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Fastenal vs Sherwin Williams: revenue, profit, margins and growth compared

Fastenal brought in $8.2B of revenue in fiscal 2025, Sherwin Williams $23.6B in fiscal 2025. Revenue changed by +8.7% at Fastenal and +2.1% at Sherwin Williams on the year before, so Fastenal grew faster. Fastenal kept 15.3% of its revenue as net profit, Sherwin Williams 10.9%. Free cash flow was $1.1B at Fastenal and $2.7B at Sherwin Williams.

Side by side, latest fiscal year

FASTSHW
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$8.2B$23.6B
Revenue growth+8.7%+2.1%
Net income$1.3B$2.6B
Net margin15.3%10.9%
Free cash flow$1.1B$2.7B
Free cash flow margin12.8%11.3%
Earnings per share (diluted)$1.09$10.26
Cash$276.8M$207.2M
Debt$125M$9.7B
Price to earnings46.332.1
Market value$57.9B$79.9B
Dividend yield1.74%0.96%
Rank by revenue in sector#137 of 778 · Consumer discretionary#47 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: $8.2BSHW FY2018: $17.5BSHW FY2019: $17.9BSHW FY2020: $18.4BSHW FY2021: $19.9BSHW FY2022: $22.1BSHW FY2023: $23.1BSHW FY2024: $23.1BSHW FY2025: $23.6BFY18FY19FY20FY21FY22FY23FY24FY25
FAST $8.2BSHW $23.6B
Net income
FAST FY2018: $751.9MFAST FY2019: $790.9MFAST FY2020: $859.1MFAST FY2021: $925MFAST FY2022: $1.1BFAST FY2023: $1.2BFAST FY2024: $1.2BFAST FY2025: $1.3BSHW FY2018: $1.1BSHW FY2019: $1.5BSHW FY2020: $2BSHW FY2021: $1.9BSHW FY2022: $2BSHW FY2023: $2.4BSHW FY2024: $2.7BSHW FY2025: $2.6BFY18FY19FY20FY21FY22FY23FY24FY25
FAST $1.3BSHW $2.6B
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%SHW FY2018: 6.3%SHW FY2019: 8.6%SHW FY2020: 11.1%SHW FY2021: 9.3%SHW FY2022: 9.1%SHW FY2023: 10.4%SHW FY2024: 11.6%SHW FY2025: 10.9%FY18FY19FY20FY21FY22FY23FY24FY25
FAST 15.3%SHW 10.9%
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%SHW FY2019: +2.1%SHW FY2020: +2.6%SHW FY2021: +8.6%SHW FY2022: +11.1%SHW FY2023: +4.1%SHW FY2024: +0.2%SHW FY2025: +2.1%FY19FY20FY21FY22FY23FY24FY25
FAST +8.7%SHW +2.1%
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: $1.1BSHW FY2018: $1.7BSHW FY2019: $2BSHW FY2020: $3.1BSHW FY2021: $1.9BSHW FY2022: $1.3BSHW FY2023: $2.6BSHW FY2024: $2.1BSHW FY2025: $2.7BFY18FY19FY20FY21FY22FY23FY24FY25
FAST $1.1BSHW $2.7B

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

Questions about Fastenal and Sherwin Williams

Which is bigger by revenue, Fastenal or Sherwin Williams?

Sherwin Williams is bigger by revenue: $23.6B in fiscal 2025, against $8.2B for Fastenal in fiscal 2025.

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

Fastenal had a net margin of 15.3% in fiscal 2025; Sherwin Williams had 10.9% in fiscal 2025.

Which grew revenue faster, Fastenal or Sherwin Williams?

In their latest fiscal years revenue changed by +8.7% at Fastenal and +2.1% at Sherwin Williams.

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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