vs
Side-by-side financial comparison of Fabrinet (FN) 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 $1.1B, roughly 1.4× Fabrinet). Fabrinet runs the higher net margin — 9.9% vs 6.2%, a 3.8% gap on every dollar of revenue. On growth, Fabrinet posted the faster year-over-year revenue change (35.9% vs 22.0%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $-5.3M). Over the past eight quarters, Fabrinet's revenue compounded faster (24.4% CAGR vs 23.3%).
FabrinetFNEarnings & Financial Report
Below is a list of companies having stocks that are included in the S&P MidCap 400 stock market index. The index, maintained by S&P Dow Jones Indices, comprises the common stocks of 400 mid-cap, mostly American, companies. Although called the S&P 400, the index sometimes contains more than 400 stocks when it includes two or more share classes of stock from one of its component companies.
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.
FN vs TOST — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $1.6B |
| Net Profit | $112.6M | $101.0M |
| Gross Margin | 12.2% | 25.9% |
| Operating Margin | 10.1% | 5.2% |
| Net Margin | 9.9% | 6.2% |
| Revenue YoY | 35.9% | 22.0% |
| Net Profit YoY | 30.0% | 215.6% |
| EPS (diluted) | $3.11 | $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 | $1.1B | $1.6B | ||
| Q3 25 | $978.1M | $1.6B | ||
| Q2 25 | $909.7M | $1.6B | ||
| Q1 25 | $871.8M | $1.3B | ||
| Q4 24 | $833.6M | $1.3B | ||
| Q3 24 | $804.2M | $1.3B | ||
| Q2 24 | $753.3M | $1.2B | ||
| Q1 24 | $731.5M | $1.1B |
| Q4 25 | $112.6M | $101.0M | ||
| Q3 25 | $95.9M | $105.0M | ||
| Q2 25 | $87.2M | $80.0M | ||
| Q1 25 | $81.3M | $56.0M | ||
| Q4 24 | $86.6M | $32.0M | ||
| Q3 24 | $77.4M | $56.0M | ||
| Q2 24 | $81.1M | $14.0M | ||
| Q1 24 | $80.9M | $-83.0M |
| Q4 25 | 12.2% | 25.9% | ||
| Q3 25 | 11.9% | 26.5% | ||
| Q2 25 | 12.2% | 25.3% | ||
| Q1 25 | 11.7% | 25.9% | ||
| Q4 24 | 12.1% | 24.9% | ||
| Q3 24 | 12.3% | 24.7% | ||
| Q2 24 | 12.3% | 23.0% | ||
| Q1 24 | 12.4% | 23.2% |
| Q4 25 | 10.1% | 5.2% | ||
| Q3 25 | 9.6% | 5.1% | ||
| Q2 25 | 9.8% | 5.2% | ||
| Q1 25 | 9.0% | 3.2% | ||
| Q4 24 | 9.5% | 2.5% | ||
| Q3 24 | 9.6% | 2.6% | ||
| Q2 24 | 9.7% | 0.4% | ||
| Q1 24 | 9.7% | -5.2% |
| Q4 25 | 9.9% | 6.2% | ||
| Q3 25 | 9.8% | 6.4% | ||
| Q2 25 | 9.6% | 5.2% | ||
| Q1 25 | 9.3% | 4.2% | ||
| Q4 24 | 10.4% | 2.4% | ||
| Q3 24 | 9.6% | 4.3% | ||
| Q2 24 | 10.8% | 1.1% | ||
| Q1 24 | 11.1% | -7.7% |
| Q4 25 | $3.11 | $0.18 | ||
| Q3 25 | $2.66 | $0.16 | ||
| Q2 25 | $2.41 | $0.13 | ||
| Q1 25 | $2.25 | $0.09 | ||
| Q4 24 | $2.38 | $0.09 | ||
| Q3 24 | $2.13 | $0.07 | ||
