Fastenal Company (FAST)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 1,150,600 | 1,154,900 | 1,152,300 | 1,157,600 | 1,155,000 | 1,134,200 | 1,123,300 | 1,112,400 | 1,086,900 | 1,072,500 | 1,031,400 | 984,000 | 925,000 | 889,900 | 867,900 | 867,100 | 859,100 | 841,700 | 833,700 | 799,400 |
| Total stockholders’ equity | US$ in thousands | 3,616,300 | 3,597,400 | 3,495,600 | 3,429,200 | 3,348,800 | 3,466,600 | 3,380,800 | 3,270,600 | 3,163,200 | 3,161,200 | 3,178,700 | 3,142,000 | 3,042,200 | 2,964,700 | 2,880,800 | 2,786,700 | 2,733,200 | 2,885,600 | 2,783,000 | 2,656,600 |
| 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% |
December 31, 2024 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $1,150,600K ÷ $3,616,300K
= 31.82%
Fastenal Company's return on equity (ROE) has shown a fluctuating trend over the past few years. It started at 30.09% as of March 31, 2020, and remained in the high 20s to low 30s percentage range until December 31, 2021, where it peaked at 34.36%. However, there was a slight decrease to 31.82% by December 31, 2024.
Overall, Fastenal's ROE indicates that the company has been effectively utilizing its shareholders' equity to generate profits during the period under review. However, the decrease towards the end of the period could be a point of concern and may warrant further analysis to understand the underlying factors affecting the company's profitability and efficiency in utilizing its equity.
Peer comparison
Dec 31, 2024