Fastenal Company (FAST) Financial Ratios
30 years of historical data (1996–2025) · Industrials · Industrial - Distribution
EV/EBITDA
↑
31.92
↑+35% vs avg
5yr avg: 23.71
30Y Low10.4·High28.6
P/FCF
↓
50.15
+18% vs avg
5yr avg: 42.56
30Y Low24.5·High105.8
P/B Ratio
↓
13.39
↑+22% vs avg
5yr avg: 10.99
30Y Low4.5·High13.8
ROE
↑
33.3%
-1% vs avg
5yr avg: 33.8%
30Y Low16%·High35%
Debt/EBITDA
↓
0.27
↓-27% vs avg
5yr avg: 0.36
30Y Low0.0·High0.5
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FAST Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Fastenal Company trades at 42.1x earnings, 24% above its 5-year average of 34.0x, sitting at the 93rd percentile of its historical range. Compared to the Industrials sector median P/E of 25.6x, the stock trades at a premium of 65%. On a free-cash-flow basis, the stock trades at 50.1x P/FCF, 18% above the 5-year average of 42.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $52.7B | $46.2B | $41.3B | $37.1B | $27.2B | $37.0B | $28.1B | $21.2B | $15.0B | $15.8B | $13.6B |
| Enterprise Value | $52.8B | $46.3B | $41.5B | $37.4B | $27.8B | $37.4B | $28.5B | $21.6B | $15.4B | $16.1B | $13.9B |
| P/E Ratio → | 42.10 | 36.82 | 35.96 | 32.07 | 25.17 | 40.04 | 32.56 | 26.78 | 19.97 | 27.36 | 27.01 |
| P/S Ratio | 6.42 | 5.63 | 5.47 | 5.05 | 3.90 | 6.15 | 4.98 | 3.98 | 3.03 | 3.59 | 3.43 |
| P/B Ratio | 13.39 | 11.71 | 11.42 | 11.08 | 8.61 | 12.15 | 10.29 | 7.96 | 6.52 | 7.52 | 7.03 |
| P/FCF | 50.15 | 43.94 | 43.62 | 29.46 | 35.50 | 60.26 | 30.11 | 35.60 | 30.18 | 33.91 | 41.87 |
| P/OCF | 40.65 | 35.62 | 35.20 | 25.91 | 28.95 | 48.01 | 25.52 | 25.19 | 22.28 | 26.96 | 26.44 |
P/E links to full P/E history page with 30-year chart
FAST EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
Fastenal Company's enterprise value stands at 31.9x EBITDA, 35% above its 5-year average of 23.7x. The Industrials sector median is 13.8x, placing the stock at a 131% premium on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 5.65 | 5.50 | 5.10 | 3.98 | 6.22 | 5.05 | 4.06 | 3.09 | 3.66 | 3.50 |
| EV / EBITDA | 31.92 | 27.98 | 24.64 | 21.94 | 17.06 | 26.92 | 21.87 | 17.95 | 13.50 | 15.93 | 15.41 |
| EV / EBIT | 31.92 | 27.98 | 27.41 | 24.49 | 19.12 | 30.69 | 24.97 | 20.47 | 15.36 | 18.22 | 17.42 |
| EV / FCF | — | 44.10 | 43.87 | 29.71 | 36.25 | 60.91 | 30.55 | 36.30 | 30.84 | 34.55 | 42.73 |
FAST Profitability
Margins and return-on-capital ratios measuring operating efficiency
Fastenal Company earns an operating margin of 20.2%, significantly above the Industrials sector average of 4.3%. Return on equity of 33.3% is exceptionally high — well above the sector median of 8.2%. ROIC of 31.2% represents excellent returns on invested capital versus a sector median of 6.1%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 45.0% | 45.0% | 45.1% | 45.7% | 46.1% | 46.2% | 45.5% | 47.2% | 48.3% | 49.3% | 49.6% |
| Operating Margin | 20.2% | 20.2% | 20.0% | 20.8% | 20.8% | 20.3% | 20.2% | 19.8% | 20.1% | 20.1% | 20.1% |
