Fastenal Company (FAST)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,528,700 | 1,453,600 | 1,217,400 | 1,141,800 | 1,057,200 |
| Revenue | US$ in thousands | 7,340,200 | 6,965,200 | 6,002,300 | 5,639,000 | 5,321,000 |
| Operating profit margin | 20.83% | 20.87% | 20.28% | 20.25% | 19.87% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,528,700K ÷ $7,340,200K
= 20.83%
Fastenal Co.'s operating profit margin has shown consistent performance over the past 5 years, ranging from 19.80% to 20.82%. The company has maintained a strong operating profit margin, with the most recent figure for 2023 standing at 20.81%. This indicates that Fastenal Co. has been effectively managing its operating expenses in relation to its revenue generation. The stability and slight improvement in the operating profit margin over the years suggests that the company has a good control over its costs and is efficiently maximizing its operating income. Overall, Fastenal Co. appears to have a healthy operational efficiency based on its operating profit margin performance.
Peer comparison
Dec 31, 2023