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 highestGross 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.
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.
* 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 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.
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