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Held by 1,418 of 6,047 reporting institutions (99th percentile) — extremely crowded.
Data as of Q2 2026
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Ranked against 6 sector peers with collected financials. Valuation from latest close × latest fiscal-year fundamentals; 13F conviction as of 2026-06-30.
Percentile is “goodness” within the peer set (100 = best). For valuation and leverage that means cheaper / less-levered ranks higher.
| Company | Mkt cap ▼ | P/E | EV/EBITDA | P/S | Rev gr | Gross | Net | ROE | ROIC | Net D/EBITDA | 13F |
|---|---|---|---|---|---|---|---|---|---|---|---|
| HD | $285.1B | 20.1× | 13.7× | 1.7× | 3.2% | 33.3% | 8.6% | 110% | 22.8% | 2.0× | 3,996 |
| LOW | $101.8B | 15.3× | 11.4× | 1.2× | 3.1% | 33.5% | 7.7% | -67.1% | 22.3% | 3.1× | 2,580 |
| SHW | $76.5B | 30.7× | 23.5× | 3.2× | 2.1% | 48.8% | 10.9% | 55.9% | 17.0% | 2.8× | 1,679 |
| FAST | $57.2B | 45.7× | 31.1× | 7.0× | 8.7% | 45.0% | 15.3% | 31.9% | 30.9% | -0.1× | 1,418 |
| TSCO | $16.9B | 15.8× | 9.4× | 1.1× | 4.3% | 36.4% | 7.1% | 42.5% | 25.2% | 0.8× | 1,025 |
| BLDR | $5.8B | 13.8× | 7.3× | 0.4× | -7.4% | 30.4% | 2.9% | 10.0% | 4.9% | 3.1× | 646 |
| FND | $4.9B | 23.9× | 9.9× | 1.0× | 5.1% | 43.6% | 4.5% | 8.7% | 8.0% | 0.4× | 459 |
Peers = companies sharing FAST's sector (Retail-Building Materials, Hardware, Garden Supply) with collected SEC financials. Multiples use the most recent end-of-day close and latest fiscal-year fundamentals (trailing, not forward). Missing cells mean the peer never reported that line item, has no collected price, or has a non-positive denominator. Not investment advice.
Solve the discounted cash flow backwards, then stress-test the assumptions.
Average free cash flow across the last 3 positive fiscal years (FY2023, FY2024, FY2025). Smooths the cycle. Stock compensation is NOT charged — it is added back inside operating cash flow.
To be worth $50.49 today, the market must believe free cash flow compounds 17.6%/yr for a decade (off $1.09B on the 3-yr avg basis).
On the basis ($1.08B) the requirement is 17.7%/yr. Shares issued to employees are added back in operating cash flow, so this basis treats them as free.
The market's 17.6% is more optimistic than its 9-yr track record.
Default is 8.6% — this company's computed cost of capital (computed WACC), the same rate the Analysis tab discounts at.
2-stage DCF · 1.15B shares (market data) · net debt -$151.8M
mean 18.4% · volatility σ 33% · implied rate exceeded in 5/9 yrs
Central path = implied 17.6%/yr growth; shaded band = ±1σ (33%) of this company's historical FCF volatility, widening with time. The wider the band, the less certain the growth.
Reverse DCF: rather than guessing a fair value, we solve for the growth the current price implies, then you stress-test the assumptions. Enterprise value of the FCF stream, less net debt, ÷ shares. Educational — not a recommendation.
What the company returns to shareholders — and whether it's covered by cash.
The dividend takes 96% of free cash flow — sustainable but with limited headroom. Last year: $1.00B dividends + $0 buybacks = $1.00B returned on $1.05B FCF.
1 consecutive years of dividend increases · 4%/yr.
Yields use the latest fiscal-year dividends/buybacks over current market cap. Dividends and buybacks from the SEC cash-flow statement; payout coverage vs net income and free cash flow. Educational — not a recommendation.
How management deployed cash over 10 years — and what it earned on reinvestment.
A cash-return story — far more went to shareholders than back into the business (mature, low-reinvestment).
Reinvestment has been productive — operating income grew well per dollar put in. Current ROIC on all capital: 31%. Rough measure (includes maintenance capex).
Cash uses aggregated from the SEC cash-flow statement over 10 fiscal years. "Return on reinvestment" is a rough proxy — operating-income change ÷ cumulative CapEx + M&A — and includes maintenance capex. Educational — not a recommendation.
How much the company owes, how it's trended, and how comfortably it's serviced.
