ARES vs. TOST: Ares Management vs. Toast Stock Comparison
How do Ares Management (ARES) and Toast (TOST) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.
Company Profile
Ares Management (ARES) and Toast (TOST) both fall under the Financial Services industry group, but ARES is classified in Capital Markets while TOST is classified in Financial Services.
| Profile Item | ARES | TOST |
|---|---|---|
| Name | Ares Management Corp. Class A Common Stock | Toast, Inc. Class A Common Stock |
| Country/Region | United States | United States |
| GICS Sector | Financials | Financials |
| GICS Industry Group | Financial Services | Financial Services |
| GICS Industry | Capital Markets | Financial Services |
| GICS Sub-Industry | Asset Management & Custody Banks | Transaction & Payment Processing Services |
| Market Capitalization | 44.45 billion USD | 20.14 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 2, 2014 | September 22, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | ARES | TOST |
|---|---|---|
| Total Return (1Y) | -5.55% | -5.92% |
| Total Return (3Y, Annualized) | 13.18% | 35.73% |
| Total Return (5Y, Annualized) | 13.38% | -10.54% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | ARES | TOST |
|---|---|---|
| Volatility (1Y, Annualized) | 44.09% | 45.32% |
| Beta (5Y) | 1.45 | 1.66 |
| Max Drawdown (5Y) | -49.97% | -79.13% |
| Avg. Volume (3M) | 2.20M | 8.73M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | ARES | TOST |
|---|---|---|
| Sharpe Ratio (1Y) | -0.22 | -0.23 |
| Sortino Ratio (1Y) | -0.31 | -0.31 |
Profitability
ROE (TTM)
Capital efficiency shows on one side only: Toast (TOST) earns 25.58% on shareholders’ equity, ranked against its industry; Ares Management (ARES) has no ROE this period.
ARES
Financial Services industry group
--
- Max
- 44.78%
- Q3
- 21.85%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
- ARES
- --
TOST
Financial Services industry group
25.58%
- Max
- 44.78%
- TOST
- 25.58%
- Q3
- 21.85%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Both Ares Management (ARES) at 8.69% and Toast (TOST) at 7.69% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.
ARES
Financial Services industry group
8.69%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- ARES
- 8.69%
- Q1
- 4.82%
- Min
- -28.52%
TOST
Financial Services industry group
7.69%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- TOST
- 7.69%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Both Ares Management (ARES) at 2.89% and Toast (TOST) at 8.63% generate less operating profit per sales dollar than peers, sitting in the lower operating margin quartile of their industries.
ARES
Financial Services industry group
2.89%
- Max
- 107.33%
- Q3
- 55.90%
- Median
- 30.09%
- Q1
- 14.60%
- ARES
- 2.89%
- Min
- -44.34%
TOST
Financial Services industry group
8.63%
- Max
- 107.33%
- Q3
- 55.90%
- Median
- 30.09%
- Q1
- 14.60%
- TOST
- 8.63%
- Min
- -44.34%
Profitability Metrics
| Metric | ARES | TOST |
|---|---|---|
| ROE (TTM) | -- | 25.58% |
| ROA (TTM) | -- | 10.30% |
| Net Margin (TTM) | 8.69% | 7.69% |
| Operating Margin (TTM) | 2.89% | 8.63% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Ares Management (ARES) at 44.19% sits in the top revenue growth quartile, while Toast (TOST) at 24.05% is closer to the peer norm — faster top-line expansion for ARES.
EPS Growth
Toast (TOST) at 1,766.67% clears its industry range for EPS growth, a much stronger earnings trajectory than Ares Management (ARES) at -16.67%, which is closer to a typical peer reading.
Growth Metrics
| Metric | ARES | TOST |
|---|---|---|
| Revenue Growth (YoY) | 44.19% | 24.05% |
| Revenue Growth (3Y CAGR) | 22.39% | 31.10% |
| EPS Growth (YoY) | -16.67% | 1,766.67% |
| EPS Growth (3Y CAGR) | 25.02% | -- |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Ares Management (ARES) in Financial Services and Toast (TOST) in Financial Services both report balance sheets without a current/non-current split, so their short-term liquidity is better judged through regulatory and funding measures.
Debt / Equity (MRQ)
debt-to-equity ratio is set aside for both: Ares Management (ARES) in Financial Services and Toast (TOST) in Financial Services run businesses where balance-sheet leverage is part of the model, so capital-adequacy and funding measures are the better gauges of balance-sheet risk.
Financial Strength Metrics
| Metric | ARES | TOST |
|---|---|---|
| Current Ratio (MRQ) | -- | -- |
| Debt / Equity (MRQ) | -- | -- |
| Net Debt / EBITDA | -- | -- |
Dividends
Dividend Yield (TTM)
Toast (TOST) pays no dividend (yield 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Ares Management (ARES) reports a yield of 3.87%, ranking against industry peers normally.
ARES
Financial Services industry group
3.87%
- Max
- 9.77%
- Q3
- 3.92%
- ARES
- 3.87%
- Median
- 1.09%
- Q1
- 0.00%
- Min
- 0.00%
TOST
Financial Services industry group
0.00%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- TOST
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Payout Ratio (TTM)
Ares Management (ARES) reports payout ratio above 100% at 423.77%, meaning dividends exceeded current-period earnings; Toast (TOST) pays no dividend (payout 0.00%).
ARES
Financial Services industry group
423.77%
- ARES
- 423.77%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- Q1
- 0.00%
- Min
- 0.00%
TOST
Financial Services industry group
0.00%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- TOST
- 0.00%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | ARES | TOST |
|---|---|---|
| Dividend Yield (TTM) | 3.87% | 0.00% |
| Dividend Payout Ratio (TTM) | 423.77% | 0.00% |
Valuation
P/E Ratio (TTM)
Both look expensive on trailing earnings: Toast (TOST) at 38.10 sits in the richer P/E ratio quartile, and Ares Management (ARES) at 109.82 is richer still, above its industry range.
ARES
Financial Services industry group
109.82
- ARES
- 109.82
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
TOST
Financial Services industry group
38.10
- Max
- 45.85
- TOST
- 38.10
- Q3
- 24.64
- Median
- 15.37
- Q1
- 9.68
- Min
- 0.16
P/S Ratio (TTM)
Toast (TOST) at 2.82 is priced about in line with its industry on P/S ratio, while Ares Management (ARES) at 8.92 sits in the pricier quartile — ARES costs more per dollar of sales.
ARES
Financial Services industry group
8.92
- Max
- 9.23
- ARES
- 8.92
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
TOST
Financial Services industry group
2.82
- Max
- 9.23
- Q3
- 4.57
- TOST
- 2.82
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Measured against book value, both Ares Management (ARES) at 12.15 and Toast (TOST) at 8.79 look expensive — each P/B ratio sits above its industry’s benchmark range.
ARES
Financial Services industry group
12.15
- ARES
- 12.15
- Max
- 7.79
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
TOST
Financial Services industry group
8.79
- TOST
- 8.79
- Max
- 7.79
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | ARES | TOST |
|---|---|---|
| P/E Ratio (TTM) | 109.82 | 38.10 |
| P/S Ratio (TTM) | 8.92 | 2.82 |
| P/B Ratio (MRQ) | 12.15 | 8.79 |
| Free Cash Flow Yield (TTM) | -- | -- |