Companies /Industrials

Fastenal Company

NASDAQ: FAST Industrial Distribution
$49.32
▲ $0.31 (+0.63%) today
Markets closed · 1:05pm ET

Q4 2025 Earnings

Reported Jan 20, 2026, 8:17am ET · SEC source
$0.26
Beat +0.54%
EPS · est. $0.26
$2.0B
Miss −0.70%
Revenue · est. $2.0B
+6.7%
Beating market
FAST vs S&P since report
3 quarters
Consecutive EPS beats

Market Reaction

% change · around the report
0+3%+6%+9%Jan 20Jan 21report 8:17am ETearnings−0.2%+8.6%
0+3%+6%+9%Jan 20Jan 21earnings−0.2%+8.6%
FAST +8.6%S&P 500 −0.2%
0+3%+6%+9%Jan 20Jan 21report 8:17am ETearnings+0.1%+8.6%
0+3%+6%+9%Jan 20Jan 21earnings+0.1%+8.6%
FAST +8.6%NASDAQ +0.1%
0+4%+8%Jan 20Jan 28report 8:17am ETearnings+2.4%+7.3%
0+4%+8%Jan 20Jan 28earnings+2.4%+7.3%
FAST +7.3%S&P 500 +2.4%
0+3%+6%+9%Jan 20Jan 28report 8:17am ETearnings+4.2%+7.3%
0+3%+6%+9%Jan 20Jan 28earnings+4.2%+7.3%
FAST +7.3%NASDAQ +4.2%
−2.56%
Day of report
+4.67%
Next session
+3.12%
One week
+8.45%
30 days

S&P 500 over the same 30 days: +1.75%.

Did FAST Beat Earnings? Q4 2025 Results

Fastenal delivered a largely in-line quarter to close out fiscal 2025, with earnings per share of $0.26 nudging past the $0.26 consensus by 0.23% while revenue of $2.03 billion came in essentially flat against estimates, missing by just 0.05%, yet still posted a healthy 11.1% year-over-year gain. The top-line momentum was powered primarily by accelerating contract customer signings that took root in early 2024, with contract sales growing 12.9% on a daily rate basis compared to just 5.7% in the prior year period, even as management acknowledged a sluggish industrial production backdrop that raises questions about <a href="https://247wallst.com/investing/2026/01/20/is-this-dividend-stalwart-signaling-a-tough-economy-in-2026/">the broader manufacturing outlook</a>. Gross margin compressed 50 basis points to 44.3%, pressured by inventory cost timing and supplier rebate headwinds, though improved SG&A leverage helped operating margin edge up to 19.0%. Looking ahead, Fastenal raised its 2026 device signing target to 28,000-30,000 MEUs and guided capital expenditure to $310-$330 million, a sharp increase from $230.6 million in 2025, reflecting hub facility replacement and trucking investments.

Key Takeaways
  • Improved customer contract signings since Q1 2024 driving incremental sales
  • Contract customer sales DSR growth of 12.9% versus 5.7% in prior year
  • Manufacturing end markets outperformed due to strength with key account customers with significant managed spend
  • Product pricing contributed 310-340 basis points to net sales growth
  • Direct products outpaced indirect products due to fastener expansion project
  • Growth in customer sites spending $10k+ per month
  • Non-residential construction end market experienced growth for third time in thirteen consecutive quarters

Forward Guidance & Outlook

Fastenal expects 2026 weighted FASTBin/FASTVend device signings of 28,000 to 30,000 MEUs, up from 25,892 in 2025. Capital expenditure for 2026 is expected to be in the range of $310.0 million to $330.0 million, up from $230.6 million in 2025, driven by replacement of the Atlanta hub facility, trucking spend, and delayed IT projects. The company expects its ongoing tax rate, absent discrete items or tax law changes, to be approximately 24.5%. The fastener expansion project's benefits will anniversary early in Q2 2026.

FAST YoY Financials

Q4 2025 vs Q4 2024 · SEC filings Q4 2024 Q4 2025
$0$600.0M$1.2B$1.8B$1.8B$2.0BRevenue$818.2M$898.7MGross Profit$344.8M$384.3MOperating Income$262.1M$294.1MNet Income
$0$600.0M$1.2B$1.8BRevenueGross ProfitOperating IncomeNet Income

FAST Revenue by Segment

Digital Footprint Sales$1.3B+11.1%
FMI Technology Sales$946.9M+16.5%
FASTBin/FASTVend Sales$686.3M+17.4%
eBusiness Sales$609.0M+6.4%
FASTStock Sales$260.6M+14.5%

Figures from SEC filings and company reports. Not investment advice.