Fastenal Company (FAST) Balance Sheet
FAST balance sheet, 2025
December 31, 2025 · U.S. dollars$5.05B assets = $1.11B liabilities + $3.94B equity
Both columns are drawn to the same scale: what FAST owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FAST financial health
Current ratio4.85
Comfortable · current assets cover current liabilities 4.85×
Debt / equity0.11
Low leverage · $0.11 of debt for each $1 of equity
Equity / assets78.0%
Equity-funded · of assets funded by shareholders
Cash / debt62.6%
Partial cover · cash & short-term investments vs total debt
Goodwill & intangibles0.0%
Mostly tangible · of total assets
Descriptive bands, not a rating. Fiscal 2025.
FAST balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $2.67B2016 | $5.05B2025 | +7.3%/yr | |
| Total liabilities | $735.8M2016 | $1.11B2025 | +4.7%/yr | |
| Shareholders’ equity | $1.93B2016 | $3.94B2025 | +8.2%/yr | |
| Cash & short-term investments | $112.7M2016 | $276.8M2025 | +10.5%/yr | |
| Total debt | $390.0M2016 | $441.9M2025 | +1.4%/yr | |
| Net cash (debt) | −$277.3M2016 | −$165.1M2025 | +$112.2M | |
| Working capital | $1.45B2016 | $2.76B2025 | +$1.3B | |
| Book value per share | $1.672016 | $3.432025 | +8.3%/yr | |
| Current ratio | 6.242016 | 4.852025 | −1.39 | |
| Debt / equity | 0.202016 | 0.112025 | −0.09 | |
| Shares outstanding | 1.16B2016 | 1.15B2025 | −0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FAST assets
Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current
FAST liabilities and equity
Current liabilitiesLong-term debtOther long-term liabilitiesEquity
FAST debt vs cash
Total debtCash & ST investmentsNet cash (debt)
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FAST balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $276.8M | $255.8M | $221.3M | $230.1M | $236.2M | $245.7M | $174.9M | $167.2M | $116.9M | $112.7M |
| Cash & equivalents | $276.8M | $255.8M | $221.3M | $230.1M | $236.2M | $245.7M | $174.9M | $167.2M | $116.9M | $112.7M |
| Short-term investments | — | — | — | — | — | — | — | — | $0 | $0 |
| Receivables | $1.25B | $1.11B | $1.09B | $1.01B | $900.2M | $769.4M | $741.8M | $714.3M | $607.8M | $499.7M |
| Inventory | $1.75B | $1.65B | $1.52B | $1.71B | $1.52B | $1.34B | $1.37B | $1.28B | $1.09B | $993.0M |
| Other current assets | $202.0M | $202.5M | $189.3M | $173.5M | $196.6M | $147.0M | $174.1M | $156.0M | $118.1M | $115.3M |
| Total current assets | $3.47B | $3.21B | $3.02B | $3.12B | $2.86B | $2.50B | $2.46B | $2.32B | $1.94B | $1.72B |
| Property, plant & equipment (net) | $1.44B | $1.34B | $1.28B | $1.25B | $1.26B | $1.27B | $1.27B | $924.8M | $893.6M | $899.7M |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $140.2M | $150.3M | $160.7M | $170.8M | $180.9M | $191.4M | $76.3M | $80.5M | $81.2M | $48.4M |
| Total assets | $5.05B | $4.70B | $4.46B | $4.55B | $4.30B | $3.96B | $3.80B | $3.32B | $2.91B | $2.67B |
| Liabilities | ||||||||||
| Accounts payable | $316.8M | $287.7M | $264.1M | $255.0M | $233.1M | $207.0M | $192.8M | $193.6M | $147.5M | $108.7M |
| Short-term debt | $131.1M | $173.8M | $156.2M | $293.7M | $150.8M | $133.6M | $100.4M | $3.0M | $3.0M | $10.5M |
| Deferred revenue | — | — | $1.8M | — | — | — | — | $63.6M | $57.6M | $2.8M |
| Total current liabilities | $715.6M | $687.1M | $661.3M | $789.8M | $682.2M | $612.7M | $544.7M | $437.4M | $351.0M | $275.6M |
| Long-term debt | $100.0M | $125.0M | $200.0M | $353.2M | $330.0M | $365.0M | $342.0M | $497.0M | $412.0M | $379.5M |
| Lease obligations | $316.9M | $285.4M | $275.0M | $247.1M | $246.8M | $245.1M | $245.6M | — | — | — |
| Other long-term liabilities | $293.7M | $269.6M | $252.8M | $242.4M | $244.6M | $253.8M | $247.6M | $84.4M | $50.6M | $80.6M |
