TOST

Company Overview — What Does Toast, Inc. Do?

Toast, Inc. operates a cloud-based and digital technology platform for the restaurant industry in the United States and Ireland. The company offers Toast Point of Sale (POS), a hardware product; Toast Order & Pay, which allows guests to order and pay from their mobile devices; Toast Flex that is used for on-counter order and pay, as well as used as a server station, guest kiosk, kitchen display system, or order fulfillment station; Toast Go, a handheld POS device that enhances the table turn times through tableside ordering and payment acceptance; and Toast Tap, a card reader. It also provides kitchen display system software that connects the front of the house with the kitchen staff; multi-location management software, which allows customers to manage and standardize their operations and configure menus; xtraCHEF that provides back-office tools; and Toast Flex for Kitchen, a larger format mountable piece of hardware that can be used as a kitchen screen. In addition, the company offers Toast Online Ordering & Toast TakeOut app, a software-based platform that provides restaurants to take off-premises orders directly through their branded website; First-Party Delivery services for restaurants to manage a fleet of drivers, and customize delivery hours, zones, fees, and minimum ticket sizes; Toast Delivery Services, which enables restaurants to utilize a partner network of delivery drivers; and Toast Delivery Partners services. Further, it provides loyalty programs and gift cards; payroll and team management products; business owner policy insurance and restaurant-specific add-ons; payment processing solutions; loans advanced to restaurants; purchase financing; reporting and analytics solutions; Toast Partner Connect that allows customers to discover, select, and connect their restaurant to its partners; and bi-directional APIs. The company was incorporated in 2011 and is headquartered in Boston, Massachusetts. Toast, Inc. (TOST) is classified as a large-cap stock in the Industrials sector, specifically within the Business Services industry. The company is led by CEO Christopher P. Comparato and employs approximately 4,500 people. With a market capitalization of $15.4B, TOST is one of the prominent companies in the Industrials sector.

Toast, Inc. (TOST) Stock Rating — Reduce (April 2026)

As of April 2026, Toast, Inc. receives a Reduce rating with a composite score of 38.7/100 and 2 out of 5 stars from the Blank Capital Research quantitative model.TOST ranks #2,898 out of 4,446 stocks in our coverage universe. Within the Industrials sector, Toast, Inc. ranks #482 of 752 stocks, placing it in the lower half of its Industrials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).

TOST Stock Price and 52-Week Range

Toast, Inc. (TOST) currently trades at $25.40. The stock lost $0.56 (2.2%) in the most recent trading session. The 52-week high for TOST is $49.66, which means the stock is currently trading -48.9% from its annual peak. The 52-week low is $24.35, putting the stock 4.3% above its annual trough. Recent trading volume was 11.7M shares, indicating strong institutional interest and high liquidity.

Is TOST Overvalued or Undervalued? — Valuation Analysis

Toast, Inc. (TOST) carries a value factor score of 48/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 51.50x, compared to the Industrials sector average of 28.33x — a premium of 82%. The price-to-book ratio stands at 7.20x, versus the sector average of 2.23x. The price-to-sales ratio is 2.63x, compared to 0.50x for the average Industrials stock. On an enterprise value basis, TOST trades at 63.47x EV/EBITDA, versus 5.70x for the sector.

Overall, TOST's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.

Toast, Inc. Profitability — ROE, Margins, and Quality Score

Toast, Inc. (TOST) earns a quality factor score of 43/100, signaling below-average profitability metrics relative to the broader market. The return on equity (ROE) is 14.0%, compared to the Industrials sector average of 8.9%, which is within a healthy range. Return on assets (ROA) comes in at 9.4% versus the sector average of 3.3%.

On a margin basis, Toast, Inc. reports gross margins of 25.6%, compared to 35.8% for the sector. The operating margin is 4.0% (sector: 6.2%). Net profit margin stands at 5.0%, versus 3.9% for the average Industrials stock. Revenue growth is running at 31.5% on a trailing basis, compared to 6.4% for the sector. Profitability is below benchmark levels, which may reflect industry headwinds, elevated reinvestment, or structural challenges.

