TOST
Toast Inc
$30.45
▼ 1.3%Updated Today 3:42 PM ET
TOST at a glance — five pillars scored 0–100 from real filed financials.
Overall: Favorable · 59/100. A wider, greener shape means more pillars look healthy. Dividends scores 0 when a company pays none — that is a choice, not a flaw.
▼ Down 31.9% over the last 12 months
Market Cap
$16.72B
P/E
41.62x
Forward P/E (est.)
29.73x
ROE
20.7%
Revenue Growth
23.4%
EPS Growth
163.7%
Profit Margin
6.4%
FCF Yield
-1.8%
Debt / Equity
0x
ROIC
12.0%
Interest Coverage
24.33x
Current Ratio
2.44x
Dividend Yield
—
Implied Growth (rev. DCF)
5.2%
Rating Score
59/100
Toast Inc (TOST) is a large-cap company in the Financial Services industry, part of the Financials sector of the S&P 500, with a market value around $16.72B.
In its latest reported year it generated about $6.15B in revenue and $342.00M in net profit.
Our model rates TOST Favorable (59/100) on growth, profitability, financial health, and valuation. The summary below is built from its filed financials and current ratios and refreshes automatically.
Evidence of durable competitive advantage in the filed financials (7 years of history).
The numbers don't show a durable competitive advantage — margins, growth, or returns on capital have been unstable or thin. Great returns are still possible; they just aren't protected.
23.8% average over the last 3 years
±5.0 pts around 19.3% across 7 years
grew in 6 of the last 6 year-over-year periods
positive in 3 of 7 years
12.0% latest fiscal year
A moat can't be proven by numbers alone — this scores the evidence a durable advantage leaves behind (pricing power, consistency, returns on capital), computed the same way for every stock. Pair it with the business overview before concluding anything.
Technical analysis reads price and volume to judge momentum and timing. It complements the fundamentals above — it does not replace them. Here is what TOST's chart says today, with each tool explained.
Trend — moving averages. A moving average is the average closing price over a window, which smooths out daily noise. TOST trades near $30.45, around its 50-day average ($25.87) and 200-day average ($31.08). Price tangled in its moving averages means there is no clear trend — the stock is ranging.
Momentum — RSI. The Relative Strength Index runs 0–100 and measures how strong recent gains are versus losses. Above 70 is "overbought", below 30 "oversold". At 80 it is overbought — the recent rally is stretched and can cool off.
MACD. MACD compares two moving averages to flag shifts in momentum. Its histogram is currently positive — short-term momentum is improving.
Volatility — ATR. Average True Range is the typical daily move. TOST's is $1.20 (~3.9% of price), so swings of about that size each day are normal — handy for setting a stop that isn't too tight.
Support & resistance. Over the last month TOST found buyers near $23.79 (support) and sellers near $29.77 (resistance); its 52-week range is $22.26–$49.66. A decisive break beyond either edge often marks the next move.
Volume. The latest session traded 0.3× the 20-day average — lighter than usual, so the move carries less conviction. Rising volume on up-days suggests real buying; on down-days, real selling.
Educational information to help you read a chart — not a recommendation or a forecast. It updates daily as the price and indicators change.
4Y CAGR
37.8%
Revenue moved from $665.00M in 2019 to $6.15B in 2025, a 44.9% compound annual growth rate. The most recent year grew a strong 23.4% year over year. Consistent top-line growth is one sign of healthy demand.
Gross Margin
25.9%
Operating Margin
4.7%
Net Margin
5.6%
ROE
20.7%
Toast Inc keeps about 6.4% of each sales dollar as net profit, with a 25.9% gross margin and 4.7% operating margin. Return on equity is 20.7% and return on invested capital about 12.0%. Margins are moderate — typical of a competitive but profitable business.
Total Debt
—
Net Debt
—
Net Debt / EBITDA
—
Debt / Equity
0x
Leverage: debt-to-equity is 0.0x, and operating profit covers interest about 24.3x, with a current ratio of 2.4x. That is a conservative balance sheet — a cushion in downturns.
Operating CF
$661.00M
Free Cash Flow
$608.00M
FCF Margin
9.9%
In the latest year Toast Inc produced about $661.00M of operating cash flow and $608.00M of free cash flow after capital spending. That is a free-cash-flow yield of about -1.8% on today's price. Cash flow is what ultimately pays shareholders, so it is worth tracking over time.
P/E
41.62x
P/S
2.72x
P/B
13.75x
EV / EBITDA
43.87x
TOST trades at 41.6x trailing earnings (about 29.7x on estimated forward earnings), 2.7x sales, and 13.7x book value. Reverse-engineering today's price implies the market expects roughly 5.2% long-term free-cash-flow growth. That is a rich multiple that prices in a lot of future growth.
A two-stage discounted cash flow on real SEC-filed free cash flow — the intrinsic-value anchor professional analysts triangulate from.
