Fastenal (FAST) Financials

$81.30 +0.66 (+0.82%)

As of 04/14/2025 04:00 PM Eastern

Annual Income Statements for Fastenal

This table shows Fastenal's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	516	499	579	752	791	859	925	1,087	1,155	1,151
Consolidated Net Income / (Loss)	516	499	579	752	791	859	925	1,087	1,155	1,151
Net Income / (Loss) Continuing Operations	516	499	579	752	791	859	925	1,087	1,155	1,151
Total Pre-Tax Income	826	790	873	987	1,044	1,133	1,208	1,440	1,522	1,508
Total Operating Income	829	796	882	999	1,057	1,142	1,217	1,454	1,529	1,510
Total Gross Profit	1,949	1,965	2,164	2,399	2,515	2,568	2,777	3,216	3,355	3,402
Total Revenue	3,869	3,962	4,391	4,965	5,334	5,647	6,011	6,981	7,347	7,546
Operating Revenue	3,869	3,962	4,391	4,965	5,334	5,647	6,011	6,981	7,347	7,546
Total Cost of Revenue	1,920	1,997	2,227	2,566	2,818	3,080	3,234	3,765	3,992	4,144
Operating Cost of Revenue	1,920	1,997	2,227	2,566	2,818	3,080	3,234	3,765	3,992	4,144
Total Operating Expenses	1,120	1,169	1,282	1,400	1,458	1,426	1,560	1,762	1,826	1,892
Selling, General & Admin Expense	1,122	1,170	1,283	1,400	1,458	1,426	1,560	1,762	1,826	1,892
Total Other Income / (Expense), net	-2.70	-6.10	-8.70	-12	-14	-9.10	-9.60	-14	-6.70	-1.90
Interest Expense	3.10	6.50	9.10	13	14	9.70	9.70	14	11	7.30
Interest & Investment Income	0.40	0.40	0.40	0.40	0.40	0.60	0.10	0.70	4.10	5.40
Income Tax Expense	310	290	295	235	253	274	283	353	367	358
Basic Earnings per Share	$1.77	$1.73	$1.00	$1.31	$1.38	$1.50	$1.61	$1.89	$2.02	$2.01
Weighted Average Basic Shares Outstanding	291.45M	288.95M	576.40M	573.93M	573.20M	573.78M	574.81M	573.78M	571.27M	572.71M
Diluted Earnings per Share	$1.77	$1.73	$1.00	$1.31	$1.38	$1.49	$1.60	$1.89	$2.02	$2.00
Weighted Average Diluted Shares Outstanding	292.05M	289.16M	576.70M	574.33M	574.44M	575.67M	577.12M	575.62M	573.01M	574.28M
Weighted Average Basic & Diluted Shares Outstanding	288.40M	288.70M	287.90M	285.93M	574.23M	574.32M	575.55M	570.83M	572.23M	573.42M
Cash Dividends to Common per Share	$1.12	$1.20	$1.28	$1.54	$0.87	$1.40	$1.12	$1.24	$1.78	$1.56

This table shows Fastenal's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	285	246	295	298	296	266	298	293	298	262
Consolidated Net Income / (Loss)	285	246	295	298	296	266	298	293	298	262
Net Income / (Loss) Continuing Operations	285	246	295	298	296	266	298	293	298	262
Total Pre-Tax Income	375	328	390	393	385	354	390	386	388	344
Total Operating Income	379	333	393	395	387	354	390	387	388	345
Total Gross Profit	827	768	850	858	848	799	862	864	859	818
Total Revenue	1,802	1,696	1,859	1,883	1,846	1,759	1,895	1,916	1,910	1,825
Operating Revenue	1,802	1,696	1,859	1,883	1,846	1,759	1,895	1,916	1,910	1,825
Total Cost of Revenue	976	927	1,009	1,026	998	959	1,034	1,053	1,052	1,006
Operating Cost of Revenue	976	927	1,009	1,026	998	959	1,034	1,053	1,052	1,006
Total Operating Expenses	447	435	457	463	461	446	471	477	471	473
Selling, General & Admin Expense	447	435	457	463	461	446	471	477	471	473
Total Other Income / (Expense), net	-3.90	-4.70	-3.50	-2.30	-1.30	0.40	-0.40	-0.50	-0.50	-0.50
Interest Expense	4.10	5.00	3.90	2.90	2.10	1.90	2.00	1.80	1.80	1.70
Interest & Investment Income	0.20	0.30	0.40	0.60	0.80	2.30	1.60	1.30	1.30	1.20
Income Tax Expense	91	83	95	95	90	88	92	94	90	82
Basic Earnings per Share	$0.50	$0.42	$0.52	$0.52	$0.52	$0.46	$0.52	$0.51	$0.52	$0.46
Weighted Average Basic Shares Outstanding	573.02M	573.78M	570.93M	571.14M	571.37M	571.27M	572.34M	572.58M	572.74M	572.71M
Diluted Earnings per Share	$0.50	$0.42	$0.52	$0.52	$0.52	$0.46	$0.52	$0.51	$0.52	$0.45
Weighted Average Diluted Shares Outstanding	574.74M	575.62M	572.63M	572.89M	573.10M	573.01M	574.09M	574.11M	574.18M	574.28M
Weighted Average Basic & Diluted Shares Outstanding	572.76M	570.83M	571.04M	571.33M	571.41M	572.23M	572.55M	572.65M	572.89M	573.42M

