Fastenal Company — Earnings Quality Grade A
FAST · Industrials
Strong financial health
Screening Summary
Financial Trends
Revenue & Net Income ($B)
Margins (%)
18-Point Screening
Revenue Quality
DSO 55 days, change +2 days YoY
AR growth 12.3% vs revenue growth 8.7%
Revenue 8.7%, CFFO 10.4%. Cash follows revenue
Expense Quality
Inventory 6.3% vs COGS 8.8%. Normal
CapEx growth 8.3% vs revenue 8.7%. Normal
SG&A/Gross Profit = 55.1%. Normal
Gross margin 45.0%, change -0.1pp. Stable
Cash Flow Quality
CFFO/NI = 1.03. Profits backed by cash
FCF $1.1B, FCF/NI = 0.83
Accruals ratio = -0.7%. Low accruals
Cash $0.3B covers 63% of debt $0.4B
Balance Sheet Health
No goodwill. Clean balance sheet
Debt/EBITDA = 0.2x. Healthy
Other assets -6.7% vs revenue 8.7%. Normal
No write-off data
Acquisition Risk
FCF after acquisitions positive
No goodwill
Manipulation Score
M-Score = -2.43 (< -2.22). Unlikely manipulator
Beneish M-Score
Altman Z-Score
Generated from public financial data using forensic accounting frameworks. Not investment advice. Data: Yahoo Finance · 2026-04-08