Fastenal Co (FAST)
Industrials · Trading Companies & Distributors · US stock · S&P 500 component
$52.73
▲ +0.24 (0.46%)
Fair valueFair
$45 −15.3% to fair value
$22fair band $38–$54$67
Day's range
$50.95 – $52.78
52-week range
$38.97 – $52.92
About Fastenal Co
Fastenal distributes industrial and construction supplies, especially fasteners, tools, safety products and other maintenance items. It sells to manufacturers, contractors and other businesses through a network of local branches and through on-site locations and vending devices placed at customers' facilities. Revenue comes from product sales, and its model depends on inventory availability, close customer relationships and efficient delivery.
Over the last twelve months, $8.7 billion in revenue was reported. The three-year revenue growth rate is 5.5% a year. Profitability shows an operating margin of 20.3% and a return on invested capital of 34%. Shareholders receive a dividend, yielding 1.8%. This gives an X-Ray Score of 53 out of 100.
Price chart
52-wk range $38.97 – $52.92Volume 10,026,235Daily, split-adjusted
Vitals
Market cap$60.7B
52-week range$38.97 – $52.92
Volume (last day)10,026,235
P/E (TTM)44.9
EBIT / EV yield2.9%
Free-cash-flow yield1.9%
Dividend yield1.8%
Revenue (TTM)$8.7B
Net income (TTM)$1.4B
Operating margin20.3%
Return on capital33.9%
Debt incl. leases$120M
Cash & securities$205M
Debt = borrowings plus lease liabilities. Cash & securities = cash, equivalents and short-term marketable securities (long-term securities are not counted, so net cash can be understated for companies that hold large long-term investments). Net debt = debt minus cash & securities. Source: latest SEC 10-Q/10-K. EBIT / EV yield = operating profit divided by market cap plus net debt.
Fair value estimate
$45middle half of models $42 – $51
Fair
−15.3% to fair value
Average of the 14 valuation models that pass our checks: multiples, discounted cash flow, dividend discount and earnings power value. A model more than 100% above or 60% below the price is left out as unrealistic. Model uncertainty is Medium, based on how far apart the models are. Undervalued or Overvalued means the gap to fair value is more than 17.5%.
Price $53
Undervalued < $38Fair $38 – $54Overvalued > $54
P/E multiple
$52
P/B multiple
$47
P/S multiple
$41
EV/EBITDA multiple
$46
EV/EBIT multiple
$46
EV/revenue multiple
$44
10-year DCF, EBITDA exit
$50
5-year DCF, EBITDA exit
$53
10-year DCF, revenue exit
$50
5-year DCF, revenue exit
$53
10-year DCF, growth exit
$25
5-year DCF, growth exit
$24
Dividend discount, stable
$64
Dividend discount, multi-stage · not used
$117
Earnings power value
$29
Growth the price implies
22.3%/yr
A model estimate, not a price target or recommendation. Inputs: risk-free 5.13%, equity risk premium 4.30% (Damodaran). How it works.
What this means
Strong business at a fair price
The price sits inside our fair-value band. A high score does not guarantee a good outcome; it shifts the odds a little. Use the checklist as a prompt for your own research.
Before you invest · decision checklist
Ticked boxes are filled in from our data; the rest are yours to answer.
The five-lens scan
Every score explained in one sentence, ranked against Industrials peers. Open a lens to see the numbers behind it.
Strong: 70 to 100Fair: 50 to 69Weak: under 50No score: not enough data
Valuation
Weak
14/100
Expensive against its sector on earnings and cash flow.
See the numbers →
EBIT / EV yield2.9%
Free-cash-flow yield1.9%
Fair value vs price0.8×
Growth
Weak
48/100
Growing slower than most of its sector.
See the numbers →
Revenue growth (3y)5.5%
EPS growth (3y)-16.8%
Growth consistency100%
Profitability
Strong
74/100
Earns high returns on the capital it uses.
