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Toast Inc.
TOST
36.01 (4.77%) 1.72
20.99(B)
Financials
Financial Services
Toast Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States Ireland India and internationally. The company offers software products for restaurant operations and point of sale such as Toast POS team and vendor management multi-location management kitchen display system mobile order and pay and catering and events. It offers payroll and team management; supply chain and accounting products; xtraCHEF by toast a set of back-office tools for restaurants including accounts payable automation inventory management ingredient price tracking and recipe costing; and financial technology solutions. The company was formerly known as Opti Systems Inc. and changed its name to Toast Inc. in May 2012. Toast Inc. was incorporated in 2011 and is headquartered in Boston Massachusetts.

My Quality Checklist

5Y Shares Out Change < 0%
ROIC > 10%
Debt/Equity < 1
Current Ratio > 1
Quick Ratio > 1
Net Margin > 10%
Past Net Income CAGR > 0%
Est. EPS Growth > 5%
0.0%of Portfolio

My holdings

Day change:
Total change:
Shares:
Cost basis:
Compare
Market cap:$20.99(B)
EV:$20.31(B)
Total Equity:$1.82(B)
Div. yield:0.00%
Earnings date:Nov-04-2025
P/E:92.33
P/E (fwd):38.31
P/FCF:41.39
P/S:3.72
P/B:11.50
EPS:$0.4
EPS (fwd):$0.9
FCF/share:$0.9
Book value/share:$3.1
Dividend/share:$0.0
ROIC:14.2%
ROA:9.1%
ROE:14.4%
Gross margin:25.3%
Net margin:4.0%
Valuation Summary TTM Financials Growth Estimates Historical Data KPIs Competitors & Peers Ownership Tools

TOST Valuation & Price Targets

Current Price
$36.0
Day change: +4.77%
PEvaluation
N/A
N/A
Analyst targets
N/A
N/A
DCF (2-stage)
N/A
N/A
DCF (simple)
N/A
N/A
DCF (exit mult.)
N/A
N/A
EPS growth
N/A
N/A
Revenue growth
N/A
N/A
Peter Lynch FV
N/A
N/A
Graham No.
N/A
N/A
DDM
N/A
N/A

PEvaluation

70% overvalued
Low
$8.2
Mid
$10.9
High
$13.6
Current price
$36.0
Fair P/E
Margin of safety
EPS
Market Model
Shares outstan...ROICRevenue growthDebt/FCFAssets/Liabili...
Economic moat: None/narrow

EPS Estimates

LowAvgHigh#
FY+10.70.91.115
FY+20.91.21.515
FY+31.11.52.010
FY+42.02.02.01

Analyst Price Targets

33% undervalued
Low
$36.0
Mid
$48.0
High
$60.0
Current price
$36.0

Analyst Recommendations

Strong Buy1
Buy15
Hold12
Sell0
Strong Sell1

2-stage DCF

First Stage Duration
Starting Free Cash Flow
First Stage Growth Rate
LowMidHigh
Terminal Growth Rate
LowMidHigh
Discount Rate

Discounted Cash Flow

Forecast years
Terminal Growth Rate
LowMidHigh
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

Discounted Cash Flow (exit mult.)

Forecast years
Exit FCF Multiple
LowMidHigh
Discount Rate
Free cash flow estimates:
Y+1 est.
Y+2 est.
0.00%
Y+3 est.
0.00%
Y+4 est.
0.00%
Y+5 est.
0.00%

EPS Growth

Forecast years
Starting EPS
EPS Growth Rate
LowMidHigh
Final P/E
LowMidHigh
Discount Rate

Revenue Growth Valuation

Forecast Years
Base Revenue
Revenue Growth Rate
LowMidHigh
Final Net Margin
LowMidHigh
Final P/E Ratio
LowMidHigh
Discount Rate

Peter Lynch Fair Value

Earnings Per Share
Growth Rate

Graham Formula

Earnings Per Share
EPS Growth (7-10 years)
Government Bond Rate

Dividend Discount Model

Annual Dividend
First Stage Length (Years)
First Stage Growth Rate
Final Growth Rate
Discount Rate

TTM Financials

Income (TTM)

RevenueGrossNet
Revenue$5.53(B)
Gross profit$1.40(B)
EBITDA$258.00(M)
Net income$224.00(M)
Gross margin25.3%
Operating margin3.6%
Net margin4.0%
Shares outstanding:583.00(M)

Balance sheet

Cash & ST inv.Other ST assetsLong term assetsCurrent liabilitiesLong term debtOther LT liabilitiesEquity
Total assets$2.77(B)
Current assets$2.32(B)
Total liabilities$949.00(M)
Current liabilities$894.00(M)
Cash & Short-term inv.$1.70(B)
Long-term debt$0
Total intangibles$130.00(M)
PP&E$118.00(M)

