Fastenal Company (FAST)
Pretax margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 1,508,100 | 1,522,000 | 1,440,000 | 1,207,800 | 1,132,700 |
| Revenue | US$ in thousands | 7,549,800 | 7,340,200 | 6,965,200 | 6,002,300 | 5,639,000 |
| Pretax margin | 19.98% | 20.74% | 20.67% | 20.12% | 20.09% |
December 31, 2024 calculation
Pretax margin = EBT ÷ Revenue
= $1,508,100K ÷ $7,549,800K
= 19.98%
The pretax margin of Fastenal Company has shown a steady increase from 20.09% as of December 31, 2020, to 20.74% as of December 31, 2023. This indicates that the company has been effectively managing its expenses relative to its revenue, resulting in improved profitability before taxes over this period. However, there was a slight decrease in the pretax margin to 19.98% as of December 31, 2024, which may warrant further investigation into potential factors impacting the company's profitability in that particular year. Overall, the trend suggests solid financial management and operational efficiency by Fastenal Company over the analyzed period.
Peer comparison
Dec 31, 2024