Cash of $245.7M covers the $40.0M due within a year 6.1× over. Scheduled principal only (excludes interest & revolver draws). As of 2020-12-31 (10-K).
Green ≤ 1.5× · amber ≤ 3× · red > 3× (leverage relative to cash earnings).
Interest is easily covered by operating profit. Effective rate ~5.0% on $125.0M of debt.
Cash of $276.8M fully covers short-term debt of $25.0M.
Mostly long-term debt (balance-sheet current vs non-current split). See the maturity ladder above for the year-by-year repayment schedule.
Debt, cash, interest and equity from the SEC balance sheet & income statement. Effective rate = interest ÷ average debt. Maturity ladder from the SEC long-term-debt repayment schedule. Educational — not a recommendation.
EOD close · as of 2026-10-08
How a revenue dollar becomes profit — FY2025
Dividends and buybacks are cash paid out, shown here against the same year's profit for scale — not funded from it.
Each value shows its share of revenue below it (common-size).
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.20B 100.0% | $7.55B 100.0% | $7.35B 100.0% | $6.98B 100.0% | $6.01B 100.0% | $5.65B 100.0% | $5.33B 100.0% | $4.97B 100.0% | $4.39B 100.0% | $3.96B 100.0% |
| Cost of Revenue | $4.51B 55.0% | $4.14B 54.9% | $3.99B 54.3% | $3.76B 53.9% | $3.23B 53.8% | $3.08B 54.5% | $2.82B 52.8% | $2.57B 51.7% | $2.23B 50.7% | $2.00B 50.4% |
| Gross Profit | $3.69B 45.0% | $3.40B 45.1% | $3.35B 45.7% | $3.22B 46.1% | $2.78B 46.2% | $2.57B 45.5% | $2.52B 47.2% | $2.40B 48.3% | $2.16B 49.3% | $1.96B 49.6% |
| Selling, General & Admin | $2.04B 24.8% | $1.89B 25.1% | $1.83B 24.9% | $1.76B 25.2% | $1.56B 25.9% | $1.43B 25.3% | $1.46B 27.3% | $1.40B 28.2% | $1.28B 29.2% | $1.17B 29.5% |
| Operating Income | $1.66B 20.2% | $1.51B 20.0% | $1.53B 20.8% | $1.45B 20.8% | $1.22B 20.3% | $1.14B 20.2% | $1.06B 19.8% | $999.2M 20.1% | $881.8M 20.1% | $795.8M 20.1% |
| Interest Expense | $6.2M 0.1% | $7.3M 0.1% | $10.8M 0.1% | $14.3M 0.2% | $9.7M 0.2% | $9.7M 0.2% | $13.9M 0.3% | $12.6M 0.3% | $9.1M 0.2% | $6.5M 0.2% |
| Pretax Income | $1.66B 20.2% | $1.51B 20.0% | $1.52B 20.7% | $1.44B 20.6% | $1.21B 20.1% | $1.13B 20.1% | $1.04B 19.6% | $987.0M 19.9% | $873.1M 19.9% | $789.7M 19.9% |
| Income Tax Expense | $396.6M 4.8% | $357.5M 4.7% | $367.0M 5.0% | $353.1M 5.1% | $282.8M 4.7% | $273.6M 4.8% | $252.8M 4.7% | $235.1M 4.7% | $294.5M 6.7% | $290.3M 7.3% |
| Net Income | $1.26B 15.3% | $1.15B 15.2% | $1.16B 15.7% | $1.09B 15.6% | $925.0M 15.4% | $859.1M 15.2% | $790.9M 14.8% | $751.9M 15.1% | $578.6M 13.2% | $499.4M 12.6% |
| Per Share | ||||||||||
| EPS (Basic) | $1.10 | $1.00 | $1.01 | $1.89 | $1.61 | $1.50 | $1.38 | $1.31 | $1.00 | $1.73 |
| EPS (Diluted) | $1.09 | $1.00 | $1.01 | $1.89 | $1.60 | $1.49 | $1.38 | $1.31 | $1.00 | $1.73 |
| Weighted Avg Shares (Basic) | 1.15B | 1.15B | 1.14B | 573.8M | 574.8M | 573.8M | 573.2M | 573.9M | 576.4M | 288.9M |
| Weighted Avg Shares (Diluted) | 1.15B | 1.15B | 1.15B | 575.6M | 577.1M | 575.7M | 574.4M | 574.3M | 576.7M | 289.2M |
Source: SEC EDGAR XBRL filings (annual, fiscal year). Quarterly flow items are derived from cumulative filings; balance-sheet figures are as-of each period end. Ratios and margins are computed, not reported.