See the numbers →
Return on invested capital33.9%
Operating margin20.3%
Gross profitability73.9%
Financial health
Strong
88/100
Balance sheet looks strong: debt is well covered.
See the numbers →
Piotroski F-Score7 / 9
Net debt / EBITDA0.0×
Interest coverNo interest cost
Dividends
Weak
42/100
Dividend is modest or less certain than peers.
See the numbers →
Dividend yield1.8%
Dividends vs free cash flow96%
Dividend growth12.2%
Quarterly results: last 6 quarters
+3.4%
Mar '25
+8.6%
Jun '25
+11.7%
Sep '25
+11.1%
Dec '25
+12.4%
Mar '26
+14.7%
Jun '26
Revenue against the same quarter a year earlier. Latest quarter revenue $2.4B, diluted EPS $0.33.
Compare with peers
FERG Ferguson Enterprises I...56 URI United Rentals, Inc.50Other Trading Companies & Distributors companies by X-Ray Score.
SWOT analysis: Fastenal Co
Strengthsinside the company
- Return on invested capital is 33.9%, against a median of 14.9% for sector peers.
- Cash exceeds debt (net debt is negative), which gives room to invest or ride out a downturn.
- Operating profit covers interest 394x, so debt costs are a small drag.
- Passes 7 of the 9 Piotroski tests, which points to improving profitability, funding and efficiency.
Weaknessesinside the company
- Earnings per share have declined 16.8% a year over three years.
Opportunitiesvaluation and setting
- Price momentum is strong on the weekly and monthly signals (trends can reverse).
Threatsvaluation and setting
- Trades at 44.9x earnings, 57% above the 28.5x median of sector peers, so the price already assumes better results.
Written by fixed rules from the figures on this page and the peer table below: filings, our fair value, the sector climate and the price trend. It summarises the data, it is not a forecast or advice.
Compare FAST with peers and sector
Medians of 80 Industrials peers and of 80 Industrials stocks in our universe.
Largest peers (X-Ray Score): CAT 43, GE 49, RTX 51, GEV 50, UNP 45, DE 43.
| Metric | FAST | Peers | Sector |
|---|---|---|---|
| X-Ray Score (out of 100) | 53 | 50 | 50 |
| Valuation | 13 | 48 | 48 |
| Growth | 48 | 51 | 51 |
| Profitability | 74 | 50 | 50 |
| Financial health | 88 | 49 | 49 |
| Dividends | 42 | 53 | 53 |
Sector leaders: highest X-Ray Score in Industrials
FAST ranks #34 of 81 in Industrials by X-Ray Score. A higher score is stronger on our five pillars; it is a ranking of facts, not a forecast.
Green means better than the peer median, red worse (only where a higher or lower figure is clearly better). A dash means too few companies report the figure. P/E, EV/EBITDA and price changes are not graded: a different level is not good or bad by itself.
Factor ratings for FAST
Each factor is rated by where FAST stands among the 81 Industrials stocks in our universe.
Rating against the sector
Goodthe top third of these stocks
Averagethe middle third of these stocks
Badthe bottom third of these stocks
"Beats" is the share of those stocks it is ahead of.
Against its own history
The last columns set today's figure against the company's own median of its last five financial years:
▲ Betterbetter than its usual level
▼ Worseworse than its usual level
≈ In linewithin its usual range
For valuation factors Good means cheaper than most of the sector and Better means cheaper than usual for this company, which is not the same as a bargain.
