Revenue Race: Fastenal vs. Allegion

In the competitive landscape of industrial and security solutions, Fastenal Company and Allegion plc have been vying for revenue supremacy since 2014. Fastenal, a leader in industrial supplies, consistently outpaces Allegion, a key player in security products, with revenues nearly double that of its competitor. Over the past decade, Fastenal's revenue surged by approximately 97%, reaching a peak in 2023, while Allegion's revenue grew by about 72% in the same period.

A Decade of Growth

Fastenal's revenue growth is marked by a steady climb, with a notable increase of 22% from 2020 to 2023. Allegion, despite its smaller scale, has shown resilience, achieving a 34% increase in revenue from 2020 to 2023. However, the data for 2024 remains incomplete, leaving room for speculation on future trends.

Conclusion

As we look to the future, the question remains: Can Allegion close the gap, or will Fastenal continue to dominate?