Fastenal (FAST) Financials

$81.92 -1.24 (-1.49%)

As of 05/20/2025 04:00 PM Eastern

Annual Income Statements for Fastenal

This table shows Fastenal's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	1,151	1,155	1,087	925	859	791	752	579	499	516
Consolidated Net Income / (Loss)	1,151	1,155	1,087	925	859	791	752	579	499	516
Net Income / (Loss) Continuing Operations	1,151	1,155	1,087	925	859	791	752	579	499	516
Total Pre-Tax Income	1,508	1,522	1,440	1,208	1,133	1,044	987	873	790	826
Total Operating Income	1,510	1,529	1,454	1,217	1,142	1,057	999	882	796	829
Total Gross Profit	3,402	3,355	3,216	2,777	2,568	2,515	2,399	2,164	1,965	1,949
Total Revenue	7,546	7,347	6,981	6,011	5,647	5,334	4,965	4,391	3,962	3,869
Operating Revenue	7,546	7,347	6,981	6,011	5,647	5,334	4,965	4,391	3,962	3,869
Total Cost of Revenue	4,144	3,992	3,765	3,234	3,080	2,818	2,566	2,227	1,997	1,920
Operating Cost of Revenue	4,144	3,992	3,765	3,234	3,080	2,818	2,566	2,227	1,997	1,920
Total Operating Expenses	1,892	1,826	1,762	1,560	1,426	1,458	1,400	1,282	1,169	1,120
Selling, General & Admin Expense	1,892	1,826	1,762	1,560	1,426	1,458	1,400	1,283	1,170	1,122
Total Other Income / (Expense), net	-1.90	-6.70	-14	-9.60	-9.10	-14	-12	-8.70	-6.10	-2.70
Interest Expense	7.30	11	14	9.70	9.70	14	13	9.10	6.50	3.10
Interest & Investment Income	5.40	4.10	0.70	0.10	0.60	0.40	0.40	0.40	0.40	0.40
Income Tax Expense	358	367	353	283	274	253	235	295	290	310
Basic Earnings per Share	$2.01	$2.02	$1.89	$1.61	$1.50	$1.38	$1.31	$1.00	$1.73	$1.77
Weighted Average Basic Shares Outstanding	572.71M	571.27M	573.78M	574.81M	573.78M	573.20M	573.93M	576.40M	288.95M	291.45M
Diluted Earnings per Share	$2.00	$2.02	$1.89	$1.60	$1.49	$1.38	$1.31	$1.00	$1.73	$1.77
Weighted Average Diluted Shares Outstanding	574.28M	573.01M	575.62M	577.12M	575.67M	574.44M	574.33M	576.70M	289.16M	292.05M
Weighted Average Basic & Diluted Shares Outstanding	573.42M	572.23M	570.83M	575.55M	574.32M	574.23M	285.93M	287.90M	288.70M	288.40M
Cash Dividends to Common per Share	$1.56	$1.78	$1.24	$1.12	$1.40	$0.87	$1.54	$1.28	$1.20	$1.12

This table shows Fastenal's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	299	262	298	293	298	266	296	298	295	246	285
Consolidated Net Income / (Loss)	299	262	298	293	298	266	296	298	295	246	285
Net Income / (Loss) Continuing Operations	299	262	298	293	298	266	296	298	295	246	285
Total Pre-Tax Income	393	344	388	386	390	354	385	393	390	328	375
Total Operating Income	394	345	388	387	390	354	387	395	393	333	379
Total Gross Profit	884	818	859	864	862	799	848	858	850	768	827
Total Revenue	1,959	1,825	1,910	1,916	1,895	1,759	1,846	1,883	1,859	1,696	1,802
Operating Revenue	1,959	1,825	1,910	1,916	1,895	1,759	1,846	1,883	1,859	1,696	1,802
Total Cost of Revenue	1,076	1,006	1,052	1,053	1,034	959	998	1,026	1,009	927	976
Operating Cost of Revenue	1,076	1,006	1,052	1,053	1,034	959	998	1,026	1,009	927	976
Total Operating Expenses	490	473	471	477	471	446	461	463	457	435	447
Selling, General & Admin Expense	490	473	471	477	471	446	461	463	457	435	447
Total Other Income / (Expense), net	-0.80	-0.50	-0.50	-0.50	-0.40	0.40	-1.30	-2.30	-3.50	-4.70	-3.90
Interest Expense	1.70	1.70	1.80	1.80	2.00	1.90	2.10	2.90	3.90	5.00	4.10
Interest & Investment Income	0.90	1.20	1.30	1.30	1.60	2.30	0.80	0.60	0.40	0.30	0.20
Income Tax Expense	94	82	90	94	92	88	90	95	95	83	91
Basic Earnings per Share	$0.52	$0.46	$0.52	$0.51	$0.52	$0.46	$0.52	$0.52	$0.52	$0.42	$0.50
Weighted Average Basic Shares Outstanding	573.47M	572.71M	572.74M	572.58M	572.34M	571.27M	571.37M	571.14M	570.93M	573.78M	573.02M
Diluted Earnings per Share	$0.52	$0.45	$0.52	$0.51	$0.52	$0.46	$0.52	$0.52	$0.52	$0.42	$0.50
Weighted Average Diluted Shares Outstanding	574.76M	574.28M	574.18M	574.11M	574.09M	573.01M	573.10M	572.89M	572.63M	575.62M	574.74M
Weighted Average Basic & Diluted Shares Outstanding	573.62M	573.42M	572.89M	572.65M	572.55M	572.23M	571.41M	571.33M	571.04M	570.83M	572.76M
Cash Dividends to Common per Share	$0.43	-	$0.39	$0.39	$0.39	-	$0.35	$0.35	$0.35	-	$0.31

