Fastenal Co (FAST) financial statements: income statement, balance sheet and cash flow
Fastenal Co's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Fastenal Co reported revenue of $8.2B (+8.7% year on year) and net income of $1.3B (+9.4% year on year).
Income statement
Fastenal Co income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net sales
$8.2B
$7.5B
$7.3B
$7.0B
Cost of sales
$4.5B
$4.1B
$4.0B
$3.8B
Gross profit
$3.7B
$3.4B
$3.4B
$3.2B
Selling, general, and administrative expenses
$2.0B
$1.9B
$1.8B
$1.8B
Operating income
$1.7B
$1.5B
$1.5B
$1.5B
Interest income
$5.5M
$5.4M
$4.1M
$700.0K
Interest expense
($6.2M)
($7.3M)
($10.8M)
($14.3M)
Income before income taxes
$1.7B
$1.5B
$1.5B
$1.4B
Income tax expense
$396.6M
$357.5M
$367.0M
$353.1M
Net income
$1.3B
$1.2B
$1.2B
$1.1B
Basic net income per share (in dollars per share)
$1.10
$2.01
$2.02
$1.89
Diluted net income per share (in dollars per share)
$1.09
$2.00
$2.02
$1.89
Basic weighted average shares outstanding (in shares)
1.1B
572.7M
571.3M
573.8M
Diluted weighted average shares outstanding (in shares)
1.2B
574.3M
573.0M
575.6M
Fastenal Co income statement, quarters
Line item
Sep 30, 2026 · Q3
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Net sales
$2.5B
$2.4B
$2.2B
$2.1B
Cost of sales
$1.4B
$1.3B
$1.2B
$1.2B
Gross profit
$1.1B
$1.1B
$982.9M
$965.8M
Selling, general, and administrative expenses
$573.9M
$561.8M
$535.3M
$524.3M
Operating income
$530.8M
$501.8M
$447.6M
$441.5M
Interest income
$1.2M
$1.5M
$1.6M
$700.0K
Interest expense
($800.0K)
($1.2M)
($800.0K)
($1.6M)
Income before income taxes
$531.2M
$502.1M
$448.3M
$440.6M
Income tax expense
$129.6M
$119.3M
$108.6M
$105.1M
Net income
$401.6M
$382.8M
$339.8M
$335.5M
Basic net income per share (in dollars per share)
$0.35
$0.33
$0.30
$0.29
Diluted net income per share (in dollars per share)
$0.35
$0.33
$0.30
$0.29
Basic weighted average shares outstanding (in shares)
1.1B
1.1B
1.1B
1.1B
Diluted weighted average shares outstanding (in shares)
1.2B
1.2B
1.2B
1.2B
Balance sheet
Fastenal Co balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and cash equivalents
$276.8M
$255.8M
$221.3M
$230.1M
Trade accounts receivable, net of allowance for credit losses of $5.3 and $5.2, respectively
$1.2B
$1.1B
$1.1B
$1.0B
Inventories
$1.7B
$1.6B
$1.5B
$1.7B
Prepaid income taxes
$20.1M
$18.8M
$17.5M
$8.1M
Other current assets
$181.9M
$183.7M
$171.8M
$165.4M
Total current assets
$3.5B
$3.2B
$3.0B
$3.1B
Property and equipment, net
$1.1B
$1.1B
$1.0B
$1.0B
Operating lease right-of-use assets
$309.0M
$279.2M
$270.2M
$243.0M
Other assets
$140.2M
$150.3M
$160.7M
$170.8M
Total assets
$5.1B
$4.7B
$4.5B
$4.5B
Current portion of debt
$25.0M
$75.0M
$60.0M
$201.8M
Accounts payable
$316.8M
$287.7M
$264.1M
$255.0M
Accrued expenses
$264.7M
$225.6M
$241.0M
$241.1M
Current portion of operating lease liabilities
$106.1M
$98.8M
$96.2M
$91.9M
Income taxes payable
$3.0M
—
—
—
Total current liabilities
$715.6M
$687.1M
$661.3M
$789.8M
Long-term debt
$100.0M
$125.0M
$200.0M
$353.2M
Operating lease liabilities
$210.8M
$186.6M
$178.8M
$155.2M
Deferred income taxes
$67.4M
$68.9M
$73.0M
$83.7M
Other long-term liabilities
