Fastenal FAST · USD
Industrials · Trading Companies & Distributors · US listing · 🇺🇸 United States
S&P 500Nasdaq-100
54.57
+2.98%
Close of 9 Nov 2026, in USD
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About Fastenal
From its filings with the US Securities and Exchange Commission
Fastenal is based in Winona, Minnesota and is incorporated in Minnesota. Its shares trade on Nasdaq under the ticker FAST. It is a member of the S&P 500 and Nasdaq-100. The SEC classifies its business as retail-building materials, hardware, garden supply. In the fiscal year to 31 December 2025, it reported revenue of $8.20bn and net income of $1.26bn. At that date it held total assets of $5.05bn and shareholders' equity of $3.94bn. By business, U.S. reportable segment brought in 83.2% of revenue, followed by Other operating segment at 16.8%. By region, United States accounted for 83.2%, followed by Canada and Mexico at 13.5% and All other foreign countries at 3.3%.
Note – Information in this section is as of year end unless otherwise noted. The year end is December 31, 2025 unless additional years are included or noted.
Fastenal began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968. We opened our first branch in 1967 in Winona, Minnesota, a city with a population today of approximately 26,000. We began with a marketing strategy of supplying threaded fasteners to customers through a branch network in small, medium, and, in subsequent years, large cities. Over time, how and where we engage our customers has expanded and evolved. Today we sell a broader range of industrial and construction supplies spanning more than nine major product lines through a global network of locations utilizing diverse technologies such as vending devices, bin stock devices, and eBusiness. The large majority of our transactions are business-to-business. We provide additional descriptions of our product lines and market channels later in this document. At the end of 2025, we had 1,595 branch locations in 25 countries supported by 15 distribution centers in North America, with 12 in the United States (U.S.), two in Canada, and one in Mexico; two in Asia; and two in Europe, and we employed 24,489 people. We believe our success can be attributed to the high quality of our employees and their convenient proximity to our customers, and our ability to offer customers a full range of products and services to reduce their total cost of procurement.
Quoted from its 10-K, filed 5 Feb 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Industrials
- Industry
- Trading Companies & Distributors
- Listed since
- 1 Aug 1987
- Employees
- 24,489
- Website
- fastenal.com ↗
- Head office
- 2001 THEURER BLVD, WINONA, MN, 55987
- Incorporated in
- MN
- Classification
- Retail-Building Materials, Hardware, Garden Supply
- Filer status
- Large accelerated filer
Leadership
Pay as last reported
- Mr. Scott SatterleeIndependent Chairman of the Board$200,000
- Mr. Jeffery WattsPresident, Chief Sales Officer$1.1m
- Mr. Daniel FlornessChief Executive Officer, Director, since 1996$1.7m
- Ms. Sheryl LisowskiExecutive Vice President, Chief Accounting Officer, Treasurer, Interim Chief Financial Officer$342,904
- Mr. William DrazkowskiExecutive Vice President - Sales, since 2019$731,673
- Mr. Charles MillerSenior Executive Vice President - Sales$847,673
- Ms. Noelle OasExecutive Vice President of Human Resources
- Mr. Anthony BroersmaExecutive Vice President - Operations
- Mr. James JansenExecutive Vice President - Manufacturing$1.3m
- Ms. Donnalee PapenfussExecutive Vice President - Strategy and Communications
- Mr. John SoderbergSenior Executive Vice President - Information Technology$1.2m
- Ms. Reyne WisecupDirector, since 2000$150,000
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 50
- Environment
- 40
- Social
- 29
- Governance
- 82
- Direct emissions (scope 1)
- 130,852 t
- Energy emissions (scope 2)
- 37,618 t
- Women in the workforce
- 24%
- Carbon reduction policy
- Yes
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Fastenal Co has several strengths that contribute to its success. Firstly, the company has a strong distribution network, allowing it to effectively deliver its products to customers across various locations. This network ensures timely and efficient delivery, enhancing customer satisfaction.
- Secondly, Fastenal Co has built a solid reputation for its extensive product portfolio. With a wide range of high-quality industrial and construction supplies, the company attracts and retains a diverse customer base.
- Despite its strengths, Fastenal Co also faces certain weaknesses. One of these is its dependence on a few suppliers for its product inventory. This exposes the company to the risk of supply chain disruptions and potential quality issues.
- Additionally, the company's heavy reliance on its branch-based distribution model could limit its ability to penetrate markets where it does not have a physical presence, potentially hampering its growth opportunities.
- Fastenal Co can capitalize on several opportunities in the market. Firstly, there is a growing demand for industrial and construction supplies. By expanding its product offerings and leveraging its distribution network, the company can tap into new markets and attract more customers.
- Furthermore, Fastenal Co can explore strategic partnerships or acquisitions to expand its geographical reach and gain access to new customer segments, potentially increasing its market share and revenues.
- Like any other company, Fastenal Co faces certain threats that could impact its performance. One of these threats is intense competition from both established players and new entrants in the industry. This competition may lead to pricing pressures or loss of market share.
- Moreover, economic downturns or fluctuations in construction and industrial activity can negatively affect Fastenal Co's business, as customers may decrease spending on supplies during challenging economic times.
Weaknesses
- Despite its strengths, Fastenal Co also faces certain weaknesses. One of these is its dependence on a few suppliers for its product inventory. This exposes the company to the risk of supply chain disruptions and potential quality issues.
- Additionally, the company's heavy reliance on its branch-based distribution model could limit its ability to penetrate markets where it does not have a physical presence, potentially hampering its growth opportunities.
- Fastenal Co can capitalize on several opportunities in the market. Firstly, there is a growing demand for industrial and construction supplies. By expanding its product offerings and leveraging its distribution network, the company can tap into new markets and attract more customers.
- Furthermore, Fastenal Co can explore strategic partnerships or acquisitions to expand its geographical reach and gain access to new customer segments, potentially increasing its market share and revenues.
- Like any other company, Fastenal Co faces certain threats that could impact its performance. One of these threats is intense competition from both established players and new entrants in the industry. This competition may lead to pricing pressures or loss of market share.
- Moreover, economic downturns or fluctuations in construction and industrial activity can negatively affect Fastenal Co's business, as customers may decrease spending on supplies during challenging economic times.
Opportunities
- Fastenal Co can capitalize on several opportunities in the market. Firstly, there is a growing demand for industrial and construction supplies. By expanding its product offerings and leveraging its distribution network, the company can tap into new markets and attract more customers.
- Furthermore, Fastenal Co can explore strategic partnerships or acquisitions to expand its geographical reach and gain access to new customer segments, potentially increasing its market share and revenues.
- Like any other company, Fastenal Co faces certain threats that could impact its performance. One of these threats is intense competition from both established players and new entrants in the industry. This competition may lead to pricing pressures or loss of market share.
- Moreover, economic downturns or fluctuations in construction and industrial activity can negatively affect Fastenal Co's business, as customers may decrease spending on supplies during challenging economic times.
Threats
- Like any other company, Fastenal Co faces certain threats that could impact its performance. One of these threats is intense competition from both established players and new entrants in the industry. This competition may lead to pricing pressures or loss of market share.
- Moreover, economic downturns or fluctuations in construction and industrial activity can negatively affect Fastenal Co's business, as customers may decrease spending on supplies during challenging economic times.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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