vs
Side-by-side financial comparison of EnerSys (ENS) 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 $919.1M, roughly 1.8× EnerSys). EnerSys runs the higher net margin — 9.8% vs 6.2%, a 3.6% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 1.4%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $171.3M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 0.5%).
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
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.
ENS vs TOST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $1.6B |
| Net Profit | $90.4M | $101.0M |
| Gross Margin | 30.1% | 25.9% |
| Operating Margin | 13.5% | 5.2% |
| Net Margin | 9.8% | 6.2% |
| Revenue YoY | 1.4% | 22.0% |
| Net Profit YoY | -21.3% | 215.6% |
| EPS (diluted) | $2.40 | $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 | $919.1M | $1.6B | ||
| Q3 25 | $951.3M | $1.6B | ||
| Q2 25 | $893.0M | $1.6B | ||
| Q1 25 | $974.8M | $1.3B | ||
| Q4 24 | $906.2M | $1.3B | ||
| Q3 24 | $883.7M | $1.3B | ||
| Q2 24 | $852.9M | $1.2B | ||
| Q1 24 | $910.7M | $1.1B |
| Q4 25 | $90.4M | $101.0M | ||
| Q3 25 | $68.4M | $105.0M | ||
| Q2 25 | $57.5M | $80.0M | ||
| Q1 25 | $96.5M | $56.0M | ||
| Q4 24 | $114.8M | $32.0M | ||
| Q3 24 | $82.3M | $56.0M | ||
| Q2 24 | $70.1M | $14.0M | ||
| Q1 24 | $60.9M | $-83.0M |
| Q4 25 | 30.1% | 25.9% | ||
| Q3 25 | 29.1% | 26.5% | ||
| Q2 25 | 28.4% | 25.3% | ||
| Q1 25 | 31.2% | 25.9% | ||
| Q4 24 | 32.9% | 24.9% | ||
| Q3 24 | 28.5% | 24.7% | ||
| Q2 24 | 27.9% | 23.0% | ||
| Q1 24 | 27.9% | 23.2% |
| Q4 25 | 13.5% | 5.2% | ||
| Q3 25 | 9.7% | 5.1% | ||
| Q2 25 | 9.7% | 5.2% | ||
| Q1 25 | 13.5% | 3.2% | ||
| Q4 24 | 15.7% | 2.5% | ||
| Q3 24 | 11.2% | 2.6% | ||
| Q2 24 | 10.7% | 0.4% | ||
| Q1 24 | 8.9% | -5.2% |
| Q4 25 | 9.8% | 6.2% | ||
| Q3 25 | 7.2% | 6.4% | ||
| Q2 25 | 6.4% | 5.2% | ||
| Q1 25 | 9.9% | 4.2% | ||
| Q4 24 | 12.7% | 2.4% | ||
| Q3 24 | 9.3% | 4.3% | ||
| Q2 24 | 8.2% | 1.1% | ||
| Q1 24 | 6.7% | -7.7% |
| Q4 25 | $2.40 | $0.18 | ||
| Q3 25 | $1.80 | $0.16 | ||
| Q2 25 | $1.46 | $0.13 | ||
| Q1 25 | $2.39 | $0.09 | ||
| Q4 24 | $2.88 | $0.09 | ||
| Q3 24 | $2.01 | $0.07 | ||
| Q2 24 | $1.71 | $0.02 | ||
| Q1 24 | $1.48 | $-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 | $450.1M | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.9B | $2.1B |
| Total Assets | $4.0B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | $1.4B | ||
| Q3 25 | $388.6M | $1.4B | ||
| Q2 25 | $346.7M | $1.2B | ||
| Q1 25 | $343.1M | $1.0B | ||
| Q4 24 | $463.2M | $903.0M | ||
| Q3 24 | $407.9M | $761.0M | ||
| Q2 24 | $344.1M | $691.0M | ||
| Q1 24 | $333.3M | $578.0M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | $802.0M | — |
| Q4 25 | $1.9B | $2.1B | ||
| Q3 25 | $1.9B | $2.0B | ||
| Q2 25 | $1.9B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.8B | $1.3B | ||
| Q1 24 | $1.8B | $1.2B |
| Q4 25 | $4.0B | $3.1B | ||
| Q3 25 | $4.1B | $3.0B | ||
| Q2 25 | $4.1B | $2.8B | ||
| Q1 25 | $4.0B | $2.6B | ||
| Q4 24 | $4.0B | $2.4B | ||
| Q3 24 | $4.0B | $2.2B | ||
| Q2 24 | $3.6B | $2.2B | ||
| Q1 24 | $3.5B | $2.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | 0.46× | — |
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 | $184.6M | $194.0M |
| Free Cash FlowOCF − Capex | $171.3M | $178.0M |
| FCF MarginFCF / Revenue | 18.6% | 10.9% |
| Capex IntensityCapex / Revenue | 1.4% | 1.0% |
| Cash ConversionOCF / Net Profit | 2.04× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | $194.0M | ||
| Q3 25 | $218.0M | $165.0M | ||
| Q2 25 | $968.0K | $223.0M | ||
| Q1 25 | $135.2M | $79.0M | ||
| Q4 24 | $81.1M | $147.0M | ||
| Q3 24 | $33.6M | $109.0M | ||
| Q2 24 | $10.4M | $124.0M | ||
| Q1 24 | — | $-20.0M |
| Q4 25 | $171.3M | $178.0M | ||
| Q3 25 | $197.1M | $153.0M | ||
| Q2 25 | $-32.1M | $208.0M | ||
| Q1 25 | $104.9M | $69.0M | ||
| Q4 24 | $56.8M | $134.0M | ||
| Q3 24 | $3.3M | $97.0M | ||
| Q2 24 | $-25.7M | $108.0M | ||
| Q1 24 | — | $-33.0M |
| Q4 25 | 18.6% | 10.9% | ||
| Q3 25 | 20.7% | 9.4% | ||
| Q2 25 | -3.6% | 13.4% | ||
| Q1 25 | 10.8% | 5.2% | ||
| Q4 24 | 6.3% | 10.0% | ||
| Q3 24 | 0.4% | 7.4% | ||
| Q2 24 | -3.0% | 8.7% | ||
| Q1 24 | — | -3.1% |
| Q4 25 | 1.4% | 1.0% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 3.7% | 1.0% | ||
| Q1 25 | 3.1% | 0.7% | ||
| Q4 24 | 2.7% | 1.0% | ||
| Q3 24 | 3.4% | 0.9% | ||
| Q2 24 | 4.2% | 1.3% | ||
| Q1 24 | — | 1.2% |
| Q4 25 | 2.04× | 1.92× | ||
| Q3 25 | 3.19× | 1.57× | ||
| Q2 25 | 0.02× | 2.79× | ||
| Q1 25 | 1.40× | 1.41× | ||
| Q4 24 | 0.71× | 4.59× | ||
| Q3 24 | 0.41× | 1.95× | ||
| Q2 24 | 0.15× | 8.86× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 4% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
