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Toast, Inc. TOST

NYSE · stock · Services-Computer Processing & Data Preparation · website · IPO 2021-09-22 · LEI

Toast, Inc. statistics & valuation

Market cap$15.7B
P / E45.9×
P / S2.6×
P / B7.4×
Net margin5.6%
Return on equity16.1%
Return on capital13.4%
Graham number -80.5%$6.64

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($6.64); a green figure means the price is below it.

Profitability & efficiency

Net margin (%)
-30.10% -28.60% -10.10% -6.40% 0.40% 5.60% 202020212022202320242025
Gross margin (%)
17.00% 18.40% 18.70% 21.60% 24.00% 25.90% 202020212022202320242025
Operating margin (%)
-26.70% -13.40% -14.10% -7.40% 0.30% 4.70% 202020212022202320242025
Return on equity (%)
-44.60% -25.00% -20.60% 1.20% 16.10% 202020212022202320242025
Shares outstanding
219.8M 290.0M 512.0M 533.0M 591.0M 607.0M 202020212022202320242025
Net debt ($)
-$410.0M -$809.0M 202020212022202320242025
Share buybacks ($)
202020212022202320242025
Return on assets (%)
-32.00% -28.10% -15.60% -12.60% 0.80% 10.90% 202020212022202320242025
Free cash flow margin (%)
-18.60% -0.60% -6.30% 202020212022202320242025
Debt / equity (×)
0.00× 202020212022202320242025
EPS ($)
-$1.25 -$1.68 -$0.72 -$0.47 $0.03 $0.56 202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020
Gross margin25.9%24.0%21.6%18.7%18.4%17.0%
Operating margin4.7%0.3%-7.4%-14.1%-13.4%-26.7%
Net margin5.6%0.4%-6.4%-10.1%-28.6%-30.1%
FCF margin———-6.3%-0.6%-18.6%
Return on assets10.9%0.8%-12.6%-15.6%-28.1%-32.0%
Return on equity16.1%1.2%-20.6%-25.0%-44.6%52.7%
Debt / equity————0.00×-0.37×
Current ratio2.752.442.372.844.224.95

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.