MARKETS / NASDAQ / FAST

NASDAQ · RETAIL-BUILDING MATERIALS, HARDWARE, GARDEN SUPPLY · LARGE CAP

Fastenal Co. FAST

19 fiscal years on record · USD · FY2025 reported · SEC filings only

Revenue

$8.2B

▲ 8.7% YoY

Net income

$1.3B

▲ 9.4% YoY

Free cash flow

$1.1B

▲ 11.0% YoY

In brief

What this company does

Fastenal sells industrial and construction supplies spanning more than nine major product lines through a global network of locations utilizing technologies such as vending devices, bin stock devices, and eBusiness. At the end of 2025, it had 1,595 branch locations in 25 countries, supported by 15 distribution centers in North America, two in Asia and two in Europe, and it employed 24,489 people. Beginning in 1993, it aggressively added additional, non-fastener product lines, which represented 69.5% of consolidated sales in 2025. Fastenal began as a partnership in 1967, opening its first branch that year in Winona, Minnesota, and was incorporated under the laws of Minnesota in 1968.

Written from the business description in FASTENAL CO's annual report to the U.S. Securities and Exchange Commission, filed 5 February 2026. Every sentence was checked against that document before publication.

Growth

USD 8.2B

Revenue, FY2025 · full 19-year series below

Revenue $B Net income $B

FY2025 · Revenue 8.2 · Net income 1.3

Compound annual growth

Revenue

+5.5%

+7.7%

+7.8%

+8.9%

Net income

+5.0%

+7.9%

+9.3%

+10.9%

Returned to shareholders

+2.2%

+4.3%

+5.3%

+12.0%

3 yrs

5 yrs

10 yrs

15 yrs

Revenue compounded at +7.7% a year over five years — but profit grew faster: net income at +7.9%.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

15 cents

of every revenue dollar became profit

Operating margin Net margin

FY2025 · Operating 20.2% · Net 15.3%

ROE

FY2025 · ROE 33.3%

Gross margin45.0%

Operating margin20.2%

Net margin15.3%

Return on assets25.8%

EBITDAUSD 1.8B

Each USD of equity produced 33 cents of profit this year.

Cash & shareholders

USD 1.0B

returned in FY2025 · dividends + net buybacks

Free cash flow $B

FY2025 · FCF 1.1

Net buybacks $B Dividends $B

FY2025 · Dividends 1.0 · Net buybacks —

Dividends paidUSD 1.0B

Net buybacks—

Share of profit79.8%

Consecutive raises1 years

USD 1.0B in dividends — 80% of the year's profit went back to shareholders.

Total assetsUSD 5.1B

EquityUSD 3.9B

CashUSD 276.8M

Gross debtUSD 125.0M

Net debtUSD -151.8M

Current ratio4.85×

The company holds more cash than debt.

The 19-year record

19 fiscal years

Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative

Metric	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue $B	8.2	7.5	7.3	7.0	6.0	5.6	5.3	5.0	4.4	4.0	3.9	3.7	3.3	3.1	2.8	2.3	1.9	2.3	2.1
Operating income $B	1.7	1.5	1.5	1.5	1.2	1.1	1.1	1.0	0.9	0.8	0.8	0.8	0.7	0.7	0.6	0.4	0.3	0.5	0.4
EBITDA $B	1.8	1.7	1.7	1.6	1.4	1.3	1.2	1.1	1.0	0.9	0.9	0.9	0.8	0.7	0.6	0.5	0.3	0.5	0.4
Income tax $B	0.4	0.4	0.4	0.4	0.3	0.3	0.3	0.2	0.3	0.3	0.3	0.3	0.3	0.3	0.2	0.2	0.1	0.2	0.1
Net income $B	1.3	1.2	1.2	1.1	0.9	0.9	0.8	0.8	0.6	0.5	0.5	0.5	0.4	0.4	0.4	0.3	0.2	0.3	0.2
Free cash flow $B	1.1	0.9	1.3	0.8	0.6	0.9	0.6	0.5	0.5	0.3	0.4	0.3	0.2	0.3	0.1	0.2	0.3	0.2	0.2
EPS, diluted $	1.09	1.00	1.01	1.89	1.60	1.49	1.38	1.31	1.00	1.73	1.77	1.66	1.51	1.42	1.21	0.90	0.62	·	·
Dividend / sh $	0.88	0.78	0.89	1.24	1.12	1.40	0.87	0.77	0.64	1.20	1.12	1.00	0.80	1.24	0.65	0.62	0.36	0.79	·
Payout %	80	78	88	65	70	94	63	59	64	69	63	60	53	87	54	69	58	42	28
ROE %	33.3	33.0	35.5	35.0	32.0	31.8	31.8	34.2	28.7	26.7	27.8	26.8	26.9	27.9	26.1	21.5	15.8	26.0	23.0
Shares out B	1.15	1.15	1.14	1.14	0.58	0.57	0.57	0.57	0.58	0.58	0.29	0.30	0.30	0.30	0.30	0.29	0.15	0.15	·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Fastenal Co.vsHome Depot, Inc.Same industry: Retail-Building Materials, Hardware, Garden Supply Fastenal Co.vsLowes Companies Inc.Same industry: Retail-Building Materials, Hardware, Garden Supply Fastenal Co.vsSherwin Williams Co.Same industry: Retail-Building Materials, Hardware, Garden Supply Fastenal Co.vsTractor Supply Co.Same industry: Retail-Building Materials, Hardware, Garden Supply Fastenal Co.vsBuilders FirstSource, Inc.Same industry: Retail-Building Materials, Hardware, Garden Supply Fastenal Co.vsFloor & Decor Holdings, Inc.Same industry: Retail-Building Materials, Hardware, Garden Supply Fastenal Co.vsGrowGeneration Corp.Same industry: Retail-Building Materials, Hardware, Garden Supply

Provenance

Company facts, as filed

How we verify · 0 failures in 91 reconciliationsAUDITED

Reconciled in 19 of 19 fiscal years. 4 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures

ActivityRetail-Building Materials, Hardware, Garden Supply

Listed onNASDAQ

Incorporated inMinnesota

Fiscal year endsDecember 31

Data on record since2007