Filing Flows › Fastenal (FAST) › Q4 2025
Fastenal (FAST) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 5, 2026
Fastenal (FAST) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -5% from the quarter before. Operating margin was 19.0%, net earnings $294M (14.5% of revenue).
Fastenal, Q4 2025: revenue $2.0B (+11% year over year), operating margin 19.0%, net earnings $294M, operating cash flow $368M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $2.0B | -5% | +11% |
| Gross profit | $899M | -7% | +10% |
| Operating profit | $384M | -13% | +11% |
| Net earnings | $294M | -12% | +12% |
| Operating cash flow | $368M | -5% | +30% |
| Free cash flow | $308M | -6% | +38% |
What changed
Revenue was $2.0B in Q4 2025, up 11% year over year and down 5% from the previous quarter.
Gross margin was 44.3%, down 0.5 points from a year earlier. Operating profit was $0.38B, a 19.0% margin (up 0.1 points year over year). Of the extra revenue versus a year earlier, 19% reached operating profit, above the 19% margin then. Operating expenses grew 9% against revenue growth of 11%. Net earnings were $0.29B, up 12% year over year. The effective tax rate was 23.6%.
Operating cash flow was $0.37B (up 30% year over year), 125% of net earnings. Non-cash charges added back $0.04B of depreciation and amortization and $2.2M of share-based compensation. Working capital and other items added $0.03B. Capital expenditures of $0.06B left free cash flow of $0.31B.
Questions
What was Fastenal's revenue in the fourth quarter 2025?
Fastenal (FAST) reported revenue of $2.0B for the fourth quarter 2025 (Q4 2025), +11% from a year earlier and -5% from the quarter before.
Was Fastenal profitable in the fourth quarter 2025?
Operating profit was $384M (19.0% of revenue) and net earnings $294M.
Source: Fastenal 10-K on SEC EDGAR.