FASTENAL CO (FAST)

Nasdaq · Retail-Building Materials, Hardware, Garden Supply

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American industrial supply company based in Winona, Minnesota

Corporate structure

32 entities across 25 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-05 — see the exhibit.

Which other public companies file entities in the same places:

Minnesota5 Brazil2 India2 The Netherlands2 Canada1 Mexico1 Panama1 Chile1 Singapore1 Malaysia1 Thailand1 Hungary1

Subsidiaries of FASTENAL CO as disclosed in its SEC filing
Entity	Jurisdiction	Note
United States	Minnesota
Fastenal Company Purchasing	Minnesota
Fastenal IP Company	Minnesota
Innova Holdings, LLC	Minnesota
Innova Supply Chain Solutions, LLC	Minnesota
Canada	Canada
Mexico	Mexico
Panama	Panama	offshore centre
Brazil	Brazil
Fastenal Brasil Participacoes Ltda.	Brazil
Chile	Chile
Singapore	Singapore
Malaysia	Malaysia
Thailand	Thailand
India	India
Fastenal India Wholesale Private Ltd.	India
The Netherlands	The Netherlands
Fastenal Netherlands Holdings B.V.	The Netherlands
Hungary	Hungary
United Kingdom	United Kingdom
Germany	Germany
Czech Republic	Czech Republic
Italy	Italy
Romania	Romania
Sweden	Sweden
Poland	Poland
Austria	Austria
Switzerland	Switzerland
Ireland	Ireland
Spain	Spain
France	France
Belgium	Belgium

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 9

PASSReturn on assets positiveROA 24.9%
PASSOperating cash flow positiveOCF 1.3B
PASSReturn on assets improving24.5% → 24.9%
PASSCash flow exceeds earningsOCF 1.3B vs NI 1.3B
PASSLong-term debt ratio falling2.7% → 2.0% of assets
PASSCurrent ratio improving4.67 → 4.85
FAILNo share dilution574M → 1.2B shares
FAILGross margin improving45.1% → 45.0%
PASSAsset turnover improving1.61× → 1.62×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$5.6B	$859.1M	$933.7M	45.5%	575,671,954
FY2021	$6.0B	$925.0M	$613.5M	46.2%	577,117,056
FY2022	$7.0B	$1.1B	$767.2M	46.1%	575,623,114
FY2023	$7.3B	$1.2B	$1.3B	45.7%	573,008,608
FY2024	$7.5B	$1.2B	$946.8M	45.1%	574,282,211
FY2025	$8.2B	$1.3B	$1.1B	45.0%	1,150,334,204

Ownership flow

15 institutions tracked — 7 added, 6 reduced, 2 opened a new position. Index money added 2,969,638 shares while active managers cut 68,899.

Institutional holders of FASTENAL CO and their share-count change
Manager	Kind	Shares	Change	Value
JPMORGAN CHASE & CO	Active fund	15,727,874	+9,740,029	$745.5M
WELLINGTON MANAGEMENT GROUP LLP	Active fund	10,754,674	−5,837,388	$516.5M
MORGAN STANLEY	Active fund	20,855,726	−4,881,285	$1.0B
FMR LLC	Active fund	5,184,345	−2,525,090	$249.0M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	2,473,323	+1,598,044	$116.8M
BlackRock, Inc.	Index	106,297,179	+1,543,345	$5.1B
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	4,928,056	+1,218,643	$236.7M
CITADEL ADVISORS LLC	Hedge fund	2,913,983	+1,068,438	$140.0M
STATE STREET CORP	Index	56,438,968	+869,793	$2.7B
GEODE CAPITAL MANAGEMENT, LLC	Index	39,479,611	+556,500	$1.9B
Point72 Asset Management, L.P.	Hedge fund	54,000	−212,000	$2.6M
BANK OF AMERICA CORP /DE/	Active fund	16,121,214	−171,211	$774.3M
BAILLIE GIFFORD & CO	Value	1,783,810	−67,079	$85.7M

NORGES BANK, RENAISSANCE TECHNOLOGIES LLC hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Capital returned

What the company actually paid out and bought back, as reported — the record behind any yield figure.

Shares repurchased

2026Q2: $30.0M
2026Q1: $20.3M
2025Q2: $0
2025Q1: $0
2023Q3: $0
2023Q2: $0

Identity

CIK: 0000815556
SIC: 5200 · Retail-Building Materials, Hardware, Garden Supply
Incorporated: MN
Headquarters: WINONA, MN
Founded: 1967-01-01

Ownership

Institutional: 87.3%
Institutions: 1,931
Insiders: 0.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other retail-building materials, hardware, garden supply companies

FASTENAL CO files under SIC 5200 — all 3 retail-building materials, hardware, garden supply companies compared on assets and F-score.

