Fastenal/$FAST

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About Fastenal

Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal's branch count and remain the firm's main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.
Ticker
$FAST
Primary listing
NASDAQ
Employees
22,230

Fastenal Metrics

BasicAdvanced
$57B
42.44
$1.17
0.71
$0.96
2.09%

What the Analysts think about Fastenal

Analyst ratings (Buy, Hold, Sell) for Fastenal stock.
Analyst projections of the future price of Fastenal stock.

Bulls say / Bears say

Fastenal is gaining share with larger customers. Second-quarter daily sales rose 14.7%, while sites spending at least $50,000 a month grew 16.5% and revenue from those sites rose more than 26%. (Fastenal Company, Fastenal Company earnings call)
Its managed-inventory and digital tools are becoming a larger part of the business. FMI sales grew 16.4% in the second quarter to 44.6% of revenue, while device signings rose 8.3%, supporting customer retention and future operating leverage. (Fastenal Company, Fastenal Company earnings call)
Momentum remained broad and strong after the second quarter. August daily sales increased 16.6% year on year, with contract customers up 19.0% and heavy manufacturing up 21.8%, suggesting growth is not relying on one narrow end market. (Fastenal Company)
Fastenal is growing at the cost of gross-margin pressure. Second-quarter gross margin fell 75 basis points to 44.6% as pricing lagged costs, while customer mix, transport expenses and rebates added further pressure; larger accounts also carry lower gross margins. (Fastenal Company)
The digital rollout is progressing more slowly than previously planned. Management lowered its 2026 Digital Footprint estimate to 63%–64% from an original 66% target and reduced its weighted device-signing goal to 27,000–29,000 from 28,000–30,000. (Fastenal Company earnings call, Fastenal Company)
Investment spending is rising before the full benefit is visible. Fastenal expects $310 million–$330 million of 2026 capital expenditure, including its Atlanta hub replacement, trucking capacity and delayed IT projects, creating execution and free-cash-flow risk if demand or productivity disappoints. (Distribution Strategy Group, Fastenal Company earnings call)
Data summarised monthly by Lightyear AI. Last updated on 17 Sept 2026.

Fastenal Financial Performance

Revenues and expenses
Income statement
QuarterlyAnnual
Q3 24
QoQ growth
Revenue
Net income
Profit margin

Fastenal Earnings Performance

Company profitability
Earnings per share
QuarterlyAnnual
Q4 23
Q1 24
Q2 24
Q3 24
Q4 24
Actual
Expected
Surprise
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