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FAST 
Fastenal Company (FAST)
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Upturn Advisory Summary
11/26/2025: FAST (5-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Outstanding Performance
These Stocks/ETFs, based on Upturn Advisory, have historically outperformed the market, making them a top-tier choice for investors.
Number of Analysts
17 Analysts rated it
Moderately tracked stock, growing coverage, gaining market and investor attention.
1 Year Target Price $43.46
1 Year Target Price $43.46
| 3 | Strong Buy |
| 0 | Buy |
| 11 | Hold |
| 1 | Sell |
| 2 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit 67.87% | Avg. Invested days 123 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  5.0 | Stock Returns Performance  3.0 |
| Profits based on simulation | Last Close 11/26/2025 |
Key Highlights
Company Size Large-Cap Stock | Market Capitalization 46.27B USD | Price to earnings Ratio 38.02 | 1Y Target Price 43.46 |
Price to earnings Ratio 38.02 | 1Y Target Price 43.46 | ||
Volume (30-day avg) 17 | Beta 0.88 | 52 Weeks Range 34.62 - 50.37 | Updated Date 11/27/2025 |
52 Weeks Range 34.62 - 50.37 | Updated Date 11/27/2025 | ||
Dividends yield (FY) 2.12% | Basic EPS (TTM) 1.06 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 15.34% | Operating Margin (TTM) 20.7% |
Management Effectiveness
Return on Assets (TTM) 20.5% | Return on Equity (TTM) 32.74% |
Valuation
Trailing PE 38.02 | Forward PE 33.44 | Enterprise Value 46495039556 | Price to Sales(TTM) 5.79 |
Enterprise Value 46495039556 | Price to Sales(TTM) 5.79 | ||
Enterprise Value to Revenue 5.81 | Enterprise Value to EBITDA 25.82 | Shares Outstanding 1148035721 | Shares Floating 1144465330 |
Shares Outstanding 1148035721 | Shares Floating 1144465330 | ||
Percent Insiders 0.19 | Percent Institutions 88.34 |
Upturn AI SWOT
Fastenal Company
Company Overview
History and Background
Fastenal was founded in 1967 in Winona, Minnesota, initially focusing on selling fasteners. It has grown significantly through store expansion and acquisitions, becoming a major industrial distributor.
Core Business Areas
- Fasteners: Includes a variety of screws, nuts, bolts, and other fasteners used in manufacturing and construction.
- Tools: Encompasses hand tools, power tools, cutting tools, and measuring instruments used across various industries.
- Safety Supplies: Provides personal protective equipment (PPE) such as gloves, masks, safety glasses, and other safety-related products.
- MRO Products: Maintenance, repair, and operations (MRO) products, including lubricants, janitorial supplies, and other consumables.
Leadership and Structure
The company is led by Dan Florness (President & CEO). The organizational structure includes regional and district managers overseeing branch operations, supported by corporate functions such as finance, marketing, and supply chain.
Top Products and Market Share
Key Offerings
- Fasteners: A wide array of fasteners. Fastenal has a significant market share in the fastener distribution market, estimates vary based on specific fastener types. Competitors include Grainger, MSC Industrial Supply, and local distributors.
- Market Share: Estimates vary depending on fastener type but range from 5-10% overall. No official public data exists.
- Market Share: Estimated below 5%. No official public data exists.
- Safety Supplies: PPE and other safety equipment. Market share is smaller than fasteners, with competition from specialized safety equipment distributors and general industrial suppliers. Competitors include Grainger, MSC Industrial Supply, and Airgas.
- Market Share: Estimates vary but Fastenal is considered one of the largest players in industrial vending.
- Vending Solutions: Fastenal's FAST Solutions industrial vending program provides customized vending machines for inventory management. While precise market share data is proprietary, Fastenal is considered a market leader. Competitors include CribMaster, Apex Supply Chain Technologies
Market Dynamics
Industry Overview
The industrial distribution industry is fragmented and competitive, driven by manufacturing, construction, and maintenance activity. Trends include increased automation, e-commerce adoption, and supply chain optimization.
Positioning
Fastenal is positioned as a leading full-line industrial distributor, with a focus on providing value-added services like vendor-managed inventory and on-site support. Competitive advantages include its extensive branch network, strong supplier relationships, and technology-driven solutions.
Total Addressable Market (TAM)
The TAM for industrial distribution is estimated to be hundreds of billions of dollars annually. Fastenal's revenue represents a small but significant portion of this TAM, indicating substantial growth potential.
Upturn SWOT Analysis
Strengths
- Extensive branch network
- Strong supplier relationships
- Vendor-managed inventory (VMI) programs
- E-commerce platform
- Strong brand reputation
Weaknesses
- Exposure to cyclical industries
- Dependence on branch network (potential for higher overhead)
- Competition from online retailers
- Limited international presence compared to some competitors
Opportunities
- Expansion of VMI programs
- Growth in e-commerce sales
- Acquisitions of smaller distributors
- Expansion into new product categories
- Increased adoption of industrial IoT and automation
Threats
- Economic downturns
- Increased competition from online retailers
- Fluctuations in raw material prices
- Supply chain disruptions
- Changes in government regulations
Competitors and Market Share
Key Competitors
- GWW
- MSC
- NOW
Competitive Landscape
Fastenal competes with both large national distributors and smaller regional players. Its competitive advantages include its extensive branch network, strong supplier relationships, and technology-driven solutions. Grainger (GWW) is a significant competitor, while MSC Industrial Supply (MSC) and NOW Inc (NOW) compete in specific product categories.
Major Acquisitions
Apex Industrial Technologies
- Year: 2018
- Acquisition Price (USD millions): 77
- Strategic Rationale: Enhanced Fastenal's capabilities in industrial vending and inventory management solutions. Expanded Fastenal's technology offerings to integrate Apex's cloud-based platform.
Growth Trajectory and Initiatives
Historical Growth: Fastenal has experienced consistent growth in revenue and earnings over the past decade, driven by organic expansion, acquisitions, and increasing adoption of VMI programs.
Future Projections: Analyst estimates project continued growth in revenue and earnings, driven by favorable trends in manufacturing and construction. The company's focus on technology and value-added services is expected to support future growth.
Recent Initiatives: Recent initiatives include expanding its FAST Solutions vending program, investing in e-commerce capabilities, and streamlining its supply chain.
Summary
Fastenal is a well-established industrial distributor with a strong branch network and vendor-managed inventory programs, resulting in consistent growth. The company's key strengths lie in its customer service, extensive inventory, and technological innovations. Potential challenges include economic downturns and competition from online retailers. Overall, Fastenal is a stable company with a solid market position, but it needs to continue innovating to maintain its competitive edge.
Similar Stocks
Sources and Disclaimers
Data Sources:
- Fastenal Company Investor Relations
- SEC Filings (10-K, 10-Q)
- MarketWatch
- Yahoo Finance
- Company Annual Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered financial advice. Market share data are estimates based on available information and may not be precise. Financial data is subject to change and should be verified with official sources. The AI-based rating is based on the available information and may not reflect all factors that could impact Fastenal's performance.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Fastenal Company
Exchange NASDAQ | Headquaters Winona, MN, United States | ||
IPO Launch date 1990-03-26 | CEO & Director Mr. Daniel L. Florness | ||
Sector Industrials | Industry Industrial Distribution | Full time employees 21568 | Website https://www.fastenal.com |
Full time employees 21568 | Website https://www.fastenal.com | ||
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 also 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.
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