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Side-by-side financial comparison of ARKO Corp. (ARKO) and Toast, Inc. (TOST). Click either name above to swap in a different company.
ARKO Corp. is the larger business by last-quarter revenue ($1.8B vs $1.6B, roughly 1.1× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 0.1%, a 6.1% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -9.9%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $14.9M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs -7.0%).
ARKO Corp. is a leading U.S. operator of convenience stores and fuel retail locations, primarily serving consumers across multiple states. It offers a wide range of products including fresh food, beverages, daily essentials, and motor fuels, alongside wholesale fuel distribution services for commercial partners.
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.
ARKO vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.8B | $1.6B |
| Net Profit | $1.9M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 1.2% | 5.2% |
| Net Margin | 0.1% | 6.2% |
| Revenue YoY | -9.9% | 22.0% |
| Net Profit YoY | 180.9% | 215.6% |
| EPS (diluted) | $0.01 | $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 | $1.8B | $1.6B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $2.0B | $1.6B | ||
| Q1 25 | $1.8B | $1.3B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $2.4B | $1.2B | ||
| Q1 24 | $2.1B | $1.1B |
| Q4 25 | $1.9M | $101.0M | ||
| Q3 25 | $13.5M | $105.0M | ||
| Q2 25 | $20.1M | $80.0M | ||
| Q1 25 | $-12.7M | $56.0M | ||
| Q4 24 | $-2.3M | $32.0M | ||
| Q3 24 | $9.7M | $56.0M | ||
| Q2 24 | $14.1M | $14.0M | ||
| Q1 24 | $-594.0K | $-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 | 1.2% | 5.2% | ||
| Q3 25 | 1.8% | 5.1% | ||
| Q2 25 | 2.8% | 5.2% | ||
| Q1 25 | -0.6% | 3.2% | ||
| Q4 24 | 0.7% | 2.5% | ||
| Q3 24 | 1.8% | 2.6% | ||
| Q2 24 | 1.8% | 0.4% | ||
| Q1 24 | -0.2% | -5.2% |
| Q4 25 | 0.1% | 6.2% | ||
| Q3 25 | 0.7% | 6.4% | ||
| Q2 25 | 1.0% | 5.2% | ||
| Q1 25 | -0.7% | 4.2% | ||
| Q4 24 | -0.1% | 2.4% | ||
| Q3 24 | 0.4% | 4.3% | ||
| Q2 24 | 0.6% | 1.1% | ||
| Q1 24 | -0.0% | -7.7% |
| Q4 25 | $0.01 | $0.18 | ||
| Q3 25 | $0.10 | $0.16 | ||
| Q2 25 | $0.16 | $0.13 | ||
| Q1 25 | $-0.12 | $0.09 | ||
| Q4 24 | $-0.03 | $0.09 | ||
| Q3 24 | $0.07 | $0.07 | ||
| Q2 24 | $0.11 | $0.02 | ||
| Q1 24 | $-0.02 | $-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 | $311.5M | $1.4B |
| Total DebtLower is stronger | $912.1M | — |
| Stockholders' EquityBook value | $267.2M | $2.1B |
| Total Assets | $3.5B | $3.1B |
| Debt / EquityLower = less leverage | 3.41× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $311.5M | $1.4B | ||
| Q3 25 | $313.2M | $1.4B | ||
| Q2 25 | $299.7M | $1.2B | ||
