Aureus
AExcellent

Fastenal Company(FAST)

A

Financial data as of Dec 31, 2025Improving · Industrials

FCF Margin12.8%Free Cash Flow / Revenue
Cash Conversion103.0%Operating CF / Net Income
Free Cash Flow$1.1B
Revenue$8.2B
Net Cash-$165.1MNet debt position
Debt / FCF0.4xManageable debt load
Current Ratio4.85Adequate short-term liquidity
YoY FCF Growth+38.4%5 of 5 quarters positive

How This Grade Was Calculated

Base grade from FCF margin, adjusted by financial health factors

BaseA
→
+0.5Healthy FCF margin with manageable debt (12.8%, 0.4x)
→
+1Strong YoY FCF growth (38.4% YoY)
→
+1Very low debt-to-FCF ratio (0.4x)
→
+0.5Highly consistent quarterly FCF
→
FinalA

Analysis Summary

Strengths

  • Healthy FCF margin (12.8%)
  • Excellent cash conversion (103%)
  • Very low debt relative to cash flow (0.4x)
  • Strong liquidity (current ratio: 4.85)
  • Strong YoY FCF growth (+38.4%)
  • Highly consistent quarterly FCF
  • FCF trend is improving

Concerns

  • Net debt position ($0.2B)

Financial Breakdown

Key financials compared side by side

Margin Composition

FCF Margin12.8%
Net Margin15.3%
Operating CF Margin15.8%
CapEx Ratio3.0%

Balance Sheet Health

Debt, liquidity, and leverage snapshot

Net Cash-$165.1MNet debt position
Debt / FCF0.4xManageable debt load
Current Ratio4.85Strong liquidity
Debt / Equity0.11Low leverage

Quarterly FCF Trend

+38.4% YoYImproving (+38.4%)

Free cash flow per quarter

Sector Comparison — Industrials

FCF Margin ranked against sector peers

View all →

Detailed Metrics

Company NameFastenal Company
SectorIndustrials
Free Cash Flow$1.1B
Revenue$8.2B
Net Income$1.3B
Operating Cash Flow$1.3B
Capital Expenditure$245.3M
FCF Margin12.8%
Cash Conversion Rate103.0%
Net Margin15.3%
Total Debt$441.9M
Total Cash$276.8M
Net Cash-$165.1M
Current Ratio4.85
Debt / Equity0.11
Debt / FCF0.4x
YoY FCF Growth+38.4%
Positive Quarters5 of 5
Trend DirectionImproving
Report DateDec 31, 2025
GradeA
Data SourceYahoo Finance