Fastenal Company
Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, Mexico, and internationally. It offers fasteners, and related industrial and construction supplies under the Fastenal name. The company's fastener products include threaded fasteners, bolts, nuts, screws, studs, and related washers that are … Read more
Fastenal Company (FAST) - Net Assets
Latest net assets as of December 2025: $3.94 Billion USD
Based on the latest financial reports, Fastenal Company (FAST) has net assets worth $3.94 Billion USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.05 Billion) and total liabilities ($1.11 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $3.94 Billion |
| % of Total Assets | 78.05% |
| Annual Growth Rate | 17.03% |
| 5-Year Change | 29.63% |
| 10-Year Change | 104.0% |
| Growth Volatility | 11.43 |
Fastenal Company - Net Assets Trend (1987–2025)
This chart illustrates how Fastenal Company's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fastenal Company (1987–2025)
The table below shows the annual net assets of Fastenal Company from 1987 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $3.94 Billion | +9.05% |
| 2024-12-31 | $3.62 Billion | +7.99% |
| 2023-12-31 | $3.35 Billion | +5.87% |
| 2022-12-31 | $3.16 Billion | +3.98% |
| 2021-12-31 | $3.04 Billion | +11.31% |
| 2020-12-31 | $2.73 Billion | +2.54% |
| 2019-12-31 | $2.67 Billion | +15.76% |
| 2018-12-31 | $2.30 Billion | +9.81% |
| 2017-12-31 | $2.10 Billion | +8.47% |
| 2016-12-31 | $1.93 Billion | +7.32% |
| 2015-12-31 | $1.80 Billion | -5.95% |
| 2014-12-31 | $1.92 Billion | +8.04% |
| 2013-12-31 | $1.77 Billion | +13.61% |
| 2012-12-31 | $1.56 Billion | +6.95% |
| 2011-12-31 | $1.46 Billion | +13.76% |
| 2010-12-31 | $1.28 Billion | +7.70% |
| 2009-12-31 | $1.19 Billion | +4.25% |
| 2008-12-31 | $1.14 Billion | +13.08% |
| 2007-12-31 | $1.01 Billion | +9.55% |
| 2006-12-31 | $922.09 Million | +17.68% |
| 2005-12-31 | $783.55 Million | +14.49% |
| 2004-12-31 | $684.37 Million | +18.66% |
| 2003-12-31 | $576.74 Million | +15.38% |
| 2002-12-31 | $499.87 Million | +17.65% |
| 2001-12-31 | $424.89 Million | +18.27% |
| 2000-12-31 | $359.26 Million | +27.40% |
| 1999-12-31 | $282.00 Million | +29.60% |
| 1998-12-31 | $217.60 Million | +31.16% |
| 1997-12-31 | $165.90 Million | +31.67% |
| 1996-12-31 | $126.00 Million | +33.76% |
| 1995-12-31 | $94.20 Million | +39.35% |
| 1994-12-31 | $67.60 Million | +35.74% |
| 1993-12-31 | $49.80 Million | +29.35% |
| 1992-12-31 | $38.50 Million | +27.48% |
| 1991-12-31 | $30.20 Million | +26.36% |
| 1990-12-31 | $23.90 Million | +36.57% |
| 1989-12-31 | $17.50 Million | +31.58% |
| 1988-12-31 | $13.30 Million | +33.00% |
| 1987-12-31 | $10.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fastenal Company's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 72875.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $3.87 Billion | 98.08% |
| Common Stock | $11.50 Million | 0.29% |
| Other Comprehensive Income | $-51.10 Million | -1.30% |
| Other Components | $115.50 Million | 2.93% |
| Total Equity | $3.94 Billion | 100.00% |
Fastenal Company Competitors by Market Cap
The table below lists competitors of Fastenal Company ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zoetis Inc
NYSE:ZTS
|
$51.61 Billion |
|
Monster Beverage Corp
NASDAQ:MNST
|
$51.72 Billion |
|
Target Corporation
NYSE:TGT
|
$51.96 Billion |
|
Fortinet Inc
NASDAQ:FTNT
|
$52.17 Billion |
|
L3Harris Technologies Inc
NYSE:LHX
|
$51.53 Billion |
|
Compagnie de Saint-Gobain S.A
PINK:CODGF
|
$51.28 Billion |
|
Nu Holdings Ltd
NYSE:NU
|
$51.28 Billion |
|
Apollo Global Management LLC Class A
NYSE:APO
|
$50.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fastenal Company's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,616,300,000 to 3,943,600,000, a change of 327,300,000 (9.1%).