| Q1 25 | $271.1M | $1.0B | ||
| Q4 24 | $267.1M | $903.0M | ||
| Q3 24 | $296.8M | $761.0M | ||
| Q2 24 | $236.5M | $691.0M | ||
| Q1 24 | $189.1M | $578.0M |
| Q4 25 | $912.1M | — | ||
| Q3 25 | $911.6M | — | ||
| Q2 25 | $916.4M | — | ||
| Q1 25 | $880.1M | — | ||
| Q4 24 | $881.0M | — | ||
| Q3 24 | $884.7M | — | ||
| Q2 24 | $889.9M | — | ||
| Q1 24 | $885.0M | — |
| Q4 25 | $267.2M | $2.1B | ||
| Q3 25 | $273.1M | $2.0B | ||
| Q2 25 | $264.8M | $1.8B | ||
| Q1 25 | $255.2M | $1.7B | ||
| Q4 24 | $276.9M | $1.5B | ||
| Q3 24 | $280.0M | $1.4B | ||
| Q2 24 | $273.1M | $1.3B | ||
| Q1 24 | $261.2M | $1.2B |
| Q4 25 | $3.5B | $3.1B | ||
| Q3 25 | $3.6B | $3.0B | ||
| Q2 25 | $3.6B | $2.8B | ||
| Q1 25 | $3.6B | $2.6B | ||
| Q4 24 | $3.6B | $2.4B | ||
| Q3 24 | $3.7B | $2.2B | ||
| Q2 24 | $3.7B | $2.2B | ||
| Q1 24 | $3.6B | $2.1B |
| Q4 25 | 3.41× | — | ||
| Q3 25 | 3.34× | — | ||
| Q2 25 | 3.46× | — | ||
| Q1 25 | 3.45× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 3.16× | — | ||
| Q2 24 | 3.26× | — | ||
| Q1 24 | 3.39× | — |
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 | $44.6M | $194.0M |
| Free Cash FlowOCF − Capex | $14.9M | $178.0M |
| FCF MarginFCF / Revenue | 0.8% | 10.9% |
| Capex IntensityCapex / Revenue | 1.7% | 1.0% |
| Cash ConversionOCF / Net Profit | 23.98× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $65.3M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $44.6M | $194.0M | ||
| Q3 25 | $49.4M | $165.0M | ||
| Q2 25 | $55.2M | $223.0M | ||
| Q1 25 | $43.4M | $79.0M | ||
| Q4 24 | $22.7M | $147.0M | ||
| Q3 24 | $109.2M | $109.0M | ||
| Q2 24 | $77.2M | $124.0M | ||
| Q1 24 | $12.8M | $-20.0M |
| Q4 25 | $14.9M | $178.0M | ||
| Q3 25 | $24.5M | $153.0M | ||
| Q2 25 | $9.8M | $208.0M | ||
| Q1 25 | $16.0M | $69.0M | ||
| Q4 24 | $-13.4M | $134.0M | ||
| Q3 24 | $79.9M | $97.0M | ||
| Q2 24 | $57.9M | $108.0M | ||
| Q1 24 | $-16.5M | $-33.0M |
| Q4 25 | 0.8% | 10.9% | ||
| Q3 25 | 1.2% | 9.4% | ||
| Q2 25 | 0.5% | 13.4% | ||
| Q1 25 | 0.9% | 5.2% | ||
| Q4 24 | -0.7% | 10.0% | ||
| Q3 24 | 3.5% | 7.4% | ||
| Q2 24 | 2.4% | 8.7% | ||
| Q1 24 | -0.8% | -3.1% |
| Q4 25 | 1.7% | 1.0% | ||
| Q3 25 | 1.2% | 0.7% | ||
| Q2 25 | 2.3% | 1.0% | ||
| Q1 25 | 1.5% | 0.7% | ||
| Q4 24 | 1.8% | 1.0% | ||
| Q3 24 | 1.3% | 0.9% | ||
| Q2 24 | 0.8% | 1.3% | ||
| Q1 24 | 1.4% | 1.2% |
| Q4 25 | 23.98× | 1.92× | ||
| Q3 25 | 3.67× | 1.57× | ||
| Q2 25 | 2.75× | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | — | 4.59× | ||
| Q3 24 | 11.28× | 1.95× | ||
| Q2 24 | 5.49× | 8.86× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ARKO
| Fuel Products | $1.4B | 79% |
| Merchandise Products | $338.1M | 19% |
| Other Product | $33.6M | 2% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
