vs
Side-by-side financial comparison of Cintas (CTAS) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Cintas is the larger business by last-quarter revenue ($2.8B vs $1.6B, roughly 1.7× Toast, Inc.). Cintas runs the higher net margin — 17.7% vs 6.2%, a 11.5% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 9.3%). Cintas produced more free cash flow last quarter ($425.0M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 7.9%).
Cintas Corporation is an American corporation headquartered in Mason, Ohio, which provides a range of products and services to businesses including uniforms, mats, mops, cleaning and restroom supplies, first aid and safety products, fire extinguishers and testing, and safety courses. Cintas is a publicly held company traded on the Nasdaq Global Select Market under the symbol CTAS and is a component of the S&P 500 Index.
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.
CTAS vs TOST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $1.6B |
| Net Profit | $495.3M | $101.0M |
| Gross Margin | 50.4% | 25.9% |
| Operating Margin | 23.4% | 5.2% |
| Net Margin | 17.7% | 6.2% |
| Revenue YoY | 9.3% | 22.0% |
| Net Profit YoY | 10.4% | 215.6% |
| EPS (diluted) | $1.21 | $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 | $2.8B | $1.6B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.7B | $1.6B | ||
| Q1 25 | $2.6B | $1.3B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.5B | $1.3B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.4B | $1.1B |
| Q4 25 | $495.3M | $101.0M | ||
| Q3 25 | $491.1M | $105.0M | ||
| Q2 25 | $448.3M | $80.0M | ||
| Q1 25 | $463.5M | $56.0M | ||
| Q4 24 | $448.5M | $32.0M | ||
| Q3 24 | $452.0M | $56.0M | ||
| Q2 24 | $414.3M | $14.0M | ||
| Q1 24 | $397.6M | $-83.0M |
| Q4 25 | 50.4% | 25.9% | ||
| Q3 25 | 50.3% | 26.5% | ||
| Q2 25 | 49.7% | 25.3% | ||
| Q1 25 | 50.6% | 25.9% | ||
| Q4 24 | 49.8% | 24.9% | ||
| Q3 24 | 50.1% | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | 23.4% | 5.2% | ||
| Q3 25 | 22.7% | 5.1% | ||
| Q2 25 | 22.4% | 5.2% | ||
| Q1 25 | 23.4% | 3.2% | ||
| Q4 24 | 23.1% | 2.5% | ||
| Q3 24 | 22.4% | 2.6% | ||
| Q2 24 | 22.2% | 0.4% | ||
| Q1 24 | 21.6% | -5.2% |
| Q4 25 | 17.7% | 6.2% | ||
| Q3 25 | 18.1% | 6.4% | ||
| Q2 25 | 16.8% | 5.2% | ||
| Q1 25 | 17.8% | 4.2% | ||
| Q4 24 | 17.5% | 2.4% | ||
| Q3 24 | 18.1% | 4.3% | ||
| Q2 24 | 16.8% | 1.1% | ||
| Q1 24 | 16.5% | -7.7% |
| Q4 25 | $1.21 | $0.18 | ||
| Q3 25 | $1.20 | $0.16 | ||
| Q2 25 | $1.08 | $0.13 | ||
| Q1 25 | $1.13 | $0.09 | ||
| Q4 24 | $1.09 | $0.09 | ||
| Q3 24 | $1.10 | $0.07 | ||
| Q2 24 | $4.00 | $0.02 | ||
| Q1 24 | $3.84 | $-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 | $200.8M | $1.4B |
| Total DebtLower is stronger | $2.4B | — |
| Stockholders' EquityBook value | $4.5B | $2.1B |
| Total Assets | $10.1B | $3.1B |
| Debt / EquityLower = less leverage | 0.54× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $200.8M | $1.4B | ||