This table details how cash moves in and out of Fastenal's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	35	-8.80	-6.10	-9.50	71	7.70	50	4.20	-16	15
Net Cash From Operating Activities	1,173	1,433	941	770	1,102	843	674	585	520	550
Net Cash From Continuing Operating Activities	1,173	1,433	941	770	1,102	843	674	585	520	550
Net Income / (Loss) Continuing Operations	1,151	1,155	1,087	925	859	791	752	579	499	516
Consolidated Net Income / (Loss)	1,151	1,155	1,087	925	859	791	752	579	499	516
Depreciation Expense	165	167	166	160	153	145	134	124	104	86
Amortization Expense	11	11	11	11	9.10	4.10	4.10	3.80	0.50	0.50
Non-Cash Adjustments To Reconcile Net Income	5.50	5.20	6.50	7.00	12	10	13	12	12	13
Changes in Operating Assets and Liabilities, net	-158	95	-329	-333	69	-107	-229	-133	-96	-66
Net Cash From Investing Activities	-215	-161	-163	-149	-282	-240	-174	-179	-188	-181
Net Cash From Continuing Investing Activities	-215	-161	-163	-149	-282	-240	-174	-179	-188	-181
Purchase of Property, Plant & Equipment	-227	-173	-174	-157	-168	-246	-176	-120	-190	-155
Sale of Property, Plant & Equipment	12	12	11	8.40	11	6.60	9.50	7.40	6.50	9.90
Other Investing Activities, net	-0.40	-0.60	-0.60	-0.30	0.80	0.10	-3.40	-8.10	-5.10	-12
Net Cash From Financing Activities	-914	-1,282	-775	-627	-754	-595	-447	-407	-347	-341
Net Cash From Continuing Financing Activities	-914	-1,282	-775	-627	-754	-595	-447	-407	-347	-341
Repayment of Debt	-835	-1,175	-1,630	-540	-940	-1,065	-895	-980	-920	-955
Repurchase of Common Equity	0.00	0.00	-238	0.00	-52	0.00	-103	-83	-60	-293
Payment of Dividends	-893	-1,017	-711	-644	-803	-499	-442	-369	-347	-327
Issuance of Debt	775	880	1,795	525	1,000	910	980	1,015	950	1,215
Other Financing Activities, net	40	30	9.20	32	41	59	13	9.50	29	19
Effect of Exchange Rate Changes	-11	1.40	-9.20	-4.00	5.10	-0.20	-3.50	5.50	-1.30	-14
Cash Interest Paid	7.80	12	13	9.90	8.40	14	13	8.70	6.20	3.10
Cash Income Taxes Paid	357	383	354	294	260	243	215	304	248	327

This table details how cash moves in and out of Fastenal's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-24	-36	37	18	16	-76	54	3.80	9.70	-1.40	-16
Net Cash From Operating Activities	262	283	297	258	336	354	388	302	389	302	258
Net Cash From Continuing Operating Activities	262	283	297	258	336	350	393	302	389	302	258
Net Income / (Loss) Continuing Operations	299	262	298	293	298	266	296	298	295	246	285
Consolidated Net Income / (Loss)	299	262	298	293	298	266	296	298	295	246	285
Depreciation Expense	42	42	42	41	40	41	42	42	42	42	41
Amortization Expense	2.70	2.70	2.60	2.70	2.70	2.70	2.60	2.70	2.70	2.60	2.70
Non-Cash Adjustments To Reconcile Net Income	3.50	2.70	1.10	1.20	0.50	0.90	1.50	2.90	-0.10	1.80	-1.00
Changes in Operating Assets and Liabilities, net	-85	-26	-47	-80	-5.50	39	51	-44	49	9.80	-70
Net Cash From Investing Activities	-54	-58	-56	-53	-48	-33	-43	-54	-31	-41	-45
Net Cash From Continuing Investing Activities	-54	-58	-56	-53	-48	-33	-43	-54	-31	-41	-45
Purchase of Property, Plant & Equipment	-56	-60	-59	-56	-51	-36	-47	-56	-34	-43	-48
Sale of Property, Plant & Equipment	1.90	2.80	3.60	3.50	2.50	3.40	4.00	2.00	2.80	1.30	3.60
Other Investing Activities, net	0.00	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	-0.30	-0.10	0.10	-0.10
Net Cash From Financing Activities	-236	-250	-211	-186	-267	-403	-287	-243	-349	-269	-221
Net Cash From Continuing Financing Activities	-236	-250	-211	-186	-267	-403	-287	-243	-349	-269	-221
Repayment of Debt	-155	-225	-200	-190	-220	-90	-245	-455	-385	-405	-645
Payment of Dividends	-247	-223	-223	-223	-223	-417	-200	-200	-200	-177	-178
Issuance of Debt	155	185	205	225	160	90	155	405	230	405	695
Other Financing Activities, net	11	13	7.70	2.80	16	15	2.90	6.60	5.90	1.40	2.00
Effect of Exchange Rate Changes	3.10	-12	6.40	-1.40	-4.00	5.40	-4.30	-0.80	1.10	6.80	-9.00
Cash Interest Paid	1.50	1.80	1.80	1.80	2.40	1.90	2.10	3.10	5.10	4.10	4.20
Cash Income Taxes Paid	22	87	88	166	16	95	94	184	9.70	97	82

This table presents Fastenal's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	4,698	4,463	4,549	4,299	3,965	3,800	3,322	2,911	2,669	2,532
Total Current Assets	3,212	3,021	3,125	2,857	2,500	2,457	2,316	1,936	1,721	1,665
Cash & Equivalents	256	221	230	236	246	175	167	117	113	129
Accounts Receivable	1,109	1,088	1,013	900	769	742	714	608	500	468
Inventories, net	1,645	1,523	1,708	1,524	1,338	1,366	1,279	1,093	993	913
Current Deferred & Refundable Income Taxes	19	18	8.10	8.50	6.70	17	9.00	0.00	13	23
Other Current Assets	184	172	165	188	140	157	147	118	103	132
Plant, Property, & Equipment, net	1,057	1,011	1,010	1,019	1,031	1,023	925	894	900	819
Total Noncurrent Assets	430	431	414	423	434	320	81	81	48	49
Other Noncurrent Operating Assets	430	431	414	423	434	320	81	81	48	49
Total Liabilities & Shareholders' Equity	4,698	4,463	4,549	4,299	3,965	3,800	3,322	2,911	2,669	2,532
Total Liabilities	1,082	1,114	1,385	1,257	1,232	1,134	1,019	814	736	731
Total Current Liabilities	687	661	790	682	613	545	437	351	276	373
Short-Term Debt	75	60	202	60	40	3.00	3.00	3.00	11	62
Accounts Payable	288	264	255	233	207	193	194	148	109	126
Accrued Expenses	226	241	241	298	272	252	241	194	156	185
Other Current Liabilities	99	96	92	91	94	97	0.00	-	-	-
Total Noncurrent Liabilities	395	453	596	575	619	590	581	463	460	358
Long-Term Debt	125	200	353	330	365	342	497	412	380	303
Noncurrent Deferred & Payable Income Tax Liabilities	69	73	84	89	102	99	84	51	81	55
Other Noncurrent Operating Liabilities	201	180	159	156	152	148	0.00	-	-	-
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,616	3,349	3,163	3,042	2,733	2,666	2,303	2,097	1,933	1,801
Total Preferred & Common Equity	3,616	3,349	3,163	3,042	2,733	2,666	2,303	2,097	1,933	1,801
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,616	3,349	3,163	3,042	2,733	2,666	2,303	2,097	1,933	1,801
Common Stock	94	47	9.30	102	65	70	5.90	11	40	4.92
Retained Earnings	3,614	3,357	3,219	2,971	2,690	2,634	2,342	2,111	1,940	1,843
Accumulated Other Comprehensive Income / (Loss)	-92	-55	-65	-31	-21	-38	-45	-25	-47	-46

