Fastenal Company (FAST) financials
NASDAQ · Industrials · Industrial - Distribution · 22,230 employees · CEO Jeffery Michael Watts
- Price
- $51.91 -1.22%
- Market cap
- $59.6B
- Enterprise value
- $59.8B
- Last report
- Q3 '26 filed 2026-10-19
- Next report
- 2027-01-19 EPS est. $0.31
Revenue (TTM)$9.08B+13.5% vs a year agoLast 4 quarters; bars = each quarter
Operating margin (TTM)20.5%+0.3 pp vs a year agoOperating income $1.86B
Net income (TTM)$1.42B+15.6% vs a year agoAfter tax, incl. non-operating gains
Free cash flow (TTM)$1.05B+9.2% vs a year agoCapex $257M
Diluted EPS (TTM)$1.24+15.9% vs a year agoSum of the last 4 quarters
Net cash-$240M-4.6% vs a year agoCash + short-term investments - debt
Valuation & key figures
- Market cap
- $59.6B EV $59.8B
- Revenue
- $9.08B Trailing 12 months
- Revenue growth
- +14% FY2026 consensus
- Profit margin
- 15.6% Net income / revenue, TTM
- P/E
- 41.9× Forward 40.6× (FY2026)
- P/S
- 6.6× Price / sales, TTM
- EV / EBITDA
- 29.2× TTM
- Free cash flow
- $1.05B Trailing 12 months
- Net income
- $1.42B Trailing 12 months
- Revenue estimate
- $9.37B FY2026 consensus
- Earnings
- 2027-01-19 Revenue est. $2.32B
- Dividend
- $1.00 Per share, last 12 months
Key takeaways
Computed from the reported numbers - every statement carries the figure it rests on.
- Last report (2026-10-14): revenue beat by 0.9%, EPS beat by 3.0%Revenue $2.46B vs $2.44B expected (+0.9%); EPS $0.35 vs $0.34 (+3.0%).
- Revenue growth accelerating: 15.5% year on yearQ3 '26 revenue $2.46B, against an average of 12.5% over the four quarters before.
- Operating margin 20.5% (TTM), +0.3 pp on a year agoOperating income grew 15.4% while revenue grew 13.5%.
- Capex 2.8% of revenue (a year ago 3.1%)$257M invested in the last 4 quarters (+4.7% on a year earlier). Free cash flow $1.05B = 74.3% of net income.
- Returned $1.18B to shareholders = 112.3% of free cash flowBuybacks $80.8M (a year earlier $0), dividends $1.1B, stock-based pay $9.9M (TTM). More than the free cash flow: paid from cash or debt.
- Diluted share count down 0.1% in a year1.15B diluted shares in Q3 '26, 1.15B a year earlier.
- Net debt $240MCash + short-term investments $212M, debt incl. leases $452M; a year ago net debt $229M.
Last quarter: Q3 '26
Quarter ended 2026-09-30. Compared with the same quarter a year earlier and with the analyst consensus before the report.
Quarter vs a year ago
| Q3 '26 | Year ago | Change | |
|---|---|---|---|
| Revenue | $2.46B | $2.13B | +15.5% |
| Gross margin | 44.8% | 45.3% | -0.4 pp |
| Operating income | $531M | $442M | +20.2% |
| Operating margin | 21.5% | 20.7% | +0.9 pp |
| Net income | $402M | $336M | +19.7% |
| Diluted EPS | $0.35 | $0.29 | +20.7% |
| Operating cash flow | $422M | $387M | +9.0% |
| Capex | $74M | $60.3M | +22.7% |
| Free cash flow | $348M | $327M | +6.4% |
| R&D | $0 | $0 | – |
| Stock-based compensation | $2.6M | $2.1M | +23.8% |
Reported vs consensus
2026-10-14| Actual | Consensus | vs consensus | |
|---|---|---|---|
| Revenue | $2.46B | $2.44B | +0.9% |
| EPS (as estimated) | $0.35 | $0.34 | +3.0% |
From the report of 2026-10-14 for Q3 '26: revenue and the EPS analysts estimate (often adjusted), so it can differ from the EPS of the statements above.
EPS vs consensus
last 8 reportsRevenue
Where the money comes from - by business line and by region, quarter by quarter.
Revenue, operating income and growth
quarterlyRevenue by region
share of total| Segment | Q3 '26 | y/y | Share | TTM | TTM y/y | 12 quarters |
|---|---|---|---|---|---|---|
| United States | $2.04B | +14.5% | 82.6% | $7.5B | +45.9% | |
| Canada and Mexico | $342M | +20.1% | 13.9% | $1.26B | +15.6% | |
| Non-North America | $86.1M | +22.0% | 3.5% | $322M | +25.2% |
Margins & cost structure
How much of each unit of revenue is left at each level - and where the costs go.
Margins
quarterlyCosts as % of revenue
quarterlyCash flow & capital allocation
Cash generated, what it is spent on, and what reaches shareholders.