Cash flow (TTM)

CFOCFICFF
FCF$508.00(M)
CapEx$-50.00(M)
Dividends paid$0
Stock issued$84.00(M)
Stock repurchased$-51.00(M)
Stock-based comp.$240.00(M)
Debt issued$0
Debt repaid$0

Per share data (TTM)

Price: $36.0
Revenue: $9.67 (3.7x | 26.9%) Gross profit: $2.39 (15.0x | 6.6%) Earnings: $0.39 (92.3x | 1.1%)
FCF: $0.87 (41.4x | 2.4%) Stock-based Comp.: $0.41 (87.5x | 1.1%) CapEx.: $0.09 (419.9x | 0.2%) Dividend: $0.00 (N/A | 0.0%)
Total Assets: $4.75 (7.6x | 13.2%) Total Liabilities: $1.63 (22.1x | 4.5%) Book Value: $3.13 (11.5x | 8.7%) Cash & ST inv.: $2.92 (12.3x | 8.1%) Debt: $0.00 (N/A | 0.0%)
Earnings FY+1: $0.94 (38.3x | 2.6%) Earnings FY+2: $1.20 (30.0x | 3.3%) Earnings FY+3: $1.49 (24.2x | 4.1%) Earnings FY+4: $2.05 (17.6x | 5.7%)
FCF FY+1: $0.95 (37.9x | 2.6%) FCF FY+2: $1.26 (28.7x | 3.5%) FCF FY+3: $1.56 (23.0x | 4.3%) FCF FY+4: $1.84 (19.6x | 5.1%) FCF FY+5: $2.08 (17.4x | 5.8%)

Growth Estimates

Revenue

CAGR: 16.4%
FY+1FY+2FY+3FY+4FY+5
FY+1$6.07(B)
FY+2(+20.1%)$7.29(B)
FY+3(+17.1%)$8.54(B)
FY+4(+12.0%)$9.57(B)
FY+5(+16.4%)$11.14(B)

Net Income

CAGR: 30.2%
FY+1FY+2FY+3FY+4
FY+1$573.88(M)
FY+2(+32.1%)$757.93(M)
FY+3(+30.3%)$987.63(M)
FY+4(+28.4%)$1.27(B)

EPS

CAGR: 29.7%
FY+1FY+2FY+3FY+4
FY+1$0.94
FY+2(+27.7%)$1.20
FY+3(+24.2%)$1.49
FY+4(+37.6%)$2.05

FCF per share

CAGR: 21.6%
FY+1FY+2FY+3FY+4FY+5
FY+1$0.95
FY+2(+32.2%)$1.26
FY+3(+24.5%)$1.56
FY+4(+17.4%)$1.84
FY+5(+13.0%)$2.08

Historical Financials

Showing limited histrical data.
TTM (Y)TTM (Q)FYFQ
Income(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.01.0(B)2.0(B)3.0(B)4.0(B)5.0(B)
Revenue Operating Income Net IncomeCOGSGross ProfitTotal OpEx.R&DSG&AInterest ExpenseInterest IncomePre-tax incomeIncome tax
Cash flow(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)-100.0(M)0.0100.0(M)200.0(M)300.0(M)400.0(M)500.0(M)
Stock-based Comp. FCFCFONet IncomeD&ACFFStock IssuedStock RepurchasedDebt IssuedDebt RepaidDividend PaidCFIAcquisitionsDivestituresCapital Expenditures
Balance sheet(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.0500.0(M)1.0(B)1.5(B)2.0(B)2.5(B)
Total Assets Total LiabilitiesCurrent assetsCash and EquivalentsShort-term investmentsInventoriesReceivablesNon-current assetsNet PP&EIntangible AssetsGoodwillCurrent liabilitiesShort-Term DebtAccounts payableNon-current liabilitiesLong-Term DebtTotal Equity
Per share data(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)-1.0-0.50.00.5
EPS (Basic) FCF/Share Dividend/ShareEPS (Diluted)Book value/ShareCash & ST inv./ShareDebt/Share
Ratios(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.020.040.060.080.0100.0
P/E P/S EV/EarningsP/FCFP/BEV/FCFDebt/EquityPayout ratio
Margins(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0%5%10%15%20%25%
Net Income Margin Operating Margin Gross MarginEBITDA MarginFCF Margin
Returns(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0%20%40%60%80%100%
ROIC ROAROCEROE
Shares outstanding(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.0100.0(M)200.0(M)300.0(M)400.0(M)500.0(M)
Shares (Basic)Shares (Diluted)
Market Cap.(show more...)
Q2'21 (TTM)Q2'22 (TTM)Q2'23 (TTM)Q2'24 (TTM)Q2'25 (TTM)0.05.0(B)10.0(B)15.0(B)20.0(B)25.0(B)
Market Cap.

