Who Generates Higher Gross Profit? Fastenal Company or IDEX Corporation

Fastenal vs. IDEX: A Decade of Gross Profit Comparison

In the competitive landscape of industrial supply and manufacturing, Fastenal Company and IDEX Corporation have been key players. Over the past decade, Fastenal has consistently outperformed IDEX in terms of gross profit. From 2014 to 2023, Fastenal's gross profit surged by approximately 79%, peaking at $3.35 billion in 2023. In contrast, IDEX's gross profit grew by about 53% during the same period, reaching $1.45 billion in 2023.

Fastenal's growth trajectory highlights its robust business model and market adaptability, especially evident in the significant leap from 2021 to 2022, where it saw a 16% increase. Meanwhile, IDEX has shown steady growth, albeit at a slower pace, with a notable 17% rise from 2021 to 2023. The data for 2024 is incomplete, but Fastenal's upward trend suggests continued dominance in gross profit generation.