Fastenal (FAST) Financials

$43.30 -0.87 (-1.97%)

Closing price 04:00 PM Eastern

Extended Trading

$43.32 +0.02 (+0.06%)

As of 07:46 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	516	499	579	752	791	859	925	1,087	1,155	1,151	1,258
Consolidated Net Income / (Loss)	516	499	579	752	791	859	925	1,087	1,155	1,151	1,258
Net Income / (Loss) Continuing Operations	516	499	579	752	791	859	925	1,087	1,155	1,151	1,258
Total Pre-Tax Income	826	790	873	987	1,044	1,133	1,208	1,440	1,522	1,508	1,655
Total Operating Income	829	796	882	999	1,057	1,142	1,217	1,454	1,529	1,510	1,656
Total Gross Profit	1,949	1,965	2,164	2,399	2,515	2,568	2,777	3,216	3,355	3,402	3,691
Total Revenue	3,869	3,962	4,391	4,965	5,334	5,647	6,011	6,981	7,347	7,546	8,201
Operating Revenue	3,869	3,962	4,391	4,965	5,334	5,647	6,011	6,981	7,347	7,546	8,201
Total Cost of Revenue	1,920	1,997	2,227	2,566	2,818	3,080	3,234	3,765	3,992	4,144	4,509
Operating Cost of Revenue	1,920	1,997	2,227	2,566	2,818	3,080	3,234	3,765	3,992	4,144	4,509
Total Operating Expenses	1,120	1,169	1,282	1,400	1,458	1,426	1,560	1,762	1,826	1,892	2,036
Selling, General & Admin Expense	1,122	1,170	1,283	1,400	1,458	1,426	1,560	1,762	1,826	1,892	2,036
Total Other Income / (Expense), net	-2.70	-6.10	-8.70	-12	-14	-9.10	-9.60	-14	-6.70	-1.90	-0.70
Interest Expense	3.10	6.50	9.10	13	14	9.70	9.70	14	11	7.30	6.20
Interest & Investment Income	0.40	0.40	0.40	0.40	0.40	0.60	0.10	0.70	4.10	5.40	5.50
Income Tax Expense	310	290	295	235	253	274	283	353	367	358	397
Basic Earnings per Share	$1.77	$1.73	$1.00	$1.31	$1.38	$1.50	$1.61	$1.89	$1.01	$1.00	$1.10
Weighted Average Basic Shares Outstanding	291.45M	288.95M	576.40M	573.93M	573.20M	573.78M	574.81M	573.78M	1.14B	1.15B	1.15B
Diluted Earnings per Share	$1.77	$1.73	$1.00	$1.31	$1.38	$1.49	$1.60	$1.89	$1.01	$1.00	$1.09
Weighted Average Diluted Shares Outstanding	292.05M	289.16M	576.70M	574.33M	574.44M	575.67M	577.12M	575.62M	1.15B	1.15B	1.15B
Weighted Average Basic & Diluted Shares Outstanding	288.40M	289.25M	287.90M	285.93M	574.23M	574.32M	575.55M	570.83M	572.23M	573.42M	1.15B
Cash Dividends to Common per Share	-	-	$1.28	$1.54	$0.87	$1.40	$1.12	$1.24	-	-	$0.88

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Income / (Loss) Attributable to Common Shareholders	296	266	298	293	298	262	299	330	336	294	340
Consolidated Net Income / (Loss)	296	266	298	293	298	262	299	330	336	294	340
Net Income / (Loss) Continuing Operations	296	266	298	293	298	262	299	330	336	294	340
Total Pre-Tax Income	385	354	390	386	388	344	393	437	441	385	448
Total Operating Income	387	354	390	387	388	345	394	436	442	384	448
Total Gross Profit	848	799	862	864	859	818	884	943	966	899	983
Total Revenue	1,846	1,759	1,895	1,916	1,910	1,825	1,959	2,080	2,133	2,028	2,202
Operating Revenue	1,846	1,759	1,895	1,916	1,910	1,825	1,959	2,080	2,133	2,028	2,202
Total Cost of Revenue	998	959	1,034	1,053	1,052	1,006	1,076	1,138	1,168	1,129	1,219
Operating Cost of Revenue	998	959	1,034	1,053	1,052	1,006	1,076	1,138	1,168	1,129	1,219
Total Operating Expenses	461	446	471	477	471	473	490	507	524	515	535
Selling, General & Admin Expense	461	446	471	477	471	473	490	507	524	515	535
Total Other Income / (Expense), net	-1.30	0.40	-0.40	-0.50	-0.50	-0.50	-0.80	0.50	-0.90	0.50	0.80
Interest Expense	2.10	1.90	2.00	1.80	1.80	1.70	1.70	2.20	1.60	0.70	0.80
Interest & Investment Income	0.80	2.30	1.60	1.30	1.30	1.20	0.90	2.70	0.70	1.20	1.60
Income Tax Expense	90	88	92	94	90	82	94	106	105	91	109
Basic Earnings per Share	$0.52	$0.46	$0.52	$0.26	$0.26	$0.46	$0.26	$0.29	$0.29	$0.26	$0.30
Weighted Average Basic Shares Outstanding	571.37M	571.27M	572.34M	1.15B	1.15B	572.71M	1.15B	1.15B	1.15B	1.15B	1.15B
Diluted Earnings per Share	$0.52	$0.46	$0.52	$0.25	$0.26	$0.45	$0.26	$0.29	$0.29	$0.26	$0.30
Weighted Average Diluted Shares Outstanding	573.10M	573.01M	574.09M	1.15B	1.15B	574.28M	1.15B	1.15B	1.15B	1.15B	1.15B
Weighted Average Basic & Diluted Shares Outstanding	571.41M	572.23M	572.55M	572.65M	572.89M	573.42M	573.62M	1.15B	1.15B	1.15B	1.15B
Cash Dividends to Common per Share	$0.35	-	$0.39	-	-	-	-	$0.22	-	$0.22	$0.24

