Fastenal Company (FAST)

Return on equity (ROE)

Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Net income US$ in thousands 1,155,000 1,086,900 925,000 859,100 790,900
Total stockholders’ equity US$ in thousands 3,348,800 3,163,200 3,042,200 2,733,200 2,665,600
ROE 34.49% 34.36% 30.41% 31.43% 29.67%

December 31, 2023 calculation

ROE = Net income ÷ Total stockholders’ equity
= $1,155,000K ÷ $3,348,800K
= 34.49%

Fastenal Co. has shown a consistent and healthy return on equity (ROE) over the past five years. The ROE has been steadily increasing from 29.67% in 2019 to 34.49% in 2023, reflecting the company's effectiveness in generating profits from shareholders' equity. This upward trend indicates that Fastenal Co. has been successful in utilizing its equity efficiently to generate earnings for its shareholders. The company's ability to maintain a ROE above 30% over the years suggests strong financial performance and effective management of resources. Overall, Fastenal Co.'s ROE performance demonstrates a positive outlook for the company's financial health and shareholder value.


Peer comparison

Dec 31, 2023

Company name
Symbol
ROE
Fastenal Company
FAST
34.49%
Sherwin-Williams Co
SHW
64.29%
Tractor Supply Company
TSCO
51.50%