What are Toast's profit margins?

Toast (TOST) runs a 26.3% gross margin and a 5.6% operating margin, with a 6.4% net margin.

Where do Toast's ratios come from?

Every ratio is computed from Toast's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.

Toast TOST Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	Q1 '26	Q4 '25	Q3 '25	Q2 '25	Q1 '25
Profitability
Gross margin	26.3%+0.4pp	25.9%+0.2pp	25.7%+0.5pp	25.2%+0.5pp	24.6%+0.7pp
Operating margin	5.6%+0.8pp	4.7%+0.7pp	4.1%+0.7pp	3.4%+1.2pp	2.2%+1.9pp
Net margin	6.4%+0.8pp	5.6%+0.9pp	4.7%+0.6pp	4.1%+1.0pp	3%+2.6pp
Returns
Return on equity	22.5%+3.9pp	18.6%+2.7pp	15.9%+1.5pp	14.4%+3.5pp	11%+9.6pp
Return on invested capital	68.5%+13.8pp	54.7%+4.8pp	49.9%+7.8pp	42.1%+17.6pp	24.5%+21.8pp
Efficiency
Asset turnover	2.3×+0.1×	2.2×0.0×	2.3×0.0×	2.2×0.0×	2.3×0.0×
Liquidity
Current ratio	2.4×-0.3×	2.8×0.0×	2.7×+0.1×	2.6×+0.1×	2.5×+0.1×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Net debt / EBITDA	-3.4×+1.0×	-4.4×+0.9×	-5.3×+0.4×	-5.7×+1.7×	-7.4×+9.9×
Per Share
Book value per share	$3.31-5.5%	$3.50+5.8%	$3.31+10.1%	$3.01+8.3%	$2.77+6.1%
Valuation
Market capitalization	$15.61B-25.2%	$20.88B-1.9%	$21.29B-17.6%	$25.84B+35.5%	$19.07B-7.9%
Price / earnings	37.9×-23.2×	61.1×-16.9×	78×-37.4×	115.4×-5.3×	120.7×-969×
Price / sales	2.4×-1.0×	3.4×-0.2×	3.6×-1.0×	4.7×+1.0×	3.7×-0.5×
Price / book	7.8×-2.0×	9.8×-0.7×	10.6×-3.6×	14.2×+2.8×	11.4×-2.0×
EV / EBITDA	34.3×-19.9×	54.3×-11.8×	66.1×-32.8×	98.9×-7.2×	106.2×-216×

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Questions, answered.

What are Toast's profit margins?: Toast (TOST) runs a 26.3% gross margin and a 5.6% operating margin, with a 6.4% net margin.
Where do Toast's ratios come from?: Every ratio is computed from Toast's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.