Fastenal (FAST) financial statements
Fastenal reported revenue of $8.2B in fiscal 2025, up 8.4% a year over 9 years.
Net income was $1.3B and the operating margin 20.2%, against 20.1% in 2016.
Free cash flow was $1.1B, and the company returned $1.0B in dividends.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Fastenal's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $4.0B | $4.4B | $5.0B | $5.3B | $5.6B | $6.0B | $7.0B | $7.3B | $7.5B | $8.2B |
| Cost of revenue | $2.0B | $2.2B | $2.6B | $2.8B | $3.1B | $3.2B | $3.8B | $4.0B | $4.1B | $4.5B |
| Gross profit | $2.0B | $2.2B | $2.4B | $2.5B | $2.6B | $2.8B | $3.2B | $3.4B | $3.4B | $3.7B |
| Selling, general and admin | $1.2B | $1.3B | $1.4B | $1.5B | $1.4B | $1.6B | $1.8B | $1.8B | $1.9B | $2.0B |
| Operating income | $796M | $882M | $999M | $1.1B | $1.1B | $1.2B | $1.5B | $1.5B | $1.5B | $1.7B |
| Interest expense | $6M | $9M | $13M | $14M | $10M | $10M | $14M | $11M | $7M | $6M |
| Pre-tax income | $790M | $873M | $987M | $1.0B | $1.1B | $1.2B | $1.4B | $1.5B | $1.5B | $1.7B |
| Income tax | $290M | $294M | $235M | $253M | $274M | $283M | $353M | $367M | $358M | $397M |
| Net income | $499M | $579M | $752M | $791M | $859M | $925M | $1.1B | $1.2B | $1.2B | $1.3B |
| EPS (diluted) | $0.43 | $0.50 | $0.66 | $0.69 | $0.74 | $0.80 | $0.94 | $1.01 | $1.00 | $1.09 |
| Diluted shares | 1.16B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B |
| Gross margin | 49.6% | 49.3% | 48.3% | 47.2% | 45.5% | 46.2% | 46.1% | 45.7% | 45.1% | 45.0% |
| Operating margin | 20.1% | 20.1% | 20.1% | 19.8% | 20.2% | 20.3% | 20.8% | 20.8% | 20.0% | 20.2% |
| Net margin | 12.6% | 13.2% | 15.1% | 14.8% | 15.2% | 15.4% | 15.6% | 15.7% | 15.2% | 15.3% |
Balance sheet
Fiscal years, from Fastenal's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $113M | $117M | $167M | $175M | $246M | $236M | $230M | $221M | $256M | $277M |
| Receivables | $500M | $608M | $714M | $742M | $769M | $900M | $1.0B | $1.1B | $1.1B | $1.2B |
| Inventory | $993M | $1.1B | $1.3B | $1.4B | $1.3B | $1.5B | $1.7B | $1.5B | $1.6B | $1.7B |
| Total current assets | $1.7B | $1.9B | $2.3B | $2.5B | $2.5B | $2.9B | $3.1B | $3.0B | $3.2B | $3.5B |
| Property, plant and equipment | $900M | $894M | $925M | $1.0B | $1.0B | $1.0B | $1.0B | $1.0B | $1.1B | $1.1B |
| Total assets | $2.7B | $2.9B | $3.3B | $3.8B | $4.0B | $4.3B | $4.5B | $4.5B | $4.7B | $5.1B |
| Total current liabilities | $276M | $351M | $437M | $545M | $613M | $682M | $790M | $661M | $687M | $716M |
| Long-term debt | $380M | $412M | $497M | $342M | $365M | $330M | $353M | $200M | $125M | $100M |
| Total liabilities | $736M | $814M | $1.0B | $1.1B | $1.2B | $1.3B | $1.4B | $1.1B | $1.1B | $1.1B |
| Shareholders' equity | $1.9B | $2.1B | $2.3B | $2.7B | $2.7B | $3.0B | $3.2B | $3.3B | $3.6B | $3.9B |
| Net debt | $277M | $298M | $333M | $170M | $159M | $154M | $325M | $39M | -$56M | -$152M |
Cash flow
Fiscal years, from Fastenal's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $520M | $585M | $674M | $843M | $1.1B | $770M | $941M | $1.4B | $1.2B | $1.3B |
| Capital spending | $190M | $120M | $176M | $246M | $168M | $157M | $174M | $173M | $226M | $245M |
| Free cash flow | $330M | $465M | $498M | $596M | $934M | $614M | $767M | $1.3B | $947M | $1.1B |
| Stock-based compensation | $4M | $5M | $5M | $6M | $6M | $6M | $7M | $7M | $8M | $8M |
| Dividends paid | $347M | $369M | $442M | $499M | $803M | $644M | $711M | $1.0B | $893M | $1.0B |
| Share buybacks (net) | -$60M | -$83M | -$103M | $0 | -$52M | $0 | -$238M | $0 | $0 | — |
| Net borrowing | $30M | $35M | $85M | -$155M | $60M | -$15M | $165M | -$295M | -$60M | -$75M |
| Free cash flow margin | 8.3% | 10.6% | 10.0% | 11.2% | 16.5% | 10.2% | 11.0% | 17.1% | 12.5% | 12.8% |
| Dividends per share | $0.30 | $0.32 | $0.38 | $0.43 | $0.70 | $0.56 | $0.62 | $0.89 | $0.78 | $0.87 |
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Open FAST in InvestinglyQuestions
What was Fastenal's revenue in 2025?
$8.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Fastenal generate?
$1.1B in fiscal 2025 (operating cash flow minus capital spending).
From Fastenal's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.