FAST vs. TT: Fastenal vs. Trane Technologies Stock Comparison

November 11, 2026

How do Fastenal (FAST) and Trane Technologies (TT) 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 Trane Technologies (TT) both fall under the Capital Goods industry group, but FAST is classified in Trading Companies & Distributors while TT is classified in Building Products.

Company profile comparison for Fastenal (FAST) and Trane Technologies (TT)
Profile Item	FAST	TT
Name	Fastenal Co.	Trane Technologies plc
Country/Region	United States	Ireland
GICS Sector	Industrials	Industrials
GICS Industry Group	Capital Goods	Capital Goods
GICS Industry	Trading Companies & Distributors	Building Products
GICS Sub-Industry	Trading Companies & Distributors	Building Products
Market Capitalization	60.80 billion USD	87.94 billion USD
Currency	USD	USD
Exchange	Nasdaq	NYSE
Listing Date	August 20, 1987	March 17, 1980
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

FAST

GSPC

Fastenal (FAST) vs. Trane Technologies (TT), 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 Trane Technologies (TT). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Fastenal (FAST) and Trane Technologies (TT). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Fastenal (FAST) and Trane Technologies (TT)
Metric	FAST	TT
Total Return (1Y)	36.82%	-2.56%
Total Return (3Y, Annualized)	25.71%	25.06%
Total Return (5Y, Annualized)	15.98%	18.70%

Risk Profile

Drawdown History

FAST

GSPC

Fastenal (FAST) vs. Trane Technologies (TT), 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 Trane Technologies (TT). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Fastenal (FAST) and Trane Technologies (TT)
Metric	FAST	TT
Volatility (1Y, Annualized)	24.55%	30.26%
Beta (5Y)	0.64	1.18
Max Drawdown (5Y)	-30.71%	-39.76%
Avg. Volume (3M)	7.21M	1.24M

Risk-Adjusted Performance

Risk-Return Positioning

FAST and TT 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 Trane Technologies (TT)
Metric	FAST	TT
Sharpe Ratio (1Y)	1.33	-0.23
Sortino Ratio (1Y)	2.00	-0.31

Profitability

ROE (TTM)

Both Fastenal (FAST) at 35.26% and Trane Technologies (TT) at 36.94% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.

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%

TT

Capital Goods industry group

36.94%

Max: 40.55%
TT: 36.94%
Q3: 19.29%
Median: 12.12%
Q1: 4.08%
Min: -17.12%

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their ROE against the Capital Goods industry group benchmark.

Net Margin (TTM)

For every dollar of sales, both Fastenal (FAST) at 15.62% and Trane Technologies (TT) at 13.56% retain more as net profit than most peers, landing in the top net margin quartile of their industries.

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%

TT

Capital Goods industry group

13.56%

Max: 27.47%
TT: 13.56%
Q3: 12.10%
Median: 6.30%
Q1: 1.40%
Min: -12.89%

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their net margin against the Capital Goods industry group benchmark.

Operating Margin (TTM)

Both Fastenal (FAST) at 21.55% and Trane Technologies (TT) at 19.85% convert sales into operating profit at a top-quartile rate, pointing to tighter cost discipline before financing and tax.

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%

TT

Capital Goods industry group

19.85%

Max: 36.60%
TT: 19.85%
Q3: 18.33%
Median: 11.12%
Q1: 5.14%
Min: -12.63%

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their operating margin against the Capital Goods industry group benchmark.

