Fastenal (FAST) stock
Industrials · Trading Companies & Distributors
Fastenal (FAST) is a Trading Companies & Distributors company in the Industrials sector, headquartered in Winona, Minnesota. As of October 23, 2026, FAST closed at $51.91, a market capitalization of $59.56 billion, the 202nd largest company in the S&P 500. Over the last twelve months it generated $9.08 billion in revenue (+16% year over year) and $1.16 billion in free cash flow. The stock trades at 42.2x trailing earnings and 36.8x forward earnings.
- 1-year total return: +23.4% (dividends reinvested)
- 5-year return: +15.9% a year
- 52-week range: $38.97 – $52.92
- Gross margin 44.6%, operating margin 21.5%
- Dividend yield: 2.00%, 14 straight years of increases
- FI Handbook report card: C+ across 10 metrics
- 35th largest of 83 Industrials stocks in the S&P 500
FAST price chart
1Y price change: +20.7% (price only; total returns below include dividends)
| Total return | 1M | YTD | 1Y | 3Y | 5Y | 10Y | MAX |
|---|---|---|---|---|---|---|---|
| FAST | +1.8% | +31.5% | +23.4% | +24.8% | +15.9% | +21.4% | +22.4% |
Dividends reinvested. 3Y and longer are annualized; MAX is annualized since 1987.
FAST key statistics
- Market cap
- $59.6B
- #202 in S&P 500
- P/E (TTM)
- 42.2x
- Forward P/E
- 36.8x
- EPS (TTM)
- $1.23
- Revenue (TTM)
- $9.1B
- +16%
- Free cash flow
- $1.2B
- Gross margin
- 44.6%
- Operating margin
- 21.5%
- Return on equity
- 35.3%
- Dividend yield
- 2.00%
- 52-week range
- $38.97 – $52.92
- Beta
- 0.69
- Price / sales
- 6.6x
- EV / EBITDA
- 29.3x
- Debt / equity
- 0.11x
- Employees
- 21,749
FAST report card
C+Ten fundamentals graded A to F against fixed thresholds. Not a buy or sell rating.
- Revenue growth15.5%B
- Gross margin44.6%B
- Operating margin21.5%B
- FCF margin12.7%C
- Return on equity35.3%A
- Net debt / EBITDA0.1xB
- Forward P/E36.8xD
- PEG ratio3.3xF
- Shareholder yield2.0%C
- Share count change / yr-0.0%C
Fastenal financials
Revenue went from $4.0B in fiscal 2016 to $8.2B in fiscal 2025, growing 8.4% a year.
| 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 |
| Gross profit | $2.0B | $2.2B | $2.4B | $2.5B | $2.6B | $2.8B | $3.2B | $3.4B | $3.4B | $3.7B |
| Operating income | $795.8M | $881.8M | $999.2M | $1.1B | $1.1B | $1.2B | $1.5B | $1.5B | $1.5B | $1.7B |
| Net income | $499.4M | $578.6M | $751.9M | $790.9M | $859.1M | $925.0M | $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 |
| Free cash flow | $330.4M | $465.3M | $497.9M | $596.3M | $933.7M | $613.5M | $767.2M | $1.3B | $946.8M | $1.1B |
| Buybacks | $59.5M | $82.6M | $103.0M | $0 | $52.0M | $0 | $237.8M | $0 | $0 | — |
| Dividends paid | $346.6M | $369.1M | $441.9M | $498.6M | $803.4M | $643.7M | $711.3M | $1.0B | $893.3M | $1.0B |
| Diluted shares | 1.2B | 1.2B | 1.1B | 1.1B | 1.2B | 1.2B | 1.2B | 1.1B | 1.1B | 1.2B |
Source: SEC filings (10-K XBRL). EPS and share counts are split-adjusted.
What's priced into FAST?
A reverse DCF asks what growth the current price requires. With an enterprise value of $59.8B and $1.2B of trailing free cash flow, Fastenal needs to grow free cash flow about 35.5% a year for ten years (fading to 3.0% terminal growth) to earn a 10% annual return. For context, free cash flow grew 2.4% a year over the last five years.
P/E ratio history
Current 47.6x vs. median 32.8x (10th–90th percentile 25.0x–43.0x).
A model, not a forecast or advice. Small changes in assumptions move the answer a lot.
FAST dividend
- Dividend yield
- 2.00%
- Annual dividend
- $1.04
- Years of increases
- 14
- 5-yr dividend growth
- 11.8%
- per year
- Payout ratio
- 78%
- Payments per year
- 4
Regular dividends per share by calendar year; special dividends excluded. Current year omitted until complete.
FAST earnings
Next report: January 19, 2027. Fastenal has beaten EPS estimates 3 quarters in a row. Last quarter's revenue was $2.4B (+15% year over year).
| Report date | EPS estimate | EPS actual | Surprise |
|---|---|---|---|
| Jul 14, 2026 | $0.33 | $0.33 | +1.3% |
| Apr 13, 2026 | $0.30 | $0.30 | +0.7% |
| Jan 20, 2026 | $0.26 | $0.26 | +0.5% |
| Oct 13, 2025 | $0.30 | $0.29 | -2.2% |
| Jul 14, 2025 | $0.27 | $0.29 | +7.3% |
| Apr 11, 2025 | $0.26 | $0.26 | +0.1% |
| Jan 17, 2025 | $0.24 | $0.23 | -3.8% |
| Oct 11, 2024 | $0.26 | $0.26 | +1.0% |
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|---|---|---|---|---|---|
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FAST news
- Fastenal (FAST) Earnings Put Its Valuation Back In Focus · Oct 24, 2026
- Does AI Data Center Demand Change The Bull Case For Fastenal (FAST)? · Oct 24, 2026
- Fastenal (FAST) Stock Looks Rich Even After Stronger Earnings · Oct 24, 2026
- IBD Stock Of The Day: From Nuts And Bolts To Artificial Intelligence · Oct 23, 2026
- Fastenal vs. Grainger vs. MSC Industrial: Which Dividend Wins for Retirement? · Oct 23, 2026
FAST stock FAQ
What is FAST's market cap?
Fastenal's market capitalization is $59.56 billion as of October 23, 2026, ranking 202nd in the S&P 500.
What is FAST's P/E ratio?
FAST trades at a trailing price-to-earnings ratio of 42.2x and a forward P/E of 36.8x. Its median P/E over the period we track is 32.8x.
Does FAST pay a dividend?
Yes. Fastenal pays $1.04 per share a year, a 2.00% yield. It has raised its dividend 14 years in a row. Dividends grew 11.8% a year over the last five years.
How much has FAST stock returned?
Including reinvested dividends, FAST returned +23.4% over one year, +15.9% a year over five years, +21.4% a year over ten years through October 23, 2026.
Is FAST stock overvalued?
At today's price, a reverse discounted cash flow model (10% discount rate, 3% terminal growth) implies Fastenal must grow free cash flow about 35% a year for the next decade. Its free cash flow grew 2% a year over the last five years. Whether that is achievable decides if the stock is cheap or expensive. This is a model, not advice.
When does FAST report earnings?
Fastenal is expected to report earnings on January 19, 2027. It has beaten EPS estimates 3 quarters in a row.
How many employees does Fastenal have?
Fastenal has about 21,749 full-time employees, or $417,458 of revenue per employee.
Sources: SEC EDGAR filings, Yahoo Finance market data (delayed), FI Handbook calculations. Last close October 23, 2026. Methodology