Fastenal Company (FAST) Stock

About Fastenal Company

Fastenal Company, along with its associated entities, operates as a global wholesale supplier of industrial and construction materials, with significant operations throughout North America, including the United States, Canada, and Mexico, and other international markets. Branded as Fastenal, the company offers a comprehensive range of fasteners, such as threaded bolts, nuts, screws, studs, and washers, which are vital for manufacturing processes, building developments, and equipment servicing. Beyond fasteners, its product catalog extends to diverse hardware and miscellaneous items like pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, and rivets, along with their related accessories. Fastenal serves a wide array of clients, including original equipment manufacturers, maintenance, repair, and operations departments within the manufacturing sector, and various non-residential construction contractors spanning general, electrical, plumbing, sheet metal, and road construction. Its customer base further encompasses agricultural businesses, transportation services (trucking, railroads), mining operations, educational institutions, retail establishments, the oil and gas exploration, production, and refinement industries, and governmental bodies at federal, state, and local levels. The company distributes its offerings through an extensive network of 3,209 in-market facilities and 15 major distribution centers. Established in 1967, Fastenal Company's corporate headquarters are located in Winona, Minnesota.

Fastenal Company is led by CEO Daniel L. Florness, employs 21,339 people, headquartered in Winona, US, publicly traded since 1987.

Fastenal Company (FAST) stock trades at $47.78 with a market capitalization of $54.83B. The stock is valued at a price-to-earnings (P/E) ratio of 38.34, price-to-book of 12.61, price-to-sales of 5.99. Over the past 52 weeks the stock has ranged between $38.97 and $50.63, and currently trades 5.6% below its 52-week high. It pays a dividend yielding 2.12%.

On profitability, Fastenal Company generates a return on equity (ROE) of 33.84% — well above the market average, a sign of a high-quality business, return on capital employed of 41.99%, an operating margin of 20.33%, a net profit margin of 15.39%.

In its most recent fiscal year, Fastenal Company reported annual revenue of $8.2B, net profit of $1.3B, revenue has compounded at 7.7% a year over the last five years, profit at 7.9% a year. Profit growing faster than revenue points to expanding margins.

The balance sheet shows a debt-to-equity ratio of 0.11 — a conservative balance sheet with little leverage risk, a current ratio of 4.39, total assets of $5.1B, $277.0M in cash and equivalents.

FAST has an average daily trading volume of 7,541,011 shares, a beta of 0.73 (less volatile than the overall market).

Official website: www.fastenal.com