Fastenal Company (FAST) Key Metrics
FAST valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $58.55B
- Enterprise value
- $58.75B
- P/E (TTM)
- 41.5 10-yr median 29.7
- Forward P/E
- 37.5
- PEG ratio
- 3.39
- Price / sales
- 6.4 10-yr median 4.5
- Price / book
- 14.4 10-yr median 9.4
- EV / EBITDA
- 30.0 10-yr median 19.9
- Dividend yield
- 2.04% $1.04 a year
- Beta
- 0.69
FAST key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsFAST valuation Price multiples at each fiscal year-end price.
FAST returns How much profit the business earns on the capital it uses.
FAST per-share figures Results divided by the shares outstanding at year-end.
FAST financial health Debt, liquidity and how easily interest is covered.
FAST efficiency & capital use Working capital cycle and where the cash goes.
FAST valuation history
FAST returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
FAST debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
FAST cash returned to shareholders
FAST price vs earnings per share
FAST key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $46.16B | $41.30B | $37.11B | $27.24B | $36.97B | $28.11B | $21.22B | $15.02B | $15.77B | $13.58B |
| Enterprise value | $46.33B | $41.53B | $37.43B | $27.81B | $37.37B | $28.51B | $21.64B | $15.35B | $16.07B | $13.86B |
| P/E ratio | 36.7 | 35.9 | 32.1 | 25.1 | 40.0 | 32.7 | 26.8 | 20.0 | 27.3 | 27.2 |
| Price / sales | 5.6 | 5.5 | 5.1 | 3.9 | 6.2 | 5.0 | 4.0 | 3.0 | 3.6 | 3.4 |
| Price / book | 11.7 | 11.4 | 11.1 | 8.6 | 12.2 | 10.3 | 8.0 | 6.5 | 7.5 | 7.0 |
| Price / free cash flow | 43.9 | 43.6 | 29.5 | 35.5 | 60.3 | 30.1 | 35.6 | 30.2 | 33.9 | 41.9 |
| Price / operating cash flow | 35.6 | 35.2 | 25.9 | 28.9 | 48.0 | 25.5 | 25.2 | 22.3 | 26.9 | 26.4 |
| EV / sales | 5.6 | 5.5 | 5.1 | 4.0 | 6.2 | 5.0 | 4.1 | 3.1 | 3.7 | 3.5 |
| EV / EBITDA | 25.2 | 24.6 | 21.9 | 17.1 | 26.9 | 21.9 | 17.9 | 13.5 | 15.9 | 15.4 |
| EV / free cash flow | 44.1 | 43.9 | 29.7 | 36.2 | 60.9 | 30.5 | 36.3 | 30.8 | 34.5 | 42.7 |
| Earnings yield | 2.7% | 2.8% | 3.1% | 4.0% | 2.5% | 3.1% | 3.7% | 5.0% | 3.7% | 3.7% |
| Free cash flow yield | 2.3% | 2.3% | 3.4% | 2.8% | 1.7% | 3.3% | 2.8% | 3.3% | 3.0% | 2.4% |
| Dividend yield | 2.2% | 2.2% | 2.7% | 2.6% | 1.7% | 2.9% | 2.3% | 2.9% | 2.3% | 2.6% |
| Shareholder yield (dividends + buybacks) | 2.2% | 2.2% | 3.0% | 3.5% | 1.7% | 3.0% | 2.3% | 3.6% | 2.9% | 3.0% |
| Share price at fiscal year-end | $40.13 | $35.95 | $32.38 | $23.66 | $32.03 | $24.41 | $18.48 | $13.07 | $13.67 | $11.74 |
| Per share | ||||||||||
| Revenue per share | $7.13 | $6.57 | $6.41 | $6.06 | $5.21 | $4.90 | $4.64 | $4.32 | $3.81 | $3.43 |
| Earnings per share | $1.09 | $1.00 | $1.01 | $0.94 | $0.80 | $0.75 | $0.69 | $0.65 | $0.50 | $0.43 |
| Operating cash flow per share | $1.13 | $1.02 | $1.25 | $0.82 | $0.67 | $0.96 | $0.73 | $0.59 | $0.51 | $0.44 |
| Free cash flow per share | $0.91 | $0.82 | $1.10 | $0.67 | $0.53 | $0.81 | $0.52 | $0.43 | $0.40 | $0.28 |
| Cash per share | $0.24 | $0.22 | $0.19 | $0.20 | $0.20 | $0.21 | $0.15 | $0.15 | $0.10 | $0.10 |
| Book value per share | $3.43 | $3.15 | $2.92 | $2.75 | $2.64 | $2.37 | $2.32 | $2.00 | $1.82 | $1.67 |
| Tangible book value per share | $3.43 | $3.15 | $2.92 | $2.75 | $2.64 | $2.37 | $2.32 | $2.00 | $1.82 | $1.67 |
| Dividends per share | $0.87 | $0.78 | $0.89 | $0.62 | $0.56 | $0.70 | $0.43 | $0.38 | $0.32 | $0.30 |
| Capex per share | $0.21 | $0.20 | $0.15 | $0.15 | $0.14 | $0.15 | $0.21 | $0.15 | $0.10 | $0.16 |