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Net Change in Cash & Equivalents	15	-16	4.20	50	7.70	71	-9.50	-6.10	-8.80	35	21
Net Cash From Operating Activities	550	520	585	674	843	1,102	770	941	1,433	1,173	1,296
Net Cash From Continuing Operating Activities	550	520	585	674	843	1,102	770	941	1,433	1,173	1,296
Net Income / (Loss) Continuing Operations	516	499	579	752	791	859	925	1,087	1,155	1,151	1,258
Consolidated Net Income / (Loss)	516	499	579	752	791	859	925	1,087	1,155	1,151	1,258
Depreciation Expense	86	104	124	134	145	153	160	166	167	165	169
Amortization Expense	0.50	0.50	3.80	4.10	4.10	9.10	11	11	11	11	11
Non-Cash Adjustments To Reconcile Net Income	13	12	12	13	10	12	7.00	6.50	5.20	5.50	9.90
Changes in Operating Assets and Liabilities, net	-66	-96	-133	-229	-107	69	-333	-329	95	-158	-152
Net Cash From Investing Activities	-181	-188	-179	-174	-240	-282	-149	-163	-161	-215	-231
Net Cash From Continuing Investing Activities	-181	-188	-179	-174	-240	-282	-149	-163	-161	-215	-231
Purchase of Property, Plant & Equipment	-155	-190	-120	-176	-246	-168	-157	-174	-173	-227	-245
Sale of Property, Plant & Equipment	9.90	6.50	7.40	9.50	6.60	11	8.40	11	12	12	15
Other Investing Activities, net	-12	-5.10	-8.10	-3.40	0.10	0.80	-0.30	-0.60	-0.60	-0.40	-0.50
Net Cash From Financing Activities	-341	-347	-407	-447	-595	-754	-627	-775	-1,282	-914	-1,055
Net Cash From Continuing Financing Activities	-341	-347	-407	-447	-595	-754	-627	-775	-1,282	-914	-1,055
Repayment of Debt	-955	-920	-980	-895	-1,065	-940	-540	-1,630	-1,175	-835	-1,180
Payment of Dividends	-327	-347	-369	-442	-499	-803	-644	-711	-1,017	-893	-1,004
Issuance of Debt	1,215	950	1,015	980	910	1,000	525	1,795	880	775	1,105
Other Financing Activities, net	19	29	9.50	13	59	41	32	9.20	30	40	24
Effect of Exchange Rate Changes	-14	-1.30	5.50	-3.50	-0.20	5.10	-4.00	-9.20	-	-	11
Cash Interest Paid	3.10	6.20	8.70	13	14	8.40	9.90	13	12	7.80	6.60
Cash Income Taxes Paid	327	248	304	215	243	260	294	354	383	357	399

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	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
Net Change in Cash & Equivalents	54	-76	16	18	37	-36	-24	6.00	50	-11	32
Net Cash From Operating Activities	388	354	336	258	297	283	262	279	387	368	378
Net Cash From Continuing Operating Activities	393	350	336	258	297	283	262	279	387	368	378
Net Income / (Loss) Continuing Operations	296	266	298	293	298	262	299	330	336	294	340
Consolidated Net Income / (Loss)	296	266	298	293	298	262	299	330	336	294	340
Depreciation Expense	42	41	40	41	42	42	42	42	42	42	42
Amortization Expense	2.60	2.70	2.70	2.70	2.60	2.70	2.70	2.70	2.60	2.70	2.70
Non-Cash Adjustments To Reconcile Net Income	1.50	0.90	0.50	1.20	1.10	2.70	3.50	0.90	2.70	2.80	5.00
Changes in Operating Assets and Liabilities, net	51	39	-5.50	-80	-47	-26	-85	-98	3.90	27	-11
Net Cash From Investing Activities	-43	-33	-48	-53	-56	-58	-54	-65	-55	-58	-58
Net Cash From Continuing Investing Activities	-43	-33	-48	-53	-56	-58	-54	-65	-55	-58	-58
Purchase of Property, Plant & Equipment	-47	-36	-51	-56	-59	-60	-56	-69	-60	-60	-59
Sale of Property, Plant & Equipment	4.00	3.40	2.50	3.50	3.60	2.80	1.90	5.00	5.60	2.30	1.30
Other Investing Activities, net	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10	0.00	-0.20	-0.10	-0.20	0.00
Net Cash From Financing Activities	-287	-403	-267	-186	-211	-250	-236	-216	-281	-322	-288
Net Cash From Continuing Financing Activities	-287	-403	-267	-186	-211	-250	-236	-216	-281	-322	-288
Repayment of Debt	-245	-90	-220	-190	-200	-225	-155	-490	-400	-135	-47
Repurchase of Common Equity	-	-	-	-	-	-	0.00	-	-	-	-20
Payment of Dividends	-200	-417	-223	-223	-223	-223	-247	-252	-253	-253	-276
Issuance of Debt	155	90	160	225	205	185	155	520	365	65	47
Other Financing Activities, net	2.90	15	16	2.80	7.70	13	11	6.10	6.60	0.40	7.60
Effect of Exchange Rate Changes	-4.30	5.40	-4.00	-1.40	6.40	-12	3.10	8.20	-1.00	0.70	-0.60
Cash Interest Paid	2.10	1.90	2.40	1.80	1.80	1.80	1.50	2.70	1.50	0.90	0.70
Cash Income Taxes Paid	94	95	16	166	88	87	22	163	89	124	16

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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Total Assets	2,532	2,669	2,911	3,322	3,800	3,965	4,299	4,549	4,463	4,698	5,053
Total Current Assets	1,665	1,721	1,936	2,316	2,457	2,500	2,857	3,125	3,021	3,212	3,472
Cash & Equivalents	129	113	117	167	175	246	236	230	221	256	277
Accounts Receivable	468	500	608	714	742	769	900	1,013	1,088	1,109	1,245
Inventories, net	913	993	1,093	1,279	1,366	1,338	1,524	1,708	1,523	1,645	1,748
Current Deferred & Refundable Income Taxes	23	13	0.00	9.00	17	6.70	8.50	8.10	18	19	20
Other Current Assets	132	103	118	147	157	140	188	165	172	184	182
Plant, Property, & Equipment, net	819	900	894	925	1,023	1,031	1,019	1,010	1,011	1,057	1,132
Total Noncurrent Assets	49	48	81	81	320	434	423	414	431	430	449
Other Noncurrent Operating Assets	49	48	81	81	320	434	423	414	431	430	449
Total Liabilities & Shareholders' Equity	2,532	2,669	2,911	3,322	3,800	3,965	4,299	4,549	4,463	4,698	5,053
Total Liabilities	731	736	814	1,019	1,134	1,232	1,257	1,385	1,114	1,082	1,109
Total Current Liabilities	373	276	351	437	545	613	682	790	661	687	716
Short-Term Debt	62	11	3.00	3.00	3.00	40	60	202	60	75	25
Accounts Payable	126	109	148	194	193	207	233	255	264	288	317
Accrued Expenses	185	156	194	241	252	272	298	241	241	226	265
Current Deferred & Payable Income Tax Liabilities	-	0.00	6.50	-	-	-	-	-	-	0.00	3.00
Other Current Liabilities	-	-	-	0.00	97	94	91	92	96	99	106
Total Noncurrent Liabilities	358	460	463	581	590	619	575	596	453	395	394
Long-Term Debt	303	380	412	497	342	365	330	353	200	125	100
Noncurrent Deferred & Payable Income Tax Liabilities	55	81	51	84	99	102	89	84	73	69	67
Other Noncurrent Operating Liabilities	-	-	-	0.00	148	152	156	159	180	201	226
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,801	1,933	2,097	2,303	2,666	2,733	3,042	3,163	3,349	3,616	3,944
Total Preferred & Common Equity	1,801	1,933	2,097	2,303	2,666	2,733	3,042	3,163	3,349	3,616	3,944
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	1,801	1,933	2,097	2,303	2,666	2,733	3,042	3,163	3,349	3,616	3,944
Common Stock	4.92	40	11	5.90	70	65	102	9.30	47	94	127
Retained Earnings	1,843	1,940	2,111	2,342	2,634	2,690	2,971	3,219	3,357	3,614	3,868
Accumulated Other Comprehensive Income / (Loss)	-46	-47	-25	-45	-38	-21	-31	-65	-55	-92	-51

