vs
Side-by-side financial comparison of Fidelity National Information Services (FIS) and Toast, Inc. (TOST). Click either name above to swap in a different company.
Fidelity National Information Services is the larger business by last-quarter revenue ($2.8B vs $1.6B, roughly 1.7× Toast, Inc.). Fidelity National Information Services runs the higher net margin — 18.2% vs 6.2%, a 12.0% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 8.1%). Fidelity National Information Services produced more free cash flow last quarter ($739.0M vs $178.0M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 6.8%).
Fidelity National Information Services, Inc. (FIS) is an American multinational corporation which offers a wide range of financial products and services. FIS is most known for its development of Financial Technology, or FinTech. Annually, FIS facilitates the movement of roughly US$9 trillion through the processing of approximately 75 billion transactions in service to more than 20,000 clients around the globe.
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.
FIS vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.8B | $1.6B |
| Net Profit | $511.0M | $101.0M |
| Gross Margin | 38.3% | 25.9% |
| Operating Margin | 18.8% | 5.2% |
| Net Margin | 18.2% | 6.2% |
| Revenue YoY | 8.1% | 22.0% |
| Net Profit YoY | 97.3% | 215.6% |
| EPS (diluted) | $0.98 | $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 | $2.8B | $1.6B | ||
| Q3 25 | $2.7B | $1.6B | ||
| Q2 25 | $2.6B | $1.6B | ||
| Q1 25 | $2.5B | $1.3B | ||
| Q4 24 | $2.6B | $1.3B | ||
| Q3 24 | $2.6B | $1.3B | ||
| Q2 24 | $2.5B | $1.2B | ||
| Q1 24 | $2.5B | $1.1B |
| Q4 25 | $511.0M | $101.0M | ||
| Q3 25 | $264.0M | $105.0M | ||
| Q2 25 | $-470.0M | $80.0M | ||
| Q1 25 | $77.0M | $56.0M | ||
| Q4 24 | $259.0M | $32.0M | ||
| Q3 24 | $224.0M | $56.0M | ||
| Q2 24 | $243.0M | $14.0M | ||
| Q1 24 | $724.0M | $-83.0M |
| Q4 25 | 38.3% | 25.9% | ||
| Q3 25 | 37.8% | 26.5% | ||
| Q2 25 | 36.4% | 25.3% | ||
| Q1 25 | 34.7% | 25.9% | ||
| Q4 24 | 36.9% | 24.9% | ||
| Q3 24 | 38.0% | 24.7% | ||
| Q2 24 | 38.2% | 23.0% | ||
| Q1 24 | 37.1% | 23.2% |
| Q4 25 | 18.8% | 5.2% | ||
| Q3 25 | 16.8% | 5.1% | ||
| Q2 25 | 15.6% | 5.2% | ||
| Q1 25 | 13.7% | 3.2% | ||
| Q4 24 | 18.5% | 2.5% | ||
| Q3 24 | 19.1% | 2.6% | ||
| Q2 24 | 15.2% | 0.4% | ||
| Q1 24 | 14.6% | -5.2% |
| Q4 25 | 18.2% | 6.2% | ||
| Q3 25 | 9.7% | 6.4% | ||
| Q2 25 | -18.0% | 5.2% | ||
| Q1 25 | 3.0% | 4.2% | ||
| Q4 24 | 10.0% | 2.4% | ||
| Q3 24 | 8.7% | 4.3% | ||
| Q2 24 | 9.8% | 1.1% | ||
| Q1 24 | 29.3% | -7.7% |
| Q4 25 | $0.98 | $0.18 | ||
| Q3 25 | $0.50 | $0.16 | ||
| Q2 25 | $-0.90 | $0.13 | ||
| Q1 25 | $0.15 | $0.09 | ||
| Q4 24 | $0.51 | $0.09 | ||
| Q3 24 | $0.41 | $0.07 | ||
| Q2 24 | $0.44 | $0.02 | ||
| Q1 24 | $1.25 | $-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 | $599.0M | $1.4B |
| Total DebtLower is stronger | $9.1B | — |
| Stockholders' EquityBook value | $13.9B | $2.1B |
