Financials Fastenal Company

Equities

FAST

US3119001044

Industrial Machinery & Equipment

Market Closed - Nasdaq Other stock markets 21:00:00 06/02/2026 GMT			5-day change	1st Jan Change
47.73 ^USD	+0.85%		+10.08%	+18.94%

02-05	Baird Adjusts Fastenal Price Target to $51 From $49, Maintains Outperform Rating	MT
01-23	Thousands brave bitter cold to demand ICE leave Minneapolis	RE

Projected Income Statement: Fastenal Company

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	6,011	6,981	7,347	7,546	8,200	8,992	9,748	10,342
Change	-	16.13%	5.24%	2.71%	8.67%	9.66%	8.41%	6.09%
EBITDA ¹	1,388	1,630	1,706	1,685	1,835	2,038	2,216	2,383
Change	-	17.44%	4.65%	-1.21%	8.87%	11.07%	8.74%	7.54%
EBIT ¹	1,217	1,454	1,529	1,510	1,656	1,853	2,032	2,165
Change	-	19.4%	5.17%	-1.22%	9.65%	11.94%	9.65%	6.54%
Interest Paid ¹	-9.6	-13.6	-6.7	-1.9	-0.7	-3.16	-2.967	-3.5
Earnings before Tax (EBT) ¹	1,208	1,440	1,522	1,508	1,655	1,848	2,016	2,151
Change	-	19.23%	5.69%	-0.91%	9.74%	11.65%	9.13%	6.68%
Net income ¹	925	1,087	1,155	1,151	1,258	1,403	1,533	1,631
Change	-	17.5%	6.27%	-0.38%	9.37%	11.52%	9.24%	6.37%
Announcement Date	19/01/22	19/01/23	18/01/24	17/01/25	20/01/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4
Net sales ¹	1,417	1,508	1,554	1,532	1,704	1,779	1,802	1,696	1,859	1,883	1,846	1,759	1,895	1,916	1,910	1,824	1,959	2,080	2,133	2,027	2,181	2,293	2,314	2,222	2,368	2,470	2,471	2,391
Change	-	6.4%	3.08%	-1.44%	11.25%	4.37%	1.34%	-5.93%	9.64%	1.29%	-1.98%	-4.73%	7.76%	1.11%	-0.31%	-4.49%	7.39%	6.17%	2.55%	-4.96%	7.6%	5.11%	0.94%	-4%	6.58%	4.33%	0.03%	-3.25%
EBITDA ¹	322.3	360.1	361.2	344.5	401.9	427.3	423.3	377.7	435	437.1	431.4	397.1	433.1	430.1	432.5	389.2	438.6	481.2	486.5	428.8	494.7	535.5	527.5	484.5	536.6	572.7	557.4	527.8
Change	-	11.73%	0.31%	-4.62%	16.66%	6.32%	-0.94%	-10.77%	15.17%	0.48%	-1.3%	-7.95%	9.07%	-0.69%	0.56%	-10.01%	12.69%	9.71%	1.1%	-11.86%	15.37%	8.25%	-1.49%	-8.15%	10.74%	6.73%	-2.67%	-5.32%
EBIT ¹	280.3	317.8	318.4	300.9	358	383.4	379.2	333	393.2	394.9	386.7	353.9	390.2	386.9	388.1	344.8	393.9	436.1	441.5	384.3	448.1	488.4	481.5	437.4	488.6	525.8	513.4	477.8
Change	-	13.38%	0.19%	-5.5%	18.98%	7.09%	-1.1%	-12.18%	18.08%	0.43%	-2.08%	-8.48%	10.26%	-0.85%	0.31%	-11.16%	14.24%	10.71%	1.24%	-12.96%	16.61%	8.99%	-1.42%	-9.16%	11.72%	7.6%	-2.37%	-6.93%
Charge d'intérêts ¹	-2.4	-2.6	-2.3	-2.4	-2.3	-2.7	-3.9	-4.8	-3.5	-2.3	-1.3	0.3	-0.4	-0.9	-0.5	-0.5	-0.8	-1.4	-0.9	0.3	-1.2	-1.1	-1.1	-1.1	-1.1	-1.1	-1.1	-1.1
Earnings before Tax (EBT) ¹	277.9	315.2	316.1	298.5	355.7	380.7	375.3	328.2	389.7	392.6	385.4	354.2	389.8	386.4	387.6	344.3	393.1	436.6	440.6	384.6	447.2	487.1	479.7	436.9	488.5	525.6	513	477.6
Change	-	13.42%	0.29%	-5.57%	19.16%	7.03%	-1.42%	-12.55%	18.74%	0.74%	-1.83%	-8.1%	10.05%	-0.87%	0.31%	-11.17%	14.17%	11.07%	0.92%	-12.71%	16.27%	8.92%	-1.5%	-8.94%	11.83%	7.6%	-2.4%	-6.9%
Net income ¹	210.6	239.7	243.5	231.2	269.6	287.1	284.6	245.6	295.1	298	295.5	266.4	297.7	292.7	298.1	262.1	298.7	330.3	335.5	294.1	339.5	369.9	363.7	331.6	370.6	398	386.4	362.6
Change	-	13.82%	1.59%	-5.05%	16.61%	6.49%	-0.87%	-13.7%	20.15%	0.98%	-0.84%	-9.85%	11.75%	-1.68%	1.84%	-12.08%	13.96%	10.58%	1.57%	-12.34%	15.43%	8.96%	-1.68%	-8.83%	11.75%	7.39%	-2.9%	-6.15%
Announcement Date	13/04/21	13/07/21	12/10/21	19/01/22	13/04/22	13/07/22	13/10/22	19/01/23	13/04/23	13/07/23	12/10/23	18/01/24	11/04/24	12/07/24	11/10/24	17/01/25	11/04/25	14/07/25	13/10/25	20/01/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: Fastenal Company

