Fastenal vs United Rentals
United Rentals is the larger business, with $16.10bn of revenue in fiscal 2025 against $8.20bn for Fastenal (2.0 times as much). Fastenal grew faster (8.7% against 4.9%). United Rentals kept more of each dollar of sales as profit: a net margin of 15.5% against 15.3%. Fastenal carries less debt relative to equity (3.2% against 159.5%).
| Latest fiscal year | FastenalFAST, 2025 | United RentalsURI, 2025 |
|---|---|---|
| Revenue | $8.20bn | $16.10bn |
| Revenue growth | 8.7% | 4.9% |
| Net income | $1.26bn | $2.49bn |
| Operating margin | 20.2% | 24.7% |
| Net margin | 15.3% | 15.5% |
| Return on equity | 33.3% | 28.4% |
| Free cash flow | $1.05bn | $5.19bn |
| Cash | $277m | $459m |
| Total debt | $125m | $14.30bn |
| Debt to equity | 3.2% | 159.5% |
| Dividend per share | $0.88 | $7.16 |
| Dividend yield | 1.8% | 0.7% |
| Share buybacks | — | $1.97bn |
| Employees | 24,489 | — |
| Market value | $59.99bn | $72.79bn |
| Price vs our value range | Above our value range | Within our value range |
| Moat score | 80 (Strong) | 86 (Strong) |
| Insider trades, 12 months | 5 buys, 8 sales | 1 buys, 7 sales |