This table presents Fastenal's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Total Assets	4,871	4,698	4,738	4,604	4,533	4,463	4,597	4,577	4,577	4,549	4,627
Total Current Assets	3,358	3,212	3,261	3,147	3,084	3,021	3,148	3,137	3,162	3,125	3,196
Cash & Equivalents	232	256	292	256	237	221	298	244	240	230	232
Accounts Receivable	1,279	1,109	1,201	1,205	1,213	1,088	1,171	1,172	1,150	1,013	1,111
Inventories, net	1,674	1,645	1,560	1,505	1,496	1,523	1,514	1,565	1,652	1,708	1,678
Current Deferred & Refundable Income Taxes	0.00	19	17	17	0.00	18	15	15	0.00	8.10	3.20
Other Current Assets	174	184	191	165	137	172	150	142	120	165	172
Plant, Property, & Equipment, net	1,076	1,057	1,044	1,026	1,013	1,011	1,012	1,010	1,004	1,010	1,009
Total Noncurrent Assets	437	430	434	431	436	431	437	430	412	414	423
Other Noncurrent Operating Assets	437	430	434	431	436	431	437	430	412	414	423
Total Liabilities & Shareholders' Equity	4,871	4,698	4,738	4,604	4,533	4,463	4,597	4,577	4,577	4,549	4,627
Total Liabilities	1,181	1,082	1,141	1,108	1,104	1,114	1,130	1,196	1,306	1,385	1,466
Total Current Liabilities	785	687	742	717	638	661	668	737	863	790	803
Short-Term Debt	75	75	115	110	0.00	60	60	150	200	202	150
Accounts Payable	341	288	302	293	276	264	275	262	267	255	277
Accrued Expenses	216	226	226	216	208	241	236	230	229	241	282
Current Deferred & Payable Income Tax Liabilities	52	-	-	-	57	-	-	-	76	-	-
Other Current Liabilities	101	99	99	98	97	96	97	95	91	92	93
Total Noncurrent Liabilities	395	395	399	391	466	453	462	459	443	596	664
Long-Term Debt	125	125	125	125	200	200	200	200	200	353	405
Noncurrent Deferred & Payable Income Tax Liabilities	70	69	76	74	74	73	79	84	84	84	93
Other Noncurrent Operating Liabilities	201	201	199	192	192	180	183	175	159	159	166
Commitments & Contingencies	0.00	0.00	-	-	-	0.00	-	-	-	0.00	-
Total Equity & Noncontrolling Interests	3,690	3,616	3,597	3,496	3,429	3,349	3,467	3,381	3,271	3,163	3,161
Total Preferred & Common Equity	3,690	3,616	3,597	3,496	3,429	3,349	3,467	3,381	3,271	3,163	3,161
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,690	3,616	3,597	3,496	3,429	3,349	3,467	3,381	3,271	3,163	3,161
Common Stock	108	94	79	69	65	47	30	26	17	9.30	8.60
Retained Earnings	3,666	3,614	3,576	3,501	3,431	3,357	3,508	3,412	3,314	3,219	3,240
Accumulated Other Comprehensive Income / (Loss)	-83	-92	-57	-75	-67	-55	-72	-57	-61	-65	-87