| Net Profit Margin | 15.3% | 15.3% | 15.2% | 15.7% | 15.6% | 15.4% | 15.2% | 14.8% | 15.1% | 13.2% | 12.6% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 33.3% | 33.3% | 33.0% | 35.5% | 35.0% | 32.0% | 31.8% | 31.8% | 34.2% | 28.7% | 26.7% |
| ROA | 25.8% | 25.8% | 25.1% | 25.6% | 24.6% | 22.4% | 22.1% | 22.2% | 24.1% | 20.7% | 19.2% |
| ROIC | 31.2% | 31.2% | 30.2% | 31.0% | 30.4% | 27.8% | 27.5% | 27.7% | 29.8% | 28.7% | 28.1% |
| ROCE | 39.7% | 39.7% | 38.7% | 40.4% | 39.4% | 34.9% | 34.6% | 34.4% | 36.7% | 35.6% | 35.0% |
FAST Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Fastenal Company carries a Debt/EBITDA ratio of 0.3x, which is very conservative (92% below the sector average of 3.2x). Net debt stands at $165M ($442M total debt minus $277M cash). Interest coverage of 267.0x signals virtually no risk of debt distress — earnings comfortably cover interest obligations.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.11 | 0.11 | 0.13 | 0.16 | 0.25 | 0.21 | 0.24 | 0.22 | 0.22 | 0.20 | 0.20 |
| Debt / EBITDA | 0.27 | 0.27 | 0.29 | 0.31 | 0.49 | 0.46 | 0.50 | 0.49 | 0.44 | 0.41 | 0.43 |
| Net Debt / Equity | — | 0.04 | 0.06 | 0.09 | 0.18 | 0.13 | 0.15 | 0.16 | 0.14 | 0.14 | 0.14 |
| Net Debt / EBITDA | 0.10 | 0.10 | 0.14 | 0.18 | 0.35 | 0.29 | 0.31 | 0.34 | 0.29 | 0.30 | 0.31 |
| Debt / FCF | — | 0.16 | 0.24 | 0.25 | 0.75 | 0.65 | 0.43 | 0.70 | 0.67 | 0.64 | 0.85 |
| Interest Coverage | 267.05 | 267.05 | 206.85 | 141.55 | 101.65 | 125.51 | 117.71 | 76.06 | 79.30 | 96.90 | 122.43 |
FAST Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
Fastenal Company's current ratio of 4.85x is well above the 1.0 safety threshold, indicating strong short-term liquidity with ample room to cover current liabilities. The quick ratio of 2.41x is notably lower than the current ratio, indicating a significant portion of current assets is tied up in inventory. The current ratio has improved from 4.57x to 4.85x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 4.85 | 4.85 | 4.67 | 4.57 | 3.96 | 4.19 | 4.08 | 4.51 | 5.30 | 5.51 | 6.24 |
| Quick Ratio | 2.41 | 2.41 | 2.28 | 2.27 | 1.79 | 1.95 | 1.90 | 2.00 | 2.37 | 2.40 | 2.64 |
| Cash Ratio | 0.39 | 0.39 | 0.37 | 0.33 | 0.29 | 0.35 | 0.40 | 0.32 | 0.38 | 0.33 | 0.41 |
| Asset Turnover | — | 1.62 | 1.61 | 1.65 | 1.53 | 1.40 | 1.42 | 1.40 | 1.49 | 1.51 | 1.48 |
| Inventory Turnover | 2.58 | 2.58 | 2.52 | 2.62 | 2.20 | 2.12 | 2.30 | 2.06 | 2.01 | 2.04 | 2.01 |
| Days Sales Outstanding | — | 55.43 | 53.62 | 54.03 | 52.98 | 54.66 | 49.73 | 50.76 | 52.51 | 50.53 | 46.04 |
FAST Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Fastenal Company returns 1.9% to shareholders annually primarily through dividends. The payout ratio of 79.8% is elevated — while still covered by earnings, there is limited headroom for dividend increases. The earnings yield of 2.4% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 1.9% | 2.2% | 2.2% | 2.7% | 2.6% | 1.7% | 2.9% | 2.3% | 2.9% | 2.3% | 2.6% |
| Payout Ratio | 79.8% | 79.8% | 77.6% | 88.0% | 65.4% | 69.6% | 93.5% | 63.0% | 58.8% | 63.8% | 69.4% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 2.4% | 2.7% | 2.8% | 3.1% | 4.0% | 2.5% | 3.1% | 3.7% | 5.0% | 3.7% | 3.7% |
