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
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
FCF
Total debt
Cash
2025
$8.2B
$1.3B
45.0%
20.2%
$1.1B
$125M
$277M
2024
$7.5B
$1.2B
45.1%
20.0%
$947M
$200M
$256M
2023
$7.3B
$1.2B
45.7%
20.8%
$1.3B
$260M
$221M
2022
$7.0B
$1.1B
46.1%
20.8%
$767M
$555M
$230M
2021
$6.0B
$925M
46.2%
20.3%
$614M
$390M
$236M
2020
$5.6B
$859M
45.5%
20.2%
$934M
$405M
$246M
2019
$5.3B
$791M
47.2%
19.8%
$596M
$345M
$175M
2018
$5.0B
$752M
48.3%
20.1%
$498M
$500M
$167M
2017
$4.4B
$579M
49.3%
20.1%
$465M
$415M
$117M
2016
$4.0B
$499M
49.6%
20.1%
$330M
$390M
$113M
2015
—
$516M
—
—
$395M
$365M
$129M
2014
—
$494M
—
—
$310M
$90M
$114M
2013
—
$449M
—
—
$210M
—
$59M
2012
—
$421M
—
—
$258M
—
$80M
2011
—
$358M
—
—
$148M
—
$118M
Revenue & net income
RevenueNet income
Margins (gross / operating / net)
GrossOperatingNet
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
FCF
Total debt
Cash
Mar '26
$2.2B
$340M
44.6%
20.3%
$320M
$125M
$309M
Dec '25
$2.0B
$294M
44.3%
19.0%
$308M
$125M
$277M
Sep '25
$2.1B
$336M
45.3%
20.7%
$327M
$195M
$288M
Jun '25
$2.1B
$330M
45.3%
21.0%
$209M
$230M
$238M
Mar '25
$2.0B
$299M
45.1%
20.1%
$207M
$200M
$232M
Dec '24
$1.8B
$262M
44.8%
18.9%
$223M
$200M
$256M
Sep '24
$1.9B
$298M
44.9%
20.3%
$238M
$240M
$292M
Jun '24
$1.9B
$293M
45.1%
20.2%
$202M
$235M
$256M
Mar '24
$1.9B
$298M
45.5%
20.6%
$285M
$200M
$237M
Dec '23
$1.8B
$266M
45.5%
20.1%
$318M
$260M
$221M
Sep '23
$1.8B
$296M
45.9%
20.9%
$341M
$260M
$298M
Jun '23
$1.9B
$298M
45.5%
21.0%
$246M
$350M
$244M
Mar '23
$1.9B
$295M
45.7%
21.2%
$355M
$400M
$240M
Dec '22
$1.7B
$246M
45.3%
19.6%
$259M
$555M
$230M
Sep '22
$1.8B
$285M
45.9%
21.0%
$210M
$555M
$232M
Jun '22
$1.8B
$287M
46.5%
21.6%
$104M
$505M
$248M
Mar '22
$1.7B
$270M
46.6%
21.0%
$195M
$365M
$234M
Dec '21
$1.5B
$231M
46.5%
19.6%
$115M
$390M
$236M
Sep '21
$1.6B
$244M
46.3%
20.5%
$120M
$365M
$251M
Jun '21
$1.5B
$240M
46.5%
21.1%
$137M
$405M
$322M
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 42.8× (Jun '26).
The price-to-sales ratio has risen from 4.4× (Mar '23) to 6.6× (Jun '26).
The dividend yield has fallen from 2.3% (Mar '23) to 1.9% (Jun '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?
As of Jun '26, Fastenal traded at a price-to-earnings ratio of about 42.8× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S and dividend yield have moved with the share price. 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), corporate-action-adjusted ·
growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price
against the latest annual filing. Informational only — not investment advice.