$15.5M
$14.1M
$1.0M
$3.5M
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding
0
0
0
0
Common stock: $0.01 par value, 1,600,000,000 shares authorized, 1,148,057,473 and 1,146,640,904 shares issued and outstanding, respectively
11.5M
5.7M
5.7M
5.7M
Additional paid-in capital
$115.5M
$88.6M
$41.0M
$3.6M
Retained earnings
$3.9B
$3.6B
$3.4B
$3.2B
Accumulated other comprehensive loss
($51.1M)
($91.5M)
($54.8M)
($64.8M)
Total stockholders' equity
$3.9B
$3.6B
$3.3B
$3.2B
Total liabilities and stockholders' equity
$5.1B
$4.7B
$4.5B
$4.5B
Fastenal Co balance sheet, quarters
Line item
Sep 30, 2026
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Cash and cash equivalents
$211.9M
$204.7M
$308.6M
$288.1M
Trade accounts receivable, net of allowance for credit losses of $6.2 and $5.3, respectively
$1.6B
$1.6B
$1.4B
$1.3B
Inventories
$1.8B
$1.7B
$1.7B
$1.7B
Prepaid income taxes
$9.3M
$9.1M
$12.1M
$9.4M
Other current assets
$215.8M
$179.0M
$161.4M
$178.5M
Total current assets
$3.8B
$3.7B
$3.6B
$3.5B
Property and equipment, net
$1.2B
$1.2B
$1.1B
$1.1B
Operating lease right-of-use assets
$343.4M
$313.4M
$312.3M
$315.0M
Other assets
$134.1M
$136.7M
$137.4M
$142.6M
Total assets
$5.5B
$5.3B
$5.2B
$5.1B
Current portion of debt
$50.0M
$70.0M
$25.0M
$95.0M
Accounts payable
$445.8M
$399.8M
$363.2M
$344.8M
Accrued expenses
$335.5M
$288.7M
$242.6M
$261.1M
Current portion of operating lease liabilities
$113.5M
$107.0M
$106.1M
$106.8M
Income taxes payable
$29.4M
$16.2M
$87.2M
$25.0M
Total current liabilities
$974.2M
$881.8M
$824.1M
$832.7M
Long-term debt
$50.0M
$50.0M
$100.0M
$100.0M
Operating lease liabilities
$238.2M
$214.5M
$214.4M
$215.5M
Deferred income taxes
$65.9M
$65.7M
$65.5M
$62.8M
Other long-term liabilities
$16.9M
$12.7M
$16.4M
$10.8M
Preferred stock: $0.01 par value, 5,000,000 shares authorized, no shares issued or outstanding
0
0
0
0
Common stock: $0.01 par value, 1,600,000,000 shares authorized, 1,147,264,610 and 1,148,057,473 shares issued and outstanding, respectively
11.5M
11.5M
11.5M
11.5M
Additional paid-in capital
$60.0M
$80.7M
$105.3M
$112.9M
Retained earnings
$4.1B
$4.0B
$3.9B
$3.8B
Accumulated other comprehensive loss
($65.0M)
($62.7M)
($59.2M)
($56.2M)
Total stockholders' equity
$4.1B
$4.1B
$4.0B
$3.9B
Total liabilities and stockholders' equity
$5.5B
$5.3B
$5.2B
$5.1B
Cash flow statement
Fastenal Co cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$1.3B
$1.2B
$1.2B
$1.1B
Depreciation of property and equipment
$168.5M
$164.7M
$166.6M
$165.9M
Gain on sale of property and equipment
($3.1M)
($3.8M)
($4.3M)
$1.1M
Bad debt expense
$4.6M
$1.3M
$2.2M
($1.8M)
Deferred income taxes
($1.6M)
($4.1M)
($10.7M)
($4.9M)
Stock-based compensation
$8.4M
$8.0M
$7.3M
$7.2M
Amortization of intangible assets
$10.7M
$10.7M
$10.7M
$10.7M
Trade accounts receivable, net
($130.1M)
($31.9M)
($72.3M)
($119.8M)
Inventories
($89.2M)
($133.9M)
$189.1M
($198.0M)
Other current assets
$2.6M
($11.9M)
($6.4M)
$22.7M
Accounts payable
$26.0M
$27.5M
$8.4M
$21.9M
Accrued expenses
$33.3M
($16.5M)
($600.0K)
($57.2M)
Income taxes
$2.1M
($1.3M)
($9.4M)
$400.0K
Other
$5.3M
$13.9M
($2.9M)
$5.9M
Net cash provided by operating activities
