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 | 14.63 |
| Price-to-Sales (TTM) | 6.70 |
| EV/Revenue | 6.71 |
| EV/EBITDA | 29.73 |
| Quarterly Earnings Growth (YoY) | 20.70% |
| Quarterly Revenue Growth (YoY) | 15.50% |
| Shares Outstanding | $1.15B |
| Float | $1.14B |
| % Insiders | 0.09% |
| % Institutions | 87.34% |
Volatility is currently expanding
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Fastenal, Grainger, and MSC Industrial all profit from the same factory supply chain, but the dividend each pays comes with a very different tradeoff between yield, safety, and growth potential.
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Payroll still runs, factory bins still empty, and store coolers still need restocking whether the economy is booming or collapsing.
Evaluate Fastenal's (FAST) reliance on international revenue to better understand the company's financial stability, growth prospects and potential stock price performance.
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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.
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