Fastenal (FAST)
Market Price (10/22/2026): $52.5 | Market Cap: $60.2 BilInvestor Relations Sector: Industrials | Industry: Trading Companies & Distributors
Fastenal (FAST)
Market Price (10/22/2026): $52.5Market Cap: $60.2 BilSector: IndustrialsIndustry: Trading Companies & Distributors
Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.
Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% Low stock price volatilityVol 12M is 24% Megatrend and thematic driversMegatrends include Automation & Robotics, E-commerce & DTC Adoption, and Sustainable Resource Management. Themes include Process / Warehouse Automation, Show more. | Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% | Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 42x Key risksFAST key risks include [1] intense competitive pricing pressure from industrial rivals and Amazon Business, Show more. |
| Attractive operating marginsOp Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is 21% |
| Attractive cash flow generationCFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 16%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 13% |
| Low stock price volatilityVol 12M is 24% |
| Megatrend and thematic driversMegatrends include Automation & Robotics, E-commerce & DTC Adoption, and Sustainable Resource Management. Themes include Process / Warehouse Automation, Show more. |
| Trading close to highsDist 52W High is 0.0%, Dist 3Y High is 0.0% |
| Expensive valuation multiplesP/CFOPrice/(Cash Flow from Operations). CFO is cash before capital expenditures. is 42x |
| Key risksFAST key risks include [1] intense competitive pricing pressure from industrial rivals and Amazon Business, Show more. |
Qualitative Assessment
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Updated on 10/14/2026
Fastenal (FAST) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Fastenal reported strong financial results for fiscal Q3 2026 (ended September 30, 2026), exceeding analyst expectations for both earnings and revenue. The company posted diluted earnings per share (EPS) of $0.35, surpassing the consensus estimate of $0.34 and representing a 19.8% increase compared to fiscal Q3 2025. Net sales climbed 15.5% year-over-year to $2.46 billion, exceeding analyst projections of $2.44 billion. Additionally, operating income grew 20.2% to $530.8 million, marking the largest year-over-year increase in a single quarter in Fastenal's history.
2. The company experienced robust sales growth, primarily driven by strong manufacturing demand and successful strategic initiatives. Fastenal's net sales increase of 15.5% was fueled by broad-based industrial momentum, new customer contract wins, and effective pricing actions. Daily sales growth accelerated to 15.5%, up from 14.7% in the prior quarter. Notably, contract customers accounted for 76.5% of revenue, an increase from 73.8% a year earlier, with daily sales from this segment rising 18.8%. The company's digital footprint sales also grew significantly, up 16.1% to $1.54 billion, representing 61.4% of total revenue.
Show more
Fastenal (FAST) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Fastenal reported strong financial results for fiscal Q3 2026 (ended September 30, 2026), exceeding analyst expectations for both earnings and revenue. The company posted diluted earnings per share (EPS) of $0.35, surpassing the consensus estimate of $0.34 and representing a 19.8% increase compared to fiscal Q3 2025. Net sales climbed 15.5% year-over-year to $2.46 billion, exceeding analyst projections of $2.44 billion. Additionally, operating income grew 20.2% to $530.8 million, marking the largest year-over-year increase in a single quarter in Fastenal's history.
2. The company experienced robust sales growth, primarily driven by strong manufacturing demand and successful strategic initiatives. Fastenal's net sales increase of 15.5% was fueled by broad-based industrial momentum, new customer contract wins, and effective pricing actions. Daily sales growth accelerated to 15.5%, up from 14.7% in the prior quarter. Notably, contract customers accounted for 76.5% of revenue, an increase from 73.8% a year earlier, with daily sales from this segment rising 18.8%. The company's digital footprint sales also grew significantly, up 16.1% to $1.54 billion, representing 61.4% of total revenue.
Show more
Updated on 10/14/2026
Fastenal (FAST) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Fastenal reported strong financial results for fiscal Q3 2026 (ended September 30, 2026), exceeding analyst expectations for both earnings and revenue. The company posted diluted earnings per share (EPS) of $0.35, surpassing the consensus estimate of $0.34 and representing a 19.8% increase compared to fiscal Q3 2025. Net sales climbed 15.5% year-over-year to $2.46 billion, exceeding analyst projections of $2.44 billion. Additionally, operating income grew 20.2% to $530.8 million, marking the largest year-over-year increase in a single quarter in Fastenal's history.
2. The company experienced robust sales growth, primarily driven by strong manufacturing demand and successful strategic initiatives. Fastenal's net sales increase of 15.5% was fueled by broad-based industrial momentum, new customer contract wins, and effective pricing actions. Daily sales growth accelerated to 15.5%, up from 14.7% in the prior quarter. Notably, contract customers accounted for 76.5% of revenue, an increase from 73.8% a year earlier, with daily sales from this segment rising 18.8%. The company's digital footprint sales also grew significantly, up 16.1% to $1.54 billion, representing 61.4% of total revenue.
3. Operating margin expanded due to disciplined expense management and increased efficiency. Fastenal's operating margin improved by 90 basis points year-over-year to 21.5% in fiscal Q3 2026. This expansion was largely attributed to strong selling, general, and administrative (SG&A) expense leverage, which more than offset a modest decline in gross margin. The company's return on invested capital also saw a notable increase of 230 basis points, reaching 32.5%.
4. Consistent shareholder returns contributed to positive investor sentiment. Fastenal continued to return significant capital to its shareholders. In fiscal Q3 2026, the company distributed $328 million through dividends ($298.2 million) and share repurchases ($30.2 million), representing 82% of its net income.
Show less
Fastenal (FAST) stock has gained about 10% since 6/30/2026 because of the following key factors:
1. Fastenal reported strong financial results for fiscal Q3 2026 (ended September 30, 2026), exceeding analyst expectations for both earnings and revenue. The company posted diluted earnings per share (EPS) of $0.35, surpassing the consensus estimate of $0.34 and representing a 19.8% increase compared to fiscal Q3 2025. Net sales climbed 15.5% year-over-year to $2.46 billion, exceeding analyst projections of $2.44 billion. Additionally, operating income grew 20.2% to $530.8 million, marking the largest year-over-year increase in a single quarter in Fastenal's history.
2. The company experienced robust sales growth, primarily driven by strong manufacturing demand and successful strategic initiatives. Fastenal's net sales increase of 15.5% was fueled by broad-based industrial momentum, new customer contract wins, and effective pricing actions. Daily sales growth accelerated to 15.5%, up from 14.7% in the prior quarter. Notably, contract customers accounted for 76.5% of revenue, an increase from 73.8% a year earlier, with daily sales from this segment rising 18.8%. The company's digital footprint sales also grew significantly, up 16.1% to $1.54 billion, representing 61.4% of total revenue.