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	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026
Period end date	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	3/31/2026
Total Assets	4,577	4,597	4,463	4,533	4,604	4,738	4,698	4,871	5,016	5,116	5,210
Total Current Assets	3,137	3,148	3,021	3,084	3,147	3,261	3,212	3,358	3,462	3,546	3,620
Cash & Equivalents	244	298	221	237	256	292	256	232	238	288	309
Accounts Receivable	1,172	1,171	1,088	1,213	1,205	1,201	1,109	1,279	1,324	1,347	1,445
Inventories, net	1,565	1,514	1,523	1,496	1,505	1,560	1,645	1,674	1,726	1,723	1,693
Current Deferred & Refundable Income Taxes	15	15	18	0.00	17	17	19	0.00	15	9.40	12
Other Current Assets	142	150	172	137	165	191	184	174	159	179	161
Plant, Property, & Equipment, net	1,010	1,012	1,011	1,013	1,026	1,044	1,057	1,076	1,101	1,113	1,140
Total Noncurrent Assets	430	437	431	436	431	434	430	437	454	458	450
Other Noncurrent Operating Assets	430	437	431	436	431	434	430	437	454	458	450
Total Liabilities & Shareholders' Equity	4,577	4,597	4,463	4,533	4,604	4,738	4,698	4,871	5,016	5,116	5,210
Total Liabilities	1,196	1,130	1,114	1,104	1,108	1,141	1,082	1,181	1,209	1,222	1,220
Total Current Liabilities	737	668	661	638	717	742	687	785	820	833	824
Short-Term Debt	150	60	60	0.00	110	115	75	75	130	95	25
Accounts Payable	262	275	264	276	293	302	288	341	319	345	363
Accrued Expenses	230	236	241	208	216	226	226	216	257	261	243
Current Deferred & Payable Income Tax Liabilities	-	-	-	57	-	-	-	52	7.80	25	87
Other Current Liabilities	95	97	96	97	98	99	99	101	106	107	106
Total Noncurrent Liabilities	459	462	453	466	391	399	395	395	389	389	396
Long-Term Debt	200	200	200	200	125	125	125	125	100	100	100
Noncurrent Deferred & Payable Income Tax Liabilities	84	79	73	74	74	76	69	70	70	63	66
Other Noncurrent Operating Liabilities	175	183	180	192	192	199	201	201	218	226	231
Commitments & Contingencies	-	-	0.00	-	-	-	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	3,381	3,467	3,349	3,429	3,496	3,597	3,616	3,690	3,807	3,895	3,990
Total Preferred & Common Equity	3,381	3,467	3,349	3,429	3,496	3,597	3,616	3,690	3,807	3,895	3,990
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	3,381	3,467	3,349	3,429	3,496	3,597	3,616	3,690	3,807	3,895	3,990
Common Stock	26	30	47	65	69	79	94	108	116	124	117
Retained Earnings	3,412	3,508	3,357	3,431	3,501	3,576	3,614	3,666	3,743	3,826	3,932
Accumulated Other Comprehensive Income / (Loss)	-57	-72	-55	-67	-75	-57	-92	-83	-52	-56	-59

