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

Simplified Detailed

	FY'25	FY'24	FY'23	FY'22
Profitability
Gross margin	25.9%+1.9pp	24%+2.4pp	21.6%+2.9pp	18.7%+0.3pp
Operating margin	4.7%+4.4pp	0.3%+7.7pp	-7.4%+6.6pp	-14.1%-0.8pp
Net margin	5.6%+5.2pp	0.4%+6.7pp	-6.4%+3.7pp	-10.1%+18.5pp
EBITDA margin	5.8%+4.6pp	1.2%+7.8pp	-6.6%+6.6pp	-13.2%-1.1pp
Free cash flow margin	9.9%+3.7pp	6.2%+3.8pp	2.4%+8.7pp	-6.3%-5.7pp
Returns
Return on equity	18.6%+17.3pp	1.4%+22.9pp	-21.5%+3.7pp	-25.1%—
Return on assets	12.3%+11.4pp	0.9%+14.1pp	-13.2%+2.5pp	-15.7%+23.1pp
Return on invested capital	54.7%+52.1pp	2.6%+57.4pp	-54.8%+30.9pp	-85.7%—
Efficiency
Asset turnover	2.2×-0.1×	2.3×+0.2×	2.1×+0.5×	1.6×+0.2×
Inventory turnover	39.3×+7.4×	31.9×+5.4×	26.6×-2.6×	29.2×-16.4×
Liquidity
Current ratio	2.8×+0.3×	2.4×+0.1×	2.4×-0.5×	2.8×-1.4×
Quick ratio	2.6×+0.3×	2.3×+0.1×	2.2×-0.4×	2.6×-1.5×
Cash ratio	1.6×+0.3×	1.3×+0.2×	1.1×-0.2×	1.3×-1.1×
Leverage
Debt-to-equity	0×0.0×	0×0.0×	0×0.0×	0.1×0.0×
Debt-to-assets	0×0.0×	0×0.0×	0×0.0×	0.1×0.0×
Net debt / EBITDA	-4.4×+12.8×	-17.2×—	——	——
Per Share
Book value per share	$3.50+33.9%	$2.61+16.7%	$2.24+4.5%	$2.14-43.0%
Valuation
Market capitalization	$20.88B+0.9%	$20.7B+110%	$9.88B+5.7%	$9.35B-46.7%
Enterprise value	$19.32B-1.7%	$19.65B+114%	$9.18B+4.2%	$8.81B-47.5%
Price / earnings	61.1×-1,029×	1,089.7×—	——	——
Price / sales	3.4×-0.8×	4.2×+1.6×	2.6×-0.9×	3.4×-6.9×
Price / book	9.8×-3.6×	13.4×+5.1×	8.3×-0.2×	8.5×-7.6×
EV / EBITDA	54.3×-268×	322.2×—	——	——
EV / sales	3.1×-0.8×	4×+1.6×	2.4×-0.9×	3.2×-6.6×
Free cash flow yield	2.9%+1.4pp	1.5%+0.5pp	0.9%+2.8pp	-1.8%-1.8pp
Earnings yield	1.6%+1.5pp	0.1%+2.6pp	-2.5%+0.5pp	-2.9%-0.2pp
PEG ratio	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.