Fastenal Company (FAST) AI Stock Analysis

• Market Cap: $46.27B
• Dividend Yield: 2.17%
• Average Volume (3M): 6.53M
• Price to Earnings (P/E): 37.8
• Beta (1Y): 0.76
• Revenue Growth: 6.92%
• EPS Growth: 5.98%
• Country: US
• Employees: 21,339
• Sector: Industrials
• Sector Strength: 72
• Industry: Industrial - Distribution
• EPS (TTM): 0.29
• Shares Outstanding: 1,148,035,800
• 10 Day Avg. Volume: 7,473,072
• 30 Day Avg. Volume: 6,534,061
• PEG Ratio: -36.16
• Price to Book (P/B): 11.39
• Price to Sales (P/S): 5.46
• P/FCF Ratio: 43.50
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 7.09
• Enterprise Value/Gross Profit: 15.70
• Enterprise Value/Ebitda: 31.49
• 1Y Price Target: $43.43
• Price Target Upside: 7.77% Upside
• Rating Consensus: Hold
• Number of Analyst Covering: 10
• EPS Forecast (FY): 1.1
• Revenue Forecast (FY): $8.21B

• Rating: 67 Neutral
• Price Target: $47.00 ▲(16.63% Upside)

Fastenal Company has a strong financial foundation and positive earnings call highlights, which are the most significant factors supporting its stock score. However, technical analysis indicates bearish momentum, and the valuation suggests the stock is relatively expensive, which tempers the overall score.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong market demand and effective sales strategies, supporting long-term business expansion.

Digital Sales Expansion

The growth in digital sales reflects successful digital integration, enhancing customer reach and operational efficiency.

Strong Financial Position

A strong balance sheet with low leverage provides financial stability and flexibility for future investments and growth.

Negative Factors

Pricing Challenges

Challenges in pricing can impact revenue growth and profitability, affecting the company's ability to maintain margins.

Margin Pressure

Potential margin squeeze from rising costs could reduce profitability, impacting financial performance over time.

SG&A Expense Growth

Rising SG&A expenses indicate cost management challenges, which could pressure operating margins if not controlled.

Fastenal Company Business Overview & Revenue Model

Company Description

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, North America, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers, which are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It also offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations; and non-residential construction market, which includes general, electrical, plumbing, sheet metal, and road contractors. It also serves farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. The company distributes its products through a network of 3,209 in-market locations and 15 distribution centers. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

How the Company Makes Money

Fastenal generates revenue primarily through the sale of its industrial and construction supplies to businesses across various sectors. The company's revenue model is predominantly based on direct sales through its extensive network of retail locations and online platforms. Key revenue streams include the sale of fasteners, tools, safety equipment, and other related products, along with value-added services such as inventory management and vending solutions. Fastenal also benefits from long-term relationships with suppliers and customers, allowing for bulk purchasing and competitive pricing. Additionally, the company has established partnerships with various manufacturers, enhancing its product offerings and enabling it to meet the diverse needs of its clientele.

Fastenal Company Financial Statement Overview

Summary

Fastenal Company demonstrates strong financial performance with consistent revenue growth and robust profitability margins. The balance sheet reflects a solid equity base and low leverage, while the cash flow statement indicates strong cash generation. Overall, the company is well-positioned financially with a stable and profitable business model.

Income Statement

Fastenal Company demonstrates strong financial performance with consistent revenue growth and robust profitability margins. The TTM data shows a revenue growth rate of 2.87%, supported by a solid gross profit margin of 45.15% and a net profit margin of 15.34%. The EBIT and EBITDA margins are also healthy at 20.26% and 22.50%, respectively, indicating efficient operational management. Overall, the income statement reflects a stable and profitable business model with positive growth trends.

Balance Sheet

The balance sheet of Fastenal Company is characterized by a strong equity position and manageable debt levels. The debt-to-equity ratio stands at 0.13, indicating low leverage and financial stability. The return on equity is impressive at 32.69%, showcasing effective use of shareholder funds to generate profits. The equity ratio of 76.10% further underscores the company's solid capital structure. Overall, the balance sheet reflects a stable financial position with low risk.