Profitability Metrics

Profitability metrics for Fastenal (FAST) and Trane Technologies (TT)
Metric	FAST	TT
ROE (TTM)	35.26%	36.94%
ROA (TTM)	21.97%	11.42%
Net Margin (TTM)	15.62%	13.56%
Operating Margin (TTM)	21.55%	19.85%
Gross Margin (TTM)	44.61%	34.99%

Growth

Revenue Growth

Both Fastenal (FAST) at 8.67% and Trane Technologies (TT) at 7.48% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both Fastenal (FAST) at 9.00% and Trane Technologies (TT) at 15.48% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Fastenal (FAST) and Trane Technologies (TT)
Metric	FAST	TT
Revenue Growth (YoY)	8.67%	7.48%
Revenue Growth (3Y CAGR)	5.52%	10.06%
EPS Growth (YoY)	9.00%	15.48%
EPS Growth (3Y CAGR)	4.87%	20.17%

Financial Strength

Current Ratio (MRQ)

Fastenal (FAST) at 3.93 carries current ratio above its industry’s typical mid-range, while Trane Technologies (TT) at 1.12 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

TT

Capital Goods industry group

1.12

Max: 5.22
Q3: 2.95
Median: 2.08
Q1: 1.43
TT: 1.12
Min: 0.36

Fastenal (FAST) vs. Trane Technologies (TT): 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 Trane Technologies (TT) at 0.46 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

TT

Capital Goods industry group

0.46

Max: 2.33
Q3: 1.12
Median: 0.60
TT: 0.46
Q1: 0.29
Min: 0.00

Fastenal (FAST) vs. Trane Technologies (TT): 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 Trane Technologies (TT)
Metric	FAST	TT
Current Ratio (MRQ)	3.93	1.12
Debt / Equity (MRQ)	0.11	0.46
Net Debt / EBITDA	0.12	0.66

Dividends

Dividend Yield (TTM)

Fastenal (FAST) at 1.81% delivers top-quartile income for its industry, while Trane Technologies (TT) at 1.04% pays a more typical yield — both are credible income propositions, FAST the richer one.

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%

TT

Capital Goods industry group

1.04%

Max: 2.66%
Q3: 1.14%
TT: 1.04%
Median: 0.24%
Q1: 0.00%
Min: 0.00%

Fastenal (FAST) vs. Trane Technologies (TT): 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: Trane Technologies (TT) at 28.42% 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%

TT

Capital Goods industry group

28.42%

Max: 67.39%
TT: 28.42%
Q3: 28.02%
Median: 6.86%
Q1: 0.00%
Min: 0.00%

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their payout ratio against the Capital Goods industry group benchmark.

Dividend Metrics

Dividend metrics for Fastenal (FAST) and Trane Technologies (TT)
Metric	FAST	TT
Dividend Yield (TTM)	1.81%	1.04%
Dividend Payout Ratio (TTM)	78.05%	28.42%

Valuation

P/E Ratio (TTM)

Trane Technologies (TT) at 27.92 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

TT

Capital Goods industry group

27.92

Max: 59.38
Q3: 35.92
TT: 27.92
Median: 25.41
Q1: 19.47
Min: 3.03

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their P/E ratio against the Capital Goods industry group benchmark.

P/S Ratio (TTM)

Both Fastenal (FAST) at 6.70 and Trane Technologies (TT) at 3.79 command a richer price per dollar of sales than most peers, sitting in the upper P/S ratio quartile of their industries.

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

TT

Capital Goods industry group

3.79

Max: 7.54
TT: 3.79
Q3: 3.76
Median: 2.15
Q1: 1.03
Min: 0.03

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their P/S ratio against the Capital Goods industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Trane Technologies (TT) at 9.66 sits in the upper P/B ratio quartile, and Fastenal (FAST) at 14.65 prices even higher, above its industry range.

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

TT

Capital Goods industry group

9.66

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

Fastenal (FAST) vs. Trane Technologies (TT): A comparison of their P/B ratio against the Capital Goods industry group benchmark.

Valuation Metrics

Valuation metrics for Fastenal (FAST) and Trane Technologies (TT)
Metric	FAST	TT
P/E Ratio (TTM)	43.08	27.92
P/S Ratio (TTM)	6.70	3.79
P/B Ratio (MRQ)	14.65	9.66
Free Cash Flow Yield (TTM)	1.51%	3.94%