KPIs

Revenue By Segment(show more...)
12/20223/20236/20239/202312/20233/20246/20249/202412/20243/2025
Hardware Financial Technology Solutions Subscription Services Professional Services

Competitors & Peers

Ownership

Major holders

*Excludes indirect insider ownership

Insiders: 8.66%
Institutions: 88.86%
Other: 2.48%

Institutional ownership

8.84% Capital International ...8.71% Vanguard Group Inc5.23% FMR, LLC5.05% Blackrock Inc.2.79% T. Rowe Price Investme...2.37% Price (T.Rowe) Associa...2.04% JPMORGAN CHASE & CO2.01% Durable Capital Partne...1.89% Morgan Stanley1.81% State Street Corporati...48.12% Others

Trading Summary

In the past year, insiders have bought $0.00 worth of the company's stock, and sold $680.50(M).

Congress members have bought between $0.00 - $0.00 worth of the company's stock, and sold between $0.00 - $0.00.

Insider transactions

$0.002025-11$0.00
$1.49(M)2025-10$0.00
$0.002025-09$0.00
$9130332025-08$0.00
$2.89(M)2025-07$0.00
$22.27(M)2025-06$0.00
$272.70(M)2025-05$0.00
$4.61(M)2025-04$0.00
$17.60(M)2025-03$0.00
$2317122025-02$0.00
$1.94(M)2025-01$0.00
$32.99(M)2024-12$0.00
$322.86(M)2024-11$0.00
DateSharesTotal ($)Price ($)NameTitle
Sell2025-10-027,550268,50835.6FREDETTE STEPHENPresident
Sell2025-10-026,530232,23335.6VASSIL JONATHANOfficer
Sell2025-10-0213,652485,52035.6NARANG AMANChief Executive Officer
Sell2025-10-029,054321,99635.6GOMEZ ELENA CASTANEDAPresident
Sell2025-10-024,987177,35835.6ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2025-08-2112,500529,75042.4BELL PAUL DDirector
Sell2025-08-041,72083,20748.4FREDETTE STEPHENPresident
Sell2025-08-041,42769,03348.4VASSIL JONATHANOfficer
Sell2025-08-041,71983,15848.4NARANG AMANChief Executive Officer
Sell2025-08-042,00697,04248.4GOMEZ ELENA CASTANEDAPresident
Sell2025-08-041,05150,84348.4ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2025-07-027,647325,70142.6FREDETTE STEPHENPresident
Sell2025-07-026,592280,76642.6VASSIL JONATHANOfficer
Sell2025-07-0213,829589,00542.6NARANG AMANChief Executive Officer
Sell2025-07-0234,1701,454,42442.6GOMEZ ELENA CASTANEDAPresident
Sell2025-07-025,681241,96542.6ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2025-06-1073,8453,226,07743.7BENNETT RICHARD KENTDirector
Sell2025-06-067,500330,00044.0CHAPMAN-HUGHES SUSANDirector
Grant2025-06-069,712427,42544.0PATRICK DEVAL LDirector
Grant2025-06-069,712427,42544.0CHAPMAN-HUGHES SUSANDirector
Grant2025-06-069,712427,42544.0COMPARATO CHRISTOPHER PAULDirector
Sell2025-06-02100,0004,260,30542.6VASSIL JONATHANOfficer
Sell2025-06-02339,36814,456,05042.6ELWORTHY BRIAN ROBERTGeneral Counsel
Grant2025-06-02300,000611,2502.0ELWORTHY BRIAN ROBERTGeneral Counsel
Grant2025-06-02100,000207,1412.1VASSIL JONATHANOfficer
Sell2025-05-205,130,529227,385,04544.3BENNETT RICHARD KENTDirector
Sell2025-05-1511,000496,46345.1BELL PAUL DDirector
Sell2025-05-1470,0003,132,09344.7COMPARATO CHRISTOPHER PAULDirector
Grant2025-05-1470,000106,4001.5COMPARATO CHRISTOPHER PAULDirector
Grant2025-05-1365,31400.0FREDETTE STEPHENPresident
Grant2025-05-12107,73800.0FREDETTE STEPHENPresident
Sell2025-05-12896,49437,298,09441.6FREDETTE STEPHENPresident
Sell2025-05-09100,0004,113,82541.1VASSIL JONATHANOfficer
Grant2025-05-09100,000207,0002.1VASSIL JONATHANOfficer
Sell2025-05-021,66660,12636.1FREDETTE STEPHENPresident
Sell2025-05-021,39350,27336.1VASSIL JONATHANOfficer
Sell2025-05-021,68060,63136.1NARANG AMANChief Executive Officer
Sell2025-05-021,96070,73636.1GOMEZ ELENA CASTANEDAPresident