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

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.63%	2.40%	10.82%	13.09%	7.42%	5.88%	6.44%	16.13%	5.24%	2.71%	8.67%
EBITDA Growth	6.41%	-1.70%	12.16%	12.70%	6.02%	8.15%	6.43%	17.44%	4.65%	-1.21%	8.87%
EBIT Growth	5.23%	-3.98%	10.81%	13.31%	5.80%	8.00%	6.62%	19.40%	5.17%	-1.22%	9.65%
NOPAT Growth	4.82%	-2.86%	16.12%	30.26%	5.25%	8.10%	7.66%	17.68%	5.73%	-0.69%	9.28%
Net Income Growth	4.50%	-3.29%	15.86%	29.95%	5.19%	8.62%	7.67%	17.50%	6.27%	-0.38%	9.37%
EPS Growth	6.63%	-2.26%	15.86%	29.95%	5.34%	7.97%	7.38%	18.13%	6.88%	-0.99%	9.00%
Operating Cash Flow Growth	10.19%	-5.52%	12.56%	15.21%	24.99%	30.75%	-30.11%	22.19%	52.25%	-18.11%	10.45%
Free Cash Flow Firm Growth	17.11%	-11.15%	21.09%	30.25%	15.41%	34.66%	-22.29%	28.02%	56.59%	-22.34%	4.96%
Invested Capital Growth	7.75%	8.50%	8.35%	10.04%	7.60%	2.00%	10.49%	9.14%	-2.88%	5.11%	6.50%
Revenue Q/Q Growth	-0.09%	0.64%	3.31%	2.97%	0.86%	1.46%	2.98%	2.40%	0.87%	0.88%	2.54%
EBITDA Q/Q Growth	-0.32%	0.75%	2.44%	3.05%	0.63%	2.32%	2.82%	2.08%	1.15%	-0.47%	2.20%
EBIT Q/Q Growth	-1.17%	0.42%	2.42%	3.11%	0.52%	2.28%	3.09%	2.26%	1.39%	-0.60%	2.44%
NOPAT Q/Q Growth	-1.15%	0.67%	7.02%	2.31%	1.15%	2.02%	3.93%	1.49%	1.48%	-0.31%	2.53%
Net Income Q/Q Growth	-1.23%	0.58%	6.95%	2.23%	1.27%	2.07%	3.94%	1.34%	1.83%	-0.37%	2.59%
EPS Q/Q Growth	0.00%	0.58%	6.95%	2.23%	1.47%	1.36%	3.23%	1.61%	2.02%	-0.50%	1.87%
Operating Cash Flow Q/Q Growth	-3.19%	-2.86%	-0.63%	7.79%	9.68%	6.64%	-17.61%	18.29%	3.77%	-5.72%	7.05%
Free Cash Flow Firm Q/Q Growth	-13.12%	18.20%	-4.91%	3.93%	13.73%	10.92%	-19.04%	19.18%	5.17%	-5.82%	5.76%
Invested Capital Q/Q Growth	2.54%	0.14%	2.66%	2.31%	-0.13%	-2.24%	3.79%	0.10%	-1.21%	0.43%	-0.25%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.37%	49.59%	49.28%	48.32%	47.16%	45.47%	46.20%	46.07%	45.66%	45.08%	45.01%
EBITDA Margin	23.66%	22.71%	22.99%	22.91%	22.61%	23.09%	23.09%	23.35%	23.22%	22.34%	22.38%
Operating Margin	21.42%	20.09%	20.08%	20.12%	19.82%	20.22%	20.25%	20.82%	20.81%	20.01%	20.19%
EBIT Margin	21.42%	20.09%	20.08%	20.12%	19.82%	20.22%	20.25%	20.82%	20.81%	20.01%	20.19%
Profit (Net Income) Margin	13.35%	12.60%	13.18%	15.14%	14.83%	15.21%	15.39%	15.57%	15.72%	15.25%	15.35%
Tax Burden Percent	62.51%	63.24%	66.27%	76.18%	75.78%	75.85%	76.59%	75.48%	75.89%	76.29%	76.04%
Interest Burden Percent	99.67%	99.23%	99.01%	98.78%	98.72%	99.20%	99.21%	99.06%	99.56%	99.87%	99.96%
Effective Tax Rate	37.49%	36.76%	33.73%	23.82%	24.22%	24.15%	23.41%	24.52%	24.11%	23.71%	23.96%
Return on Invested Capital (ROIC)	26.38%	23.70%	25.38%	30.26%	29.29%	30.24%	30.63%	32.83%	33.75%	33.16%	34.25%
ROIC Less NNEP Spread (ROIC-NNEP)	24.78%	22.19%	23.37%	27.32%	25.22%	26.05%	25.93%	28.54%	30.95%	50.12%	34.76%
Return on Net Nonoperating Assets (RNNOA)	1.41%	3.05%	3.34%	3.92%	2.55%	1.59%	1.41%	2.20%	1.73%	-0.12%	-0.95%
Return on Equity (ROE)	27.79%	26.75%	28.71%	34.18%	31.84%	31.83%	32.03%	35.03%	35.47%	33.04%	33.29%
Cash Return on Invested Capital (CROIC)	18.92%	15.54%	17.36%	20.70%	21.97%	28.25%	20.66%	24.09%	36.67%	28.18%	27.95%
Operating Return on Assets (OROA)	33.89%	30.60%	31.61%	32.07%	29.69%	29.41%	29.46%	32.86%	33.93%	32.97%	33.96%
Return on Assets (ROA)	21.11%	19.20%	20.74%	24.13%	22.21%	22.13%	22.39%	24.57%	25.63%	25.12%	25.81%
Return on Common Equity (ROCE)	27.79%	26.75%	28.71%	34.18%	31.84%	31.83%	32.03%	35.03%	35.47%	33.04%	33.29%
Return on Equity Simple (ROE_SIMPLE)	28.67%	25.83%	27.59%	32.65%	29.67%	31.43%	30.41%	34.36%	34.49%	31.82%	0.00%
Net Operating Profit after Tax (NOPAT)	518	503	584	761	801	866	932	1,097	1,160	1,152	1,259
NOPAT Margin	13.39%	12.70%	13.31%	15.33%	15.02%	15.33%	15.51%	15.72%	15.79%	15.27%	15.35%
Net Nonoperating Expense Percent (NNEP)	1.60%	1.50%	2.00%	2.95%	4.07%	4.19%	4.70%	4.29%	2.80%	-16.95%	-0.51%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	29.51%	32.15%	30.19%	30.94%
Cost of Revenue to Revenue	49.63%	50.41%	50.72%	51.68%	52.84%	54.53%	53.80%	53.93%	54.34%	54.92%	54.99%
SG&A Expenses to Revenue	28.99%	29.52%	29.22%	28.20%	27.34%	25.25%	25.95%	25.24%	24.85%	25.07%	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	28.95%	29.51%	29.19%	28.19%	27.34%	25.25%	25.95%	25.24%	24.85%	25.07%	24.82%
Earnings before Interest and Taxes (EBIT)	829	796	882	999	1,057	1,142	1,217	1,454	1,529	1,510	1,656
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	915	900	1,009	1,137	1,206	1,304	1,388	1,630	1,706	1,685	1,835
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.17	5.69	6.25	5.59	7.00	9.33	11.26	8.07	10.75	11.33	11.62
Price to Tangible Book Value (P/TBV)	5.17	5.69	6.25	5.59	7.00	9.33	11.26	8.07	10.75	11.33	11.62
Price to Revenue (P/Rev)	2.41	2.78	2.98	2.59	3.50	4.52	5.70	3.66	4.90	5.43	5.59
Price to Earnings (P/E)	18.02	22.04	22.63	17.12	23.58	29.68	37.03	23.49	31.16	35.60	36.41
Dividend Yield	3.49%	3.15%	2.81%	3.44%	2.68%	3.15%	2.55%	2.78%	2.83%	2.71%	2.19%
Earnings Yield	5.55%	4.54%	4.42%	5.84%	4.24%	3.37%	2.70%	4.26%	3.21%	2.81%	2.75%
Enterprise Value to Invested Capital (EV/IC)	4.68	5.10	5.59	5.01	6.64	8.87	10.77	7.41	10.63	11.49	12.04
Enterprise Value to Revenue (EV/Rev)	2.47	2.85	3.05	2.66	3.53	4.54	5.72	3.70	4.90	5.42	5.57
Enterprise Value to EBITDA (EV/EBITDA)	10.42	12.54	13.27	11.61	15.61	19.68	24.79	15.86	21.12	24.27	24.89
Enterprise Value to EBIT (EV/EBIT)	11.51	14.18	15.19	13.21	17.80	22.47	28.26	17.79	23.57	27.09	27.58
Enterprise Value to NOPAT (EV/NOPAT)	18.42	22.42	22.92	17.34	23.49	29.63	36.90	23.56	31.05	35.51	36.27
Enterprise Value to Operating Cash Flow (EV/OCF)	17.34	21.70	22.89	19.58	22.34	23.29	44.68	27.47	25.15	34.86	35.24
Enterprise Value to Free Cash Flow (EV/FCFF)	25.68	34.18	33.50	25.36	31.32	31.71	54.71	32.11	28.58	41.78	44.44
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.20	0.20	0.22	0.13	0.15	0.13	0.18	0.08	0.06	0.03
Long-Term Debt to Equity	0.17	0.20	0.20	0.22	0.13	0.13	0.11	0.11	0.06	0.03	0.03
Financial Leverage	0.06	0.14	0.14	0.14	0.10	0.06	0.05	0.08	0.06	0.00	-0.03
Leverage Ratio	1.32	1.39	1.38	1.42	1.43	1.44	1.43	1.43	1.38	1.32	1.29