3. Operating margin expanded due to disciplined expense management and increased efficiency. Fastenal's operating margin improved by 90 basis points year-over-year to 21.5% in fiscal Q3 2026. This expansion was largely attributed to strong selling, general, and administrative (SG&A) expense leverage, which more than offset a modest decline in gross margin. The company's return on invested capital also saw a notable increase of 230 basis points, reaching 32.5%.
4. Consistent shareholder returns contributed to positive investor sentiment. Fastenal continued to return significant capital to its shareholders. In fiscal Q3 2026, the company distributed $328 million through dividends ($298.2 million) and share repurchases ($30.2 million), representing 82% of its net income.
Show less
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Stock Movement Drivers
Fundamental Drivers
The 9.9% change in FAST stock from 6/30/2026 to 10/21/2026 was primarily driven by a 7.5% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 6302026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 47.77 | 52.49 | 9.9% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,443 | 9,079 | 7.5% |
| Net Income Margin (%) | 15.4% | 15.6% | 1.5% |
| P/E Multiple | 42.2 | 42.5 | 0.6% |
| Shares Outstanding (Mil) | 1,148 | 1,147 | 0.1% |
| Cumulative Contribution | 9.9% |
Market Drivers
6/30/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| FAST | 9.9% | |
| Market (SPY) | 3.5% | 12.7% |
| Sector (XLI) | -9.1% | 42.6% |
Fundamental Drivers
The 14.4% change in FAST stock from 3/31/2026 to 10/21/2026 was primarily driven by a 10.7% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 3312026 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 45.90 | 52.49 | 14.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 8,200 | 9,079 | 10.7% |
| Net Income Margin (%) | 15.3% | 15.6% | 1.8% |
| P/E Multiple | 41.9 | 42.5 | 1.4% |
| Shares Outstanding (Mil) | 1,148 | 1,147 | 0.1% |
| Cumulative Contribution | 14.4% |
Market Drivers
3/31/2026 to 10/21/2026| Return | Correlation | |
|---|---|---|
| FAST | 14.4% | |
| Market (SPY) | 19.2% | 17.4% |
| Sector (XLI) | 4.3% | 43.8% |
Fundamental Drivers
The 9.4% change in FAST stock from 9/30/2025 to 10/21/2026 was primarily driven by a 16.8% change in the company's Total Revenues ($ Mil).| (LTM values as of) | 9302025 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 48.00 | 52.49 | 9.4% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,774 | 9,079 | 16.8% |
| Net Income Margin (%) | 15.3% | 15.6% | 2.1% |
| P/E Multiple | 46.3 | 42.5 | -8.3% |
| Shares Outstanding (Mil) | 1,148 | 1,147 | 0.0% |
| Cumulative Contribution | 9.4% |
Market Drivers
9/30/2025 to 10/21/2026| Return | Correlation | |
|---|---|---|
| FAST | 9.4% | |
| Market (SPY) | 17.0% | 24.0% |
| Sector (XLI) | 10.1% | 47.8% |
Fundamental Drivers
The 106.5% change in FAST stock from 9/30/2023 to 10/21/2026 was primarily driven by a 64.2% change in the company's P/E Multiple.| (LTM values as of) | 9302023 | 10212026 | Change |
|---|---|---|---|
| Stock Price ($) | 25.42 | 52.49 | 106.5% |
| Change Contribution By: | |||
| Total Revenues ($ Mil) | 7,240 | 9,079 | 25.4% |
| Net Income Margin (%) | 15.5% | 15.6% | 0.7% |
| P/E Multiple | 25.9 | 42.5 | 64.2% |
| Shares Outstanding (Mil) | 1,142 | 1,147 | -0.4% |
| Cumulative Contribution | 106.5% |
Market Drivers
9/30/2023 to 10/21/2026| Return | Correlation | |
|---|---|---|
| FAST | 106.5% | |
| Market (SPY) | 87.1% | 40.0% |
| Sector (XLI) | 72.6% | 54.6% |
Price Returns Compared
| 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | Total [1] | |
|---|---|---|---|---|---|---|---|
| Returns | |||||||
| FAST Return | 34% | -24% | 41% | 14% | 14% | 31% | 143% |
| Peers Return | 35% | 11% | 28% | 7% | 13% | 33% | 211% |
| S&P 500 Return | 27% | -19% | 24% | 23% | 16% | 12% | 104% |
Monthly Win Rates [3] | |||||||
| FAST Win Rate | 75% | 33% | 75% | 58% | 67% | 70% | |
| Peers Win Rate | 62% | 48% | 55% | 57% | 52% | 62% | |
| S&P 500 Win Rate | 75% | 42% | 67% | 75% | 67% | 50% | |
Max Drawdowns [4] | |||||||
| FAST Max Drawdown | -14% | -30% | -8% | -20% | -22% | -12% | |
| Peers Max Drawdown | -17% | -20% | -21% | -24% | -22% | -19% | |
| S&P 500 Max Drawdown | -5% | -25% | -10% | -8% | -19% | -9% | |
[1] Cumulative total returns since the beginning of 2021
[2] Peers: GWW, MSM, WCC, AIT, GPC. See FAST Returns vs. Peers.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 10/21/2026 (YTD)
How Low Can It Go
| Event | FAST | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.0% | -24.5% |
| % Gain to Breakeven | 38.8% | 32.4% |
| Time to Breakeven | 363 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -26.4% | -33.7% |
| % Gain to Breakeven | 35.9% | 50.9% |
| Time to Breakeven | 45 days | 140 days |
| Q4 2018 Fed Policy Error / Growth Scare | ||
| % Loss | -15.6% | -19.2% |
| % Gain to Breakeven | 18.4% | 23.8% |
| Time to Breakeven | 33 days | 105 days |
| 2015-2016 China Devaluation / Global Growth Scare | ||
| % Loss | -12.0% | -12.2% |
| % Gain to Breakeven | 13.7% | 13.9% |
| Time to Breakeven | 32 days | 62 days |
| 2014-2016 Oil Price Collapse | ||
| % Loss | -19.6% | -6.8% |
| % Gain to Breakeven | 24.3% | 7.3% |
| Time to Breakeven | 126 days | 15 days |
| 2011 US Debt Ceiling Crisis & European Contagion | ||
| % Loss | -14.0% | -17.9% |
| % Gain to Breakeven | 16.2% | 21.8% |
| Time to Breakeven | 36 days | 123 days |
In The Past
Fastenal's stock fell -5.8% during the 2025 US Tariff Shock. Such a loss loss requires a 6.1% gain to breakeven.
