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Side-by-side financial comparison of Interpublic Group of Companies (The) (IPG) and Toast, Inc. (TOST). Click either name above to swap in a different company.

Interpublic Group of Companies (The) is the larger business by last-quarter revenue ($2.1B vs $1.6B, roughly 1.3× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 5.8%, a 0.4% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs -4.8%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $153.6M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs -9.1%).

The Interpublic Group of Companies, Inc. (IPG) was an American advertising company based in New York City. It consisted of the five major networks FCB, IPG Mediabrands, McCann Worldgroup, MullenLowe Group and Marketing Specialists, as well as several independent specialty agencies in the areas of public relations, sports marketing, talent representation and healthcare. Prior to the Omnicom acquisition, it was one of the "Big Four" agency companies, alongside WPP, Publicis, and Omnicom. The co...

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.

IPG vs TOST — Head-to-Head

Bigger by revenue
IPG
IPG
1.3× larger
IPG
$2.1B
$1.6B
TOST
Growing faster (revenue YoY)
TOST
TOST
+26.8% gap
TOST
22.0%
-4.8%
IPG
Higher net margin
TOST
TOST
0.4% more per $
TOST
6.2%
5.8%
IPG
More free cash flow
TOST
TOST
$24.4M more FCF
TOST
$178.0M
$153.6M
IPG
Faster 2-yr revenue CAGR
TOST
TOST
Annualised
TOST
23.3%
-9.1%
IPG

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
IPG
IPG
TOST
TOST
Revenue
$2.1B
$1.6B
Net Profit
$124.2M
$101.0M
Gross Margin
25.9%
Operating Margin
10.3%
5.2%
Net Margin
5.8%
6.2%
Revenue YoY
-4.8%
22.0%
Net Profit YoY
517.9%
215.6%
EPS (diluted)
$0.34
$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.

Revenue
IPG
IPG
TOST
TOST
Q4 25
$1.6B
Q3 25
$2.1B
$1.6B
Q2 25
$2.2B
$1.6B
Q1 25
$2.0B
$1.3B
Q4 24
$2.4B
$1.3B
Q3 24
$2.2B
$1.3B
Q2 24
$2.3B
$1.2B
Q1 24
$2.2B
$1.1B
Net Profit
IPG
IPG
TOST
TOST
Q4 25
$101.0M
Q3 25
$124.2M
$105.0M
Q2 25
$162.5M
$80.0M
Q1 25
$-85.4M
$56.0M
Q4 24
$344.5M
$32.0M
Q3 24
$20.1M
$56.0M
Q2 24
$214.5M
$14.0M
Q1 24
$110.4M
$-83.0M
Gross Margin
IPG
IPG
TOST
TOST
Q4 25
25.9%
Q3 25
26.5%
Q2 25
25.3%
Q1 25
-3.2%
25.9%
Q4 24
10.1%
24.9%
Q3 24
2.9%
24.7%
Q2 24
1.2%
23.0%
Q1 24
-1.1%
23.2%
Operating Margin
IPG
IPG
TOST
TOST
Q4 25
5.2%
Q3 25
10.3%
5.1%
Q2 25
11.2%
5.2%
Q1 25
-2.1%
3.2%
Q4 24
23.3%
2.5%
Q3 24
5.9%
2.6%
Q2 24
13.7%
0.4%
Q1 24
8.4%
-5.2%
Net Margin
IPG
IPG
TOST
TOST
Q4 25
6.2%
Q3 25
5.8%
6.4%
Q2 25
7.5%
5.2%
Q1 25
-4.3%
4.2%
Q4 24
14.1%
2.4%
Q3 24
0.9%
4.3%
Q2 24
9.2%
1.1%
Q1 24
5.1%
-7.7%
EPS (diluted)
IPG
IPG
TOST
TOST
Q4 25
$0.18
Q3 25
$0.34
$0.16
Q2 25
$0.44
$0.13
Q1 25
$-0.23
$0.09
Q4 24
$0.92
$0.09
Q3 24
$0.05
$0.07
Q2 24
$0.57
$0.02
Q1 24
$0.29
$-0.15

