Fastenal Company (FAST)
Net profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 1,150,600 | 1,155,000 | 1,086,900 | 925,000 | 859,100 |
| Revenue | US$ in thousands | 7,549,800 | 7,340,200 | 6,965,200 | 6,002,300 | 5,639,000 |
| Net profit margin | 15.24% | 15.74% | 15.60% | 15.41% | 15.23% |
December 31, 2024 calculation
Net profit margin = Net income ÷ Revenue
= $1,150,600K ÷ $7,549,800K
= 15.24%
The net profit margin of Fastenal Company has shown consistent stability and positive performance over the past five years. Starting at 15.23% on December 31, 2020, the net profit margin has steadily increased to reach 15.24% by December 31, 2024, with minor fluctuations in between. This indicates that the company has maintained an effective control over its costs and expenses in relation to its revenue, resulting in a healthy margin of profit retained from sales. Overall, Fastenal Company has demonstrated a commendable ability to generate profits relative to its total revenue, showcasing operational efficiency and financial health.
Peer comparison
Dec 31, 2024