FAST vs. GD: Fastenal vs. General Dynamics Stock Comparison

November 11, 2026

How do Fastenal (FAST) and General Dynamics (GD) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

Fastenal (FAST) and General Dynamics (GD) both fall under the Capital Goods industry group, but FAST is classified in Trading Companies & Distributors while GD is classified in Aerospace & Defense.

Company profile comparison for Fastenal (FAST) and General Dynamics (GD)
Profile Item	FAST	GD
Name	Fastenal Co.	General Dynamics Corp.
Country/Region	United States	United States
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Trading Companies & Distributors	Aerospace & Defense
GICS Sub-Industry	Trading Companies & Distributors	Aerospace & Defense
Market Capitalization	60.80 billion USD	95.68 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	August 20, 1987	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FAST

GSPC

Fastenal (FAST) vs. General Dynamics (GD), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Fastenal (FAST) and General Dynamics (GD). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fastenal (FAST) and General Dynamics (GD). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Fastenal (FAST) and General Dynamics (GD)
Metric	FAST	GD
Total Return (1Y)	36.82%	6.52%
Total Return (3Y, Annualized)	25.71%	16.95%
Total Return (5Y, Annualized)	15.98%	14.65%

Risk Profile

Drawdown History

FAST

GSPC

Fastenal (FAST) vs. General Dynamics (GD), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Fastenal (FAST) and General Dynamics (GD). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fastenal (FAST) and General Dynamics (GD)
Metric	FAST	GD
Volatility (1Y, Annualized)	24.55%	23.03%
Beta (5Y)	0.64	0.30
Max Drawdown (5Y)	-30.71%	-22.55%
Avg. Volume (3M)	7.21M	1.19M

Risk-Adjusted Performance

Risk-Return Positioning

FAST and GD are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Fastenal (FAST) and General Dynamics (GD)
Metric	FAST	GD
Sharpe Ratio (1Y)	1.33	0.10
Sortino Ratio (1Y)	2.00	0.15

Profitability

ROE (TTM)

Fastenal (FAST) at 35.26% sits in the top ROE quartile, while General Dynamics (GD) at 18.01% is closer to the peer norm — stronger capital efficiency for FAST.

FAST

Capital Goods industry group

35.26%

Max: 40.55%
FAST: 35.26%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

GD

Capital Goods industry group

18.01%

Max: 40.55%
Q3: 19.29%
GD: 18.01%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

Fastenal (FAST) at 15.62% retains a top-quartile share of revenue as profit, ahead of General Dynamics (GD) at 8.24%, which keeps about the industry-typical share.

FAST

Capital Goods industry group

15.62%

Max: 27.47%
FAST: 15.62%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

GD

Capital Goods industry group

8.24%

Max: 27.47%
Q3: 12.10%
GD: 8.24%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Fastenal (FAST) at 21.55% operates in the top operating margin quartile, ahead of General Dynamics (GD) at 10.49%, which runs around its industry’s norm.

FAST

Capital Goods industry group

21.55%

Max: 36.60%
FAST: 21.55%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

GD

Capital Goods industry group

10.49%

Max: 36.60%
Q3: 18.33%
Median: 11.12%
GD: 10.49%
Q1: 5.14%
Min: -12.63%

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Fastenal (FAST) and General Dynamics (GD)
Metric	FAST	GD
ROE (TTM)	35.26%	18.01%
ROA (TTM)	21.97%	6.23%
Net Margin (TTM)	15.62%	8.24%
Operating Margin (TTM)	21.55%	10.49%
Gross Margin (TTM)	44.61%	15.42%

Growth

Revenue Growth

Both Fastenal (FAST) at 8.67% and General Dynamics (GD) at 10.13% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Fastenal (FAST) at 9.00% and General Dynamics (GD) at 13.35% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fastenal (FAST) and General Dynamics (GD)
Metric	FAST	GD
Revenue Growth (YoY)	8.67%	10.13%
Revenue Growth (3Y CAGR)	5.52%	10.07%
EPS Growth (YoY)	9.00%	13.35%
EPS Growth (3Y CAGR)	4.87%	8.22%

Financial Strength

Current Ratio (MRQ)

Fastenal (FAST) at 3.93 carries current ratio above its industry’s typical mid-range, while General Dynamics (GD) at 1.43 runs in the tighter-liquidity quartile — different working-capital profiles, both worth examining.

