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FRHC vs. TOST: Freedom vs. Toast Stock Comparison

How do Freedom (FRHC) 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

Freedom (FRHC) and Toast (TOST) both fall under the Financial Services industry group, but FRHC is classified in Capital Markets while TOST is classified in Financial Services.

Company profile comparison for Freedom (FRHC) and Toast (TOST)
Profile ItemFRHCTOST
NameFreedom Holding Corp.Toast, Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsFinancial Services
GICS Sub-IndustryInvestment Banking & BrokerageTransaction & Payment Processing Services
Market Capitalization11.41 billion USD20.14 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateFebruary 7, 2018September 22, 2021
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

FRHC
TOST
GSPC
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Freedom (FRHC) vs. Toast (TOST), with S&P 500 (GSPC) for reference: 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 Freedom (FRHC) and Toast (TOST). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for Freedom (FRHC) and Toast (TOST). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for Freedom (FRHC) and Toast (TOST)
MetricFRHCTOST
Total Return (1Y)18.04%-5.92%
Total Return (3Y, Annualized)28.04%35.73%
Total Return (5Y, Annualized)18.95%-10.54%

Risk Profile

Drawdown History

FRHC
TOST
GSPC
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Freedom (FRHC) vs. Toast (TOST), with S&P 500 (GSPC) for reference: 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 Freedom (FRHC) and Toast (TOST). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Freedom (FRHC) and Toast (TOST)
MetricFRHCTOST
Volatility (1Y, Annualized)47.01%45.32%
Beta (5Y)0.711.66
Max Drawdown (5Y)-45.80%-79.13%
Avg. Volume (3M)108.35K8.73M

Risk-Adjusted Performance

Risk-Return Positioning

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FRHC and TOST are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for Freedom (FRHC) and Toast (TOST)
MetricFRHCTOST
Sharpe Ratio (1Y)0.29-0.23
Sortino Ratio (1Y)0.45-0.31

Profitability

ROE (TTM)

Toast (TOST) at 25.58% sits in the top ROE quartile, while Freedom (FRHC) at 10.68% is closer to the peer norm — stronger capital efficiency for TOST.

FRHC

Financial Services industry group

10.68%

Max
44.78%
Q3
21.85%
Median
12.91%
FRHC
10.68%
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%
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Freedom (FRHC) vs. Toast (TOST): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Both Freedom (FRHC) at 8.43% 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.

FRHC

Financial Services industry group

8.43%

Max
62.84%
Q3
28.05%
Median
15.36%
FRHC
8.43%
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%
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Freedom (FRHC) vs. Toast (TOST): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Both Freedom (FRHC) at 5.01% 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.

FRHC

Financial Services industry group

5.01%

Max
107.33%
Q3
55.90%
Median
30.09%
Q1
14.60%
FRHC
5.01%
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%
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Freedom (FRHC) vs. Toast (TOST): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Freedom (FRHC) and Toast (TOST)
MetricFRHCTOST
ROE (TTM)10.68%25.58%
ROA (TTM)1.24%10.30%
Net Margin (TTM)8.43%7.69%
Operating Margin (TTM)5.01%8.63%
Gross Margin (TTM)----

Growth

Revenue Growth

Both Freedom (FRHC) at 8.97% 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.

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Freedom (FRHC) vs. Toast (TOST): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both companies show strong earnings momentum, but Toast (TOST) at 1,766.67% is the standout with EPS growth above its industry range; Freedom (FRHC) at 98.93% also sits in the top quartile.

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Freedom (FRHC) vs. Toast (TOST): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for Freedom (FRHC) and Toast (TOST)
MetricFRHCTOST
Revenue Growth (YoY)8.97%24.05%
Revenue Growth (3Y CAGR)39.61%31.10%
EPS Growth (YoY)98.93%1,766.67%
EPS Growth (3Y CAGR)-10.08%--

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Freedom (FRHC) 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: Freedom (FRHC) 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

Financial strength metrics for Freedom (FRHC) and Toast (TOST)
MetricFRHCTOST
Current Ratio (MRQ)----
Debt / Equity (MRQ)----
Net Debt / EBITDA----

Dividends

Dividend Yield (TTM)

Neither Freedom (FRHC) nor Toast (TOST) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FRHC

Financial Services industry group

0.00%

Max
9.77%
Q3
3.92%
Median
1.09%
FRHC
0.00%
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%
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Freedom (FRHC) vs. Toast (TOST): A comparison of their dividend yield against the Financial Services industry group benchmark.

Dividend Payout Ratio (TTM)

Neither Freedom (FRHC) nor Toast (TOST) pays a dividend this period — they may reinvest, use buybacks, or simply not return cash through dividends.

FRHC

Financial Services industry group

0.00%

Max
241.07%
Q3
97.36%
Median
25.77%
FRHC
0.00%
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%
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Freedom (FRHC) vs. Toast (TOST): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Freedom (FRHC) and Toast (TOST)
MetricFRHCTOST
Dividend Yield (TTM)0.00%0.00%
Dividend Payout Ratio (TTM)0.00%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 Freedom (FRHC) at 70.97 is richer still, above its industry range.

FRHC

Financial Services industry group

70.97

FRHC
70.97
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
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Freedom (FRHC) vs. Toast (TOST): A comparison of their P/E ratio against the Financial Services industry group benchmark.

P/S Ratio (TTM)

Toast (TOST) at 2.82 is priced about in line with its industry on P/S ratio, while Freedom (FRHC) at 6.51 sits in the pricier quartile — FRHC costs more per dollar of sales.

FRHC

Financial Services industry group

6.51

Max
9.23
FRHC
6.51
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
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Freedom (FRHC) vs. Toast (TOST): A comparison of their P/S ratio against the Financial Services industry group benchmark.

P/B Ratio (MRQ)

Both look rich against book: Freedom (FRHC) at 7.16 sits in the upper P/B ratio quartile, and Toast (TOST) at 8.79 prices even higher, above its industry range.

FRHC

Financial Services industry group

7.16

Max
7.79
FRHC
7.16
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
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Freedom (FRHC) vs. Toast (TOST): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Freedom (FRHC) and Toast (TOST)
MetricFRHCTOST
P/E Ratio (TTM)70.9738.10
P/S Ratio (TTM)6.512.82
P/B Ratio (MRQ)7.168.79
Free Cash Flow Yield (TTM)----