| Debt per share | $0.38 | $0.42 | $0.47 | $0.70 | $0.55 | $0.56 | $0.51 | $0.44 | $0.36 | $0.34 |
| Shares outstanding | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.15B | 1.16B |
| Change in shares outstanding | +0.2% | +0.2% | −0.5% | −0.3% | +0.3% | +0.2% | +0.0% | −0.4% | −0.3% | −1.0% |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | 33.3% | 33.0% | 35.5% | 35.0% | 32.0% | 31.8% | 31.8% | 34.2% | 28.7% | 26.7% |
| Return on invested capital (ROIC) | 31.7% | 30.7% | 31.4% | 30.6% | 28.3% | 27.9% | 28.0% | 30.3% | 25.4% | 23.7% |
| Return on assets (ROA) | 25.8% | 25.1% | 25.6% | 24.6% | 22.4% | 22.1% | 22.2% | 24.1% | 20.7% | 19.2% |
| Return on tangible assets | 24.9% | 24.5% | 25.9% | 23.9% | 21.5% | 21.7% | 20.8% | 22.6% | 19.9% | 18.7% |
| Free cash flow margin | 12.8% | 12.5% | 17.1% | 11.0% | 10.2% | 16.5% | 11.2% | 10.0% | 10.6% | 8.2% |
| Income quality (OCF / net income) | 1.03 | 1.02 | 1.24 | 0.87 | 0.83 | 1.28 | 1.07 | 0.90 | 1.01 | 1.03 |
| Financial health | ||||||||||
| Total debt | $441.9M | $485.4M | $535.0M | $802.1M | $636.8M | $650.1M | $590.6M | $500.0M | $415.0M | $390.0M |
| Cash & short-term investments | $276.8M | $255.8M | $221.3M | $230.1M | $236.2M | $245.7M | $174.9M | $167.2M | $116.9M | $112.7M |
| Net debt | $165.1M | $229.6M | $313.7M | $572.0M | $400.6M | $404.4M | $415.7M | $332.8M | $298.1M | $277.3M |
| Debt / equity | 0.11 | 0.13 | 0.16 | 0.25 | 0.21 | 0.24 | 0.22 | 0.22 | 0.20 | 0.20 |
| Debt / assets | 0.09 | 0.10 | 0.12 | 0.18 | 0.15 | 0.16 | 0.16 | 0.15 | 0.14 | 0.15 |
| Net debt / EBITDA | 0.09 | 0.14 | 0.18 | 0.35 | 0.29 | 0.31 | 0.34 | 0.29 | 0.30 | 0.31 |
| Current ratio | 4.85 | 4.67 | 4.57 | 3.96 | 4.19 | 4.08 | 4.51 | 5.30 | 5.51 | 6.24 |
| Quick ratio | 2.41 | 2.28 | 2.27 | 1.79 | 1.95 | 1.90 | 2.00 | 2.37 | 2.40 | 2.64 |
| Interest coverage | 267.0 | 206.8 | 141.5 | 101.7 | 125.5 | 117.7 | 76.1 | 79.3 | 96.9 | 122.4 |
| Working capital | $2.76B | $2.52B | $2.36B | $2.33B | $2.17B | $1.89B | $1.91B | $1.88B | $1.58B | $1.45B |
| Invested capital | $4.11B | $3.85B | $3.66B | $3.74B | $3.44B | $3.14B | $3.08B | $2.64B | $2.40B | $2.21B |
| Tangible asset value | $3.94B | $3.62B | $3.35B | $3.16B | $3.04B | $2.73B | $2.67B | $2.30B | $2.10B | $1.93B |
| Net current asset value | $2.36B | $2.13B | $1.91B | $1.74B | $1.60B | $1.27B | $1.32B | $1.30B | $1.12B | $985.0M |
| Graham number | $9.19 | $8.42 | $8.14 | $7.64 | $6.89 | $6.31 | $6.00 | $5.43 | $4.53 | $4.03 |
| Graham net-net per share | $0.85 | $0.72 | $0.60 | $0.40 | $0.36 | $0.23 | $0.24 | $0.28 | $0.26 | $0.21 |
| Capital allocation | ||||||||||
| Dividends paid | $1.00B | $893.3M | $1.02B | $711.3M | $643.7M | $803.4M | $498.6M | $441.9M | $369.1M | $346.6M |
| Share buybacks (net) | — | $0 | $93.2M | $237.8M | $0 | $52.0M | $0 | $103.0M | $82.6M | $59.4M |
| Dividend payout ratio | 79.8% | 77.6% | 88.0% | 65.4% | 69.6% | 93.5% | 63.0% | 58.8% | 63.8% | 69.4% |
| Dividends + buybacks / free cash flow | 95.6% | 94.3% | 88.1% | 123.7% | 104.9% | 91.6% | 83.6% | 109.4% | 97.1% | 125.1% |
| Capex / revenue | 3.0% | 3.0% | 2.4% | 2.5% | 2.6% | 3.0% | 4.6% | 3.6% | 2.7% | 4.8% |
| Capex / operating cash flow | 18.9% | 19.3% | 12.1% | 18.5% | 20.3% | 15.3% | 29.2% | 26.1% | 20.5% | 36.9% |
| Capex / depreciation | 1.37 | 1.29 | 0.97 | 0.98 | 0.92 | 1.04 | 1.66 | 1.28 | 0.94 | 1.82 |
| Stock-based compensation / revenue | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| SG&A / revenue | 24.8% | 25.1% | 24.7% | 25.2% | 25.9% | 25.3% | 27.4% | 28.2% | 29.2% | 29.5% |
