Filing Flows › Fastenal (FAST) › Q1 2025
Fastenal (FAST) Q1 2025 earnings results (first quarter 2025)
10-Q filed Apr 16, 2025
Fastenal (FAST) reported revenue of $2.0B for the first quarter 2025 (Q1 2025), +3% from a year earlier and +7% from the quarter before. Operating margin was 20.1%, net earnings $299M (15.2% of revenue).
Fastenal, Q1 2025: revenue $2.0B (+3% year over year), operating margin 20.1%, net earnings $299M, operating cash flow $262M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | +7% | +3% |
| Gross profit | $884M | +8% | +3% |
| Operating profit | $394M | +14% | +0.9% |
| Net earnings | $299M | +14% | +0.3% |
| Operating cash flow | $262M | -7% | -22% |
| Free cash flow | $206M | -7% | -27% |
What changed
Revenue was $2.0B in Q1 2025, up 3% year over year and up 7% from the previous quarter.
Gross margin was 45.1%, down 0.4 points from a year earlier. Operating profit was $0.39B, a 20.1% margin (down 0.5 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 21% margin then. Operating expenses grew 4% against revenue growth of 3%. Net earnings were $0.30B, roughly flat year over year. The effective tax rate was 24.0%.
Operating cash flow was $0.26B (down 22% year over year), 88% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $0.08B. Capital expenditures of $0.06B left free cash flow of $0.21B.
Questions
What was Fastenal's revenue in the first quarter 2025?
Fastenal (FAST) reported revenue of $2.0B for the first quarter 2025 (Q1 2025), +3% from a year earlier and +7% from the quarter before.
Was Fastenal profitable in the first quarter 2025?
Operating profit was $394M (20.1% of revenue) and net earnings $299M.
Source: Fastenal 10-Q on SEC EDGAR.