| Total liabilities | $1.11B | $1.08B | $1.11B | $1.39B | $1.26B | $1.23B | $1.13B | $1.02B | $813.6M | $735.8M |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $11.5M | $5.7M | $5.7M | $5.7M | $5.8M | $2.9M | $2.9M | $2.9M | $2.9M | $2.9M |
| Retained earnings (deficit) | $3.87B | $3.61B | $3.36B | $3.22B | $2.97B | $2.69B | $2.63B | $2.34B | $2.11B | $1.94B |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$51.1M | −$91.5M | −$54.8M | −$64.8M | −$30.7M | −$21.2M | −$38.4M | −$44.8M | −$25.1M | −$47.3M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $3.94B | $3.62B | $3.35B | $3.16B | $3.04B | $2.73B | $2.67B | $2.30B | $2.10B | $1.93B |
| Key figures | ||||||||||
| Total debt | $441.9M | $485.4M | $535.0M | $802.1M | $636.8M | $650.1M | $590.6M | $500.0M | $415.0M | $390.0M |
| Net cash (debt) | −$165.1M | −$229.6M | −$313.7M | −$572.0M | −$400.6M | −$404.4M | −$415.7M | −$332.8M | −$298.1M | −$277.3M |
| Working capital | $2.76B | $2.52B | $2.36B | $2.33B | $2.17B | $1.89B | $1.91B | $1.88B | $1.58B | $1.45B |
| Tangible book value | $3.94B | $3.62B | $3.35B | $3.16B | $3.04B | $2.73B | $2.67B | $2.30B | $2.10B | $1.93B |
| Book value per share | $3.43 | $3.15 | $2.92 | $2.75 | $2.64 | $2.37 | $2.32 | $2.00 | $1.82 | $1.67 |
| Shares outstanding | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.16B |
| Current ratio | 4.85 | 4.67 | 4.57 | 3.96 | 4.19 | 4.08 | 4.51 | 5.30 | 5.51 | 6.24 |
| Quick ratio | 2.13 | 1.99 | 1.98 | 1.57 | 1.67 | 1.66 | 1.68 | 2.02 | 2.06 | 2.22 |
| Debt / equity | 0.11 | 0.13 | 0.16 | 0.25 | 0.21 | 0.24 | 0.22 | 0.22 | 0.20 | 0.20 |
| Equity / assets | 78.0% | 77.0% | 75.0% | 69.5% | 70.8% | 68.9% | 70.1% | 69.3% | 72.0% | 72.4% |
| Sep '26 | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $211.9M | $204.7M | $308.6M | $276.8M | $288.1M | $237.8M | $231.8M | $255.8M | $292.2M | $255.5M | $237.1M | $221.3M |
| Cash & equivalents | $211.9M | $204.7M | $308.6M | $276.8M | $288.1M | $237.8M | $231.8M | $255.8M | $292.2M | $255.5M | $237.1M | $221.3M |
| Receivables | $1.62B | $1.56B | $1.45B | $1.25B | $1.35B | $1.32B | $1.28B | $1.11B | $1.20B | $1.20B | $1.21B | $1.09B |
| Inventory | $1.78B | $1.74B | $1.69B | $1.75B | $1.72B | $1.73B | $1.67B | $1.65B | $1.56B | $1.50B | $1.50B | $1.52B |
| Other current assets | $225.1M | $188.2M | $173.5M | $202.0M | $187.9M | $173.4M | $173.6M | $202.5M | $208.2M | $181.8M | $136.9M | $189.3M |
| Total current assets | $3.83B | $3.69B | $3.62B | $3.47B | $3.55B | $3.46B | $3.36B | $3.21B | $3.26B | $3.15B | $3.08B | $3.02B |
| Property, plant & equipment (net) | $1.53B | $1.47B | $1.45B | $1.44B | $1.43B | $1.41B | $1.37B | $1.34B | $1.32B | $1.30B | $1.29B | $1.28B |
| Goodwill & intangible assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $134.0M | $136.6M | $137.4M | $140.2M | $142.6M | $145.2M | $147.7M | $150.3M | $153.0M | $155.5M | $158.1M | $160.7M |
| Total assets | $5.49B | $5.29B | $5.21B | $5.05B | $5.12B | $5.02B | $4.87B | $4.70B | $4.74B | $4.60B | $4.53B | $4.46B |
| Liabilities | ||||||||||||
| Accounts payable | $445.8M | $399.8M | $363.2M | $316.8M | $344.8M | $319.3M | $341.1M | $287.7M | $301.7M | $292.6M | $276.0M | $264.1M |
| Short-term debt | $163.5M | $177.0M | $131.1M | $131.1M | $201.8M | $236.1M | $176.4M | $173.8M | $214.2M | $208.2M | $97.4M | $156.2M |
| Deferred revenue | — | — | — | — | — | — | — | — | $16.8M | $16.5M | $57.0M | $1.8M |
| Total current liabilities | $974.2M | $881.8M | $824.1M | $715.6M | $832.7M | $820.3M | $785.2M | $687.1M | $741.6M | $717.0M | $637.9M | $661.3M |
| Long-term debt | $0 | $50.0M | $100.0M | $100.0M | $100.0M | $100.0M | $125.0M | $125.0M | $125.0M | $125.0M | $200.0M | $200.0M |
