Flagship explainer

How FASTENAL CO makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$8.2B · 100%Cost of revenue$4.5B · 55%Gross profit$3.7B · 45%Operating income$1.7B · 20%Income before tax$1.7B · 20%Income tax$397M · 5%Net income$1.3B · 15%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$8.2B100%
Cost of revenue$4.5B55%
$3.7B45%
$1.7B20%
Income before tax$1.7B20%
Income tax$397M5%
$1.3B15%
Source: · event Dec 31, 2025 · retrieved Oct 15, 2026 · annual-row source set
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