Operating cash flow, capex, free cash flow
quarterlyUses of cash vs operating cash flow
fiscal yearsLast 4 quarters
cash flow statement- Operating cash flow
- $1.31B
- Capex
- -$257M
- Buybacks
- -$80.8M
- Dividends
- -$1.1B
- Acquisitions
- $0
- Net debt issued
- -$95M
- Stock-based compensation
- $9.9M
- Free cash flow
- $1.05B
- Returned to shareholders / FCF
- 112.3%
Share count and EPS
quarterly, dilutedBalance sheet
Liquidity, investments and debt at each quarter end.
Cash, investments and debt
quarter endsValuation & returns
Today's multiples against the company's own last five fiscal years; analyst targets and ratings.
Multiples and returns
TTM vs 5 fiscal years| Now | 5y average | Where today sits in the 5-year range | |
|---|---|---|---|
| P/E (TTM) | 41.9× | 33.9× | 24.9× – 40.0× |
| EV / EBITDA | 29.2× | 23.1× | 17.0× – 26.8× |
| EV / Sales | 6.6× | 5.3× | 4.0× – 6.2× |
| Price / FCF | 56.5× | 42.4× | 29.4× – 60.0× |
| Price / Book | 14.4× | 11.0× | 8.6× – 12.1× |
| FCF yield | 1.8% | 2.5% | 1.7% – 3.4% |
| Return on invested capital | 30.3% | 27.4% | 24.7% – 29.3% |
| Return on equity | 35.1% | 32.6% | 30.4% – 34.5% |
Analysts
Consensus target $52.25 (+0.7%)
range $47.00 – $60.00 · rating Hold
Strong buy0
Buy11
Hold19
Sell3
Strong sell0
Outlook
Analyst consensus for the coming fiscal years and what it implies at today's price.
Consensus estimates
| Fiscal year | Revenue | Growth | EPS | Growth | P/E at today's price | Analysts (EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $9.37B | +14.3% | $1.28 | +17.4% | 40.6× | 12 |
| FY2027 | $10.3B | +9.4% | $1.41 | +10.5% | 36.7× | 12 |
| FY2028 | $11.1B | +7.9% | $1.54 | +8.9% | 33.7× | 11 |
| FY2029 | $11.9B | +7.7% | $1.68 | +8.8% | 31.0× | 4 |
| FY2030 | $12.7B | +6.6% | $1.80 | +7.5% | 28.8× | 4 |
Financial statements
Every line of the income statement, balance sheet and cash flow statement - 12 quarters and 10 fiscal years, as values, as % of revenue or as growth.
Every reported line
All 177 figures Fastenal Company tagged in its recent 10-Q / 10-K filings, with the official SEC label and definition - including the notes (leases, taxes, buybacks, employees, ...).
| Line (SEC label) | Latest quarter | Year ago | y/y | Latest FY | Prior FY | y/y |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $446M | $345M | +29.3% | $317M | $288M | +10.1% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.62B | $1.35B | +19.9% | $1.25B | $1.11B | +12.3% |
| Accounts Receivable, Allowance for Credit Loss, Current | $6.2M | $5.5M | +12.7% | $5.3M | $5.2M | +1.9% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $900K | $1.6M | -43.8% | $4.6M | $1.3M | +253.8% |
| Accrued Bonuses, Current | $39.8M2025-12-31 | $25.5M | +56.1% | $39.8M | $25.5M | +56.1% |
| Accrued Income Taxes, Current | $29.4M | $25M | +17.6% | $3M | $0 | – |
| Accrued Insurance, Current | $25M2025-12-31 | $26.2M | -4.6% | $25M | $26.2M | -4.6% |
| Accrued Liabilities, Current | $336M | $261M | +28.5% | $265M | $226M | +17.3% |
| Accrued Marketing Costs, Current | $66.5M2025-12-31 | $64.2M | +3.6% | $66.5M | $64.2M | +3.6% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.64B2025-12-31 | $1.53B | +7.2% | $1.64B | $1.53B | +7.2% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$65M | -$56.2M | -15.7% | -$51.1M | -$91.5M | +44.2% |
| Additional Paid in Capital, Common Stock | $60M | $113M | -46.9% | $116M | $82.8M | +39.5% |
| Amortization of Intangible Assets | $2.8M | $2.7M | +3.7% | $10.7M | $10.7M | 0.0% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 55.5K | 0 | – | 1.19M | 1.83M | -34.9% |
| Assets | $5.49B | $5.12B | +7.4% | $5.05B | $4.7B | +7.6% |
| Assets, Current | $3.83B | $3.55B | +8.0% | $3.47B | $3.21B | +8.1% |
| Cash and Cash Equivalents, at Carrying Value | $212M | $288M | -26.4% | $277M | $256M | +8.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $212M | $288M | -26.4% | $277M | $256M | +8.2% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | $7.1M | $50.3M | -85.9% | $21M | $34.5M | -39.1% |
| Common Stock, Dividends, Per Share, Cash Paid | $0.26 | $0.22 | +18.2% | $0.88 | $0.78 | +12.2% |
| Common Stock, Par or Stated Value Per Share | $0.01 | $0.01 | 0.0% | $0.01 | $0.01 | 0.0% |
