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Fastenal: the factory-floor distributor whose cash test starts with vending and onsite scale
Fastenal reported 2025 revenue of $8.20 billion and Q1 2026 revenue of $2.20 billion. The thesis depends on onsite locations, vending penetration, industrial demand, working-capital discipline and cash conversion.
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Fastenal: the factory-floor distributor whose cash test starts with vending and onsite scaleFastenal reported 2025 revenue of $8.20 billion and Q1 2026 revenue of $2.20 billion. The thesis depends on onsite locations, vending penetration, industrial demand, working-capital discipline and cash conversion.NASDAQJul 22, 20265 minReadSlides