Fastenal CoFRA:FAS -0.15%97 ROA % is 26.66% as of Mar. 2026, which is 15% above its 10-year median of 23.26. GuruFocus rates FRA:FAS with a GF Score™ of 97/100 and a GF Value™ of €37.46 (Fairly Valued). The stock has 2 warning signs investors should review. Among 157 Industrial Distribution companies, Fastenal Co ranks better than 98.73% on this metric.
ROA % is calculated as Net Income divided by its average Total Assets over a certain period of time. Fastenal Co's annualizedNet Income for the quarter that ended in Mar. 2026 was €1,176 Mil.
Fastenal Co's average Total Assets over the quarter that ended in Mar. 2026 was €4,411 Mil. Therefore, Fastenal Co's annualized ROA % for the quarter that ended in Mar. 2026 was 26.66%.
The historical rank and industry rank for Fastenal Co's ROA % or its related term are showing as below:
FRA:FAS'
s ROA % Range Over the Past 10 Years
Min: 19.2 Med: 23.26 Max: 25.81
Current: 25.72
During the past 13 years, Fastenal Co's highest ROA % was 25.81%. The lowest was 19.20%. And the median was 23.26%.
FRA:FAS's ROA % is ranked better than 98.73% of 157
companies
in the Industrial Distribution industry
Industry Median: 3.76
vs FRA:FAS: 25.72
Fastenal Co (FRA:FAS) ROA % Explanation
ROA % measures the rate of return on the total assets (shareholder equity plus liabilities). It measures a firm's efficiency at generating profits from shareholders' equity plus its liabilities. ROA % shows how well a company uses what it has to generate earnings. ROA %s can vary drastically across industries. Therefore, ROA % should not be used to compare companies in different industries. For retailers, a ROA % of higher than 5% is expected. For example, Wal-Mart (WMT) has a ROA % of about 8% as of 2012. For banks, ROA % is close to their interest spread. A banks ROA % is typically well under 2%.
Similar to ROE, ROA % is affected by profit margins and asset turnover. This can be seen from the Du Pont Formula:
Note:
The Net Income data used here is four times the quarterly (Mar. 2026) net income data. The Revenue data used here is four times the quarterly (Mar. 2026) revenue data.
* 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.
Be Aware
Like ROE, ROA % is calculated with only 12 months data. Fluctuations in the company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective. ROA % can be affected by events such as stock buyback or issuance, and by goodwill, a company's tax rate and its interest payment. ROA % may not reflect the true earning power of the assets. A more accurate measurement is ROC % (ROC).
Many analysts argue the higher return the better. Buffett states that really high ROA % may indicate vulnerability in the durability of the competitive advantage.
E.g. Raising $43b to take on KO is impossible, but $1.7b to take on Moody's is. Although Moody's ROA % and underlying economics is far superior to Coca Cola, the durability is far weaker because of lower entry cost.
Fastenal Co ROA % Related Terms
Fastenal Co ROA % Historical Data
* Premium members only.
The historical data trend for Fastenal Co's ROA % 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.
For the Industrial Distribution subindustry, Fastenal Co's ROA %, along with its competitors' market caps and ROA % 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 ROA % vs Industrial Distribution Industry
For the Industrial Distribution industry and Industrials sector, Fastenal Co's ROA % distribution charts can be found below:
* The bar in red indicates where Fastenal Co's ROA % 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.
In the calculation of annual ROA %, the net income of the last fiscal year and the average total assets over the fiscal year are used. In calculating the quarterly data,
the Net Income data used here is four times the quarterly (Mar. 2026) net income data.
ROA % is displayed in the 30-year financial page.
Fastenal Co (FRA:FAS) has a ROA % of 26.66% as of Mar. 2026. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fastenal Co and its competitors. This is 15% above median its historical median of 23.26. Over the past decade, Fastenal Co's ROA % has ranged from 19.20 to 25.81. According to the industry distribution chart, Fastenal Co ranks #2 out of 157 companies in the Industrial Distribution industry, placing it in the top 1.3%.
Is Fastenal Co's ROA % too high?
Fastenal Co's current ROA % of 26.66% is 15% above median its 10-year median of 23.26. Over the past 10 years, this metric has ranged from a low of 19.20 to a high of 25.81. The Industrial Distribution industry median ROA % is 3.76. Fastenal Co's value of 26.66% is 609% above this industry median. Based on the distribution chart, Fastenal Co ranks #2 out of 157 companies in the Industrial Distribution industry, which is in the top quartile — a strong position relative to peers. Overall, Fastenal Co has a GF Score™ of 97/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does Fastenal Co's ROA % compare to FERG and GWW?
According to the Industrial Distribution industry distribution chart, Fastenal Co ranks #2 out of 157 companies for ROA %. This places Fastenal Co in the top 1% of its industry — outperforming the majority of peers. The industry median ROA % is 3.76. Fastenal Co's value of 26.66% is 609% above this benchmark. Historically, Fastenal Co's own ROA % has ranged from 19.20 to 25.81 over the past decade. While the company's 10-year median is 23.26 vs. the industry median of 3.76, Fastenal Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROA % for an Industrial Distribution company?
The median ROA % among Industrial Distribution companies is 3.76, based on 157 companies in the industry. Companies in the top quartile (top 25%) have a ROA % significantly above this median, while those in the bottom quartile fall well below. However, ROA % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Fastenal Co's current ROA % of 26.66% is 609% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROA % mean?
A high ROA % can signal that a stock is expensive relative to its fundamentals. Return on assets is the ratio of current-period net income to average two-period total assets. View historical data on Fastenal Co and its competitors. For the Industrial Distribution industry, the median ROA % is 3.76 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Fastenal Co's current ROA % is 26.66%, which is 15% above median its own 10-year median of 23.26. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Fastenal Co stock overvalued right now?
Based on GuruFocus' analysis, Fastenal Co (FRA:FAS) is currently considered Fairly Valued. The stock's GF Value™ is €37.46, compared to a current price of €40.09 — trading 7% above its estimated fair value. The current ROA % is 26.66%, which is 15% above median its 10-year median of 23.26 and 609% above the Industrial Distribution industry median of 3.76. Fastenal Co's overall GF Score™ is 97/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROA % calculated?
ROA % is calculated from a company's financial statements. For Fastenal Co (FRA:FAS), the current ROA % is 26.66% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Fastenal Co (FRA:FAS) Overvalued in 2026?
Based on GuruFocus' analysis, Fastenal Co stock appears to be overvalued.
The current stock price of €40.09 is trading 7% above its estimated GF Value™ of €37.46.
GuruFocus considers Fastenal Co to be Fairly Valued.
Key valuation signals for FRA:FAS:
ROA %: 26.66% (15% above median its 10-year median of 23.26)
GF Value™: €37.46 vs. price of €40.09 (7% above fair value)
Industry Position: 609% above the Industrial Distribution median (#2 of 157)
No single metric tells the full story. See the FRA:FAS stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Fastenal began as an industrial retailer, expanding its product portfolio from nuts and bolts to cutting tools, safety equipment, and janitorial supplies. It transitioned into a distributor by building out a dense network of branches close to its business customers. Once a customer becomes large enough, Fastenal installs vending machines and its own personnel on-site. Today, these on-site locations exceed Fastenal's branch count and remain the firm's main focus for expansion. Fastenal acts as a one-stop outsourcing partner for its industrial customers, offering value-added services along with a wide breadth of maintenance, repair, and operations supplies.
97GF Score
Get the complete analysis for FRA:FAS
ROA % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FRA:FAS has been successfully added to your 