- Net income of 1,258,400,000 contributed positively to equity growth.
- Dividend payments of 1,004,200,000 reduced retained earnings.
- Other comprehensive income increased equity by 40,400,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $1.26 Billion | +31.91% |
| Dividends Paid | $1.00 Billion | -25.46% |
| Other Comprehensive Income | $40.40 Million | +1.02% |
| Other Changes | $32.70 Million | +0.83% |
| Total Change | $- | 9.05% |
Book Value vs Market Value Analysis
This analysis compares Fastenal Company's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 13.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 4087.25x to 13.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1987-12-31 | $0.01 | $45.08 | x |
| 1988-12-31 | $0.01 | $45.08 | x |
| 1989-12-31 | $0.02 | $45.08 | x |
| 1990-12-31 | $0.02 | $45.08 | x |
| 1991-12-31 | $0.03 | $45.08 | x |
| 1992-12-31 | $0.03 | $45.08 | x |
| 1993-12-31 | $0.04 | $45.08 | x |
| 1994-12-31 | $0.06 | $45.08 | x |
| 1995-12-31 | $0.08 | $45.08 | x |
| 1996-12-31 | $0.10 | $45.08 | x |
| 1997-12-31 | $0.14 | $45.08 | x |
| 1998-12-31 | $0.18 | $45.08 | x |
| 1999-12-31 | $0.23 | $45.08 | x |
| 2000-12-31 | $0.30 | $45.08 | x |
| 2001-12-31 | $0.35 | $45.08 | x |
| 2002-12-31 | $0.41 | $45.08 | x |
| 2003-12-31 | $0.47 | $45.08 | x |
| 2004-12-31 | $0.56 | $45.08 | x |
| 2005-12-31 | $0.65 | $45.08 | x |
| 2006-12-31 | $0.76 | $45.08 | x |
| 2007-12-31 | $0.84 | $45.08 | x |
| 2008-12-31 | $0.96 | $45.08 | x |
| 2009-12-31 | $1.00 | $45.08 | x |
| 2010-12-31 | $1.09 | $45.08 | x |
| 2011-12-31 | $1.23 | $45.08 | x |
| 2012-12-31 | $1.31 | $45.08 | x |
| 2013-12-31 | $1.49 | $45.08 | x |
| 2014-12-31 | $1.61 | $45.08 | x |
| 2015-12-31 | $1.54 | $45.08 | x |
| 2016-12-31 | $1.67 | $45.08 | x |
| 2017-12-31 | $1.82 | $45.08 | x |
| 2018-12-31 | $2.00 | $45.08 | x |
| 2019-12-31 | $2.32 | $45.08 | x |
| 2020-12-31 | $2.37 | $45.08 | x |
| 2021-12-31 | $2.64 | $45.08 | x |
| 2022-12-31 | $2.75 | $45.08 | x |
| 2023-12-31 | $2.92 | $45.08 | x |
| 2024-12-31 | $3.15 | $45.08 | x |
| 2025-12-31 | $3.43 | $45.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fastenal Company utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 31.91%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.35%
- • Asset Turnover: 1.62x
- • Equity Multiplier: 1.28x
- Recent ROE (31.91%) is above the historical average (24.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1987 | 17.00% | 8.37% | 1.65x | 1.23x | $700.00K |
| 1988 | 24.06% | 10.53% | 1.84x | 1.24x | $1.87 Million |
| 1989 | 24.57% | 10.44% | 1.92x | 1.23x | $2.55 Million |
| 1990 | 26.36% | 12.05% | 1.87x | 1.17x | $3.91 Million |
| 1991 | 21.85% | 10.59% | 1.83x | 1.13x | $3.58 Million |
| 1992 | 22.86% | 10.82% | 1.85x | 1.14x | $4.95 Million |
| 1993 | 23.90% | 10.79% | 1.92x | 1.15x | $6.92 Million |
| 1994 | 27.66% | 11.55% | 1.98x | 1.21x | $11.94 Million |
