Fastenal Company
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.20B | $7.55B | $7.35B | $6.98B | $6.01B | $5.65B | $5.33B | $4.97B |
| Cost of Revenue | $4.51B | $4.14B | $3.99B | $3.76B | $3.23B | $3.08B | $2.82B | $2.57B |
| Gross Profit | $3.69B | $3.40B | $3.35B | $3.22B | $2.78B | $2.57B | $2.52B | $2.40B |
| Gross Margin | 45.0% | 45.1% | 45.7% | 46.1% | 46.2% | 45.5% | 47.2% | 48.3% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $2.04B | $1.89B | $1.83B | $1.76B | $1.56B | $1.43B | $1.46B | $1.40B |
| Operating Income | $1.66B | $1.51B | $1.53B | $1.45B | $1.22B | $1.14B | $1.06B | $999.2M |
| Operating Margin | 20.2% | 20.0% | 20.8% | 20.8% | 20.3% | 20.2% | 19.8% | 20.1% |
| Interest Expense | — | — | $10.8M | $14.3M | $9.7M | $9.7M | $13.9M | $12.6M |
| Pretax Income | $1.66B | $1.51B | $1.52B | $1.44B | $1.21B | $1.13B | $1.04B | $987.0M |
| Income Tax Expense | $396.6M | $357.5M | $367.0M | $353.1M | $282.8M | $273.6M | $252.8M | $235.1M |
| Net Income | $1.26B | $1.15B | $1.16B | $1.09B | $925.0M | $859.1M | $790.9M | $751.9M |
| Net Margin | 15.3% | 15.2% | 15.7% | 15.6% | 15.4% | 15.2% | 14.8% | 15.1% |
| EPS (Basic) | $1.10 | $1.00 | $1.01 | $1.89 | $1.61 | $1.50 | $1.38 | $1.31 |
| EPS (Diluted) | $1.09 | $1.00 | $1.01 | $1.89 | $1.60 | $1.49 | $1.38 | $1.31 |
| Shares Outstanding (Basic) | 1.15B | 1.15B | 1.14B | 573.8M | 574.8M | 573.8M | 573.2M | 573.9M |
| Shares Outstanding (Diluted) | 1.15B | 1.15B | 1.15B | 575.6M | 577.1M | 575.7M | 574.4M | 574.3M |
| Dividends Per Share | $0.88 | $0.78 | $0.89 | $1.24 | $1.12 | $1.40 | $0.87 | $0.77 |