FASTENAL CO(FAST)Stock Analysis
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Rank #192 of 2,879 stocksTOP 10%
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Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Aug 14, 2026.
Revenue Growth
Profitability
Balance Sheet
Earnings Quality
Free Cash Flow
Institutional Flow
Revenue Scale
Dilution Risk
FAST Stock Analysis & AI Quality Score
AI stock analysis and institutional research for FASTENAL CO (FAST), a Consumer Discretionary sector company. 13F Pro's AI-powered ranking engine scores FAST at 73.5/100 on a 32-signal composite quality model, placing it at rank #192 of 2,879 stocks — the top 10% of the AI-ranked universe. FAST scores in the top quartile across balance sheet strength (98.1), revenue scale (85.2), profitability (77.9). Based on the latest XBRL financial filings (Q2 2026), FASTENAL CO reports quarterly revenue of $2.4B, net income of $382.8M, an operating margin of 21.0%. Top institutional holders of FAST by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, VANGUARD PORTFOLIO MANAGEMENT, based on the most recent SEC filings. FAST trades on the Nasdaq exchange and files with the SEC under CIK 815556. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate FAST daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for FASTENAL CO directly from SEC EDGAR. FASTENAL CO's 13F Pro composite quality score has ranged between 8 and 77 since 2021, currently 73.5 — a stable long-term trajectory across 57 quarterly and live scoring snapshots.
What's Driving FAST's Business? Latest 10-Q Breakdown
AI-extracted from FASTENAL CO's 10-Q filed 2026-07-16 — Q2 FY2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.
Net sales grew 14.7% YoY to $2.4B in Q2 2026; operating margin held flat at 21.0% despite 75bps gross margin compression from unfavorable net price/cost.
Largest Expense Items
Unfavorable net price/cost approximately 40bps, customer mix shift toward larger customers, higher transportation costs from fuel inflation, increased customer rebates.
Employee-related expenses improved 70bps as % of sales via base pay leverage; occupancy improved 40bps from fixed cost leverage.
Margins: Gross margin declined 75bps to 44.6% due to unfavorable net price/cost (~40bps) and customer mix headwinds, offset partially by fastener expansion benefits. Operating margin remained flat at 21.0% as SG&A leverage of 80bps fully offset gross margin compression.
Watch Items from the Filing
- Manufacturing represents 75.9% of Q2 2026 sales; heavy manufacturing alone 44.1%. Concentration risk if manufacturing end-market softens.
- Contract customer sales grew 17.6% YoY vs. non-contract 7.3%; contract customer mix now 75.8% of sales vs. 73.2% prior year. Strategy depends on continued contract wins and implementation.
- Gross margin pressure from unfavorable net price/cost of ~40bps and customer mix shift toward larger, lower-margin accounts continues; fastener expansion benefits largely anniversary in Q2 2026.
- Digital Footprint sales (FMI + eBusiness) increased 16.2% YoY to $1.5B, now 61.6% of Q2 sales. FASTBin/FASTVend weighted signings 6,993 MEUs; FY2026 goal lowered to 27,000-29,000 from 28,000-30,000 MEUs.
AI-extracted and verified against SEC EDGAR filing text. Not investment advice.
Revenue
Q2 2026
$2.4B
Net Income
Q2 2026
$382.8M
Free Cash Flow
Q2 2026
$201.6M
Operating Margin
Q2 2026
21.0%
D/E Ratio
Q2 2026
0.05
Revenue & Net Income
Earnings Per Share
Key Financials Over Time
Export Financial Table · Pro+Revenue
+8.7% YoYNet Income
+9.4% YoYOperating Income
+9.6% YoYEPS (Diluted)
+118.0% YoYTotal Assets
+7.6% YoYTotal Debt
-45.5% YoYOp. Cash Flow
+10.4% YoY| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $8.20B +8.7% | $7.55B +2.7% | $7.35B +5.2% | $6.98B +16.1% | $6.01B +6.4% | $5.65B |
| Net Income | $1.26B +9.4% | $1.15B -0.4% | $1.16B +6.3% | $1.09B +17.5% | $925.0M +7.7% | $859.1M |
| Operating Income | $1.66B +9.6% | $1.51B -1.2% | $1.53B +5.2% | $1.45B +19.4% | $1.22B +6.6% | $1.14B |
| EPS (Diluted) | $1.09 +118.0% | $0.50 -1.0% | $0.51 -46.6% | $0.94 +18.1% | $0.80 +7.4% | $0.74 |
| Total Assets | $5.05B +7.6% | $4.70B +5.3% | $4.46B -1.9% | $4.55B +5.8% | $4.30B +8.4% | $3.96B |
| Total Debt | $150.0M -45.5% | $275.0M -14.1% | $320.0M -57.7% | $756.8M +68.2% | $450.0M +1.1% | $445.0M |
| Operating Cash Flow | $1.30B +10.4% | $1.17B -18.1% | $1.43B +52.3% | $941.0M +22.2% | $770.1M -30.1% | $1.10B |
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Available Research
13F Pro tracks comprehensive data for FASTENAL CO including:
Top Institutional Holders of FAST
BlackRock, Inc.
$4.9B104,753,834 shVANGUARD CAPITAL MANAGEMENT LLC
$3.5B74,558,083 shVANGUARD PORTFOLIO MANAGEMENT LLC
$3.0B64,448,831 shSTATE STREET CORP
$2.6B55,569,175 shCHARLES SCHWAB INVESTMENT MANAGEMENT INC
$1.8B39,387,932 shGEODE CAPITAL MANAGEMENT, LLC
$1.8B38,923,111 shMORGAN STANLEY
$1.2B25,737,011 shBank of New York Mellon Corp
$1.1B24,654,846 shWELLINGTON MANAGEMENT GROUP LLP
$769.9M16,592,062 shBANK OF AMERICA CORP /DE/
$756.0M16,292,425 sh
| Fund | Value | Shares |
|---|---|---|
| BlackRock, Inc. | $4.9B | 104,753,834 |
| VANGUARD CAPITAL MANAGEMENT LLC | $3.5B | 74,558,083 |
| VANGUARD PORTFOLIO MANAGEMENT LLC | $3.0B | 64,448,831 |
| STATE STREET CORP | $2.6B | 55,569,175 |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | $1.8B | 39,387,932 |
| GEODE CAPITAL MANAGEMENT, LLC | $1.8B | 38,923,111 |
| MORGAN STANLEY | $1.2B | 25,737,011 |
| Bank of New York Mellon Corp | $1.1B | 24,654,846 |
| WELLINGTON MANAGEMENT GROUP LLP | $769.9M | 16,592,062 |
| BANK OF AMERICA CORP /DE/ | $756.0M | 16,292,425 |
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Popular Research
Is FAST a good stock to buy?
13F Pro's AI-powered analysis of FASTENAL CO (FAST) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Consumer Discretionary sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for FAST are available on the FAST stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.
Which hedge funds own FAST?
Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling FAST. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of FASTENAL CO's investment landscape.