Fastenal Company (FAST)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 3,401,900 | 3,354,500 | 3,215,800 | 2,777,200 | 2,567,800 |
| Revenue | US$ in thousands | 7,549,800 | 7,340,200 | 6,965,200 | 6,002,300 | 5,639,000 |
| Gross profit margin | 45.06% | 45.70% | 46.17% | 46.27% | 45.54% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $3,401,900K ÷ $7,549,800K
= 45.06%
Fastenal Company's gross profit margin has shown a general trend of stability and slight improvement over the analyzed period. Starting at 45.54% on December 31, 2020, it gradually increased to 46.27% by December 31, 2021. There was a slight drop to 46.17% by December 31, 2022, followed by a further decline to 45.70% by December 31, 2023. The margin decreased again to 45.06% by December 31, 2024. Overall, Fastenal has maintained a solid gross profit margin above 45%, indicating efficient cost management and strong pricing strategies, despite some fluctuations in recent years. Further analysis of operating expenses and pricing strategies could provide insights into the factors influencing these fluctuations.
Peer comparison
Dec 31, 2024