DCF fair value / share
—
Current price
$30.45
Starting FCF (latest 10-K)
$608.00M
Growth, years 1–5
20.0%
Fade to terminal, years 6–10
2.5%
Discount rate
9.0%
Cash flows grow at the stage-1 rate (trailing revenue growth, capped at 20%) for five years, fade to 2.5% by year 10, and continue at that rate forever (Gordon terminal value), all discounted at 9.0%. Small changes in assumptions move the result a lot — treat this as one reference point, not a target price. Educational only, not investment advice.
Where TOST sits versus its Financials sector peers in the S&P 500.
Bands show the middle half (25th–75th percentile) of the 141 Financials companies in the S&P 500 — the peer-relative anchor professional comps analysis uses. Context only — not investment advice.
How TOST stacks up against its Financials peers — valuation, profitability, and growth versus the sector median.
In the Financials sector (289 S&P 500 companies), TOST ranks #91 of 289 by our overall rating. It trades at a premium versus the sector on earnings (41.6x P/E vs. 15.3x median) with a higher return on equity (20.7% vs. 13.6%) and faster revenue growth (23.4% vs. 15.9%).
P/E vs sector
41.6x
median 15.3x
ROE vs sector
20.7%
median 13.6%
Growth vs sector
23.4%
median 15.9%
Sector rank
#91
of 289 by rating
Valuation vs. quality map
The sweet spot is upper-left: more profitable (higher ROE) for a lower P/E. Dashed lines mark the sector median.
Peers are the closest Financials companies by sub-industry and size. Sector median is across all 289 S&P 500 names in the sector. Educational, not a recommendation.
Project revenue → earnings → price. Edit the assumptions to build your own case.
2030 price target (Base Case)
$0.00 – $0.00
vs. $30.45 today · expected CAGR 9% – 21%
| Metric | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|
| Revenue | $7.57B | $9.31B | $11.45B | $14.08B | $17.32B |
| Net income | $454.09M | $558.53M | $686.99M | $845.00M | $1.04B |
| EPS | $0.83 | $1.02 | $1.25 | $1.54 | $1.89 |
| Share price (low) | $20.68 | $25.44 | $31.29 | $38.48 | $47.33 |
| Share price (high) | $34.74 | $42.73 | $52.56 | $64.65 | $79.52 |
| CAGR (low–high) | -32% / 14% | -9% / 18% | 1% / 20% | 6% / 21% | 9% / 21% |
Educational model on sample fundamentals — not a forecast or investment advice. Outputs are only as good as your assumptions.
The case for TOST:
- Revenue is growing 23.4% a year, a sign of real demand.
- Strong return on equity (20.7%) shows capital is put to work well.
- A conservative balance sheet (debt/equity 0.0x) lowers risk.
- Our model's overall read is Favorable (59/100).
The case against TOST:
- A rich 41.6x earnings multiple prices in a lot of growth.
- Limited free cash flow at today's price.
Valuation risk — at 41.6x earnings, disappointing results could compress the multiple.
Market risk — sector rotation, the economic cycle, and broad sentiment move the stock regardless of fundamentals.
On balance, the fundamentals screen favourably: Toast Inc is a large-cap financials business still growing nicely, with modest profitability, and a sound balance sheet. It trades at 41.6x earnings, which our model scores Favorable (59/100). Weigh this against your own goals and time horizon — this is educational information, not a recommendation.
Analyst Ratings
What 37 Wall Street analysts covering TOST recommend (July 2026). Consensus is a useful sanity check — not a substitute for your own homework.
Analysts have turned more cautious over the last three months (-3 pts of buy ratings).
Latest SEC Filings
TOST's most recent filings, straight from SEC EDGAR. Annual and quarterly reports are the deep dives; 8-Ks flag material events the moment they happen.
In the Idea Lab
TOST — frequently asked questions
Is TOST a good stock to buy?
We don't give buy or sell advice. Our model rates Toast Inc Favorable (59/100) based on its growth, profitability, financial health, and valuation — use that as a research starting point and make your own decision.
What is TOST's rating on The Stocks School?
Toast Inc currently scores 59/100 (Favorable) on our transparent model, which weighs real fundamentals: growth, margins, returns on capital, balance-sheet strength, and valuation.
How our ratings work →Where does TOST's data come from?
Live price data plus real fundamentals and 5-year financials pulled directly from Toast Inc's SEC filings — refreshed automatically, not hand-entered.
How is the 5-year projection for TOST calculated?
It's a scenario model: it grows revenue at an assumed rate, applies a profit margin and a valuation multiple, and shows the resulting share-price range. The assumptions are yours to change — it's a tool for thinking, not a prediction.
Is this TOST analysis financial advice?
No. Everything on this page is educational research, not financial advice or a recommendation to buy or sell TOST. Always do your own research and consider a licensed professional.
Data notice. Fundamentals and financial statements are sourced from company filings (SEC EDGAR) and market-data providers; prices and market caps refresh on trading days and may be delayed. Ratings, projections, technical signals, and written summaries are model- or rule-generated for education and may simplify or lag the latest filings.
Not advice. Nothing on this page is investment advice or a recommendation to buy, hold, or sell any security. Do your own research and consult a licensed financial professional before investing.