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FAST (Fastenal Co) Gross Margin % : 44.95% (As of Sep. 2024)


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What is Fastenal Co Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Fastenal Co's Gross Profit for the three months ended in Sep. 2024 was $859 Mil. Fastenal Co's Revenue for the three months ended in Sep. 2024 was $1,910 Mil. Therefore, Fastenal Co's Gross Margin % for the quarter that ended in Sep. 2024 was 44.95%.


The historical rank and industry rank for Fastenal Co's Gross Margin % or its related term are showing as below:

FAST' s Gross Margin % Range Over the Past 10 Years
Min: 45.23   Med: 47.74   Max: 50.82
Current: 45.23


During the past 13 years, the highest Gross Margin % of Fastenal Co was 50.82%. The lowest was 45.23%. And the median was 47.74%.

FAST's Gross Margin % is ranked better than
90.85% of 153 companies
in the Industrial Distribution industry
Industry Median: 23.43 vs FAST: 45.23

Fastenal Co had a gross margin of 44.95% for the quarter that ended in Sep. 2024 => Durable competitive advantage

The 5-Year average Growth Rate of Gross Margin for Fastenal Co was -1.00% per year.


Fastenal Co Gross Margin % Historical Data

The historical data trend for Fastenal Co's Gross Margin % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Fastenal Co Gross Margin % Chart

Fastenal Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 47.16 45.47 46.20 46.07 45.66

Fastenal Co Quarterly Data
Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24
Gross Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 45.92 45.46 45.46 45.06 44.95

Competitive Comparison of Fastenal Co's Gross Margin %

For the Industrial Distribution subindustry, Fastenal Co's Gross Margin %, along with its competitors' market caps and Gross Margin % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Fastenal Co's Gross Margin % Distribution in the Industrial Distribution Industry

For the Industrial Distribution industry and Industrials sector, Fastenal Co's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Fastenal Co's Gross Margin % falls into.



Fastenal Co Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Fastenal Co's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=3354.5 / 7346.7
=(Revenue - Cost of Goods Sold) / Revenue
=(7346.7 - 3992.2) / 7346.7
=45.66 %

Fastenal Co's Gross Margin for the quarter that ended in Sep. 2024 is calculated as


Gross Margin % (Q: Sep. 2024 )=Gross Profit (Q: Sep. 2024 ) / Revenue (Q: Sep. 2024 )
=858.6 / 1910.2
=(Revenue - Cost of Goods Sold) / Revenue
=(1910.2 - 1051.6) / 1910.2
=44.95 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Fastenal Co  (NAS:FAST) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Fastenal Co had a gross margin of 44.95% for the quarter that ended in Sep. 2024 => Durable competitive advantage


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Fastenal Co Gross Margin % Related Terms

Thank you for viewing the detailed overview of Fastenal Co's Gross Margin % provided by GuruFocus.com. Please click on the following links to see related term pages.


Fastenal Co Business Description

Address
2001 Theurer Boulevard, Winona, MN, USA, 55987-1500
Fastenal opened its first fastener store in 1967 in Winona, Minnesota. Since then, it has greatly expanded its footprint as well as its products and services. Today, Fastenal serves its 400,000 active customers through approximately 1,600 branches, over 1,800 on-site locations, and 15 distribution centers. Since 1993, the company has added other product categories, but fasteners remain its largest category at about 30%-35% of sales. Fastenal also offers customers supply chain solutions, such as vending and vendor-managed inventory.
Executives
James C Jansen officer: Executive Vice President 2001 THEURER BLVD, WINONA MN 55987
Daniel L. Johnson director 6951 HIGHOVER DRIVE, CHANHASSEN MN 55317
Charles S. Miller officer: Officer-Executive Vice Preside 230 CASCADE DR., PADUCAH KY 42003
Daniel L Florness officer: Exec. V-P and CFO FASTENAL CO, 2001 THEURER BLVD, WINONA MN 55987
Sheryl Ann Lisowski officer: Controller/Chief Acct. Officer 155 WILDWOOD DRIVE, WINONA MN 55987
Nicholas J Lundquist officer: Executive Vice-President 2001 THEURER BLVD, WINONA MN 55987
Holden Lewis officer: Chief Financial Officer/EVP 6714 MELODY LANE, BETHESDA MD 20817
John Lewis Soderberg officer: Executive Vice President 1757 SNOWFLAKE PLACE, ONALASKA WI 54650
William Joseph Drazkowski officer: Executive Vice-President 806 OLYMPIC DRIVE, ONALASKA WI 54650
Rita J. Heise director 7329 MARINER DRIVE, MAPLE GROVE MN 55311
Anthony Paul Broersma officer: EVP-Operations 4730 NORTH SERVICE DRIVE, WINONA MN 55987
Reyne K Wisecup director
Hsenghung Sam Hsu director 2032 SUMMIT AVENUE, SAINT PAUL MN 55105
Jeffery Michael Watts officer: Executive Vice-President 48 LAUREL CR., INGERSOLL A6 N5C-3S4
Scott Satterlee director 8100 MITCHELL RD, STE 200, EDEN PRAIRIE MN 55344