Fastenal Management
Management criteria checks 4/4
Fastenal's CEO is Dan Florness, appointed in Jan 2016, has a tenure of 9.67 years. total yearly compensation is $1.70M, comprised of 41.3% salary and 58.7% bonuses, including company stock and options. directly owns 0.053% of the company’s shares, worth $29.91M. The average tenure of the management team and the board of directors is 9.2 years and 9.7 years respectively.
Key information
Dan Florness
Chief executive officer
US$1.7m
Total compensation
| CEO salary percentage | 41.28% |
| CEO tenure | 9.7yrs |
| CEO ownership | 0.05% |
| Management average tenure | 9.2yrs |
| Board average tenure | 9.7yrs |
Recent management updates
Recent updates
Fastenal Q2: Growth Reaccelerates, But Consider Tariffs And Valuation
Jul 14Is Now The Time To Look At Buying Fastenal Company (NASDAQ:FAST)?
May 25
We Think Fastenal (NASDAQ:FAST) Can Stay On Top Of Its Debt
May 10Fastenal: Expensive But Strong Growth Prospects
Apr 19There Could Be A Chance Fastenal Company's (NASDAQ:FAST) CEO Will Have Their Compensation Increased
Apr 17Fastenal (NASDAQ:FAST) Is Increasing Its Dividend To $0.44
Apr 13Fastenal: Set To Gain Market Share In Tough Times, But There's A Caveat
Apr 12Here's What Fastenal's (NASDAQ:FAST) Strong Returns On Capital Mean
Mar 28Risks To Shareholder Returns Are Elevated At These Prices For Fastenal Company (NASDAQ:FAST)
Feb 26Fastenal's (NASDAQ:FAST) Shareholders Will Receive A Bigger Dividend Than Last Year
Jan 21At US$71.63, Is It Time To Put Fastenal Company (NASDAQ:FAST) On Your Watch List?
Jan 13Fastenal (NASDAQ:FAST) Has A Pretty Healthy Balance Sheet
Dec 29Fastenal: High Quality, But Valuation Concerns Apparent Amid Manufacturing Uncertainty
Dec 27Are Fastenal Company (NASDAQ:FAST) Investors Paying Above The Intrinsic Value?
Dec 15Earnings Update: Here's Why Analysts Just Lifted Their Fastenal Company (NASDAQ:FAST) Price Target To US$72.20
Oct 18High-Quality Dividend Stock Universe: Fastenal Company - In Need Of A Moderate Pullback
Oct 14Why We Like The Returns At Fastenal (NASDAQ:FAST)
Oct 11Fastenal: Resilience Is Overshadowed By Steep Valuation
Oct 06What Fastenal Company's (NASDAQ:FAST) P/E Is Not Telling You
Sep 27At US$69.82, Is Fastenal Company (NASDAQ:FAST) Worth Looking At Closely?
Sep 13Fastenal: Shifting From Branch To Onsite; Initiate With 'Sell' Due To High Valuation
Sep 12Fastenal Q2 Earnings: Stock Fairly Valued As Manufacturing Outlook Remains Soft
Jul 12Fastenal Q1 Earnings: Subdued Demand Despite Improving Manufacturing Outlook
Apr 11Fastenal: A New Member Of The Dividend Aristocrat Club You Probably Didn't Know
Mar 26Fastenal Q4 Earnings: Softer Manufacturing Environment, Shares Adequately Priced
Jan 18CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Jun 30 2025 | n/a | n/a | US$1b |
| Mar 31 2025 | n/a | n/a | US$1b |
| Dec 31 2024 | US$2m | US$700k | US$1b |
| Sep 30 2024 | n/a | n/a | US$1b |
| Jun 30 2024 | n/a | n/a | US$1b |
| Mar 31 2024 | n/a | n/a | US$1b |
| Dec 31 2023 | US$3m | US$700k | US$1b |
| Sep 30 2023 | n/a | n/a | US$1b |
| Jun 30 2023 | n/a | n/a | US$1b |
| Mar 31 2023 | n/a | n/a | US$1b |
| Dec 31 2022 | US$5m | US$700k | US$1b |
| Sep 30 2022 | n/a | n/a | US$1b |
| Jun 30 2022 | n/a | n/a | US$1b |
| Mar 31 2022 | n/a | n/a | US$984m |
| Dec 31 2021 | US$2m | US$675k | US$925m |
| Sep 30 2021 | n/a | n/a | US$890m |
| Jun 30 2021 | n/a | n/a | US$868m |
| Mar 31 2021 | n/a | n/a | US$867m |
| Dec 31 2020 | US$3m | US$675k | US$859m |
| Sep 30 2020 | n/a | n/a | US$842m |
| Jun 30 2020 | n/a | n/a | US$834m |
| Mar 31 2020 | n/a | n/a | US$799m |
| Dec 31 2019 | US$2m | US$600k | US$791m |
| Sep 30 2019 | n/a | n/a | US$781m |
| Jun 30 2019 | n/a | n/a | US$765m |
| Mar 31 2019 | n/a | n/a | US$772m |
| Dec 31 2018 | US$2m | US$550k | US$752m |
Compensation vs Market: Dan's total compensation ($USD1.70M) is below average for companies of similar size in the US market ($USD13.61M).
