Skip to Content

Fastenal Co FAST Stock Quote

| Rating as of

NASDAQ:FAST

Morningstar‘s Stock Analysis FAST

Valuation
Currency in USD
Is it the right time to buy or sell?
Is it the right time to buy or sell?

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

We're Expecting a Softer 2023 for Wide-Moat-Rated Fastenal

Dawit Woldemariam Equity Analyst

Business Strategy and Outlook

| Dawit Woldemariam |

Since opening its first fasteners store in 1967, Fastenal has built one of the largest industrial distribution businesses in the United States. For many years, Fastenal’s growth story was driven by its branch count, which now stands just under 1,800. While this expansive footprint is still an important component of Fastenal’s business model, other strategies--including expanding its product portfolio, its vending and inventory management services, and, most recently, its on-site program--have become increasingly important growth drivers.

Unlock Our Full Analysis With Morningstar Investor

Key Statistics FAST

Company Profile FAST

Business Description

Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, Fastenal has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,760 branches, over 1,400 on-site locations, and 14 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply-chain solutions, such as vending and vendor-managed inventory.

Contact
2001 Theurer Boulevard
Winona, MN, 55987-1500
T +1 507 454-5374
Industry Industrial Distribution
Most Recent Earnings Sep 30, 2022
Fiscal Year End Dec 31, 2022
Employees 22,025

Related News FAST