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Fastenal FAST Operating margin

Operating margin at other companies

W.W. Grainger logo
W.W. GraingerGWW
14.2%-1.1pp
Amazon logo
AmazonAMZN
11.5%+0.5pp
Howmet Aerospace logo
Howmet AerospaceHWM
26.7%+3.4pp
Dover logo
DoverDOV
16.7%+0.5pp
Nordson logo
NordsonNDSN
26.4%+2.1pp
Cintas logo
CintasCTAS
23%+0.2pp

Other financials

Income statement

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Revenue$2.2B+12.4%
Gross profit$982.9M+11.2%
Operating income$447.6M+13.6%
Net income$339.8M+13.8%
EPS (diluted)$0.30+15.4%

Balance sheet

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Cash & equivalents$308.6M+33.1%
Total debt$445.5M-10.2%
Total equity$4.0B+8.1%
Total assets$5.2B+7.0%

Cash flow

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Operating cash flow$378.4M+44.3%
CapEx$58.9M+5.8%
Free cash flow$319.5M+54.7%

Valuation

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Market cap$51.52B+19.8%
Enterprise value$51.66B+19.4%
P/E39.7×+2.3×
P/S6.1×+0.5×

Profitability

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Gross margin44.9%-0.1pp
Net margin15.4%+0.3pp

Returns & leverage

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Return on equity33.8%+1.5pp
Debt / equity0.1×0.0×
Current ratio4.4×+0.1×

Where this comes from

Calculated from Fastenal’s reported figures.

Based on trailing twelve months.

The official record: Fastenal’s 10-Q, filed April 16, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Fastenal's operating margin?
Fastenal (FAST) reported operating margin of 20.2% in Q1 2026.
How has Fastenal's operating margin changed year-over-year?
Fastenal's operating margin increased by 1.8% year-over-year, from 19.9% to 20.2%.
What is the long-term trend for Fastenal's operating margin?
Over 4 years (2021 to 2025), Fastenal's operating margin has grown at a -0.2% compound annual growth rate (CAGR), from 80.9% to 80.4%.
What does operating margin mean?
The profit left from core operations for every dollar of sales, before interest and taxes.
How do you interpret operating margin?
Expanding operating margin shows operating leverage — revenue growing faster than the cost base. Compression points to rising overhead, pricing pressure, or investment ahead of revenue.
How does operating margin compare across companies?
Strong cross-company signal within a sector. Capital-light businesses sustain higher operating margins than capital-intensive ones.