Compensation vs Earnings: Dan's compensation has been consistent with company performance over the past year.
CEO
Dan Florness (62 yo)
Mr. Daniel L. Florness, also known as Dan, has been the Chief Executive Officer and Director at Fastenal Company since January 1, 2016 and served as its President since January 1, 2016 until August 01, 202...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.7yrs | US$1.70m | 0.053% $ 29.9m | |
| President & Chief Sales Officer | 2.3yrs | US$1.07m | 0.0010% $ 587.1k | |
| Senior Executive Vice President of Sales | 9.8yrs | US$847.67k | 0.0023% $ 1.3m | |
| Executive Vice President of Sales | 8.8yrs | US$731.67k | 0.0020% $ 1.1m | |
| Executive VP | 11.9yrs | US$342.90k | 0.0013% $ 705.7k | |
| Executive Vice President of Operations | 3.3yrs | no data | 0.0011% $ 626.6k | |
| VP & General Counsel | no data | no data | no data | |
| Executive VP of Strategy & Communications | less than a year | no data | 0.000040% $ 22.6k | |
| Executive Vice President of Human Resources | 2.6yrs | no data | no data | |
| Executive Vice President of Manufacturing | 17.8yrs | US$1.26m | 0.0080% $ 4.5m | |
| Senior Executive Vice President of Information Technology | 11.3yrs | US$1.23m | 0.0027% $ 1.5m | |
| Financial Reporting & Regulatory Compliance Accountant | no data | no data | no data |
Experienced Management: FAST's management team is seasoned and experienced (9.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| CEO & Director | 9.7yrs | US$1.70m | 0.053% $ 29.9m | |
| Director | 25.3yrs | US$150.00k | 0.0035% $ 2.0m | |
| Independent Chair of the Board | 16.7yrs | US$200.00k | 0.0044% $ 2.5m | |
| Independent Director | 13.2yrs | US$170.00k | 0.0035% $ 2.0m | |
| Independent Director | 4.1yrs | US$150.00k | 0.00035% $ 197.6k | |
| Independent Director | 9.3yrs | US$150.00k | 0.0019% $ 1.0m | |
| Independent Director | 16.7yrs | US$170.00k | 0.0057% $ 3.2m | |
| Independent Director | 10.3yrs | US$170.00k | 0.0017% $ 982.3k | |
| Independent Director | less than a year | no data | no data | |
| Independent Director | 5.1yrs | US$150.00k | 0.00070% $ 395.2k | |
| Independent Director | 2.3yrs | US$150.00k | 0% $ 0 |
Experienced Board: FAST's board of directors are considered experienced (9.7 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/09/03 17:06 |
| End of Day Share Price | 2025/09/03 00:00 |
| Earnings | 2025/06/30 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Fastenal Company is covered by 43 analysts. 15 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| John Eade | Argus Research Company |
| David Manthey | Baird |
| Scott Davis | Barclays |