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Fastenal vs GrowGeneration: revenue, profit, margins and growth compared

Fastenal brought in $8.2B of revenue in fiscal 2025, GrowGeneration $161.7M in fiscal 2025. Revenue changed by +8.7% at Fastenal and -14.4% at GrowGeneration on the year before, so Fastenal grew faster. Fastenal kept 15.3% of its revenue as net profit, GrowGeneration -14.9%.

Side by side, latest fiscal year

FASTGRWG
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.2B$161.7M
Revenue growth+8.7%-14.4%
Net income$1.3B-$24M
Net margin15.3%-14.9%
Free cash flow$1.1Bn/a
Free cash flow margin12.8%n/a
Earnings per share (diluted)$1.09-$0.40
Cash$276.8M$30.4M
Debt$125Mn/a
Price to earnings46.3n/a
Market value$57.9B$91.9M
Dividend yield1.74%n/a
Rank by revenue in sector#137 of 778 · Consumer discretionary#671 of 778 · Consumer discretionary

Over the years

Revenue
FAST FY2018: $5BFAST FY2019: $5.3BFAST FY2020: $5.6BFAST FY2021: $6BFAST FY2022: $7BFAST FY2023: $7.3BFAST FY2024: $7.5BFAST FY2025: $8.2BGRWG FY2018: $29MGRWG FY2019: $79.7MGRWG FY2020: $193.4MGRWG FY2021: $422.5MGRWG FY2022: $278.2MGRWG FY2023: $225.9MGRWG FY2024: $188.9MGRWG FY2025: $161.7MFY18FY19FY20FY21FY22FY23FY24FY25
FAST $8.2BGRWG $161.7M
Net income
FAST FY2018: $751.9MFAST FY2019: $790.9MFAST FY2020: $859.1MFAST FY2021: $925MFAST FY2022: $1.1BFAST FY2023: $1.2BFAST FY2024: $1.2BFAST FY2025: $1.3BGRWG FY2018: -$5.1MGRWG FY2019: $1.3MGRWG FY2020: $5.3MGRWG FY2021: $12.8MGRWG FY2022: -$163.7MGRWG FY2023: -$46.5MGRWG FY2024: -$49.5MGRWG FY2025: -$24MFY18FY19FY20FY21FY22FY23FY24FY25
FAST $1.3BGRWG -$24M
Net margin
FAST FY2018: 15.1%FAST FY2019: 14.8%FAST FY2020: 15.2%FAST FY2021: 15.4%FAST FY2022: 15.6%FAST FY2023: 15.7%FAST FY2024: 15.2%FAST FY2025: 15.3%GRWG FY2018: -17.5%GRWG FY2019: 1.7%GRWG FY2020: 2.8%GRWG FY2021: 3.0%GRWG FY2022: -58.9%GRWG FY2023: -20.6%GRWG FY2024: -26.2%GRWG FY2025: -14.9%FY18FY19FY20FY21FY22FY23FY24FY25
FAST 15.3%GRWG -14.9%
Revenue growth
FAST FY2019: +7.4%FAST FY2020: +5.9%FAST FY2021: +6.4%FAST FY2022: +16.1%FAST FY2023: +5.2%FAST FY2024: +2.7%FAST FY2025: +8.7%GRWG FY2019: +174.9%GRWG FY2020: +142.5%GRWG FY2021: +118.5%GRWG FY2022: -34.2%GRWG FY2023: -18.8%GRWG FY2024: -16.4%GRWG FY2025: -14.4%FY19FY20FY21FY22FY23FY24FY25
FAST +8.7%GRWG -14.4%
Free cash flow
FAST FY2018: $497.9MFAST FY2019: $596.3MFAST FY2020: $933.7MFAST FY2021: $613.5MFAST FY2022: $767.2MFAST FY2023: $1.3BFAST FY2024: $946.8MFAST FY2025: $1.1BGRWG FY2018: -$1.6MFY18FY19FY20FY21FY22FY23FY24FY25
FAST $1.1BGRWG -$1.6M

Fiscal years as each company reports them; the two may end in different months.

Questions about Fastenal and GrowGeneration

Which is bigger by revenue, Fastenal or GrowGeneration?

Fastenal is bigger by revenue: $8.2B in fiscal 2025, against $161.7M for GrowGeneration in fiscal 2025.

Which keeps more of its revenue as profit, Fastenal or GrowGeneration?

Fastenal had a net margin of 15.3% in fiscal 2025; GrowGeneration had -14.9% in fiscal 2025.

Which grew revenue faster, Fastenal or GrowGeneration?

In their latest fiscal years revenue changed by +8.7% at Fastenal and -14.4% at GrowGeneration.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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