Fastenal Co.
- FAST ยท Nasdaq
- Retail-Building Materials, Hardware, Garden Supply
- Winona, MN
- 24,489 employees
- CIK 0000815556
Updated from SEC filings through
Top things to know
Executives
- Daniel L. Florness Chief Executive Officer 10-K, 2026-02-05
-
Jeffery M. Watts chief executive officer 10-K, 2026-02-05 -
Max H. Tunnicliff Chief Executive Officer (Principal Executive Officer) and Director 10-K, 2026-02-05 - Max Hughes Tunnicliff CFO and Senior EVP 4, 2026-01-06
-
Donnalee K. Papenfuss Executive Vice President, Strategy and Communications 10-K, 2026-02-05 -
John L. Soderberg Senior Executive Vice President, Information Technology 10-K, 2026-02-05
Fastenal Co is a U.S. public company in retail-building materials, hardware, garden supply (SIC 5200), headquartered in Winona, MN. It trades as FAST on Nasdaq. Revenue was $8.2B in the fiscal year ending December 31, 2025, +8.7% from the year before. It reported about 24,489 employees. Daniel L. Florness is Chief Executive Officer.
Five-year financials
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $8.2B 10-K, 2026-02-05 | $7.5B 10-K, 2026-02-05 | $7.3B 10-K, 2026-02-05 | $7.0B 10-K, 2025-02-06 | $6.0B 10-K, 2024-02-06 |
| Operating income | $1.7B 10-K, 2026-02-05 | $1.5B 10-K, 2026-02-05 | $1.5B 10-K, 2026-02-05 | $1.5B 10-K, 2025-02-06 | $1.2B 10-K, 2024-02-06 |
| SG&A | $2.0B 10-K, 2026-02-05 | $1.9B 10-K, 2026-02-05 | $1.8B 10-K, 2026-02-05 | $1.8B 10-K, 2025-02-06 | $1.6B 10-K, 2024-02-06 |
| Net income | $1.3B 10-K, 2026-02-05 | $1.2B 10-K, 2026-02-05 | $1.2B 10-K, 2026-02-05 | $1.1B 10-K, 2025-02-06 | $925M 10-K, 2024-02-06 |
Annual figures from XBRL in each company's own filings. Click a figure to open the filing. SG&A marked derived is general and administrative plus selling and marketing.
Leadership and board
| Name | Title | Source |
|---|---|---|
| Brady D. Ericson | Board member (per proxy) bio: President and Chief Executive Officer of PHINIA Inc. | DEF 14A, 2026-02-25 |
| Daniel L. Johnson | Board member (per proxy) bio: Retired Chief Executive Officer, M.A. Mortenson Company | DEF 14A, 2026-02-25 |
| Daniel L. Florness Chief Executive Officer at Fastenal | Chief Executive Officer | 10-K, 2026-02-05 |
| Jeffery M. Watts | chief executive officer | 10-K, 2026-02-05 |
| Max H. Tunnicliff Chief Financial Officer, Fastenal | Chief Executive Officer (Principal Executive Officer) and Director | 10-K, 2026-02-05 |
| Michael J. Ancius | Board member (per proxy) bio: vice president and chief financial officer | DEF 14A, 2026-02-25 |
| Sarah N. Nielsen | Board member (per proxy) bio: Chief Financial Officer of First Citizens Bank | DEF 14A, 2026-02-25 |
| Max Hughes Tunnicliff | CFO and Senior EVP | 4, 2026-01-06 |
| Irene A. Quarshie | Board member (per proxy) bio: Senior Vice President of Global Supply Chain and Logistics for Target Corporation | DEF 14A, 2026-02-25 |
| Jefferey M. Watts | Named in proxy bio: president and chief sales officer | DEF 14A, 2026-02-25 |
| Reyne K. Wisecup | Board member (per proxy) bio: Retired Senior Executive Vice President - Human Resources of Fastenal Company | DEF 14A, 2026-02-25 |
| Stephen L. Eastman | Board member (per proxy) bio: president of the aftermarket, parts, garments, and accessories (PG&A) division | DEF 14A, 2026-02-25 |
| Donnalee K. Papenfuss Strategy and Communications | Executive Vice President, Strategy and Communications | 10-K, 2026-02-05 |
| John L. Soderberg | Senior Executive Vice President, Information Technology | 10-K, 2026-02-05 |
 Noelle J. Oas Executive Vice President - Human Resources at Fastenal | Executive Vice President, Human Resources | 10-K, 2026-02-05 |
 Sheryl A. Lisowski | Executive Vice President, Chief Accounting Officer and Treasurer | 10-K, 2026-02-05 |
What Fastenal Co does
Fastenal began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968. We opened our first branch in 1967 in Winona, Minnesota, a city with a population today of approximately 26,000. We began with a marketing strategy of supplying threaded fasteners to customers through a branch network in small, medium, and, in subsequent years, large cities. Over time, how and where we engage our customers has expanded and evolved.