| Common Stock, Shares Authorized | 1.6B | 1.6B | 0.0% | 1.6B | 1.6B | 0.0% |
| Common Stock, Shares, Issued | 1.15B | 1.15B | -0.1% | 1.15B | 1.15B | +0.1% |
| Common Stock, Shares, Outstanding | 1.15B | 1.15B | -0.1% | 1.15B | 1.15B | +0.1% |
| Common Stock, Value, Issued | $11.5M | $11.5M | 0.0% | $11.5M | $11.5M | 0.0% |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $399M | $331M | +20.7% | $1.3B | $1.11B | +16.6% |
| Cost of Goods and Services Sold | $1.36B | $1.17B | +16.4% | $4.51B | $4.14B | +8.8% |
| Current Federal Tax Expense (Benefit) | – | – | – | $277M | $266M | +4.1% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $50.3M | $39.6M | +27.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $390M | $361M | +8.1% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $63.5M | $56.1M | +13.2% |
| Deferred Compensation Cash-based Arrangements, Liability, Current | $23.5M2025-12-31 | $20.8M | +13.0% | $23.5M | $20.8M | +13.0% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $6.8M | -$3M | +326.7% |
| Deferred Foreign Income Tax Expense (Benefit) | – | – | – | -$1.3M | -$700K | -85.7% |
| Deferred Income Tax Expense (Benefit) | – | – | – | $6.2M | -$3.8M | +263.2% |
| Deferred Income Tax Liabilities, Net | $65.9M | $62.8M | +4.9% | $67.4M | $68.9M | -2.2% |
| Deferred Income Taxes and Tax Credits | $200K | -$7.4M | +102.7% | -$1.6M | -$4.1M | +61.0% |
| Deferred State and Local Income Tax Expense (Benefit) | – | – | – | $700K | -$100K | +800.0% |
| Deferred Tax Assets, Gross | $120M2025-12-31 | $109M | +10.2% | $120M | $109M | +10.2% |
| Deferred Tax Assets, Inventory | $6.8M2025-12-31 | $5.9M | +15.3% | $6.8M | $5.9M | +15.3% |
| Deferred Tax Assets, Net of Valuation Allowance | $118M2025-12-31 | $107M | +10.2% | $118M | $107M | +10.2% |
| Deferred Tax Assets, Operating Loss Carryforwards, Foreign | $2.6M2025-12-31 | $2.4M | +8.3% | $2.6M | $2.4M | +8.3% |
| Deferred Tax Assets, Other | $11M2025-12-31 | $8.3M | +32.5% | $11M | $8.3M | +32.5% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $4.4M2025-12-31 | $3.7M | +18.9% | $4.4M | $3.7M | +18.9% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Self Insurance | $8M2025-12-31 | $5.5M | +45.5% | $8M | $5.5M | +45.5% |
| Deferred Tax Assets, Valuation Allowance | $2M2025-12-31 | $1.8M | +11.1% | $2M | $1.8M | +11.1% |
| Deferred Tax Liabilities, Gross | $183M2025-12-31 | $166M | +10.3% | $183M | $166M | +10.3% |
| Deferred Tax Liabilities, Net | $65.2M2025-12-31 | $59M | +10.5% | $65.2M | $59M | +10.5% |
| Deferred Tax Liabilities, Other | $300K2025-12-31 | $200K | +50.0% | $300K | $200K | +50.0% |
| Deferred Tax Liabilities, Prepaid Expenses | $3.7M2025-12-31 | $4.6M | -19.6% | $3.7M | $4.6M | -19.6% |
| Deferred Tax Liabilities, Property, Plant and Equipment | $101M2025-12-31 | $90.9M | +11.4% | $101M | $90.9M | +11.4% |
| Defined Contribution Plan, Cost | – | – | – | $23.5M | $20.8M | +13.0% |
| Depreciation | $42.1M | $42.3M | -0.5% | $169M | $165M | +2.3% |
| Depreciation, Depletion and Amortization | – | – | – | $179M | $175M | +2.2% |
| Earnings Per Share, Basic | $0.35 | $0.29 | +20.7% | $1.10 | $1.00 | +10.0% |
| Earnings Per Share, Diluted | $0.35 | $0.29 | +20.7% | $1.09 | $1.00 | +9.0% |
| Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations | -$1M | -$900K | -11.1% | $11M | -$10.6M | +203.8% |
| Effective Income Tax Rate Reconciliation at Federal Statutory Income Tax Rate, Amount | – | – | – | $348M | $317M | +9.7% |
| Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent | – | – | – | 21.0% | 21.0% | 0.0% |
| Effective Income Tax Rate Reconciliation, Change in Deferred Tax Assets Valuation Allowance, Amount | – | – | – | $200K | -$200K | +200.0% |
Source: SEC companyfacts (XBRL of every 10-Q / 10-K). Cash-flow quarters are derived from the year-to-date figures the 10-Q tags. Segment breakdowns are tagged with dimensions and are shown in the segment section instead.
Sources
Statements, segment revenue, metrics, estimates: Financial Modeling Prep. Segment profits and every reported line: SEC EDGAR (XBRL). Filings read: 10-Q 2026-09-30, 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30
Data as of 2026-11-02