Fastenal Company (FAST)
Gross profit margin
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 3,354,500 | 3,323,500 | 3,302,400 | 3,272,500 | 3,215,800 | 3,160,300 | 3,054,000 | 2,927,100 | 2,777,200 | 2,683,100 | 2,603,500 | 2,574,400 | 2,567,800 | 2,547,400 | 2,557,900 | 2,527,500 | 2,515,400 | 2,504,800 | 2,469,500 | 2,446,000 |
| Revenue (ttm) | US$ in thousands | 7,340,200 | 7,272,600 | 7,226,700 | 7,122,900 | 6,965,300 | 6,804,100 | 6,556,500 | 6,284,600 | 6,001,600 | 5,830,100 | 5,690,000 | 5,691,200 | 5,641,200 | 5,560,100 | 5,523,900 | 5,382,800 | 5,323,200 | 5,277,900 | 5,179,500 | 6,347,500 |
| Gross profit margin | 45.70% | 45.70% | 45.70% | 45.94% | 46.17% | 46.45% | 46.58% | 46.58% | 46.27% | 46.02% | 45.76% | 45.23% | 45.52% | 45.82% | 46.31% | 46.96% | 47.25% | 47.46% | 47.68% | 38.53% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $3,354,500K ÷ $7,340,200K
= 45.70%
Fastenal Co.'s gross profit margin has exhibited relative stability over the past eight quarters, ranging between 45.61% and 46.49%. The margins have generally remained above 45%, indicating the company's ability to effectively manage its cost of goods sold and generate profit from its sales. Despite a slight decrease in the most recent quarter compared to the previous quarter, the fluctuation is relatively modest and may be attributed to various factors such as changes in pricing strategies, input costs, or sales mix. Overall, Fastenal Co. has maintained a healthy gross profit margin, reflecting its operational efficiency and competitive positioning in the market.
Peer comparison
Dec 31, 2023