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Fastenal Company (FAST)

NEUTRAL
IndustrialsIndustrial DistributionUnited States

Fundamental

66

Precio

$50.58

Capitalización Bursátil

$58.84B

Parte 1 · Cuánto vale la empresa

Resumen

Fastenal distributes the small industrial and construction supplies that keep a factory or job site running — fasteners, safety equipment, tools, and janitorial and cutting supplies — sourced from thousands of manufacturers and resold through a network of local branches and onsite vending machines placed inside customer facilities. It does not manufacture what it sells; its business is logistics and availability: getting a specific bolt or glove to a customer's shop floor faster and more reliably than the customer could stock it themselves.

Cómo genera ingresos

Revenue comes from selling physical products at a markup over what Fastenal pays its suppliers, recognized when goods are delivered or, increasingly, dispensed from an onsite vending machine. The company splits customers into contract accounts — larger, multi-site or government customers on negotiated pricing — and non-contract accounts, which are smaller and buy less often; contract customers generate steadier, more predictable volume because Fastenal embeds vending machines and inventory-management tools directly inside their facilities.

Ingresos por segmento

Other Products47.3%

Tools, janitorial supplies, cutting tools, electrical and welding supplies and other categories grouped outside the two largest lines.

Fasteners30.5%

Bolts, screws, nuts and other threaded fasteners — Fastenal's original product line and still its largest single category.

Safety Supplies22.2%

Gloves, eyewear, protective clothing and other workplace safety products, the fastest-growing major category in recent years.

Ventaja competitiva

Escala · Estrecha

Fastenal's advantage is density: tens of thousands of vending machines and onsite lockers installed directly inside customer facilities create a habit of reordering through Fastenal rather than shopping around, and the logistics network needed to restock them profitably took decades to build. Grainger and MSC Industrial run comparable networks, though, so the advantage is a matter of degree rather than a barrier competitors cannot cross.

Qué impulsa la demanda

Moderadamente cíclico

Demand follows how much factories are producing and how much construction is underway, both of which slow when manufacturers cut shifts or builders pause projects in a weaker economy. The products themselves are consumables that get used up regardless — a factory still needs bolts and gloves to keep running — which cushions the swings compared to a distributor of big-ticket equipment, but does not remove them.

Riesgos clave

  • Exposure to manufacturing and construction cycles — A large share of sales goes to manufacturing and non-residential construction customers, so a slowdown in factory output or building activity reduces order volume across the branch and vending network.
  • Competition from larger and online distributors — Grainger, MSC Industrial and online industrial marketplaces compete for the same contract customers, and a rival's lower price or faster delivery can shift volume away from Fastenal's branches.
  • Dependence on the vending and onsite model — Much of recent growth comes from installing vending machines and onsite inventory inside customer facilities; if that model saturates or a large customer removes the equipment, growth slows more than a simple branch-network model would.
  • Tariffs and import cost exposure — A meaningful share of the products Fastenal resells is imported, so tariff changes can raise costs faster than the company can pass them through to contract customers on negotiated pricing.

Los argumentos a favor

Buyers argue that the vending and onsite inventory network keeps deepening Fastenal's presence inside customer facilities, that safety supplies are growing faster than the legacy fastener business and diversifying revenue, and that the branch density built over decades is hard for a newer entrant to replicate.

Los argumentos en contra

Sellers fear that a manufacturing slowdown hits order volume directly, that Grainger and online industrial distributors can match Fastenal's service with deep enough pockets, and that a business built on thin per-item margins leaves little room to absorb tariff or freight cost increases.

Datos por segmento del ejercicio fiscal 2025Fuentes: Fastenal Co — Form 10-K, esercizio 2025Fastenal Co SEC 10-K Report

Written by the editors, published on 18 de agosto de 2026

Direct competitors

Who this company fights with for the same customers

No editorial profile for this company yet

No competitor list for this company yet.

Balance y Liquidez

Ingresos

$8.75B

Últimos 12 meses (hasta 30/6/2026)

Beneficio Neto

$1.35B

Últimos 12 meses (hasta 30/6/2026)

Flujo de Caja Libre

$1.05B

Patrimonio Neto Total

$3.94B

Pasivo Total

$1.11B

Ratio de Liquidez

4.18

Cobertura de Intereses

412.81

Deuda/EBITDA

0.24

Beneficio Por Acción

Ingresos y Beneficio Neto

Flujo de Caja Libre

Desglose de Ingresos

Estado histórico

Márgenes en el tiempo

La deuda en el tiempo

Cuánto pesa la deuda

Cuadro de crecimiento

Crecimiento — Ingresos

Estimación de Valor Justo

Sobrevalorado

Valor Justo

$36.29

Precio Actual

$50.58

Margen de Seguridad

-39.4%

Rango de Valor Justo

$24.95 - $47.63

Métodos de Estimación

Analyst Target:$48.53
DCF:$26.43
PE-based:$40.76
Graham Growth:$25.14
EPV:$14.65
Consenso de Analistas:Mantener (11B / 10H / 5S)
Última Sorpresa de Resultados:-1.29%

