Fastenal Company (FAST)
Profitability ratios
Return on sales
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit margin | 45.07% | 45.22% | 45.48% | 45.62% | 45.70% | 45.70% | 45.70% | 45.94% | 46.17% | 46.45% | 46.58% | 46.58% | 46.27% | 46.02% | 45.76% | 45.23% | 45.52% | 45.82% | 46.31% | 46.96% |
| Operating profit margin | 20.01% | 20.31% | 20.47% | 20.68% | 20.83% | 20.73% | 20.76% | 20.90% | 20.87% | 20.89% | 20.75% | 20.61% | 20.28% | 20.26% | 20.26% | 20.22% | 20.24% | 20.08% | 20.06% | 19.82% |
| Pretax margin | 19.98% | 20.29% | 20.44% | 20.63% | 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% |
| Net profit margin | 15.24% | 15.44% | 15.54% | 15.69% | 15.74% | 15.60% | 15.54% | 15.62% | 15.60% | 15.76% | 15.73% | 15.66% | 15.41% | 15.26% | 15.25% | 15.24% | 15.23% | 15.14% | 15.09% | 14.85% |
Based on the provided data, Fastenal Company's profitability ratios have shown varying trends over time.
1. Gross Profit Margin: Fastenal's gross profit margin has been relatively stable, ranging from 45.22% to 46.58% over the past few years. This indicates that the company has been effectively managing its production costs and pricing strategies to maintain a healthy level of profitability on its sales.
2. Operating Profit Margin: The operating profit margin has shown some fluctuations, ranging from 19.82% to 20.89% during the observed period. This suggests that while Fastenal has been able to effectively control its operating expenses, there have been slight variations in its operational efficiency.
3. Pre-tax Margin: Fastenal's pre-tax margin has generally improved over time, with an increase from 19.61% to 20.73% from March 2020 to December 2023, before slightly decreasing to 19.98% by December 2024. This indicates that the company has been successful in generating higher earnings before taxes relative to its total revenue.
4. Net Profit Margin: The net profit margin has also exhibited a positive trend overall, increasing from 14.85% to 15.74% from March 2020 to December 2023, before decreasing slightly to 15.24% by December 2024. This demonstrates that Fastenal has been able to effectively manage its total expenses and taxes to generate healthy net earnings relative to its revenue.
In conclusion, Fastenal Company has maintained a consistent gross profit margin, while showing some fluctuations in operating profit margin. However, the company has demonstrated improvements in pre-tax margin and net profit margin over the years, indicating overall sound financial performance.
Return on investment
| Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating return on assets (Operating ROA) | 32.14% | 32.06% | 32.97% | 33.66% | 34.25% | 32.80% | 32.78% | 32.53% | 31.95% | 30.72% | 29.63% | 28.99% | 28.32% | 27.97% | 27.66% | 28.24% | 28.80% | 27.17% | 27.12% | 27.12% |
| Return on assets (ROA) | 24.49% | 24.37% | 25.03% | 25.54% | 25.88% | 24.67% | 24.54% | 24.30% | 23.90% | 23.18% | 22.46% | 22.03% | 21.52% | 21.08% | 20.83% | 21.28% | 21.67% | 20.49% | 20.41% | 20.32% |
| Return on total capital | 40.40% | 40.91% | 42.05% | 42.18% | 43.19% | 41.18% | 41.94% | 42.92% | 41.35% | 39.87% | 39.01% | 37.31% | 36.10% | 35.85% | 35.52% | 36.53% | 36.87% | 34.35% | 34.77% | 34.36% |
| Return on equity (ROE) | 31.82% | 32.10% | 32.96% | 33.76% | 34.49% | 32.72% | 33.23% | 34.01% | 34.36% | 33.93% | 32.45% | 31.32% | 30.41% | 30.02% | 30.13% | 31.12% | 31.43% | 29.17% | 29.96% | 30.09% |
Fastenal Company has shown a consistent improvement in its profitability ratios over the past few years.
The Operating Return on Assets (Operating ROA) has been steadily increasing from 27.12% in March 2020 to 34.25% in December 2023, with a slight dip to 32.14% by the end of December 2024. This indicates that the company has been effectively generating operating income relative to its total assets.
Similarly, the Return on Assets (ROA) has also shown an upward trend, from 20.32% in March 2020 to 24.49% in December 2024. This suggests that Fastenal has been efficiently utilizing its assets to generate profits for its shareholders.
The Return on Total Capital has seen a notable growth, rising from 34.36% in March 2020 to 40.40% by December 2024. This indicates that the company has been generating strong returns in proportion to its total capital employed.
Lastly, the Return on Equity (ROE) has shown a fluctuating pattern but remains relatively strong, ranging from 29.17% in September 2020 to 34.49% in December 2023, before settling at 31.82% by the end of December 2024. This demonstrates that Fastenal has been efficient in generating returns for its equity investors.
Overall, Fastenal Company's profitability ratios reflect a positive trend, indicating effective management of assets, capital, and equity to generate sustainable profits over the years.