Compound Leverage Factor	1.31	1.38	1.37	1.40	1.42	1.43	1.42	1.41	1.38	1.31	1.29
Debt to Total Capital	16.85%	16.79%	16.52%	17.84%	11.46%	12.91%	11.36%	14.93%	7.20%	5.24%	3.07%
Short-Term Debt to Total Capital	2.86%	0.45%	0.12%	0.11%	0.10%	1.27%	1.75%	5.43%	1.66%	1.97%	0.61%
Long-Term Debt to Total Capital	13.98%	16.34%	16.40%	17.73%	11.36%	11.63%	9.61%	9.50%	5.54%	3.28%	2.46%
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	83.15%	83.21%	83.48%	82.16%	88.54%	87.09%	88.64%	85.07%	92.80%	94.76%	96.93%
Debt to EBITDA	0.40	0.43	0.41	0.44	0.29	0.31	0.28	0.34	0.15	0.12	0.07
Net Debt to EBITDA	0.26	0.31	0.30	0.29	0.14	0.12	0.11	0.20	0.02	-0.03	-0.08
Long-Term Debt to EBITDA	0.33	0.42	0.41	0.44	0.28	0.28	0.24	0.22	0.12	0.07	0.05
Debt to NOPAT	0.70	0.78	0.71	0.66	0.43	0.47	0.42	0.51	0.22	0.17	0.10
Net Debt to NOPAT	0.46	0.55	0.51	0.44	0.21	0.18	0.17	0.30	0.03	-0.05	-0.12
Long-Term Debt to NOPAT	0.58	0.75	0.71	0.65	0.43	0.42	0.35	0.32	0.17	0.11	0.08
Altman Z-Score	11.88	13.11	13.83	11.73	13.76	16.32	20.26	15.25	23.85	27.11	29.21
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	4.46	6.24	5.51	5.30	4.51	4.08	4.19	3.96	4.57	4.67	4.85
Quick Ratio	1.60	2.22	2.06	2.02	1.68	1.66	1.67	1.57	1.98	1.99	2.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	372	330	400	521	601	809	629	805	1,261	979	1,028
Operating Cash Flow to CapEx	378.73%	284.10%	520.18%	404.20%	351.42%	699.56%	519.64%	579.43%	892.09%	548.01%	562.21%
Free Cash Flow to Firm to Interest Expense	119.85	50.79	43.93	41.32	43.23	83.42	64.83	56.30	116.73	134.12	165.75
Operating Cash Flow to Interest Expense	177.52	79.98	64.31	53.51	60.63	113.59	79.39	65.80	132.66	160.73	209.02
Operating Cash Flow Less CapEx to Interest Expense	130.65	51.83	51.95	40.27	43.37	97.35	64.11	54.45	117.79	131.40	171.84
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.58	1.52	1.57	1.59	1.50	1.45	1.45	1.58	1.63	1.65	1.68
Accounts Receivable Turnover	8.32	8.19	7.93	7.51	7.33	7.47	7.20	7.30	6.99	6.87	6.97
Inventory Turnover	2.15	2.10	2.14	2.16	2.13	2.28	2.26	2.33	2.47	2.62	2.66
Fixed Asset Turnover	4.89	4.61	4.90	5.46	5.48	5.50	5.86	6.88	7.27	7.30	7.50
Accounts Payable Turnover	16.71	17.01	17.38	15.05	14.59	15.41	14.70	15.43	15.38	15.02	14.92
Days Sales Outstanding (DSO)	43.89	44.59	46.04	48.60	49.82	48.84	50.69	50.02	52.19	53.12	52.39
Days Inventory Outstanding (DIO)	169.40	174.19	170.94	168.66	171.28	160.24	161.47	156.65	147.69	139.50	137.32
Days Payable Outstanding (DPO)	21.85	21.45	21.00	24.26	25.02	23.69	24.84	23.66	23.73	24.30	24.47
Cash Conversion Cycle (CCC)	191.44	197.33	195.98	193.00	196.09	185.38	187.33	183.02	176.14	168.32	165.24
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,037	2,210	2,395	2,636	2,836	2,893	3,196	3,488	3,388	3,561	3,792
Invested Capital Turnover	1.97	1.87	1.91	1.97	1.95	1.97	1.97	2.09	2.14	2.17	2.23
Increase / (Decrease) in Invested Capital	147	173	185	241	200	57	304	292	-101	173	231
Enterprise Value (EV)	9,542	11,283	13,393	13,202	18,822	25,661	34,407	25,852	36,026	40,904	45,665
Market Capitalization	9,306	11,006	13,095	12,870	18,652	25,502	34,253	25,528	35,987	40,960	45,817
Book Value per Share	$6.22	$6.69	$7.30	$8.02	$4.65	$4.76	$5.29	$5.52	$5.86	$6.31	$3.44
Tangible Book Value per Share	$6.22	$6.69	$7.30	$8.02	$4.65	$4.76	$5.29	$5.52	$5.86	$6.31	$3.44
Total Capital	2,166	2,323	2,512	2,803	3,011	3,138	3,432	3,718	3,609	3,816	4,069
Total Debt	365	390	415	500	345	405	390	555	260	200	125
Total Long-Term Debt	303	380	412	497	342	365	330	353	200	125	100
Net Debt	236	277	298	333	170	159	154	325	39	-56	-152
Capital Expenditures (CapEx)	145	183	113	167	240	158	148	162	161	214	231
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,225	1,343	1,471	1,715	1,741	1,681	1,998	2,307	2,198	2,344	2,505
Debt-free Net Working Capital (DFNWC)	1,354	1,456	1,588	1,882	1,916	1,927	2,234	2,537	2,420	2,600	2,782
Net Working Capital (NWC)	1,292	1,445	1,585	1,879	1,913	1,887	2,174	2,335	2,360	2,525	2,757
Net Nonoperating Expense (NNE)	1.69	3.86	5.77	9.29	10	6.90	7.35	10	5.08	1.45	0.53
Net Nonoperating Obligations (NNO)	236	277	298	333	170	159	154	325	39	-56	-152
Total Depreciation and Amortization (D&A)	87	104	127	138	149	162	171	177	177	175	179
Debt-free, Cash-free Net Working Capital to Revenue	31.65%	33.89%	33.50%	34.53%	32.63%	29.77%	33.24%	33.04%	29.92%	31.06%	30.54%
Debt-free Net Working Capital to Revenue	34.99%	36.74%	36.16%	37.90%	35.91%	34.12%	37.17%	36.34%	32.93%	34.45%	33.92%
Net Working Capital to Revenue	33.38%	36.47%	36.09%	37.84%	35.86%	33.41%	36.17%	33.45%	32.12%	33.46%	33.61%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.38	$1.50	$1.61	$1.89	$2.02	$2.01	$1.10
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	573.20M	573.78M	574.81M	573.78M	571.27M	572.71M	1.15B
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.38	$1.49	$1.60	$1.89	$2.02	$2.00	$1.09
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	574.40M	575.67M	577.12M	575.62M	573.01M	574.28M	1.15B
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	0.00	0.00	0.00	0.00	574.23M	574.32M	575.55M	570.83M	572.23M	573.42M	1.15B
Normalized Net Operating Profit after Tax (NOPAT)	517	503	584	761	801	866	932	1,097	1,160	1,152	1,259
Normalized NOPAT Margin	13.37%	12.69%	13.29%	15.32%	15.02%	15.33%	15.51%	15.72%	15.79%	15.27%	15.35%
Pre Tax Income Margin	21.35%	19.93%	19.89%	19.88%	19.57%	20.06%	20.09%	20.63%	20.72%	19.99%	20.18%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	267.35	122.43	96.90	79.30	76.06	117.71	125.51	101.65	141.55	206.85	267.05
NOPAT to Interest Expense	167.13	77.42	64.22	60.41	57.64	89.28	96.12	76.72	107.42	157.82	203.05
EBIT Less CapEx to Interest Expense	220.48	94.28	84.54	66.06	58.81	101.47	110.23	90.29	126.68	177.52	229.87
NOPAT Less CapEx to Interest Expense	120.25	49.27	51.85	47.17	40.38	73.04	80.84	65.37	92.54	128.49	165.88
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	63.34%	69.40%	63.79%	58.77%	63.04%	93.52%	69.59%	65.44%	88.03%	77.64%	79.80%
Augmented Payout Ratio	120.06%	81.32%	78.07%	72.47%	63.04%	99.57%	69.59%	87.32%	88.03%	77.64%	79.80%

