Fastenal (FAST)
NASDAQIndustrialsIndustrial DistributionSnapshot 2026-07-07
$47.11-2.48%
Close 2026-07-07 · 1-day change
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Track FAST free→Intact: The reason to own it still holds.
Fastenal grows sales about 12% yearly by winning key accounts. Profit margins stay stable. The company invests more in its business with rising capital spending. It has a strong local sales model with 3,200 locations.
Fastenal trades at a high price with a PE of 41. Sales growth could slow below 7%. Rising costs or weaker demand could hurt profits.
The price is about 32% above our fair value near $36. Analysts expect 11.5% revenue growth, which matches our view.
Breaks if: CAPEX falls below $235 million in FY26
Breaks if: Profit margins decline enough to cause EPS below consensus
YoY revenue growth falls below 7% next year
Standing thesis, reviewed periodically — not a price target or advice.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Focus on improving sales effectiveness by securing key account wins and expanding customer contracts.
Stated in 3 of last 3 quarters. Net sales increased $242.2 million, or 12.4%, in the first quarter of 2026, reflecting improved customer contract signings. The trajectory shows delivering on sales effectiveness through key account wins.
“Continued progress on strategic initiatives, including increased sales effectiveness through key account wins.”
“Sales performance reflects the contribution from improved customer contract signings.”
“Focus on key account wins to drive sales growth.”