Fastenal Company stock research
FY2025 Q2
Fastenal (FAST) Gross Margin — Quarter Ended Jun 30, 2025
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue remained at a similar level. This led to an improved gross margin.
Gross margin takeaway
Quarter ended Jun 30, 2025 · FY2025 Q2
Revenue and gross profit both increased compared to the prior quarter and the same quarter last year, while cost of revenue remained at a similar level. This led to an improved gross margin.
- Cost of revenue remained at the same dollar amount compared to both the prior quarter and the same quarter last year, while revenue grew, resulting in an improved gross margin.
- Gross margin improved relative to both the immediately preceding quarter and the same quarter one year earlier.
Gross margin snapshot
The selected quarter's reported revenue, gross profit, direct costs, and margin comparisons.
Gross margin
45.3%
Gross profit
$942.8M
Revenue
$2.1B
Cost of revenue
$1.1B
Quarter-over-quarter change
+0.2 pts
Year-over-year change
+0.3 pts
Quarterly gross margin trend
A four-quarter view of the revenue and direct-cost bridge behind gross margin.
| Period | Revenue | Gross profit | Cost of revenue | Gross margin |
|---|---|---|---|---|
| Sep 30, 2024 | $1.9B | $858.6M | $1.1B | 44.9% |
| Dec 31, 2024 | $1.8B | $818.2M | $1.0B | 44.8% |
| Mar 31, 2025 | $2.0B | $883.9M | $1.1B | 45.1% |
| Jun 30, 2025 | $2.1B | $942.8M | $1.1B | 45.3% |
Quarterly comparisons
Compare the selected margin with the preceding quarter and the same fiscal quarter one year earlier.
Previous-quarter change
Mar 31, 2025
+0.2 pts
Year-over-year change
Jun 30, 2024
+0.3 pts
What the margin says
Filing-constrained interpretation of margin direction, comparisons, and what to monitor next.
Cost of revenue remained at the same dollar amount compared to both the prior quarter and the same quarter last year, while revenue grew, resulting in an improved gross margin.
Gross margin improved relative to both the immediately preceding quarter and the same quarter one year earlier.
Monitor whether cost of revenue remains stable in future quarters, as any increase could pressure gross margin.