Question 1

What is Fastenal's P/FCF ratio?

Accepted Answer

Fastenal (FAST) P/FCF ratio is 46.3× as of June 5, 2026. The ratio is calculated by dividing market capitalisation by trailing twelve-month free cash flow, using USD-normalised financials (IAS 21 exchange-rate translation for non-USD reporters).

Question 2

How is the P/FCF ratio calculated?

Accepted Answer

P/FCF = Market Capitalisation ÷ Trailing Twelve-Month (TTM) Free Cash Flow, where Free Cash Flow = Operating Cash Flow − Capital Expenditures. All inputs are sourced from audited GAAP/IFRS filings and translated to USD using period-end exchange rates so the multiple is comparable across companies and currencies.

Question 3

What is the P/FCF ratio?

Accepted Answer

The price-to-free-cash-flow (P/FCF) ratio compares a company's market capitalisation to its trailing twelve-month (TTM) free cash flow. It is calculated as market cap ÷ TTM free cash flow, where free cash flow = operating cash flow − capital expenditures. Because FCF cannot be inflated by non-cash accounting items, P/FCF is often considered a cleaner measure of "earnings-power valuation" than P/E — especially for capital-intensive businesses where depreciation diverges from real cash outflows.

Question 4

What is a good P/FCF ratio for Fastenal?

Accepted Answer

Mature companies that consistently convert profit into cash often trade at 15–25× P/FCF; capital-intensive businesses with lumpy capex typically trade lower. Compare against sector peers and against the company's own multi-year average — single-year P/FCF can be distorted by working-capital swings. For Fastenal specifically, the relevant sector benchmark is the current sector median of 24.3×.

Question 5

Is Fastenal's P/FCF ratio high or low?

Accepted Answer

Fastenal's P/FCF ratio of 46.3× is above its own 5-year average of 42.4× and above the sector median of 24.3×. That places the current reading at the 61th percentile of its 10-year history. A higher multiple usually reflects stronger expected growth, lower perceived risk, or higher returns on capital; a lower multiple reflects the opposite.

Question 6

What is Fastenal's historical P/FCF ratio range?

Accepted Answer

In the available daily series, Fastenal (FAST) P/FCF ratio has ranged from a low of 20.3× in 2009 to a high of 984.0× in 2004. The 5-year average is 42.4× and the 5-year median is 40.8×.

Question 7

What was Fastenal's P/FCF ratio in 2025?

Accepted Answer

Fastenal (FAST) P/FCF ratio at the end of 2025 was 43.9×. Annual values reflect the multiple on the last trading day of each calendar year, using the trailing twelve-month free cash flow figure available at that date.

Question 8

Why does Fastenal's P/FCF ratio change over time?

Accepted Answer

Valuation multiples move with two inputs: the numerator (market capitalisation, which tracks the share price) and the denominator (free cash flow). Share-price changes — driven by interest rates, earnings expectations, risk appetite, and broader market sentiment — typically dominate short-term moves, while changes in the underlying fundamental drive the longer-term trend. As a result, the ratio can rise during stock-price rallies even if the business itself has not become more valuable, and fall during sell-offs even when fundamentals are improving.