| Total Assets | $33.5B | $3.1B |
| Debt / EquityLower = less leverage | 0.65× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $599.0M | $1.4B | ||
| Q3 25 | $571.0M | $1.4B | ||
| Q2 25 | $581.0M | $1.2B | ||
| Q1 25 | $805.0M | $1.0B | ||
| Q4 24 | $834.0M | $903.0M | ||
| Q3 24 | $1.3B | $761.0M | ||
| Q2 24 | $2.1B | $691.0M | ||
| Q1 24 | $3.3B | $578.0M |
| Q4 25 | $9.1B | — | ||
| Q3 25 | $8.9B | — | ||
| Q2 25 | $8.9B | — | ||
| Q1 25 | $8.7B | — | ||
| Q4 24 | $9.7B | — | ||
| Q3 24 | $10.5B | — | ||
| Q2 24 | $10.6B | — | ||
| Q1 24 | $10.6B | — |
| Q4 25 | $13.9B | $2.1B | ||
| Q3 25 | $13.9B | $2.0B | ||
| Q2 25 | $14.2B | $1.8B | ||
| Q1 25 | $15.1B | $1.7B | ||
| Q4 24 | $15.7B | $1.5B | ||
| Q3 24 | $16.6B | $1.4B | ||
| Q2 24 | $17.0B | $1.3B | ||
| Q1 24 | $18.0B | $1.2B |
| Q4 25 | $33.5B | $3.1B | ||
| Q3 25 | $33.0B | $3.0B | ||
| Q2 25 | $33.4B | $2.8B | ||
| Q1 25 | $32.8B | $2.6B | ||
| Q4 24 | $33.8B | $2.4B | ||
| Q3 24 | $34.3B | $2.2B | ||
| Q2 24 | $34.6B | $2.2B | ||
| Q1 24 | $35.9B | $2.1B |
| Q4 25 | 0.65× | — | ||
| Q3 25 | 0.64× | — | ||
| Q2 25 | 0.63× | — | ||
| Q1 25 | 0.57× | — | ||
| Q4 24 | 0.62× | — | ||
| Q3 24 | 0.63× | — | ||
| Q2 24 | 0.62× | — | ||
| Q1 24 | 0.59× | — |
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 | $758.0M | $194.0M |
| Free Cash FlowOCF − Capex | $739.0M | $178.0M |
| FCF MarginFCF / Revenue | 26.3% | 10.9% |
| Capex IntensityCapex / Revenue | 0.7% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.48× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $2.5B | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $758.0M | $194.0M | ||
| Q3 25 | $1.0B | $165.0M | ||
| Q2 25 | $382.0M | $223.0M | ||
| Q1 25 | $457.0M | $79.0M | ||
| Q4 24 | $782.0M | $147.0M | ||
| Q3 24 | $641.0M | $109.0M | ||
| Q2 24 | $546.0M | $124.0M | ||
| Q1 24 | $206.0M | $-20.0M |
| Q4 25 | $739.0M | $178.0M | ||
| Q3 25 | $952.0M | $153.0M | ||
| Q2 25 | $343.0M | $208.0M | ||
| Q1 25 | $420.0M | $69.0M | ||
| Q4 24 | $764.0M | $134.0M | ||
| Q3 24 | $605.0M | $97.0M | ||
| Q2 24 | $530.0M | $108.0M | ||
| Q1 24 | $179.0M | $-33.0M |
| Q4 25 | 26.3% | 10.9% | ||
| Q3 25 | 35.0% | 9.4% | ||
| Q2 25 | 13.1% | 13.4% | ||
| Q1 25 | 16.6% | 5.2% | ||
| Q4 24 | 29.4% | 10.0% | ||
| Q3 24 | 23.5% | 7.4% | ||
| Q2 24 | 21.3% | 8.7% | ||
| Q1 24 | 7.3% | -3.1% |
| Q4 25 | 0.7% | 1.0% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 1.5% | 1.0% | ||
| Q1 25 | 1.5% | 0.7% | ||
| Q4 24 | 0.7% | 1.0% | ||
| Q3 24 | 1.4% | 0.9% | ||
| Q2 24 | 0.6% | 1.3% | ||
| Q1 24 | 1.1% | 1.2% |
| Q4 25 | 1.48× | 1.92× | ||
| Q3 25 | 3.83× | 1.57× | ||
| Q2 25 | — | 2.79× | ||
| Q1 25 | 5.94× | 1.41× | ||
| Q4 24 | 3.02× | 4.59× | ||
| Q3 24 | 2.86× | 1.95× | ||
| Q2 24 | 2.25× | 8.86× | ||
| Q1 24 | 0.28× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIS
| Banking Solutions | $1.6B | 57% |
| Other | $701.0M | 25% |
| Capital Market Solutions | $508.0M | 18% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
