Fastenal (FAST) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Fastenal

NasdaqGS•Industrials•Industrial Distribution

$52.55+0.64(0.01%)Pre-market

Market Cap

$60.28B

P/E

42.5x

P/S

6.6x

P/B

14.5x

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are used in manufactured products and construction projects, as well as in the maintenance and repair of machines. It offers miscellaneous supplies and hardware, including pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, rivets, and related accessories. The company serves the manufacturing market comprising original equipment manufacturers; maintenance, repair, and operations customers; non-residential construction market; farmers, truckers, railroads, mining companies, schools, and retail trades; and oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities. Fastenal Company was founded in 1967 and is headquartered in Winona, Minnesota.

How this company scores

ExcellentMetricSide Score: 91/100

Strongest: Profitability (25/25); weakest: Balance Sheet & Red Flags (21/25).

Profitability25/25

Growth22/25

Balance Sheet & Red Flags21/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowStrong marginsHigh ROERising earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 42.5x5y range 24.9x – 45.7x

Currently near its 20-quarter median.

P/S · 6.6x5y range 3.9x – 7.0x

Currently near its 20-quarter median.

P/B · 14.5x5y range 8.4x – 14.5x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Price & Volume

Market Cap $60.28B

Metrics at a Glance

as of September 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $9.08B
Q. Revenue: $2.46B
TTM EBITDA: $2.04B
TTM Op. Income: $1.86B
Q. Op. Income: $530.80M
TTM Net Income: $1.42B
Q. Net Income: $401.60M
EPS: $0.35
Shares Out.: $1.15B

$9.08B in TTM revenue grew 13.5% YoY, reaching $2.46B last quarter. TTM EBITDA of $2.04B and TTM operating income of $1.86B show growth is flowing through to the bottom line. TTM net income of $1.42B means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 44.8%
EBITDA Margin: 21.5%
Op. Margin: 21.5%
Net Margin: 16.3%

Op. margin of 21.5% is up 0.9% YoY — cost efficiency is improving. Net margin at 16.3% and gross margin of 44.8% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 42.5x
P/S Ratio: 6.6x
P/B Ratio: 14.5x

At 42.5x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 6.6x and P/B of 14.5x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 8 quarters, P/E has risen for 3 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $5.49B
Cash: $211.90M
Long-Term Debt: $50.00M
Book Value: $4.15B
D/E Ratio: 0.0
Debt/EBITDA: 0.1

With $5.49B in assets and $50.00M in long-term debt, D/E is 0.0and book value is $4.15B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has fallen for 7 consecutive quarters — an improving trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $421.60M
TTM Free Cash Flow: $1.18B
FCF Margin: 13.0%
FCF / Net Income: 0.8

TTM FCF of $1.18B on $421.60M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 22% — an improving trend.