Fastenal (FAST) Gross Margin (2009 - 2026)
Fastenal (FAST) recorded Gross Margin of 44.56% in Q2 2026, down 0.76 percentage points from 45.32% a year earlier and down 0.08 percentage points from the prior quarter.
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Analysis
Fastenal (FAST) Gross Margin (2009 - 2026) Analysis & Trends
On a TTM basis, Fastenal's Gross Margin came in at 44.70% as of Jun 30, 2026, down 0.36 percentage points year-over-year; for FY2025, it was 45.01%, down 0.07 percentage points from FY2024.
- Annual Gross Margin has declined for four straight years, with a five-year change of -0.46 percentage points (FY2020 to FY2025).
- Across earlier years, Gross Margin came in at 45.08% in FY2024 (-0.58 pp), 45.66% in FY2023 (-0.41 pp), 46.07% in FY2022 (-0.14 pp) and 46.20% in FY2021 (+0.73 pp).
- Quarterly Gross Margin has ranged from 44.33% in Q4 2025 to 46.55% in Q1 2022 over the past five years.
- On a year-over-year basis, Gross Margin has declined for three consecutive quarters, with an average year-over-year change of -0.39 percentage points over the last eight quarters.
- Peak year-over-year performance for Gross Margin in the last five years was a gain of 1.15 percentage points in Q1 2022, against a drop of 1.22 percentage points in Q4 2022 at the low end.
- Per Business Quant, the preceding three quarters came in at 44.64% (Q1 2026), 44.33% (Q4 2025) and 45.27% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.11 Bn | 57.09 Bn | 1.98 Bn | 39.51% |
| 2 | Fastenal | 57.94 Bn | 56.86 Bn | 1.06 Bn | 44.56% |
| 3 | Ferguson Enterprises | 44.13 Bn | 41.35 Bn | 2.32 Bn | 31.02% |
| 4 | Sunbelt Rentals Holdings | 30.69 Bn | 30.57 Bn | 1.25 Bn | 40.10% |
| 5 | Reliance | 20.00 Bn | 19.04 Bn | 1.30 Bn | 28.09% |
| 6 | Wesco International | 17.78 Bn | 15.09 Bn | 1.46 Bn | 21.85% |
| 7 | Applied Industrial Technologies | 12.42 Bn | 12.29 Bn | 411.22 Mn | 30.40% |
| 8 | Watsco | 11.14 Bn | 9.30 Bn | 578.93 Mn | 27.50% |
| 9 | Avantor | 10.34 Bn | 9.14 Bn | 537.00 Mn | 31.73% |
| 10 | Core & Main | 7.82 Bn | 7.12 Bn | 573.00 Mn | 26.71% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 44.56% |
| Mar 31, 2026 | 44.64% |
| Dec 31, 2025 | 44.33% |
| Sep 30, 2025 | 45.27% |
| Jun 30, 2025 | 45.32% |
| Mar 31, 2025 | 45.11% |
| Dec 31, 2024 | 44.85% |
| Sep 30, 2024 | 44.95% |
| Jun 30, 2024 | 45.06% |
| Mar 31, 2024 | 45.46% |
| Dec 31, 2023 | 45.46% |
| Sep 30, 2023 | 45.92% |
| Jun 30, 2023 | 45.54% |
| Mar 31, 2023 | 45.72% |
| Dec 31, 2022 | 45.32% |
| Sep 30, 2022 | 45.86% |
| Jun 30, 2022 | 46.53% |
| Mar 31, 2022 | 46.55% |
| Dec 31, 2021 | 46.54% |
| Sep 30, 2021 | 46.34% |
API Access
Fastenal Gross Margin 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=gross-margin&ticker=FAST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "gross-margin", "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=gross-margin&ticker=FAST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();