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Toast TOST EV / sales

EV / sales at other companies

Global Payments logo
Global PaymentsGPN
-0.9×
Oracle logo
OracleORCL
6.4×-3.5×
Block logo
BlockXYZ
1.2×+0.1×
Cognizant logo
CognizantCTSH
1.4×-0.5×
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
3.9×-0.9×
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
4.7×0.0×

Other financials

Income statement

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Revenue$1.6B+21.9%
Gross profit$447.0M+29.2%
Operating income$110.0M+156%
Net income$126.0M+125%
EPS (diluted)$0.20+122%

Balance sheet

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Cash & equivalents$1.4B+12.2%
Total debt$17.0M-22.7%
Total equity$2.0B+18.9%
Total assets$3.1B+20.7%

Cash flow

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Operating cash flow$132.0M+67.1%
CapEx$17.0M+70.0%
Free cash flow$115.0M+66.7%

Valuation

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Market cap$14.3B-18.1%
Enterprise value$12.91B-20.3%
P/E34.7×-75.9×
P/S2.2×-1.1×

Profitability

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Gross margin26.3%+1.6pp
Operating margin5.6%+3.4pp
Net margin6.4%+3.4pp
FCF margin10.1%+2.3pp

Returns & leverage

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Return on equity22.5%+11.5pp
Debt / equity0.0×
Current ratio2.4×-0.1×

Where this comes from

Calculated from Toast’s reported figures.

Based on the most recent quarter.

The official record: Toast’s 10-Q, filed May 8, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Toast's EV / sales?
Toast (TOST) reported EV / sales of 2.2× in Q1 2026.
How has Toast's EV / sales changed year-over-year?
Toast's EV / sales decreased by 35.4% year-over-year, from 3.4× to 2.2×.
What is the long-term trend for Toast's EV / sales?
Over 4 years (2021 to 2025), Toast's EV / sales has grown at a -24.8% compound annual growth rate (CAGR), from 9.8× to 3.1×.
What does EV / sales mean?
What the whole business costs relative to its annual sales.
How do you interpret EV / sales?
A fallback valuation gauge for pre-profit or cyclical firms. Like P/S, only comparable across similar-margin businesses, but it accounts for debt and cash unlike P/S.
How does EV / sales compare across companies?
Compare within a margin cohort; the debt-and-cash adjustment makes it cleaner than P/S for leveraged firms.