Fastenal

Industrials Trading Companies & Distributors Winona, Minnesota Last filing Feb 5, 2026 · FY2025

                    Revenue
                    FY2025
                
$8.2B
                    3y CAGR +5.5%
                    
                    P49
                    
                    +8.7%
                    
                    Net income
                    FY2025
                
$1.3B
                    Net margin +15.3%
                    
                    P69
                    
                    +9.4%
                    
                    Total assets
                    FY2025
                
$5.1B
                    ROA +24.9%
                    
                    P100
                    
                    +7.6%
                    
                    Operating cash flow
                    FY2025
                
$1.3B
                    FCF margin +12.8%
                    
                    P52
                    
                    +10.4%

19 yrs · FY2007–FY2025 8 filed · 1 derived · 0 blank

1Y 3Y 5Y 10Y

Dollars % of revenue % of assets YoY % CAGR

Each cell as a share of that year’s total assets.

Balance Sheet

Assets, liabilities, and equity

25 accounts · 3 years

Total assets $5.1B

Total liabilities ~$1.1B

Shareholders equity $3.9B

Account	2025	2024	2023
Assets
Cash and Cash Equivalents	5.5%	5.4%	5.0%
Accounts Receivable	24.6%	23.6%	24.4%
Inventory	34.6%	35.0%	34.1%
Other Current Assets	4.0%	4.3%	4.2%
Total Current Assets	68.7%	68.4%	67.7%
Property,Plant and Equipment	22.4%	22.5%	22.7%
Operating Lease Assets	6.1%	5.9%	6.1%
Other Noncurrent Assets	2.8%	3.2%	3.6%
Total Assets	100.0%	100.0%	100.0%
Liabilities
Accounts Payable	6.3%	6.1%	5.9%
Accrued Liabilities	5.3%	4.8%	5.4%
Current Portion of Long Term Debt	0.5%	1.6%	1.3%
Operating Lease Liabilities	2.1%	2.1%	2.2%
Total Current Liabilities	14.2%	14.6%	14.8%
Long Term Debt	2.0%	2.7%	4.5%
Operating Lease Liabilities Noncurrent	4.2%	4.0%	4.0%
Deferred Tax Liabilities	1.3%	1.5%	1.6%
Other Noncurrent Liabilities	0.3%	0.3%	0.0%
Equity
Preferred Stock	0.0%	0.0%	0.0%
Common Stock	0.2%	0.2%	0.1%
Additional Paid In Capital	2.3%	1.8%	0.9%
Retained Earnings	76.5%	76.9%	75.2%
Accumulated Other Comprehensive Income	-1.0%	-1.9%	-1.2%
Total Stockholders Equity	78.0%	77.0%	75.0%
Total Liabilitiesand Equity	100.0%	100.0%	100.0%

Income Statement

Revenue, expense, and profitability

14 accounts · 3 years

Revenue $8.2B

Operating income $1.7B

Net income $1.3B

Account	2025	2024	2023
IncomeStatement
Revenues Total Revenue	162.3%	160.6%	164.6%
Expenses Cost of Revenue	89.2%	88.2%	89.5%
Other Income Expense Gross Profit	73.1%	72.4%	75.2%
Expenses Selling,General and Administrative	40.3%	40.3%	40.9%
Other Income Expense Operating Income	32.8%	32.1%	34.3%
Other Income Expense Interest Expense	0.1%	0.2%	0.2%
Other Income Expense Other Income/expense	0.1%	0.1%	0.1%
Other Income Expense Income Before Tax	32.8%	32.1%	34.1%
Income Tax Income Tax Expense	7.8%	7.6%	8.2%
net Income net Income	24.9%	24.5%	25.9%
net Income Comprehensive Income	25.7%	23.7%	26.1%
Earnings Per Share Basic Eps	0.0%	0.0%	0.0%
Earnings Per Share Diluted Eps	0.0%	0.0%	0.0%
Earnings Per Share Weighted Average Shares Diluted	22.8%	24.4%	25.7%

Cash Flow Statement

Operating, investing, and financing flows

17 accounts · 3 years

Operating cash flow $1.3B

Investing cash flow $-231.0M

Financing cash flow $-1.1B

Account	2025	2024	2023
CashFlow
Operating Activities net Income	24.9%	24.5%	25.9%
Operating Activities Depreciation and Amortization	3.5%	3.7%	4.0%
Operating Activities Stock Based Compensation	0.2%	0.2%	0.2%
Operating Activities Deferred Income Taxes	-0.0%	-0.1%	-0.2%
Operating Activities Changes In Operating Assets and Liabilities	-3.0%	-3.3%	2.4%
Operating Activities Other Non Cash Items	0.0%	-0.1%	-0.0%
Operating Activities net Cash From Operating Activities	25.6%	25.0%	32.1%
Investing Activities Capital Expenditures	-4.9%	-4.8%	-3.9%
Investing Activities Other Investing Activities	0.3%	0.3%	0.3%
Investing Activities net Cash From Investing Activities	-4.6%	-4.6%	-3.6%
Financing Activities Proceeds From Debt	21.9%	16.5%	19.7%
Financing Activities Repayment of Debt	-23.4%	-17.8%	-26.3%
Financing Activities Dividends Paid	-19.9%	-19.0%	-22.8%
Financing Activities Proceeds From Stock Issuance	0.5%	0.8%	0.7%
Financing Activities net Cash From Financing Activities	-20.9%	-19.4%	-28.7%
Cash Reconciliation Effect of Exchange Rate On Cash	0.2%	-0.2%	0.0%
Cash Reconciliation net Change In Cash	0.4%	0.7%	-0.2%

Key Ratios

Margins, returns, liquidity, leverage, efficiency

Computed at import · 3 years

Ratio	2025	2024	2023
Profitability
Gross margin	+45.0%	+45.1%	+45.7%
Operating margin	+20.2%	+20.0%	+20.8%
Net margin	+15.3%	+15.2%	+15.7%
FCF margin	+12.8%	+12.5%	+17.1%
Growth
Revenue CAGR (3y)	+5.5%	+7.9%	+9.2%
Returns
ROE	+31.9%	+31.8%	+34.5%
ROA	+24.9%	+24.5%	+25.9%
ROIC	+33.2%	+32.4%	+34.2%
Liquidity
Current ratio	4.85x	4.67x	4.57x
Quick ratio	2.13x	1.99x	1.98x
Leverage
D/E	0.28x	0.30x	0.33x
Interest coverage	267.05x	206.85x	141.55x
Efficiency
Asset turnover	1.62x	1.61x	1.65x
Cash conversion cycle	+171d	+173d	+169d

Valuation

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