| Efficiency | ||||||||||
| Days sales outstanding | 52.4 | 53.1 | 52.2 | 50.0 | 50.7 | 48.8 | 49.8 | 48.6 | 46.0 | 44.6 |
| Days of inventory on hand | 137.3 | 139.5 | 147.7 | 156.7 | 161.5 | 160.2 | 171.3 | 168.7 | 170.9 | 174.2 |
| Days payables outstanding | 24.5 | 24.3 | 23.7 | 23.7 | 24.8 | 23.7 | 25.0 | 24.3 | 21.0 | 21.4 |
| Cash conversion cycle (days) | 165.2 | 168.3 | 176.1 | 183.0 | 187.3 | 185.4 | 196.1 | 193.0 | 196.0 | 197.3 |
| Receivables turnover | 6.97 | 6.87 | 6.99 | 7.30 | 7.20 | 7.47 | 7.33 | 7.51 | 7.93 | 8.19 |
| Payables turnover | 14.92 | 15.02 | 15.38 | 15.43 | 14.70 | 15.41 | 14.59 | 15.05 | 17.38 | 17.02 |
| Inventory turnover | 2.66 | 2.62 | 2.47 | 2.33 | 2.26 | 2.28 | 2.13 | 2.16 | 2.14 | 2.10 |
| Asset turnover | 1.68 | 1.65 | 1.63 | 1.58 | 1.45 | 1.45 | 1.50 | 1.59 | 1.57 | 1.52 |
| Average receivables | $1.18B | $1.10B | $1.05B | $956.7M | $834.8M | $755.6M | $728.0M | $661.0M | $553.8M | $484.0M |
| Average payables | $302.2M | $275.9M | $259.6M | $244.1M | $220.1M | $199.9M | $193.2M | $170.6M | $128.1M | $117.4M |
| Average inventory | $1.70B | $1.58B | $1.62B | $1.62B | $1.43B | $1.35B | $1.32B | $1.19B | $1.04B | $953.1M |
| Intangibles / total assets | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Computed from FAST's annual financial statements (latest annual report filed February 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
FAST valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Fastenal traded at 36.7 times earnings, against a 10-year median of 29.7. Based on the latest twelve months, the trailing P/E is 41.5 and the forward P/E is 37.5. Fastenal earned a return on equity of 33.3% and a return on invested capital of 31.7% in fiscal 2025. It ended the year with $441.9 million of debt and $276.8 million in cash and short-term investments, net debt of $165.1 million. It returned $1.0 billion to shareholders: $1.0 billion in dividends and $0 in share buybacks, 96% of free cash flow.
See the FAST income statement, the FAST chart for price history, or the FAST stock overview for the latest quote and news.
FAST key metrics FAQ
What is Fastenal's P/E ratio?
Fastenal's trailing P/E ratio is 41.5 based on the last twelve months of earnings (as of October 18, 2026), and its forward P/E is 37.5. At the end of fiscal 2025 it was 36.7, compared with a 10-year median of 29.7.
What is Fastenal's EV/EBITDA?
Fastenal's enterprise value was 25.2 times EBITDA at the end of fiscal 2025 (enterprise value $46.3 billion, EBITDA $1.8 billion); the current EV/EBITDA is 30.0.
What is Fastenal's return on equity?
Fastenal's return on equity (ROE) was 33.3% in fiscal 2025: net income of $1.3 billion on average shareholders' equity of $3.8 billion.
What is Fastenal's ROIC?
Fastenal's return on invested capital was 31.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Fastenal have?
Fastenal had total debt of $441.9 million at the end of fiscal 2025, a debt-to-equity ratio of 0.11 and $165.1 million of net debt (0.09 times EBITDA).
What is Fastenal's dividend yield?
Fastenal's forward dividend yield is 2.04%. Fastenal paid $1.0 billion in dividends in fiscal 2025 ($0.87 per share), a payout ratio of 79.8%.
What is Fastenal's free cash flow yield?
Fastenal generated $1.1 billion of free cash flow in fiscal 2025, a free cash flow yield of 2.3% on its market value at year-end ($46.2 billion).
What is Fastenal's current ratio?
Fastenal's current ratio was 4.85 at the end of fiscal 2025: current assets were 4.85 times current liabilities.