Fastenal Company is an American company based in Winona, Minnesota. Fastenal's service model centers on approximately 3,200 in-market locations, each providing custom inventory, and a dedicated sales team to support local businesses. Fastenal offers companies supply chain solutions that help business reduce inventory touches, and supply chain waste.
| Revenue (TTM) | $9.08B |
| Gross Profit (TTM) | $4.05B |
| EBITDA | $2.04B |
| Operating Margin | 21.50% |
| Return on Equity | 35.30% |
| Return on Assets | 22.00% |
| Revenue/Share (TTM) | $7.91 |
| Book Value | $3.62 |
| Price-to-Book | 14.38 |
| Price-to-Sales (TTM) | 6.45 |
| EV/Revenue | 6.71 |
| EV/EBITDA | 29.98 |
| Quarterly Earnings Growth (YoY) | 20.70% |
| Quarterly Revenue Growth (YoY) | 15.50% |
| Shares Outstanding | $1.15B |
| Float | $1.14B |
| % Insiders | 0.09% |
| % Institutions | 87.49% |
Volatility is currently expanding
Fastenal Company remains a high-quality compounder, but current valuation—~40x earnings—makes the stock unattractive for new investment. Q3 results were strong: daily sales up 15.5% YoY, expanding customer sites, and improved operating margin despite gross margin headwinds. Digital adoption and managed inventory solutions are driving market share gains and operating leverage, offsetting some margin pressure.
Fastenal NASDAQ: FAST had a good Q3, but raised concerns about margin compression. Investors should not get this wrong: the slim gross margin contraction is primarily due to customer mix, with some additional price-cost pressure, and is offset by several factors.
A bank will lock in your rate and hand back every dollar at maturity, while an industrial distributor has raised its quarterly payout three times in the past year alone.
Fastenal remains a fundamentally strong, well-run industrial distributor with robust growth and a solid balance sheet. Current valuation is excessive, with FAST trading at a P/E near 42x and P/FCF over 50x, far above historical norms. Despite strong performance, the risk of valuation normalization poses a significant downside for recent investors.
Fastenal Company (FAST) Q3 2026 Earnings Call Transcript
Fastenal NASDAQ: FAST reported third-quarter 2026 sales growth of 15.5% and operating-margin expansion, as the industrial distributor cited market-share gains with larger customers, new contract wins and increased use of technology-enabled supply-chain services.
Fastenal Co (NASDAQ:FAST), the industrial supplies distributor, saw third-quarter net income rise by 20% to $401.6 million as stronger manufacturing demand and gains with larger customers lifted sales. Revenue rose 15.5% to $2.46 billion in the three months to September 30, while diluted earnings per share increased 21% to $0.35.
FAST's earnings beat estimates as expense leverage lifted margins, while contract wins and pricing boosted sales growth despite a revenue miss.
Fastenal (FAST) came out with quarterly earnings of $0.35 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.29 per share a year ago.
The fastener-and-tool distributor posted third-quarter profit of $401.6 million, or 35 cents a share, compared with $335.5 million, or 29 cents a share, a year earlier.
Tiblio connects your broker and runs your put-and-call-writing strategy for you — on FAST and any ticker you trade — then tracks every position and per-strategy win rate.
