vs
Fastenal（FAST）与高德纳（IT）财务数据对比。点击上方公司名可切换其他公司
Fastenal的季度营收约是高德纳的1.2倍（$2.0B vs $1.8B），Fastenal净利率更高（14.5% vs 13.8%，领先0.7%），Fastenal同比增速更快（3.5% vs 2.2%），Fastenal自由现金流更多（$308.2M vs $270.7M），过去两年高德纳的营收复合增速更高（9.1% vs 2.9%）
Fastenal是1967年成立的美国上市企业，总部位于明尼苏达州威诺纳，是北美最大的紧固件分销商，同时也是工业和建筑用品的主流供应商，可提供货柜备货、智能售货柜、库存管理、物流配送等一站式供应链解决方案。
高德纳是美国专注于商业与科技领域的研究咨询机构，服务客户覆盖大型企业、政府机构、科技公司、投资机构等群体，通过输出研究报告、举办行业峰会、提供定制咨询等形式，为客户决策提供权威专业的洞见支撑。
FAST vs IT — 直观对比
营收规模更大
FAST
是对方的1.2倍
$1.8B
营收增速更快
FAST
高出1.3%
2.2%
净利率更高
FAST
高出0.7%
13.8%
自由现金流更多
FAST
多$37.5M
$270.7M
两年增速更快
IT
近两年复合增速
2.9%
损益表 — Q1 FY2026 vs Q4 FY2025
| 指标 | | |
|---|---|---|
| 营收 | $2.0B | $1.8B |
| 净利润 | $293.9M | $242.2M |
| 毛利率 | 44.3% | 67.8% |
| 营业利润率 | 18.9% | 19.1% |
| 净利率 | 14.5% | 13.8% |
| 营收同比 | 3.5% | 2.2% |
| 净利润同比 | -1.6% | -39.2% |
| 每股收益（稀释后） | $-0.01 | $3.36 |
绿色 = 该指标领先。财年不对齐时期间可能不同
8季度营收与利润趋势
并排季度历史对比，按日历期对齐，财年错位的公司也能正确匹配
营收FASTIT
| Q1 26 | $2.0B | — | ||
| Q4 25 | $2.0B | $1.8B | ||
| Q3 25 | $2.1B | $1.5B | ||
| Q2 25 | $2.1B | $1.7B | ||
| Q1 25 | $2.0B | $1.5B | ||
| Q4 24 | $1.8B | $1.7B | ||
| Q3 24 | $1.9B | $1.5B | ||
| Q2 24 | $1.9B | $1.6B |
净利润FASTIT
| Q1 26 | $293.9M | — | ||
| Q4 25 | $293.9M | $242.2M | ||
| Q3 25 | $335.5M | $35.4M | ||
| Q2 25 | $330.3M | $240.8M | ||
| Q1 25 | $298.7M | $210.9M | ||
| Q4 24 | $262.1M | $398.6M | ||
| Q3 24 | $298.1M | $415.0M | ||
| Q2 24 | $292.7M | $229.5M |
毛利率FASTIT
| Q1 26 | 44.3% | — | ||
| Q4 25 | 44.3% | 67.8% | ||
| Q3 25 | 45.3% | 69.3% | ||
| Q2 25 | 45.3% | 68.6% | ||
| Q1 25 | 45.1% | 69.4% | ||
| Q4 24 | 44.8% | 66.8% | ||
| Q3 24 | 44.9% | 68.4% | ||
| Q2 24 | 45.1% | 68.6% |
营业利润率FASTIT
| Q1 26 | 18.9% | — | ||
| Q4 25 | 18.9% | 19.1% | ||
| Q3 25 | 20.7% | 5.7% | ||
| Q2 25 | 21.0% | 19.4% | ||
| Q1 25 | 20.1% | 18.1% | ||
| Q4 24 | 18.9% | 18.5% | ||
| Q3 24 | 20.3% | 16.6% | ||
| Q2 24 | 20.2% | 20.0% |
净利率FASTIT
| Q1 26 | 14.5% | — | ||
| Q4 25 | 14.5% | 13.8% | ||
| Q3 25 | 15.7% | 2.3% | ||
| Q2 25 | 15.9% | 14.3% | ||
| Q1 25 | 15.2% | 13.7% | ||
| Q4 24 | 14.4% | 23.2% | ||
| Q3 24 | 15.6% | 28.0% | ||
| Q2 24 | 15.3% | 14.4% |
每股收益（稀释后）FASTIT
| Q1 26 | $-0.01 | — | ||
| Q4 25 | $-0.01 | $3.36 | ||
| Q3 25 | $0.29 | $0.47 | ||
| Q2 25 | $0.29 | $3.11 | ||
| Q1 25 | $0.52 | $2.71 | ||
| Q4 24 | $0.45 | $5.08 | ||
| Q3 24 | $0.52 | $5.32 | ||
| Q2 24 | $0.51 | $2.93 |
资产负债表与财务实力
最新季度各公司的流动性、杠杆与账面价值一览
| 指标 | | |
|---|---|---|
| 现金及短期投资手头流动性 | $276.8M | $1.7B |
| 总债务越低越好 | $125.0M | — |
| 股东权益账面价值 | $3.9B | $319.9M |
| 总资产 | $5.1B | $8.1B |
| 负债/权益比越低杠杆越低 | 0.03× | — |
8季度趋势，按日历期对齐
现金及短期投资FASTIT
| Q1 26 | $276.8M | — | ||
| Q4 25 | $276.8M | $1.7B | ||
| Q3 25 | $288.1M | $1.4B | ||
| Q2 25 | $237.8M | $2.2B | ||
| Q1 25 | $231.8M | $2.1B | ||
| Q4 24 | $255.8M | $1.9B | ||