SHERWIN WILLIAMS COSHW TRACTOR SUPPLY CO /DE/TSCO

Questions about FASTENAL CO

How many subsidiaries does FASTENAL CO file with the SEC?: 32, listed in its most recent exhibit 21. They are incorporated across 25 jurisdictions, led by Minnesota, Canada, Mexico. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is FASTENAL CO financially healthy?: FASTENAL CO scores 7 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of FASTENAL CO?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

32 entities across 25 jurisdictions, 1 in offshore financial centres. Read directly from the company’s own 10-K EX-21 filed 2026-02-05 — see the exhibit.

Entity

Jurisdiction

Note

United States

Minnesota

Fastenal Company Purchasing

Minnesota

Fastenal IP Company

Minnesota

Innova Holdings, LLC

Minnesota

Innova Supply Chain Solutions, LLC

Minnesota

Canada

Mexico

Panama

offshore centre

Brazil

Fastenal Brasil Participacoes Ltda.

Brazil

Chile

Singapore

Malaysia

Thailand

India

Fastenal India Wholesale Private Ltd.

India

The Netherlands

Fastenal Netherlands Holdings B.V.

The Netherlands

Hungary

United Kingdom

Germany

Czech Republic

Italy

Romania

Sweden

Poland

Austria

Switzerland

Ireland

Spain

France

Belgium

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

7 / 9

PASSReturn on assets positiveROA 24.9%
PASSOperating cash flow positiveOCF 1.3B
PASSReturn on assets improving24.5% → 24.9%
PASSCash flow exceeds earningsOCF 1.3B vs NI 1.3B
PASSLong-term debt ratio falling2.7% → 2.0% of assets
PASSCurrent ratio improving4.67 → 4.85
FAILNo share dilution574M → 1.2B shares
FAILGross margin improving45.1% → 45.0%
PASSAsset turnover improving1.61× → 1.62×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2020

$5.6B

$859.1M

$933.7M

45.5%

575,671,954

FY2021

$6.0B

$925.0M

$613.5M

46.2%

577,117,056

FY2022

$7.0B

$1.1B

$767.2M

46.1%

575,623,114

FY2023

$7.3B

$1.2B

$1.3B

45.7%

573,008,608

FY2024

$7.5B

$1.2B

$946.8M

45.1%

574,282,211

FY2025

$8.2B

$1.3B

$1.1B

45.0%

1,150,334,204

Ownership flow

15 institutions tracked — 7 added, 6 reduced, 2 opened a new position. Index money added 2,969,638 shares while active managers cut 68,899.

Institutional holders of FASTENAL CO and their share-count change
Manager	Kind	Shares	Change	Value
JPMORGAN CHASE & CO	Active fund	15,727,874	+9,740,029	$745.5M
WELLINGTON MANAGEMENT GROUP LLP	Active fund	10,754,674	−5,837,388	$516.5M
MORGAN STANLEY	Active fund	20,855,726	−4,881,285	$1.0B
FMR LLC	Active fund	5,184,345	−2,525,090	$249.0M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	2,473,323	+1,598,044	$116.8M
BlackRock, Inc.	Index	106,297,179	+1,543,345	$5.1B
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	4,928,056	+1,218,643	$236.7M
CITADEL ADVISORS LLC	Hedge fund	2,913,983	+1,068,438	$140.0M
STATE STREET CORP	Index	56,438,968	+869,793	$2.7B
GEODE CAPITAL MANAGEMENT, LLC	Index	39,479,611	+556,500	$1.9B
Point72 Asset Management, L.P.	Hedge fund	54,000	−212,000	$2.6M
BANK OF AMERICA CORP /DE/	Active fund	16,121,214	−171,211	$774.3M
BAILLIE GIFFORD & CO	Value	1,783,810	−67,079	$85.7M

NORGES BANK, RENAISSANCE TECHNOLOGIES LLC hold a position with no prior filing to compare against, so their change is unknown rather than zero — and they are left out of the totals above.

Questions about FASTENAL CO

How many subsidiaries does FASTENAL CO file with the SEC?

32, listed in its most recent exhibit 21. They are incorporated across 25 jurisdictions, led by Minnesota, Canada, Mexico. 1 of them sit in offshore financial centres. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is FASTENAL CO financially healthy?

FASTENAL CO scores 7 out of 9 on the Piotroski F-score. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of FASTENAL CO?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), STATE STREET CORP (adding), GEODE CAPITAL MANAGEMENT, LLC (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.