# Fastenal (FAST) Forecast Calculator

Interactive five-year financial forecast and DCF for Fastenal. Adjust revenue growth, margins, capex, and WACC to update revenue, free cash flow, and enterprise value.

- Canonical: https://finamodel.com/companies/fastenal/forecast
- Industry: Industrials
- Forecast start year: 2026

## Historical data

| Year | Revenue | Free cash flow | EBITDA | Net income |
|---:|---:|---:|---:|---:|
| 2021 | 5333700000 | 596300000 | 1201800000 | 790900000 |
| 2022 | 5647300000 | 933700000 | 1295100000 | 859100000 |
| 2023 | 6010900000 | 613500000 | 1377300000 | 925000000 |
| 2024 | 6980600000 | 767200000 | 1630200000 | 1086900000 |
| 2025 | 7346700000 | 1259900000 | 1706000000 | 1155000000 |

## Frequently asked questions

### What does Fastenal Company do?

Fastenal Company is a leading North American wholesale distributor of industrial and construction supplies. It operates through a dense network of branches and customer-specific Onsite locations, providing supply chain solutions and inventory management to its clients.

### How does Fastenal generate its revenue?

Fastenal generates revenue primarily through the distribution of fasteners, safety supplies, and other industrial and construction products. The company evaluates its revenue growth using a Daily Sales Rate (DSR) to normalize for business days.

### What is the assumed revenue growth rate in the Fastenal financial model?

The financial model for Fastenal assumes a revenue growth rate of approximately 8.33% per year. This growth is expected to be driven by the company's aggressive shift towards Onsite expansions and digital footprint growth.

### What is the main objective of the Fastenal financial model?

The primary objective of the Fastenal financial model is to forecast the company's cash flow generation and intrinsic equity value. This analysis helps determine if Fastenal's current premium valuation multiple is justified by its strategic initiatives like Onsite expansion.

### Is an Excel financial model available for Fastenal?

Yes, an Excel financial model for Fastenal is available for download. This model provides forecasts for the company's financials from FY2026 through FY2030, incorporating key assumptions such as revenue growth and capital expenditure.

### What is Fastenal's approach to inventory management?

Fastenal maintains intentionally high inventory levels, reflected in a Days Inventory Outstanding (DIO) of 150 to 165 days, to guarantee product availability for its customers. This strategy makes the business model asset-heavy in working capital, consuming cash as the company grows and deploys inventory into new locations.