Cash Flow

Fastenal Company exhibits strong cash flow generation with a free cash flow growth rate of 10.17% in the TTM period. The operating cash flow to net income ratio is 1.45, indicating efficient cash conversion. The free cash flow to net income ratio is 0.80, reflecting a healthy cash flow relative to profits. Overall, the cash flow statement highlights robust cash generation capabilities, supporting the company's operational and strategic initiatives.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	8.00B	7.55B	7.35B	6.98B	6.01B	5.65B
Gross Profit	3.61B	3.40B	3.35B	3.22B	2.78B	2.57B
EBITDA	1.80B	1.69B	1.71B	1.63B	1.39B	1.30B
Net Income	1.23B	1.15B	1.16B	1.09B	925.00M	859.10M
Balance Sheet
Total Assets	5.12B	4.70B	4.46B	4.55B	4.30B	3.96B
Cash, Cash Equivalents and Short-Term Investments	288.10M	255.80M	221.30M	230.10M	236.20M	245.70M
Total Debt	517.30M	485.40M	535.00M	802.10M	636.80M	650.10M
Total Liabilities	1.22B	1.08B	1.11B	1.39B	1.26B	1.23B
Stockholders Equity	3.89B	3.62B	3.35B	3.16B	3.04B	2.73B
Cash Flow
Free Cash Flow	965.00M	946.80M	1.26B	767.20M	613.50M	933.70M
Operating Cash Flow	1.21B	1.17B	1.43B	941.00M	770.10M	1.10B
Investing Cash Flow	-230.50M	-214.50M	-161.20M	-163.00M	-148.50M	-281.70M
Financing Cash Flow	-982.90M	-913.70M	-1.28B	-774.90M	-627.10M	-754.40M

Fastenal Company Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 40.30
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FAST, the sentiment is Negative. The current price of 40.3 is below the 20-day moving average (MA) of 40.57, below the 50-day MA of 43.35, and below the 200-day MA of 42.30, indicating a bearish trend. The MACD of -0.93 indicates Negative momentum. The RSI at 41.77 is Neutral, neither overbought nor oversold. The STOCH value of 47.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for FAST.

Fastenal Company Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
WCC	74 Outperform	$12.87B	20.76	13.06%	0.67%	5.28%	1.97%
AIT	74 Outperform	$9.71B	24.75	22.10%	0.72%	4.03%	5.93%
GWW	73 Outperform	$44.94B	26.38	48.98%	0.93%	4.83%	-3.60%
GPC	68 Neutral	$18.06B	22.37	17.05%	3.23%	3.26%	-25.41%
FAST	67 Neutral	$46.27B	37.78	32.74%	2.17%	6.92%	5.98%
MSM	64 Neutral	$4.98B	25.05	14.34%	3.83%	-1.35%	-22.24%
Sector *	63 Neutral	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%

Fastenal Company Corporate Events

Fastenal Appoints Max Tunnicliff as New CFO

On November 3, 2025, Fastenal Company announced the appointment of Max Tunnicliff as Chief Financial Officer and Senior Executive Vice President, effective November 10, 2025. Tunnicliff, who previously held senior financial roles at Beko Europe and Whirlpool Corporation, brings extensive global financial experience to Fastenal. This strategic appointment aims to strengthen Fastenal’s financial foundation and support its growth strategy. Concurrently, Sheryl A. Lisowski will continue as Executive Vice President, Chief Accounting Officer, and Treasurer, following her interim CFO role.

The most recent analyst rating on (FAST) stock is a Hold with a $47.00 price target. To see the full list of analyst forecasts on Fastenal Company stock, see the FAST Stock Forecast page.

Fastenal’s Q3 Earnings Call Highlights Growth and Challenges

Fastenal’s Q3 2025 Earnings Call Reflects Positive Growth Amidst Challenges

Fastenal Reports Strong Q3 2025 Financial Results

Fastenal Company, a prominent player in the wholesale distribution of industrial and construction supplies, has announced its financial results for the third quarter of 2025, showcasing a robust performance amidst a challenging industrial landscape.