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Toast TOST Return on invested capital

Return on invested capital at other companies

Global Payments logo
Global PaymentsGPN
3.6%-0.9pp
Oracle logo
OracleORCL
30.6%+13.6pp
Block logo
BlockXYZ
6.5%-1.1pp
Cognizant logo
CognizantCTSH
15%-2.3pp
Fidelity National Information Services logo
Fidelity National Information ServicesFIS
4.6%-0.3pp
SoFi Technologies, Inc. logo
SoFi Technologies, Inc.SOFI
20.5%-1.8pp

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
FCF margin10.1%+2.3pp

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 return on invested capital?
Toast (TOST) reported return on invested capital of 68.5% in Q1 2026.
How has Toast's return on invested capital changed year-over-year?
Toast's return on invested capital increased by 180.2% year-over-year, from 24.5% to 68.5%.
What is the long-term trend for Toast's return on invested capital?
Over 3 years (2022 to 2025), Toast's return on invested capital has grown at a -13.9% compound annual growth rate (CAGR), from -85.7% to 54.7%.
What does return on invested capital mean?
The after-tax return the business earns on all the capital — debt and equity — invested in it.
How do you interpret return on invested capital?
The cleanest measure of business quality: ROIC sustained above the cost of capital creates value, below it destroys value. Compare against WACC, not against zero.
How does return on invested capital compare across companies?
Highly comparable across companies as a quality screen. Sector-sensitive definitions of invested capital mean banks/insurers are best excluded.