Toast (TOST) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Toast

NYSE•Technology•Software - Infrastructure

$31.94-0.51(-0.02%)After hours

Market Cap

$18.40B

P/E

37.9x

P/S

2.7x

P/B

9.0x

Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally. It offers a platform of software-as-a-service for restaurant operations and point of sale, such as Toast POS; Toast IQ, a conversational artificial intelligence; vendor management; multi-location management; kitchen display system; online ordering and delivery. It offers payroll and team management; inventory and supply chain tools; xtraCHEF by toast, a set of back-office tools for restaurants, including accounts payable automation, inventory management, ingredient price tracking, and recipe costing; financial technology solutions, including integrated payment processing, and restaurant-grade hardware. The company was formerly known as Opti Systems, Inc. and changed its name to Toast, Inc. in May 2012. Toast, Inc. was incorporated in 2011 and is headquartered in Boston, Massachusetts.

How this company scores

ExcellentMetricSide Score: 82/100

Strongest: Growth (23/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability21/25

Growth23/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality23/25

Strengths

Growing revenueHigh ROERising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 37.9x5y range 37.1x – 1106.4x

Currently below its 7-quarter median.

P/S · 2.7x5y range 2.4x – 5.0x

Currently below its 17-quarter median.

P/B · 9.0x5y range 6.3x – 14.1x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Share Dilution

Watch

Shares outstanding rose 2.7% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $18.40B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $6.80B
Q. Revenue: $1.91B
TTM EBITDA: $482.00M
TTM Op. Income: $431.00M
Q. Op. Income: $152.00M
TTM Net Income: $486.00M
Q. Net Income: $154.00M
EPS: $0.27
Shares Out.: $578.00M

$6.80B in TTM revenue grew 23.0% YoY, reaching $1.91B last quarter. TTM EBITDA of $482.00M and TTM operating income of $431.00M show growth is flowing through to the bottom line. TTM net income of $486.00M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 27.0%
EBITDA Margin: 8.6%
Op. Margin: 8.0%
Net Margin: 8.1%

Op. margin of 8.0% is up 2.8% YoY — cost efficiency is improving. Net margin at 8.1% and gross margin of 27.0% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 3 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 37.9x
P/S Ratio: 2.7x
P/B Ratio: 9.0x

At 37.9x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.7x and P/B of 9.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 67% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $3.18B
Cash: $1.01B
Long-Term Debt: N/A
Book Value: $2.04B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $144.00M
TTM Free Cash Flow: $576.00M
FCF Margin: 8.5%
FCF / Net Income: 1.2

TTM FCF of $576.00M on $144.00M in operating cash flow. The FCF / Net Income ratio of 1.2x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 13% — a weakening trend.