Fastenal Company (FAST)
NEUTRALFundamental
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
Tools, janitorial supplies, cutting tools, electrical and welding supplies and other categories grouped outside the two largest lines.
Bolts, screws, nuts and other threaded fasteners — Fastenal's original product line and still its largest single category.
Gloves, eyewear, protective clothing and other workplace safety products, the fastest-growing major category in recent years.
Ventaja competitiva
Escala · EstrechaFastenal'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 cíclicoDemand 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.
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
Valor Justo
$36.29
Precio Actual
$50.58
Margen de Seguridad
-39.4%
Rango de Valor Justo
$24.95 - $47.63
Métodos de Estimación
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
Solidez financiera fuerte
Calidad de los Beneficios
Alta calidad: beneficios respaldados por efectivo
Dilución de Acciones
El número de acciones es estable
Gobernanza
Equipo Directivo
| Nombre | Cargo | Edad |
|---|---|---|
| Mr. Jeffery Michael Watts | President, CEO & Director | 53 |
| Mr. Max H. Tunnicliff | Senior EVP & CFO | 46 |
| Ms. Sheryl Ann Lisowski | Executive VP, Chief Accounting Officer & Treasurer | 58 |
| Mr. Daniel L. Florness | Strategic Advisor to the CEO | 62 |
| Mr. John Lewis Soderberg | Senior Executive Vice President of Information Technology | 54 |
| Mr. Charles S. Miller | Senior Executive Vice President of Sales | 51 |
| Ms. Anthony P. Broersma | Executive Vice President of Operations | 44 |
| Mr. John J. Milek | VP & General Counsel | - |
| Ms. Donnalee K. Papenfuss | Executive VP of Strategy & Communications | 60 |
| Ms. Noelle Joan Oas J.D. | Executive Vice President of Human Resources | 40 |
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.
- 4/8/2026NEUTRALFastenal 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.
- 2/26/2026POSITIVEHere'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