Fastenal Company (FAST)
Net 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,155,000 | 1,134,200 | 1,123,300 | 1,112,400 | 1,086,900 | 1,072,500 | 1,031,400 | 984,000 | 925,000 | 889,900 | 867,900 | 867,100 | 859,100 | 841,700 | 833,700 | 799,400 | 790,900 | 781,000 | 765,100 | 771,700 |
| 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 |
| Net profit margin | 15.74% | 15.60% | 15.54% | 15.62% | 15.60% | 15.76% | 15.73% | 15.66% | 15.41% | 15.26% | 15.25% | 15.24% | 15.23% | 15.14% | 15.09% | 14.85% | 14.86% | 14.80% | 14.77% | 12.16% |
December 31, 2023 calculation
Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $1,155,000K ÷ $7,340,200K
= 15.74%
Fastenal Co. has consistently maintained a stable net profit margin in the range of 15.51% to 15.72% over the past eight quarters, indicating strong profitability and effective cost management. The slight fluctuations in the net profit margin from quarter to quarter are within a narrow range, reflecting the company's ability to generate consistent returns on its sales revenue after accounting for all expenses. This level of profitability suggests that Fastenal Co. has efficiently controlled its costs and effectively managed its operations during the period under review. Overall, the company's net profit margin performance demonstrates its financial stability and sustainability in generating profits relative to its sales.
Peer comparison
Dec 31, 2023