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Side-by-side financial comparison of Grocery Outlet Holding Corp. (GO) 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 $1.2B, roughly 1.3× Grocery Outlet Holding Corp.). Toast, Inc. runs the higher net margin — 6.2% vs -18.5%, a 24.7% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 10.7%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 8.3%).
Grocery Outlet Holding Corp. is an American discount closeout retailer consisting exclusively of supermarket locations that offer discounted, overstocked, and closeout products from name-brand and private-label suppliers. The company has stores in California, Oregon, Washington, Idaho, Nevada, Maryland, Pennsylvania, New Jersey, Ohio, and Delaware.
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.
GO vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.6B |
| Net Profit | $-224.9M | $101.0M |
| Gross Margin | 29.7% | 25.9% |
| Operating Margin | — | 5.2% |
| Net Margin | -18.5% | 6.2% |
| Revenue YoY | 10.7% | 22.0% |
| Net Profit YoY | -669.9% | 215.6% |
| EPS (diluted) | $-2.22 | $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.
| Q1 26 | $1.2B | — | ||
| Q4 25 | — | $1.6B | ||
| Q3 25 | $1.2B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $1.1B | $1.3B | ||
| Q4 24 | $1.1B | $1.3B | ||
| Q3 24 | $1.1B | $1.3B | ||
| Q2 24 | $1.1B | $1.2B |
| Q1 26 | $-224.9M | — | ||
| Q4 25 | — | $101.0M | ||
| Q3 25 | $11.6M | $105.0M | ||
| Q2 25 | $5.0M | $80.0M | ||
| Q1 25 | $-23.3M | $56.0M | ||
| Q4 24 | $2.3M | $32.0M | ||
| Q3 24 | $24.2M | $56.0M | ||
| Q2 24 | $14.0M | $14.0M |
| Q1 26 | 29.7% | — | ||
| Q4 25 | — | 25.9% | ||
| Q3 25 | 30.4% | 26.5% | ||
| Q2 25 | 30.6% | 25.3% | ||
| Q1 25 | 30.4% | 25.9% | ||
| Q4 24 | 29.5% | 24.9% | ||
| Q3 24 | 31.1% | 24.7% | ||
| Q2 24 | 30.9% | 23.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | 2.0% | 5.1% | ||
| Q2 25 | 1.1% | 5.2% | ||
| Q1 25 | -2.0% | 3.2% | ||
| Q4 24 | 1.0% | 2.5% | ||
| Q3 24 | 3.6% | 2.6% | ||
| Q2 24 | 2.3% | 0.4% |
| Q1 26 | -18.5% | — | ||
| Q4 25 | — | 6.2% | ||
| Q3 25 | 1.0% | 6.4% | ||
| Q2 25 | 0.4% | 5.2% | ||
| Q1 25 | -2.1% | 4.2% | ||
| Q4 24 | 0.2% | 2.4% | ||
| Q3 24 | 2.2% | 4.3% | ||
| Q2 24 | 1.2% | 1.1% |
| Q1 26 | $-2.22 | — | ||
| Q4 25 | — | $0.18 | ||
| Q3 25 | $0.12 | $0.16 | ||
| Q2 25 | $0.05 | $0.13 | ||
| Q1 25 | $-0.24 | $0.09 | ||
| Q4 24 | $0.03 | $0.09 | ||
| Q3 24 | $0.24 | $0.07 | ||
| Q2 24 | $0.14 | $0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $69.6M | $1.4B |
| Total DebtLower is stronger | $15.0M | — |
| Stockholders' EquityBook value | $983.7M | $2.1B |
| Total Assets | $3.1B | $3.1B |
| Debt / EquityLower = less leverage | 0.02× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $69.6M | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | $52.1M | $1.4B | ||
| Q2 25 | $55.2M | $1.2B | ||
| Q1 25 | $50.9M | $1.0B | ||
| Q4 24 | $62.8M | $903.0M | ||
| Q3 24 | $68.7M | $761.0M | ||
| Q2 24 | $67.1M | $691.0M |
| Q1 26 | $15.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | $500.3M | — | ||
| Q2 25 | $473.9M | — | ||
| Q1 25 | $475.7M | — | ||
| Q4 24 | $477.5M | — | ||
| Q3 24 | $429.3M | — | ||
| Q2 24 | $379.2M | — |
| Q1 26 | $983.7M | — | ||
| Q4 25 | — | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.2B | $1.8B | ||
| Q1 25 | $1.2B | $1.7B | ||
| Q4 24 | $1.2B | $1.5B | ||
| Q3 24 | $1.2B | $1.4B | ||
| Q2 24 | $1.2B | $1.3B |
| Q1 26 | $3.1B | — | ||
| Q4 25 | — | $3.1B | ||
| Q3 25 | $3.4B | $3.0B | ||
| Q2 25 | $3.3B | $2.8B | ||
| Q1 25 | $3.3B | $2.6B | ||
| Q4 24 | $3.2B | $2.4B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $3.1B | $2.2B |
| Q1 26 | 0.02× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | 0.42× | — | ||
| Q2 25 | 0.40× | — | ||
| Q1 25 | 0.40× | — | ||
| Q4 24 | 0.40× | — | ||
| Q3 24 | 0.35× | — | ||
| Q2 24 | 0.31× | — |
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 | $222.1M | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | — | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $222.1M | — | ||
| Q4 25 | — | $194.0M | ||
| Q3 25 | $17.3M | $165.0M | ||
| Q2 25 | $73.6M | $223.0M | ||
| Q1 25 | $58.9M | $79.0M | ||
| Q4 24 | $39.5M | $147.0M | ||
| Q3 24 | $23.0M | $109.0M | ||
| Q2 24 | $41.6M | $124.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $178.0M | ||
| Q3 25 | $-21.6M | $153.0M | ||
| Q2 25 | $14.4M | $208.0M | ||
| Q1 25 | $-1.5M | $69.0M | ||
| Q4 24 | $-19.6M | $134.0M | ||
| Q3 24 | $-19.3M | $97.0M | ||
| Q2 24 | $2.7M | $108.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | -1.8% | 9.4% | ||
| Q2 25 | 1.2% | 13.4% | ||
| Q1 25 | -0.1% | 5.2% | ||
| Q4 24 | -1.8% | 10.0% | ||
| Q3 24 | -1.7% | 7.4% | ||
| Q2 24 | 0.2% | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | 3.3% | 0.7% | ||
| Q2 25 | 5.0% | 1.0% | ||
| Q1 25 | 5.4% | 0.7% | ||
| Q4 24 | 5.4% | 1.0% | ||
| Q3 24 | 3.8% | 0.9% | ||
| Q2 24 | 3.4% | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.92× | ||
| Q3 25 | 1.49× | 1.57× | ||
| Q2 25 | 14.84× | 2.79× | ||
| Q1 25 | — | 1.41× | ||
| Q4 24 | 17.09× | 4.59× | ||
| Q3 24 | 0.95× | 1.95× | ||
| Q2 24 | 2.97× | 8.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GO
Segment breakdown not available.
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