In total: 10 Good · 2 Average · 11 Bad of 23
Growth: 1 · 1 · 1
Profitability: 5 · 0 · 0
Financial strength: 4 · 0 · 0
Valuation: 0 · 0 · 5
Cash flow: 0 · 1 · 3
Efficiency: 0 · 0 · 2
| Factor | FAST | Rating | Sector median | Own 5-year median | Against own history |
|---|---|---|---|---|---|
| Growth | |||||
| Revenue growth, 3 years a year | +5.5% | Average beats 48% | +5.6% | – | – |
| Revenue growth, last year | +8.7% | Good beats 77% | +4.5% | +6.4% | ▲ Better |
| EPS growth, 3 years a year | −16.8% | Bad beats 7% | +5.7% | – | – |
| Profitability | |||||
| Gross margin | 44.7% | Good beats 73% | 38.0% | 45.7% | ≈ In line |
| Operating margin | 20.3% | Good beats 69% | 17.5% | 20.3% | ≈ In line |
| Net margin | 15.5% | Good beats 71% | 12.8% | 15.4% | ≈ In line |
| Return on invested capital | 33.9% | Good beats 87% | 14.9% | – | – |
| Return on equity | 33.2% | Good beats 67% | 23.7% | 31.9% | ≈ In line |
| Financial strength | |||||
| Net debt / EBITDA | 0.0x | Good beats 94% | 1.8x | 0.0x | ≈ In line |
| Interest cover | 394.5x | Good beats 99% | 21.4x | 50.0x | ▲ Better |
| Current ratio | 4.18 | Good beats 97% | 1.25 | 4.57 | ≈ In line |
| Piotroski F-score | 7 / 9 | Good beats 68% | 6 / 9 | – | – |
| Valuation | |||||
| P/E ratio | 44.9x | Bad beats 9% | 28.9x | 32.1x | ▼ Worse |
| Price / book | 14.9x | Bad beats 16% | 6.2x | 11.1x | ▼ Worse |
| Price / sales | 6.9x | Bad beats 12% | 3.5x | 5.1x | ▼ Worse |
| EV / EBITDA | 34.1x | Bad beats 7% | 18.5x | 21.8x | ▼ Worse |
| Free cash flow yield | 1.9% | Bad beats 7% | 3.8% | 3.3% | ▼ Worse |
| Cash flow | |||||
| Free cash flow margin | 13.2% | Average beats 47% | 13.8% | 12.5% | ≈ In line |
| Cash from operations / net income | 1.03 | Bad beats 8% | 1.39 | 1.02 | ≈ In line |
| Free cash flow growth, 3 years a year | +11.0% | Bad beats 29% | +14.5% | – | – |
| Accruals (lower is better) | −0.9% | Bad beats 12% | −3.2% | – | – |
| Efficiency | |||||
| Inventory turnover | 2.8x | Bad beats 19% | 4.0x | 2.5x | ≈ In line |
| Days sales outstanding | 65 days | Bad beats 33% | 57 days | 54 days | ▼ Worse |
These ratings compare companies with each other and describe the past; they are not a forecast, a recommendation or part of the X-Ray Score. A factor is left out when its data is missing or meaningless (for example a P/E on negative earnings). A dash in the history columns means fewer than three usable years.
Fundamentals checklist
● 9 Good · ● 1 Average · ● 6 BadCash quality
Earnings backed by cashBad
Free-cash-flow yieldBad
Risk models
Altman Z''Good
Piotroski F-ScoreGood
Growth
EPS growth (3y)Bad
Free-cash-flow growth (3y)Bad
Revenue growth (3y)Average
Growth consistencyGood
Balance sheet
Current ratioGood
Net debt / EBITDAGood
Interest coverGood
Valuation
Fair value vs priceBad
EBIT / EV yieldBad
Profitability
Return on invested capitalGood
Operating marginGood
Gross profitabilityGood
Each check is graded against the company's sector, not a fixed number. Checklist score 53/100.
Financials
| FY21 | FY22 | FY23 | FY24 | FY25 | |
|---|---|---|---|---|---|
| Revenue | $6.0B | $7.0B | $7.3B | $7.5B | $8.2B |
| Operating income | $1.2B | $1.5B | $1.5B | $1.5B | $1.7B |
| Net income | $925M | $1.1B | $1.2B | $1.2B | $1.3B |
| Operating cash flow | $770M | $941M | $1.4B | $1.2B | $1.3B |
| Operating margin | 20.3% | 20.8% | 20.8% | 20.0% | 20.2% |
| Free cash flow | $614M | $767M | $1.3B | $947M | $1.1B |
| Diluted EPS | $1.60 | $1.89 | $1.01 | $1.00 | $1.09 |
Fiscal years, from SEC filings.