Item 1. Business, 10-K for the year ending December 31, 2025
Shares and governance
| Shares outstanding | 1.15 billion (as of October 13, 2026) | 10-Q, October 19, 2026 |
|---|---|---|
| Public float | $48.1B (as of June 30, 2025) | 10-K, February 5, 2026 |
| Reportable segments | 1 (period ending September 30, 2026) | 10-Q, October 19, 2026 |
| Latest proxy statement | Meeting December 31, 2025 (filed February 25, 2026) | DEF 14A, February 25, 2026 |
| Auditor | PricewaterhouseCoopers LLP (Minneapolis, MN) | Latest 10-K |
Insider trades
Open-market buys and sales by officers and directors, from Forms 4 and 5. One row per filing.
| Date | Insider | Trade | Shares | Value | Source |
|---|---|---|---|---|---|
| August 13, 2026 | Donnalee Kathleen Papenfuss EVP-Strategy and Communication | Sale | 9,258 | $476K | Form 4, August 17, 2026 |
| August 10, 2026 | Michael J. Ancius Director | Sale | 3,000 | $156K | Form 4, August 11, 2026 |
| August 5, 2026 | Rita J. Heise Director | Sale | 34,964 | $1.7M | Form 4, August 6, 2026 |
| July 28, 2026 | Michael J. Ancius Director | Sale | 3,000 | $147K | Form 4, July 29, 2026 |
| March 5, 2026 | Reyne K. Wisecup Director | Sale | 36,920 | $1.7M | Form 4, March 6, 2026 |
| January 23, 2026 | Scott Satterlee Director | Sale | 15,964 | $705K | Form 4, January 27, 2026 |
| November 19, 2025 | Sarah N. Nielsen Director | Buy | 1,000 | $40K | Form 4, November 20, 2025 |
| November 17, 2025 | Daniel L. Johnson Director | Buy | 1,000 | $40K | Form 4, November 21, 2025 |
Recent 8-K events
- 8-K filed 2026-10-14
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-07-14
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-06-23
- Item 1.01 Entry into a material definitive agreement
- Item 2.03 Creation of a direct financial obligation
- 8-K filed 2026-06-12
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-04-29
- Item 5.02 Departure or appointment of directors or officers; compensation
- 8-K filed 2026-04-24
- Item 5.07 Submission of matters to a vote of security holders
- 8-K filed 2026-04-13
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2026-01-20
- Item 2.02 Results of operations and financial condition (earnings release)
- 8-K filed 2025-12-22
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
- 8-K filed 2025-11-03
- Item 5.02 Departure or appointment of directors or officers; compensation
- Item 7.01 Regulation FD disclosure
Frequently asked questions about Fastenal Co
- What does Fastenal Co do?
- In its own words, from Item 1 of its 10-K: "Fastenal began as a partnership in 1967, and was incorporated under the laws of Minnesota in 1968. We opened our first branch in 1967 in Winona, Minnesota, a city with a population today of approximately 26,000. We began with a marketing strategy of supplying threaded fasteners to customers through a branch network in small, medium, and, in subsequent years, large cities. Over time, how and where we engage our customers has expanded and evolved."
- What is Fastenal Co's revenue?
- $8.2B for the fiscal year ending December 31, 2025, from its 10-K filed February 5, 2026.
- Is Fastenal Co profitable?
- Fastenal Co reported net income of $1.3B for the fiscal year ending December 31, 2025.
- How many employees does Fastenal Co have?
- About 24,489 as of December 31, 2025, as stated in its annual report.
- Who is the CEO of Fastenal Co?
- Daniel L. Florness, Chief Executive Officer, as named in a 10-K filed February 5, 2026.
- Who is the CFO of Fastenal Co?
- Max Hughes Tunnicliff, CFO and Senior EVP, as named in a 4 filed January 6, 2026.
- Where is Fastenal Co headquartered?
- Winona, MN.
- What is Fastenal Co's stock ticker?
- FAST on Nasdaq.
- What industry is Fastenal Co in?
- Retail-Building Materials, Hardware, Garden Supply, SIC code 5200.
- What is Fastenal Co's website?
- fastenal.com. Investor relations: https://investor.fastenal.com/investor-overview/default.aspx.
- When does Fastenal Co report earnings next?
- January 19, 2027. Source: ir_events_fc.
- Is Fastenal Co a public company?
- Yes. Fastenal Co files with the SEC under CIK 0000815556 and trades as FAST.
- Who audits Fastenal Co?
- PricewaterhouseCoopers LLP, Minneapolis, MN, as named in its latest annual report (10-K).
- How many shares of Fastenal Co are outstanding?
- 1.15 billion shares as of October 13, 2026, from its 10-Q filed October 19, 2026.
- What is Fastenal Co's public float?
- $48.1B as of June 30, 2025, as reported on the cover of its 10-K filed February 5, 2026.
- How many business segments does Fastenal Co report?
- 1 reportable segment for the period ending September 30, 2026, from its 10-Q filed October 19, 2026.
- When is Fastenal Co's annual shareholder meeting?
- December 31, 2025, per its proxy statement (DEF 14A) filed February 25, 2026.
- Have Fastenal Co insiders traded stock recently?
- Since April 14, 2025, officers and directors reported 12 open-market sales worth about $15.0M and 6 purchases worth about $214K on Forms 4 and 5. The most recent: Donnalee Kathleen Papenfuss (EVP-Strategy and Communication) sold 9,258 shares on August 13, 2026.