Overview Dividends

(TOST) Toast - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US8887871080

POS, Payroll, Inventory, Payments, Analytics

Transaction & Payment Processing Services
Market Cap in USD: 20,745m

IPO / Inception: 2021-09-22
Return 12m vs S&P 500: -14.2%

EPS (Earnings per Share)

EPS CAGR: 70.93%
EPS Trend: 94.3%

Last SUE: 0.81
Qual. Beats: 0

Revenue

Rev. CAGR: 36.04%
Rev. Trend: 97.9%

Last SUE: 3.16
Qual. Beats: 2

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	49.9%
Value at Risk 5%th	79.2%
Relative Tail Risk	-3.58%

Reward TTM
Sharpe Ratio	0.22
Alpha	-23.15
CAGR/Max DD	0.62

Character TTM
Hurst Exponent	0.439
Beta	1.507
Beta Downside	1.600

Drawdowns 3y
Max DD	48.39%
Mean DD	17.01%
Median DD	15.84%

Description: TOST Toast December 19, 2025

Toast, Inc. (NYSE: TOST) runs a cloud-based platform that equips U.S., Irish, Indian, and other international restaurants with an integrated suite of point-of-sale, back-office, and fintech tools-including Toast POS, kitchen display, mobile ordering, payroll, inventory automation (xtraCHEF), and multi-location management. The company, originally incorporated as Opti Systems in 2011 and rebranded in 2012, is headquartered in Boston, Massachusetts, and is classified under the “Transaction & Payment Processing Services” sub-industry.

Key operating metrics that signal growth potential include FY 2023 revenue of $1.6 billion (≈ 30 % YoY increase), subscription-based ARR surpassing $250 million, and a gross margin expansion to 70 % driven by higher-margin software subscriptions versus hardware. The restaurant sector’s labor shortage and accelerating consumer demand for contactless ordering are macro-drivers that boost adoption of Toast’s SaaS and fintech solutions, while competitive pressure from Square, Lightspeed, and NCR remains a material risk.

For a deeper, data-driven assessment of Toast’s valuation relative to peers, you may find ValueRay’s analytical dashboards useful.

Piotroski VR‑10 (Strict, 0-10) 6.0

Net Income (273.0m TTM) > 0 and > 6% of Revenue (6% = 351.5m TTM)

FCFTA 0.19 (>2.0%) and ΔFCFTA 7.62pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 25.52% (prev 21.12%; Δ 4.40pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.21 (>3.0%) and CFO 614.0m > Net Income 273.0m (YES >=105%, WARN >=100%)

Net Debt (-1.34b) to EBITDA (326.0m) ratio: -4.11 <= 3.0 (WARN <= 3.5)

Current Ratio 2.64 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (609.0m) change vs 12m ago 3.22% (target <= -2.0% for YES)

Gross Margin 25.66% (prev 23.25%; Δ 2.41pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 225.4% (prev 209.2%; Δ 16.23pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -26.70 (EBITDA TTM 326.0m / Interest Expense TTM -10.0m) >= 6 (WARN >= 3)

Altman Z'' 1.03

(A) 0.50 = (Total Current Assets 2.41b - Total Current Liabilities 911.0m) / Total Assets 2.97b

(B) -0.46 = Retained Earnings (Balance) -1.36b / Total Assets 2.97b

(D) -1.40 = Book Value of Equity -1.34b / Total Liabilities 957.0m

Total Rating: 1.03 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 77.91

1. Piotroski 6.0pt

2. FCF Yield 2.98%

3. FCF Margin 9.63%

4. Debt/Equity 0.01

5. Debt/Ebitda -4.11

6. ROIC - WACC (= 3.73)%

7. RoE 15.49%

8. Rev. Trend 97.89%

9. EPS Trend 94.28%

What is the price of TOST shares?

As of December 23, 2025, the stock is trading at USD 37.28 with a total of 7,136,739 shares traded.
Over the past week, the price has changed by +7.16%, over one month by +11.35%, over three months by -4.21% and over the past year by -0.03%.

Is TOST a buy, sell or hold?