| Q3 24 | $292.2M | $1.8B | ||
| Q2 24 | $255.5M | $1.2B |
总债务FASTIT
| Q1 26 | $125.0M | — | ||
| Q4 25 | $125.0M | — | ||
| Q3 25 | $195.0M | — | ||
| Q2 25 | $230.0M | — | ||
| Q1 25 | $200.0M | — | ||
| Q4 24 | $200.0M | — | ||
| Q3 24 | $240.0M | — | ||
| Q2 24 | $235.0M | — |
股东权益FASTIT
| Q1 26 | $3.9B | — | ||
| Q4 25 | $3.9B | $319.9M | ||
| Q3 25 | $3.9B | $556.6M | ||
| Q2 25 | $3.8B | $1.5B | ||
| Q1 25 | $3.7B | $1.5B | ||
| Q4 24 | $3.6B | $1.4B | ||
| Q3 24 | $3.6B | $1.1B | ||
| Q2 24 | $3.5B | $646.7M |
总资产FASTIT
| Q1 26 | $5.1B | — | ||
| Q4 25 | $5.1B | $8.1B | ||
| Q3 25 | $5.1B | $7.2B | ||
| Q2 25 | $5.0B | $8.3B | ||
| Q1 25 | $4.9B | $8.5B | ||
| Q4 24 | $4.7B | $8.5B | ||
| Q3 24 | $4.7B | $7.8B | ||
| Q2 24 | $4.6B | $7.4B |
负债/权益比FASTIT
| Q1 26 | 0.03× | — | ||
| Q4 25 | 0.03× | — | ||
| Q3 25 | 0.05× | — | ||
| Q2 25 | 0.06× | — | ||
| Q1 25 | 0.05× | — | ||
| Q4 24 | 0.06× | — | ||
| Q3 24 | 0.07× | — | ||
| Q2 24 | 0.07× | — |
现金流与资本效率
扣除再投资后实际产生的现金。现金流比净利润更难造假
| 指标 | | |
|---|---|---|
| 经营现金流最新季度 | $368.2M | $294.5M |
| 自由现金流经营现金流 - 资本支出 | $308.2M | $270.7M |
| 自由现金流率自由现金流/营收 | 15.2% | 15.4% |
| 资本支出强度资本支出/营收 | 3.0% | 1.4% |
| 现金转化率经营现金流/净利润 | 1.25× | 1.22× |
| 过去12个月自由现金流最近4个季度 | $1.2B | $1.2B |
8季度趋势，按日历期对齐
经营现金流FASTIT
| Q1 26 | $368.2M | — | ||
| Q4 25 | $368.2M | $294.5M | ||
| Q3 25 | $386.9M | $298.7M | ||
| Q2 25 | $278.6M | $383.6M | ||
| Q1 25 | $262.2M | $313.5M | ||
| Q4 24 | $282.8M | $335.4M | ||
| Q3 24 | $296.9M | $590.8M | ||
| Q2 24 | $258.0M | $370.0M |
自由现金流FASTIT
| Q1 26 | $308.2M | — | ||
| Q4 25 | $308.2M | $270.7M | ||
| Q3 25 | $326.6M | $269.3M | ||
| Q2 25 | $209.3M | $347.3M | ||
| Q1 25 | $206.5M | $287.9M | ||
| Q4 24 | $222.6M | $311.4M | ||
| Q3 24 | $237.5M | $565.0M | ||
| Q2 24 | $201.9M | $340.6M |
自由现金流率FASTIT
| Q1 26 | 15.2% | — | ||
| Q4 25 | 15.2% | 15.4% | ||
| Q3 25 | 15.3% | 17.7% | ||
| Q2 25 | 10.1% | 20.6% | ||
| Q1 25 | 10.5% | 18.8% | ||
| Q4 24 | 12.2% | 18.2% | ||
| Q3 24 | 12.4% | 38.1% | ||
| Q2 24 | 10.5% | 21.4% |
资本支出强度FASTIT
| Q1 26 | 3.0% | — | ||
| Q4 25 | 3.0% | 1.4% | ||
| Q3 25 | 2.8% | 1.9% | ||
| Q2 25 | 3.3% | 2.1% | ||
| Q1 25 | 2.8% | 1.7% | ||
| Q4 24 | 3.3% | 1.4% | ||
| Q3 24 | 3.1% | 1.7% | ||
| Q2 24 | 2.9% | 1.8% |
现金转化率FASTIT
| Q1 26 | 1.25× | — | ||
| Q4 25 | 1.25× | 1.22× | ||
| Q3 25 | 1.15× | 8.45× | ||
| Q2 25 | 0.84× | 1.59× | ||
| Q1 25 | 0.88× | 1.49× | ||
| Q4 24 | 1.08× | 0.84× | ||
| Q3 24 | 1.00× | 1.42× | ||
| Q2 24 | 0.88× | 1.61× |
财务流量对比
营收 → 毛利润 → 营业利润 → 净利润流向图
业务分部营收拆解
FAST
| Reportable Segment Aggregation Before Other Operating Segment | $1.8B | 90% |
| Other | $211.2M | 10% |
IT
| Transferred Over Time | $1.3B | 73% |
| Conferences | $286.2M | 16% |
| Consulting | $133.6M | 8% |
| Other | $52.3M | 3% |