This table details how cash moves in and out of Fastenal's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	15	-16	4.20	50	7.70	71	-9.50	-6.10	-8.80	35
Net Cash From Operating Activities	550	520	585	674	843	1,102	770	941	1,433	1,173
Net Cash From Continuing Operating Activities	550	520	585	674	843	1,102	770	941	1,433	1,173
Net Income / (Loss) Continuing Operations	516	499	579	752	791	859	925	1,087	1,155	1,151
Consolidated Net Income / (Loss)	516	499	579	752	791	859	925	1,087	1,155	1,151
Depreciation Expense	86	104	124	134	145	153	160	166	167	165
Amortization Expense	0.50	0.50	3.80	4.10	4.10	9.10	11	11	11	11
Non-Cash Adjustments To Reconcile Net Income	13	12	12	13	10	12	7.00	6.50	5.20	5.50
Changes in Operating Assets and Liabilities, net	-66	-96	-133	-229	-107	69	-333	-329	95	-158
Net Cash From Investing Activities	-181	-188	-179	-174	-240	-282	-149	-163	-161	-215
Net Cash From Continuing Investing Activities	-181	-188	-179	-174	-240	-282	-149	-163	-161	-215
Purchase of Property, Plant & Equipment	-155	-190	-120	-176	-246	-168	-157	-174	-173	-227
Sale of Property, Plant & Equipment	9.90	6.50	7.40	9.50	6.60	11	8.40	11	12	12
Other Investing Activities, net	-12	-5.10	-8.10	-3.40	0.10	0.80	-0.30	-0.60	-0.60	-0.40
Net Cash From Financing Activities	-341	-347	-407	-447	-595	-754	-627	-775	-1,282	-914
Net Cash From Continuing Financing Activities	-341	-347	-407	-447	-595	-754	-627	-775	-1,282	-914
Repayment of Debt	-955	-920	-980	-895	-1,065	-940	-540	-1,630	-1,175	-835
Repurchase of Common Equity	-293	-60	-83	-103	0.00	-52	0.00	-238	0.00	0.00
Payment of Dividends	-327	-347	-369	-442	-499	-803	-644	-711	-1,017	-893
Issuance of Debt	1,215	950	1,015	980	910	1,000	525	1,795	880	775
Other Financing Activities, net	19	29	9.50	13	59	41	32	9.20	30	40
Effect of Exchange Rate Changes	-14	-1.30	5.50	-3.50	-0.20	5.10	-4.00	-9.20	1.40	-11
Cash Interest Paid	3.10	6.20	8.70	13	14	8.40	9.90	13	12	7.80
Cash Income Taxes Paid	327	248	304	215	243	260	294	354	383	357

This table details how cash moves in and out of Fastenal's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-16	-1.40	9.70	3.80	54	-76	16	18	37	-36
Net Cash From Operating Activities	258	302	389	302	388	354	336	258	297	283
Net Cash From Continuing Operating Activities	258	302	389	302	393	350	336	258	297	283
Net Income / (Loss) Continuing Operations	285	246	295	298	296	266	298	293	298	262
Consolidated Net Income / (Loss)	285	246	295	298	296	266	298	293	298	262
Depreciation Expense	41	42	42	42	42	41	40	41	42	42
Amortization Expense	2.70	2.60	2.70	2.70	2.60	2.70	2.70	2.70	2.60	2.70
Non-Cash Adjustments To Reconcile Net Income	-1.00	1.80	-0.10	2.90	1.50	0.90	0.50	1.20	1.10	2.70
Changes in Operating Assets and Liabilities, net	-70	9.80	49	-44	51	39	-5.50	-80	-47	-26
Net Cash From Investing Activities	-45	-41	-31	-54	-43	-33	-48	-53	-56	-58
Net Cash From Continuing Investing Activities	-45	-41	-31	-54	-43	-33	-48	-53	-56	-58
Purchase of Property, Plant & Equipment	-48	-43	-34	-56	-47	-36	-51	-56	-59	-60
Sale of Property, Plant & Equipment	3.60	1.30	2.80	2.00	4.00	3.40	2.50	3.50	3.60	2.80
Other Investing Activities, net	-0.10	0.10	-0.10	-0.30	-0.10	-0.10	-0.10	-0.10	-0.10	-0.10
Net Cash From Financing Activities	-221	-269	-349	-243	-287	-403	-267	-186	-211	-250
Net Cash From Continuing Financing Activities	-221	-269	-349	-243	-287	-403	-267	-186	-211	-250
Repayment of Debt	-645	-405	-385	-455	-245	-90	-220	-190	-200	-225
Payment of Dividends	-178	-177	-200	-200	-200	-417	-223	-223	-223	-223
Issuance of Debt	695	405	230	405	155	90	160	225	205	185
Other Financing Activities, net	2.00	1.40	5.90	6.60	2.90	15	16	2.80	7.70	13
Effect of Exchange Rate Changes	-9.00	6.80	1.10	-0.80	-4.30	5.40	-4.00	-1.40	6.40	-12
Cash Interest Paid	4.20	4.10	5.10	3.10	2.10	1.90	2.40	1.80	1.80	1.80
Cash Income Taxes Paid	82	97	9.70	184	94	95	16	166	88	87

This table presents Fastenal's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	2,532	2,669	2,911	3,322	3,800	3,965	4,299	4,549	4,463	4,698
Total Current Assets	1,665	1,721	1,936	2,316	2,457	2,500	2,857	3,125	3,021	3,212
Cash & Equivalents	129	113	117	167	175	246	236	230	221	256
Accounts Receivable	468	500	608	714	742	769	900	1,013	1,088	1,109
Inventories, net	913	993	1,093	1,279	1,366	1,338	1,524	1,708	1,523	1,645
Current Deferred & Refundable Income Taxes	23	13	0.00	9.00	17	6.70	8.50	8.10	18	19
Other Current Assets	132	103	118	147	157	140	188	165	172	184
Plant, Property, & Equipment, net	819	900	894	925	1,023	1,031	1,019	1,010	1,011	1,057
Total Noncurrent Assets	49	48	81	81	320	434	423	414	431	430
Other Noncurrent Operating Assets	49	48	81	81	320	434	423	414	431	430
Total Liabilities & Shareholders' Equity	2,532	2,669	2,911	3,322	3,800	3,965	4,299	4,549	4,463	4,698
Total Liabilities	731	736	814	1,019	1,134	1,232	1,257	1,385	1,114	1,082
Total Current Liabilities	373	276	351	437	545	613	682	790	661	687
Short-Term Debt	62	11	3.00	3.00	3.00	40	60	202	60	75
Accounts Payable	126	109	148	194	193	207	233	255	264	288
Accrued Expenses	185	156	194	241	252	272	298	241	241	226
Other Current Liabilities	-	-	-	0.00	97	94	91	92	96	99
Total Noncurrent Liabilities	358	460	463	581	590	619	575	596	453	395
Long-Term Debt	303	380	412	497	342	365	330	353	200	125
Noncurrent Deferred & Payable Income Tax Liabilities	55	81	51	84	99	102	89	84	73	69
Other Noncurrent Operating Liabilities	-	-	-	0.00	148	152	156	159	180	201
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	1,801	1,933	2,097	2,303	2,666	2,733	3,042	3,163	3,349	3,616
Total Preferred & Common Equity	1,801	1,933	2,097	2,303	2,666	2,733	3,042	3,163	3,349	3,616
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	1,801	1,933	2,097	2,303	2,666	2,733	3,042	3,163	3,349	3,616
Common Stock	4.92	40	11	5.90	70	65	102	9.30	47	94
Retained Earnings	1,843	1,940	2,111	2,342	2,634	2,690	2,971	3,219	3,357	3,614
Accumulated Other Comprehensive Income / (Loss)	-46	-47	-25	-45	-38	-21	-31	-65	-55	-92