This table displays calculated financial ratios and metrics derived from Fastenal's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.71%	5.24%	16.13%	6.44%	5.88%	7.42%	13.09%	10.82%	2.40%	3.63%
EBITDA Growth	-1.21%	4.65%	17.44%	6.43%	8.15%	6.02%	12.70%	12.16%	-1.70%	6.41%
EBIT Growth	-1.22%	5.17%	19.40%	6.62%	8.00%	5.80%	13.31%	10.81%	-3.98%	5.23%
NOPAT Growth	-0.69%	5.73%	17.68%	7.66%	8.10%	5.25%	30.26%	16.12%	-2.86%	4.82%
Net Income Growth	-0.38%	6.27%	17.50%	7.67%	8.62%	5.19%	29.95%	15.86%	-3.29%	4.50%
EPS Growth	-0.99%	6.88%	18.13%	7.38%	7.97%	5.34%	29.95%	15.86%	-2.26%	6.63%
Operating Cash Flow Growth	-18.11%	52.25%	22.19%	-30.11%	30.75%	24.99%	15.21%	12.56%	-5.52%	10.19%
Free Cash Flow Firm Growth	-22.34%	56.59%	28.02%	-22.29%	34.66%	15.41%	30.25%	21.09%	-11.15%	17.11%
Invested Capital Growth	5.11%	-2.88%	9.14%	10.49%	2.00%	7.60%	10.04%	8.35%	8.50%	7.75%
Revenue Q/Q Growth	0.88%	0.87%	2.40%	2.98%	1.46%	0.86%	2.97%	3.31%	0.64%	-0.09%
EBITDA Q/Q Growth	-0.47%	1.15%	2.08%	2.82%	2.32%	0.63%	3.05%	2.44%	0.75%	-0.32%
EBIT Q/Q Growth	-0.60%	1.39%	2.26%	3.09%	2.28%	0.52%	3.11%	2.42%	0.42%	-1.17%
NOPAT Q/Q Growth	-0.31%	1.48%	1.49%	3.93%	2.02%	1.15%	2.31%	7.02%	0.67%	-1.15%
Net Income Q/Q Growth	-0.37%	1.83%	1.34%	3.94%	2.07%	1.27%	2.23%	6.95%	0.58%	-1.23%
EPS Q/Q Growth	-0.50%	2.02%	1.61%	3.23%	1.36%	1.47%	2.23%	6.95%	0.58%	0.00%
Operating Cash Flow Q/Q Growth	-5.72%	3.77%	18.29%	-17.61%	6.64%	9.68%	7.79%	-0.63%	-2.86%	-3.19%
Free Cash Flow Firm Q/Q Growth	-5.82%	5.17%	19.18%	-19.04%	10.92%	13.73%	3.93%	-4.91%	18.20%	-13.12%
Invested Capital Q/Q Growth	0.43%	-1.21%	0.10%	3.79%	-2.24%	-0.13%	2.31%	2.66%	0.14%	2.54%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.08%	45.66%	46.07%	46.20%	45.47%	47.16%	48.32%	49.28%	49.59%	50.37%
EBITDA Margin	22.34%	23.22%	23.35%	23.09%	23.09%	22.61%	22.91%	22.99%	22.71%	23.66%
Operating Margin	20.01%	20.81%	20.82%	20.25%	20.22%	19.82%	20.12%	20.08%	20.09%	21.42%
EBIT Margin	20.01%	20.81%	20.82%	20.25%	20.22%	19.82%	20.12%	20.08%	20.09%	21.42%
Profit (Net Income) Margin	15.25%	15.72%	15.57%	15.39%	15.21%	14.83%	15.14%	13.18%	12.60%	13.35%
Tax Burden Percent	76.29%	75.89%	75.48%	76.59%	75.85%	75.78%	76.18%	66.27%	63.24%	62.51%
Interest Burden Percent	99.87%	99.56%	99.06%	99.21%	99.20%	98.72%	98.78%	99.01%	99.23%	99.67%
Effective Tax Rate	23.71%	24.11%	24.52%	23.41%	24.15%	24.22%	23.82%	33.73%	36.76%	37.49%
Return on Invested Capital (ROIC)	33.16%	33.75%	32.83%	30.63%	30.24%	29.29%	30.26%	25.38%	23.70%	26.38%
ROIC Less NNEP Spread (ROIC-NNEP)	50.12%	30.95%	28.54%	25.93%	26.05%	25.22%	27.32%	23.37%	22.19%	24.78%
Return on Net Nonoperating Assets (RNNOA)	-0.12%	1.73%	2.20%	1.41%	1.59%	2.55%	3.92%	3.34%	3.05%	1.41%
Return on Equity (ROE)	33.04%	35.47%	35.03%	32.03%	31.83%	31.84%	34.18%	28.71%	26.75%	27.79%
Cash Return on Invested Capital (CROIC)	28.18%	36.67%	24.09%	20.66%	28.25%	21.97%	20.70%	17.36%	15.54%	18.92%
Operating Return on Assets (OROA)	32.97%	33.93%	32.86%	29.46%	29.41%	29.69%	32.07%	31.61%	30.60%	33.89%
Return on Assets (ROA)	25.12%	25.63%	24.57%	22.39%	22.13%	22.21%	24.13%	20.74%	19.20%	21.11%
Return on Common Equity (ROCE)	33.04%	35.47%	35.03%	32.03%	31.83%	31.84%	34.18%	28.71%	26.75%	27.79%
Return on Equity Simple (ROE_SIMPLE)	31.82%	34.49%	34.36%	30.41%	31.43%	29.67%	32.65%	27.59%	25.83%	28.67%
Net Operating Profit after Tax (NOPAT)	1,152	1,160	1,097	932	866	801	761	584	503	518
NOPAT Margin	15.27%	15.79%	15.72%	15.51%	15.33%	15.02%	15.33%	13.31%	12.70%	13.39%
Net Nonoperating Expense Percent (NNEP)	-16.95%	2.80%	4.29%	4.70%	4.19%	4.07%	2.95%	2.00%	1.50%	1.60%
Return On Investment Capital (ROIC_SIMPLE)	30.19%	32.15%	29.51%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	54.92%	54.34%	53.93%	53.80%	54.53%	52.84%	51.68%	50.72%	50.41%	49.63%
SG&A Expenses to Revenue	25.07%	24.85%	25.24%	25.95%	25.25%	27.34%	28.20%	29.22%	29.52%	28.99%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.07%	24.85%	25.24%	25.95%	25.25%	27.34%	28.19%	29.19%	29.51%	28.95%
Earnings before Interest and Taxes (EBIT)	1,510	1,529	1,454	1,217	1,142	1,057	999	882	796	829
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	1,685	1,706	1,630	1,388	1,304	1,206	1,137	1,009	900	915
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	11.33	10.75	8.07	11.26	9.33	7.00	5.59	6.25	5.69	5.17
Price to Tangible Book Value (P/TBV)	11.33	10.75	8.07	11.26	9.33	7.00	5.59	6.25	5.69	5.17
Price to Revenue (P/Rev)	5.43	4.90	3.66	5.70	4.52	3.50	2.59	2.98	2.78	2.41
Price to Earnings (P/E)	35.60	31.16	23.49	37.03	29.68	23.58	17.12	22.63	22.04	18.02
Dividend Yield	2.71%	2.83%	2.78%	2.55%	3.15%	2.68%	3.44%	2.81%	3.15%	3.49%
Earnings Yield	2.81%	3.21%	4.26%	2.70%	3.37%	4.24%	5.84%	4.42%	4.54%	5.55%
Enterprise Value to Invested Capital (EV/IC)	11.49	10.63	7.41	10.77	8.87	6.64	5.01	5.59	5.10	4.68
Enterprise Value to Revenue (EV/Rev)	5.42	4.90	3.70	5.72	4.54	3.53	2.66	3.05	2.85	2.47
Enterprise Value to EBITDA (EV/EBITDA)	24.27	21.12	15.86	24.79	19.68	15.61	11.61	13.27	12.54	10.42
Enterprise Value to EBIT (EV/EBIT)	27.09	23.57	17.79	28.26	22.47	17.80	13.21	15.19	14.18	11.51
Enterprise Value to NOPAT (EV/NOPAT)	35.51	31.05	23.56	36.90	29.63	23.49	17.34	22.92	22.42	18.42
Enterprise Value to Operating Cash Flow (EV/OCF)	34.86	25.15	27.47	44.68	23.29	22.34	19.58	22.89	21.70	17.34
Enterprise Value to Free Cash Flow (EV/FCFF)	41.78	28.58	32.11	54.71	31.71	31.32	25.36	33.50	34.18	25.68
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.06	0.08	0.18	0.13	0.15	0.13	0.22	0.20	0.20	0.20
Long-Term Debt to Equity	0.03	0.06	0.11	0.11	0.13	0.13	0.22	0.20	0.20	0.17
Financial Leverage	0.00	0.06	0.08	0.05	0.06	0.10	0.14	0.14	0.14	0.06
Leverage Ratio	1.32	1.38	1.43	1.43	1.44	1.43	1.42	1.38	1.39	1.32
