Fastenal Company
Fastenal Company (FAST) is a leading industrial distributor supplying fasteners, tools, safety equipment and other maintenance, repair and operations (MRO) products to construction, manufacturing and public-sector customers. The business combines a dense branch network, on-site inventory management, vending systems and a growing private-label range to generate recurring, service-led sales. Investors typically monitor branch growth, same-store sales, gross margins and inventory turns as indicators of operational health. With a market capitalisation around $50 billion, Fastenal benefits from scale but remains exposed to industrial cyclicality, commodity cost swings and competitive pressure from broadline distributors and online suppliers. The company has a track record of returning cash to shareholders via dividends and buybacks, though yields and returns change over time. This summary is educational only and not personal financial advice; suitability depends on your circumstances and goals, and values can rise and fall.
Why It's Moving
Fastenal's November sales surge 6.2% signals resilient demand amid industrial recovery.
Fastenal reported robust November 2025 daily sales growth of 6.2% year-over-year, outpacing prior periods and reflecting strength in key customer segments. This momentum underscores the industrial distributor's success in capturing market share despite broader manufacturing headwinds.
- November net sales hit $627.5M, up 6.2% YoY, with daily sales growth accelerating to 11.8% year-to-date versus 3.4% in 2024, driven by contract customers expanding 13%.
- Top 100 national accounts showed 71% growing, while in-market locations posted 62.9% growth, highlighting gains from onsite strategies and FMI technology.
- End-market strength shone in heavy manufacturing (13%) and other manufacturing (12.9%), bolstering wallet share with high-value $50K+ sites up 15.4% earlier in the year.
Fastenal's November sales surge 6.2% signals resilient demand amid industrial recovery.
Fastenal reported robust November 2025 daily sales growth of 6.2% year-over-year, outpacing prior periods and reflecting strength in key customer segments. This momentum underscores the industrial distributor's success in capturing market share despite broader manufacturing headwinds.
- November net sales hit $627.5M, up 6.2% YoY, with daily sales growth accelerating to 11.8% year-to-date versus 3.4% in 2024, driven by contract customers expanding 13%.
- Top 100 national accounts showed 71% growing, while in-market locations posted 62.9% growth, highlighting gains from onsite strategies and FMI technology.
- End-market strength shone in heavy manufacturing (13%) and other manufacturing (12.9%), bolstering wallet share with high-value $50K+ sites up 15.4% earlier in the year.
Stock Performance Snapshot
Analyst Rating
Analysts suggest holding Fastenal's stock with a target price of $45.14, indicating limited growth potential.
Financial Health
Fastenal is performing well with strong revenue, cash flow, and profitability metrics.
Dividend
Fastenal's dividend yield of 2.07% offers a moderate return for investors seeking dividends. If you invested $1000, you would be paid $21.00 a year in dividends (based on the last 12 months).
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Explore BasketWhy You’ll Want to Watch This Stock
Service-led model
Recurring on-site services and vending create steady revenue streams, though performance can vary with industrial demand.
Scale advantages
A large branch network and private-label products offer scale benefits and expansion potential, balanced by exposure to macro cycles.
Operational signals
Investors often track same-store sales, margins and inventory turns to gauge health, keeping in mind these metrics can fluctuate.
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