This table presents Fastenal's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Total Assets	4,627	4,549	4,577	4,577	4,597	4,463	4,533	4,604	4,738	4,698
Total Current Assets	3,196	3,125	3,162	3,137	3,148	3,021	3,084	3,147	3,261	3,212
Cash & Equivalents	232	230	240	244	298	221	237	256	292	256
Accounts Receivable	1,111	1,013	1,150	1,172	1,171	1,088	1,213	1,205	1,201	1,109
Inventories, net	1,678	1,708	1,652	1,565	1,514	1,523	1,496	1,505	1,560	1,645
Current Deferred & Refundable Income Taxes	3.20	8.10	0.00	15	15	18	0.00	17	17	19
Other Current Assets	172	165	120	142	150	172	137	165	191	184
Plant, Property, & Equipment, net	1,009	1,010	1,004	1,010	1,012	1,011	1,013	1,026	1,044	1,057
Total Noncurrent Assets	423	414	412	430	437	431	436	431	434	430
Other Noncurrent Operating Assets	423	414	412	430	437	431	436	431	434	430
Total Liabilities & Shareholders' Equity	4,627	4,549	4,577	4,577	4,597	4,463	4,533	4,604	4,738	4,698
Total Liabilities	1,466	1,385	1,306	1,196	1,130	1,114	1,104	1,108	1,141	1,082
Total Current Liabilities	803	790	863	737	668	661	638	717	742	687
Short-Term Debt	150	202	200	150	60	60	0.00	110	115	75
Accounts Payable	277	255	267	262	275	264	276	293	302	288
Accrued Expenses	282	241	229	230	236	241	208	216	226	226
Other Current Liabilities	93	92	91	95	97	96	97	98	99	99
Total Noncurrent Liabilities	664	596	443	459	462	453	466	391	399	395
Long-Term Debt	405	353	200	200	200	200	200	125	125	125
Noncurrent Deferred & Payable Income Tax Liabilities	93	84	84	84	79	73	74	74	76	69
Other Noncurrent Operating Liabilities	166	159	159	175	183	180	192	192	199	201
Commitments & Contingencies	-	0.00	-	-	-	0.00	-	-	-	0.00
Total Equity & Noncontrolling Interests	3,161	3,163	3,271	3,381	3,467	3,349	3,429	3,496	3,597	3,616
Total Preferred & Common Equity	3,161	3,163	3,271	3,381	3,467	3,349	3,429	3,496	3,597	3,616
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,161	3,163	3,271	3,381	3,467	3,349	3,429	3,496	3,597	3,616
Common Stock	8.60	9.30	17	26	30	47	65	69	79	94
Retained Earnings	3,240	3,219	3,314	3,412	3,508	3,357	3,431	3,501	3,576	3,614
Accumulated Other Comprehensive Income / (Loss)	-87	-65	-61	-57	-72	-55	-67	-75	-57	-92

