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Toast TOST Free cash flow margin

Free cash flow margin at other companies

Global Payments logo
Global PaymentsGPN
12%-19.4pp
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OracleORCL
-38.6%-49.0pp
Block logo
BlockXYZ
13.3%+8.3pp
Cognizant logo
CognizantCTSH
11.5%+0.9pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
23.6%+0.8pp
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
-160.7%-834pp

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

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 trailing twelve months.

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 free cash flow margin?
Toast (TOST) reported free cash flow margin of 10.1% in Q1 2026.
How has Toast's free cash flow margin changed year-over-year?
Toast's free cash flow margin increased by 29.9% year-over-year, from 7.8% to 10.1%.
What is the long-term trend for Toast's free cash flow margin?
Over 4 years (2021 to 2025), Toast's free cash flow margin has grown at a 102.6% compound annual growth rate (CAGR), from -0.6% to 9.9%.
What does free cash flow margin mean?
How much real, spendable cash each sales dollar generates after reinvestment.
How do you interpret free cash flow margin?
A high and rising FCF margin is the hallmark of a cash-generative business. Persistent gaps between net margin and FCF margin warrant a look at working capital or capital intensity.
How does free cash flow margin compare across companies?
Strong cross-company quality signal; capital-light compounders post structurally higher FCF margins than asset-heavy peers.