2025	$46.07B	$1.05B	43.9×	+0.3×	Dec 31, 2025
2024	$41.22B	$946.80M	43.5×	+14.1×	Dec 31, 2024
2023	$37.03B	$1.26B	29.4×	-5.8×	Dec 31, 2023
2022	$27.02B	$767.20M	35.2×	-24.8×	Dec 31, 2022
2021	$36.85B	$613.50M	60.1×	+30.0×	Dec 31, 2021
2020	$28.04B	$933.70M	30.0×	-5.5×	Dec 31, 2020
2019	$21.22B	$596.30M	35.6×	+5.5×	Dec 31, 2019
2018	$14.97B	$497.90M	30.1×	-3.7×	Dec 31, 2018
2017	$15.73B	$465.30M	33.8×	-8.0×	Dec 31, 2017
2016	$13.59B	$324.90M	41.8×	+11.6×	Dec 31, 2016
2015	$11.83B	$391.77M	30.2×	-15.2×	Dec 31, 2015
2014	$14.08B	$309.92M	45.4×	-21.9×	Dec 31, 2014
2013	$14.10B	$209.58M	67.3×	+13.7×	Dec 31, 2013
2012	$13.83B	$257.89M	53.6×	-33.1×	Dec 31, 2012
2011	$12.88B	$148.45M	86.8×	+33.8×	Dec 31, 2011
2010	$8.83B	$166.89M	52.9×	+28.6×	Dec 31, 2010
2009	$6.16B	$253.53M	24.3×	-7.2×	Dec 31, 2009
2008	$5.18B	$164.59M	31.5×	-3.7×	Dec 31, 2008
2007	$6.06B	$172.13M	35.2×	-231.9×	Dec 31, 2007
2006	$5.42B	$20.29M	267.1×	+161.5×	Dec 31, 2006
2005	$5.91B	$56.00M	105.6×	-878.4×	Dec 31, 2005
2004	$4.67B	$4.75M	984.0×	+890.5×	Dec 31, 2004
2003	$3.78B	$40.38M	93.5×	—	Dec 31, 2003
2002	$2.84B	−$24.86M	—	—	Dec 31, 2002
2001	$2.53B	$46.38M	54.4×	—	Dec 31, 2001


Alamo Group (ALG)	18.0×
Otis Worldwide (OTIS)	17.9×
Fortive (FTV)	17.9×
Allegion (ALLE)	17.8×
Snap-on (SNA)	17.6×
FedEx (FDX)	17.3×
Norfolk Southern (NSC)	16.9×
Gorman-Rupp (GRC)	16.2×
Automatic Data Processing (ADP)	15.8×
Paychex (PAYX)	15.6×
AGCO (AGCO)	15.4×
General Dynamics (GD)	15.3×
Carlisle Companies (CSL)	14.7×
Amentum Holdings (AMTM)	14.7×
Stanley Black & Decker (SWK)	14.4×
A. O. Smith (AOS)	14.2×
Huntington Ingalls Industries (HII)	14.1×
McGrath RentCorp (MGRC)	13.9×
Pool (POOL)	12.2×
Delta Air Lines (DAL)	11.1×
Builders FirstSource (BLDR)	10.5×
United Airlines Holdings (UAL)	9.4×
Gartner (IT)	8.8×
ABM Industries (ABM)	7.2×
Versant Media Group, Inc. Class A (VSNT)	2.7×

P/FCF Ratio for Fastenal (FAST)

P/FCF Ratio daily chart for Fastenal (FAST)

Historical P/FCF Ratio for Fastenal (FAST) from 2001 to 2025

About P/FCF Ratio at Fastenal (FAST)

Fastenal P/FCF Ratio by Year

Fastenal P/FCF Ratio 2025: 43.9×

Fastenal P/FCF Ratio 2024: 43.5×

Fastenal P/FCF Ratio 2023: 29.4×

Fastenal P/FCF Ratio 2022: 35.2×

Fastenal P/FCF Ratio 2021: 60.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

Fastenal (FAST) Key Financials

P/FCF Ratio daily chart for Fastenal (FAST)

Historical P/FCF Ratio for Fastenal (FAST) from 2001 to 2025

About P/FCF Ratio at Fastenal (FAST)

Fastenal P/FCF Ratio by Year

Fastenal P/FCF Ratio 2025: 43.9×

Fastenal P/FCF Ratio 2024: 43.5×

Fastenal P/FCF Ratio 2023: 29.4×

Fastenal P/FCF Ratio 2022: 35.2×

Fastenal P/FCF Ratio 2021: 60.1×

Sector peers by P/FCF Ratio — chart

Sector peers by P/FCF Ratio — table

Frequently asked questions

+What is Fastenal's P/FCF ratio?

+How is the P/FCF ratio calculated?

+What is the P/FCF ratio?

+What is a good P/FCF ratio for Fastenal?

+Is Fastenal's P/FCF ratio high or low?

+What is Fastenal's historical P/FCF ratio range?

+What was Fastenal's P/FCF ratio in 2025?

+Why does Fastenal's P/FCF ratio change over time?

Fastenal (FAST) Key Financials