This table displays calculated financial ratios and metrics derived from Fastenal's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	3.63%	2.40%	10.82%	13.09%	7.42%	5.88%	6.44%	16.13%	5.24%	2.71%
EBITDA Growth	6.41%	-1.70%	12.16%	12.70%	6.02%	8.15%	6.43%	17.44%	4.65%	-1.21%
EBIT Growth	5.23%	-3.98%	10.81%	13.31%	5.80%	8.00%	6.62%	19.40%	5.17%	-1.22%
NOPAT Growth	4.82%	-2.86%	16.12%	30.26%	5.25%	8.10%	7.66%	17.68%	5.73%	-0.69%
Net Income Growth	4.50%	-3.29%	15.86%	29.95%	5.19%	8.62%	7.67%	17.50%	6.27%	-0.38%
EPS Growth	6.63%	-2.26%	15.86%	29.95%	5.34%	7.97%	7.38%	18.13%	6.88%	-0.99%
Operating Cash Flow Growth	10.19%	-5.52%	12.56%	15.21%	24.99%	30.75%	-30.11%	22.19%	52.25%	-18.11%
Free Cash Flow Firm Growth	17.11%	-11.15%	21.09%	30.25%	15.41%	34.66%	-22.29%	28.02%	56.59%	-22.34%
Invested Capital Growth	7.75%	8.50%	8.35%	10.04%	7.60%	2.00%	10.49%	9.14%	-2.88%	5.11%
Revenue Q/Q Growth	-0.09%	0.64%	3.31%	2.97%	0.86%	1.46%	2.98%	2.40%	0.87%	0.88%
EBITDA Q/Q Growth	-0.32%	0.75%	2.44%	3.05%	0.63%	2.32%	2.82%	2.08%	1.15%	-0.47%
EBIT Q/Q Growth	-1.17%	0.42%	2.42%	3.11%	0.52%	2.28%	3.09%	2.26%	1.39%	-0.60%
NOPAT Q/Q Growth	-1.15%	0.67%	7.02%	2.31%	1.15%	2.02%	3.93%	1.49%	1.48%	-0.31%
Net Income Q/Q Growth	-1.23%	0.58%	6.95%	2.23%	1.27%	2.07%	3.94%	1.34%	1.83%	-0.37%
EPS Q/Q Growth	0.00%	0.58%	6.95%	2.23%	1.47%	1.36%	3.23%	1.61%	2.02%	-0.50%
Operating Cash Flow Q/Q Growth	-3.19%	-2.86%	-0.63%	7.79%	9.68%	6.64%	-17.61%	18.29%	3.77%	-5.72%
Free Cash Flow Firm Q/Q Growth	-13.12%	18.20%	-4.91%	3.93%	13.73%	10.92%	-19.04%	19.18%	5.17%	-5.82%
Invested Capital Q/Q Growth	2.54%	0.14%	2.66%	2.31%	-0.13%	-2.24%	3.79%	0.10%	-1.21%	0.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	50.37%	49.59%	49.28%	48.32%	47.16%	45.47%	46.20%	46.07%	45.66%	45.08%
EBITDA Margin	23.66%	22.71%	22.99%	22.91%	22.61%	23.09%	23.09%	23.35%	23.22%	22.34%
Operating Margin	21.42%	20.09%	20.08%	20.12%	19.82%	20.22%	20.25%	20.82%	20.81%	20.01%
EBIT Margin	21.42%	20.09%	20.08%	20.12%	19.82%	20.22%	20.25%	20.82%	20.81%	20.01%
Profit (Net Income) Margin	13.35%	12.60%	13.18%	15.14%	14.83%	15.21%	15.39%	15.57%	15.72%	15.25%
Tax Burden Percent	62.51%	63.24%	66.27%	76.18%	75.78%	75.85%	76.59%	75.48%	75.89%	76.29%
Interest Burden Percent	99.67%	99.23%	99.01%	98.78%	98.72%	99.20%	99.21%	99.06%	99.56%	99.87%
Effective Tax Rate	37.49%	36.76%	33.73%	23.82%	24.22%	24.15%	23.41%	24.52%	24.11%	23.71%
Return on Invested Capital (ROIC)	26.38%	23.70%	25.38%	30.26%	29.29%	30.24%	30.63%	32.83%	33.75%	33.16%
ROIC Less NNEP Spread (ROIC-NNEP)	24.78%	22.19%	23.37%	27.32%	25.22%	26.05%	25.93%	28.54%	30.95%	50.12%
Return on Net Nonoperating Assets (RNNOA)	1.41%	3.05%	3.34%	3.92%	2.55%	1.59%	1.41%	2.20%	1.73%	-0.12%
Return on Equity (ROE)	27.79%	26.75%	28.71%	34.18%	31.84%	31.83%	32.03%	35.03%	35.47%	33.04%
Cash Return on Invested Capital (CROIC)	18.92%	15.54%	17.36%	20.70%	21.97%	28.25%	20.66%	24.09%	36.67%	28.18%
Operating Return on Assets (OROA)	33.89%	30.60%	31.61%	32.07%	29.69%	29.41%	29.46%	32.86%	33.93%	32.97%
Return on Assets (ROA)	21.11%	19.20%	20.74%	24.13%	22.21%	22.13%	22.39%	24.57%	25.63%	25.12%
Return on Common Equity (ROCE)	27.79%	26.75%	28.71%	34.18%	31.84%	31.83%	32.03%	35.03%	35.47%	33.04%
Return on Equity Simple (ROE_SIMPLE)	28.67%	25.83%	27.59%	32.65%	29.67%	31.43%	30.41%	34.36%	34.49%	31.82%
Net Operating Profit after Tax (NOPAT)	518	503	584	761	801	866	932	1,097	1,160	1,152
NOPAT Margin	13.39%	12.70%	13.31%	15.33%	15.02%	15.33%	15.51%	15.72%	15.79%	15.27%
Net Nonoperating Expense Percent (NNEP)	1.60%	1.50%	2.00%	2.95%	4.07%	4.19%	4.70%	4.29%	2.80%	-16.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	29.51%	32.15%	30.19%
Cost of Revenue to Revenue	49.63%	50.41%	50.72%	51.68%	52.84%	54.53%	53.80%	53.93%	54.34%	54.92%
SG&A Expenses to Revenue	28.99%	29.52%	29.22%	28.20%	27.34%	25.25%	25.95%	25.24%	24.85%	25.07%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.95%	29.51%	29.19%	28.19%	27.34%	25.25%	25.95%	25.24%	24.85%	25.07%
Earnings before Interest and Taxes (EBIT)	829	796	882	999	1,057	1,142	1,217	1,454	1,529	1,510
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	915	900	1,009	1,137	1,206	1,304	1,388	1,630	1,706	1,685
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	5.17	5.69	6.25	5.59	7.00	9.33	11.26	8.07	10.75	11.33
Price to Tangible Book Value (P/TBV)	5.17	5.69	6.25	5.59	7.00	9.33	11.26	8.07	10.75	11.33
Price to Revenue (P/Rev)	2.41	2.78	2.98	2.59	3.50	4.52	5.70	3.66	4.90	5.43
Price to Earnings (P/E)	18.02	22.04	22.63	17.12	23.58	29.68	37.03	23.49	31.16	35.60
Dividend Yield	3.49%	3.15%	2.81%	3.44%	2.68%	3.15%	2.55%	2.78%	2.83%	2.71%
Earnings Yield	5.55%	4.54%	4.42%	5.84%	4.24%	3.37%	2.70%	4.26%	3.21%	2.81%
Enterprise Value to Invested Capital (EV/IC)	4.68	5.10	5.59	5.01	6.64	8.87	10.77	7.41	10.63	11.49
Enterprise Value to Revenue (EV/Rev)	2.47	2.85	3.05	2.66	3.53	4.54	5.72	3.70	4.90	5.42
Enterprise Value to EBITDA (EV/EBITDA)	10.42	12.54	13.27	11.61	15.61	19.68	24.79	15.86	21.12	24.27
Enterprise Value to EBIT (EV/EBIT)	11.51	14.18	15.19	13.21	17.80	22.47	28.26	17.79	23.57	27.09
Enterprise Value to NOPAT (EV/NOPAT)	18.42	22.42	22.92	17.34	23.49	29.63	36.90	23.56	31.05	35.51
Enterprise Value to Operating Cash Flow (EV/OCF)	17.34	21.70	22.89	19.58	22.34	23.29	44.68	27.47	25.15	34.86
Enterprise Value to Free Cash Flow (EV/FCFF)	25.68	34.18	33.50	25.36	31.32	31.71	54.71	32.11	28.58	41.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.20	0.20	0.20	0.22	0.13	0.15	0.13	0.18	0.08	0.06
Long-Term Debt to Equity	0.17	0.20	0.20	0.22	0.13	0.13	0.11	0.11	0.06	0.03
Financial Leverage	0.06	0.14	0.14	0.14	0.10	0.06	0.05	0.08	0.06	0.00
Leverage Ratio	1.32	1.39	1.38	1.42	1.43	1.44	1.43	1.43	1.38	1.32