Sell2025-05-021,02737,06436.1ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2025-04-1770,0002,394,65034.2COMPARATO CHRISTOPHER PAULDirector
Grant2025-04-1770,000106,4001.5COMPARATO CHRISTOPHER PAULDirector
Sell2025-04-023,793132,74735.0FREDETTE STEPHENPresident
Sell2025-04-024,443155,49635.0VASSIL JONATHANOfficer
Sell2025-04-029,395328,80635.0NARANG AMANChief Executive Officer
Sell2025-04-0242,3711,495,10035.3GOMEZ ELENA CASTANEDAPresident
Sell2025-04-022,895101,31935.0ELWORTHY BRIAN ROBERTGeneral Counsel
Grant2025-03-2045,58500.0FREDETTE STEPHENPresident
Sell2025-03-2070,0002,499,49035.7COMPARATO CHRISTOPHER PAULDirector
Grant2025-03-2070,000106,4001.5COMPARATO CHRISTOPHER PAULDirector
Sell2025-03-19109,7133,855,89835.1FREDETTE STEPHENPresident
Grant2025-03-1740,00000.0COMPARATO CHRISTOPHER PAULDirector
Sell2025-03-17118,0604,135,65535.0FREDETTE STEPHENPresident
Sell2025-03-1334,2221,129,53133.0PATRICK DEVAL LDirector
Sell2025-03-1280028,00035.0FREDETTE STEPHENPresident
Grant2025-03-0735,17000.0FREDETTE STEPHENPresident
Sell2025-03-07175,8515,955,73333.9FREDETTE STEPHENPresident
Grant2025-03-0410000.0VASSIL JONATHANOfficer
Sell2025-02-041,06842,32439.6FREDETTE STEPHENPresident
Sell2025-02-041,00639,86739.6VASSIL JONATHANOfficer
Sell2025-02-041,06842,32439.6NARANG AMANChief Executive Officer
Sell2025-02-042,05281,31939.6GOMEZ ELENA CASTANEDAChief Financial Officer
Sell2025-02-0465325,87839.6ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2025-01-033,968147,24137.1FREDETTE STEPHENPresident
Sell2025-01-033,009111,65537.1VASSIL JONATHANOfficer
Sell2025-01-036,133227,57737.1NARANG AMANChief Executive Officer
Sell2025-01-0314,143524,80437.1GOMEZ ELENA CASTANEDAChief Financial Officer
Sell2025-01-032,741101,71037.1ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2025-01-0222,916830,68236.2GOMEZ ELENA CASTANEDAChief Financial Officer
Grant2024-12-3131,46650,2661.6ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2024-12-19145,0005,225,88336.0COMPARATO CHRISTOPHER PAULDirector
Grant2024-12-19145,000220,4001.5COMPARATO CHRISTOPHER PAULDirector
Sell2024-12-13720,00027,763,20338.6NARANG AMANChief Executive Officer
Sell2024-11-26635,00027,574,46943.4YUAN DAVID LDirector
Sell2024-11-21135,0005,753,82042.6COMPARATO CHRISTOPHER PAULDirector
Grant2024-11-21135,000205,2001.5COMPARATO CHRISTOPHER PAULDirector
Sell2024-11-2022,885960,25542.0BENNETT RICHARD KENTDirector
Sell2024-11-2015,285643,71242.1CHAPMAN-HUGHES SUSANDirector
Sell2024-11-191,698,38169,802,90041.1BENNETT RICHARD KENTDirector
Sell2024-11-135,491,741214,234,28939.0BENNETT RICHARD KENTDirector
Grant2024-11-12110,60400.0FREDETTE STEPHENPresident
Grant2024-11-12710,89100.0NARANG AMANChief Executive Officer
Sell2024-11-08100,0003,655,15836.6VASSIL JONATHANOfficer
Grant2024-11-08100,000133,8231.3VASSIL JONATHANOfficer
Sell2024-11-041,64651,15431.1NARANG AMANChief Executive Officer
Sell2024-11-041,36742,48431.1VASSIL JONATHANOfficer
Sell2024-11-041,91759,57731.1GOMEZ ELENA CASTANEDAChief Financial Officer
Sell2024-11-041,00631,26431.1ELWORTHY BRIAN ROBERTGeneral Counsel
Sell2024-11-041,64651,15431.1FREDETTE STEPHENPresident

Congressional trading

Congressional trading data not available.

Summary

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Future Dividend Income

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What is the Future Dividend Income Calculator?

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