Fastenal Company (FAST)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,522,000 | 1,440,000 | 1,207,800 | 1,132,700 | 1,043,700 |
| Revenue | US$ in thousands | 7,340,200 | 6,965,200 | 6,002,300 | 5,639,000 | 5,321,000 |
| Pretax margin | 20.74% | 20.67% | 20.12% | 20.09% | 19.61% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $1,522,000K ÷ $7,340,200K
= 20.74%
Fastenal Co.'s pretax margin has shown a consistent upward trend over the past five years, reflecting the company's ability to effectively manage its operating expenses relative to its revenue. The pretax margin increased from 19.57% in 2019 to 20.72% in 2023, indicating improving operational efficiency and cost control measures. This trend suggests that Fastenal Co. has been able to maintain a healthy level of profitability before accounting for taxes. Overall, the company's pretax margin performance demonstrates stability and potential for sustained profitability in its operations.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Fastenal Company
FAST
20.74%
Sherwin-Williams Co
SHW
13.78%
Tractor Supply Company
TSCO
9.84%