Fastenal Co.

Fastenal Co.

FAST

Get informed when a big investor buys or sells

+ Follow
Market Cap$52.22B
Close$

Compare to Similar Companies

P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Fastenal Co.Fastenal Co.38.62.02%33%6.50.1

Earnings Call Q2 2026

July 14, 2026 - AI Summary

Q2 performance: strong, high-quality growth with margin durability - Daily sales grew +14.7% YoY in Q2 (up from +12.4% in Q1), driven by share gains (not demand tailwinds). - Operating margin improved ~5 bps YoY despite inflation pressures—margin consistency attributed to SG&A leverage and disciplined cost control offsetting gross margin headwinds. - Customer quality improved materially: contract count up +7% YoY and customer sites spending ≥$50k/month up +16.5% YoY with revenue +26% from that growing cohort (durable revenue profile).
Technology / “services” momentum: digital & FMI are leading indicators - Digital sales (DSR) +16.2% YoY, reaching 61.6% of total sales (up 60 bps vs last year). - Company-wide digital outlook: 2026 DSR forecast 63%–64%, slightly below an original target (~66%)—management says it’s not slowing adoption; rather non-digital sales are growing alongside as Fastenal wins larger accounts. - FMI weighted devices signed +8.3% (to 109 weighted devices/day), totaling just under 7,000 devices in Q2; FMI sales are 44.6% of total sales (up ~60 bps).
Pricing / price-cost: improving but still a headwind (incremental margin pressure) - Pricing realized about 2.9% in the quarter (~4.5% on a stack basis), but net price-cost remained negative. - Gross margin headwinds: contracted ~75 bps YoY, with price-cost ~40 bps of that; management said price-cost improved ~10 bps vs Q1 and intends to continue chipping away. - Management expectation: incremental margins are currently constrained; they aim to return toward mid-20s incremental margin as price-cost normalizes, but timing is uncertain due to cost inflation.

Exclusive for Stockcircle Pro members

Sign upSign Up
$48.11

Target Price by Analysts

6.1% upsideFastenal Target Price DetailsTarget Price
$33.99

Current Fair Value

25% downside

Overvalued by 25% based on the discounted cash flow analysis.

Share Statistics

Market cap$52.22 Billion
Enterprise Value$52.47 Billion
Dividend Yield$0.92 (2.02%)
Earnings per Share$1.1
Beta0.71
Outstanding Shares1,147,600,000

Return

Return on Equity33.23%ROE
Return on Assets25.54%
Return on Invested Capital40.24%

Valuation & Multiples

P/E Ratio38.55P/E Ratio
PEG242.54PEG
Price to Sales6.48Price to Sales
Price to Book Ratio15.11Price to Book Ratio
Enterprise Value to Revenue6
Enterprise Value to EBIT29.56
Enterprise Value to Net Income38
Total Debt to Enterprise0.01
Debt to Equity0.11Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
July 14, 2026
EPS Estimate
$0.33
Average shareholder expectation
Revenue Estimate
$2.34 B
Average shareholder expectation

Next Earnings Call

Expected Date
October 12, 2026
EPS Estimate
$0.33
Average shareholder expectation
Revenue Estimate
$2.39 B
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.0000▼ 158.23%
Total Calls-▼ 100.00%
Total Puts-▼ 100.00%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %2.55%▼ 79.91%
Total Invested$1.39B▼ 96.84%
Investors Holding291▼ 1168.00%

ESG Score

No data

About Fastenal Co.

CEO: Daniel Florness

Relevant Senate Committees

Joint Committee on Taxation

This committee provides technical expertise and revenue estimates for all tax legislation, directly influencing corporate tax structures and capital investment credits, which significantly impact Fastenal's financial planning and investment decisions.

Finance

This committee controls taxation and trade policy. Corporate tax rates directly impact Fastenal's profitability, and trade policies (e.g., tariffs) directly affect the cost of goods sold for imported industrial supplies.

Appropriations

This committee allocates discretionary federal spending. Its decisions directly determine the funding for government procurement (e.g., DoD, GSA) and infrastructure projects, which are crucial demand drivers for Fastenal.

Health, Education, Labor, and Pensions

This committee regulates labor laws, including minimum wage and union regulations. These policies directly influence Fastenal's operational costs (labor expenses) and overall workforce management.

Armed Services

This committee oversees the Department of Defense and authorizes defense spending (NDAA). The DoD and defense contractors are major procurers of industrial supplies, directly impacting Fastenal's potential revenue streams.

Homeland Security and Governmental Affairs

This committee regulates federal procurement and efficiency, directly impacting government contracting which is a significant customer segment for industrial suppliers like Fastenal.