$1.3B
$1.2B
$1.4B
$941.0M
Purchases of property and equipment
($245.3M)
($226.5M)
($172.8M)
($173.8M)
Proceeds from sale of property and equipment
$14.8M
$12.4M
$12.2M
$11.4M
Other
($500.0K)
($400.0K)
($600.0K)
($600.0K)
Net cash used in investing activities
($231.0M)
($214.5M)
($161.2M)
($163.0M)
Proceeds from debt obligations
$1.1B
$775.0M
$880.0M
$1.8B
Payments against debt obligations
($1.2B)
($835.0M)
($1.2B)
($1.6B)
Proceeds from exercise of stock options
$24.3M
$39.6M
$30.1M
$9.2M
Cash dividends paid
($1.0B)
($893.3M)
($1.0B)
($711.3M)
Net cash used in financing activities
($1.1B)
($913.7M)
($1.3B)
($774.9M)
Effect of exchange rate changes on cash and cash equivalents
$11.0M
($10.6M)
$1.4M
($9.2M)
Net increase (decrease) in cash and cash equivalents
$21.0M
$34.5M
($8.8M)
($6.1M)
Cash and cash equivalents at beginning of year
$255.8M
$221.3M
$230.1M
$236.2M
Cash and cash equivalents at end of year
$276.8M
$255.8M
$221.3M
$230.1M
Cash paid for interest
$6.6M
$7.8M
$12.2M
$13.3M
Net cash paid for income taxes
$398.8M
$356.5M
$383.0M
$354.1M
Fastenal Co cash flow statement, quarters
Line item
Sep 30, 2026 · YTD
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Net income
$1.1B
$722.6M
$339.8M
$964.4M
Depreciation of property and equipment
$126.9M
$84.8M
$41.9M
$126.7M
Loss (gain) on sale of property and equipment
$100.0K
$200.0K
$1.0M
($2.6M)
Bad debt expense
$4.2M
$3.3M
$1.4M
$3.5M
Deferred income taxes
($1.4M)
($1.6M)
($1.8M)
($6.1M)
Stock-based compensation
$7.8M
$5.2M
$2.6M
$6.2M
Amortization of intangible assets
$8.2M
$5.4M
$2.7M
$8.0M
Trade accounts receivable, net
($379.1M)
($320.2M)
($204.2M)
($233.2M)
Inventories
($34.2M)
$7.7M
$52.5M
($66.3M)
Other current assets
($34.4M)
$2.4M
$20.3M
$5.9M
Accounts payable
$127.5M
$84.1M
$46.6M
$50.3M
Accrued expenses
$77.4M
$28.6M
($17.1M)
$35.4M
Income taxes
$37.2M
$24.2M
$92.2M
$34.8M
Other
$1.4M
($2.4M)
$500.0K
$800.0K
Net cash provided by operating activities
$1.1B
$644.1M
$378.4M
$927.8M
Purchases of property and equipment
($197.0M)
($123.0M)
($58.9M)
($185.3M)
Proceeds from sale of property and equipment
$7.0M
$4.8M
$1.3M
$12.5M
Other
($2.1M)
($2.0M)
$0
($300.0K)
Net cash used in investing activities
($192.1M)
($120.2M)
($57.6M)
($173.1M)
Proceeds from debt obligations
$722.0M
$407.0M
$47.0M
$1.0B
Payments against debt obligations
($747.0M)
($412.0M)
($47.0M)
($1.0B)
Proceeds from exercise of stock options
$17.5M
$10.4M
$7.6M
$23.9M
Purchases of common stock
($80.8M)
($50.3M)
($20.3M)
—
Cash dividends paid
($849.1M)
($550.9M)
($275.6M)
($751.6M)
Net cash used in financing activities
($937.4M)
($595.9M)
($288.3M)
($732.7M)
Effect of exchange rate changes on cash and cash equivalents
($1.1M)
($100.0K)
($600.0K)
$10.3M
Net (decrease) increase in cash and cash equivalents
($64.9M)
($72.0M)
$31.9M
$32.3M
Cash and cash equivalents at beginning of period
$276.8M
$276.8M
$276.8M
$255.8M
Cash and cash equivalents at end of period
$211.9M
$204.7M
$308.6M
$288.1M
Cash paid for interest
$2.9M
$2.0M
$700.0K
$5.7M
Net cash paid for income taxes
$317.4M
$203.0M
$16.0M
$274.4M
Leased assets obtained in exchange for new operating lease liabilities