| FCF Yield | 2.0% | 2.3% | 2.3% | 3.4% | 2.8% | 1.7% | 3.3% | 2.8% | 3.3% | 2.9% | 2.4% |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.9% | 0.0% | 0.2% | 0.3% | 0.7% | 0.5% | 0.4% |
| Total Shareholder Yield | 1.9% | 2.2% | 2.2% | 2.7% | 3.5% | 1.7% | 3.0% | 2.6% | 3.6% | 2.9% | 3.0% |
| Shares Outstanding | — | $1.2B | $1.1B | $1.1B | $1.2B | $1.2B | $1.2B | $1.1B | $1.1B | $1.2B | $1.2B |
Peer Comparison
Compare FAST with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FASTYou | $53B | 42.1 | 31.9 | 50.1 | 45.0% | 20.2% | 33.3% | 31.2% | 0.3 |
 GWW | $64B | 38.6 | 22.8 | 48.4 | 39.1% | 15.0% | 43.5% | 32.1% | 1.1 |
 MSM | $7B | 33.2 | 17.6 | 27.5 | 40.8% | 8.3% | 14.2% | 12.3% | 1.3 |
 SNA | $20B | 20.2 | 13.9 | 20.0 | 51.7% | 25.8% | 17.9% | 18.1% | 0.9 |
 SITE | $5B | 32.7 | 15.0 | 19.8 | 34.8% | 5.1% | 9.3% | 7.3% | 2.6 |
 HD | $333B | 23.5 | 16.4 | 26.3 | 33.3% | 12.7% | 145.5% | 21.8% | 2.7 |
 LOW | $125B | 18.7 | 13.9 | 16.3 | 33.5% | 11.8% | — | 26.5% | 3.7 |
 POOL | $7B | 18.3 | 11.9 | 23.6 | 29.7% | 11.0% | 33.1% | 22.3% | 0.6 |
 ITW | $76B | 25.2 | 18.3 | 28.1 | 44.1% | 26.3% | 93.7% | 29.0% | 1.9 |
 SWK | $13B | 32.7 | 12.4 | 19.6 | 29.9% | 7.6% | 4.5% | 5.8% | 3.8 |
 EMR | $84B | 37.3 | 19.1 | 31.6 | 52.8% | 19.6% | 9.6% | 8.2% | 2.7 |
| Industrials Median | — | 25.6 | 13.8 | 20.0 | 32.0% | 4.3% | 8.2% | 6.1% | 3.2 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 30 years · Updated daily
Consensus-Based Analysis Tools
Full Stock Analysis
Deep dive into FAST consensus models and risk factors.
View Analysis
Intrinsic Valuation
DCF models, multiple analysis, and analyst estimates.
Check Valuation
Historical Returns
10-year return with dividends reinvested.
Calculate
DCA Calculator
See how regular investing compounds over time.
Run Numbers
Peer Comparison
Compare growth, multiples, and margins vs sector.
Compare
FAST — Frequently Asked Questions
Quick answers to the most common questions about buying FAST stock.
What is Fastenal Company's P/E ratio?
Fastenal Company's current P/E ratio is 42.1x. The historical average is 31.7x. This places it at the 93th percentile of its historical range.
What is Fastenal Company's EV/EBITDA?
Fastenal Company's current EV/EBITDA is 31.9x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 18.8x.
What is Fastenal Company's ROE?
Fastenal Company's return on equity (ROE) is 33.3%. This is above the typical threshold of 15-20% considered good for most companies. The historical average is 26.6%.
Is FAST stock overvalued?
Based on historical data, Fastenal Company is trading at a P/E of 42.1x. This is at the 93th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is Fastenal Company's dividend yield?
Fastenal Company's current dividend yield is 1.90% with a payout ratio of 79.8%.
What are Fastenal Company's profit margins?
Fastenal Company has 45.0% gross margin and 20.2% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does Fastenal Company have?
Fastenal Company's Debt/EBITDA ratio is 0.3x, indicating low leverage. A ratio below 2x is generally considered financially healthy.