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Side-by-side financial comparison of Acadia Healthcare Company, Inc. (ACHC) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $821.5M, roughly 2.0× Acadia Healthcare Company, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs -143.3%, a 149.5% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 6.1%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $-179.5M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 3.4%).
Acadia Healthcare Company, Inc. is an American provider of for-profit behavioral healthcare services. It operates a network of over 225 facilities across the United States and Puerto Rico.
Toast, Inc. is an American cloud-based restaurant management software company based in Boston, Massachusetts. The company provides an all-in-one point of sale (POS) system built on the Android operating system.
ACHC vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $821.5M | $1.6B |
| Net Profit | $-1.2B | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | -142.4% | 5.2% |
| Net Margin | -143.3% | 6.2% |
| Revenue YoY | 6.1% | 22.0% |
| Net Profit YoY | -3710.4% | 215.6% |
| EPS (diluted) | $-12.98 | $0.18 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $821.5M | $1.6B | ||
| Q3 25 | $851.6M | $1.6B | ||
| Q2 25 | $869.2M | $1.6B | ||
| Q1 25 | $770.5M | $1.3B | ||
| Q4 24 | $774.2M | $1.3B | ||
| Q3 24 | $815.6M | $1.3B | ||
| Q2 24 | $796.0M | $1.2B | ||
| Q1 24 | $768.1M | $1.1B |
| Q4 25 | $-1.2B | $101.0M | ||
| Q3 25 | $36.2M | $105.0M | ||
| Q2 25 | $30.1M | $80.0M | ||
| Q1 25 | $8.4M | $56.0M | ||
| Q4 24 | $32.6M | $32.0M | ||
| Q3 24 | $68.1M | $56.0M | ||
| Q2 24 | $78.5M | $14.0M | ||
| Q1 24 | $76.4M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | — | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | — | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | -142.4% | 5.2% | ||
| Q3 25 | 4.7% | 5.1% | ||
| Q2 25 | 5.8% | 5.2% | ||
| Q1 25 | 1.7% | 3.2% | ||
| Q4 24 | 4.9% | 2.5% | ||
| Q3 24 | 12.1% | 2.6% | ||
| Q2 24 | 13.4% | 0.4% | ||
| Q1 24 | 12.9% | -5.2% |
| Q4 25 | -143.3% | 6.2% | ||
| Q3 25 | 4.3% | 6.4% | ||
| Q2 25 | 3.5% | 5.2% | ||
| Q1 25 | 1.1% | 4.2% | ||
| Q4 24 | 4.2% | 2.4% | ||
| Q3 24 | 8.4% | 4.3% | ||
| Q2 24 | 9.9% | 1.1% | ||
| Q1 24 | 9.9% | -7.7% |
| Q4 25 | $-12.98 | $0.18 | ||
| Q3 25 | $0.40 | $0.16 | ||
| Q2 25 | $0.33 | $0.13 | ||
| Q1 25 | $0.09 | $0.09 | ||
| Q4 24 | $0.36 | $0.09 | ||
| Q3 24 | $0.74 | $0.07 | ||
| Q2 24 | $0.85 | $0.02 | ||
| Q1 24 | $0.83 | $-0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $133.2M | $1.4B |
| Total DebtLower is stronger | $2.5B | — |
| Stockholders' EquityBook value | $1.9B | $2.1B |
| Total Assets | $5.5B | $3.1B |
| Debt / EquityLower = less leverage | 1.28× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $133.2M | $1.4B | ||
| Q3 25 | $118.7M | $1.4B | ||
