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Fastenal vs Tractor Supply: revenue, profit, margins and growth compared

Fastenal brought in $8.2B of revenue in fiscal 2025, Tractor Supply $15.5B in fiscal 2025. Revenue changed by +8.7% at Fastenal and +4.3% at Tractor Supply on the year before, so Fastenal grew faster. Fastenal kept 15.3% of its revenue as net profit, Tractor Supply 7.1%. Free cash flow was $1.1B at Fastenal and $740.5M at Tractor Supply.

Side by side, latest fiscal year

FASTTSCO
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 27, 2025)
Revenue$8.2B$15.5B
Revenue growth+8.7%+4.3%
Net income$1.3B$1.1B
Net margin15.3%7.1%
Free cash flow$1.1B$740.5M
Free cash flow margin12.8%4.8%
Earnings per share (diluted)$1.09$2.06
Cash$276.8M$194.1M
Debt$125M$150M
Price to earnings46.315.7
Market value$57.9B$16.8B
Dividend yield1.74%2.85%
Rank by revenue in sector#137 of 778 · Consumer discretionary#80 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: $8.2BTSCO FY2018: $7.9BTSCO FY2019: $8.4BTSCO FY2020: $10.6BTSCO FY2021: $12.7BTSCO FY2022: $14.2BTSCO FY2023: $14.6BTSCO FY2024: $14.9BTSCO FY2025: $15.5BFY18FY19FY20FY21FY22FY23FY24FY25
FAST $8.2BTSCO $15.5B
Net income
FAST FY2018: $751.9MFAST FY2019: $790.9MFAST FY2020: $859.1MFAST FY2021: $925MFAST FY2022: $1.1BFAST FY2023: $1.2BFAST FY2024: $1.2BFAST FY2025: $1.3BTSCO FY2018: $532.4MTSCO FY2019: $562.4MTSCO FY2020: $749MTSCO FY2021: $997.1MTSCO FY2022: $1.1BTSCO FY2023: $1.1BTSCO FY2024: $1.1BTSCO FY2025: $1.1BFY18FY19FY20FY21FY22FY23FY24FY25
FAST $1.3BTSCO $1.1B
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%TSCO FY2018: 6.7%TSCO FY2019: 6.7%TSCO FY2020: 7.1%TSCO FY2021: 7.8%TSCO FY2022: 7.7%TSCO FY2023: 7.6%TSCO FY2024: 7.4%TSCO FY2025: 7.1%FY18FY19FY20FY21FY22FY23FY24FY25
FAST 15.3%TSCO 7.1%
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%TSCO FY2019: +5.6%TSCO FY2020: +27.2%TSCO FY2021: +19.9%TSCO FY2022: +11.6%TSCO FY2023: +2.5%TSCO FY2024: +2.2%TSCO FY2025: +4.3%FY19FY20FY21FY22FY23FY24FY25
FAST +8.7%TSCO +4.3%
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: $1.1BTSCO FY2018: $415.9MTSCO FY2019: $594.3MTSCO FY2020: $1.1BTSCO FY2021: $510.3MTSCO FY2022: $583.6MTSCO FY2023: $580.2MTSCO FY2024: $636.8MTSCO FY2025: $740.5MFY18FY19FY20FY21FY22FY23FY24FY25
FAST $1.1BTSCO $740.5M

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

Questions about Fastenal and Tractor Supply

Which is bigger by revenue, Fastenal or Tractor Supply?

Tractor Supply is bigger by revenue: $15.5B in fiscal 2025, against $8.2B for Fastenal in fiscal 2025.

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

Fastenal had a net margin of 15.3% in fiscal 2025; Tractor Supply had 7.1% in fiscal 2025.

Which grew revenue faster, Fastenal or Tractor Supply?

In their latest fiscal years revenue changed by +8.7% at Fastenal and +4.3% at Tractor Supply.

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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