Toast has received a consensus analysts rating of 3.81. Therefore, it is recommended to buy TOST.

Strong Buy: 12
Buy: 3
Hold: 16
Sell: 1
Strong Sell: 0

What are the forecasts/targets for the TOST price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	47.4	27.2%
Analysts Target Price	47.4	27.2%
ValueRay Target Price	39.4	5.8%

TOST Fundamental Data Overview December 16, 2025

Market Cap USD = 20.74b (20.74b USD * 1.0 USD.USD)
P/E Trailing = 80.1818
P/E Forward = 28.49
P/S = 3.5412
P/B = 10.3002
P/EG = 0.2333
Beta = 1.944
Revenue TTM = 5.86b USD
EBIT TTM = 267.0m USD
EBITDA TTM = 326.0m USD
Long Term Debt = 18.0m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 10.0m USD (from shortTermDebt, last fiscal year)
Debt = 18.0m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -1.34b USD (from netDebt column, last quarter)
Enterprise Value = 18.91b USD (20.74b + Debt 18.0m - CCE 1.86b)
Interest Coverage Ratio = -26.70 (Ebit TTM 267.0m / Interest Expense TTM -10.0m)
FCF Yield = 2.98% (FCF TTM 564.0m / Enterprise Value 18.91b)
FCF Margin = 9.63% (FCF TTM 564.0m / Revenue TTM 5.86b)
Net Margin = 4.66% (Net Income TTM 273.0m / Revenue TTM 5.86b)
Gross Margin = 25.66% ((Revenue TTM 5.86b - Cost of Revenue TTM 4.36b) / Revenue TTM)
Gross Margin QoQ = 26.45% (prev 25.29%)
Tobins Q-Ratio = 6.36 (Enterprise Value 18.91b / Total Assets 2.97b)
Interest Expense / Debt = 161.1% (Interest Expense 29.0m / Debt 18.0m)
Taxrate = -0.96% (negative due to tax credits) (-1.00m / 104.0m)
NOPAT = 269.6m (EBIT 267.0m * (1 - -0.96%)) [negative tax rate / tax credits]
Current Ratio = 2.64 (Total Current Assets 2.41b / Total Current Liabilities 911.0m)
Debt / Equity = 0.01 (Debt 18.0m / totalStockholderEquity, last quarter 2.01b)
Debt / EBITDA = -4.11 (Net Debt -1.34b / EBITDA 326.0m)
Debt / FCF = -2.37 (Net Debt -1.34b / FCF TTM 564.0m)
Total Stockholder Equity = 1.76b (last 4 quarters mean from totalStockholderEquity)
RoA = 9.19% (Net Income 273.0m / Total Assets 2.97b)
RoE = 15.49% (Net Income TTM 273.0m / Total Stockholder Equity 1.76b)
RoCE = 15.00% (EBIT 267.0m / Capital Employed (Equity 1.76b + L.T.Debt 18.0m))
RoIC = 15.29% (NOPAT 269.6m / Invested Capital 1.76b)
WACC = 11.56% (E(20.74b)/V(20.76b) * Re(11.57%) + (debt cost/tax rate unavailable))
Discount Rate = 11.57% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 6.10%
[DCF Debug] Terminal Value 70.84% ; FCFE base≈439.6m ; Y1≈542.3m ; Y5≈925.3m
Fair Price DCF = 17.63 (DCF Value 9.08b / Shares Outstanding 515.0m; 5y FCF grow 25.0% → 3.0% )
EPS Correlation: 94.28 | EPS CAGR: 70.93% | SUE: 0.81 | # QB: 0
Revenue Correlation: 97.89 | Revenue CAGR: 36.04% | SUE: 3.16 | # QB: 2
EPS next Quarter (2026-03-31): EPS=0.26 | Chg30d=-0.004 | Revisions Net=-2 | Analysts=12
EPS next Year (2026-12-31): EPS=1.25 | Chg30d=+0.029 | Revisions Net=+9 | Growth EPS=+23.8% | Growth Revenue=+20.3%

Additional Sources for TOST Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
Tweets: X | Stocktwits
Fund Manager Positions: Dataroma | Stockcircle