FAST
Fastenal Company
FAST's fundamentals are strong, but it looks expensive: trading at 45x earnings, above its usual 34x. Analysts expect earnings growth.
FAST Fundamentals
| Metric | Status |
|---|---|
| Healthy | |
| Healthy | |
| Strong | |
| Strong |
FAST's revenue, profitability, cash flow and balance sheet are all currently healthy.
FAST PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 28x | $34.70 | -38% |
| Fair | 34x | $41.55 | -25% |
| Forward | 40x | $55.55 | — |
| Expensive | 41x | $49.86 | -10% |
| Current | 45x | $55.55 | — |
Historical ranges are pointers, not guarantees.
FAST's PE is in its expensive range at 45x. If earnings grow as analysts expect, today's price would be 40x next year's earnings.
FAST Forward outlook
| Metric | Outlook |
|---|---|
| Improving | |
| Growth | |
| Growth | |
| Stable | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for FAST, with profitability holding steady.
FAST Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.38 | +13% |
| Q3 2026 | $1.23 | +16% |
| Q2 2026 | $1.17 | +14% |
| Q1 2026 | $1.13 | +13% |
| Q4 2025 | $1.09 | +9% |
| Q3 2025 | $1.06 | +6% |
| Q2 2025 | $1.03 | +3% |
| Q1 2025 | $1.00 | -1% |
| Q4 2024 | $1.00 | -1% |
FAST earned $1.23 per share over the past year, up 16% from the year before.
FAST Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $2.5B | +15% |
| Q2 2026 | $2.4B | +15% |
| Q1 2026 | $2.2B | +12% |
| Q4 2025 | $2B | +11% |
| Q3 2025 | $2.1B | +12% |
| Q2 2025 | $2.1B | +8.6% |
| Q1 2025 | $2B | +3.4% |
| Q4 2024 | $1.8B | +3.7% |
FAST's revenue has grown year over year for 21 quarters in a row: $2.5B last quarter, up 15% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 22% | +0.9 points |
| Q2 2026 | 21% | +0.1 points |
| Q1 2026 | 20% | +0.2 points |
| Q4 2025 | 19% | +0.1 points |
| Q3 2025 | 21% | +0.4 points |
| Q2 2025 | 21% | +0.8 points |
| Q1 2025 | 20% | -0.5 points |
| Q4 2024 | 19% | -1.2 points |
FAST's operating margin was 22% last quarter, up 0.9 points from the same quarter a year ago.
FAST Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $347.6M | +6.4% |
| Q2 2026 | $201.6M | -3.7% |
| Q1 2026 | $319.5M | +55% |
| Q4 2025 | $308.1M | +38% |
| Q3 2025 | $326.6M | +38% |
| Q2 2025 | $209.3M | +3.7% |
| Q1 2025 | $206.5M | -27% |
| Q4 2024 | $222.6M | -30% |
FAST's free cash flow has been positive every quarter for seven years: $1.2B over the past year, up 22% from the year before.
FAST Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | 0% | -179K shares |
| 1 year | -0.1% | -934K shares |
| 3 years | +0.3% | +3.9M shares |
| 5 years | -0.4% | -4.4M shares |
| Available history | +0.1% | +1.2M shares |
FAST has 1.2B diluted shares, about the same as a year ago.
| Quarter | Spent |
|---|---|
| Q3 2026 | $30.5M |
| Q2 2026 | $30M |
| Q1 2026 | $20.3M |
| Q4 2023 | — |
| Q3 2023 | — |
| Q2 2023 | — |
| Q4 2022 | $93.2M |
| Q3 2022 | $95.3M |
FAST Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.1x | Net Cash |
| Q2 2026 | -0.0x | Net Cash |
| Q1 2026 | -0.1x | Net Cash |
| Q4 2025 | -0.1x | Net Cash |
| Q3 2025 | -0.1x | Net Cash |
| Q2 2025 | -0.0x | Very low |
| Q1 2025 | -0.0x | Net Cash |
| Q4 2024 | -0.0x | Net Cash |
FAST has more cash than debt.
FAST Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 73.1 | Overbought |
| Stochastic | 82.4 | Overbought |
FAST's weekly RSI is 73 (overbought) and its Stochastic is 82 (overbought).
FAST PE vs Industrials Sector
| Metric | FAST | Sector median | Relative |
|---|---|---|---|
| PE | 45x | 24x | 88% above |
| PE % | 97 | 58 | 39 pts above |
FAST is trading at 45x earnings, a 88% premium to the Industrials sector's median of 24x.
FAST Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $51.9 | 7% above |
| 20 week MA | $50.1 | 11% above |
| 50 week MA | $46.9 | 19% above |
| 100 week MA | $44.3 | 25% above |
| 200 week MA | $38.1 | 46% above |
FAST is in an uptrend: it's above all five of its weekly moving averages, and 46% above its 200-week average.
FAST Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $18.5 | $24.8 | +34% |
| 2021 | $24.8 | $31.3 | +26% |
| 2022 | $31.3 | $23.9 | -24% |
| 2023 | $23.9 | $32.4 | +36% |
| 2024 | $32.4 | $36.5 | +13% |
| 2025 | $36.5 | $41.6 | +14% |
| 2026 YTD | $41.6 | $55.6 | +34% |
FAST has finished higher in five of the last six years. It's up 34% so far in 2026.