Métricas de Valoración

Ratio P/E

43.83

ROE

31.9%

Ratio P/B

14.46

P/FCF

50.91

Margen Bruto

44.7%

ROIC

31.8%

Radar de Rentabilidad

Value Creation (Economic Moat)

ROIC

31.8%

WACC

8.3%

ROIC − WACC

+23.5 pp

ROIC exceeds the cost of capital — the company is creating value for shareholders.

Criterios de Análisis Fundamental

Superado (19)

  • EPS shows upward trend
  • Price CAGR 15.88%
  • ROIC 31.8%
  • Gross Margin 44.7%
  • Debt/Equity ratio
  • Operating Margin 20.3%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Interest Coverage
  • Debt/EBITDA
  • Return on Tangible Assets
  • Low reliance on intangibles
  • ROE 34.0%
  • Revenue Growth 5Y 7.8%
  • Earnings Quality (OCF/NI) 1.03
  • Share Dilution 0.3%
  • Net Margin Trend 15.5% vs 15.3%
  • Piotroski F-Score 8/9

Fallido (8)

  • EPS CAGR 3.59%
  • P/FCF 50.91
  • P/B Ratio 14.46
  • Price below Graham Number
  • DCF valuation (Overvalued)
  • Analyst Consensus 42% Buy
  • Earnings Surprise avg -2.1%
  • PEG Ratio 5.52

No disponible (1)

  • Dividend Payout NaN%

Piotroski F-Score

8/9

Solidez financiera fuerte

score
criteria

Calidad de los Beneficios

1.03

Alta calidad: beneficios respaldados por efectivo

Dilución de Acciones

0.3%

El número de acciones es estable

Gobernanza

Equipo Directivo

NombreCargoEdad
Mr. Jeffery Michael WattsPresident, CEO & Director53
Mr. Max H. TunnicliffSenior EVP & CFO46
Ms. Sheryl Ann LisowskiExecutive VP, Chief Accounting Officer & Treasurer58
Mr. Daniel L. FlornessStrategic Advisor to the CEO62
Mr. John Lewis SoderbergSenior Executive Vice President of Information Technology54
Mr. Charles S. MillerSenior Executive Vice President of Sales51
Ms. Anthony P. BroersmaExecutive Vice President of Operations44
Mr. John J. MilekVP & General Counsel-
Ms. Donnalee K. PapenfussExecutive VP of Strategy & Communications60
Ms. Noelle Joan Oas J.D.Executive Vice President of Human Resources40

Riesgo de Auditoría

2

Riesgo del Consejo

6

Riesgo de Compensación

9

Riesgo de Derechos del Accionista

1

Parte 2 · El precio y el momento de entrar

Esta parte no sirve para saber si la empresa vale: sirve para elegir cuándo comprarla, una vez que los fundamentales te han convencido. Dentro: análisis técnico, potencial, caídas históricas, exposición gamma.

Latest News

Recent headlines for FAST, sourced from Markets Gazette.

  • 4/8/2026NEUTRAL
    Fastenal Gears Up For Q1 Print; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts

    Fastenal Company (NASDAQ: FAST) is scheduled to report its Q1 earnings on April 13th. Current analyst consensus forecasts earnings per share of $0.30 and revenue of $2.19 billion. The stock experienced a slight decline of 0.5% on Tuesday. Recent analyst rating changes include Wells Fargo upgrading its rating from Underweight to Equal-Weight in March 2022, and Morgan Stanley maintaining an Underweight rating in January 2022. Investors will be closely watching the earnings report for any deviations from these expectations, which could influence future stock performance.

  • 2/26/2026POSITIVE
    Here's How Much You Would Have Made Owning Fastenal Stock In The Last 10 Years

    A recent analysis highlights the remarkable performance of Fastenal stock over the past ten years, revealing significant appreciation for long-term investors. This data underscores the company's strength in the industrial product distribution sector and its ability to generate consistent value over time. For investors, Fastenal's history serves as an example of how choosing companies with robust fundamentals and effective management can translate into consistent returns, even during periods of market volatility. The demonstrated stability and growth make Fastenal an interesting case study for those seeking durable investment opportunities.

via Markets Gazette