15 years of revenue, profit, cash flow and balance-sheet history through FY2025,
from SEC filings — with a computed, factual read of the trend.
Updated Overview →
Growth & profitability
Revenue has grown 7.7% per year over the past 5 years.
Net income has grown in line with revenue (7.9% vs 7.7% per year).
Operating margin has been roughly flat, at 20.2% in the latest year.
Free cash flow has grown 2.4% per year over the past 5 years.
Financial health
The company holds more cash ($277M) than total debt ($125M).
Total debt has grown slower than revenue (-21.0% vs 7.7% per year).
Operating income covered interest expense 267× in the latest year.
Total debt is 0.1× EBITDA.
Shareholder returns
Dividends have been paid for 15 consecutive years, consuming 79.8% of earnings and 95.6% of free cash flow.
The dividend has grown 4.6% per year over the past 5 years.
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key annual figures
FY
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
2025
$8.2B
$1.3B
45.0%
20.2%
31.9%
24.9%
$1.1B
$125M
$277M
2024
$7.5B
$1.2B
45.1%
20.0%
31.8%
24.5%
$947M
$200M
$256M
2023
$7.3B
$1.2B
45.7%
20.8%
34.5%
25.9%
$1.3B
$260M
$221M
2022
$7.0B
$1.1B
46.1%
20.8%
34.4%
23.9%
$767M
$555M
$230M
2021
$6.0B
$925M
46.2%
20.3%
30.4%
21.5%
$614M
$390M
$236M
2020
$5.6B
$859M
45.5%
20.2%
31.4%
21.7%
$934M
$405M
$246M
2019
$5.3B
$791M
47.2%
19.8%
29.7%
20.8%
$596M
$345M
$175M
2018
$5.0B
$752M
48.3%
20.1%
32.7%
22.6%
$498M
$500M
$167M
2017
$4.4B
$579M
49.3%
20.1%
27.6%
19.9%
$465M
$415M
$117M
2016
$4.0B
$499M
49.6%
20.1%
25.8%
18.7%
$330M
$390M
$113M
2015
—
$516M
—
—
28.7%
20.4%
$395M
$365M
$129M
2014
—
$494M
—
—
25.8%
20.9%
$310M
$90M
$114M
2013
—
$449M
—
—
25.3%
21.6%
$210M
—
$59M
2012
—
$421M
—
—
27.0%
23.2%
$258M
—
$80M
2011
—
$358M
—
—
24.5%
21.2%
$148M
—
$118M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
Return on equity & assets (ROE / ROA)
ROEROA
Free cash flow (CFO − capex, quarterly)
Free cash flow
Cash vs total debt
CashTotal debt
Cash flow: operating / investing / financing
OperatingInvestingFinancing
Key quarterly figures
Quarter
Revenue
Net income
Gross M
Op M
ROE
ROA
FCF
Total debt
Cash
Sep '26
$2.5B
$402M
44.8%
21.5%
9.7%
7.3%
$348M
$100M
$212M
Jun '26
$2.4B
$383M
44.6%
21.0%
9.4%
7.2%
$202M
$120M
$205M
Mar '26
$2.2B
$340M
44.6%
20.3%
8.5%
6.5%
$320M
$125M
$309M
Dec '25
$2.0B
$294M
44.3%
19.0%
7.5%
5.8%
$308M
$125M
$277M
Sep '25
$2.1B
$336M
45.3%
20.7%
8.6%
6.6%
$327M
$195M
$288M
Jun '25
$2.1B
$330M
45.3%
21.0%
8.7%
6.6%
$209M
$230M
$238M
Mar '25
$2.0B
$299M
45.1%
20.1%
8.1%
6.1%
$207M
$200M
$232M
Dec '24
$1.8B
$262M
44.8%
18.9%
7.2%
5.6%
$223M
$200M
$256M
Sep '24
$1.9B
$298M
44.9%
20.3%
8.3%
6.3%
$238M
$240M
$292M
Jun '24
$1.9B
$293M
45.1%
20.2%
8.4%
6.4%
$202M
$235M
$256M
Mar '24
$1.9B
$298M
45.5%
20.6%
8.7%
6.6%
$285M
$200M
$237M
Dec '23
$1.8B
$266M
45.5%
20.1%
8.0%
6.0%
$318M
$260M
$221M
Sep '23
$1.8B
$296M
45.9%
20.9%
8.5%
6.4%
$341M
$260M
$298M
Jun '23
$1.9B
$298M
45.5%
21.0%
8.8%
6.5%
$246M
$350M
$244M
Mar '23
$1.9B
$295M
45.7%
21.2%
9.0%
6.4%
$355M
$400M
$240M
Dec '22
$1.7B
$246M
45.3%
19.6%
7.8%
5.4%
$259M
$555M
$230M
Sep '22
$1.8B
$285M
45.9%
21.0%
9.0%
6.2%
$210M
$555M
$232M
Jun '22
$1.8B
$287M
46.5%
21.6%
9.0%
6.3%
$104M
$505M
$248M
Mar '22
$1.7B
$270M
46.6%
21.0%
8.6%
6.0%
$195M
$365M
$234M
Dec '21
$1.5B
$231M
46.5%
19.6%
7.6%
5.4%
$115M
$390M
$236M
Valuation over time
How the market has priced FAST against its own fundamentals since 2023-03 —
each month-end's share price set against the most recent annual filing, so the multiple moves
as price runs ahead of (or behind) earnings. Split-adjusted.
The price-to-earnings ratio has risen from 28.5× (Mar '23) to 47.9× (Nov '26).
The price-to-sales ratio has risen from 4.4× (Mar '23) to 7.4× (Nov '26).
The dividend yield has fallen from 2.3% (Mar '23) to 1.7% (Nov '26).
Price / earnings (P/E)
P/E
Price / sales (P/S)
P/S
Dividend yield (%)
Dividend yield %
Frequently asked questions
Is FAST growing its revenue and profit?
Over the past 5 years, Fastenal's revenue has grown 7.7% per year, and net income grown 7.9% per year. These are computed facts, not advice.
How much debt does FAST have?
As of FY2025, Fastenal reported $125M of total debt against $277M of cash; operating income covered interest expense 267×.
What is FAST's profit margin?
In FY2025, gross margin was 45.0%, operating margin 20.2%, and net margin 15.3%.
What is FAST's P/E ratio?
Fastenal's P/E (TTM) is 42.51 as of the 2026-11-02 close — market cap ÷ net income over the trailing twelve months where four consecutive quarters are reported, otherwise the latest fiscal year, the same figure as on the FAST stock page. The valuation chart above sets each month-end's price against the latest annual net income instead, so its latest point (about 47.9× as of Nov '26) can differ. These are computed facts, not advice.
Where does this data come from?
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), split-adjusted; price return — dividends not reinvested ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.