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FASTENAL CO

FAST· Nasdaq· Retail-Building Materials, Hardware, Garden Supply

Market cap
–
P/FCF
–
EV/Sales
–
FCF margin
12.8%
ROIC, 5 yr avg
32.1%
Revenue, 5 yr CAGR
+7.7%
We record prices for the companies we cover; FAST is not one of them yet.

Company statistics

From the 10-Ks, computed in code · point at a figure for its formula

Profile · FY2025

Market cap
–
Enterprise value
–
Diluted shares
1.15B
Revenue
$8.2B
Free cash flow
$1.1B
Owner earnings
$1.0B

Valuation · FY2025

P/E
–
P/FCF
–
P/Owner earnings
–
EV/Sales
–
EV/FCF
–
P/B
–

Margins · FY2025

Gross
45.0%
Operating
20.2%
Net
15.3%
Free cash flow
12.8%
Owner earnings
12.7%
Stock pay
0.1%

Returns

ROIC, FY2025
33.2%
ROIC, 5 yr avg
32.1%
ROE, FY2025
31.9%
ROE, 5 yr avg
32.6%

Growth (CAGR)

Revenue, 3 yr
5.5%
Revenue, 5 yr
7.7%
Revenue, 9 yr
8.4%
Diluted EPS, 3 yr
4.9%
Diluted EPS, 5 yr
7.9%
Diluted EPS, 9 yr
10.8%
Free cash flow, 3 yr
11.0%
Free cash flow, 5 yr
2.4%
Free cash flow, 9 yr
13.7%

Financial health · FY2025

Cash and investments
$276.8M
Total debt
$125.0M
Net cash
$151.8M
Debt/Equity
0.0x
Debt/FCF
0.1x

Shareholder returns · FY2025

Dividend yield
–
Payout ratio
79.8%
Buyback yield
–
Shareholder yield
–
Share count, 5 yr
0.0%

Financials: ten years from the 10-Ks

Reported numbers open their filing · computed ones show the formula · ˢ split-adjusted

Revenue

$8.2B

+8.4% a year over 9 years

FY2016: Revenue $4.0BFY2017: Revenue $4.4BFY2018: Revenue $5.0BFY2019: Revenue $5.3BFY2020: Revenue $5.6BFY2021: Revenue $6.0BFY2022: Revenue $7.0BFY2023: Revenue $7.3BFY2024: Revenue $7.5BFY2025: Revenue $8.2B
FY2016FY2025

Margins

Gross45.0%Operating20.2%Net15.3%

FY2025

FY2016: Gross 49.6%, Operating 20.1%, Net 12.6%FY2017: Gross 49.3%, Operating 20.1%, Net 13.2%FY2018: Gross 48.3%, Operating 20.1%, Net 15.1%FY2019: Gross 47.2%, Operating 19.8%, Net 14.8%FY2020: Gross 45.5%, Operating 20.2%, Net 15.2%FY2021: Gross 46.2%, Operating 20.3%, Net 15.4%FY2022: Gross 46.1%, Operating 20.8%, Net 15.6%FY2023: Gross 45.7%, Operating 20.8%, Net 15.7%FY2024: Gross 45.1%, Operating 20.0%, Net 15.2%FY2025: Gross 45.0%, Operating 20.2%, Net 15.3%
FY2016FY2025

Free cash flow and owner earnings

Free cash flow$1.1BOwner earnings$1.0B

Free cash flow +13.7% a year

FY2016: Free cash flow $330.4M, Owner earnings $326.3MFY2017: Free cash flow $465.3M, Owner earnings $460.1MFY2018: Free cash flow $497.9M, Owner earnings $492.8MFY2019: Free cash flow $596.3M, Owner earnings $590.6MFY2020: Free cash flow $933.7M, Owner earnings $928.0MFY2021: Free cash flow $613.5M, Owner earnings $607.9MFY2022: Free cash flow $767.2M, Owner earnings $760.0MFY2023: Free cash flow $1.3B, Owner earnings $1.3BFY2024: Free cash flow $946.8M, Owner earnings $938.8MFY2025: Free cash flow $1.1B, Owner earnings $1.0B
FY2016FY2025

Diluted shares

1.15B

-0.5% over 9 years, net buybacks

FY2016: Diluted shares 1.16BFY2017: Diluted shares 1.15BFY2018: Diluted shares 1.15BFY2019: Diluted shares 1.15BFY2020: Diluted shares 1.15BFY2021: Diluted shares 1.15BFY2022: Diluted shares 1.15BFY2023: Diluted shares 1.15BFY2024: Diluted shares 1.15BFY2025: Diluted shares 1.15B
FY2016FY2025

