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NDAQ vs. TOST: Nasdaq vs. Toast Stock Comparison

How do Nasdaq (NDAQ) 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

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

Nasdaq (NDAQ) has more than two decades of public-market history since July 1, 2002, whereas Toast (TOST) listed on September 22, 2021 and has a much shorter record to draw on.

Company profile comparison for Nasdaq (NDAQ) and Toast (TOST)
Profile ItemNDAQTOST
NameNasdaq, Inc. Common StockToast, Inc. Class A Common Stock
Country/RegionUnited StatesUnited States
GICS SectorFinancialsFinancials
GICS Industry GroupFinancial ServicesFinancial Services
GICS IndustryCapital MarketsFinancial Services
GICS Sub-IndustryFinancial Exchanges & DataTransaction & Payment Processing Services
Market Capitalization59.88 billion USD20.14 billion USD
CurrencyUSDUSD
ExchangeNasdaqNYSE
Listing DateJuly 1, 2002September 22, 2021
Security TypeCommon StockCommon Stock

Price Performance

Cumulative Growth

NDAQ
TOST
GSPC
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Nasdaq (NDAQ) 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 Nasdaq (NDAQ) and Toast (TOST). Returns over one year are annualized.

Calendar-Year Returns

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

Performance Metrics

Price performance metrics for Nasdaq (NDAQ) and Toast (TOST)
MetricNDAQTOST
Total Return (1Y)26.55%-5.92%
Total Return (3Y, Annualized)30.18%35.73%
Total Return (5Y, Annualized)10.68%-10.54%

Risk Profile

Drawdown History

NDAQ
TOST
GSPC
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Nasdaq (NDAQ) 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 Nasdaq (NDAQ) and Toast (TOST). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for Nasdaq (NDAQ) and Toast (TOST)
MetricNDAQTOST
Volatility (1Y, Annualized)28.74%45.32%
Beta (5Y)0.941.66
Max Drawdown (5Y)-32.57%-79.13%
Avg. Volume (3M)3.13M8.73M

Risk-Adjusted Performance

Risk-Return Positioning

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NDAQ 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 Nasdaq (NDAQ) and Toast (TOST)
MetricNDAQTOST
Sharpe Ratio (1Y)0.77-0.23
Sortino Ratio (1Y)1.09-0.31

Profitability

ROE (TTM)

Toast (TOST) at 25.58% sits in the top ROE quartile, while Nasdaq (NDAQ) at 17.33% is closer to the peer norm — stronger capital efficiency for TOST.

NDAQ

Financial Services industry group

17.33%

Max
44.78%
Q3
21.85%
NDAQ
17.33%
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%
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Nasdaq (NDAQ) vs. Toast (TOST): A comparison of their ROE against the Financial Services industry group benchmark.

Net Margin (TTM)

Nasdaq (NDAQ) at 36.06% retains a top-quartile share of revenue as profit, ahead of Toast (TOST) at 7.69%, which keeps about the industry-typical share.

NDAQ

Financial Services industry group

36.06%

Max
62.84%
NDAQ
36.06%
Q3
28.05%
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%
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Nasdaq (NDAQ) vs. Toast (TOST): A comparison of their net margin against the Financial Services industry group benchmark.

Operating Margin (TTM)

Nasdaq (NDAQ) at 50.57% runs core operations around its industry’s norm, while Toast (TOST) at 8.63% operates in the bottom quartile.

NDAQ

Financial Services industry group

50.57%

Max
107.33%
Q3
55.90%
NDAQ
50.57%
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%
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Nasdaq (NDAQ) vs. Toast (TOST): A comparison of their operating margin against the Financial Services industry group benchmark.

Profitability Metrics

Profitability metrics for Nasdaq (NDAQ) and Toast (TOST)
MetricNDAQTOST
ROE (TTM)17.33%25.58%
ROA (TTM)6.10%10.30%
Net Margin (TTM)36.06%7.69%
Operating Margin (TTM)50.57%8.63%
Gross Margin (TTM)----

Growth

Revenue Growth

Both Nasdaq (NDAQ) at 11.65% 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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Nasdaq (NDAQ) 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; Nasdaq (NDAQ) at 60.10% also sits in the top quartile.

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

Growth Metrics

Growth metrics for Nasdaq (NDAQ) and Toast (TOST)
MetricNDAQTOST
Revenue Growth (YoY)11.65%24.05%
Revenue Growth (3Y CAGR)9.89%31.10%
EPS Growth (YoY)60.10%1,766.67%
EPS Growth (3Y CAGR)10.99%--

Financial Strength

Current Ratio (MRQ)

current ratio doesn’t apply on either side: Nasdaq (NDAQ) 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: Nasdaq (NDAQ) 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 Nasdaq (NDAQ) and Toast (TOST)
MetricNDAQTOST
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 Nasdaq (NDAQ) reports a yield of 1.09%, ranking against industry peers normally.

NDAQ

Financial Services industry group

1.09%

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

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 Nasdaq (NDAQ) reports a payout of 31.69%, ranking against industry peers normally.

NDAQ

Financial Services industry group

31.69%

Max
241.07%
Q3
97.36%
NDAQ
31.69%
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%
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Nasdaq (NDAQ) vs. Toast (TOST): A comparison of their payout ratio against the Financial Services industry group benchmark.

Dividend Metrics

Dividend metrics for Nasdaq (NDAQ) and Toast (TOST)
MetricNDAQTOST
Dividend Yield (TTM)1.09%0.00%
Dividend Payout Ratio (TTM)31.69%0.00%

Valuation

P/E Ratio (TTM)

Both Nasdaq (NDAQ) at 29.27 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.

NDAQ

Financial Services industry group

29.27

Max
45.85
NDAQ
29.27
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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Nasdaq (NDAQ) 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 prices around its industry’s typical P/S ratio, while Nasdaq (NDAQ) at 10.36 clears its benchmark range — NDAQ looks notably rich on sales.

NDAQ

Financial Services industry group

10.36

NDAQ
10.36
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
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Nasdaq (NDAQ) 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: Nasdaq (NDAQ) at 4.99 sits in the upper P/B ratio quartile, and Toast (TOST) at 8.79 prices even higher, above its industry range.

NDAQ

Financial Services industry group

4.99

Max
7.79
NDAQ
4.99
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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Nasdaq (NDAQ) vs. Toast (TOST): A comparison of their P/B ratio against the Financial Services industry group benchmark.

Valuation Metrics

Valuation metrics for Nasdaq (NDAQ) and Toast (TOST)
MetricNDAQTOST
P/E Ratio (TTM)29.2738.10
P/S Ratio (TTM)10.362.82
P/B Ratio (MRQ)4.998.79
Free Cash Flow Yield (TTM)----