Total shares institutions bought (green) vs sold (red) each quarter across all holders.
Inferred from quarter-over-quarter change in each fund's 13F position (new stakes count as buys, exits as sells). Not tick-level trades.
Top 40 institutional holders — bubble size is position value, color is the move since last quarter. Hover any holder for detail.
Drag any bubble to rearrange · size = dollar value of the position
EOD close · as of 2026-10-08
Where each multiple sits in its own 14-yr range · 100th pct blended
Dot = today · shaded = middle 50% · line = median. Lower percentile = cheaper vs its own 14-yr history.
Is the profit real, and how strong is the balance sheet?
FY2025 · every deduction from revenue to net income
DuPont — the three levers
ROE 32% against ROIC 31% — 1% of the return on equity comes from leverage and buybacks rather than from the operating business.
Equity is the year-end figure. On average equity over the two year-ends, ROE is 33.3% — the two diverge when buybacks or issuance move equity during the year.
What the company owes vs. what it holds
This shows debt/cash structure and net leverage. The year-by-year maturity schedule is on the Debt & Leverage tab.
Latest year: profit growth vs revenue growth
Low operating leverage — profit tracks sales closely (stable, less cyclical).
Each line as % of revenue — the trend in color
| % of revenue | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|
| Cost of Revenue | 51.7 | 52.8 | 54.5 | 53.8 | 53.9 | 54.3 | 54.9 | 55.0 |
| Gross Profit | 48.3 | 47.2 | 45.5 | 46.2 | 46.1 | 45.7 | 45.1 | 45.0 |
| SG&A | 28.2 | 27.3 | 25.3 | 25.9 | 25.2 | 24.9 | 25.1 | 24.8 |
| Operating Income | 20.1 | 19.8 | 20.2 | 20.3 | 20.8 | 20.8 | 20.0 | 20.2 |
| Income Tax | 4.7 | 4.7 | 4.8 | 4.7 | 5.1 | 5.0 | 4.7 | 4.8 |
| Net Income | 15.1 | 14.8 | 15.2 | 15.4 | 15.6 | 15.7 | 15.2 | 15.3 |
Green = margin-favorable vs the row's own range · red = unfavorable.
The metrics that matter, over time
A 30-second read on FAST: price, valuation and headline fundamentals from SEC filings. The four questions at the top of the page are where the judgements live.
Earns 20.57pts above its cost of capital, but margins are compressing.
| Period | ROIC | Cost of capital | Spread |
|---|---|---|---|
| FY2019 | 25.2% | 8.6% (today's — no rate published for this year) | 16.6pts |
| FY2020 | 26.7% | 8.6% (today's — no rate published for this year) | 18.1pts |
| FY2021 | 26.0% | 6.2% | 19.8pts |
| FY2022 | 28.5% | 8.7% | 19.9pts |
| FY2023 | 30.5% | 8.6% | 22.0pts |
| FY2024 | 28.7% | 9.4% | 19.4pts |
| FY2025 | 29.5% | 8.3% | 21.2pts |
| Now | 30.9% | 8.6% | 22.3pts |
| Fiscal year | Gross margin | Operating margin | Net margin |
|---|---|---|---|
| FY2016 | 49.6% | 20.1% | 12.6% |
| FY2017 | 49.3% | 20.1% | 13.2% |
| FY2018 | 48.3% | 20.1% | 15.1% |
| FY2019 | 47.2% | 19.8% | 14.8% |
| FY2020 | 45.5% | 20.2% | 15.2% |
| FY2021 | 46.2% | 20.3% | 15.4% |
| FY2022 | 46.1% | 20.8% | 15.6% |
| FY2023 | 45.7% | 20.8% | 15.7% |
| FY2024 | 45.1% | 20.0% | 15.2% |
| FY2025 | 45.0% | 20.2% | 15.3% |
Return on equity (32%) and return on invested capital (31%) are within a couple of points in FY2025, so the headline return is the operating return — there is no meaningful leverage effect to strip out.
Margins have compressed 4 years running even as the spread stayed positive.
Converts 0.82x of reported profit into cash — adequate, without much margin.
Shares outstanding are up 100% since FY2019 — per-share cash flow has grown more slowly than the totals above, and the gap is the owners'.
