BX vs. TOST: Blackstone vs. Toast Stock Comparison
How do Blackstone (BX) 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
Blackstone (BX) and Toast (TOST) both fall under the Financial Services industry group, but BX is classified in Capital Markets while TOST is classified in Financial Services.
| Profile Item | BX | TOST |
|---|---|---|
| Name | Blackstone Inc. | 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 | 148.61 billion USD | 20.14 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | June 22, 2007 | September 22, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | BX | TOST |
|---|---|---|
| Total Return (1Y) | -11.29% | -5.92% |
| Total Return (3Y, Annualized) | 12.22% | 35.73% |
| Total Return (5Y, Annualized) | 0.26% | -10.54% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | BX | TOST |
|---|---|---|
| Volatility (1Y, Annualized) | 38.63% | 45.32% |
| Beta (5Y) | 1.50 | 1.66 |
| Max Drawdown (5Y) | -49.29% | -79.13% |
| Avg. Volume (3M) | 4.75M | 8.73M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | BX | TOST |
|---|---|---|
| Sharpe Ratio (1Y) | -0.40 | -0.23 |
| Sortino Ratio (1Y) | -0.57 | -0.31 |
Profitability
ROE (TTM)
Both Blackstone (BX) at 32.38% and Toast (TOST) at 25.58% sit in the top peer quartile for ROE, suggesting each generates more profit from shareholders’ equity than typical industry peers.
BX
Financial Services industry group
32.38%
- Max
- 44.78%
- BX
- 32.38%
- Q3
- 21.85%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
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 Blackstone (BX) at 22.99% 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.
BX
Financial Services industry group
22.99%
- Max
- 62.84%
- Q3
- 28.05%
- BX
- 22.99%
- Median
- 15.36%
- 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)
Blackstone (BX) at 48.86% runs core operations around its industry’s norm, while Toast (TOST) at 8.63% operates in the bottom quartile.
BX
Financial Services industry group
48.86%
- Max
- 107.33%
- Q3
- 55.90%
- BX
- 48.86%
- Median
- 30.09%
- Q1
- 14.60%
- 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 | BX | TOST |
|---|---|---|
| ROE (TTM) | 32.38% | 25.58% |
| ROA (TTM) | 14.27% | 10.30% |
| Net Margin (TTM) | 22.99% | 7.69% |
| Operating Margin (TTM) | 48.86% | 8.63% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Blackstone (BX) at 13.54% and Toast (TOST) at 24.05% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
EPS Growth
Toast (TOST) at 1,766.67% clears its industry range for EPS growth, a much stronger earnings trajectory than Blackstone (BX) at 6.91%, which is closer to a typical peer reading.
Growth Metrics
| Metric | BX | TOST |
|---|---|---|
| Revenue Growth (YoY) | 13.54% | 24.05% |
| Revenue Growth (3Y CAGR) | 20.27% | 31.10% |
| EPS Growth (YoY) | 6.91% | 1,766.67% |
| EPS Growth (3Y CAGR) | 17.92% | -- |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Blackstone (BX) 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: Blackstone (BX) 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 | BX | 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 Blackstone (BX) reports a yield of 4.22%, ranking against industry peers normally.
BX
Financial Services industry group
4.22%
- Max
- 9.77%
- BX
- 4.22%
- Q3
- 3.92%
- 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)
Blackstone (BX) reports payout ratio above 100% at 111.19%, meaning dividends exceeded current-period earnings; Toast (TOST) pays no dividend (payout 0.00%).
BX
Financial Services industry group
111.19%
- Max
- 241.07%
- BX
- 111.19%
- 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 | BX | TOST |
|---|---|---|
| Dividend Yield (TTM) | 4.22% | 0.00% |
| Dividend Payout Ratio (TTM) | 111.19% | 0.00% |
Valuation
P/E Ratio (TTM)
Both Blackstone (BX) at 26.61 and Toast (TOST) at 38.10 sit in the richer earnings-multiple quartile for P/E ratio, so investors are paying more for TTM earnings than they pay for typical peers.
BX
Financial Services industry group
26.61
- Max
- 45.85
- BX
- 26.61
- 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 prices around its industry’s typical P/S ratio, while Blackstone (BX) at 9.61 clears its benchmark range — BX looks notably rich on sales.
BX
Financial Services industry group
9.61
- BX
- 9.61
- Max
- 9.23
- 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 Blackstone (BX) at 10.81 and Toast (TOST) at 8.79 look expensive — each P/B ratio sits above its industry’s benchmark range.
BX
Financial Services industry group
10.81
- BX
- 10.81
- 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 | BX | TOST |
|---|---|---|
| P/E Ratio (TTM) | 26.61 | 38.10 |
| P/S Ratio (TTM) | 9.61 | 2.82 |
| P/B Ratio (MRQ) | 10.81 | 8.79 |
| Free Cash Flow Yield (TTM) | -- | -- |