Fastenal stock reports 14.7 percent revenue growth
Published on 09/25/2026 at 12:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Fastenal Company stock was USD 50.73 on Nasdaq on September 24, 2026, down 0.51 percent from the prior close. The industrial distributor's second-quarter revenue reached USD 2.39 billion, up 14.7 percent year over year.
Revenue growth sets the pace
Fastenal published its 2026 second-quarter earnings release on July 14, 2026. The period ended June 30, 2026, and revenue rose from the prior-year quarter while operating profit reached USD 501.8 million.
The comparison with expectations was also favorable. According to MarketBeat, quarterly revenue of USD 2.39 billion exceeded the USD 2.34 billion consensus estimate, while earnings per share of USD 0.33 matched the USD 0.33 consensus.
Dividend and valuation matter
Fastenal also raised its quarterly dividend from USD 0.24 to USD 0.26 per share. That change lifted the annualized payout to USD 1.04 per share, while the reported second-quarter net margin stood at 15.45 percent, according to MarketBeat.
Analyst expectations remain close to the quotation. MarketBeat lists a consensus rating of Hold and an average price target of USD 49.50. Morgan Stanley increased its target from USD 48.00 to USD 52.00 on July 16, 2026, putting the target 2.50 percent above the September 24 price.
Stock stays below yearly high
Fastenal's USD 58.21 billion market capitalization and 10,155,814-share volume on September 24 provide the market context for the latest result. The 52-week range was USD 38.97 to USD 52.92, leaving the stock USD 2.19 below its yearly high.
Fastenal's business supplies fasteners, tools, safety products and other industrial and construction materials through its distribution network. For investors, the key tension is visible in the numbers: Q2 revenue growth reached 14.7 percent, while the share price remained below its 52-week high.
Fastenal stock price snapshot
Fastenal stock was USD 50.73 on Nasdaq on September 24, 2026, down 0.51 percent from the previous close of USD 50.99. The quotation remains within the 52-week range of USD 38.97 to USD 52.92.
Fastenal stock facts
- Company: Fastenal Company
- Ticker: FAST
- Trading venue: Nasdaq
- Price (as of September 24, 2026): USD 50.73
- Market capitalization: USD 58,212,675,000 (as of September 24, 2026)
- 52-week range: USD 38.97-52.92 (as of September 24, 2026)
- Sector / Industry: Industrials / Industrial Distribution
- Index membership: Nasdaq-100