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

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Period end date	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025	3/31/2026
DEI Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,148,179,210.00
DEI Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	1,148,179,210.00
DEI Earnings Per Adjusted Shares Outstanding	-	-	-	-	-	-	-	-	-	-	0.30
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	2.41%	3.72%	1.94%	1.76%	3.48%	3.75%	3.39%	8.56%	11.68%	11.13%	12.37%
EBITDA Growth	1.91%	5.14%	-1.05%	-2.09%	0.26%	-1.99%	1.27%	11.75%	12.46%	10.15%	12.22%
EBIT Growth	1.98%	6.28%	-0.76%	-2.03%	0.36%	-2.57%	0.95%	12.72%	13.76%	11.43%	13.63%
NOPAT Growth	3.11%	6.82%	0.09%	-2.22%	0.67%	-1.36%	0.44%	12.57%	12.63%	11.82%	13.32%
Net Income Growth	3.83%	8.47%	0.88%	-1.78%	0.88%	-1.61%	0.34%	12.85%	12.55%	12.13%	13.76%
EPS Growth	4.00%	9.52%	0.00%	-1.92%	0.00%	-2.17%	0.00%	16.00%	11.54%	13.04%	15.38%
Operating Cash Flow Growth	50.48%	17.26%	-13.62%	-14.60%	-23.50%	-20.11%	-21.87%	7.98%	30.35%	30.16%	44.32%
Free Cash Flow Firm Growth	398.53%	953.11%	140.93%	22.88%	-48.20%	-75.60%	-90.23%	-98.22%	-56.14%	-30.47%	483.05%
Invested Capital Growth	-1.60%	-2.88%	-1.13%	-0.35%	3.39%	5.11%	7.85%	9.34%	7.23%	6.50%	4.03%
Revenue Q/Q Growth	-1.98%	-4.73%	7.76%	1.11%	-0.31%	-4.49%	7.39%	6.17%	2.55%	-4.96%	8.59%
EBITDA Q/Q Growth	-1.91%	-7.95%	9.07%	-0.58%	0.44%	-10.01%	12.69%	9.71%	1.08%	-11.86%	14.81%
EBIT Q/Q Growth	-2.08%	-8.48%	10.26%	-0.85%	0.31%	-11.16%	14.24%	10.71%	1.24%	-12.98%	16.50%
NOPAT Q/Q Growth	-1.08%	-10.25%	11.99%	-1.65%	1.84%	-12.06%	14.03%	10.23%	1.90%	-12.69%	15.55%
Net Income Q/Q Growth	-0.84%	-9.85%	11.75%	-1.68%	1.84%	-12.08%	13.96%	10.58%	1.57%	-12.40%	15.62%
EPS Q/Q Growth	0.00%	-11.54%	13.04%	-1.92%	1.96%	-13.46%	15.56%	-44.23%	0.00%	-10.34%	15.38%
Operating Cash Flow Q/Q Growth	28.47%	-8.79%	-5.20%	-23.12%	15.08%	-4.75%	-7.28%	6.25%	38.91%	-4.88%	2.80%
Free Cash Flow Firm Q/Q Growth	41.78%	4.15%	-8.18%	-9.36%	-40.24%	-50.94%	-63.22%	-83.52%	1,375.27%	-22.21%	208.38%
Invested Capital Q/Q Growth	-1.67%	-1.21%	0.14%	2.45%	2.02%	0.43%	2.75%	3.86%	0.05%	-0.25%	0.37%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.92%	45.46%	45.46%	45.06%	44.95%	44.85%	45.11%	45.32%	45.27%	44.33%	44.64%
EBITDA Margin	23.37%	22.58%	22.85%	22.47%	22.64%	21.33%	22.38%	23.13%	22.80%	21.14%	22.36%
Operating Margin	20.95%	20.12%	20.59%	20.19%	20.32%	18.90%	20.10%	20.96%	20.70%	18.95%	20.33%
EBIT Margin	20.95%	20.12%	20.59%	20.19%	20.32%	18.90%	20.10%	20.96%	20.70%	18.95%	20.33%
Profit (Net Income) Margin	16.01%	15.15%	15.71%	15.28%	15.61%	14.37%	15.24%	15.88%	15.73%	14.50%	15.43%
Tax Burden Percent	76.67%	75.19%	76.37%	75.75%	76.91%	76.13%	75.99%	75.65%	76.15%	76.40%	75.80%
Interest Burden Percent	99.66%	100.11%	99.90%	99.87%	99.87%	99.86%	99.80%	100.11%	99.80%	100.13%	100.16%
Effective Tax Rate	23.33%	24.81%	23.63%	24.25%	23.09%	23.87%	24.01%	24.35%	23.85%	23.60%	24.22%
Return on Invested Capital (ROIC)	33.84%	32.34%	34.03%	32.58%	33.52%	31.25%	32.98%	33.90%	34.31%	32.29%	34.85%
ROIC Less NNEP Spread (ROIC-NNEP)	33.15%	32.50%	33.53%	31.70%	34.38%	35.70%	34.74%	31.22%	35.25%	31.93%	34.26%
Return on Net Nonoperating Assets (RNNOA)	1.43%	1.81%	0.62%	0.40%	-0.44%	-0.09%	-0.34%	-0.12%	-0.68%	-0.88%	-0.96%
Return on Equity (ROE)	35.27%	34.15%	34.65%	32.98%	33.08%	31.16%	32.64%	33.78%	33.63%	31.42%	33.89%
Cash Return on Invested Capital (CROIC)	34.68%	36.67%	35.15%	33.49%	29.81%	28.18%	25.16%	23.80%	26.45%	27.95%	30.85%
Operating Return on Assets (OROA)	33.08%	32.81%	33.37%	32.62%	32.56%	31.13%	32.54%	33.88%	33.59%	31.87%	34.05%
Return on Assets (ROA)	25.28%	24.70%	25.46%	24.68%	25.01%	23.67%	24.67%	25.66%	25.53%	24.38%	25.85%
Return on Common Equity (ROCE)	35.27%	34.15%	34.65%	32.98%	33.08%	31.16%	32.64%	33.78%	33.63%	31.42%	33.89%
Return on Equity Simple (ROE_SIMPLE)	32.72%	0.00%	33.76%	32.96%	32.10%	0.00%	31.21%	31.23%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	296	266	298	293	298	262	299	330	336	294	339
NOPAT Margin	16.06%	15.13%	15.73%	15.29%	15.63%	14.39%	15.28%	15.86%	15.76%	14.48%	15.40%
Net Nonoperating Expense Percent (NNEP)	0.70%	-0.17%	0.50%	0.88%	-0.86%	-4.45%	-1.76%	2.67%	-0.94%	0.37%	0.59%
Return On Investment Capital (ROIC_SIMPLE)	-	7.37%	-	-	-	6.88%	7.69%	8.17%	8.22%	7.21%	8.24%
Cost of Revenue to Revenue	54.08%	54.54%	54.54%	54.94%	55.05%	55.15%	54.89%	54.68%	54.73%	55.67%	55.36%
SG&A Expenses to Revenue	24.97%	25.33%	24.87%	24.87%	24.63%	25.95%	25.01%	24.36%	24.58%	25.38%	24.31%
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	24.97%	25.33%	24.87%	24.87%	24.63%	25.95%	25.01%	24.36%	24.58%	25.38%	24.31%
Earnings before Interest and Taxes (EBIT)	387	354	390	387	388	345	394	436	442	384	448
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	431	397	433	431	433	389	439	481	486	429	492
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	8.74	10.75	12.71	10.23	11.37	11.33	12.05	12.66	14.45	11.62	13.35
Price to Tangible Book Value (P/TBV)	8.74	10.75	12.71	10.23	11.37	11.33	12.05	12.66	14.45	11.62	13.35
Price to Revenue (P/Rev)	4.16	4.90	5.90	4.82	5.47	5.43	5.84	6.20	7.04	5.59	6.31
Price to Earnings (P/E)	26.72	31.16	37.64	31.05	35.41	35.60	38.61	40.52	45.88	36.41	41.00
Dividend Yield	2.56%	2.83%	2.39%	2.98%	2.66%	2.71%	2.06%	0.00%	1.73%	2.19%	1.94%
Earnings Yield	3.74%	3.21%	2.66%	3.22%	2.82%	2.81%	2.59%	2.47%	2.18%	2.75%	2.44%
Enterprise Value to Invested Capital (EV/IC)	8.83	10.63	12.84	10.29	11.52	11.49	12.15	12.68	14.78	12.04	13.95
Enterprise Value to Revenue (EV/Rev)	4.16	4.90	5.90	4.82	5.46	5.42	5.84	6.20	7.03	5.57	6.29
Enterprise Value to EBITDA (EV/EBITDA)	17.95	21.12	25.59	21.13	24.12	24.27	26.28	27.66	31.30	24.89	28.11
Enterprise Value to EBIT (EV/EBIT)	20.08	23.57	28.54	23.56	26.89	27.09	29.36	30.83	34.76	27.58	31.06
Enterprise Value to NOPAT (EV/NOPAT)	26.48	31.05	37.52	30.99	35.34	35.51	38.53	40.48	45.76	36.27	40.88
Enterprise Value to Operating Cash Flow (EV/OCF)	21.93	25.15	31.56	26.77	32.82	34.86	40.40	43.00	46.41	35.24	37.60
Enterprise Value to Free Cash Flow (EV/FCFF)	25.25	28.58	36.31	30.67	39.29	41.78	50.10	55.65	57.82	44.44	46.11
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.08	0.08	0.06	0.07	0.07	0.06	0.05	0.06	0.05	0.03	0.03
Long-Term Debt to Equity	0.06	0.06	0.06	0.04	0.03	0.03	0.03	0.03	0.03	0.03	0.03