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	154	325	38.7	-55.8	-152	-154	-280	-311
Change	-	111.04%	-88.09%	-244.19%	-172.4%	-1.45%	-81.82%	-11.07%
Announcement Date	19/01/22	19/01/23	18/01/24	17/01/25	20/01/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: Fastenal Company

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	156.6	173.8	172.8	226.5	245.3	303.7	300.7	319.9
Change	-	10.98%	-0.58%	31.08%	8.3%	23.81%	-1%	6.39%
Free Cash Flow (FCF) ¹	613.5	767.2	1,260	946.8	1,051	1,081	1,199	1,294
Change	-	25.05%	64.22%	-24.85%	10.96%	2.89%	10.93%	7.89%
Announcement Date	19/01/22	19/01/23	18/01/24	17/01/25	20/01/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: Fastenal Company

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	23.09%	23.35%	23.22%	22.34%	22.38%	22.67%	22.73%	23.05%
EBIT Margin (%)	20.25%	20.82%	20.81%	20.01%	20.19%	20.61%	20.85%	20.94%
EBT Margin (%)	20.09%	20.63%	20.72%	19.99%	20.18%	20.55%	20.69%	20.8%
Net margin (%)	15.39%	15.57%	15.72%	15.25%	15.35%	15.61%	15.73%	15.77%
FCF margin (%)	10.21%	10.99%	17.15%	12.55%	12.81%	12.02%	12.3%	12.51%
FCF / Net Income (%)	66.32%	70.59%	109.08%	82.29%	83.49%	77.03%	78.22%	79.34%
Profitability
ROA	22.39%	24.57%	25.63%	25.12%	25.81%	26.29%	26.93%	27.4%
ROE	32.03%	35.03%	35.47%	33.04%	33.29%	33.92%	34.82%	34.14%
Financial Health
Leverage (Debt/EBITDA)	0.11x	0.2x	0.02x	-	-	-	-	-
Debt / Free cash flow	0.25x	0.42x	0.03x	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	2.61%	2.49%	2.35%	3%	2.99%	3.38%	3.08%	3.09%
CAPEX / EBITDA (%)	11.28%	10.66%	10.13%	13.44%	13.37%	14.9%	13.57%	13.42%
CAPEX / FCF (%)	25.53%	22.65%	13.72%	23.92%	23.35%	28.1%	25.07%	24.72%
Items per share
Cash flow per share ¹	0.667	0.8174	1.25	1.022	1.127	1.197	1.359	1.42
Change	-	22.55%	52.94%	-18.29%	10.29%	6.27%	13.54%	4.46%
Dividend per Share ¹	0.56	0.62	0.7	0.78	-	0.9374	1.017	1.045
Change	-	10.71%	12.9%	11.43%	-	-	8.45%	2.76%
Book Value Per Share ¹	2.643	2.748	2.927	3.154	3.435	3.71	3.995	4.42
Change	-	3.95%	6.54%	7.74%	8.92%	8%	7.69%	10.64%
EPS ¹	0.8	0.945	1.01	1	1.09	1.223	1.344	1.419
Change	-	18.12%	6.88%	-0.99%	9%	12.24%	9.87%	5.57%
Nbr of stocks (in thousands)	1,150,327	1,145,520	1,143,200	1,145,773	1,148,036	1,148,179	1,148,179	1,148,179
Announcement Date	19/01/22	19/01/23	18/01/24	17/01/25	20/01/26	-	-	-