Since 1967, Fastenal has grown from a single store to nearly 2,700 locations, each providing tailored local inventory and personal service for our customers. As we've expanded across the world, we've retained a core belief in people and their ability to accomplish remarkable things - if given the opportunity. From this philosophy stems an entrepreneurial culture that challenges every employee to run their own business, create their own success, and rise up to become company leaders. Backed by our global sourcing, quality, and logistics operations, each store is a local, one-stop source for a spectrum of OEM, MRO and Construction supplies. Working within our decentralized environment, store personnel take a flexible approach to support local customers – sourcing products, making emergency deliveries, managing a lean flow of inventory to points of use, and leveraging our services, solutions and specialists to drive continual business improvements.
Local product and local people: these are the cornerstones of our value proposition. So when you hear us talk about our thousands of stores, remember that we're not talking about how big we are; we're talking about how local we are. And that's what Fastenal is all about – using our corporate resources to be the best local supplier in every market we serve.

Fastenal was founded in 1967 and is headquartered in Winona, US

Fastenal has an office in Winona

Winona, US (HQ)

2001 Theurer Blvd

Fastenal's revenue was reported to be $1.1 b in Q2, 2017

USD

## Revenue (Q2, 2017) | 1.1 b |

## Gross profit (Q2, 2017) | 558.5 m |

## Gross profit margin (Q2, 2017), % | 50% |

## Net income (Q2, 2017) | 148.9 m |

## EBIT (Q2, 2017) | 237.5 m |

## Market capitalization (18-Aug-2017) | 11.7 b |

## Cash (30-Jun-2017) | 115.1 m |

Fastenal's current market capitalization is $11.7 b.

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Revenue | 3.3 b | 3.7 b | 3.9 b | 4 b |

## Revenue growth, % | 12% | 4% | 2% | |

## Cost of goods sold | 1.6 b | 1.8 b | 1.9 b | 2 b |

## Gross profit | 1.7 b | 1.9 b | 1.9 b | 2 b |

## Gross profit Margin, % | 52% | 51% | 50% | 50% |

## EBIT | 712.7 m | 787.6 m | 828.8 m | 795.8 m |

## EBIT margin, % | 21% | 21% | 21% | 20% |

## Interest income | 924 k | 759 k | 373 k | 394 k |

## Pre tax profit | 713.5 m | 787.4 m | 826 m | 789.7 m |

## Net Income | 448.6 m | 494.2 m | 516.4 m | 499.5 m |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Revenue | 980.8 m | 953.3 m | 997.8 m | 995.3 m | 986.7 m | 1 b | 1 b | 1 b | 1.1 b |

## Cost of goods sold | 482.1 m | 469.3 m | 495.7 m | 493 m | 495.2 m | 512.7 m | 513.3 m | 529.7 m | 563 m |

## Gross profit | 498.7 m | 484.1 m | 502.1 m | 502.2 m | 491.5 m | 501.6 m | 499.8 m | 518 m | 558.5 m |

## Gross profit Margin, % | 51% | 51% | 50% | 50% | 50% | 49% | 49% | 49% | 50% |

## EBIT | 212.9 m | 203.8 m | 225.8 m | 220 m | 201.2 m | 209.2 m | 203 m | 212.5 m | 237.5 m |

## EBIT margin, % | 22% | 21% | 23% | 22% | 20% | 21% | 20% | 20% | 21% |

## Interest income | 388 k | 99 k | 63 k | 137 k | 61 k | 92 k | 105 k | 100 k | 100 k |

## Pre tax profit | 213 m | 203.5 m | 225.1 m | 219.2 m | 199.9 m | 207.8 m | 201.2 m | 210.9 m | 235.4 m |

## Net Income | 375.8 m | 127.6 m | 140.4 m | 136.5 m | 126.2 m | 131.5 m | 126.9 m | 134.2 m | 148.9 m |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Cash | 58.5 m | 114.5 m | 129 m | 112.7 m |

## Inventories | 784.1 m | 869.2 m | 913.3 m | 993 m |

## Current Assets | 1.4 b | 1.6 b | 1.7 b | 1.7 b |

## PP&E | 818.9 m | 899.7 m | ||

## Total Assets | 2.1 b | 2.4 b | 2.5 b | 2.7 b |

## Accounts Payable | 91.3 m | 103.9 m | 126 m | 108.7 m |

## Total Debt | 379.5 m | |||

## Current Liabilities | 239.8 m | 375.4 m | 373.2 m | 275.6 m |

## Additional Paid-in Capital | 69.8 m | 33.7 m | 2 m | 37.4 m |

## Retained Earnings | 1.7 b | 1.9 b | 1.8 b | 1.9 b |

## Total Equity | 1.8 b | 1.9 b | 1.8 b | 1.9 b |

## Debt to Equity Ratio | 0.2 x | |||

## Debt to Assets Ratio | 0.1 x | |||

## Financial Leverage | 1.2 x | 1.2 x | 1.4 x | 1.4 x |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Cash | 116.3 m | 120.8 m | 121.2 m | 111.8 m | 150.6 m | 155.5 m | 147 m | 134.3 m | 115.1 m |