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Asset Allocation
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| Event | FAST | S&P 500 |
|---|---|---|
| 2022 Inflation Shock & Fed Tightening | ||
| % Loss | -28.0% | -24.5% |
| % Gain to Breakeven | 38.8% | 32.4% |
| Time to Breakeven | 363 days | 427 days |
| 2020 COVID-19 Crash | ||
| % Loss | -26.4% | -33.7% |
| % Gain to Breakeven | 35.9% | 50.9% |
| Time to Breakeven | 45 days | 140 days |
| 2008-2009 Global Financial Crisis | ||
| % Loss | -36.3% | -53.4% |
| % Gain to Breakeven | 57.1% | 114.4% |
| Time to Breakeven | 287 days | 1085 days |
In The Past
Fastenal's stock fell -5.8% during the 2025 US Tariff Shock. Such a loss loss requires a 6.1% gain to breakeven.
Preserve Wealth
Limiting losses and compounding gains is essential to preserving wealth.
Asset Allocation
Actively managed asset allocation strategies protect wealth. Learn more.
About Fastenal (FAST)
Fastenal Company is a leading wholesale distributor of industrial and construction supplies, operating extensively across the United States, Canada, Mexico, and internationally. The company serves as a crucial supplier for a wide array of businesses and organizations, supported by a vast network of over 3,200 in-market locations and 15 distribution centers.
The core of Fastenal's product offering centers around fasteners, including threaded fasteners, bolts, nuts, screws, studs, and related washers, which are indispensable for manufacturing processes, construction projects, and the maintenance and repair of machinery. Beyond fasteners, the company also distributes a broad range of miscellaneous industrial hardware and supplies, such as pins, concrete anchors, metal framing systems, wire ropes, and rivets.
Fastenal caters to a diverse customer base, primarily serving the manufacturing market—including original equipment manufacturers (OEMs) and maintenance, repair, and operations (MRO) clients—as well as the non-residential construction market, supplying general, electrical, plumbing, and road contractors. Additionally, its clientele extends to sectors like agriculture, transportation, mining, education, retail, the oil and gas industry, and various governmental entities.
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- The Home Depot for industrial businesses and contractors.
- Like Sysco, but for nuts, bolts, and industrial supplies.
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- Fasteners: These include threaded fasteners, bolts, nuts, screws, studs, and washers used in manufactured products, construction, and machine maintenance.
- Miscellaneous Industrial and Construction Supplies: This category encompasses various hardware such as pins, machinery keys, concrete anchors, metal framing systems, wire ropes, strut products, and rivets.
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Fastenal Company (FAST) primarily sells to other companies and organizations rather than individuals. Based on the provided background information, specific names of customer companies are not disclosed; instead, the company describes its customer base by market segment and type of entity. Its major customers fall into the following categories:
- Manufacturing Market: This includes Original Equipment Manufacturers (OEMs) and businesses engaged in Maintenance, Repair, and Operations (MRO).
- Non-Residential Construction Market: This segment comprises various types of contractors, such as general, electrical, plumbing, sheet metal, and road contractors.
- Diverse Industrial, Commercial, and Governmental Entities: This broad category encompasses a wide array of customers including farmers, truckers, railroads, mining companies, schools, retail trades, oil exploration, production, and refinement companies, as well as federal, state, and local governmental entities.
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Daniel L. Florness, Chief Executive Officer
Daniel L. Florness has served as Fastenal's chief executive officer since August 2024, and prior to that was president and chief executive officer from January 2016 to July 2024. He joined Fastenal in 1996, initially serving as chief financial officer from June 1996 to December 2002, and then as executive vice president and chief financial officer from December 2002 to December 2015. During his tenure as CFO, his responsibilities expanded to include leadership in product development and procurement, a segment of the manufacturing division, and national accounts. Before joining Fastenal, Mr. Florness spent 10 years in public accounting with KPMG. He also holds board positions as a director of H.B. Fuller, a publicly-held company in the global adhesives market, and as a trustee of Bellin Gundersen Health System, Inc.
Max Tunnicliff, Chief Financial Officer and Senior Executive Vice President
Max Tunnicliff was appointed Chief Financial Officer and Senior Executive Vice President of Fastenal, effective November 10, 2025. In this role, he is responsible for leading the company's finance, accounting, internal audit, and legal functions, as well as establishing strategic priorities, overseeing capital allocation, and driving financial performance. Prior to joining Fastenal, Mr. Tunnicliff served as the chief financial officer of Beko Europe. He also held several senior finance leadership roles at Whirlpool Corporation, including head of internal audit and vice president of strategy, and chief financial officer of the Asia Pacific region.
Jeffery M. Watts, President and Chief Sales Officer
Jeffery M. Watts has served as Fastenal's President and Chief Sales Officer since August 2024. He is slated to succeed Daniel L. Florness as the company's chief executive officer in July 2026. Mr. Watts began his career at Fastenal in 1996 and has progressed through various sales leadership roles within the company. His past positions include Chief Sales Officer (May 2023 to July 2024), Executive Vice President of International Sales (December 2016 to April 2023), and Vice President of International Sales (March 2015 to December 2016).
Sheryl A. Lisowski, Executive Vice President, Chief Accounting Officer and Treasurer
Sheryl A. Lisowski has been Fastenal's Executive Vice President, Chief Accounting Officer, and Treasurer since November 2025. Before this role, she served as Executive Vice President, interim Chief Financial Officer, Chief Accounting Officer, and Treasurer from April 2025 to November 2025. From December 2020 to April 2025, Ms. Lisowski held the position of Vice President and Chief Accounting Officer.
William J. Drazkowski, Senior Executive Vice President – Sales
William J. Drazkowski has served as Fastenal's Senior Executive Vice President – Sales since January 2026. Prior to this, he was the Executive Vice President – Sales from July 2023 to December 2025. In his current role, he oversees the professional sales teams responsible for growing and maintaining Fastenal's extensive contract portfolio, which accounts for approximately 75% of the company's total business. Mr. Drazkowski has been identified as a "Blue Team member since 1995," indicating a long tenure with Fastenal.