Compound Leverage Factor	1.31	1.38	1.37	1.40	1.42	1.43	1.42	1.41	1.38	1.31
Debt to Total Capital	16.85%	16.79%	16.52%	17.84%	11.46%	12.91%	11.36%	14.93%	7.20%	5.24%
Short-Term Debt to Total Capital	2.86%	0.45%	0.12%	0.11%	0.10%	1.27%	1.75%	5.43%	1.66%	1.97%
Long-Term Debt to Total Capital	13.98%	16.34%	16.40%	17.73%	11.36%	11.63%	9.61%	9.50%	5.54%	3.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	83.15%	83.21%	83.48%	82.16%	88.54%	87.09%	88.64%	85.07%	92.80%	94.76%
Debt to EBITDA	0.40	0.43	0.41	0.44	0.29	0.31	0.28	0.34	0.15	0.12
Net Debt to EBITDA	0.26	0.31	0.30	0.29	0.14	0.12	0.11	0.20	0.02	-0.03
Long-Term Debt to EBITDA	0.33	0.42	0.41	0.44	0.28	0.28	0.24	0.22	0.12	0.07
Debt to NOPAT	0.70	0.78	0.71	0.66	0.43	0.47	0.42	0.51	0.22	0.17
Net Debt to NOPAT	0.46	0.55	0.51	0.44	0.21	0.18	0.17	0.30	0.03	-0.05
Long-Term Debt to NOPAT	0.58	0.75	0.71	0.65	0.43	0.42	0.35	0.32	0.17	0.11
Altman Z-Score	11.88	13.11	13.83	11.73	13.76	16.32	20.26	15.25	23.85	27.11
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.46	6.24	5.51	5.30	4.51	4.08	4.19	3.96	4.57	4.67
Quick Ratio	1.60	2.22	2.06	2.02	1.68	1.66	1.67	1.57	1.98	1.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	372	330	400	521	601	809	629	805	1,261	979
Operating Cash Flow to CapEx	378.73%	284.10%	520.18%	404.20%	351.42%	699.56%	519.64%	579.43%	892.09%	548.01%
Free Cash Flow to Firm to Interest Expense	119.85	50.79	43.93	41.32	43.23	83.42	64.83	56.30	116.73	134.12
Operating Cash Flow to Interest Expense	177.52	79.98	64.31	53.51	60.63	113.59	79.39	65.80	132.66	160.73
Operating Cash Flow Less CapEx to Interest Expense	130.65	51.83	51.95	40.27	43.37	97.35	64.11	54.45	117.79	131.40
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.58	1.52	1.57	1.59	1.50	1.45	1.45	1.58	1.63	1.65
Accounts Receivable Turnover	8.32	8.19	7.93	7.51	7.33	7.47	7.20	7.30	6.99	6.87
Inventory Turnover	2.15	2.10	2.14	2.16	2.13	2.28	2.26	2.33	2.47	2.62
Fixed Asset Turnover	4.89	4.61	4.90	5.46	5.48	5.50	5.86	6.88	7.27	7.30
Accounts Payable Turnover	16.71	17.01	17.38	15.05	14.59	15.41	14.70	15.43	15.38	15.02
Days Sales Outstanding (DSO)	43.89	44.59	46.04	48.60	49.82	48.84	50.69	50.02	52.19	53.12
Days Inventory Outstanding (DIO)	169.40	174.19	170.94	168.66	171.28	160.24	161.47	156.65	147.69	139.50
Days Payable Outstanding (DPO)	21.85	21.45	21.00	24.26	25.02	23.69	24.84	23.66	23.73	24.30
Cash Conversion Cycle (CCC)	191.44	197.33	195.98	193.00	196.09	185.38	187.33	183.02	176.14	168.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	2,037	2,210	2,395	2,636	2,836	2,893	3,196	3,488	3,388	3,561
Invested Capital Turnover	1.97	1.87	1.91	1.97	1.95	1.97	1.97	2.09	2.14	2.17
Increase / (Decrease) in Invested Capital	147	173	185	241	200	57	304	292	-101	173
Enterprise Value (EV)	9,542	11,283	13,393	13,202	18,822	25,661	34,407	25,852	36,026	40,904
Market Capitalization	9,306	11,006	13,095	12,870	18,652	25,502	34,253	25,528	35,987	40,960
Book Value per Share	$6.22	$6.69	$7.30	$8.02	$4.65	$4.76	$5.29	$5.52	$5.86	$6.31
Tangible Book Value per Share	$6.22	$6.69	$7.30	$8.02	$4.65	$4.76	$5.29	$5.52	$5.86	$6.31
Total Capital	2,166	2,323	2,512	2,803	3,011	3,138	3,432	3,718	3,609	3,816
Total Debt	365	390	415	500	345	405	390	555	260	200
Total Long-Term Debt	303	380	412	497	342	365	330	353	200	125
Net Debt	236	277	298	333	170	159	154	325	39	-56
Capital Expenditures (CapEx)	145	183	113	167	240	158	148	162	161	214
Debt-free, Cash-free Net Working Capital (DFCFNWC)	1,225	1,343	1,471	1,715	1,741	1,681	1,998	2,307	2,198	2,344
Debt-free Net Working Capital (DFNWC)	1,354	1,456	1,588	1,882	1,916	1,927	2,234	2,537	2,420	2,600
Net Working Capital (NWC)	1,292	1,445	1,585	1,879	1,913	1,887	2,174	2,335	2,360	2,525
Net Nonoperating Expense (NNE)	1.69	3.86	5.77	9.29	10	6.90	7.35	10	5.08	1.45
Net Nonoperating Obligations (NNO)	236	277	298	333	170	159	154	325	39	-56
Total Depreciation and Amortization (D&A)	87	104	127	138	149	162	171	177	177	175
Debt-free, Cash-free Net Working Capital to Revenue	31.65%	33.89%	33.50%	34.53%	32.63%	29.77%	33.24%	33.04%	29.92%	31.06%
Debt-free Net Working Capital to Revenue	34.99%	36.74%	36.16%	37.90%	35.91%	34.12%	37.17%	36.34%	32.93%	34.45%
Net Working Capital to Revenue	33.38%	36.47%	36.09%	37.84%	35.86%	33.41%	36.17%	33.45%	32.12%	33.46%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.38	$1.50	$1.61	$1.89	$2.02	$2.01
Adjusted Weighted Average Basic Shares Outstanding	0.00	0.00	0.00	0.00	573.20M	573.78M	574.81M	573.78M	571.27M	572.71M
Adjusted Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$1.38	$1.49	$1.60	$1.89	$2.02	$2.00
Adjusted Weighted Average Diluted Shares Outstanding	0.00	0.00	0.00	0.00	574.40M	575.67M	577.12M	575.62M	573.01M	574.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	0.00	0.00	0.00	0.00	574.23M	574.32M	575.55M	570.83M	572.23M	573.42M
Normalized Net Operating Profit after Tax (NOPAT)	517	503	584	761	801	866	932	1,097	1,160	1,152
Normalized NOPAT Margin	13.37%	12.69%	13.29%	15.32%	15.02%	15.33%	15.51%	15.72%	15.79%	15.27%
Pre Tax Income Margin	21.35%	19.93%	19.89%	19.88%	19.57%	20.06%	20.09%	20.63%	20.72%	19.99%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	267.35	122.43	96.90	79.30	76.06	117.71	125.51	101.65	141.55	206.85
NOPAT to Interest Expense	167.13	77.42	64.22	60.41	57.64	89.28	96.12	76.72	107.42	157.82
EBIT Less CapEx to Interest Expense	220.48	94.28	84.54	66.06	58.81	101.47	110.23	90.29	126.68	177.52
NOPAT Less CapEx to Interest Expense	120.25	49.27	51.85	47.17	40.38	73.04	80.84	65.37	92.54	128.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	63.34%	69.40%	63.79%	58.77%	63.04%	93.52%	69.59%	65.44%	88.03%	77.64%
Augmented Payout Ratio	120.06%	81.32%	78.07%	72.47%	63.04%	99.57%	69.59%	87.32%	88.03%	77.64%

