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Fastenal Company (FAST)

NEUTRAL
IndustrialsIndustrial DistributionUnited States

Fundamental

66

Preço

$50.58

Capitalização de Mercado

$58.84B

Parte 1 · Quanto vale a empresa

Visão Geral

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.

Como gera receita

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.

Receita 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.

Vantagem competitiva

Escala · Estreita

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.

O que impulsiona a procura

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.

Principais riscos

  • 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.

Os 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.

Os argumentos 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.

Dados por segmento do exercício fiscal 2025Fontes: 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.

Balanço & Liquidez

Receita

$8.75B

Últimos 12 meses (até 30/06/2026)

Resultado Líquido

$1.35B

Últimos 12 meses (até 30/06/2026)

Fluxo de Caixa Livre

$1.05B

Capital Próprio Total

$3.94B

Passivo Total

$1.11B

Rácio de Liquidez

4.18

Cobertura de Juros

412.81

Dívida/EBITDA

0.24

Resultados Por Ação

Receita & Resultado Líquido

Fluxo de Caixa Livre

Decomposição dos Resultados

Demonstração histórica

Margens ao longo do tempo

A dívida ao longo do tempo

Quanto pesa a dívida

Grelha do crescimento

Crescimento — Receitas

Estimativa de Valor Justo

Sobrevalorizada

Valor Justo

$36.29

Preço Atual

$50.58

Margem de Segurança

-39.4%

Intervalo de Valor Justo

$24.95 - $47.63

Métodos de Estimativa

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

Métricas de Avaliação

Rácio P/E

43.83

ROE

31.9%

Rácio P/B

14.46

P/FCF

50.91

Margem Bruta

44.7%

ROIC

31.8%

Radar de Rentabilidade

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.

Critérios de Análise Fundamental

Aprovado (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

Reprovado (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

Indisponível (1)

  • Dividend Payout NaN%

Piotroski F-Score

8/9

Saúde financeira sólida

score
criteria

Qualidade dos Resultados

1.03

Alta qualidade: resultados respaldados por caixa

Diluição de Ações

0.3%

Número de ações estável

Governação

Equipa Executiva

NomeCargoIdade
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

Risco de Auditoria

2

Risco do Conselho

6

Risco de Remuneração

9

Risco dos Direitos dos Acionistas

1

Parte 2 · O preço e o momento de entrar

Esta parte não serve para saber se a empresa vale: serve para escolher quando comprá-la, depois que os fundamentos te convenceram. Dentro: análise técnica, potencial, quedas históricas, exposição gama.

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