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
IPG
IPG
TOST
TOST
Cash + ST InvestmentsLiquidity on hand
$1.5B
$1.4B
Total DebtLower is stronger
Stockholders' EquityBook value
$3.7B
$2.1B
Total Assets
$17.0B
$3.1B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
IPG
IPG
TOST
TOST
Q4 25
$1.4B
Q3 25
$1.5B
$1.4B
Q2 25
$1.6B
$1.2B
Q1 25
$1.9B
$1.0B
Q4 24
$2.2B
$903.0M
Q3 24
$1.5B
$761.0M
Q2 24
$1.5B
$691.0M
Q1 24
$1.9B
$578.0M
Stockholders' Equity
IPG
IPG
TOST
TOST
Q4 25
$2.1B
Q3 25
$3.7B
$2.0B
Q2 25
$3.7B
$1.8B
Q1 25
$3.6B
$1.7B
Q4 24
$3.8B
$1.5B
Q3 24
$3.7B
$1.4B
Q2 24
$3.8B
$1.3B
Q1 24
$3.8B
$1.2B
Total Assets
IPG
IPG
TOST
TOST
Q4 25
$3.1B
Q3 25
$17.0B
$3.0B
Q2 25
$17.0B
$2.8B
Q1 25
$17.1B
$2.6B
Q4 24
$18.3B
$2.4B
Q3 24
$17.1B
$2.2B
Q2 24
$17.0B
$2.2B
Q1 24
$17.3B
$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
IPG
IPG
TOST
TOST
Operating Cash FlowLast quarter
$180.1M
$194.0M
Free Cash FlowOCF − Capex
$153.6M
$178.0M
FCF MarginFCF / Revenue
7.2%
10.9%
Capex IntensityCapex / Revenue
1.2%
1.0%
Cash ConversionOCF / Net Profit
1.45×
1.92×
TTM Free Cash FlowTrailing 4 quarters
$806.8M
$608.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
IPG
IPG
TOST
TOST
Q4 25
$194.0M
Q3 25
$180.1M
$165.0M
Q2 25
$-96.0M
$223.0M
Q1 25
$-37.0M
$79.0M
Q4 24
$868.1M
$147.0M
Q3 24
$223.8M
$109.0M
Q2 24
$120.7M
$124.0M
Q1 24
$-157.4M
$-20.0M
Free Cash Flow
IPG
IPG
TOST
TOST
Q4 25
$178.0M
Q3 25
$153.6M
$153.0M
Q2 25
$-121.8M
$208.0M
Q1 25
$-58.5M
$69.0M
Q4 24
$833.5M
$134.0M
Q3 24
$186.5M
$97.0M
Q2 24
$85.9M
$108.0M
Q1 24
$-192.5M
$-33.0M
FCF Margin
IPG
IPG
TOST
TOST
Q4 25
10.9%
Q3 25
7.2%
9.4%
Q2 25
-5.6%
13.4%
Q1 25
-2.9%
5.2%
Q4 24
34.2%
10.0%
Q3 24
8.3%
7.4%
Q2 24
3.7%
8.7%
Q1 24
-8.8%
-3.1%
Capex Intensity
IPG
IPG
TOST
TOST
Q4 25
1.0%
Q3 25
1.2%
0.7%
Q2 25
1.2%
1.0%
Q1 25
1.1%
0.7%
Q4 24
1.4%
1.0%
Q3 24
1.7%
0.9%
Q2 24
1.5%
1.3%
Q1 24
1.6%
1.2%
Cash Conversion
IPG
IPG
TOST
TOST
Q4 25
1.92×
Q3 25
1.45×
1.57×
Q2 25
-0.59×
2.79×
Q1 25
1.41×
Q4 24
2.52×
4.59×
Q3 24
11.13×
1.95×
Q2 24
0.56×
8.86×
Q1 24
-1.43×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

IPG
IPG

MDE$619.0M29%
IAC$574.9M27%
Other$527.9M25%
SCE$413.8M19%

TOST
TOST

Technology Service$1.3B82%
License$256.0M16%
Product And Professional Services$43.0M3%

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