding
- 1.15B, Oct 13, 2026
- Public float
- $48.11B, Jun 30, 2025
- Filer category
- Large accelerated filer
- Stock splits
- 2-for-1, May 22, 2025; 2-for-1, May 23, 2019; 2-for-1, May 23, 2011; 2-for-1, Nov 14, 2005; 2-for-1, May 13, 2002; 2-for-1, Mar 30, 1995; 2-for-1, Mar 31, 1992; 2-for-1, Feb 26, 1990; 3-for-2, Sep 19, 1988
- SEC CIK
- 815556
- CUSIP
- 311900104
- ISIN
- US3119001044
- FIGI
- BBG000BJ8YN7
- Share class FIGI
- BBG001S5R1F7
- LEI
- 529900PP0C7H2HHPSJ32
- EIN
- 41-0948415
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Daniel L. Florness | CEO, Director | 692,704 |
| Donnalee Kathleen Papenfuss | EVP-Strategy and Communication | 811 |
| Charles S. Miller | Senior EVP-Sales | 27,381 |
| John Lewis Soderberg | Senior EVP-IT | 30,478 |
| Max Hughes Tunnicliff | CFO and Senior EVP | 0 |
| James C. Jansen | EVP-Manufacturing | 46,188 |
| Sheryl Ann Lisowski | EVP-CAO/Treas. | 18,387 |
| Jeffery Michael Watts | President and Chief Sales Off. | 44,604 |
| William Joseph Drazkowski | EVP-Sales | 22,594 |
| Noelle Joan Oas | Executive VP-Human Resources | – |
| Anthony Paul Broersma | EVP-Operations | 12,753 |
| Holden Lewis | Chief Financial Officer/EVP | 16,338 |
| Michael J. Ancius | Director | 71,298 |
| Rita J. Heise | Director | 20,877 |
| Vishal Talwar | Director | – |
| Reyne K. Wisecup | Director | 76,920 |
| Scott Satterlee | Director | 50,000 |
| Stephen L. Eastman | Director | 21,000 |
| Brady D. Ericson | Director | 0 |
| Hsenghung Sam HSU | Director | 10,000 |
| Sarah N. Nielsen | Director | 5,000 |
| Irene Ayeley Quarshie | Director | – |
| Daniel L. Johnson | Director | 22,190 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 | $4.18M | $4.87M | $1.50M | $185 | $219 |
| FY2024 | $1.70M | $2.28M | $860.70K | $163 | $196 |
| FY2023 | $3.12M | $5.36M | $1.45M | $143 | $172 |
| FY2022 | $5.44M | $3.31M | $2.41M | $101 | $116 |
| FY2021 | $2.42M | $5.57M | $1.36M | $134 | $134 |
| FY2020 | $2.54M | $5.32M | $1.32M | $137 | $126 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Executive compensation, fiscal 2025
Summary compensation table from the latest proxy statement
| Executive | Salary | Bonus | Option awards | Incentive pay | Other | Total | vs. prior year |
|---|---|---|---|---|---|---|---|
| Daniel L. Florness Chief Executive Officer | $750.00K | – | $861.39K | $2.57M | $2.94K | $4.18M | +147% |
| Max H. Tunnicliff Senior Executive Vice President and Chief Financial Officer | $62.71K | $225.00K | – | $178.70K | – | $466.40K | – |
| Sheryl A. Lisowski Executive Vice President - Chief Accounting Officer and Treasurer | $404.55K | – | $177.20K | $876.09K | $2.94K | $1.46M | +163% |
| Jeffery M. Watts President and Chief Sales Officer | $535.66K | – | $738.32K | $1.82M | – | $3.09M | +188% |
| Charles S. Miller Senior Executive Vice President - Sales | $450.00K | – | $332.25K | $1.13M | $2.94K | $1.92M | +126% |
| John L. Soderberg Senior Executive Vice President - Information Technology | $400.01K | – | $221.50K | $954.20K | $2.94K | $1.58M | +134% |
| Holden Lewis Former Senior Executive Vice President and Chief Financial Officer | $129.53K | – | $291.02K | $83.77K | – | $504.31K | -36% |
Stock and option awards are grant-date fair values, not realized pay. “Other” includes pension value changes and all other compensation. Source proxy statement.
Employees
Headcount reported in annual reports
“5 branch locations in 25 countries supported by 15 distribution centers in North America, with 12 in the United States (U.S.), two in Canada, and one in Mexico; two in Asia; and two in Europe, and we employed 24,489 people.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Feb 6, 2025 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Jul 24, 2024 | Auditor change | Change in certifying accountant (8-K Item 4.01) |
| Mar 4, 2002 | Name change | Name changed from FASTENAL COMPANY to Fastenal Co |
See a number that looks wrong?