Return on invested capital

33.2%

FY2025

FY2016: ROIC 22.8%FY2017: ROIC 24.4%FY2018: ROIC 28.9%FY2019: ROIC 28.3%FY2020: ROIC 29.9%FY2021: ROIC 29.2%FY2022: ROIC 31.5%FY2023: ROIC 34.2%FY2024: ROIC 32.4%FY2025: ROIC 33.2%
FY2016FY2025

Net cash

$151.8M

$151.8M more cash than debt

FY2016: Net cash -$277.3MFY2017: Net cash -$298.1MFY2018: Net cash -$332.8MFY2019: Net cash -$170.1MFY2020: Net cash -$159.3MFY2021: Net cash -$153.8MFY2022: Net cash -$324.9MFY2023: Net cash -$38.7MFY2024: Net cash $55.8MFY2025: Net cash $151.8M
FY2016FY2025

Every figure, year by year

Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
The business
Revenue$4.0B$4.4B$5.0B$5.3B$5.6B$6.0B$7.0B$7.3B$7.5B$8.2B
Revenue growth2.4%10.8%13.1%7.4%5.9%6.4%16.1%5.2%2.7%8.7%
Gross margin49.6%49.3%48.3%47.2%45.5%46.2%46.1%45.7%45.1%45.0%
Operating margin20.1%20.1%20.1%19.8%20.2%20.3%20.8%20.8%20.0%20.2%
Net income$499.4M$578.6M$751.9M$790.9M$859.1M$925.0M$1.1B$1.2B$1.2B$1.3B
Net margin12.6%13.2%15.1%14.8%15.2%15.4%15.6%15.7%15.2%15.3%
Diluted EPS$0.43s$0.50s$0.66s$0.69s$0.75s$0.80s$0.95s$1.01$1.00$1.09
Return on invested capital?22.8%24.4%28.9%28.3%29.9%29.2%31.5%34.2%32.4%33.2%
Cash
Operating cash flow$519.9M$585.2M$674.2M$842.7M$1.1B$770.1M$941.0M$1.4B$1.2B$1.3B
Capital expenditure$189.5M$119.9M$176.3M$246.4M$168.1M$156.6M$173.8M$172.8M$226.5M$245.3M
Free cash flow$330.4M$465.3M$497.9M$596.3M$933.7M$613.5M$767.2M$1.3B$946.8M$1.1B
Stock-based compensation$4.1M$5.2M$5.1M$5.7M$5.7M$5.6M$7.2M$7.3M$8.0M$8.4M
Owner earnings?$326.3M$460.1M$492.8M$590.6M$928.0M$607.9M$760.0M$1.3B$938.8M$1.0B
Free cash flow per share$0.29$0.40$0.43$0.52$0.81$0.53$0.67$1.10$0.82$0.91
Capital allocation
Dividends paid$346.6M$369.1M$441.9M$498.6M$803.4M$643.7M$711.3M$1.0B$893.3M$1.0B
Share repurchases$59.5M$82.6M$103.0M$0$52.0M$0$237.8M$0$0–
Diluted shares1.16Bs1.15Bs1.15Bs1.15Bs1.15Bs1.15Bs1.15Bs1.15B1.15B1.15B
Share count change?-1.0%-0.3%-0.4%0.0%0.2%0.3%-0.3%-0.5%0.2%0.2%
Balance sheet
Cash and equivalents$112.7M$116.9M$167.2M$174.9M$245.7M$236.2M$230.1M$221.3M$255.8M$276.8M
Short-term investments––––––––––
Total debt$390.0M$415.0M$500.0M$345.0M$405.0M$390.0M$555.0M$260.0M$200.0M$125.0M
Net debt$277.3M$298.1M$332.8M$170.1M$159.3M$153.8M$324.9M$38.7M-$55.8M-$151.8M
Shareholders' equity$1.9B$2.1B$2.3B$2.7B$2.7B$3.0B$3.2B$3.3B$3.6B$3.9B

Latest filings

All on EDGAR
2026-10-1910-QQuarterly report
2026-10-148-KEarnings release
2026-07-1610-QQuarterly report
2026-07-148-KEarnings release
2026-04-1610-QQuarterly report
2026-04-138-KEarnings release
2026-02-25DEF 14AProxy statement
2026-02-0510-KAnnual report
2026-01-208-KEarnings release
2025-10-1610-QQuarterly report

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