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Side-by-side financial comparison of First American Financial Corp (FAF) and Toast, Inc. (TOST). Click either name above to swap in a different company.
First American Financial Corp is the larger business by last-quarter revenue ($2.0B vs $1.6B, roughly 1.3× Toast, Inc.). First American Financial Corp runs the higher net margin — 10.3% vs 6.2%, a 4.2% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 21.6%). First American Financial Corp produced more free cash flow last quarter ($324.5M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 19.9%).
First American Financial Corporation is an American financial services company which provides title insurance and settlement services to the real estate and mortgage industries.
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.
FAF vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.0B | $1.6B |
| Net Profit | $211.9M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 14.0% | 5.2% |
| Net Margin | 10.3% | 6.2% |
| Revenue YoY | 21.6% | 22.0% |
| Net Profit YoY | 192.7% | 215.6% |
| EPS (diluted) | $2.04 | $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 | $2.0B | $1.6B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $1.8B | $1.6B | ||
| Q1 25 | $1.6B | $1.3B | ||
| Q4 24 | $1.7B | $1.3B | ||
| Q3 24 | $1.4B | $1.3B | ||
| Q2 24 | $1.6B | $1.2B | ||
| Q1 24 | $1.4B | $1.1B |
| Q4 25 | $211.9M | $101.0M | ||
| Q3 25 | $189.6M | $105.0M | ||
| Q2 25 | $146.1M | $80.0M | ||
| Q1 25 | $74.2M | $56.0M | ||
| Q4 24 | $72.4M | $32.0M | ||
| Q3 24 | $-104.0M | $56.0M | ||
| Q2 24 | $116.0M | $14.0M | ||
| Q1 24 | $46.7M | $-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 | 14.0% | 5.2% | ||
| Q3 25 | 12.5% | 5.1% | ||
| Q2 25 | 10.6% | 5.2% | ||
| Q1 25 | 6.1% | 3.2% | ||
| Q4 24 | 5.9% | 2.5% | ||
| Q3 24 | -10.3% | 2.6% | ||
| Q2 24 | 9.4% | 0.4% | ||
| Q1 24 | 4.1% | -5.2% |
| Q4 25 | 10.3% | 6.2% | ||
| Q3 25 | 9.6% | 6.4% | ||
| Q2 25 | 7.9% | 5.2% | ||
| Q1 25 | 4.7% | 4.2% | ||
| Q4 24 | 4.3% | 2.4% | ||
| Q3 24 | -7.4% | 4.3% | ||
| Q2 24 | 7.2% | 1.1% | ||
| Q1 24 | 3.3% | -7.7% |
| Q4 25 | $2.04 | $0.18 | ||
| Q3 25 | $1.84 | $0.16 | ||
| Q2 25 | $1.41 | $0.13 | ||
| Q1 25 | $0.71 | $0.09 | ||
| Q4 24 | $0.70 | $0.09 | ||
| Q3 24 | $-1.00 | $0.07 | ||
| Q2 24 | $1.11 | $0.02 | ||
| Q1 24 | $0.45 | $-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 | $1.4B | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.5B | $2.1B |
| Total Assets | $16.2B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $1.4B | ||
| Q3 25 | $2.9B | $1.4B | ||
| Q2 25 | $2.0B | $1.2B | ||
| Q1 25 | $2.0B | $1.0B | ||
| Q4 24 | $1.7B | $903.0M | ||
| Q3 24 | $3.0B | $761.0M | ||
| Q2 24 | $2.0B | $691.0M | ||
| Q1 24 | $1.5B | $578.0M |
| Q4 25 | $5.5B | $2.1B | ||
| Q3 25 | $5.3B | $2.0B | ||
| Q2 25 | $5.1B | $1.8B | ||
| Q1 25 | $5.0B | $1.7B | ||
| Q4 24 | $4.9B | $1.5B | ||
| Q3 24 | $5.1B | $1.4B | ||
| Q2 24 | $4.8B | $1.3B | ||
| Q1 24 | $4.8B | $1.2B |
| Q4 25 | $16.2B | $3.1B | ||
| Q3 25 | $17.6B | $3.0B | ||
| Q2 25 | $16.3B | $2.8B | ||
| Q1 25 | $15.5B | $2.6B | ||
| Q4 24 | $14.9B | $2.4B | ||
| Q3 24 | $16.6B | $2.2B | ||
| Q2 24 | $15.2B | $2.2B | ||
| Q1 24 | $14.7B | $2.1B |
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 | $369.3M | $194.0M |
| Free Cash FlowOCF − Capex | $324.5M | $178.0M |
| FCF MarginFCF / Revenue | 15.8% | 10.9% |
| Capex IntensityCapex / Revenue | 2.2% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.74× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $762.5M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $369.3M | $194.0M | ||
| Q3 25 | $272.5M | $165.0M | ||
| Q2 25 | $361.8M | $223.0M | ||
| Q1 25 | $-52.8M | $79.0M | ||
| Q4 24 | $324.6M | $147.0M | ||
| Q3 24 | $236.9M | $109.0M | ||
| Q2 24 | $266.7M | $124.0M | ||
| Q1 24 | $69.3M | $-20.0M |
| Q4 25 | $324.5M | $178.0M | ||
| Q3 25 | $223.1M | $153.0M | ||
| Q2 25 | $309.4M | $208.0M | ||
| Q1 25 | $-94.5M | $69.0M | ||
| Q4 24 | $266.2M | $134.0M | ||
| Q3 24 | $185.4M | $97.0M | ||
| Q2 24 | $210.0M | $108.0M | ||
| Q1 24 | $17.6M | $-33.0M |
| Q4 25 | 15.8% | 10.9% | ||
| Q3 25 | 11.3% | 9.4% | ||
| Q2 25 | 16.8% | 13.4% | ||
| Q1 25 | -6.0% | 5.2% | ||
| Q4 24 | 15.8% | 10.0% | ||
| Q3 24 | 13.2% | 7.4% | ||
| Q2 24 | 13.0% | 8.7% | ||
| Q1 24 | 1.2% | -3.1% |
| Q4 25 | 2.2% | 1.0% | ||
| Q3 25 | 2.5% | 0.7% | ||
| Q2 25 | 2.8% | 1.0% | ||
| Q1 25 | 2.6% | 0.7% | ||
| Q4 24 | 3.5% | 1.0% | ||
| Q3 24 | 3.7% | 0.9% | ||
| Q2 24 | 3.5% | 1.3% | ||
| Q1 24 | 3.6% | 1.2% |
| Q4 25 | 1.74× | 1.92× | ||
| Q3 25 | 1.44× | 1.57× | ||
| Q2 25 | 2.48× | 2.79× | ||
| Q1 25 | -0.71× | 1.41× | ||
| Q4 24 | 4.48× | 4.59× | ||
| Q3 24 | — | 1.95× | ||
| Q2 24 | 2.30× | 8.86× | ||
| Q1 24 | 1.48× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FAF
| Title Insurance And Services | $1.9B | 94% |
| Home Warranty | $110.3M | 5% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
