Fastenal

FAST Q4 2025 Earnings

Reported Jan 20, 2026 at 8:17 AM ET · SEC Source

Q4 25 EPS

$0.26

BEAT +0.23%

Est. $0.26

Q4 25 Revenue

$2.03B

MISS 0.05%

Est. $2.03B

vs S&P Since Q4 25

+1.1%

BEATING MARKET

FAST +6.2% vs S&P +5.1%

Full Year 2025 Results

FY 25 EPS

$1.09

MISS 0.78%

Est. $1.10

FY 25 Revenue

$8.20B

MISS 0.01%

Est. $8.20B

Market Reaction

Did FAST Beat Earnings? Q4 2025 Results

Fastenal delivered a largely in-line quarter to close out fiscal 2025, with earnings per share of $0.26 nudging past the $0.26 consensus by 0.23% while revenue of $2.03 billion came in essentially flat against estimates, missing by just 0.05%, yet st… Read more Fastenal delivered a largely in-line quarter to close out fiscal 2025, with earnings per share of $0.26 nudging past the $0.26 consensus by 0.23% while revenue of $2.03 billion came in essentially flat against estimates, missing by just 0.05%, yet still posted a healthy 11.1% year-over-year gain. The top-line momentum was powered primarily by accelerating contract customer signings that took root in early 2024, with contract sales growing 12.9% on a daily rate basis compared to just 5.7% in the prior year period, even as management acknowledged a sluggish industrial production backdrop that raises questions about the broader manufacturing outlook. Gross margin compressed 50 basis points to 44.3%, pressured by inventory cost timing and supplier rebate headwinds, though improved SG&A leverage helped operating margin edge up to 19.0%. Looking ahead, Fastenal raised its 2026 device signing target to 28,000-30,000 MEUs and guided capital expenditure to $310-$330 million, a sharp increase from $230.6 million in 2025, reflecting hub facility replacement and trucking investments.

Key Takeaways

  • Improved customer contract signings since Q1 2024 driving incremental sales
  • Contract customer sales DSR growth of 12.9% versus 5.7% in prior year
  • Manufacturing end markets outperformed due to strength with key account customers with significant managed spend
  • Product pricing contributed 310-340 basis points to net sales growth
  • Direct products outpaced indirect products due to fastener expansion project
  • Growth in customer sites spending $10k+ per month
  • Non-residential construction end market experienced growth for third time in thirteen consecutive quarters
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FAST YoY Financials

Q4 2025 vs Q4 2024, source: SEC Filings

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FAST Revenue by Segment

With YoY comparisons, source: SEC Filings

Q1 25 Q4 25