Financial Leverage	0.04	0.06	0.02	0.01	-0.01	0.00	-0.01	0.00	-0.02	-0.03	-0.03
Leverage Ratio	1.39	1.38	1.36	1.34	1.32	1.32	1.32	1.32	1.32	1.29	1.31
Compound Leverage Factor	1.39	1.39	1.36	1.33	1.32	1.31	1.32	1.32	1.31	1.29	1.31
Debt to Total Capital	6.98%	7.20%	5.51%	6.30%	6.25%	5.24%	5.14%	5.70%	4.77%	3.07%	3.04%
Short-Term Debt to Total Capital	1.61%	1.66%	0.00%	2.95%	3.00%	1.97%	1.93%	3.22%	2.32%	0.61%	0.61%
Long-Term Debt to Total Capital	5.37%	5.54%	5.51%	3.35%	3.26%	3.28%	3.21%	2.48%	2.45%	2.46%	2.43%
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	93.02%	92.80%	94.49%	93.70%	93.75%	94.76%	94.86%	94.30%	95.23%	96.93%	96.96%
Debt to EBITDA	0.15	0.15	0.12	0.14	0.14	0.12	0.12	0.13	0.11	0.07	0.07
Net Debt to EBITDA	-0.02	0.02	-0.02	-0.01	-0.03	-0.03	-0.02	0.00	-0.05	-0.08	-0.10
Long-Term Debt to EBITDA	0.12	0.12	0.12	0.07	0.07	0.07	0.07	0.06	0.06	0.05	0.05
Debt to NOPAT	0.23	0.22	0.17	0.20	0.21	0.17	0.17	0.19	0.16	0.10	0.10
Net Debt to NOPAT	-0.03	0.03	-0.03	-0.02	-0.05	-0.05	-0.03	-0.01	-0.08	-0.12	-0.14
Long-Term Debt to NOPAT	0.18	0.17	0.17	0.11	0.11	0.11	0.11	0.08	0.08	0.08	0.08
Altman Z-Score	19.67	22.98	27.31	22.96	25.05	26.29	26.12	27.43	31.17	28.38	29.80
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	4.71	4.57	4.83	4.39	4.40	4.67	4.28	4.22	4.26	4.85	4.39
Quick Ratio	2.20	1.98	2.27	2.04	2.01	1.99	1.92	1.90	1.96	2.13	2.13
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	352	367	337	305	182	89	33	5.42	80	62	192
Operating Cash Flow to CapEx	904.66%	1,075.99%	694.82%	490.49%	532.08%	492.68%	487.36%	433.28%	707.50%	637.95%	656.94%
Free Cash Flow to Firm to Interest Expense	167.67	193.00	168.35	169.54	101.32	52.64	19.36	2.46	49.99	88.88	239.84
Operating Cash Flow to Interest Expense	184.81	186.32	167.80	143.33	164.94	166.35	154.24	126.64	241.88	525.86	473.00
Operating Cash Flow Less CapEx to Interest Expense	164.38	169.00	143.65	114.11	133.94	132.59	122.59	97.41	207.69	443.43	401.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.58	1.63	1.62	1.62	1.60	1.65	1.62	1.62	1.62	1.68	1.68
Accounts Receivable Turnover	6.38	6.99	6.25	6.24	6.31	6.87	6.11	6.15	6.28	6.97	6.20
Inventory Turnover	2.48	2.47	2.55	2.63	2.67	2.62	2.64	2.64	2.67	2.66	2.76
Fixed Asset Turnover	7.21	7.27	7.32	7.28	7.28	7.30	7.29	7.31	7.42	7.50	7.62
Accounts Payable Turnover	14.34	15.38	14.80	14.58	14.21	15.02	13.57	13.96	13.57	14.92	13.21
Days Sales Outstanding (DSO)	57.17	52.19	58.41	58.48	57.86	53.12	59.76	59.37	58.14	52.39	58.88
Days Inventory Outstanding (DIO)	147.10	147.69	143.04	138.56	136.90	139.50	138.21	138.06	136.55	137.32	132.05
Days Payable Outstanding (DPO)	25.45	23.73	24.66	25.03	25.69	24.30	26.90	26.15	26.90	24.47	27.63
Cash Conversion Cycle (CCC)	178.81	176.14	176.79	172.01	169.07	168.32	171.06	171.28	167.80	165.24	163.30
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,429	3,388	3,392	3,475	3,545	3,561	3,659	3,800	3,801	3,792	3,806
Invested Capital Turnover	2.11	2.14	2.16	2.13	2.15	2.17	2.16	2.14	2.18	2.23	2.26
Increase / (Decrease) in Invested Capital	-56	-101	-39	-12	116	173	266	325	256	231	147
Enterprise Value (EV)	30,274	36,026	43,540	35,755	40,846	40,904	44,437	48,176	56,187	45,665	53,092
Market Capitalization	30,311	35,987	43,577	35,776	40,898	40,960	44,469	48,184	56,280	45,817	53,276
Book Value per Share	$6.07	$5.86	$5.99	$6.11	$6.28	$6.31	$6.44	$6.64	$3.39	$3.44	$3.47
Tangible Book Value per Share	$6.07	$5.86	$5.99	$6.11	$6.28	$6.31	$6.44	$6.64	$3.39	$3.44	$3.47
Total Capital	3,727	3,609	3,629	3,731	3,837	3,816	3,890	4,037	4,090	4,069	4,115
Total Debt	260	260	200	235	240	200	200	230	195	125	125
Total Long-Term Debt	200	200	200	125	125	125	125	100	100	100	100
Net Debt	-38	39	-37	-21	-52	-56	-32	-7.80	-93	-152	-184
Capital Expenditures (CapEx)	43	33	48	53	56	57	54	64	55	58	58
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,242	2,198	2,209	2,284	2,342	2,344	2,416	2,534	2,520	2,505	2,512
Debt-free Net Working Capital (DFNWC)	2,540	2,420	2,446	2,540	2,634	2,600	2,648	2,771	2,808	2,782	2,821
Net Working Capital (NWC)	2,480	2,360	2,446	2,430	2,519	2,525	2,573	2,641	2,713	2,757	2,796
Net Nonoperating Expense (NNE)	1.00	-0.30	0.31	0.38	0.38	0.38	0.61	-0.38	0.69	-0.38	-0.63
Net Nonoperating Obligations (NNO)	-38	39	-37	-21	-52	-56	-32	-7.80	-93	-152	-184
Total Depreciation and Amortization (D&A)	45	43	43	44	44	44	45	45	45	45	45
Debt-free, Cash-free Net Working Capital to Revenue	30.78%	29.92%	29.91%	30.80%	31.31%	31.06%	31.75%	32.59%	31.51%	30.54%	29.75%
Debt-free Net Working Capital to Revenue	34.87%	32.93%	33.13%	34.25%	35.21%	34.45%	34.79%	35.65%	35.12%	33.92%	33.41%
Net Working Capital to Revenue	34.05%	32.12%	33.13%	32.76%	33.67%	33.46%	33.81%	33.98%	33.93%	33.61%	33.11%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.52	$0.46	$0.52	$0.51	$0.52	$0.46	$0.52	$0.29	$0.29	$0.26	$0.30
Adjusted Weighted Average Basic Shares Outstanding	571.37M	571.27M	572.34M	572.58M	572.74M	572.71M	573.47M	1.15B	1.15B	1.15B	1.15B
Adjusted Diluted Earnings per Share	$0.52	$0.46	$0.52	$0.51	$0.52	$0.45	$0.52	$0.29	$0.29	$0.26	$0.30
Adjusted Weighted Average Diluted Shares Outstanding	573.10M	573.01M	574.09M	574.11M	574.18M	574.28M	574.76M	1.15B	1.15B	1.15B	1.15B
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.26	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	571.41M	572.23M	572.55M	572.65M	572.89M	573.42M	573.62M	1.15B	1.15B	1.15B	1.15B
Normalized Net Operating Profit after Tax (NOPAT)	296	266	298	293	298	262	299	330	336	294	339
Normalized NOPAT Margin	16.06%	15.13%	15.73%	15.29%	15.63%	14.39%	15.28%	15.86%	15.76%	14.48%	15.40%
Pre Tax Income Margin	20.88%	20.15%	20.57%	20.16%	20.29%	18.87%	20.06%	20.99%	20.65%	18.97%	20.36%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	184.14	186.26	195.10	214.94	215.61	202.82	231.71	198.23	275.94	548.86	559.50
NOPAT to Interest Expense	141.19	140.05	149.00	162.82	165.82	154.40	176.06	149.96	210.12	419.31	423.96
EBIT Less CapEx to Interest Expense	163.71	168.95	170.95	185.72	184.61	169.06	200.06	169.00	241.75	466.43	487.50
NOPAT Less CapEx to Interest Expense	120.76	122.74	124.85	133.60	134.82	120.64	144.42	120.74	175.93	336.88	351.96
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	68.45%	88.03%	89.86%	92.30%	94.14%	77.64%	79.61%	79.54%	79.49%	79.80%	79.50%
Augmented Payout Ratio	68.45%	88.03%	89.86%	92.30%	94.14%	77.64%	79.61%	79.54%	79.49%	79.80%	79.50%