| Q3 25 | $138.1M | $1.4B | ||
| Q2 25 | $264.0M | $1.2B | ||
| Q1 25 | $243.4M | $1.0B | ||
| Q4 24 | $122.4M | $903.0M | ||
| Q3 24 | $101.4M | $761.0M | ||
| Q2 24 | $342.0M | $691.0M | ||
| Q1 24 | $128.5M | $578.0M |
| Q4 25 | $2.4B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $2.4B | — | ||
| Q1 25 | $2.0B | — | ||
| Q4 24 | $2.0B | — | ||
| Q3 24 | $2.0B | — | ||
| Q2 24 | $2.0B | — | ||
| Q1 24 | $2.5B | — |
| Q4 25 | $4.5B | $2.1B | ||
| Q3 25 | $4.8B | $2.0B | ||
| Q2 25 | $4.7B | $1.8B | ||
| Q1 25 | $4.6B | $1.7B | ||
| Q4 24 | $4.3B | $1.5B | ||
| Q3 24 | $4.0B | $1.4B | ||
| Q2 24 | $4.3B | $1.3B | ||
| Q1 24 | $4.2B | $1.2B |
| Q4 25 | $10.1B | $3.1B | ||
| Q3 25 | $9.8B | $3.0B | ||
| Q2 25 | $9.8B | $2.8B | ||
| Q1 25 | $9.6B | $2.6B | ||
| Q4 24 | $9.4B | $2.4B | ||
| Q3 24 | $9.1B | $2.2B | ||
| Q2 24 | $9.2B | $2.2B | ||
| Q1 24 | $9.0B | $2.1B |
| Q4 25 | 0.54× | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 0.44× | — | ||
| Q4 24 | 0.47× | — | ||
| Q3 24 | 0.50× | — | ||
| Q2 24 | 0.47× | — | ||
| Q1 24 | 0.58× | — |
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 | $531.2M | $194.0M |
| Free Cash FlowOCF − Capex | $425.0M | $178.0M |
| FCF MarginFCF / Revenue | 15.2% | 10.9% |
| Capex IntensityCapex / Revenue | 3.8% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.07× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $1.8B | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $531.2M | $194.0M | ||
| Q3 25 | $414.5M | $165.0M | ||
| Q2 25 | $635.7M | $223.0M | ||
| Q1 25 | $622.0M | $79.0M | ||
| Q4 24 | $441.4M | $147.0M | ||
| Q3 24 | $466.7M | $109.0M | ||
| Q2 24 | $693.0M | $124.0M | ||
| Q1 24 | $657.1M | $-20.0M |
| Q4 25 | $425.0M | $178.0M | ||
| Q3 25 | $312.5M | $153.0M | ||
| Q2 25 | $521.1M | $208.0M | ||
| Q1 25 | $522.1M | $69.0M | ||
| Q4 24 | $340.0M | $134.0M | ||
| Q3 24 | $373.8M | $97.0M | ||
| Q2 24 | $591.1M | $108.0M | ||
| Q1 24 | $550.1M | $-33.0M |
| Q4 25 | 15.2% | 10.9% | ||
| Q3 25 | 11.5% | 9.4% | ||
| Q2 25 | 19.5% | 13.4% | ||
| Q1 25 | 20.0% | 5.2% | ||
| Q4 24 | 13.3% | 10.0% | ||
| Q3 24 | 14.9% | 7.4% | ||
| Q2 24 | 23.9% | 8.7% | ||
| Q1 24 | 22.9% | -3.1% |
| Q4 25 | 3.8% | 1.0% | ||
| Q3 25 | 3.8% | 0.7% | ||
| Q2 25 | 4.3% | 1.0% | ||
| Q1 25 | 3.8% | 0.7% | ||
| Q4 24 | 4.0% | 1.0% | ||
| Q3 24 | 3.7% | 0.9% | ||
| Q2 24 | 4.1% | 1.3% | ||
| Q1 24 | 4.4% | 1.2% |
| Q4 25 | 1.07× | 1.92× | ||
| Q3 25 | 0.84× | 1.57× | ||
| Q2 25 | 1.42× | 2.79× | ||
| Q1 25 | 1.34× | 1.41× | ||
| Q4 24 | 0.98× | 4.59× | ||
| Q3 24 | 1.03× | 1.95× | ||
| Q2 24 | 1.67× | 8.86× | ||
| Q1 24 | 1.65× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CTAS
| Uniform Rental And Facility Services Segment | $2.2B | 77% |
| First Aid And Safety Services Segment | $342.2M | 12% |
| Fire Protection Services | $222.5M | 8% |
| Uniform Direct Sales | $79.8M | 3% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