This table displays calculated financial ratios and metrics derived from Fastenal's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	15.97%	10.67%	9.10%	5.88%	2.41%	3.72%	1.94%	1.76%	3.48%	3.75%
EBITDA Growth	17.19%	9.64%	8.91%	2.93%	1.91%	5.14%	-1.05%	-2.09%	0.26%	-1.99%
EBIT Growth	19.10%	10.67%	9.83%	3.00%	1.98%	6.28%	-0.76%	-2.03%	0.36%	-2.57%
NOPAT Growth	17.24%	6.93%	9.73%	3.67%	3.11%	6.82%	0.09%	-2.22%	0.67%	-1.36%
Net Income Growth	16.88%	6.23%	9.46%	3.80%	3.83%	8.47%	0.88%	-1.78%	0.88%	-1.61%
EPS Growth	19.05%	7.69%	10.64%	4.00%	4.00%	9.52%	0.00%	-1.92%	0.00%	-2.17%
Operating Cash Flow Growth	54.06%	93.03%	68.91%	99.80%	50.48%	17.26%	-13.62%	-14.60%	-23.50%	-20.11%
Free Cash Flow Firm Growth	-194.45%	39.05%	197.28%	235.96%	398.53%	953.11%	140.93%	22.88%	-48.20%	-75.60%
Invested Capital Growth	13.17%	9.14%	4.83%	1.50%	-1.60%	-2.88%	-1.13%	-0.35%	3.39%	5.11%
Revenue Q/Q Growth	1.34%	-5.93%	9.65%	1.29%	-1.98%	-4.73%	7.76%	1.11%	-0.31%	-4.49%
EBITDA Q/Q Growth	-0.94%	-10.77%	15.89%	0.48%	-1.91%	-7.95%	9.07%	-0.58%	0.44%	-10.01%
EBIT Q/Q Growth	-1.10%	-12.18%	18.08%	0.43%	-2.08%	-8.48%	10.26%	-0.85%	0.31%	-11.16%
NOPAT Q/Q Growth	-0.55%	-13.37%	19.52%	0.67%	-1.08%	-10.25%	11.99%	-1.65%	1.84%	-12.06%
Net Income Q/Q Growth	-0.87%	-13.70%	20.15%	0.98%	-0.84%	-9.85%	11.75%	-1.68%	1.84%	-12.08%
EPS Q/Q Growth	0.00%	-16.00%	23.81%	0.00%	0.00%	-11.54%	13.04%	-1.92%	1.96%	-13.46%
Operating Cash Flow Q/Q Growth	70.57%	17.06%	28.69%	-22.24%	28.47%	-8.79%	-5.20%	-23.12%	15.08%	-4.75%
Free Cash Flow Firm Q/Q Growth	35.43%	63.56%	425.12%	77.71%	41.78%	4.15%	-8.18%	-9.36%	-40.24%	-50.94%
Invested Capital Q/Q Growth	1.42%	0.10%	-1.64%	1.64%	-1.67%	-1.21%	0.14%	2.45%	2.02%	0.43%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	45.86%	45.32%	45.72%	45.54%	45.92%	45.46%	45.46%	45.06%	44.95%	44.85%
EBITDA Margin	23.49%	22.28%	23.54%	23.36%	23.37%	22.58%	22.85%	22.47%	22.64%	21.33%
Operating Margin	21.04%	19.64%	21.15%	20.97%	20.95%	20.12%	20.59%	20.19%	20.32%	18.90%
EBIT Margin	21.04%	19.64%	21.15%	20.97%	20.95%	20.12%	20.59%	20.19%	20.32%	18.90%
Profit (Net Income) Margin	15.79%	14.49%	15.87%	15.83%	16.01%	15.15%	15.71%	15.28%	15.61%	14.37%
Tax Burden Percent	75.83%	74.81%	75.72%	75.90%	76.67%	75.19%	76.37%	75.75%	76.91%	76.13%
Interest Burden Percent	98.97%	98.59%	99.11%	99.42%	99.66%	100.11%	99.90%	99.87%	99.87%	99.86%
Effective Tax Rate	24.17%	25.19%	24.28%	24.10%	23.33%	24.81%	23.63%	24.25%	23.09%	23.87%
Return on Invested Capital (ROIC)	33.14%	30.69%	34.10%	33.29%	33.84%	32.34%	34.03%	32.58%	33.52%	31.25%
ROIC Less NNEP Spread (ROIC-NNEP)	31.79%	29.22%	32.27%	32.33%	33.15%	32.50%	33.53%	31.70%	34.38%	35.70%
Return on Net Nonoperating Assets (RNNOA)	2.27%	2.25%	1.46%	1.79%	1.43%	1.81%	0.62%	0.40%	-0.44%	-0.09%
Return on Equity (ROE)	35.41%	32.94%	35.56%	35.09%	35.27%	34.15%	34.65%	32.98%	33.08%	31.16%
Cash Return on Invested Capital (CROIC)	20.58%	24.09%	28.81%	31.28%	34.68%	36.67%	35.15%	33.49%	29.81%	28.18%
Operating Return on Assets (OROA)	32.41%	30.99%	33.38%	33.12%	33.08%	32.81%	33.37%	32.62%	32.56%	31.13%
Return on Assets (ROA)	24.33%	22.86%	25.05%	24.99%	25.28%	24.70%	25.46%	24.68%	25.01%	23.67%
Return on Common Equity (ROCE)	35.41%	32.94%	35.56%	35.09%	35.27%	34.15%	34.65%	32.98%	33.08%	31.16%
Return on Equity Simple (ROE_SIMPLE)	33.93%	0.00%	34.01%	33.23%	32.72%	0.00%	33.76%	32.96%	32.10%	0.00%
Net Operating Profit after Tax (NOPAT)	288	249	298	300	296	266	298	293	298	262
NOPAT Margin	15.95%	14.69%	16.02%	15.92%	16.06%	15.13%	15.73%	15.29%	15.63%	14.39%
Net Nonoperating Expense Percent (NNEP)	1.35%	1.47%	1.82%	0.96%	0.70%	-0.17%	0.50%	0.88%	-0.86%	-4.45%
Return On Investment Capital (ROIC_SIMPLE)	-	6.70%	-	-	-	7.37%	-	-	-	6.88%
Cost of Revenue to Revenue	54.14%	54.68%	54.28%	54.46%	54.08%	54.54%	54.54%	54.94%	55.05%	55.15%
SG&A Expenses to Revenue	24.82%	25.68%	24.57%	24.57%	24.97%	25.33%	24.87%	24.87%	24.63%	25.95%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	24.82%	25.68%	24.57%	24.57%	24.97%	25.33%	24.87%	24.87%	24.63%	25.95%
Earnings before Interest and Taxes (EBIT)	379	333	393	395	387	354	390	387	388	345
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	423	378	438	440	431	397	433	431	433	389
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	7.92	8.07	9.03	9.62	8.74	10.75	12.71	10.23	11.37	11.33
Price to Tangible Book Value (P/TBV)	7.92	8.07	9.03	9.62	8.74	10.75	12.71	10.23	11.37	11.33
Price to Revenue (P/Rev)	3.67	3.66	4.14	4.49	4.16	4.90	5.90	4.82	5.47	5.43
Price to Earnings (P/E)	23.34	23.49	26.54	28.94	26.72	31.16	37.64	31.05	35.41	35.60
Dividend Yield	2.78%	2.78%	2.47%	2.32%	2.56%	2.83%	2.39%	2.98%	2.66%	2.71%
Earnings Yield	4.29%	4.26%	3.77%	3.46%	3.74%	3.21%	2.66%	3.22%	2.82%	2.81%
Enterprise Value to Invested Capital (EV/IC)	7.28	7.41	8.65	9.35	8.83	10.63	12.84	10.29	11.52	11.49
Enterprise Value to Revenue (EV/Rev)	3.72	3.70	4.16	4.51	4.16	4.90	5.90	4.82	5.46	5.42
Enterprise Value to EBITDA (EV/EBITDA)	15.87	15.86	17.82	19.43	17.95	21.12	25.59	21.13	24.12	24.27
Enterprise Value to EBIT (EV/EBIT)	17.83	17.79	19.94	21.74	20.08	23.57	28.54	23.56	26.89	27.09
Enterprise Value to NOPAT (EV/NOPAT)	23.45	23.56	26.42	28.76	26.48	31.05	37.52	30.99	35.34	35.51
Enterprise Value to Operating Cash Flow (EV/OCF)	31.87	27.47	27.00	26.09	21.93	25.15	31.56	26.77	32.82	34.86
Enterprise Value to Free Cash Flow (EV/FCFF)	37.53	32.11	30.74	30.12	25.25	28.58	36.31	30.67	39.29	41.78
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.18	0.18	0.12	0.10	0.08	0.08	0.06	0.07	0.07	0.06
Long-Term Debt to Equity	0.13	0.11	0.06	0.06	0.06	0.06	0.06	0.04	0.03	0.03
Financial Leverage	0.07	0.08	0.05	0.06	0.04	0.06	0.02	0.01	-0.01	0.00
Leverage Ratio	1.44	1.43	1.41	1.40	1.39	1.38	1.36	1.34	1.32	1.32
