Revenue Showdown: Fastenal Company vs AMETEK, Inc.

In the competitive landscape of industrial supply and manufacturing, Fastenal Company and AMETEK, Inc. have been key players. Over the past decade, these companies have demonstrated resilience and growth, with Fastenal consistently outpacing AMETEK in revenue.

A Decade of Growth

From 2014 to 2023, Fastenal's revenue surged by approximately 97%, reaching a peak in 2023. In contrast, AMETEK's revenue grew by about 64% over the same period. Notably, Fastenal's revenue in 2023 was 11% higher than AMETEK's, highlighting its robust market position.

The Pandemic Effect

The year 2020 marked a challenging period for both companies, with AMETEK experiencing a 12% dip in revenue, while Fastenal managed a modest 6% increase. This resilience underscores Fastenal's strategic adaptability during economic downturns.

As we look to the future, Fastenal's projected revenue for 2024 suggests continued growth, while AMETEK's data remains to be seen.