TOST vs. TW: Toast vs. Tradeweb Markets Stock Comparison
How do Toast (TOST) and Tradeweb Markets (TW) 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
Toast (TOST) and Tradeweb Markets (TW) both fall under the Financial Services industry group, but TOST is classified in Financial Services while TW is classified in Capital Markets.
| Profile Item | TOST | TW |
|---|---|---|
| Name | Toast, Inc. Class A Common Stock | Tradeweb Markets 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 | Capital Markets |
| GICS Sub-Industry | Transaction & Payment Processing Services | Financial Exchanges & Data |
| Market Capitalization | 20.14 billion USD | 27.59 billion USD |
| Currency | USD | USD |
| Exchange | NYSE | Nasdaq |
| Listing Date | September 22, 2021 | April 4, 2019 |
| Security Type | Common Stock | Common Stock |
Price Performance
Cumulative Growth
Trailing Returns
Calendar-Year Returns
Performance Metrics
| Metric | TOST | TW |
|---|---|---|
| Total Return (1Y) | -5.92% | 17.01% |
| Total Return (3Y, Annualized) | 35.73% | 11.65% |
| Total Return (5Y, Annualized) | -10.54% | 6.31% |
Risk Profile
Drawdown History
Return Distribution
Risk Metrics
Toast (TOST) has an aggressive beta of 1.66, indicating higher sensitivity to broad-market moves, while Tradeweb Markets (TW) is defensive at 0.54 and tends to be less market-sensitive — they sit on opposite ends of the beta spectrum.
| Metric | TOST | TW |
|---|---|---|
| Volatility (1Y, Annualized) | 45.32% | 30.82% |
| Beta (5Y) | 1.66 | 0.54 |
| Max Drawdown (5Y) | -79.13% | -48.64% |
| Avg. Volume (3M) | 8.73M | 1.37M |
Risk-Adjusted Performance
Risk-Return Positioning
Risk-Adjusted Metrics
| Metric | TOST | TW |
|---|---|---|
| Sharpe Ratio (1Y) | -0.23 | 0.41 |
| Sortino Ratio (1Y) | -0.31 | 0.60 |
Profitability
ROE (TTM)
Toast (TOST) at 25.58% sits in the top ROE quartile, while Tradeweb Markets (TW) at 14.46% is closer to the peer norm — stronger capital efficiency for TOST.
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%
TW
Financial Services industry group
14.46%
- Max
- 44.78%
- Q3
- 21.85%
- TW
- 14.46%
- Median
- 12.91%
- Q1
- 4.48%
- Min
- -18.71%
Net Margin (TTM)
Tradeweb Markets (TW) at 39.86% retains a top-quartile share of revenue as profit, ahead of Toast (TOST) at 7.69%, which keeps about the industry-typical share.
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%
TW
Financial Services industry group
39.86%
- Max
- 62.84%
- TW
- 39.86%
- Q3
- 28.05%
- Median
- 15.36%
- Q1
- 4.82%
- Min
- -28.52%
Operating Margin (TTM)
Tradeweb Markets (TW) at 43.30% runs core operations around its industry’s norm, while Toast (TOST) at 8.63% operates in the bottom quartile.
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%
TW
Financial Services industry group
43.30%
- Max
- 107.33%
- Q3
- 55.90%
- TW
- 43.30%
- Median
- 30.09%
- Q1
- 14.60%
- Min
- -44.34%
Profitability Metrics
| Metric | TOST | TW |
|---|---|---|
| ROE (TTM) | 25.58% | 14.46% |
| ROA (TTM) | 10.30% | 12.57% |
| Net Margin (TTM) | 7.69% | 39.86% |
| Operating Margin (TTM) | 8.63% | 43.30% |
| Gross Margin (TTM) | -- | -- |
Growth
Revenue Growth
Both Toast (TOST) at 24.05% and Tradeweb Markets (TW) at 18.92% land near their industries' usual revenue growth ranges, so top-line momentum looks broadly in line with peers on both sides.
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; Tradeweb Markets (TW) at 62.23% also sits in the top quartile.
Growth Metrics
| Metric | TOST | TW |
|---|---|---|
| Revenue Growth (YoY) | 24.05% | 18.92% |
| Revenue Growth (3Y CAGR) | 31.10% | 19.97% |
| EPS Growth (YoY) | 1,766.67% | 62.23% |
| EPS Growth (3Y CAGR) | -- | 36.69% |
Financial Strength
Current Ratio (MRQ)
current ratio doesn’t apply on either side: Toast (TOST) in Financial Services and Tradeweb Markets (TW) 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: Toast (TOST) in Financial Services and Tradeweb Markets (TW) 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 | TOST | TW |
|---|---|---|
| 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 Tradeweb Markets (TW) reports a yield of 0.42%, ranking against industry peers normally.
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%
TW
Financial Services industry group
0.42%
- Max
- 9.77%
- Q3
- 3.92%
- Median
- 1.09%
- TW
- 0.42%
- 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 Tradeweb Markets (TW) reports a payout of 12.68%, ranking against industry peers normally.
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%
TW
Financial Services industry group
12.68%
- Max
- 241.07%
- Q3
- 97.36%
- Median
- 25.77%
- TW
- 12.68%
- Q1
- 0.00%
- Min
- 0.00%
Dividend Metrics
| Metric | TOST | TW |
|---|---|---|
| Dividend Yield (TTM) | 0.00% | 0.42% |
| Dividend Payout Ratio (TTM) | 0.00% | 12.68% |
Valuation
P/E Ratio (TTM)
Both Toast (TOST) at 38.10 and Tradeweb Markets (TW) at 29.98 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.
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
TW
Financial Services industry group
29.98
- Max
- 45.85
- TW
- 29.98
- 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 Tradeweb Markets (TW) at 12.10 clears its benchmark range — TW looks notably rich on sales.
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
TW
Financial Services industry group
12.10
- TW
- 12.10
- Max
- 9.23
- Q3
- 4.57
- Median
- 2.72
- Q1
- 1.28
- Min
- -0.55
P/B Ratio (MRQ)
Both look rich against book: Tradeweb Markets (TW) at 4.03 sits in the upper P/B ratio quartile, and Toast (TOST) at 8.79 prices even higher, above its industry range.
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
TW
Financial Services industry group
4.03
- Max
- 7.79
- TW
- 4.03
- Q3
- 3.63
- Median
- 1.57
- Q1
- 0.81
- Min
- -0.39
Valuation Metrics
| Metric | TOST | TW |
|---|---|---|
| P/E Ratio (TTM) | 38.10 | 29.98 |
| P/S Ratio (TTM) | 2.82 | 12.10 |
| P/B Ratio (MRQ) | 8.79 | 4.03 |
| Free Cash Flow Yield (TTM) | -- | -- |