Fastenal Company or Dover Corporation: Who Leads in Yearly Revenue?

Fastenal vs. Dover: A Revenue Race Over the Decade

In the competitive landscape of industrial supply and manufacturing, Fastenal Company and Dover Corporation have been key players. Over the past decade, Dover Corporation has consistently led in annual revenue, peaking in 2022 with a remarkable 8.5 billion dollars. However, Fastenal has shown impressive growth, nearly doubling its revenue from 2014 to 2023, reaching 7.3 billion dollars. This represents a growth rate of approximately 97%, compared to Dover's 9.7% increase over the same period.

Fastenal's upward trajectory is particularly notable in recent years, with a 22% increase from 2020 to 2023. Meanwhile, Dover's revenue has seen fluctuations, with a slight dip in 2023. As we look to the future, Fastenal's momentum suggests it could soon close the gap, making this a rivalry to watch closely.