Financials Breakdown Chart

Key Financial Trends

Fastenal has shown solid topline growth in its latest quarter and maintains a strong balance sheet and cash flow profile. However, gross margin and some near-term profitability metrics have shown pressure as the company grows. Below are the key observations drawn from the last four years of quarterly data provided, focusing on trends that may affect investors.

Revenue growth remains strong: Q4 2025 revenue of $2.028B vs. $1.696B in Q4 2024, marking roughly a 19% year-over-year increase.
Net income rising alongside the top line: Net income to common shareholders rose to $293.9M in Q4 2025 from $262.1M in Q4 2024.
Operating cash flow remains robust: Net cash from continuing operating activities was $368.1M in Q4 2025, up from $282.8M a year earlier, supporting liquidity and optionality.
Strong liquidity and equity base: Total equity sits near $3.895B with a cash balance around $288M (as of the latest balance sheet), indicating solid financial flexibility.
Gross margin compression vs. prior year: Gross margin declined to about 44% in Q4 2025 from roughly 48% in Q4 2024, as cost of revenue rose faster than revenue.
EPS dynamics show a near-term divergence: Basic/EPS for Q4 2025 is $0.26, lower than Q4 2024’s reported level (approximately $0.46), which may reflect mix, share count changes, or other one-time factors.
Cash outflow components impacting near-term liquidity: Financing activities were negative in Q4 2025 due to debt repayments and dividends, though operating cash flow remained positive.
Capital expenditure remains disciplined and predictable: Purchases of property, plant & equipment in the quarter run around $60M, indicating ongoing investment without excessive capex strain.
Near-term cash balance ticked slightly negative: Net change in cash and equivalents in Q4 2025 was a small negative ($-11.3M), signaling a modest draw on cash despite positive operating cash flow.
Dividend cash outflows are material: Quarterly dividends (per share around $0.22) contribute to sizable cash outflows, impacting free cash flow in the near term.

05/11/26 11:19 PM ETAI Generated. May Contain Errors.

Fastenal Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Fastenal's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Fastenal's net income appears to be on an upward trend, with a most recent value of $1.26 billion in 2025, rising from $516.40 million in 2015. The previous period was $1.15 billion in 2024. Check out Fastenal's forecast to explore projected trends and price targets.

Fastenal's total operating income in 2025 was $1.66 billion, based on the following breakdown:

Total Gross Profit: $3.69 billion
Total Operating Expenses: $2.04 billion

Over the last 10 years, Fastenal's total revenue changed from $3.87 billion in 2015 to $8.20 billion in 2025, a change of 111.9%.

Fastenal's total liabilities were at $1.11 billion at the end of 2025, a 2.6% increase from 2024, and a 51.7% increase since 2015.

In the past 10 years, Fastenal's cash and equivalents has ranged from $112.70 million in 2016 to $276.80 million in 2025, and is currently $276.80 million as of their latest financial filing in 2025.

Over the last 10 years, Fastenal's book value per share changed from 6.22 in 2015 to 3.44 in 2025, a change of -44.8%.

Related Companies

Financial statements for NASDAQ:FAST last updated on 4/23/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

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Fastenal (FAST) Financials

Annual Income Statements for Fastenal

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Quarterly Cash Flow Statements for Fastenal

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