| Lease obligations | — | $321.5M | $320.5M | $316.9M | $322.3M | $315.2M | $295.8M | $285.4M | $286.8M | $281.2M | $283.4M | $275.0M |
| Other long-term liabilities | $371.0M | $292.9M | $296.2M | $293.7M | $289.1M | $288.5M | $270.4M | $269.6M | $274.4M | $265.9M | $265.6M | $252.8M |
| Total liabilities | $1.35B | $1.22B | $1.22B | $1.11B | $1.22B | $1.21B | $1.18B | $1.08B | $1.14B | $1.11B | $1.10B | $1.11B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $11.5M | $11.5M | $11.5M | $11.5M | $11.5M | $11.5M | $5.7M | $5.7M | $5.7M | $5.7M | $5.7M | $5.7M |
| Retained earnings (deficit) | $4.14B | $4.04B | $3.93B | $3.87B | $3.83B | $3.74B | $3.67B | $3.61B | $3.58B | $3.50B | $3.43B | $3.36B |
| Accumulated other comprehensive income | −$65.0M | −$62.7M | −$59.2M | −$51.1M | −$56.2M | −$51.6M | −$82.7M | −$91.5M | −$57.1M | −$74.5M | −$66.7M | −$54.8M |
| Total shareholders' equity | $4.15B | $4.07B | $3.99B | $3.94B | $3.89B | $3.81B | $3.69B | $3.62B | $3.60B | $3.50B | $3.43B | $3.35B |
| Key figures | ||||||||||||
| Total debt | $451.7M | $441.5M | $445.5M | $441.9M | $517.3M | $545.2M | $495.8M | $485.4M | $526.8M | $516.2M | $483.4M | $535.0M |
| Net cash (debt) | −$239.8M | −$236.8M | −$136.9M | −$165.1M | −$229.2M | −$307.4M | −$264.0M | −$229.6M | −$234.6M | −$260.7M | −$246.3M | −$313.7M |
| Working capital | $2.85B | $2.80B | $2.80B | $2.76B | $2.71B | $2.64B | $2.57B | $2.52B | $2.52B | $2.43B | $2.45B | $2.36B |
| Tangible book value | $4.15B | $4.07B | $3.99B | $3.94B | $3.89B | $3.81B | $3.69B | $3.62B | $3.60B | $3.50B | $3.43B | $3.35B |
| Book value per share | $3.61 | $3.54 | $3.47 | $3.43 | $3.38 | $3.31 | $3.21 | $3.15 | $3.13 | $3.04 | $2.99 | $2.92 |
| Shares outstanding | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B |
| Current ratio | 3.93 | 4.18 | 4.39 | 4.85 | 4.26 | 4.22 | 4.28 | 4.67 | 4.40 | 4.39 | 4.83 | 4.57 |
| Quick ratio | 1.88 | 2.00 | 2.13 | 2.13 | 1.96 | 1.90 | 1.92 | 1.99 | 2.01 | 2.04 | 2.27 | 1.98 |
| Debt / equity | 0.11 | 0.11 | 0.11 | 0.11 | 0.13 | 0.14 | 0.13 | 0.13 | 0.15 | 0.15 | 0.14 | 0.16 |
| Equity / assets | 75.5% | 76.9% | 76.6% | 78.0% | 76.1% | 75.9% | 75.8% | 77.0% | 75.9% | 75.9% | 75.7% | 75.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 5, 2026); data from EODHD.
FAST financial position
At the end of fiscal 2025 (December 31, 2025), Fastenal had total assets of $5.1 billion (up 7.6% from a year earlier), total liabilities of $1.1 billion and shareholders' equity of $3.9 billion. It held $276.8 million in cash and short-term investments against $441.9 million of debt, net debt of $165.1 million. Its current ratio was 4.85. In the latest quarter (ended September 30, 2026) total assets were $5.5 billion and equity $4.1 billion.
Related: FAST income statement, FAST cash flow statement, FAST key metrics. See the FAST stock overview for the latest quote and news.
FAST balance sheet FAQ
What are Fastenal's total assets?
Fastenal reported total assets of $5.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $4.7 billion a year earlier.
How much debt does Fastenal have?
Fastenal had $441.9 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.11.
How much cash does Fastenal have?
Fastenal held $276.8 million in cash and short-term investments at the end of fiscal 2025; with $441.9 million of debt that is net debt of $165.1 million.
What is Fastenal's book value?
Fastenal's shareholders' equity (book value) was $3.9 billion at the end of fiscal 2025, or $3.43 per share.
What is Fastenal's current ratio?
Fastenal had current assets of $3.5 billion and current liabilities of $715.6 million, a current ratio of 4.85 (it can cover its short-term obligations).