| Q2 25 | $131.4M | $1.2B | ||
| Q1 25 | $91.2M | $1.0B | ||
| Q4 24 | $76.3M | $903.0M | ||
| Q3 24 | $82.1M | $761.0M | ||
| Q2 24 | $77.2M | $691.0M | ||
| Q1 24 | $77.3M | $578.0M |
| Q4 25 | $2.5B | — | ||
| Q3 25 | $2.3B | — | ||
| Q2 25 | $2.3B | — | ||
| Q1 25 | $2.2B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $1.9B | — | ||
| Q2 24 | $1.8B | — | ||
| Q1 24 | $1.9B | — |
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $3.1B | $2.0B | ||
| Q2 25 | $3.1B | $1.8B | ||
| Q1 25 | $3.0B | $1.7B | ||
| Q4 24 | $3.1B | $1.5B | ||
| Q3 24 | $3.0B | $1.4B | ||
| Q2 24 | $3.0B | $1.3B | ||
| Q1 24 | $2.9B | $1.2B |
| Q4 25 | $5.5B | $3.1B | ||
| Q3 25 | $6.4B | $3.0B | ||
| Q2 25 | $6.3B | $2.8B | ||
| Q1 25 | $6.1B | $2.6B | ||
| Q4 24 | $6.0B | $2.4B | ||
| Q3 24 | $5.9B | $2.2B | ||
| Q2 24 | $5.7B | $2.2B | ||
| Q1 24 | $5.5B | $2.1B |
| Q4 25 | 1.28× | — | ||
| Q3 25 | 0.74× | — | ||
| Q2 25 | 0.74× | — | ||
| Q1 25 | 0.72× | — | ||
| Q4 24 | 0.64× | — | ||
| Q3 24 | 0.62× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.65× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-86.3M | $194.0M |
| Free Cash FlowOCF − Capex | $-179.5M | $178.0M |
| FCF MarginFCF / Revenue | -21.8% | 10.9% |
| Capex IntensityCapex / Revenue | 11.3% | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $-439.9M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-86.3M | $194.0M | ||
| Q3 25 | $73.2M | $165.0M | ||
| Q2 25 | $133.5M | $223.0M | ||
| Q1 25 | $11.5M | $79.0M | ||
| Q4 24 | $116.7M | $147.0M | ||
| Q3 24 | $163.1M | $109.0M | ||
| Q2 24 | $171.1M | $124.0M | ||
| Q1 24 | $-321.3M | $-20.0M |
| Q4 25 | $-179.5M | $178.0M | ||
| Q3 25 | $-63.0M | $153.0M | ||
| Q2 25 | $-34.2M | $208.0M | ||
| Q1 25 | $-163.2M | $69.0M | ||
| Q4 24 | $-86.8M | $134.0M | ||
| Q3 24 | $-27.1M | $97.0M | ||
| Q2 24 | $16.9M | $108.0M | ||
| Q1 24 | $-463.7M | $-33.0M |
| Q4 25 | -21.8% | 10.9% | ||
| Q3 25 | -7.4% | 9.4% | ||
| Q2 25 | -3.9% | 13.4% | ||
| Q1 25 | -21.2% | 5.2% | ||
| Q4 24 | -11.2% | 10.0% | ||
| Q3 24 | -3.3% | 7.4% | ||
| Q2 24 | 2.1% | 8.7% | ||
| Q1 24 | -60.4% | -3.1% |
| Q4 25 | 11.3% | 1.0% | ||
| Q3 25 | 16.0% | 0.7% | ||
| Q2 25 | 19.3% | 1.0% | ||
| Q1 25 | 22.7% | 0.7% | ||
| Q4 24 | 26.3% | 1.0% | ||
| Q3 24 | 23.3% | 0.9% | ||
| Q2 24 | 19.4% | 1.3% | ||
| Q1 24 | 18.5% | 1.2% |
| Q4 25 | — | 1.92× | ||
| Q3 25 | 2.02× | 1.57× | ||
| Q2 25 | 4.43× | 2.79× | ||
| Q1 25 | 1.37× | 1.41× | ||
| Q4 24 | 3.58× | 4.59× | ||
| Q3 24 | 2.39× | 1.95× | ||
| Q2 24 | 2.18× | 8.86× | ||
| Q1 24 | -4.21× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ACHC
| Acute Inpatient Psychiatric Facilities | $451.2M | 55% |
| Comprehensive Treatment Centers | $144.2M | 18% |
| Medicare | $113.7M | 14% |
| Residential Treatment Centers | $89.7M | 11% |
| Self Payor | $16.1M | 2% |
| Other Payor | $10.7M | 1% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