TOST Debt, Balance Sheet, and Financial Health

Toast, Inc. has a debt-to-equity ratio of 48.0%, compared to the Industrials sector average of 70.0%. The low leverage indicates a conservative balance sheet with significant financial flexibility. The current ratio is 2.75x, indicating strong short-term liquidity. Total debt on the balance sheet is $0. Cash and equivalents stand at $1.36B.

TOST has a beta of 1.35, meaning it is more volatile than the broader market — a $10,000 investment in TOST would be expected to move 35.2% more than the S&P 500 on any given day. The stability factor score for Toast, Inc. is 49/100, reflecting average volatility within the normal range for its sector.

Toast, Inc. Revenue and Earnings History — Quarterly Trend

In TTM 2026, Toast, Inc. reported revenue of $5.83B and earnings per share (EPS) of $0.59. Net income for the quarter was $297M. Gross margin was 25.6%. Operating income came in at $241M.

In FY 2025, Toast, Inc. reported revenue of $6.15B and earnings per share (EPS) of $0.59. Net income for the quarter was $342M. Gross margin was 25.9%. Revenue grew 24.1% year-over-year compared to FY 2024. Operating income came in at $292M.

In Q3 2025, Toast, Inc. reported revenue of $1.63B and earnings per share (EPS) of $0.18. Net income for the quarter was $105M. Gross margin was 26.5%. Revenue grew 25.1% year-over-year compared to Q3 2024. Operating income came in at $84M.

In Q2 2025, Toast, Inc. reported revenue of $1.55B and earnings per share (EPS) of $0.14. Net income for the quarter was $80M. Gross margin was 25.3%. Revenue grew 24.8% year-over-year compared to Q2 2024. Operating income came in at $80M.

Over the past 8 quarters, Toast, Inc. has demonstrated a growth trajectory, with revenue expanding from $1.24B to $5.83B. Investors analyzing TOST stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.

TOST Dividend Yield and Income Analysis

Toast, Inc. (TOST) does not currently pay a dividend. This is common among growth-oriented companies in the Business Services industry that prefer to reinvest cash flows into business expansion rather than returning capital to shareholders. Income-focused investors looking for Industrials dividend stocks may want to explore other Industrials stocks or use the stock screener to filter by dividend yield.

TOST Momentum and Technical Analysis Profile

Toast, Inc. (TOST) has a momentum factor score of 25/100, signaling weak relative price performance. Stocks with low momentum scores have historically tended to continue underperforming in the near term. The investment factor score is 24/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 50/100 reflects moderate short selling activity.

TOST vs Competitors — Industrials Sector Ranking and Peer Comparison

Within the Industrials sector, Toast, Inc. (TOST) ranks #482 out of 752 stocks based on the Blank Capital composite score. This places TOST in the lower half of all Industrials stocks in our coverage universe. Key competitors and sector peers include South Bow Corp (SOBO) with a score of 56.5/100, TSAKOS ENERGY NAVIGATION LTD (TEN) with a score of 61.4/100, Great Lakes Dredge & Dock CORP (GLDD) with a score of 56.7/100, Tri Pointe Homes, Inc. (TPH) with a score of 57.3/100, and Clear Channel Outdoor Holdings, Inc. (CCO) with a score of 52.2/100.

Comparing TOST against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full TOST vs S&P 500 (SPY) comparison to assess how Toast, Inc. stacks up against the broader market across all factor dimensions.

TOST Next Earnings Date

No upcoming earnings date has been announced for Toast, Inc. (TOST) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.

Should You Buy TOST? — Investment Thesis Summary

The quantitative profile for Toast, Inc. suggests caution. Momentum is weak at 25/100, a headwind for near-term performance.

In summary, Toast, Inc. (TOST) earns a Reduce rating with a composite score of 38.7/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on TOST stock.

Related Resources for TOST Investors

Explore more research and tools: TOST vs S&P 500 comparison, top Industrials stocks, stock screener, our methodology, quality factor explained, value factor explained, momentum factor explained. Compare TOST head-to-head with peers: TOST vs SOBO, TOST vs TEN, TOST vs GLDD.