Compound Leverage Factor	1.31	1.38	1.41	1.42	1.43	1.42	1.40	1.37	1.38	1.31
Debt to Total Capital	5.24%	7.20%	14.93%	11.36%	12.91%	11.46%	17.84%	16.52%	16.79%	16.85%
Short-Term Debt to Total Capital	1.97%	1.66%	5.43%	1.75%	1.27%	0.10%	0.11%	0.12%	0.45%	2.86%
Long-Term Debt to Total Capital	3.28%	5.54%	9.50%	9.61%	11.63%	11.36%	17.73%	16.40%	16.34%	13.98%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	94.76%	92.80%	85.07%	88.64%	87.09%	88.54%	82.16%	83.48%	83.21%	83.15%
Debt to EBITDA	0.12	0.15	0.34	0.28	0.31	0.29	0.44	0.41	0.43	0.40
Net Debt to EBITDA	-0.03	0.02	0.20	0.11	0.12	0.14	0.29	0.30	0.31	0.26
Long-Term Debt to EBITDA	0.07	0.12	0.22	0.24	0.28	0.28	0.44	0.41	0.42	0.33
Debt to NOPAT	0.17	0.22	0.51	0.42	0.47	0.43	0.66	0.71	0.78	0.70
Net Debt to NOPAT	-0.05	0.03	0.30	0.17	0.18	0.21	0.44	0.51	0.55	0.46
Long-Term Debt to NOPAT	0.11	0.17	0.32	0.35	0.42	0.43	0.65	0.71	0.75	0.58
Altman Z-Score	27.11	23.85	15.25	20.26	16.32	13.76	11.73	13.83	13.11	11.88
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.67	4.57	3.96	4.19	4.08	4.51	5.30	5.51	6.24	4.46
Quick Ratio	1.99	1.98	1.57	1.67	1.66	1.68	2.02	2.06	2.22	1.60
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	979	1,261	805	629	809	601	521	400	330	372
Operating Cash Flow to CapEx	548.01%	892.09%	579.43%	519.64%	699.56%	351.42%	404.20%	520.18%	284.10%	378.73%
Free Cash Flow to Firm to Interest Expense	134.12	116.73	56.30	64.83	83.42	43.23	41.32	43.93	50.79	119.85
Operating Cash Flow to Interest Expense	160.73	132.66	65.80	79.39	113.59	60.63	53.51	64.31	79.98	177.52
Operating Cash Flow Less CapEx to Interest Expense	131.40	117.79	54.45	64.11	97.35	43.37	40.27	51.95	51.83	130.65
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.65	1.63	1.58	1.45	1.45	1.50	1.59	1.57	1.52	1.58
Accounts Receivable Turnover	6.87	6.99	7.30	7.20	7.47	7.33	7.51	7.93	8.19	8.32
Inventory Turnover	2.62	2.47	2.33	2.26	2.28	2.13	2.16	2.14	2.10	2.15
Fixed Asset Turnover	7.30	7.27	6.88	5.86	5.50	5.48	5.46	4.90	4.61	4.89
Accounts Payable Turnover	15.02	15.38	15.43	14.70	15.41	14.59	15.05	17.38	17.01	16.71
Days Sales Outstanding (DSO)	53.12	52.19	50.02	50.69	48.84	49.82	48.60	46.04	44.59	43.89
Days Inventory Outstanding (DIO)	139.50	147.69	156.65	161.47	160.24	171.28	168.66	170.94	174.19	169.40
Days Payable Outstanding (DPO)	24.30	23.73	23.66	24.84	23.69	25.02	24.26	21.00	21.45	21.85
Cash Conversion Cycle (CCC)	168.32	176.14	183.02	187.33	185.38	196.09	193.00	195.98	197.33	191.44
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,561	3,388	3,488	3,196	2,893	2,836	2,636	2,395	2,210	2,037
Invested Capital Turnover	2.17	2.14	2.09	1.97	1.97	1.95	1.97	1.91	1.87	1.97
Increase / (Decrease) in Invested Capital	173	-101	292	304	57	200	241	185	173	147
Enterprise Value (EV)	40,904	36,026	25,852	34,407	25,661	18,822	13,202	13,393	11,283	9,542
Market Capitalization	40,960	35,987	25,528	34,253	25,502	18,652	12,870	13,095	11,006	9,306
Book Value per Share	$6.31	$5.86	$5.52	$5.29	$4.76	$4.65	$8.02	$7.30	$6.69	$6.22
Tangible Book Value per Share	$6.31	$5.86	$5.52	$5.29	$4.76	$4.65	$8.02	$7.30	$6.69	$6.22
Total Capital	3,816	3,609	3,718	3,432	3,138	3,011	2,803	2,512	2,323	2,166
Total Debt	200	260	555	390	405	345	500	415	390	365
Total Long-Term Debt	125	200	353	330	365	342	497	412	380	303
Net Debt	-56	39	325	154	159	170	333	298	277	236
Capital Expenditures (CapEx)	214	161	162	148	158	240	167	113	183	145
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,344	2,198	2,307	1,998	1,681	1,741	1,715	1,471	1,343	1,225
Debt-free Net Working Capital (DFNWC)	2,600	2,420	2,537	2,234	1,927	1,916	1,882	1,588	1,456	1,354
Net Working Capital (NWC)	2,525	2,360	2,335	2,174	1,887	1,913	1,879	1,585	1,445	1,292
Net Nonoperating Expense (NNE)	1.45	5.08	10	7.35	6.90	10	9.29	5.77	3.86	1.69
Net Nonoperating Obligations (NNO)	-56	39	325	154	159	170	333	298	277	236
Total Depreciation and Amortization (D&A)	175	177	177	171	162	149	138	127	104	87
Debt-free, Cash-free Net Working Capital to Revenue	31.06%	29.92%	33.04%	33.24%	29.77%	32.63%	34.53%	33.50%	33.89%	31.65%
Debt-free Net Working Capital to Revenue	34.45%	32.93%	36.34%	37.17%	34.12%	35.91%	37.90%	36.16%	36.74%	34.99%
Net Working Capital to Revenue	33.46%	32.12%	33.45%	36.17%	33.41%	35.86%	37.84%	36.09%	36.47%	33.38%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$2.01	$2.02	$1.89	$1.61	$1.50	$1.38	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	572.71M	571.27M	573.78M	574.81M	573.78M	573.20M	0.00	0.00	0.00	0.00
Adjusted Diluted Earnings per Share	$2.00	$2.02	$1.89	$1.60	$1.49	$1.38	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	574.28M	573.01M	575.62M	577.12M	575.67M	574.40M	0.00	0.00	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	573.42M	572.23M	570.83M	575.55M	574.32M	574.23M	0.00	0.00	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	1,152	1,160	1,097	932	866	801	761	584	503	517
Normalized NOPAT Margin	15.27%	15.79%	15.72%	15.51%	15.33%	15.02%	15.32%	13.29%	12.69%	13.37%
Pre Tax Income Margin	19.99%	20.72%	20.63%	20.09%	20.06%	19.57%	19.88%	19.89%	19.93%	21.35%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	206.85	141.55	101.65	125.51	117.71	76.06	79.30	96.90	122.43	267.35
NOPAT to Interest Expense	157.82	107.42	76.72	96.12	89.28	57.64	60.41	64.22	77.42	167.13
EBIT Less CapEx to Interest Expense	177.52	126.68	90.29	110.23	101.47	58.81	66.06	84.54	94.28	220.48
NOPAT Less CapEx to Interest Expense	128.49	92.54	65.37	80.84	73.04	40.38	47.17	51.85	49.27	120.25
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	77.64%	88.03%	65.44%	69.59%	93.52%	63.04%	58.77%	63.79%	69.40%	63.34%
Augmented Payout Ratio	77.64%	88.03%	87.32%	69.59%	99.57%	63.04%	72.47%	78.07%	81.32%	120.06%

