Toast (TOST) Stock Analysis

November 11, 2026

This is a peer-relative look at Toast (TOST): its performance, risk, profitability, growth, financial strength, dividend, and valuation are each measured against its Financial Services peers, so every number reads in context rather than in isolation.

Company Profile

Company profile fields for Toast (TOST)
Profile Item	TOST
Name	Toast, Inc. Class A Common Stock
Country/Region	United States
GICS Sector	Financials
GICS Industry Group	Financial Services
GICS Industry	Financial Services
GICS Sub-Industry	Transaction & Payment Processing Services
Market Capitalization	20.14 billion USD
Currency	USD
Exchange	NYSE
Listing Date	September 22, 2021
Security Type	Common Stock

Price Performance

Cumulative Growth

TOST

GSPC

Toast (TOST) vs. S&P 500 (GSPC): Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for Toast (TOST) and S&P 500 (GSPC). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Toast (TOST) and S&P 500 (GSPC). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Toast (TOST) metric values compared with Financial Services industry-group medians
Metric	Current stock: TOST	Industry group median
Total Return (1Y)	-5.92%	1.90%
Total Return (3Y, Annualized)	35.73%	12.71%
Total Return (5Y, Annualized)	-10.54%	2.81%

Risk Profile

Drawdown History

TOST

GSPC

Toast (TOST) vs. S&P 500 (GSPC): Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for Toast (TOST) and S&P 500 (GSPC). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Toast (TOST) metric values compared with Financial Services industry-group medians
Metric	Current stock: TOST	Industry group median
Volatility (1Y, Annualized)	45.32%	36.24%
Beta (5Y)	1.66	1.04
Max Drawdown (5Y)	-79.13%	-48.56%

Risk-Adjusted Performance

Risk-Return Positioning

Each dot is a stock plotted by 1-year volatility (risk) and 1-year return. TOST is highlighted; the dashed line is the Capital Allocation Line from the risk-free rate through the industry median — dots above it are stronger on a risk-adjusted basis.

Risk-Adjusted Metrics

Toast (TOST) metric values compared with Financial Services industry-group medians
Metric	Current stock: TOST	Industry group median
Sharpe Ratio (1Y)	-0.23	-0.09
Sortino Ratio (1Y)	-0.31	-0.13

Profitability

ROE (TTM)

Toast (TOST) posts ROE of 25.58%, in the upper peer quartile. That suggests the company earns more from each dollar of shareholders’ equity than most industry peers, a useful capital-efficiency signal.

TOST

Financial Services industry group

25.58%

Group distribution

Max: 44.78%
TOST: 25.58%
Q3: 21.85%
Median: 12.91%
Q1: 4.48%
Min: -18.71%

Largest peers

MA: 231.37%
V: 63.51%
TOST: 25.58%
MS: 18.04%
GS: 17.71%
BRK.A: 12.12%
BRK.B: 12.12%

Where Toast (TOST) stands on ROE within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Net Margin (TTM)

Toast (TOST) keeps 7.69% of revenue as net profit, roughly in line with the peer group’s normal net margin range. Its full cost stack is taking a typical share of sales for the industry.

TOST

Financial Services industry group

7.69%

Group distribution

Max: 62.84%
Q3: 28.05%
Median: 15.36%
TOST: 7.69%
Q1: 4.82%
Min: -28.52%

Largest peers

V: 51.20%
MA: 46.73%
GS: 31.21%
MS: 25.63%
BRK.A: 22.30%
BRK.B: 22.30%
TOST: 7.69%

Where Toast (TOST) stands on net margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Operating Margin (TTM)

Toast (TOST) turns 8.63% of revenue into operating profit, in the lower peer quartile for operating margin. Operating costs are taking a larger share of sales than they do at most peers.

TOST

Financial Services industry group

8.63%

Group distribution

Max: 107.33%
Q3: 55.90%
Median: 30.09%
Q1: 14.60%
TOST: 8.63%
Min: -44.34%

Largest peers

V: 63.73%
MA: 60.53%
MS: 39.00%
GS: 38.37%
BRK.A: 32.56%
BRK.B: 32.56%
TOST: 8.63%

Where Toast (TOST) stands on operating margin within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Profitability Metrics

Toast (TOST) metric values compared with Financial Services industry-group medians
Metric	Current stock: TOST	Industry group median
ROE (TTM)	25.58%	12.91%
ROA (TTM)	10.30%	3.60%
Net Margin (TTM)	7.69%	15.36%
Operating Margin (TTM)	8.63%	30.09%
Gross Margin (TTM)	--	--

Growth

Revenue Growth

Toast (TOST) grew revenue 24.05%, roughly around the peer group's normal range. Top-line momentum looks broadly typical for the industry.

Toast (TOST): Revenue Growth across different time periods, set against Financial Services industry-group medians.

EPS Growth

Toast (TOST) grew earnings per share 1,766.67%, above the industry benchmark range. Profits are compounding faster than at any typical peer, though a depressed base year can inflate the percentage, so the level of earnings matters alongside the rate.

