Fastenal Company (FAST)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 1,510,000 | 1,528,700 | 1,453,600 | 1,217,400 | 1,141,800 |
| Revenue | US$ in thousands | 7,549,800 | 7,340,200 | 6,965,200 | 6,002,300 | 5,639,000 |
| Operating profit margin | 20.00% | 20.83% | 20.87% | 20.28% | 20.25% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $1,510,000K ÷ $7,549,800K
= 20.00%
Fastenal Company has exhibited a relatively stable operating profit margin over the past five years, ranging from 20.00% to 20.87%. The company's operating profit margin increased slightly from 20.25% in December 2020 to 20.28% in December 2021 before reaching its peak at 20.87% by December 2022. However, there was a slight decrease to 20.83% by December 2023, followed by a further decline to 20.00% by December 2024. Overall, Fastenal Company has maintained a healthy operating profit margin throughout this period, suggesting efficient cost management and profitability in its operations.
Peer comparison
Dec 31, 2024