Technical summary
Daily
Strongly bullish
12 bullish · 1 neutral · 3 bearish
Weekly
Strongly bullish
11 bullish · 1 neutral · 0 bearish
Monthly
Strongly bullish
7 bullish · 0 neutral · 1 bearish
Moving averages (daily)
| SMA 10 | 51.50 | Bullish |
| EMA 10 | 51.57 | Bullish |
| SMA 20 | 50.91 | Bullish |
| EMA 20 | 51.07 | Bullish |
| SMA 50 | 50.38 | Bullish |
| EMA 50 | 50.19 | Bullish |
| SMA 100 | 48.71 | Bullish |
| EMA 100 | 48.92 | Bullish |
| SMA 200 | 46.63 | Bullish |
| EMA 200 | 47.07 | Bullish |
Oscillators (daily)
| RSI (14) | 64.17 | Neutral |
| MACD (12, 26) | 0.57 | Bullish |
| Momentum (12) | 3.78 | Bullish |
| Stochastic %K (14) | 97.49 | Bearish |
| Williams %R (14) | -2.51 | Bearish |
| CCI (20) | 169.1 | Bearish |
Pivot points (classic, last session)
S3 49.70 | S2 50.32 | S1 51.53 | Pivot 52.15 | R1 53.36 | R2 53.98 | R3 55.19 |
Signals describe what the chart is doing, not what to do. Moving averages: price above the average is bullish. Oscillators use the usual thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20; MACD and momentum above zero are bullish). Weekly and monthly views use closing prices only.
Dividends
Paid, last 12 months
0.96 USD
Yield on today's price
1.82%
Frequency
Quarterly
Next ex-dividend date
28 Oct 2026
| Ex-dividend date | Amount per share |
|---|---|
| (upcoming) | 0.2600 |
| 0.2600 | |
| 0.2400 | |
| 0.2400 | |
| 0.2200 | |
| 0.2200 | |
| 0.4400 | |
| 0.4300 | |
| 0.3900 | |
| 0.3900 | |
| 0.3900 | |
| 0.3900 |
Ex-dividend dates and amounts from EODHD. Shown as declared, before tax.
ETFs that hold FAST
| ETF | Share of the fund |
|---|---|
| PAVE Global X U.S. Infrastructure Developme... | 2.71% |
| KNG FT Cboe Vest S&P 500 Dividend Aristocr... | 1.45% |
| NOBL ProShares S&P 500 Dividend Aristocrats | 1.42% |
| SCHD Schwab U.S. Dividend Equity | 1.28% |
| IWP iShares Russell Mid-Cap Growth | 1.23% |
| RSPN Invesco S&P 500 Equal Weight Industria... | 1.23% |
| VOT Vanguard Mid-Cap Growth | 1.21% |
| QQQE Direxion NASDAQ-100 Equal Weighted Ind... | 1.10% |
The eight funds with the largest weight in FAST among the ETFs we cover, from each fund's latest SEC Form N-PORT (quarter-end positions, so they can be months old). All ETFs.
FAST stock splits
FAST has split its stock 8 times since 1990. The latest was a 2-for-1 split on 22 May 2025.
Full FAST stock split history →FAST SEC filings
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
10-QSEC EDGAR
Quarterly report
8-KSEC EDGAR
Results of operations
8-KSEC EDGAR
Entered a material agreement
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Director or officer change
8-KSEC EDGAR
Shareholder vote results
Where the numbers come from
Statements SEC EDGAR filings (10-K, 10-Q), quarters derived from year-to-date figures.
Prices end-of-day closes, split-adjusted.
Industry inputs beta, multiples and equity risk premium from Damodaran Online (NYU Stern).
StocksXray is for education only and is not financial advice. Scores and fair values are model estimates from public filings and carry uncertainty.