EQH vs. TOST: Equitable vs. Toast Stock Comparison
How do Equitable (EQH) 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
Equitable (EQH) and Toast (TOST) both belong to the Financial Services industry, though EQH is classified under Diversified Financial Services while TOST falls under Transaction & Payment Processing Services.
| Profile Item | EQH | TOST |
|---|---|---|
| Name | Equitable Holdings 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 | Financial Services | Financial Services |
| GICS Sub-Industry | Diversified Financial Services | Transaction & Payment Processing Services |
| Market Capitalization | 14.04 billion USD | 20.14 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | NYSE |
| Listing Date | May 10, 2018 | September 22, 2021 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | EQH | TOST |
|---|---|---|
| Total Return (1Y) | 26.35% | -5.92% |
| Total Return (3Y, Annualized) | 32.07% | 35.73% |
| Total Return (5Y, Annualized) | 12.88% | -10.54% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
| Metric | EQH | TOST |
|---|---|---|
| Volatility (1Y, Annualized) | 33.44% | 45.32% |
| Beta (5Y) | 1.04 | 1.66 |
| Max Drawdown (5Y) | -35.85% | -79.13% |
| Avg. Volume (3M) | 2.71M | 8.73M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | EQH | TOST |
|---|---|---|
| Sharpe Ratio (1Y) | 0.66 | -0.23 |
| Sortino Ratio (1Y) | 0.94 | -0.31 |
Profitability
ROE (TTM)
Both companies show strong equity returns, but Equitable (EQH) at 171.08% is the standout with ROE above its industry range; Toast (TOST) at 25.58% also sits in the top quartile.
EQH
Financial Services industry group
171.08%
- EQH
- 171.08%
- Max
- 44.78%
- 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 Equitable (EQH) at 11.52% 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.
EQH
Financial Services industry group
11.52%
- Max
- 62.84%
- Q3
- 28.05%
- Median
- 15.36%
- EQH
- 11.52%
- 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)
Equitable (EQH) at 37.18% runs core operations around its industry’s norm, while Toast (TOST) at 8.63% operates in the bottom quartile.
EQH
Financial Services industry group
37.18%
- Max
- 107.33%
- Q3
- 55.90%
- EQH
- 37.18%
- 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 | EQH | TOST |
|---|---|---|
| ROE (TTM) | 171.08% | 25.58% |
| ROA (TTM) | 0.45% | 10.30% |
| Net Margin (TTM) | 11.52% | 7.69% |
| Operating Margin (TTM) | 37.18% | 8.63% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Toast (TOST) at 24.05% is around its peer norm for revenue growth, while Equitable (EQH) at -6.12% drops into the bottom quartile, signaling weaker demand or pricing momentum.
EPS Growth
Toast (TOST) at 1,766.67% sits above its peer range for EPS growth; Equitable (EQH) at -227.78% sits below its range, putting their earnings trajectories at opposite ends.
Growth Metrics
| Metric | EQH | TOST |
|---|---|---|
| Revenue Growth (YoY) | -6.12% | 24.05% |
| Revenue Growth (3Y CAGR) | -2.65% | 31.10% |
| EPS Growth (YoY) | -227.78% | 1,766.67% |
| EPS Growth (3Y CAGR) | -- | -- |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Equitable (EQH) 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: Equitable (EQH) 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 | EQH | 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 Equitable (EQH) reports a yield of 0.51%, ranking against industry peers normally.
EQH
Financial Services industry group
0.51%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- EQH
- 0.51%
- 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)
Toast (TOST) pays no dividend (payout 0.00%) — it may be reinvesting, using buybacks, or simply not returning cash through dividends. Meanwhile Equitable (EQH) reports a payout of 22.49%, ranking against industry peers normally.
EQH
Financial Services industry group
22.49%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- EQH
- 22.49%
- 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 | EQH | TOST |
|---|---|---|
| Dividend Yield (TTM) | 0.51% | 0.00% |
| Dividend Payout Ratio (TTM) | 22.49% | 0.00% |
Valuation
P/E Ratio (TTM)
Equitable (EQH) at 10.39 is near its industry’s usual P/E ratio, while Toast (TOST) at 38.10 sits in the richer quartile — TOST needs stronger growth or earnings quality to justify the premium.
EQH
Financial Services industry group
10.39
- Max
- 45.85
- Q3
- 24.64
- Median
- 15.37
- EQH
- 10.39
- 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)
Equitable (EQH) at 1.08 sits in the cheaper P/S ratio quartile while Toast (TOST) at 2.82 prices around its industry’s middle — EQH costs less per dollar of sales, though read it alongside growth and margins.
EQH
Financial Services industry group
1.08
- Max
- 9.23
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- EQH
- 1.08
- 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)
Equitable (EQH) reports a negative P/B ratio of -4.92, meaning negative book equity — the multiple itself is not meaningful for valuation. Meanwhile Toast (TOST) reports 8.79, ranking against industry peers normally.
EQH
Financial Services industry group
-4.92
- Max
- 7.79
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
- EQH
- -4.92
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 | EQH | TOST |
|---|---|---|
| P/E Ratio (TTM) | 10.39 | 38.10 |
| P/S Ratio (TTM) | 1.08 | 2.82 |
| P/B Ratio (MRQ) | -4.92 | 8.79 |
| Free Cash Flow Yield (TTM) | -- | -- |