Compound Leverage Factor	1.43	1.41	1.40	1.39	1.39	1.39	1.36	1.33	1.32	1.31
Debt to Total Capital	14.93%	14.93%	10.90%	9.38%	6.98%	7.20%	5.51%	6.30%	6.25%	5.24%
Short-Term Debt to Total Capital	4.04%	5.43%	5.45%	4.02%	1.61%	1.66%	0.00%	2.95%	3.00%	1.97%
Long-Term Debt to Total Capital	10.89%	9.50%	5.45%	5.36%	5.37%	5.54%	5.51%	3.35%	3.26%	3.28%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	85.07%	85.07%	89.10%	90.62%	93.02%	92.80%	94.49%	93.70%	93.75%	94.76%
Debt to EBITDA	0.35	0.34	0.24	0.21	0.15	0.15	0.12	0.14	0.14	0.12
Net Debt to EBITDA	0.20	0.20	0.10	0.06	-0.02	0.02	-0.02	-0.01	-0.03	-0.03
Long-Term Debt to EBITDA	0.25	0.22	0.12	0.12	0.12	0.12	0.12	0.07	0.07	0.07
Debt to NOPAT	0.51	0.51	0.36	0.31	0.23	0.22	0.17	0.20	0.21	0.17
Net Debt to NOPAT	0.30	0.30	0.14	0.09	-0.03	0.03	-0.03	-0.02	-0.05	-0.05
Long-Term Debt to NOPAT	0.37	0.32	0.18	0.18	0.18	0.17	0.17	0.11	0.11	0.11
Altman Z-Score	13.59	14.44	17.02	19.85	19.67	22.98	27.31	22.96	25.05	26.29
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.98	3.96	3.66	4.26	4.71	4.57	4.83	4.39	4.40	4.67
Quick Ratio	1.67	1.57	1.61	1.92	2.20	1.98	2.27	2.04	2.01	1.99
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-118	-43	140	248	352	367	337	305	182	89
Operating Cash Flow to CapEx	580.86%	727.47%	1,257.28%	560.48%	904.66%	1,075.99%	694.82%	490.49%	532.08%	492.68%
Free Cash Flow to Firm to Interest Expense	-28.77	-8.60	35.83	85.64	167.67	193.00	168.35	169.54	101.32	52.64
Operating Cash Flow to Interest Expense	62.90	60.38	99.62	104.17	184.81	186.32	167.80	143.33	164.94	166.35
Operating Cash Flow Less CapEx to Interest Expense	52.07	52.08	91.69	85.59	164.38	169.00	143.65	114.11	133.94	132.59
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	1.54	1.58	1.58	1.58	1.58	1.63	1.62	1.62	1.60	1.65
Accounts Receivable Turnover	6.62	7.30	6.42	6.36	6.38	6.99	6.25	6.24	6.31	6.87
Inventory Turnover	2.38	2.33	2.38	2.44	2.48	2.47	2.55	2.63	2.67	2.62
Fixed Asset Turnover	6.72	6.88	7.09	7.17	7.21	7.27	7.32	7.28	7.28	7.30
Accounts Payable Turnover	13.69	15.43	13.88	14.22	14.34	15.38	14.80	14.58	14.21	15.02
Days Sales Outstanding (DSO)	55.15	50.02	56.81	57.36	57.17	52.19	58.41	58.48	57.86	53.12
Days Inventory Outstanding (DIO)	153.67	156.65	153.66	149.73	147.10	147.69	143.04	138.56	136.90	139.50
Days Payable Outstanding (DPO)	26.66	23.66	26.30	25.67	25.45	23.73	24.66	25.03	25.69	24.30
Cash Conversion Cycle (CCC)	182.17	183.02	184.18	181.42	178.81	176.14	176.79	172.01	169.07	168.32
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	3,485	3,488	3,431	3,487	3,429	3,388	3,392	3,475	3,545	3,561
Invested Capital Turnover	2.08	2.09	2.13	2.09	2.11	2.14	2.16	2.13	2.15	2.17
Increase / (Decrease) in Invested Capital	406	292	158	51	-56	-101	-39	-12	116	173
Enterprise Value (EV)	25,352	25,852	29,684	32,619	30,274	36,026	43,540	35,755	40,846	40,904
Market Capitalization	25,028	25,528	29,524	32,512	30,311	35,987	43,577	35,776	40,898	40,960
Book Value per Share	$5.50	$5.52	$5.73	$5.92	$6.07	$5.86	$5.99	$6.11	$6.28	$6.31
Tangible Book Value per Share	$5.50	$5.52	$5.73	$5.92	$6.07	$5.86	$5.99	$6.11	$6.28	$6.31
Total Capital	3,716	3,718	3,671	3,731	3,727	3,609	3,629	3,731	3,837	3,816
Total Debt	555	555	400	350	260	260	200	235	240	200
Total Long-Term Debt	405	353	200	200	200	200	200	125	125	125
Net Debt	324	325	160	106	-38	39	-37	-21	-52	-56
Capital Expenditures (CapEx)	44	42	31	54	43	33	48	53	56	57
Debt-free, Cash-free Net Working Capital (DFCFNWC)	2,312	2,307	2,259	2,307	2,242	2,198	2,209	2,284	2,342	2,344
Debt-free Net Working Capital (DFNWC)	2,543	2,537	2,498	2,550	2,540	2,420	2,446	2,540	2,634	2,600
Net Working Capital (NWC)	2,393	2,335	2,298	2,400	2,480	2,360	2,446	2,430	2,519	2,525
Net Nonoperating Expense (NNE)	2.96	3.52	2.65	1.75	1.00	-0.30	0.31	0.38	0.38	0.38
Net Nonoperating Obligations (NNO)	324	325	160	106	-38	39	-37	-21	-52	-56
Total Depreciation and Amortization (D&A)	44	45	45	45	45	43	43	44	44	44
Debt-free, Cash-free Net Working Capital to Revenue	33.91%	33.04%	31.65%	31.86%	30.78%	29.92%	29.91%	30.80%	31.31%	31.06%
Debt-free Net Working Capital to Revenue	37.31%	36.34%	35.01%	35.23%	34.87%	32.93%	33.13%	34.25%	35.21%	34.45%
Net Working Capital to Revenue	35.10%	33.45%	32.21%	33.15%	34.05%	32.12%	33.13%	32.76%	33.67%	33.46%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.50	$0.42	$0.52	$0.52	$0.52	$0.46	$0.52	$0.51	$0.52	$0.46
Adjusted Weighted Average Basic Shares Outstanding	573.02M	573.78M	570.93M	571.14M	571.37M	571.27M	572.34M	572.58M	572.74M	572.71M
Adjusted Diluted Earnings per Share	$0.50	$0.42	$0.52	$0.52	$0.52	$0.46	$0.52	$0.51	$0.52	$0.45
Adjusted Weighted Average Diluted Shares Outstanding	574.74M	575.62M	572.63M	572.89M	573.10M	573.01M	574.09M	574.11M	574.18M	574.28M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	572.76M	570.83M	571.04M	571.33M	571.41M	572.23M	572.55M	572.65M	572.89M	573.42M
Normalized Net Operating Profit after Tax (NOPAT)	288	249	298	300	296	266	298	293	298	262
Normalized NOPAT Margin	15.95%	14.69%	16.02%	15.92%	16.06%	15.13%	15.73%	15.29%	15.63%	14.39%
Pre Tax Income Margin	20.82%	19.36%	20.96%	20.85%	20.88%	20.15%	20.57%	20.16%	20.29%	18.87%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	92.49	66.60	100.82	136.17	184.14	186.26	195.10	214.94	215.61	202.82
NOPAT to Interest Expense	70.14	49.82	76.35	103.36	141.19	140.05	149.00	162.82	165.82	154.40
EBIT Less CapEx to Interest Expense	81.66	58.30	92.90	117.59	163.71	168.95	170.95	185.72	184.61	169.06
NOPAT Less CapEx to Interest Expense	59.31	41.52	68.42	84.77	120.76	122.74	124.85	133.60	134.82	120.64
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	64.85%	65.44%	65.87%	67.13%	68.45%	88.03%	89.86%	92.30%	94.14%	77.64%
Augmented Payout Ratio	78.33%	87.32%	65.87%	67.13%	68.45%	88.03%	89.86%	92.30%	94.14%	77.64%