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The key risks to Fastenal's business are:
1. Cyclical Industrial Demand
Fastenal's performance is intrinsically linked to the health of the manufacturing and construction sectors. A significant risk to the business is the cyclicality of industrial demand and a softening industrial economy, which directly impacts sales expansion, growth rates, and overall customer sentiment. Sluggishness in underlying business activity, particularly within industrial manufacturing and construction, poses a significant challenge to the company's sales growth.2. Intensified Competition and Price Transparency
Fastenal operates in a highly competitive and fragmented U.S. MRO distribution market. The company faces intensified competition from broad distributors, specialist fastener makers, and integrated supply providers, including major players like W.W. Grainger, MSC Industrial, and Amazon Business. These competitors are investing heavily in digital capabilities, which increases price transparency, lowers switching costs for buyers, and puts pressure on Fastenal's pricing power and bid frequency for large integrated programs.3. Margin Pressure and Cost Inflation
Fastenal faces ongoing challenges related to margin pressure and cost inflation. These pressures can stem from several factors, including a shift towards lower-margin large contracts and non-fastener products, higher transportation costs, and rising onsite labor costs at customer facilities. Additionally, trade policy uncertainties and potential tariffs on imported goods, particularly from regions like China, could impact costs and supply chain dynamics, potentially leading to gross margin contraction if these costs cannot be fully passed on to customers.AI Analysis | Feedback
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Fastenal (symbol: FAST) operates within several substantial addressable markets for its main products and services. The company's primary offerings include fasteners, industrial and construction supplies, and maintenance, repair, and operations (MRO) services.
The estimated addressable markets for Fastenal's main products and services are as follows:
* Industrial Fasteners:
- Globally, the industrial fasteners market was estimated at USD 124.2 billion in 2024 and is projected to reach USD 173.8 billion by 2034.
- In North America, the industrial fasteners market was valued at approximately USD 27.78 billion in 2024 and is anticipated to grow to about USD 41.81 billion by 2032.
- Specifically, the U.S. industrial fasteners market is projected to be valued at USD 26.5 billion in 2025, expanding to USD 40.7 billion by 2034.
- The North America MRO distribution market size was estimated at USD 161.70 billion in 2024. Another source notes the U.S. MRO distribution market is estimated between USD 150 billion and USD 175 billion. Fastenal's management also estimates their core North American market for MRO at over USD 140 billion.
- Within the broader North America MRO market, the size was valued at USD 25.77 billion in 2024 and is expected to reach USD 35.23 billion by 2033.
- The North America construction materials market size was approximately USD 568.62 billion in 2024 and is projected to reach around USD 722.07 billion by 2031.
- Globally, the building and construction materials market was valued at USD 1.41 trillion in 2025 and is expected to reach USD 2 trillion by 2034.
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Fastenal (FAST) is expected to drive future revenue growth over the next two to three years through several strategic initiatives:
- Expansion of Onsite Locations: Fastenal's Onsite program, which involves embedding service locations within or adjacent to customer facilities, is consistently highlighted as a primary growth engine. The company aims for net annual additions of 350-400 Onsites in the medium term, with a goal to exceed 2,500 Onsites globally by 2027-2028. This strategy helps increase customer "wallet share" and reduces churn.
- Growth of Fastenal Managed Inventory (FMI) Technology and Digital Footprint: The company is actively expanding its FMI program, which includes innovative solutions like FASTBin and FASTVend devices, automating inventory tracking and reordering for customers. Fastenal anticipates continued growth in FMI Technology signings, targeting 28,000 to 30,000 Managed Inventory Units (MEUs) in 2026. Its digital footprint, encompassing e-business and FMI technology, is projected to account for 66% to 68% of total sales volume in 2025.
- Strategic International Expansion: Fastenal is prioritizing international markets for growth, particularly Mexico and Canada. These regions are targeted due to factors like nearshoring and foreign direct investment in manufacturing, with a goal of achieving high-teens growth in Mexico between 2025 and 2027.
- Broadening Product and Service Offerings: Beyond its core fastener business, Fastenal is expanding its product and service categories. This includes scaling offerings in safety, metalworking, OEM supplies, private-label products, and custom kitting, as well as enhancing services such as managed inventory and light assembly.
- Penetration of Large Customer Accounts and Market Share Gains: Fastenal's revenue growth is also expected to be driven by an increase in unit sales from customer sites spending $10,000 or more per month, along with improved customer contract signings. The company focuses on investing in customers where it can gain share through its Onsite service, vending solutions, and specialized sales approaches.
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Share Repurchases
- Fastenal authorized the repurchase of an additional 8,000,000 shares on July 12, 2022, an authorization that does not have an expiration date.
- The company repurchased 1,000,000 shares in the second quarter of 2022 and 2,000,000 shares in the fourth quarter of 2022 at an average price of $46.62 per share.
- As of October 10, 2025, Fastenal had authority to purchase up to 12,400,000 shares of its common stock under the July 2022 authorization, adjusted to reflect a two-for-one stock split in 2025. No common stock was repurchased in 2023, 2024, or the first three quarters of 2025.
Share Issuance
- Fastenal's shares outstanding showed slight increases in recent years, with 1.149 billion shares in 2024 and 1.15 billion in 2025.
- Stock options exercised resulted in the issuance of 1,338,085 shares in 2024.
- The company reported stock-based compensation expenses of $8.0 million in 2024, $7.3 million in 2023, and $7.2 million in 2022.
Outbound Investments
- Fastenal's most recent acquisition was Spensall in 2018.
- No significant outbound investments, such as acquisitions of other companies, have been reported for Fastenal within the last 3-5 years.
Capital Expenditures
- Fastenal's capital expenditures were $230.6 million in 2025 and $214.1 million in 2024.
- Expected capital expenditures for 2026 are projected to be between $310 million and $330 million, marking a notable increase from 2025.
- The primary focus of these capital expenditures includes replacing the Atlanta hub facility, enhancing picking capacity, improving efficiency across the hub network, and investing in IT projects and FMI (Fastenal Managed Inventory) technology.
Peer Outperformance in Trading Companies & Distributors
FAST has outperformed 78% of its 18 Trading Companies & Distributors peers over 5Y. Among the peers that beat it are DXPE, AIT and URI. Trading Companies & Distributors ranks 5th of 23 industries in Industrials by median 5Y return.
