Fastenal Company (FAST)
Pretax 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) (ttm) | US$ in thousands | 1,521,900 | 1,495,900 | 1,485,800 | 1,473,900 | 1,439,900 | 1,410,200 | 1,351,000 | 1,285,500 | 1,207,700 | 1,171,400 | 1,142,900 | 1,141,400 | 1,132,700 | 1,106,900 | 1,097,700 | 1,055,400 | 1,043,700 | 1,037,100 | 1,018,100 | 1,012,600 |
| 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 |
| Pretax margin | 20.73% | 20.57% | 20.56% | 20.69% | 20.67% | 20.73% | 20.61% | 20.45% | 20.12% | 20.09% | 20.09% | 20.06% | 20.08% | 19.91% | 19.87% | 19.61% | 19.61% | 19.65% | 19.66% | 15.95% |
December 31, 2023 calculation
Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $1,521,900K ÷ $7,340,200K
= 20.73%
The pretax margin of Fastenal Co. has been relatively stable over the past eight quarters, ranging from 20.41% to 20.72%. This indicates that the company has been effectively managing its operating expenses in relation to its pre-tax income. The slight fluctuations in the pretax margin suggest that Fastenal Co. has maintained consistent profitability and cost control measures throughout the periods analyzed. Overall, the company's ability to sustain a pretax margin consistently above 20% reflects its operational efficiency and financial stability.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Fastenal Company
FAST
20.73%
Sherwin-Williams Co
SHW
13.79%
Tractor Supply Company
TSCO
9.84%