Fastenal (FAST) Operating Leases (2019 - 2026)
Fastenal (FAST) reported Operating Leases of $238.2 million for Q3 2026, up 10.5% from $215.5 million a year earlier and up 11.0% from the prior quarter.
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Analysis
Fastenal (FAST) Operating Leases (2019 - 2026) Analysis & Trends
At the end of FY2025, Fastenal posted Operating Leases of $210.8 million, up 13.0% from FY2024.
- Operating Leases has increased for three consecutive years, with a five-year compound annual growth rate of 6.8% (FY2020 to FY2025).
- By year, Operating Leases came in at $186.6 million in FY2024 (+4.4%), $178.8 million in FY2023 (+15.2%), $155.2 million in FY2022 (-0.5%) and $156 million in FY2021 (+3.0%).
- The Q3 2026 figure ranks as the highest quarterly Operating Leases in data going back to Q1 2019.
- Year over year, Operating Leases has now increased in each of the last 14 quarters, with growth averaging 9.3% over the last eight quarters.
- The high point for year-over-year Operating Leases in five years was Q1 2024 (growth of 18.7%); the low point was Q1 2023 (a decline of 1.8%).
- Per Business Quant data, the three quarters before Q3 2026 came in at $214.5 million (Q2 2026), $214.4 million (Q1 2026) and $210.8 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | W.W. Grainger | 67.67 Bn | 65.03 Bn | 2.01 Bn |
| 2 | United Rentals | 65.48 Bn | 64.60 Bn | 2.05 Bn |
| 3 | Fastenal | 60.80 Bn | 59.80 Bn | 1.10 Bn |
| 4 | Ferguson Enterprises | 45.51 Bn | 42.73 Bn | 2.32 Bn |
| 5 | Sunbelt Rentals Holdings | 31.50 Bn | 31.38 Bn | 1.25 Bn |
| 6 | Reliance | 21.26 Bn | 20.31 Bn | 1.45 Bn |
| 7 | Wesco International | 14.25 Bn | 11.29 Bn | 1.57 Bn |
| 8 | Watsco | 11.59 Bn | 9.28 Bn | 578.93 Mn |
| 9 | Avantor | 10.49 Bn | 9.07 Bn | 534.80 Mn |
| 10 | Applied Industrial Technologies | 10.39 Bn | 10.28 Bn | 392.21 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 238.20 Mn |
| Jun 30, 2026 | 214.50 Mn |
| Mar 31, 2026 | 214.40 Mn |
| Dec 31, 2025 | 210.80 Mn |
| Sep 30, 2025 | 215.50 Mn |
| Jun 30, 2025 | 209.10 Mn |
| Mar 31, 2025 | 194.40 Mn |
| Dec 31, 2024 | 186.60 Mn |
| Sep 30, 2024 | 187.60 Mn |
| Jun 30, 2024 | 183.00 Mn |
| Mar 31, 2024 | 186.00 Mn |
| Dec 31, 2023 | 178.80 Mn |
| Sep 30, 2023 | 181.90 Mn |
| Jun 30, 2023 | 173.30 Mn |
| Mar 31, 2023 | 156.70 Mn |
| Dec 31, 2022 | 155.20 Mn |
| Sep 30, 2022 | 161.20 Mn |
| Jun 30, 2022 | 165.50 Mn |
| Mar 31, 2022 | 159.60 Mn |
| Dec 31, 2021 | 156.00 Mn |
API Access
Fastenal Operating Leases 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=operating-leases&ticker=FAST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "operating-leases", "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=operating-leases&ticker=FAST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();