Embedded industrial supply
Fastenal Company
Fastenal distributes fasteners, safety products, and MRO supplies to manufacturers and non-residential construction customers. It generates contract sales by placing inventory, people, and FASTVend and FASTBin systems at customer sites, while sourcing branded products from manufacturers including 3M and Illinois Tool Works. In 2020, it acquired Apex vending-technology assets to bring a core part of that operating platform in-house.
FAST Updated Sep 11, 2026 4 AI consumers· 2 recurring
Per the valuechain.wiki graph, Fastenal Company is directly linked to 2 companies (2 supply, 0 revenue relationships) and reaches 4 companies within two hops; the links are backed by 8 dated sources, 2 of them primary filings (as of 2026-09-11).
Financials & Segments
- Total revenue · $8.2005 billion (FY2025)
- Segments · Fasteners · Safety supplies · Other non-fastener products
Revenue from
- Pilgrim's High confidence
Fastenal supplies MRO and PPE inventory to Pilgrim's Moorefield, West Virginia operation with dedicated onsite staff. Customer-specific revenue is not disclosed, and no customer accounted for 5% or more of Fastenal's consolidated FY2025 sales.Confirms EN The Blue Print by Fastenal Published Jun 6, 2025: How Fastenal Helps Speed Up Pilgrim's Progress - Curtiss-Wright Corporation High confidence
Fastenal provides onsite inventory management, industrial vending, metalworking support, and asset management at Curtiss-Wright's Shelby, North Carolina plant. Five dedicated staff replenish roughly 1,200 items, but the contract value is not disclosed.Confirms EN The Blue Print by Fastenal Published Mar 10, 2026: The Simple Changes That Let Curtiss-Wright's Supply Chain Soar
Pays to
- 3M Company Medium confidence
An official 3M catalog maps 3M global product IDs to Fastenal part numbers, confirming that 3M filtration products move through Fastenal's distribution channel. Fastenal does not disclose its purchases from 3M or their share of total inventory purchases. - Illinois Tool Works Inc. Medium confidence
A GRK product sheet from Illinois Tool Works' construction fastener business maps ITW part numbers to Fastenal part numbers. This documents Fastenal's sourcing of ITW-branded fasteners for distribution, although purchase amounts are not disclosed.
Investments
- Apex Industrial Technologies LLC High confidence· Amount $125M · Q1 2020 · Amount invested to acquire vending-technology assets from Apex Industrial Technologies
In March 2020, Fastenal paid $125 million for Apex assets including key patents, designs, software, licenses, and direct access to the vending-equipment supply chain. An SEC 8-K, Fastenal's earnings release, and Korean-language market research independently confirm the transaction.Confirms KO Fortune Business Insights Published Aug 3, 2026: Industrial Vending Machines Market Size, Share and Industry AnalysisConfirms EN Fastenal Company Published Apr 14, 2020: Fastenal Company Reports 2020 First Quarter Earnings
Value-chain ripple (2 tiers)
Following node-to-node links up to 2 tiers; each firm is shown once, at its nearest tier.
| Company | Chain | '21 | '22 | '23 | '24 | '25 | YTD |
|---|---|---|---|---|---|---|---|
| Fastenal Company | node | +34.1 | -24.3 | +41.3 | +13.5 | +14 | +25.6 |
| Illinois Tool Works Inc. | benef1 | +23.6 | -8.5 | +21.6 | -1 | -0.4 | +11 |
| 3M Company | benef1 | +4.9 | -29.6 | -3.3 | +46.1 | +26.4 | +6.8 |
| Amazon | benef2 | +2.4 | -49.6 | +80.9 | +44.4 | +5.2 | +12 |
| Microsoft | benef2 | +52.5 | -28 | +58.2 | +12.9 | +15.6 | +4 |
YTD as of 2026-09-04 · source: Yahoo Finance
Fastenal Company operates across Embedded industrial supply. It stayed steadily positive in recent years and is +25.6% in 2026. The stock (+25.6%) and its supply side (avg +8.9%) are moving in step. Among connected nodes the furthest ahead is Illinois Tool Works Inc. (+11%) and the furthest behind is 3M Company (+6.8%). If chain logic explains the gap, the laggard is the next propagation candidate; if not, the link itself deserves a second look. In 2020, it acquired Apex vending-technology assets to bring a core part of that operating platform in-house.
Analysis generated from returns as of 2026-09-04