This table displays calculated financial ratios and metrics derived from Fastenal's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.39%	3.75%	3.48%	1.76%	1.94%	3.72%	2.41%	5.88%	9.10%	10.67%	15.97%
EBITDA Growth	1.27%	-1.99%	0.26%	-2.09%	-1.05%	5.14%	1.91%	2.93%	8.91%	9.64%	17.19%
EBIT Growth	0.95%	-2.57%	0.36%	-2.03%	-0.76%	6.28%	1.98%	3.00%	9.83%	10.67%	19.10%
NOPAT Growth	0.44%	-1.36%	0.67%	-2.22%	0.09%	6.82%	3.11%	3.67%	9.73%	6.93%	17.24%
Net Income Growth	0.34%	-1.61%	0.88%	-1.78%	0.88%	8.47%	3.83%	3.80%	9.46%	6.23%	16.88%
EPS Growth	0.00%	-2.17%	0.00%	-1.92%	0.00%	9.52%	4.00%	4.00%	10.64%	7.69%	19.05%
Operating Cash Flow Growth	-21.87%	-20.11%	-23.50%	-14.60%	-13.62%	17.26%	50.48%	99.80%	68.91%	93.03%	54.06%
Free Cash Flow Firm Growth	-90.23%	-75.60%	-48.20%	22.88%	140.93%	953.11%	398.53%	235.96%	197.28%	39.05%	-194.45%
Invested Capital Growth	7.85%	5.11%	3.39%	-0.35%	-1.13%	-2.88%	-1.60%	1.50%	4.83%	9.14%	13.17%
Revenue Q/Q Growth	7.39%	-4.49%	-0.31%	1.11%	7.76%	-4.73%	-1.98%	1.29%	9.65%	-5.93%	1.34%
EBITDA Q/Q Growth	12.69%	-10.01%	0.44%	-0.58%	9.07%	-7.95%	-1.91%	0.48%	15.89%	-10.77%	-0.94%
EBIT Q/Q Growth	14.24%	-11.16%	0.31%	-0.85%	10.26%	-8.48%	-2.08%	0.43%	18.08%	-12.18%	-1.10%
NOPAT Q/Q Growth	14.03%	-12.06%	1.84%	-1.65%	11.99%	-10.25%	-1.08%	0.67%	19.52%	-13.37%	-0.55%
Net Income Q/Q Growth	13.96%	-12.08%	1.84%	-1.68%	11.75%	-9.85%	-0.84%	0.98%	20.15%	-13.70%	-0.87%
EPS Q/Q Growth	15.56%	-13.46%	1.96%	-1.92%	13.04%	-11.54%	0.00%	0.00%	23.81%	-16.00%	0.00%
Operating Cash Flow Q/Q Growth	-7.28%	-4.75%	15.08%	-23.12%	-5.20%	-8.79%	28.47%	-22.24%	28.69%	17.06%	70.57%
Free Cash Flow Firm Q/Q Growth	-63.22%	-50.94%	-40.24%	-9.36%	-8.18%	4.15%	41.78%	77.71%	425.12%	63.56%	35.43%
Invested Capital Q/Q Growth	2.75%	0.43%	2.02%	2.45%	0.14%	-1.21%	-1.67%	1.64%	-1.64%	0.10%	1.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.11%	44.85%	44.95%	45.06%	45.46%	45.46%	45.92%	45.54%	45.72%	45.32%	45.86%
EBITDA Margin	22.38%	21.33%	22.64%	22.47%	22.85%	22.58%	23.37%	23.36%	23.54%	22.28%	23.49%
Operating Margin	20.10%	18.90%	20.32%	20.19%	20.59%	20.12%	20.95%	20.97%	21.15%	19.64%	21.04%
EBIT Margin	20.10%	18.90%	20.32%	20.19%	20.59%	20.12%	20.95%	20.97%	21.15%	19.64%	21.04%
Profit (Net Income) Margin	15.24%	14.37%	15.61%	15.28%	15.71%	15.15%	16.01%	15.83%	15.87%	14.49%	15.79%
Tax Burden Percent	75.99%	76.13%	76.91%	75.75%	76.37%	75.19%	76.67%	75.90%	75.72%	74.81%	75.83%
Interest Burden Percent	99.80%	99.86%	99.87%	99.87%	99.90%	100.11%	99.66%	99.42%	99.11%	98.59%	98.97%
Effective Tax Rate	24.01%	23.87%	23.09%	24.25%	23.63%	24.81%	23.33%	24.10%	24.28%	25.19%	24.17%
Return on Invested Capital (ROIC)	32.98%	31.25%	33.52%	32.58%	34.03%	32.34%	33.84%	33.29%	34.10%	30.69%	33.14%
ROIC Less NNEP Spread (ROIC-NNEP)	34.74%	35.70%	34.38%	31.70%	33.53%	32.50%	33.15%	32.33%	32.27%	29.22%	31.79%
Return on Net Nonoperating Assets (RNNOA)	-0.34%	-0.09%	-0.44%	0.40%	0.62%	1.81%	1.43%	1.79%	1.46%	2.25%	2.27%
Return on Equity (ROE)	32.64%	31.16%	33.08%	32.98%	34.65%	34.15%	35.27%	35.09%	35.56%	32.94%	35.41%
Cash Return on Invested Capital (CROIC)	25.16%	28.18%	29.81%	33.49%	35.15%	36.67%	34.68%	31.28%	28.81%	24.09%	20.58%
Operating Return on Assets (OROA)	32.54%	31.13%	32.56%	32.62%	33.37%	32.81%	33.08%	33.12%	33.38%	30.99%	32.41%
Return on Assets (ROA)	24.67%	23.67%	25.01%	24.68%	25.46%	24.70%	25.28%	24.99%	25.05%	22.86%	24.33%
Return on Common Equity (ROCE)	32.64%	31.16%	33.08%	32.98%	34.65%	34.15%	35.27%	35.09%	35.56%	32.94%	35.41%
Return on Equity Simple (ROE_SIMPLE)	31.21%	0.00%	32.10%	32.96%	33.76%	0.00%	32.72%	33.23%	34.01%	0.00%	33.93%
Net Operating Profit after Tax (NOPAT)	299	262	298	293	298	266	296	300	298	249	288
NOPAT Margin	15.28%	14.39%	15.63%	15.29%	15.73%	15.13%	16.06%	15.92%	16.02%	14.69%	15.95%
Net Nonoperating Expense Percent (NNEP)	-1.76%	-4.45%	-0.86%	0.88%	0.50%	-0.17%	0.70%	0.96%	1.82%	1.47%	1.35%
Return On Investment Capital (ROIC_SIMPLE)	7.69%	6.88%	-	-	-	7.37%	-	-	-	6.70%	-
Cost of Revenue to Revenue	54.89%	55.15%	55.05%	54.94%	54.54%	54.54%	54.08%	54.46%	54.28%	54.68%	54.14%
SG&A Expenses to Revenue	25.01%	25.95%	24.63%	24.87%	24.87%	25.33%	24.97%	24.57%	24.57%	25.68%	24.82%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	25.01%	25.95%	24.63%	24.87%	24.87%	25.33%	24.97%	24.57%	24.57%	25.68%	24.82%
Earnings before Interest and Taxes (EBIT)	394	345	388	387	390	354	387	395	393	333	379
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	439	389	433	431	433	397	431	440	438	378	423
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	12.05	11.33	11.37	10.23	12.71	10.75	8.74	9.62	9.03	8.07	7.92
Price to Tangible Book Value (P/TBV)	12.05	11.33	11.37	10.23	12.71	10.75	8.74	9.62	9.03	8.07	7.92
Price to Revenue (P/Rev)	5.84	5.43	5.47	4.82	5.90	4.90	4.16	4.49	4.14	3.66	3.67
Price to Earnings (P/E)	38.61	35.60	35.41	31.05	37.64	31.16	26.72	28.94	26.54	23.49	23.34
Dividend Yield	2.06%	2.71%	2.66%	2.98%	2.39%	2.83%	2.56%	2.32%	2.47%	2.78%	2.78%
Earnings Yield	2.59%	2.81%	2.82%	3.22%	2.66%	3.21%	3.74%	3.46%	3.77%	4.26%	4.29%
Enterprise Value to Invested Capital (EV/IC)	12.15	11.49	11.52	10.29	12.84	10.63	8.83	9.35	8.65	7.41	7.28
Enterprise Value to Revenue (EV/Rev)	5.84	5.42	5.46	4.82	5.90	4.90	4.16	4.51	4.16	3.70	3.72
Enterprise Value to EBITDA (EV/EBITDA)	26.28	24.27	24.12	21.13	25.59	21.12	17.95	19.43	17.82	15.86	15.87
Enterprise Value to EBIT (EV/EBIT)	29.36	27.09	26.89	23.56	28.54	23.57	20.08	21.74	19.94	17.79	17.83
Enterprise Value to NOPAT (EV/NOPAT)	38.53	35.51	35.34	30.99	37.52	31.05	26.48	28.76	26.42	23.56	23.45
Enterprise Value to Operating Cash Flow (EV/OCF)	40.40	34.86	32.82	26.77	31.56	25.15	21.93	26.09	27.00	27.47	31.87
Enterprise Value to Free Cash Flow (EV/FCFF)	50.10	41.78	39.29	30.67	36.31	28.58	25.25	30.12	30.74	32.11	37.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.05	0.06	0.07	0.07	0.06	0.08	0.08	0.10	0.12	0.18	0.18
Long-Term Debt to Equity	0.03	0.03	0.03	0.04	0.06	0.06	0.06	0.06	0.06	0.11	0.13
Financial Leverage	-0.01	0.00	-0.01	0.01	0.02	0.06	0.04	0.06	0.05	0.08	0.07
Leverage Ratio	1.32	1.32	1.32	1.34	1.36	1.38	1.39	1.40	1.41	1.43	1.44
