Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

Fastenal's revenue growth could slow as its onsite and industrial vending strategy matures. Furthermore, we believe some competitors have already or will copy this model, which could result in faster market saturation.

Amazon Business and other e-commerce competition bring greater price transparency that could pressure industry profit margins.

Fastenal could continue to face gross margin headwinds as nonfastener sales, national accounts, and on-site programs become a larger part of its business. A continued mix shift toward nonfasteners could also dilute the firm’s differentiation.

Despite serving cyclical end markets, Fastenal’s business model generates strong free cash flow throughout the cycle. Fastenal is likely to continue to use its cash flow to fund a shareholder-friendly capital allocation strategy.

Fastenal can capitalize on its national scale, broad product portfolio, and inventory-management services to take market share from smaller and less capable distributors.

Vending and on-site programs should provide a long growth runway for Fastenal. 

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Fastenal

Why Robinhood?

About FAST

Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores.

FAST Key Statistics

Analyst ratings

68%

Fastenal

Why Robinhood?

Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores. Show more

FAST Key Statistics

Analyst ratings

68%

Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores.