Fastenal (FAST) Gross Margin (2009 - 2026)
Fastenal (FAST) recorded Gross Margin of 44.85% in Q3 2026, down 0.43 percentage points from 45.27% a year earlier but up 0.29 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 44.61% as of Sep 30, 2026, down 0.54 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 four consecutive quarters, with an average year-over-year change of -0.32 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 44.56% (Q2 2026), 44.64% (Q1 2026) and 44.33% (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | United Rentals | 73.34 Bn | 72.46 Bn | 2.05 Bn | 41.81% |
| 2 | W.W. Grainger | 65.22 Bn | 62.82 Bn | 1.98 Bn | 39.51% |
| 3 | Fastenal | 60.31 Bn | 59.31 Bn | 1.10 Bn | 44.85% |
| 4 | Ferguson Enterprises | 46.98 Bn | 44.19 Bn | 2.32 Bn | 31.02% |
| 5 | Sunbelt Rentals Holdings | 34.35 Bn | 34.23 Bn | 1.25 Bn | 40.10% |
| 6 | Reliance | 22.84 Bn | 21.89 Bn | 1.45 Bn | 27.89% |
| 7 | Wesco International | 16.33 Bn | 13.38 Bn | 1.57 Bn | 21.67% |
| 8 | Watsco | 12.05 Bn | 12.05 Bn | 586.29 Mn | - |
| 9 | Applied Industrial Technologies | 10.95 Bn | 10.83 Bn | 392.21 Mn | 30.38% |
| 10 | Avantor | 10.57 Bn | 9.16 Bn | 534.80 Mn | 31.49% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 44.85% |
| 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% |
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();