Compound Leverage Factor	1.32	1.31	1.32	1.33	1.36	1.39	1.39	1.39	1.40	1.41	1.43
Debt to Total Capital	5.14%	5.24%	6.25%	6.30%	5.51%	7.20%	6.98%	9.38%	10.90%	14.93%	14.93%
Short-Term Debt to Total Capital	1.93%	1.97%	3.00%	2.95%	0.00%	1.66%	1.61%	4.02%	5.45%	5.43%	4.04%
Long-Term Debt to Total Capital	3.21%	3.28%	3.26%	3.35%	5.51%	5.54%	5.37%	5.36%	5.45%	9.50%	10.89%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	94.86%	94.76%	93.75%	93.70%	94.49%	92.80%	93.02%	90.62%	89.10%	85.07%	85.07%
Debt to EBITDA	0.12	0.12	0.14	0.14	0.12	0.15	0.15	0.21	0.24	0.34	0.35
Net Debt to EBITDA	-0.02	-0.03	-0.03	-0.01	-0.02	0.02	-0.02	0.06	0.10	0.20	0.20
Long-Term Debt to EBITDA	0.07	0.07	0.07	0.07	0.12	0.12	0.12	0.12	0.12	0.22	0.25
Debt to NOPAT	0.17	0.17	0.21	0.20	0.17	0.22	0.23	0.31	0.36	0.51	0.51
Net Debt to NOPAT	-0.03	-0.05	-0.05	-0.02	-0.03	0.03	-0.03	0.09	0.14	0.30	0.30
Long-Term Debt to NOPAT	0.11	0.11	0.11	0.11	0.17	0.17	0.18	0.18	0.18	0.32	0.37
Altman Z-Score	26.12	26.29	25.05	22.96	27.31	22.98	19.67	19.85	17.02	14.44	13.59
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.28	4.67	4.40	4.39	4.83	4.57	4.71	4.26	3.66	3.96	3.98
Quick Ratio	1.92	1.99	2.01	2.04	2.27	1.98	2.20	1.92	1.61	1.57	1.67
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	33	89	182	305	337	367	352	248	140	-43	-118
Operating Cash Flow to CapEx	487.36%	492.68%	532.08%	490.49%	694.82%	1,075.99%	904.66%	560.48%	1,257.28%	727.47%	580.86%
Free Cash Flow to Firm to Interest Expense	19.36	52.64	101.32	169.54	168.35	193.00	167.67	85.64	35.83	-8.60	-28.77
Operating Cash Flow to Interest Expense	154.24	166.35	164.94	143.33	167.80	186.32	184.81	104.17	99.62	60.38	62.90
Operating Cash Flow Less CapEx to Interest Expense	122.59	132.59	133.94	114.11	143.65	169.00	164.38	85.59	91.69	52.08	52.07
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.62	1.65	1.60	1.62	1.62	1.63	1.58	1.58	1.58	1.58	1.54
Accounts Receivable Turnover	6.11	6.87	6.31	6.24	6.25	6.99	6.38	6.36	6.42	7.30	6.62
Inventory Turnover	2.64	2.62	2.67	2.63	2.55	2.47	2.48	2.44	2.38	2.33	2.38
Fixed Asset Turnover	7.29	7.30	7.28	7.28	7.32	7.27	7.21	7.17	7.09	6.88	6.72
Accounts Payable Turnover	13.57	15.02	14.21	14.58	14.80	15.38	14.34	14.22	13.88	15.43	13.69
Days Sales Outstanding (DSO)	59.76	53.12	57.86	58.48	58.41	52.19	57.17	57.36	56.81	50.02	55.15
Days Inventory Outstanding (DIO)	138.21	139.50	136.90	138.56	143.04	147.69	147.10	149.73	153.66	156.65	153.67
Days Payable Outstanding (DPO)	26.90	24.30	25.69	25.03	24.66	23.73	25.45	25.67	26.30	23.66	26.66
Cash Conversion Cycle (CCC)	171.06	168.32	169.07	172.01	176.79	176.14	178.81	181.42	184.18	183.02	182.17
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,659	3,561	3,545	3,475	3,392	3,388	3,429	3,487	3,431	3,488	3,485
Invested Capital Turnover	2.16	2.17	2.15	2.13	2.16	2.14	2.11	2.09	2.13	2.09	2.08
Increase / (Decrease) in Invested Capital	266	173	116	-12	-39	-101	-56	51	158	292	406
Enterprise Value (EV)	44,437	40,904	40,846	35,755	43,540	36,026	30,274	32,619	29,684	25,852	25,352
Market Capitalization	44,469	40,960	40,898	35,776	43,577	35,987	30,311	32,512	29,524	25,528	25,028
Book Value per Share	$6.44	$6.31	$6.28	$6.11	$5.99	$5.86	$6.07	$5.92	$5.73	$5.52	$5.50
Tangible Book Value per Share	$6.44	$6.31	$6.28	$6.11	$5.99	$5.86	$6.07	$5.92	$5.73	$5.52	$5.50
Total Capital	3,890	3,816	3,837	3,731	3,629	3,609	3,727	3,731	3,671	3,718	3,716
Total Debt	200	200	240	235	200	260	260	350	400	555	555
Total Long-Term Debt	125	125	125	125	200	200	200	200	200	353	405
Net Debt	-32	-56	-52	-21	-37	39	-38	106	160	325	324
Capital Expenditures (CapEx)	54	57	56	53	48	33	43	54	31	42	44
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,416	2,344	2,342	2,284	2,209	2,198	2,242	2,307	2,259	2,307	2,312
Debt-free Net Working Capital (DFNWC)	2,648	2,600	2,634	2,540	2,446	2,420	2,540	2,550	2,498	2,537	2,543
Net Working Capital (NWC)	2,573	2,525	2,519	2,430	2,446	2,360	2,480	2,400	2,298	2,335	2,393
Net Nonoperating Expense (NNE)	0.61	0.38	0.38	0.38	0.31	-0.30	1.00	1.75	2.65	3.52	2.96
Net Nonoperating Obligations (NNO)	-32	-56	-52	-21	-37	39	-38	106	160	325	324
Total Depreciation and Amortization (D&A)	45	44	44	44	43	43	45	45	45	45	44
Debt-free, Cash-free Net Working Capital to Revenue	31.75%	31.06%	31.31%	30.80%	29.91%	29.92%	30.78%	31.86%	31.65%	33.04%	33.91%
Debt-free Net Working Capital to Revenue	34.79%	34.45%	35.21%	34.25%	33.13%	32.93%	34.87%	35.23%	35.01%	36.34%	37.31%
Net Working Capital to Revenue	33.81%	33.46%	33.67%	32.76%	33.13%	32.12%	34.05%	33.15%	32.21%	33.45%	35.10%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.52	$0.46	$0.52	$0.51	$0.52	$0.46	$0.52	$0.52	$0.52	$0.42	$0.50
Adjusted Weighted Average Basic Shares Outstanding	573.47M	572.71M	572.74M	572.58M	572.34M	571.27M	571.37M	571.14M	570.93M	573.78M	573.02M
Adjusted Diluted Earnings per Share	$0.52	$0.45	$0.52	$0.51	$0.52	$0.46	$0.52	$0.52	$0.52	$0.42	$0.50
Adjusted Weighted Average Diluted Shares Outstanding	574.76M	574.28M	574.18M	574.11M	574.09M	573.01M	573.10M	572.89M	572.63M	575.62M	574.74M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	573.62M	573.42M	572.89M	572.65M	572.55M	572.23M	571.41M	571.33M	571.04M	570.83M	572.76M
Normalized Net Operating Profit after Tax (NOPAT)	299	262	298	293	298	266	296	300	298	249	288
Normalized NOPAT Margin	15.28%	14.39%	15.63%	15.29%	15.73%	15.13%	16.06%	15.92%	16.02%	14.69%	15.95%
Pre Tax Income Margin	20.06%	18.87%	20.29%	20.16%	20.57%	20.15%	20.88%	20.85%	20.96%	19.36%	20.82%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	231.71	202.82	215.61	214.94	195.10	186.26	184.14	136.17	100.82	66.60	92.49
NOPAT to Interest Expense	176.06	154.40	165.82	162.82	149.00	140.05	141.19	103.36	76.35	49.82	70.14
EBIT Less CapEx to Interest Expense	200.06	169.06	184.61	185.72	170.95	168.95	163.71	117.59	92.90	58.30	81.66
NOPAT Less CapEx to Interest Expense	144.42	120.64	134.82	133.60	124.85	122.74	120.76	84.77	68.42	41.52	59.31
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	79.61%	77.64%	94.14%	92.30%	89.86%	88.03%	68.45%	67.13%	65.87%	65.44%	64.85%
Augmented Payout Ratio	79.61%	77.64%	94.14%	92.30%	89.86%	88.03%	68.45%	67.13%	65.87%	87.32%	78.33%