| Q2 24 | $2.22 | $0.02 | ||
| Q1 24 | $2.21 | $-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 | $960.8M | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.2B | $2.1B |
| Total Assets | $3.3B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $960.8M | $1.4B | ||
| Q3 25 | $968.8M | $1.4B | ||
| Q2 25 | $934.2M | $1.2B | ||
| Q1 25 | $950.7M | $1.0B | ||
| Q4 24 | $934.6M | $903.0M | ||
| Q3 24 | $908.9M | $761.0M | ||
| Q2 24 | $858.6M | $691.0M | ||
| Q1 24 | $794.0M | $578.0M |
| Q4 25 | $2.2B | $2.1B | ||
| Q3 25 | $2.1B | $2.0B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.8B | $1.4B | ||
| Q2 24 | $1.7B | $1.3B | ||
| Q1 24 | $1.7B | $1.2B |
| Q4 25 | $3.3B | $3.1B | ||
| Q3 25 | $3.0B | $3.0B | ||
| Q2 25 | $2.8B | $2.8B | ||
| Q1 25 | $2.6B | $2.6B | ||
| Q4 24 | $2.5B | $2.4B | ||
| Q3 24 | $2.4B | $2.2B | ||
| Q2 24 | $2.3B | $2.2B | ||
| Q1 24 | $2.2B | $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 | $46.3M | $194.0M |
| Free Cash FlowOCF − Capex | $-5.3M | $178.0M |
| FCF MarginFCF / Revenue | -0.5% | 10.9% |
| Capex IntensityCapex / Revenue | 4.6% | 1.0% |
| Cash ConversionOCF / Net Profit | 0.41× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $102.3M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $46.3M | $194.0M | ||
| Q3 25 | $102.6M | $165.0M | ||
| Q2 25 | $55.1M | $223.0M | ||
| Q1 25 | $74.2M | $79.0M | ||
| Q4 24 | $115.9M | $147.0M | ||
| Q3 24 | $83.2M | $109.0M | ||
| Q2 24 | $83.1M | $124.0M | ||
| Q1 24 | $100.9M | $-20.0M |
| Q4 25 | $-5.3M | $178.0M | ||
| Q3 25 | $57.3M | $153.0M | ||
| Q2 25 | $4.7M | $208.0M | ||
| Q1 25 | $45.7M | $69.0M | ||
| Q4 24 | $94.0M | $134.0M | ||
| Q3 24 | $62.9M | $97.0M | ||
| Q2 24 | $70.4M | $108.0M | ||
| Q1 24 | $87.3M | $-33.0M |
| Q4 25 | -0.5% | 10.9% | ||
| Q3 25 | 5.9% | 9.4% | ||
| Q2 25 | 0.5% | 13.4% | ||
| Q1 25 | 5.2% | 5.2% | ||
| Q4 24 | 11.3% | 10.0% | ||
| Q3 24 | 7.8% | 7.4% | ||
| Q2 24 | 9.3% | 8.7% | ||
| Q1 24 | 11.9% | -3.1% |
| Q4 25 | 4.6% | 1.0% | ||
| Q3 25 | 4.6% | 0.7% | ||
| Q2 25 | 5.5% | 1.0% | ||
| Q1 25 | 3.3% | 0.7% | ||
| Q4 24 | 2.6% | 1.0% | ||
| Q3 24 | 2.5% | 0.9% | ||
| Q2 24 | 1.7% | 1.3% | ||
| Q1 24 | 1.9% | 1.2% |
| Q4 25 | 0.41× | 1.92× | ||
| Q3 25 | 1.07× | 1.57× | ||
| Q2 25 | 0.63× | 2.79× | ||
| Q1 25 | 0.91× | 1.41× | ||
| Q4 24 | 1.34× | 4.59× | ||
| Q3 24 | 1.07× | 1.95× | ||
| Q2 24 | 1.02× | 8.86× | ||
| Q1 24 | 1.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FN
| Optical Communications | $832.6M | 73% |
| Non Optical Communications | $300.3M | 27% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
