Filing Flows › Fastenal (FAST) › Q2 2025
Fastenal (FAST) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 17, 2025
Fastenal (FAST) reported revenue of $2.1B for the second quarter 2025 (Q2 2025), +9% from a year earlier and +6% from the quarter before. Operating margin was 21.0%, net earnings $330M (15.9% of revenue).
Fastenal, Q2 2025: revenue $2.1B (+9% year over year), operating margin 21.0%, net earnings $330M, operating cash flow $279M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.1B | +6% | +9% |
| Gross profit | $943M | +7% | +9% |
| Operating profit | $436M | +11% | +13% |
| Net earnings | $330M | +11% | +13% |
| Operating cash flow | $279M | +6% | +8% |
| Free cash flow | $209M | +1% | +4% |
What changed
Revenue was $2.1B in Q2 2025, up 9% year over year and up 6% from the previous quarter.
Gross margin was 45.3%, up 0.3 points from a year earlier. Operating profit was $0.44B, a 21.0% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 30% reached operating profit, above the 20% margin then. Operating expenses grew 6% against revenue growth of 9%. Net earnings were $0.33B, up 13% year over year. The effective tax rate was 24.3%.
Operating cash flow was $0.28B (up 8% year over year), 84% of net earnings. Non-cash charges added back $0.05B of depreciation and amortization and $2.0M of share-based compensation. Working capital and other items used $0.10B. Capital expenditures of $0.07B left free cash flow of $0.21B.
Questions
What was Fastenal's revenue in the second quarter 2025?
Fastenal (FAST) reported revenue of $2.1B for the second quarter 2025 (Q2 2025), +9% from a year earlier and +6% from the quarter before.
Was Fastenal profitable in the second quarter 2025?
Operating profit was $436M (21.0% of revenue) and net earnings $330M.
Source: Fastenal 10-Q on SEC EDGAR.