Frequently Asked Questions About Fastenal's Financials

When does Fastenal's financial year end?

According to the most recent income statement we have on file, Fastenal's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Fastenal's net income changed over the last 9 years?

Fastenal's net income appears to be on an upward trend, with a most recent value of $1.15 billion in 2024, rising from $516.40 million in 2015. The previous period was $1.16 billion in 2023. Check out Fastenal's forecast to explore projected trends and price targets.

What is Fastenal's operating income?

Fastenal's total operating income in 2024 was $1.51 billion, based on the following breakdown:

Total Gross Profit: $3.40 billion
Total Operating Expenses: $1.89 billion

How has Fastenal revenue changed over the last 9 years?

Over the last 9 years, Fastenal's total revenue changed from $3.87 billion in 2015 to $7.55 billion in 2024, a change of 95.0%.

How much debt does Fastenal have?

Fastenal's total liabilities were at $1.08 billion at the end of 2024, a 2.9% decrease from 2023, and a 47.9% increase since 2015.

How much cash does Fastenal have?

In the past 9 years, Fastenal's cash and equivalents has ranged from $112.70 million in 2016 to $255.80 million in 2024, and is currently $255.80 million as of their latest financial filing in 2024.

How has Fastenal's book value per share changed over the last 9 years?

Over the last 9 years, Fastenal's book value per share changed from 6.22 in 2015 to 6.31 in 2024, a change of 1.5%.

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This page (NASDAQ:FAST) was last updated on 5/21/2025 by MarketBeat.com Staff

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Fastenal (FAST) Financials

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