Fastenal (FAST) 10-K Summary — Year Ended Dec 31, 2024
Fastenal Company filed its annual report for the most recent fiscal year. The report covers the company's business, risk factors, and financial performance.
Key takeaway
Year ended Dec 31, 2024 · FY2025 10-K
Fastenal Company filed its annual report for the most recent fiscal year. The report covers the company's business, risk factors, and financial performance.
Financial snapshot
Selected annual figures reported with the filing, shown separately from the narrative summary.
Annual revenue
$7.5B
Revenue reported for the fiscal year.
Operating income
$1.5B
Income from operations reported for the year.
Net income
$1.2B
Net income reported for the year.
Operating cash flow
$1.2B
Cash generated by operating activities.
Annual revenue trend
Reported annual revenue and its change from the preceding fiscal year.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2021 | $6B | n/a |
| Dec 31, 2022 | $7B | +16.1% |
| Dec 31, 2023 | $7.3B | +5.2% |
| Dec 31, 2024 | $7.5B | +2.7% |
Business overview
Fastenal is an industrial distributor offering fasteners, tools, and other supplies. Its operations include a network of branch locations and an on-site customer inventory management program.
Financial performance
Revenue grew over the most recent fiscal year compared to the prior period. Operating income and net income both improved, and cash from operations was approximately at the same level as net income.
Material risks
The filing notes that the company faces risks related to economic conditions, competition, and supply chain disruptions. Cybersecurity threats and the ability to maintain inventory accuracy are also identified as material risks.
Liquidity and capital
The company uses cash from operations to fund stock repurchases and reinvest in the business. No new debt or equity issuances were highlighted.
What to watch
Monitor any changes in the company's on-site inventory management program performance and customer adoption trends.