Toast (TOST): EPS Growth across different time periods, set against Financial Services industry-group medians.

Growth Metrics

Toast (TOST) metric values compared with Financial Services industry-group medians
Metric	Current stock: TOST	Industry group median
Revenue Growth (YoY)	24.05%	9.46%
Revenue Growth (3Y CAGR)	31.10%	10.90%
EPS Growth (YoY)	1,766.67%	7.46%
EPS Growth (3Y CAGR)	--	13.04%

Financial Strength

Current Ratio (MRQ)

current ratio is set aside for Toast (TOST) in Financial Services: these balance sheets are not best read through a current/non-current split, so regulatory, funding, or liquidity-coverage measures usually matter more.

Debt / Equity (MRQ)

debt-to-equity ratio is set aside for Toast (TOST) in Financial Services: leverage is part of the business model itself, so capital adequacy, funding mix, and regulatory measures are usually better risk gauges.

Financial Strength Metrics

Toast (TOST) metric values compared with Financial Services industry-group medians
Metric	Current stock: TOST	Industry group median
Current Ratio (MRQ)	--	--
Debt / Equity (MRQ)	--	--
Net Debt / EBITDA	--	--

Dividends

Dividend Yield (TTM)

Toast (TOST) pays no dividend, leaving dividend yield at 0.00% this period. Shareholders may still receive value through reinvestment or buybacks, but there is no dividend income to compare here.

TOST

Financial Services industry group

0.00%

Group distribution

Max: 9.77%
Q3: 3.92%
Median: 1.09%
TOST: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 2.40%
GS: 2.07%
V: 0.66%
MA: 0.53%
TOST: 0.00%
BRK.A: 0.00%
BRK.B: 0.00%

Where Toast (TOST) stands on dividend yield within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Payout Ratio (TTM)

Toast (TOST) paid no earnings out as dividends this period, leaving payout ratio at 0.00%. There is no dividend payout to size against earnings.

TOST

Financial Services industry group

0.00%

Group distribution

Max: 241.07%
Q3: 97.36%
Median: 25.77%
TOST: 0.00%
Q1: 0.00%
Min: 0.00%

Largest peers

MS: 32.91%
GS: 25.88%
V: 21.75%
MA: 17.63%
TOST: 0.00%
BRK.A: 0.00%
BRK.B: 0.00%

Where Toast (TOST) stands on payout ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Dividend Metrics

Toast (TOST) metric values compared with Financial Services industry-group medians
Metric	Current stock: TOST	Industry group median
Dividend Yield (TTM)	0.00%	1.09%
Dividend Payout Ratio (TTM)	0.00%	25.77%

Valuation

P/E Ratio (TTM)

Toast (TOST) trades at P/E ratio of 38.10, in the richer earnings-multiple quartile for its industry. That premium needs support from growth, durable earnings, or stronger business quality.

TOST

Financial Services industry group

38.10

Group distribution

Max: 45.85
TOST: 38.10
Q3: 24.64
Median: 15.37
Q1: 9.68
Min: 0.16

Largest peers

TOST: 38.10
V: 34.31
MA: 34.15
MS: 14.39
BRK.A: 14.36
BRK.B: 14.36
GS: 12.45

Where Toast (TOST) stands on P/E ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/S Ratio (TTM)

Toast (TOST) trades at 2.82 on P/S ratio, roughly in the peer group’s normal range. The market is not making a strong cheap-or-rich statement about its revenue base.

TOST

Financial Services industry group

2.82

Group distribution

Max: 9.23
Q3: 4.57
TOST: 2.82
Median: 2.72
Q1: 1.28
Min: -0.55

Largest peers

V: 17.18
MA: 15.67
MS: 3.55
GS: 3.52
BRK.A: 3.18
BRK.B: 3.18
TOST: 2.82

Where Toast (TOST) stands on P/S ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

P/B Ratio (MRQ)

Toast (TOST) trades at 8.79 on P/B ratio, above the industry benchmark range. Investors are putting an unusually rich price on each dollar of book equity relative to peers.

TOST

Financial Services industry group

8.79

Group distribution

TOST: 8.79
Max: 7.79
Q3: 3.63
Median: 1.57
Q1: 0.81
Min: -0.39

Largest peers

MA: 84.30
V: 22.05
TOST: 8.79
MS: 2.65
GS: 2.36
BRK.A: 1.72
BRK.B: 0.00

Where Toast (TOST) stands on P/B ratio within its Financial Services peer group — the box is the group’s distribution and the dots its largest members.

Valuation Metrics

Toast (TOST) metric values compared with Financial Services industry-group medians
Metric	Current stock: TOST	Industry group median
P/E Ratio (TTM)	38.10	15.37
P/S Ratio (TTM)	2.82	2.72
P/B Ratio (MRQ)	8.79	1.57
Free Cash Flow Yield (TTM)	--	--