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%+1.6pp	25.9%+1.9pp	25.7%+2.4pp	25.2%+2.7pp	24.6%+2.6pp
Operating margin	5.6%+3.4pp	4.7%+4.4pp	4.1%+5.6pp	3.4%+7.2pp	2.2%+8.3pp
Net margin	6.4%+3.4pp	5.6%+5.2pp	4.7%+5.7pp	4.1%+7.2pp	3%+9.0pp
EBITDA margin	6.4%+3.2pp	5.8%+4.6pp	5.1%+5.7pp	4.5%+7.3pp	3.2%+8.4pp
Free cash flow margin	10.1%+2.3pp	9.9%+3.7pp	9.6%+4.8pp	9.2%+5.1pp	7.8%+5.0pp
Returns
Return on equity	22.5%+11.5pp	18.6%+17.3pp	15.9%+19.7pp	14.4%+26.0pp	11%+32.5pp
Return on assets	14.6%+7.7pp	12.3%+11.4pp	10.5%+12.9pp	9.1%+16.0pp	6.8%+19.7pp
Return on invested capital	68.5%+44.1pp	54.7%+52.1pp	49.9%+63.9pp	42.1%+77.1pp	24.5%+71.1pp
Efficiency
Asset turnover	2.3×0.0×	2.2×-0.1×	2.3×0.0×	2.2×0.0×	2.3×+0.1×
Inventory turnover	38.5×+4.4×	39.3×+7.4×	41.5×+6.4×	38.8×+7.5×	34.1×+6.4×
Liquidity
Current ratio	2.4×-0.1×	2.8×+0.3×	2.7×+0.3×	2.6×+0.2×	2.5×+0.2×
Quick ratio	2.3×-0.1×	2.6×+0.3×	2.6×+0.4×	2.5×+0.3×	2.4×+0.2×
Cash ratio	1.3×-0.2×	1.6×+0.3×	1.8×+0.5×	1.6×+0.4×	1.5×+0.4×
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×+4.0×	-4.4×+12.8×	-5.3×—	-5.7×—	-7.4×—
Per Share
Book value per share	$3.31+19.1%	$3.50+33.9%	$3.31+37.4%	$3.01+37.5%	$2.77+26.2%
Valuation
Market capitalization	$15.61B-18.1%	$20.88B+0.9%	$21.29B+35.2%	$25.84B+83.3%	$19.07B+39.9%
Enterprise value	$14.22B-20.3%	$19.32B-1.7%	$19.7B+32.8%	$24.44B+84.1%	$17.84B+38.2%
Price / earnings	37.9×-82.8×	61.1×-1,029×	78×—	115.4×—	120.7×—
Price / sales	2.4×-1.2×	3.4×-0.8×	3.6×+0.3×	4.7×+1.5×	3.7×+0.3×
Price / book	7.8×-3.6×	9.8×-3.6×	10.6×-0.5×	14.2×+3.2×	11.4×+0.1×
EV / EBITDA	34.3×-71.8×	54.3×-268×	66.1×—	98.9×—	106.2×—
EV / sales	2.2×-1.2×	3.1×-0.8×	3.4×+0.2×	4.4×+1.4×	3.4×+0.3×
Free cash flow yield	4.2%+2.0pp	2.9%+1.4pp	2.6%+1.2pp	2%+0.7pp	2.1%+1.3pp
Earnings yield	2.6%+1.8pp	1.6%+1.5pp	1.3%+1.6pp	0.9%+1.8pp	0.8%+2.6pp
PEG ratio	0.2×—	0×—	——	——	——

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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.