Covers interest 186.9x even after a 30% EBITDA decline.
| EBITDA decline | Interest coverage |
|---|---|
| 0% | 267.05x |
| 5% | 253.70x |
| 10% | 240.34x |
| 15% | 226.99x |
| 20% | 213.64x |
| 25% | 200.29x |
| 30% | 186.93x |
| 35% | 173.58x |
| 40% | 160.23x |
| 45% | 146.88x |
| 50% | 133.52x |
| 55% | 120.17x |
| 60% | 106.82x |
This schedule comes from a filing dated 2020-12-31, 2108 days old. Maturities are shown relative to that date, not to today.
Ladder as of 2020-12-31 (10-K); cash from the 2020-12-31 balance sheet; FCF from FY2020.
Balance sheet at 2020-12-31. Undrawn revolving credit is not shown: the tag is collected but not yet mapped through to the API.
Operating leases are $316,900,000 of the $441,900,000 total — a fixed obligation that does not appear in a headline debt figure.
At $49.83, free cash flow must compound 17.46%/yr for 10 years. It has done 9.9%/yr over 6 years.
| Fiscal year | FCF growth | Price requires |
|---|---|---|
| FY2020 | 56.6% | 17.5% |
| FY2021 | −34.3% | 17.5% |
| FY2022 | 25.1% | 17.5% |
| FY2023 | 64.2% | 17.5% |
| FY2024 | −24.9% | 17.5% |
| FY2025 | 11.0% | 17.5% |
The implied rate has been matched or beaten in 3 of the last 6 years.
| Step | Amount | Running total |
|---|---|---|
| Net income | $1.26B | $1.26B |
| Share-based comp | $8M | $1.27B |
| Other non-cash & working capital | $29M | $1.30B |
| Operating cash flow | $1.30B | $1.30B |
| Capex | −$245M | $1.05B |
| Free cash flow | $1.05B | $1.05B |
| FCF after SBC | $1.04B | $1.04B |
| Fiscal year | Revenue growth | Receivables growth | Gap |
|---|---|---|---|
| FY2020 | 5.9% | 3.7% | -2.2 points |
| FY2021 | 6.4% | 17.0% | 10.6 points |
| FY2022 | 16.1% | 12.6% | -3.6 points |
| FY2023 | 5.2% | 7.3% | 2.1 points |
| FY2024 | 2.7% | 1.9% | -0.8 points |
| FY2025 | 8.7% | 12.3% | 3.7 points |
| Fiscal year | DSO | DIO | DPO | Cash conversion cycle |
|---|---|---|---|---|
| FY2019 | 50.8 days | 177 days | 25 days | 202.8 days |
| FY2020 | 49.7 days | 158.5 days | 24.5 days | 183.7 days |
| FY2021 | 54.7 days | 172 days | 26.3 days | 200.3 days |
| FY2022 | 53 days | 165.6 days | 24.7 days | 193.8 days |
| FY2023 | 54 days | 139.2 days | 24.1 days | 169.1 days |
| FY2024 | 53.6 days | 144.9 days | 25.3 days | 173.2 days |
| FY2025 | 55.4 days | 141.5 days | 25.6 days | 171.3 days |
| Fiscal year | Accruals / assets |
|---|---|
| FY2019 | -1.4 percent |
| FY2020 | -6.1 percent |
| FY2021 | 3.6 percent |
| FY2022 | 3.2 percent |
| FY2023 | -6.2 percent |
| FY2024 | -0.5 percent |
| FY2025 | -0.7 percent |
SBC is added back inside operating cash flow, so reported free cash flow treats shares issued to employees as free. Percent of revenue says how expensive the payroll is; percent of operating cash flow says how much of the cash exists only because the charge was added back. The buyback offset is buybacks over SBC — below 1.0 the repurchase does not cover the shares issued.
Figures are the latest fiscal year (FY2025) from the company's own filings, not a trailing-twelve-month window — Q2 reads fiscal years throughout so the cash-conversion ratios and these share one basis. A blank is a line the filer did not report; it is never read as zero.
Total return (dividends reinvested) vs the market, from quarter-end prices.
Above 0 = ahead of the S&P 500 since the window start; below 0 = behind. Rising means it's pulling ahead.
How far the stock fell below its prior peak. Deeper, longer drawdowns = a rougher ride to the same return.
Quarter-end, dividend-adjusted (total return). Beta & volatility from quarterly returns (annualized). Benchmark is the S&P 500 (SPY total return). Annual returns compound the quarters ending in each calendar year; the first and last years in a window may be partial. Past performance doesn't predict future results.