Fastenal (FAST) Asset Utilization Ratio (2009 - 2026)
Fastenal's (FAST) Asset Utilization Ratio was 1.68 for Q3 2026, up 6.6% from 1.58 a year earlier and up 1.0% from the prior quarter.
Powered by 
Analysis
Fastenal (FAST) Asset Utilization Ratio (2009 - 2026) Analysis & Trends
Dating back to Q3 2009, Fastenal's Asset Utilization Ratio record includes 69 quarters.
- Asset Utilization Ratio has increased for four consecutive years.
- By year, Asset Utilization Ratio came in at 1.65 in FY2024 (+1.0%), 1.63 in FY2023 (+3.3%), 1.58 in FY2022 (+8.5%) and 1.45 in FY2021 (unchanged).
- The Q3 2026 figure ranks as the highest quarterly Asset Utilization Ratio since Q1 2013.
- Year over year, Asset Utilization Ratio has now increased in each of the last four quarters, with growth averaging 1.0% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was Q2 2023 (growth of 9.1%); the low point was Q2 2025 (a decline of 3.1%).
- Per Business Quant data, the three quarters before Q3 2026 came in at 1.67 (Q2 2026), 1.65 (Q1 2026) and 1.61 (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 70.32 Bn | 69.44 Bn | 2.05 Bn | 0.55 |
| 2 | W.W. Grainger | 68.06 Bn | 65.42 Bn | 2.01 Bn | 1.96 |
| 3 | Fastenal | 62.73 Bn | 61.73 Bn | 1.10 Bn | 1.68 |
| 4 | Ferguson Enterprises | 50.77 Bn | 47.99 Bn | 2.32 Bn | 1.77 |
| 5 | Sunbelt Rentals Holdings | 33.62 Bn | 33.50 Bn | 1.25 Bn | 0.50 |
| 6 | Reliance | 21.51 Bn | 20.57 Bn | 1.45 Bn | 1.52 |
| 7 | Wesco International | 15.41 Bn | 12.46 Bn | 1.57 Bn | 1.42 |
| 8 | Watsco | 12.14 Bn | 9.83 Bn | 578.93 Mn | 1.50 |
| 9 | Applied Industrial Technologies | 10.93 Bn | 10.82 Bn | 392.21 Mn | 1.69 |
| 10 | Avantor | 10.79 Bn | 9.37 Bn | 534.80 Mn | 0.57 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 1.68 |
| Jun 30, 2026 | 1.67 |
| Mar 31, 2026 | 1.65 |
| Dec 31, 2025 | 1.61 |
| Sep 30, 2025 | 1.58 |
| Jun 30, 2025 | 1.57 |
| Mar 31, 2025 | 1.59 |
| Dec 31, 2024 | 1.60 |
| Sep 30, 2024 | 1.60 |
| Jun 30, 2024 | 1.62 |
| Mar 31, 2024 | 1.64 |
| Dec 31, 2023 | 1.62 |
| Sep 30, 2023 | 1.59 |
| Jun 30, 2023 | 1.58 |
| Mar 31, 2023 | 1.56 |
| Dec 31, 2022 | 1.52 |
| Sep 30, 2022 | 1.48 |
| Jun 30, 2022 | 1.45 |
| Mar 31, 2022 | 1.44 |
| Dec 31, 2021 | 1.41 |
API Access
Fastenal Asset Utilization Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FAST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "ticker": "FAST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=asset-utilization-ratio&ticker=FAST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();