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

	TTM Q1 '26	TTM Q4 '25	TTM Q3 '25	TTM Q2 '25	TTM 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
EBITDA margin	6.4%+0.6pp	5.8%+0.7pp	5.1%+0.6pp	4.5%+1.2pp	3.2%+2.0pp
Free cash flow margin	10.1%+0.3pp	9.9%+0.3pp	9.6%+0.4pp	9.2%+1.4pp	7.8%+1.6pp
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 assets	14.6%+2.2pp	12.3%+1.8pp	10.5%+1.4pp	9.1%+2.3pp	6.8%+6.0pp
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×
Inventory turnover	38.5×-0.8×	39.3×-2.2×	41.5×+2.6×	38.8×+4.8×	34.1×+2.1×
Liquidity
Current ratio	2.4×-0.3×	2.8×0.0×	2.7×+0.1×	2.6×+0.1×	2.5×+0.1×
Quick ratio	2.3×-0.3×	2.6×0.0×	2.6×+0.1×	2.5×+0.1×	2.4×+0.1×
Cash ratio	1.3×-0.3×	1.6×-0.1×	1.8×+0.2×	1.6×+0.1×	1.5×+0.2×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0×0.0×	0×0.0×
Debt-to-assets	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×—	——	——
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%
Enterprise value	$14.22B-26.4%	$19.32B-1.9%	$19.7B-19.4%	$24.44B+37.0%	$17.84B-9.2%
Price / earnings	37.9×-23.2×	61.1×-16.9×	78×—	——	——
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×—	——	——
EV / sales	2.2×-0.9×	3.1×-0.2×	3.4×-1.1×	4.4×+1.0×	3.4×-0.5×
Free cash flow yield	4.2%+1.3pp	2.9%+0.3pp	2.6%+0.7pp	2%-0.2pp	2.1%+0.7pp
Earnings yield	2.6%+1.0pp	1.6%+0.4pp	1.3%+0.4pp	0.9%0.0pp	0.8%+0.7pp

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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.