FAST

Capital Goods industry group

3.93

Max: 5.22
FAST: 3.93
Q3: 2.95
Median: 2.08
Q1: 1.43
Min: 0.36

GD

Capital Goods industry group

1.43

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
GD: 1.43
Min: 0.36

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their current ratio against the Capital Goods industry group benchmark.

Debt / Equity (MRQ)

Fastenal (FAST) at 0.11 keeps leverage in the lower industry quartile, while General Dynamics (GD) at 0.33 runs a more typical debt-to-equity mix.

FAST

Capital Goods industry group

0.11

Max: 2.33
Q3: 1.12
Median: 0.60
Q1: 0.29
FAST: 0.11
Min: 0.00

GD

Capital Goods industry group

0.33

Max: 2.33
Q3: 1.12
Median: 0.60
GD: 0.33
Q1: 0.29
Min: 0.00

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their debt-to-equity ratio against the Capital Goods industry group benchmark.

Financial Strength Metrics

Financial strength metrics for Fastenal (FAST) and General Dynamics (GD)
Metric	FAST	GD
Current Ratio (MRQ)	3.93	1.43
Debt / Equity (MRQ)	0.11	0.33
Net Debt / EBITDA	0.12	0.68

Dividends

Dividend Yield (TTM)

Both Fastenal (FAST) at 1.81% and General Dynamics (GD) at 1.76% offer top-quartile dividend income relative to share price within their industries.

FAST

Capital Goods industry group

1.81%

Max: 2.66%
FAST: 1.81%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

GD

Capital Goods industry group

1.76%

Max: 2.66%
GD: 1.76%
Q3: 1.14%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their dividend yield against the Capital Goods industry group benchmark.

Dividend Payout Ratio (TTM)

Both pay out more than their industries’ typical bands, and FAST more so: General Dynamics (GD) at 36.90% sits above the band, while Fastenal (FAST) at 78.05% exceeds every peer in its group.

FAST

Capital Goods industry group

78.05%

FAST: 78.05%
Max: 67.39%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

GD

Capital Goods industry group

36.90%

Max: 67.39%
GD: 36.90%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Fastenal (FAST) and General Dynamics (GD)
Metric	FAST	GD
Dividend Yield (TTM)	1.81%	1.76%
Dividend Payout Ratio (TTM)	78.05%	36.90%

Valuation

P/E Ratio (TTM)

General Dynamics (GD) at 20.84 is near its industry’s usual P/E ratio, while Fastenal (FAST) at 43.08 sits in the richer quartile — FAST needs stronger growth or earnings quality to justify the premium.

FAST

Capital Goods industry group

43.08

Max: 59.38
FAST: 43.08
Q3: 35.92
Median: 25.41
Q1: 19.47
Min: 3.03

GD

Capital Goods industry group

20.84

Max: 59.38
Q3: 35.92
Median: 25.41
GD: 20.84
Q1: 19.47
Min: 3.03

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

General Dynamics (GD) at 1.69 is priced about in line with its industry on P/S ratio, while Fastenal (FAST) at 6.70 sits in the pricier quartile — FAST costs more per dollar of sales.

FAST

Capital Goods industry group

6.70

Max: 7.54
FAST: 6.70
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

GD

Capital Goods industry group

1.69

Max: 7.54
Q3: 3.76
Median: 2.15
GD: 1.69
Q1: 1.03
Min: 0.03

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

General Dynamics (GD) at 3.50 sits near its industry’s typical P/B ratio, while Fastenal (FAST) at 14.65 prices above its benchmark range — FAST looks rich relative to book.

FAST

Capital Goods industry group

14.65

FAST: 14.65
Max: 9.66
Q3: 5.00
Median: 3.12
Q1: 1.81
Min: -1.08

GD

Capital Goods industry group

3.50

Max: 9.66
Q3: 5.00
GD: 3.50
Median: 3.12
Q1: 1.81
Min: -1.08

Fastenal (FAST) vs. General Dynamics (GD): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Fastenal (FAST) and General Dynamics (GD)
Metric	FAST	GD
P/E Ratio (TTM)	43.08	20.84
P/S Ratio (TTM)	6.70	1.69
P/B Ratio (MRQ)	14.65	3.50
Free Cash Flow Yield (TTM)	1.51%	4.76%