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Fastenal vs GrowGeneration: FAST and GRWG compared
Fastenal is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $43.2M for GrowGeneration (Q2 2026). Fastenal is growing faster (+16% against +6% a year earlier). Fastenal is more profitable, with an operating margin of 21.5% against -5.4%.
Where the money goes: FAST and GRWG
Fastenal (FAST) · Q3 2026
Fastenal, Q3 2026: revenue $2.5B (+16% year over year), operating margin 21.5%, net earnings $402M, operating cash flow $422M. The chart follows the revenue to costs, profit and cash.
GrowGeneration (GRWG) · Q2 2026
GrowGeneration, Q2 2026: revenue $43.2M (+6% year over year), operating margin -5.4%, net loss $2.0M, operating cash flow $941K. The chart follows the revenue to costs, profit and cash.
| Fastenal (FAST) | GrowGeneration (GRWG) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q2 2026 |
| Revenue | $2.5B | $43.2M |
| Revenue growth, Y/Y | +16% | +6% |
| Gross margin | 44.8% | — |
| Operating margin | 21.5% | -5.4% |
| Net earnings | $402M | −$2.0M |
| Net margin | 16.3% | -4.7% |
| Operating cash flow | $422M | $941K |
| Free cash flow | $348M | $746K |
| Market value | $61.0B | — |
| P/E | 43.1× | — |
| Analysts’ mean target | $51.15 | — |
Where the revenue comes from
GrowGeneration
- Cultivation and Gardening: $34.9M (81%)
- Storage Solutions: $8.3M (19%)
Questions
Which is bigger, Fastenal or GrowGeneration?
Fastenal is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $43.2M for GrowGeneration (Q2 2026).
Is Fastenal or GrowGeneration growing faster?
Fastenal is growing faster (+16% against +6% a year earlier).
Which is more profitable, Fastenal or GrowGeneration?
Fastenal is more profitable, with an operating margin of 21.5% against -5.4%.
More: Fastenal earnings · how Fastenal makes money · GrowGeneration earnings · how GrowGeneration makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 19, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.