| 1995 | 29.09% | 12.31% | 2.04x | 1.16x | $17.98 Million |
| 1996 | 25.79% | 11.30% | 1.90x | 1.20x | $19.90 Million |
| 1997 | 24.59% | 10.25% | 1.94x | 1.24x | $24.21 Million |
| 1998 | 24.36% | 10.53% | 2.00x | 1.15x | $31.24 Million |
| 1999 | 23.23% | 10.75% | 1.91x | 1.13x | $37.30 Million |
| 2000 | 22.47% | 10.83% | 1.85x | 1.12x | $44.80 Million |
| 2001 | 16.50% | 8.57% | 1.72x | 1.12x | $27.62 Million |
| 2002 | 15.11% | 8.34% | 1.62x | 1.12x | $25.55 Million |
| 2003 | 14.59% | 8.45% | 1.53x | 1.13x | $26.45 Million |
| 2004 | 19.14% | 10.58% | 1.61x | 1.13x | $62.55 Million |
| 2005 | 21.29% | 10.95% | 1.71x | 1.14x | $88.46 Million |
| 2006 | 21.59% | 11.00% | 1.74x | 1.13x | $106.83 Million |
| 2007 | 23.03% | 11.28% | 1.77x | 1.15x | $131.61 Million |
| 2008 | 24.49% | 11.95% | 1.79x | 1.14x | $165.48 Million |
| 2009 | 15.48% | 9.55% | 1.45x | 1.11x | $65.27 Million |
| 2010 | 20.69% | 11.69% | 1.55x | 1.14x | $137.10 Million |
| 2011 | 24.53% | 12.94% | 1.64x | 1.15x | $212.03 Million |
| 2012 | 26.95% | 13.42% | 1.73x | 1.16x | $264.50 Million |
| 2013 | 25.31% | 13.49% | 1.60x | 1.17x | $271.37 Million |
| 2014 | 25.80% | 13.24% | 1.58x | 1.23x | $302.63 Million |
| 2015 | 28.67% | 13.35% | 1.53x | 1.41x | $336.27 Million |
| 2016 | 25.83% | 12.60% | 1.48x | 1.38x | $306.09 Million |
| 2017 | 27.59% | 13.18% | 1.51x | 1.39x | $368.91 Million |
| 2018 | 32.65% | 15.14% | 1.49x | 1.44x | $521.63 Million |
| 2019 | 29.67% | 14.83% | 1.40x | 1.43x | $524.34 Million |
| 2020 | 31.43% | 15.21% | 1.42x | 1.45x | $585.78 Million |
| 2021 | 30.41% | 15.39% | 1.40x | 1.41x | $620.78 Million |
| 2022 | 34.36% | 15.57% | 1.53x | 1.44x | $770.58 Million |
| 2023 | 34.49% | 15.72% | 1.65x | 1.33x | $820.12 Million |
| 2024 | 31.82% | 15.25% | 1.61x | 1.30x | $788.97 Million |
| 2025 | 31.91% | 15.35% | 1.62x | 1.28x | $864.04 Million |
Industry Comparison
This section compares Fastenal Company's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $916,275,000
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fastenal Company (FAST) | $3.94 Billion | 17.00% | 0.28x | $51.61 Billion |
| Addtech AB (publ.) (ADDHY) | $3.08 Billion | 28.02% | 1.77x | $4.34 Billion |
| Andritz AG (ADRZF) | $1.33 Billion | 19.84% | 3.73x | $4.12 Billion |
| Applied Industrial Technologies (AIT) | $932.55 Million | 15.52% | 1.44x | $9.54 Billion |
| Beacon Roofing Supply Inc (BECN) | $26.57 Million | -1.42% | 8.92x | $7.71 Billion |
| BlueLinx Holdings Inc (BXC) | $141.49 Million | 18.31% | 7.04x | $317.68 Million |
| CD International Enterprises Inc (CDIIQ) | $64.33 Million | 0.00% | 0.25x | $7.73K |
| Core & Main Inc (CNM) | $801.00 Million | 4.62% | 3.90x | $8.99 Billion |
| Doman Building Materials Group Ltd (CWXZF) | $497.71 Million | 21.40% | 2.09x | $403.14 Million |
| Now Inc (DNOW) | $1.40 Billion | -35.78% | 0.31x | $1.21 Billion |
| Diploma PLC (DPMAY) | $894.70 Million | 14.45% | 0.98x | $10.23 Billion |