Filing Flows › Comparisons › FAST vs IPW
Fastenal vs iPower: FAST and IPW compared
Fastenal is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $1.4M for iPower (Q4 FY26). Fastenal is growing faster (+16% against -86% a year earlier). Fastenal is more profitable, with an operating margin of 21.5% against -648.0%.
Where the money goes: FAST and IPW
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.
iPower (IPW) · Q4 FY26
iPower, Q4 FY26: revenue $1.4M (-86% year over year), operating margin -648.0%, net loss $6.4M, operating cash flow −$594K. The chart follows the revenue to costs, profit and cash.
| Fastenal (FAST) | iPower (IPW) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $2.5B | $1.4M |
| Revenue growth, Y/Y | +16% | -86% |
| Gross margin | 44.8% | — |
| Operating margin | 21.5% | -648.0% |
| Net earnings | $402M | −$6.4M |
| Net margin | 16.3% | -449.4% |
| Operating cash flow | $422M | −$594K |
| Free cash flow | $348M | — |
| Market value | $61.0B | — |
| P/E | 43.1× | — |
| Analysts’ mean target | $51.15 | — |
Where the revenue comes from
iPower
- Product: $1.4M (100%)
- Service: $1K (0%)
Questions
Which is bigger, Fastenal or iPower?
Fastenal is the larger company: $2.5B of revenue in its latest quarter (Q3 2026) against $1.4M for iPower (Q4 FY26).
Is Fastenal or iPower growing faster?
Fastenal is growing faster (+16% against -86% a year earlier).
Which is more profitable, Fastenal or iPower?
Fastenal is more profitable, with an operating margin of 21.5% against -648.0%.
More: Fastenal earnings · how Fastenal makes money · iPower earnings · how iPower makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Oct 19, 2026; 10-K filed Oct 2, 2026). Fiscal quarters can end on different dates. Not investment advice.