Computed from published fixed rules, not a model's judgement — though one input, the count of high-severity risks, comes from the AI analysis below.
Not investment advice and not a price target: it scores the quarter's fundamentals, not the stock. Full methodology →
AI Takeaway
Fastenal delivered strong Q1 2026 results with revenue up 12.4% YoY to $2.20B and net income rising 13.8% to $339.8M, driven by solid operating leverage and a 44.3% surge in operating cash flow.
Revenue
$2.2B
+12.37% YoY
EPS (Diluted)
$0.30
+15.38% YoY
Gross Margin
44.6%
-0.5 pts YoY
Operating Income
$447.6M
+13.63% YoY
Source: SEC XBRL
Fastenal (FAST) reported Q1 FY2026 revenue of $2.2B, up 12.4% year over year. Operating margin was 20.3%, up 0.2 points from 20.1% a year earlier. Operating cash flow was $378.4M, up 44.3% year over year. FAST's fiscal Q1 FY2026 corresponds to calendar Q1 2026.
Last 4 quarters: 0 beats
| Quarter | Actual EPS (USD) | Consensus (USD) | Result |
|---|---|---|---|
| Jun 2026 | 0.33 | 0.33 | Miss -1.3% |
| Mar 2026This filing | 0.30 | 0.31 | Miss -1.8% |
| Dec 2025 | 0.26 | 0.26 | Miss -1.6% |
| Sep 2025 | 0.29 | 0.30 | Miss -3.9% |
Reported EPS of $0.30 versus the $0.31 analyst consensus — a -1.8% miss for Mar 2026.
Compiled by AI from this SEC filing
Revenue grew 12.4% YoY to $2.20B in Q1 2026 from $1.96B in Q1 2025, reflecting continued demand strength across Fastenal's industrial distribution network and customer base expansion.
Source: 10-Q Financial Data, Income Statement
Operating income rose 13.6% YoY to $447.6M, outpacing revenue growth, with operating margin expanding modestly to 20.3% from 20.1%, demonstrating disciplined cost management despite SG&A rising 9.2% to $535.3M.
Source: 10-Q Financial Data, Income Statement & Key Ratios
Gross margin declined modestly by approximately 47 basis points to 44.6% from 45.1%, as cost of revenue grew 13.3% — slightly faster than revenue growth of 12.4% — suggesting mild input cost or product mix pressures.
Source: 10-Q Financial Data, Income Statement & Key Ratios
Operating cash flow surged 44.3% YoY to $378.4M from $262.2M, significantly exceeding net income of $339.8M, indicating high-quality earnings and strong working capital management.
Source: 10-Q Financial Data, Cash Flow Statement
Cash and equivalents increased 33.1% YoY to $308.6M, long-term debt was reduced 37.5% to $125.0M, and the company returned $275.6M in dividends plus $20.3M in share buybacks to shareholders during the quarter.
Source: 10-Q Financial Data, Balance Sheet & Cash Flow Statement
Compiled by AI from this SEC filing · 1 high, 3 medium, 1 low
Fastenal's gross margin declined approximately 47 basis points YoY to 44.6%, as cost of revenue grew faster than revenue. Sustained input cost inflation or unfavorable product/customer mix shifts could further erode profitability if pricing power is insufficient to offset cost increases.
Source: 10-Q Financial Data, Key Ratios & Income Statement
SG&A expenses rose 9.2% YoY to $535.3M, representing a significant portion of revenue. While operating margin still expanded slightly, continued investment in headcount, branch infrastructure, or technology without commensurate revenue growth could pressure margins.
Source: 10-Q Financial Data, Income Statement
Dividends paid totaled $275.6M in Q1 2026, representing approximately 72.8% of operating cash flow of $378.4M. While cash generation is strong, any deterioration in business conditions could strain the company's ability to sustain its dividend growth trajectory.
Source: 10-Q Financial Data, Cash Flow Statement
Fastenal's revenue is closely tied to industrial production and manufacturing activity. A slowdown in U.S. or global industrial output — driven by macroeconomic weakness, trade policy changes, or customer inventory destocking — could materially impact revenue growth rates.
Source: 10-Q Financial Data, Income Statement
With current assets of $3.62B against current liabilities of $824.1M (current ratio of 4.39), the company carries a substantial asset base that must be efficiently managed. Excess inventory build or receivables deterioration in a demand slowdown could tie up capital and impact cash flow.
Source: 10-Q Financial Data, Balance Sheet & Key Ratios
| Metric | Current | Previous | YoY Change |
|---|---|---|---|
Revenue $B | 2.20 $B | 1.96 $B | +12.37% |
Cost of Revenue $B | 1.22 $B | 1.08 $B | +13.32% |
Gross Profit $M | 982.90 $M | 883.90 $M | +11.20% |
Operating Income $M | 447.60 $M | 393.90 $M | +13.63% |
Net Income $M | 339.80 $M | 298.70 $M | +13.76% |
EPS (Basic) $ | 0.30 $ | 0.26 $ | +15.38% |
EPS (Diluted) $ | 0.30 $ | 0.26 $ | +15.38% |
SG&A Expense $M | 535.30 $M | 490.00 $M | +9.24% |
Answers draw on this SEC filing and the data on this page
In Q2 FY2026, FAST delivered strong top-line and earnings growth, with revenue up 14.7% to $2.39B and net income up 15.9% to $382.8M, as contract-customer momentum and manufacturing strength offset modest gross margin pressure.
Fastenal (FAST) delivered solid FY2025 results with revenue growing 8.7% to $8.20B and net income rising 9.4% to $1.26B, supported by strong operating cash flow of $1.30B and a healthy current ratio of 4.85.
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