Fastenal delivered a robust fourth quarter to cap a 2025 recovery, underscored by double‑digit daily sales growth and resilient margin execution amid a mixed macro backdrop. In Q4 2025, revenue rose to $2.0274 billion, up 11.1% year over year, supported by a continued shift to higher‑value, service‑rich solutions (FMI vending, on‑site service and digital e‑commerce). Net income increased 12.2% YoY to $294.1 million, and earnings per share were $0.26. For the full year, Fastenal posted record annual sales of $8.2 billion (up ~9% vs. 2024) and net income of $1.261 billion (+9.4%), with a modest improvement in operating margin driven by disciplined SG&A management and favorable mix. A core theme of 2025 was expansion of the digital footprint (FMI devices, e‑commerce and EDI) which accounted for 62.1% of Q4 sales, and active FMI devices reached ~136,600, reflecting a sticky, on‑site service model that supports higher retention and cross‑sell opportunities. The company signaled a clear growth trajectory into 2026, emphasizing double‑digit net sales growth, continued key account expansion, and capital allocation focused on growth, technology, and shareholder returns. However, management cautioned that 2026 gross margins will face a modest contraction from the annual anniversary of the fastener expansion program, offset by SG&A efficiency and fixed‑cost leverage. The December holiday timing and macro unsteadiness remain headwinds, though the portfolio is positioned to navigate these dynamics through pricing discipline, supply‑chain visibility, and a broader addressable market.