Who Generates Higher Gross Profit? Fastenal Company or ZTO Express (Cayman) Inc.

A Tale of Two Giants: Fastenal vs. ZTO Express

In the ever-evolving landscape of global commerce, the battle for supremacy in gross profit generation is a captivating narrative. Fastenal Company, a stalwart in industrial supplies, and ZTO Express, a titan in logistics, have been vying for the top spot since 2014. Over the past decade, ZTO Express has consistently outperformed Fastenal, boasting a staggering 108% increase in gross profit from 2014 to 2023. In contrast, Fastenal's growth, while steady, has been more modest at around 78% over the same period.

The year 2023 marked a significant milestone, with ZTO Express achieving a gross profit of approximately $11.66 billion, nearly 3.5 times that of Fastenal's $3.35 billion. This trend underscores the burgeoning demand for logistics services in a globalized economy. As we look to the future, the question remains: can Fastenal close the gap, or will ZTO Express continue to dominate?