Frequently Asked Questions About Fastenal's Financials

When does Fastenal's financial year end?

According to the most recent income statement we have on file, Fastenal's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Fastenal's net income changed over the last 9 years?

Fastenal's net income appears to be on an upward trend, with a most recent value of $1.15 billion in 2024, rising from $516.40 million in 2015. The previous period was $1.16 billion in 2023.

What is Fastenal's operating income?

Fastenal's total operating income in 2024 was $1.51 billion, based on the following breakdown:

Total Gross Profit: $3.40 billion
Total Operating Expenses: $1.89 billion

How has Fastenal revenue changed over the last 9 years?

Over the last 9 years, Fastenal's total revenue changed from $3.87 billion in 2015 to $7.55 billion in 2024, a change of 95.0%.

How much debt does Fastenal have?

Fastenal's total liabilities were at $1.08 billion at the end of 2024, a 2.9% decrease from 2023, and a 47.9% increase since 2015.

How much cash does Fastenal have?

In the past 9 years, Fastenal's cash and equivalents has ranged from $112.70 million in 2016 to $255.80 million in 2024, and is currently $255.80 million as of their latest financial filing in 2024.

How has Fastenal's book value per share changed over the last 9 years?

Over the last 9 years, Fastenal's book value per share changed from 6.22 in 2015 to 6.31 in 2024, a change of 1.5%.

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This page (NASDAQ:FAST) was last updated on 4/15/2025 by MarketBeat.com Staff

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Fastenal (FAST) Financials

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Fastenal (FAST) Financials

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