FAST (Fastenal Company) Stock Financials & Earnings | Market Cap Arena

FAST (Fastenal Company) Stock Financials & Earnings | Market Cap Arena

FASTFastenal Company

Mkt Cap$53B

Industrials·Industrial - Distribution·🇺🇸 United States·NASDAQ

Revenue (TTM)$8.2B

Net Income (TTM)$1.3B

EPS (TTM)$1.10

Free Cash Flow (TTM)$1.1B

Gross Margin45.0%

Op. Margin20.2%

Net Margin15.3%

FCF Margin12.8%

P/S Ratio (TTM)6.5x

P/E Ratio (TTM)42.4x

YoY Rev Growth+8.7%

Employees—

Earnings Reports

Next: Q1 2026 · Apr 10

Revenue & Profitability

Quarter	Revenue	Gross Profit	Op. Income
Q1 23	$1.9B	$850M	$393M
Q2 23	$1.9B	$858M	$395M
Q3 23	$1.8B	$848M	$387M
Q4 23	$1.8B	$799M	$354M
Q1 24	$1.9B	$862M	$390M
Q2 24	$1.9B	$864M	$387M
Q3 24	$1.9B	$859M	$388M
Q4 24	$1.8B	$818M	$345M
Q1 25	$2.0B	$884M	$394M
Q2 25	$2.1B	$943M	$436M
Q3 25	$2.1B	$966M	$442M
Q4 25	$2.0B	$899M	$384M

Revenue Breakdown

Valuation

Quarter	P/S	P/E
Q1 23	7.5x	47.9x
Q2 23	7.4x	47.5x
Q3 23	7.3x	47.0x
Q4 23	7.3x	46.2x
Q1 24	7.2x	46.1x
Q2 24	7.2x	46.3x
Q3 24	7.1x	46.2x
Q4 24	7.1x	46.4x
Q1 25	7.0x	46.3x
Q2 25	6.9x	44.8x
Q3 25	6.7x	43.5x
Q4 25	6.5x	42.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 23	$389M	$355M
Q2 23	$302M	$246M
Q3 23	$388M	$341M
Q4 23	$354M	$318M
Q1 24	$336M	$285M
Q2 24	$258M	$202M
Q3 24	$297M	$238M
Q4 24	$283M	$223M
Q1 25	$262M	$207M
Q2 25	$279M	$209M
Q3 25	$387M	$327M
Q4 25	$368M	$308M

Capital Expenditures

CapEx

Quarter	CapEx
Q1 23	$34M
Q2 23	$56M
Q3 23	$47M
Q4 23	$36M
Q1 24	$51M
Q2 24	$56M
Q3 24	$59M
Q4 24	$60M
Q1 25	$56M
Q2 25	$69M
Q3 25	$60M
Q4 25	$60M

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q1 23	+9.1%	+8.9%
Q2 23	+5.9%	+6.7%
Q3 23	+2.4%	+2.5%
Q4 23	+3.7%	+3.1%
Q1 24	+1.9%	+2.7%
Q2 24	+1.8%	+2.8%
Q3 24	+3.5%	+4.3%
Q4 24	+3.7%	+5.3%
Q1 25	+3.4%	+4.0%
Q2 25	+8.6%	+7.5%
Q3 25	+11.7%	+11.1%
Q4 25	+11.1%	+11.0%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 23	$2M	0.1%
Q2 23	$2M	0.1%
Q3 23	$2M	0.1%
Q4 23	$2M	0.1%
Q1 24	$2M	0.1%
Q2 24	$2M	0.1%
Q3 24	$2M	0.1%
Q4 24	$2M	0.1%
Q1 25	$2M	0.1%
Q2 25	$2M	0.1%
Q3 25	$2M	0.1%
Q4 25	$2M	0.1%

OpEx Breakdown

Quarter	G&A	SG&A
Q1 23	—	$457M
Q2 23	—	$463M
Q3 23	$461M	—
Q4 23	—	$446M
Q1 24	—	$471M
Q2 24	—	$477M
Q3 24	—	$471M
Q4 24	—	$473M
Q1 25	—	$490M
Q2 25	—	$507M
Q3 25	—	$524M
Q4 25	—	$514M

Revenue by Geography

Quarter	Canada and Mexico	Non-North America	United States
Q1 25	$269M	$61M	$1.6B
Q2 25	$281M	$66M	$1.7B
Q3 25	$285M	$71M	$1.8B
Q4 25	$275M	$74M	$1.7B

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 23	$240M	$0	$240M
Q2 23	$244M	$0	$244M
Q3 23	$298M	$0	$298M
Q4 23	$221M	$0	$221M
Q1 24	$237M	$0	$237M
Q2 24	$256M	$0	$256M
Q3 24	$292M	$0	$292M
Q4 24	$256M	$0	$256M
Q1 25	$232M	$0	$232M
Q2 25	$238M	$0	$238M
Q3 25	$288M	$0	$288M
Q4 25	$277M	$0	$277M

Shares Outstanding

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change
Q1 23	1.15B	-0.0%
Q2 23	1.15B	+0.1%
Q3 23	1.15B	+0.0%
Q4 23	1.15B	+0.1%
Q1 24	1.15B	+0.1%
Q2 24	1.15B	+0.0%
Q3 24	1.15B	+0.0%
Q4 24	1.15B	+0.1%
Q1 25	1.15B	+0.0%
Q2 25	1.15B	+0.0%
Q3 25	1.15B	+0.1%
Q4 25	1.15B	-0.0%

Revenue Per Employee

Revenue / Employee

Year	Revenue/Employee	Employees
FY 14	$203K	18K
FY 15	$187K	21K
FY 16	$202K	20K
FY 17	$213K	21K
FY 18	$229K	22K
FY 19	$243K	22K
FY 20	$277K	20K
FY 21	$293K	21K
FY 22	$312K	22K
FY 23	$317K	23K
FY 24	$318K	24K
FY 25	$335K	24K