Share of Trading Companies & Distributors constituents that FAST has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
63%
of 19 industry peers · 23.8% return
3Y
72%
of 18 industry peers · 95.8% return
5Y
78%
of 18 industry peers · 111.1% return
Trading Companies & Distributors peers with revenue growth within 4pp of FAST's that beat it on at least 2 of 3 windows, and by at least 20pp over 5Y. Growth is matched by construction, so the gap is largely a re-rating gap. The multiple column is the context for it.
| Ticker | Name | Rev Growth 3Y Avg | P/E | 1Y | 3Y | 5Y | 5Y Gap |
|---|---|---|---|---|---|---|---|
| FAST | Fastenal | 7.7% | 42.5x | 23.8% | 95.8% | 111.1% | — |
| DXPE | DXP Enterprises | 9.2% | 29.5x | 50.5% | 446.3% | 442.3% | +331pp |
| AIT | Applied Industrial Technologies | 4.1% | 30.2x | 31.8% | 124.6% | 252.6% | +142pp |
| URI | United Rentals | 8.0% | 23.3x | 7.5% | 170.3% | 203.9% | +93pp |
| WCC | WESCO International | 4.1% | 24.0x | 59.3% | 185.2% | 183.3% | +72pp |
Price returns, excluding dividends. P/E shown for context only and not used for matching.
Median price return by industry across the Industrials sector, ranked by 5Y. Trading Companies & Distributors is FAST's own industry. Use this to see which corners of the sector have carried the returns.
| Industry | Names | 1Y med | 3Y med | 5Y med | Top 3 by 5Y |
|---|---|---|---|---|---|
| Construction & Engineering | 30 | -4.6% | 113.1% | 155.6% | STRL 1708% · FIX 1620% · AGX 746% |
| Marine Transportation | 5 | 58.1% | 49.7% | 134.0% | MATX 201% · KEX 142% |
| Construction Machinery & Heavy Transportation Equipment | 13 | 0.9% | 59.6% | 87.4% | CAT 299% · ALSN 241% · WAB 220% |
| Aerospace & Defense | 52 | -13.9% | 55.5% | 63.5% | ATI 1007% · FTAI 759% · HWM 587% |
| Trading Companies & Distributors ← | 19 | 8.9% | 38.3% | 45.6% | DXPE 442% · AIT 253% · URI 204% |
| Industrial Machinery & Supplies & Components | 72 | 8.7% | 57.9% | 40.6% | CRS 1091% · MLI 412% · SYM 322% |
| Diversified Support Services | 34 | 13.2% | 33.9% | 33.1% | CXW 222% · OPLN 146% · CACI 120% |
| Rail Transportation | 7 | 29.8% | 48.7% | 28.8% | CSX 48% · UNP 39% · NSC 29% |
| Building Products | 33 | -12.8% | 11.6% | 22.0% | GFF 331% · TT 177% · JCI 126% |
| Cargo Ground Transportation | 16 | 31.0% | 6.0% | 19.8% | XPO 264% · R 208% · ARCB 53% |
| Electrical Components & Equipment | 37 | -9.1% | 76.7% | 10.4% | POWL 2043% · BE 1025% · VRT 796% |
| Industrial Conglomerates | 17 | 10.0% | 3.6% | -7.2% | CSW 120% · DD 70% · CSL 64% |
| Agricultural & Farm Machinery | 16 | 1.0% | -3.1% | -10.6% | DE 98% · TTC 12% · AGCO -7% |
| Data Processing & Outsourced Services | 6 | -24.7% | -3.5% | -18.7% | EXLS 67% · BR 7% · G -17% |
| Research & Consulting Services | 13 | -1.9% | -18.0% | -22.4% | HURN 268% · FCN 5% · BAH 0% |
| Office Services & Supplies | 9 | 17.4% | 19.4% | -26.4% | PBI 192% · TILE 136% · HNI 36% |
| Security & Alarm Services | 9 | -58.0% | 16.9% | -26.8% | BCO 85% |
| Environmental & Facilities Services | 29 | -27.8% | 26.1% | -32.6% | GEO 233% · CLH 180% · RSG 87% |
| Passenger Ground Transportation | 3 | -27.3% | 57.4% | -38.2% | UBER 46% · CAR -38% · LYFT -66% |
| Passenger Airlines | 11 | 0.3% | 14.8% | -38.5% | LTM 3190% · UAL 118% · DAL 100% |
| Air Freight & Logistics | 12 | -28.9% | -22.2% | -39.9% | FDX 77% · EXPD 74% · CHRW 61% |
| Human Resource & Employment Services | 22 | 10.3% | -15.2% | -44.4% | ADP 53% · PAYX 7% · FA 3% |
| Airport Services | 4 | -71.2% | -69.2% | -84.3% | JOBY -47% |
Median of constituents with a full price history over each window. Top names are limited to companies above $2B market cap.
