Cost of Revenue Comparison: Fastenal Company vs Quanta Services, Inc.

Cost of Revenue: A Tale of Two Giants

In the ever-evolving landscape of industrial services, Fastenal Company and Quanta Services, Inc. stand as titans. Over the past decade, these companies have showcased contrasting trajectories in their cost of revenue. Fastenal, a leader in industrial supplies, has seen a steady increase, with costs rising by approximately 126% from 2014 to 2023. Meanwhile, Quanta Services, a powerhouse in infrastructure solutions, has experienced a more dramatic surge, with costs escalating by nearly 171% over the same period.

A Closer Look

Fastenal's cost of revenue grew from $1.8 billion in 2014 to $4.1 billion in 2023, reflecting its strategic expansion and operational efficiency. In contrast, Quanta Services' costs soared from $6.6 billion to $17.9 billion, underscoring its aggressive growth and market dominance. Notably, data for 2024 is incomplete, hinting at potential shifts in the coming year.