## Inventories | 836.4 m | 867.9 m | 876.7 m | 883.2 m | 965.1 m | 985.1 m | 966.9 m | 1 b | 1 b |

## Current Assets | 1.6 b | 1.6 b | 1.7 b | 1.7 b | 1.8 b | 1.8 b | 1.8 b | 1.8 b | 1.9 b |

## PP&E | 826.7 m | 859.5 m | 904.2 m | 890.7 m | 895.2 m | ||||

## Total Assets | 2.4 b | 2.4 b | 2.5 b | 2.5 b | 2.6 b | 2.7 b | 2.7 b | 2.8 b | 2.9 b |

## Accounts Payable | 112.6 m | 132.2 m | 133.5 m | 132 m | 158.5 m | 158.7 m | 117.8 m | 129.7 m | 141.2 m |

## Current Liabilities | 407.9 m | 492.4 m | 396.6 m | 368.3 m | 401.7 m | 411.2 m | 331.1 m | 369.6 m | 342.3 m |

## Additional Paid-in Capital | 56.7 m | 2.9 m | 1 m | 24.7 m | 27.7 m | 31.5 m | 41.5 m | 1.2 m | |

## Retained Earnings | 1.8 b | 1.9 b | 1.8 b | 1.8 b | 1.8 b | 1.9 b | 1.9 b | 2 b | 2 b |

## Total Equity | 1.9 b | 1.9 b | 1.8 b | 1.8 b | 1.8 b | 1.9 b | 1.9 b | 2 b | 2 b |

## Financial Leverage | 1.2 x | 1.3 x | 1.4 x | 1.4 x | 1.5 x | 1.4 x | 1.4 x | 1.4 x | 1.4 x |

USD | FY, 2013^{} | FY, 2014^{} | FY, 2015^{} | FY, 2016^{} |
---|---|---|---|---|

## Net Income | 448.6 m | 494.2 m | 516.4 m | 499.5 m |

## Depreciation and Amortization | 63.8 m | 72.1 m | 86.1 m | 103.5 m |

## Accounts Receivable | (52 m) | (63 m) | (21 m) | (40.5 m) |

## Inventories | (69 m) | (88 m) | (48 m) | (80.9 m) |

## Accounts Payable | 13.2 m | 12.5 m | 20.6 m | (17.2 m) |

## Cash From Operating Activities | 416.1 m | 499.4 m | 546.9 m | 514 m |

## Purchases of PP&E | (206.5 m) | (189.5 m) | (155.2 m) | (189.5 m) |

## Cash From Investing Activities | (201.8 m) | (188.8 m) | (180.6 m) | (188.1 m) |

## Cash From Financing Activities | (234.4 m) | (249.7 m) | (337.6 m) | (340.9 m) |

## Interest Paid | 6.2 m | |||

## Income Taxes Paid | (14.7 m) | 34.4 m | (26.6 m) | 15.5 m |

USD | Q3, 2014^{} | Q1, 2015^{} | Q2, 2015^{} | Q3, 2015^{} | Q1, 2016^{} | Q2, 2016^{} | Q3, 2016^{} | Q1, 2017^{} | Q2, 2017^{} |
---|---|---|---|---|---|---|---|---|---|

## Net Income | 375.8 m | 127.6 m | 140.4 m | 136.5 m | 126.2 m | 131.5 m | 126.9 m | 134.2 m | 148.9 m |

## Depreciation and Amortization | 53.5 m | 19.4 m | |||||||

## Accounts Receivable | (116.4 m) | (66.1 m) | |||||||

## Inventories | (52.3 m) | (5.2 m) | 876.7 m | 883.2 m | 965.1 m | 985.1 m | 966.9 m | 1 b | 1 b |

## Accounts Payable | 21.3 m | 28.3 m | 133.5 m | 132 m | 158.5 m | 158.7 m | 117.8 m | 129.7 m | 141.2 m |

## Cash From Operating Activities | 332.9 m | 180.1 m | |||||||

## Purchases of PP&E | (143.5 m) | (43.9 m) | |||||||

## Cash From Investing Activities | (139 m) | (42.3 m) | |||||||

## Cash From Financing Activities | (135.3 m) | (127.2 m) | |||||||

## Income Taxes Paid | 35 m | 59.2 m |

USD | Y, 2017 |
---|---|

## Revenue/Employee | 55.6 k |

## Financial Leverage | 1.4 x |

Source: 37 public H-1B filings from Fastenal