Latest Trefis Analyses
Research & Analysis
Invest in Strategies
Wealth Management
Peer Comparisons
| Peers to compare with: |
Financials
| Median | |
|---|---|
| Name | |
| Mkt Price | 234.75 |
| Mkt Cap | 17.1 |
| Rev LTM | 13,962 |
| Op Inc LTM | 1,269 |
| FCF LTM | 612 |
| FCF 3Y Avg | 573 |
| CFO LTM | 840 |
| CFO 3Y Avg | 874 |
Growth & Margins
| Median | |
|---|---|
| Name | |
| Rev Chg LTM | 8.3% |
| Rev Chg 3Y Avg | 4.1% |
| Rev Chg Q | 10.4% |
| QoQ Delta Rev Chg LTM | 2.6% |
| Op Inc Chg LTM | 6.5% |
| Op Inc Chg 3Y Avg | 0.5% |
| Op Mgn LTM | 9.7% |
| Op Mgn 3Y Avg | 10.4% |
| QoQ Delta Op Mgn LTM | 0.1% |
| CFO/Rev LTM | 8.8% |
| CFO/Rev 3Y Avg | 9.8% |
| FCF/Rev LTM | 6.8% |
| FCF/Rev 3Y Avg | 8.2% |
Valuation
| Median | |
|---|---|
| Name | |
| Mkt Cap | 17.1 |
| P/S | 2.2 |
| P/Op Inc | 22.8 |
| P/EBIT | 24.0 |
| P/E | 34.9 |
| P/CFO | 27.5 |
| Total Yield | 4.0% |
| Dividend Yield | 1.3% |
| FCF Yield 3Y Avg | 3.7% |
| D/E | 0.1 |
| Net D/E | 0.1 |
Returns
| Median | |
|---|---|
| Name | |
| 1M Rtn | 5.4% |
| 3M Rtn | 4.4% |
| 6M Rtn | 17.1% |
| 12M Rtn | 35.7% |
| 3Y Rtn | 98.2% |
| 1M Excs Rtn | 4.8% |
| 3M Excs Rtn | 1.7% |
| 6M Excs Rtn | 9.8% |
| 12M Excs Rtn | 24.5% |
| 3Y Excs Rtn | 13.8% |
Comparison Analyses
Segment Financials
Revenue by Segment| $ Mil | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Fasteners | 2,501 | 2,317 | 2,380 | 2,373 | 2,002 |
| Safety supplies | 1,821 | 1,675 | 1,558 | 1,452 | 1,274 |
| Janitorial supplies | 738 | 664 | 617 | 558 | 493 |
| Tools | 681 | 634 | 624 | 586 | 511 |
| Hydraulics & pneumatics | 566 | 506 | 492 | 454 | 385 |
| Material handling | 467 | 423 | 411 | 398 | 337 |
| Cutting tools | 426 | 400 | 389 | 349 | 301 |
| Electrical supplies | 385 | 355 | 338 | 307 | 258 |
| Welding supplies | 353 | 317 | 301 | 272 | 228 |
| Other | 262 | 257 | 235 | 230 | 222 |
| Total | 8,200 | 7,546 | 7,347 | 6,981 | 6,011 |
Price Behavior
Price Behavior
| Market Price | $52.49 | |
| Market Cap ($ Bil) | 60.2 | |
| First Trading Date | 03/26/1990 | |
| Distance from 52W High | 0.0% | |
| 50 Days | 200 Days | |
| DMA Price | $50.37 | $46.57 |
| DMA Trend | up | up |
| Distance from DMA | 4.2% | 12.7% |
| 3M | 1YR | |
| Volatility | 20.9% | 24.3% |
| Downside Capture | -1.17 | 32.81 |
| Upside Capture | 58.37 | 50.79 |
| Correlation (S&P 500) | 17.2% | 27.7% |
FAST Betas & Captures as of 9/30/2026
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
| 1M | 2M | 3M | 6M | 1Y | 3Y | |
|---|---|---|---|---|---|---|
| Beta | 0.56 | 0.75 | 0.35 | 0.40 | 0.49 | 0.64 |
| Up Beta | 2.63 | 1.44 | 0.37 | 0.66 | 0.50 | 0.78 |
| Down Beta | -0.78 | 0.19 | 0.02 | 0.53 | 0.83 | 0.50 |
| Up Capture | 47% | 66% | 45% | 25% | 26% | 37% |
| Bmk +ve Days | 6 | 16 | 27 | 66 | 132 | 424 |
| Stock +ve Days | 10 | 23 | 34 | 66 | 132 | 393 |
| Down Capture | 49% | 44% | 33% | 23% | 46% | 79% |
| Bmk -ve Days | 16 | 26 | 37 | 60 | 120 | 328 |
| Stock -ve Days | 12 | 19 | 30 | 60 | 119 | 353 |
[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FAST | |
|---|---|---|---|---|
| FAST | 24.9% | 24.3% | 0.85 | - |
| Sector ETF (XLI) | 10.6% | 17.2% | 0.42 | 50.9% |
| Equity (SPY) | 16.2% | 12.7% | 0.90 | 27.7% |
| Gold (GLD) | -6.0% | 29.0% | -0.22 | 11.4% |
| Commodities (DBC) | 50.2% | 20.7% | 1.85 | -13.4% |
| Real Estate (VNQ) | 3.1% | 13.8% | -0.03 | 33.0% |
| Bitcoin (BTCUSD) | -25.3% | 43.4% | -0.55 | 3.5% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FAST | |
|---|---|---|---|---|
| FAST | 17.2% | 24.6% | 0.61 | - |
| Sector ETF (XLI) | 12.6% | 17.6% | 0.54 | 62.9% |
| Equity (SPY) | 13.6% | 17.1% | 0.61 | 54.1% |
| Gold (GLD) | 17.7% | 18.9% | 0.76 | 6.1% |
| Commodities (DBC) | 9.5% | 19.5% | 0.37 | 3.5% |
| Real Estate (VNQ) | 1.1% | 18.9% | -0.05 | 48.6% |
| Bitcoin (BTCUSD) | 7.6% | 51.7% | 0.33 | 18.8% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
| Annualized Return | Annualized Volatility | Sharpe Ratio | Correlation with FAST | |
|---|---|---|---|---|
| FAST | 21.2% | 26.8% | 0.74 | - |
| Sector ETF (XLI) | 13.3% | 20.0% | 0.58 | 64.0% |
| Equity (SPY) | 15.5% | 17.9% | 0.73 | 59.9% |
| Gold (GLD) | 12.2% | 16.4% | 0.61 | 2.1% |
| Commodities (DBC) | 8.2% | 18.1% | 0.37 | 13.6% |
| Real Estate (VNQ) | 5.2% | 20.7% | 0.21 | 46.6% |
| Bitcoin (BTCUSD) | 62.6% | 66.2% | 1.02 | 10.4% |
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Earnings Returns History
Updated 10/22/2026| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/14/2026 | 1.1% | 0.4% | |
| 7/14/2026 | -0.8% | -1.6% | 14.8% |
| 4/13/2026 | -2.6% | -0.5% | -4.9% |
| 1/20/2026 | 4.7% | 3.1% | 9.0% |
| 10/14/2025 | -1.2% | 1.3% | -3.7% |
| 7/14/2025 | 4.2% | 6.4% | 11.1% |
| 4/11/2025 | 6.4% | 7.6% | 6.3% |
| 1/17/2025 | 0.0% | 0.2% | -0.1% |
| ... | |||
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 15 |
