Fastenal (FAST) Operating Margin (2009 - 2026)
Fastenal (FAST) reported Operating Margin of 20.33% for Q1 2026, up 23.0% on a YoY basis from 16.53% in Q1 2025, and up 7.25% quarter-over-quarter from 18.96% in Q4 2025.
Fastenal (FAST) Operating Margin (2009 - 2026) Analysis & Trends
Fastenal has reported Operating Margin for 18 years, with the latest figure at 20.33% in Q1 2026.
- For the quarter ending Q1 2026, Operating Margin rose 23.0% year-over-year to 20.33%; the trailing twelve-month figure through Mar 2026 stood at 20.25% (up 36.0% YoY), and the FY2025 full-year result was 20.19%, up 18.0% from the prior year.
- Operating Margin for Q1 2026 stood at 20.33%, up from 18.96% in the prior quarter.
- The five-year high for Operating Margin was 21.56% in Q2 2022, with the low at 18.9% in Q4 2024.
- Historically, Operating Margin has averaged 20.44% across 5 years, with a median of 20.59% in 2024.
- Annual changes were most pronounced in 2022 — Operating Margin surged 123 bps — and 2024, when it plunged 122 bps.
- Fastenal's Operating Margin stood at 19.63% in 2022, then advanced by 2 bps to 20.12% in 2023, then dropped by 6 bps to 18.9% in 2024, then grew by 0 bps to 18.96% in 2025, then gained by 7 bps to 20.33% in 2026.
- The last three Operating Margin figures came in at 20.33% (Q1 2026), 18.96% (Q4 2025), and 20.7% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 63.64 Bn | 63.46 Bn | 1.75 Bn | 14.33% |
| 2 | Fastenal | 53.18 Bn | 52.87 Bn | 982.90 Mn | 20.33% |
| 3 | Ferguson Enterprises | 45.51 Bn | 44.69 Bn | 2.32 Bn | 8.19% |
| 4 | Wesco International | 17.33 Bn | 16.62 Bn | 1.29 Bn | 4.83% |
| 5 | Watsco | 14.65 Bn | 14.51 Bn | 427.56 Mn | 7.19% |
| 6 | Qxo | 12.24 Bn | 9.19 Bn | 409.30 Mn | -14.56% |
| 7 | Applied Industrial Technologies | 11.99 Bn | 11.82 Bn | 380.80 Mn | 11.02% |
| 8 | Core & Main | 9.98 Bn | 9.84 Bn | 428.00 Mn | 7.46% |
| 9 | Pool | 7.00 Bn | 6.92 Bn | 329.87 Mn | 7.26% |
| 10 | Msc Industrial Direct | 6.54 Bn | 6.49 Bn | 377.59 Mn | 7.06% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 20.33% |
| Dec 31, 2025 | 18.96% |
| Sep 30, 2025 | 20.70% |
| Jun 30, 2025 | 20.96% |
| Mar 31, 2025 | 20.10% |
| Dec 31, 2024 | 18.90% |
| Sep 30, 2024 | 20.32% |
| Jun 30, 2024 | 20.19% |
| Mar 31, 2024 | 20.59% |
| Dec 31, 2023 | 20.12% |
| Sep 30, 2023 | 20.95% |
| Jun 30, 2023 | 20.97% |
| Mar 31, 2023 | 21.15% |
| Dec 31, 2022 | 19.63% |
| Sep 30, 2022 | 21.04% |
| Jun 30, 2022 | 21.56% |
| Mar 31, 2022 | 21.01% |
| Dec 31, 2021 | 19.64% |
| Sep 30, 2021 | 20.49% |
| Jun 30, 2021 | 21.08% |