What is the primary revenue source for Fastenal (FAST)?

According to the latest financial reports, the company's revenue is driven by its core business segments and operational services. You can explore the exact breakdown and proportions of each revenue stream using the interactive charts on this page.

How can I visualize and analyze FAST's financial statements?

gkcal provides interactive Sankey diagrams and profit waterfall charts that map out Fastenal's total revenue, cost of goods sold, operating expenses, and net income, making it easy to understand their business model and cash flow at a glance.

How Fastenal Makes Money: FAST Revenue Breakdown (2026)

Operations

Where did the money come from, and where was it spent?

Steady

Revenue and operating profit grew together, indicating healthy core operations.

The largest revenue segment accounts for 82.51% of revenue, indicating concentration.

Revenue: USD 4.59B
Largest revenue segment share (Reportable Segment, Aggregation before Other Operating): 82.51%
Cost of revenue: USD 2.54B
Selling, general and administrative: USD 1.10B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Largest revenue segment share (Reportable Segment, Aggregation before Other Operating)Reportable Segment, Aggregation before Other Operating · segment_value / revenue * 100
RevenueNet sales · RevenueFromContractWithCustomerExcludingAssessedTax
Cost of revenueCost of sales · CostOfGoodsAndServicesSold
Selling, general and administrativeSelling, general, and administrative expenses · SellingGeneralAndAdministrativeExpense

Assets

Where is the money tied up, and how is the company financed?

Steady

The company has a net cash position and relies primarily on its own capital.

Inventory: USD 1.74B
Accounts receivable: USD 1.56B
Property, plant and equipment: USD 1.16B
Shareholder equity: USD 4.07B

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Shareholder equityTotal stockholders' equity · StockholdersEquity
InventoryInventories · InventoryNet
Accounts receivableTrade accounts receivable, net of allowance for credit losses of $6.8 and $5.3, respectively · AccountsReceivableNetCurrent
Property, plant and equipmentProperty and equipment, net · PropertyPlantAndEquipmentNet

Some conclusions lack complete source metrics and should be interpreted cautiously.

Cash

Did accounting profit ultimately turn into cash?

Steady

Operating cash flow covers accounting profit, showing good cash conversion.

Operating cash flow equals 89.16% of net income.

Free cash flow remains positive after capital expenditure.

Net income: USD 722.60M
Operating cash flow: USD 644.30M
Cash conversion: 89.16%
Free cash flow: USD 521.30M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Net incomeNet income · NetIncomeLoss
Free cash flowcfo - capex
Cash conversionoperating_cash_flow / net_income * 100
Operating cash flowsum(waterfull.operating)

Shareholders

Did the money earned actually make its way back to shareholders?

Watch

Dividends and net buybacks exceed free cash flow, raising questions about sustainability.

Cash dividends: USD 550.90M
Share repurchases: USD 50.30M
Stock issuance proceeds: USD 10.40M
Net shareholder return: USD 590.80M

View calculation evidence

YoY periods: H1 2026 compared with H1 2025

Source metrics

Cash dividendsPayments of dividends · PaymentsOfDividends · abs(node_value)
Net shareholder returndividends_paid + share_repurchases - stock_issuance_proceeds
Share repurchasesPayments for repurchase of common stock · PaymentsForRepurchaseOfCommonStock · abs(node_value)
Stock issuance proceedsProceeds from exercise of stock options · ProceedsFromStockOptionsExercised · abs(node_value)

Diluted share count is missing, so dilution cannot be assessed against buybacks.

Financial Insights

Please select a report to view

Where did the money come from, and where was it spent?

Where is the money tied up, and how is the company financed?

Did accounting profit ultimately turn into cash?

Did the money earned actually make its way back to shareholders?