| # Negative | 11 | 9 | 9 |
| Median Positive | 2.8% | 2.9% | 9.0% |
| Median Negative | -2.6% | -2.5% | -3.7% |
| Max Positive | 9.8% | 10.9% | 19.7% |
| Max Negative | -6.5% | -8.4% | -11.1% |
| Forward Returns | |||
|---|---|---|---|
| Earnings Date | 1D Returns | 5D Returns | 21D Returns |
| 10/14/2026 | 1.1% | 0.4% | |
| 7/14/2026 | -0.8% | -1.6% | 14.8% |
| 4/13/2026 | -2.6% | -0.5% | -4.9% |
| 1/20/2026 | 4.7% | 3.1% | 9.0% |
| 10/14/2025 | -1.2% | 1.3% | -3.7% |
| 7/14/2025 | 4.2% | 6.4% | 11.1% |
| 4/11/2025 | 6.4% | 7.6% | 6.3% |
| 1/17/2025 | 0.0% | 0.2% | -0.1% |
| 10/11/2024 | 9.8% | 10.9% | 19.7% |
| 7/12/2024 | 2.0% | 7.3% | 4.0% |
| 4/11/2024 | -6.5% | -8.4% | -9.0% |
| 1/18/2024 | 2.1% | 1.9% | 4.0% |
| 10/12/2023 | 7.5% | 5.0% | 6.2% |
| 7/13/2023 | -3.5% | -2.5% | -2.7% |
| 4/13/2023 | -0.4% | 2.8% | 5.1% |
| 1/19/2023 | 4.7% | 6.0% | 15.0% |
| 10/13/2022 | 2.5% | 0.9% | 14.3% |
| 7/13/2022 | -6.4% | -3.0% | 9.6% |
| 4/13/2022 | 2.2% | -1.2% | -9.0% |
| 1/19/2022 | -3.2% | -4.7% | -11.1% |
| 10/12/2021 | 3.1% | 6.6% | 13.2% |
| 7/13/2021 | 0.1% | 1.9% | 5.3% |
| 4/13/2021 | -1.4% | 0.2% | 4.9% |
| 1/20/2021 | -1.1% | -1.8% | -2.4% |
| 10/13/2020 | -4.8% | -6.7% | -1.3% |
| SUMMARY STATS | |||
| # Positive | 14 | 16 | 15 |
| # Negative | 11 | 9 | 9 |
| Median Positive | 2.8% | 2.9% | 9.0% |
| Median Negative | -2.6% | -2.5% | -3.7% |
| Max Positive | 9.8% | 10.9% | 19.7% |
| Max Negative | -6.5% | -8.4% | -11.1% |
SEC Filings
Expand for More| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/19/2026 | 10-Q |
| 06/30/2026 | 07/16/2026 | 10-Q |
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 02/05/2026 | 10-K |
| 09/30/2025 | 10/16/2025 | 10-Q |
| 06/30/2025 | 07/17/2025 | 10-Q |
| 03/31/2025 | 04/16/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-K |
| 09/30/2024 | 10/16/2024 | 10-Q |
| 06/30/2024 | 07/17/2024 | 10-Q |
| 03/31/2024 | 04/16/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-K |
| 09/30/2023 | 10/17/2023 | 10-Q |
| 06/30/2023 | 07/18/2023 | 10-Q |
| 03/31/2023 | 04/18/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-K |
| Report Date | Filing Date | Filing |
|---|---|---|
| 09/30/2026 | 10/19/2026 | 10-Q |
| 06/30/2026 | 07/16/2026 | 10-Q |
| 03/31/2026 | 04/16/2026 | 10-Q |
| 12/31/2025 | 02/05/2026 | 10-K |
| 09/30/2025 | 10/16/2025 | 10-Q |
| 06/30/2025 | 07/17/2025 | 10-Q |
| 03/31/2025 | 04/16/2025 | 10-Q |
| 12/31/2024 | 02/06/2025 | 10-K |
| 09/30/2024 | 10/16/2024 | 10-Q |
| 06/30/2024 | 07/17/2024 | 10-Q |
| 03/31/2024 | 04/16/2024 | 10-Q |
| 12/31/2023 | 02/06/2024 | 10-K |
| 09/30/2023 | 10/17/2023 | 10-Q |
| 06/30/2023 | 07/18/2023 | 10-Q |
| 03/31/2023 | 04/18/2023 | 10-Q |
| 12/31/2022 | 02/07/2023 | 10-K |
| 09/30/2022 | 10/18/2022 | 10-Q |
| 06/30/2022 | 07/18/2022 | 10-Q |
| 03/31/2022 | 04/18/2022 | 10-Q |
| 12/31/2021 | 02/07/2022 | 10-K |
| 09/30/2021 | 10/15/2021 | 10-Q |
| 06/30/2021 | 07/16/2021 | 10-Q |
| 03/31/2021 | 04/16/2021 | 10-Q |
| 12/31/2020 | 02/08/2021 | 10-K |
| 09/30/2020 | 10/16/2020 | 10-Q |
| 06/30/2020 | 07/17/2020 | 10-Q |
| 03/31/2020 | 04/17/2020 | 10-Q |
| 12/31/2019 | 02/06/2020 | 10-K |
Recent Forward Guidance
Updated 10/15/2026Latest: Q3 2026 Earnings Reported 10/14/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Weighted FASTBin and FASTVend Device Signings | Reported | 27000 | 28000 | 29000 | 0.0% | Affirmed | Guidance: 28000 for 2026 | |
| 2026 Investment in Property and Equipment, net of proceeds from sales | Reported | 310.00 Mil | 320.00 Mil | 330.00 Mil | 0.0% | Affirmed | Guidance: 320.00 Mil for 2026 | |
| 2026 Ongoing Tax Rate | Reported | 24.6% | ||||||
Prior: Q2 2026 Earnings Reported 7/14/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Weighted FASTBin and FASTVend device signings | Reported | 27000 | 28000 | 29000 | -3.4% | Lowered | Guidance: 29000 for 2026 | |
| 2026 Capital Expenditures | Reported | 310.00 Mil | 320.00 Mil | 330.00 Mil | 0 | Affirmed | Guidance: 320.00 Mil for 2026 | |
Q1 2026 Earnings Reported 4/13/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Weighted FASTBin and FASTVend device signings | Reported | 28000 | 29000 | 30000 | 0 | Affirmed | Guidance: 29000 for 2026 | |
| 2026 Capital Expenditures | Reported | 310.00 Mil | 320.00 Mil | 330.00 Mil | 0 | Affirmed | Guidance: 320.00 Mil for 2026 | |
Q4 2025 Earnings Reported 1/20/2026
| Forward Guidance | Guidance Change | |||||||
|---|---|---|---|---|---|---|---|---|
| Metric | Source | Low | Mid | High | % Chg | % Delta | Change | Prior |
| 2026 Weighted FASTBin and FASTVend device signings | Reported | 28000 | 29000 | 30000 | 13.7% | Higher New | Guidance: 25500 for 2025 | |
| 2026 Ongoing Tax Rate | Reported | 24.5% | 0 | Same New | Guidance: 24.5% for 2025 | |||
| 2026 Capital Expenditures | Reported | 310.00 Mil | 320.00 Mil | 330.00 Mil | 30.6% | Higher New | Guidance: 245.00 Mil for 2025 | |
Insider Activity
Updated 8/11/2026| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ancius, Michael J | Direct | Sell | 8112026 | 52.00 | 3,000 | 156,000 | 3,051,880 | Form | |
| 2 | Heise, Rita J | Direct | Sell | 8062026 | 50.05 | 34,964 | 1,750,102 | 1,001,088 | Form | |
| 3 | Ancius, Michael J | Direct | Sell | 7292026 | 49.00 | 3,000 | 147,000 | 2,875,810 | Form | |
| 4 | Wisecup, Reyne K | Direct | Sell | 3062026 | 47.34 | 36,920 | 1,747,922 | 1,893,740 | Form | |
| 5 | Satterlee, Scott | Direct | Sell | 1272026 | 44.19 | 15,964 | 705,454 | 2,209,515 | Form |
| # | Owner | Title | Holding | Action | Filing Date | Price | Shares | Transacted Value | Value of Held Shares | Form |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Ancius, Michael J | Direct | Sell | 8112026 | 52.00 | 3,000 | 156,000 | 3,051,880 | Form | |
| 2 | Heise, Rita J | Direct | Sell | 8062026 | 50.05 | 34,964 | 1,750,102 | 1,001,088 | Form | |
| 3 | Ancius, Michael J | Direct | Sell | 7292026 | 49.00 | 3,000 | 147,000 | 2,875,810 | Form | |
| 4 | Wisecup, Reyne K | Direct | Sell | 3062026 | 47.34 | 36,920 | 1,747,922 | 1,893,740 | Form | |
| 5 | Satterlee, Scott | Direct | Sell | 1272026 | 44.19 | 15,964 | 705,454 | 2,209,515 | Form | |
| 6 | Miller, Charles S | Senior EVP-Sales | Direct | Buy | 1272026 | 39.15 | 20 | 783 | 1,566 | Form |
| 7 | Miller, Charles S | Senior EVP-Sales | Direct | Buy | 1272026 | 39.15 | 20 | 783 | 783 | Form |
| 8 | Johnson, Daniel L | Direct | Buy | 11212025 | 40.44 | 1,000 | 40,440 | 897,364 | Form | |
| 9 | Nielsen, Sarah N | Direct | Buy | 11202025 | 39.60 | 1,000 | 39,600 | 198,000 | Form | |
| 10 | Hsu, Hsenghung Sam | Direct | Buy | 11142025 | 49.58 | 1,000 | 49,580 | 495,800 | Form | |
| 11 | Eastman, Stephen L | Direct | Buy | 11132025 | 40.82 | 1,000 | 40,816 | 857,138 | Form | |
| 12 | Hsu, Hsenghung Sam | Direct | Buy | 10162025 | 42.45 | 1,000 | 42,450 | 382,050 | Form | |
| 13 | Drazkowski, William Joseph | EVP-Sales | Direct | Sell | 8182025 | 48.67 | 6,842 | 333,012 | 583,768 | Form |
| 14 | Florness, Daniel L | CEO | Direct | Sell | 8142025 | 48.44 | 84,612 | 4,098,673 | 27,370,796 | Form |
| 15 | Watts, Jeffery Michael | President and Chief Sales Off. | Direct | Sell | 8122025 | 48.05 | 48,724 | 2,341,202 | 570,837 | Form |
| 16 | Soderberg, John Lewis | Senior EVP-IT | Direct | Sell | 8112025 | 48.03 | 34,612 | Form |
Investor Activity (13F)
Updated Oct 22, 202613F holdings as of Mar 31, 2026 (Q1 2026)
Active managers (13F portfolio over $250M, at least 3 holdings) with a position over $5M that is either over 10% of their portfolio or held in a concentrated book of 50 or fewer total positions. Index/ETF, sovereign, bank, community-bank and charitable/donor-advised filers are excluded.
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Caledonia Investments PLC | $64.3 Mil | 7.5% | 15 | Hold | 13F |
| Quantum Capital Management, LLC / NJ | $44.2 Mil | 5.7% | 34 | Hold | 13F |
| Provident Trust Co | $209.7 Mil | 4.4% | 22 | TRIM -12.6% | 13F |
| Marshfield Associates | $153.6 Mil | 3.1% | 17 | TRIM -11.7% | 13F |
| Dudley & Shanley, Inc. | $8.4 Mil | 1.4% | 38 | ADD +2435.0% | 13F |
| Mcdonald Capital Investors Inc/Ca | $5.1 Mil | 0.3% | 21 | TRIM -87.6% | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | As Of | Filing |
|---|---|---|---|---|---|---|
| Regents Gate Capital LLP | $14.4 Mil | 4.6% | 37 | Exited | Dec 31, 2025 | 13F |
| Mcdonald Capital Investors Inc/Ca | $5.1 Mil | 0.3% | 21 | TRIM -87.6% | Mar 31, 2026 | 13F |
| Provident Trust Co | $209.7 Mil | 4.4% | 22 | TRIM -12.6% | Mar 31, 2026 | 13F |
| Marshfield Associates | $153.6 Mil | 3.1% | 17 | TRIM -11.7% | Mar 31, 2026 | 13F |
| Active Manager | Value | % of Portfolio | Total Positions | QoQ | Filing |
|---|---|---|---|---|---|
| Provident Trust Co | $209.7 Mil | 4.4% | 22 | TRIM -12.6% | 13F |
| Marshfield Associates | $153.6 Mil | 3.1% | 17 | TRIM -11.7% | 13F |
| Caledonia Investments PLC | $64.3 Mil | 7.5% | 15 | Hold | 13F |
| Quantum Capital Management, LLC / NJ | $44.2 Mil | 5.7% | 34 | Hold | 13F |
| Dudley & Shanley, Inc. | $8.4 Mil | 1.4% | 38 | ADD +2435.0% | 13F |
| Mcdonald Capital Investors Inc/Ca | $5.1 Mil | 0.3% | 21 | TRIM -87.6% | 13F |
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| Trading Companies & Distributors Resources |
| Modern Distribution Management (MDM) |
| Industrial Distribution |
| Supply Chain Digital |
External Quote Links
| Y Finance | Barrons |
| TradingView | Morningstar |
| SeekingAlpha | ValueLine |
| Motley Fool | Robinhood |
| CNBC | Etrade |
| MarketWatch | Unusual Whales |
| YCharts | Perplexity Finance |
| FinViz |
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Core Cache Last Updated: 10/21/2026