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Side-by-side financial comparison of OLD REPUBLIC INTERNATIONAL CORP (ORI) and Toast, Inc. (TOST). Click either name above to swap in a different company.
OLD REPUBLIC INTERNATIONAL CORP is the larger business by last-quarter revenue ($2.4B vs $1.6B, roughly 1.5× Toast, Inc.). OLD REPUBLIC INTERNATIONAL CORP runs the higher net margin — 13.8% vs 6.2%, a 7.6% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 6.7%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 13.2%).
Old Republic International Corporation is an American property insurance and title insurance company. The company is headquartered in Chicago, Illinois.
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.
ORI vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $2.4B | $1.6B |
| Net Profit | $330.0M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | — | 5.2% |
| Net Margin | 13.8% | 6.2% |
| Revenue YoY | 6.7% | 22.0% |
| Net Profit YoY | -145.5% | 215.6% |
| EPS (diluted) | — | $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 | $2.4B | — | ||
| Q4 25 | $2.4B | $1.6B | ||
| Q3 25 | $2.4B | $1.6B | ||
| Q2 25 | $2.2B | $1.6B | ||
| Q1 25 | $2.1B | $1.3B | ||
| Q4 24 | $2.0B | $1.3B | ||
| Q3 24 | $2.3B | $1.3B | ||
| Q2 24 | $1.9B | $1.2B |
| Q1 26 | $330.0M | — | ||
| Q4 25 | $206.5M | $101.0M | ||
| Q3 25 | $279.5M | $105.0M | ||
| Q2 25 | $204.4M | $80.0M | ||
| Q1 25 | $245.0M | $56.0M | ||
| Q4 24 | $105.3M | $32.0M | ||
| Q3 24 | $338.9M | $56.0M | ||
| Q2 24 | $91.8M | $14.0M |
| Q1 26 | — | — | ||
| 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 26 | — | — | ||
| Q4 25 | — | 5.2% | ||
| Q3 25 | 14.6% | 5.1% | ||
| Q2 25 | 11.8% | 5.2% | ||
| Q1 25 | 14.6% | 3.2% | ||
| Q4 24 | — | 2.5% | ||
| Q3 24 | 18.2% | 2.6% | ||
| Q2 24 | 6.1% | 0.4% |
| Q1 26 | 13.8% | — | ||
| Q4 25 | 8.6% | 6.2% | ||
| Q3 25 | 11.5% | 6.4% | ||
| Q2 25 | 9.3% | 5.2% | ||
| Q1 25 | 11.6% | 4.2% | ||
| Q4 24 | 5.3% | 2.4% | ||
| Q3 24 | 14.5% | 4.3% | ||
| Q2 24 | 4.9% | 1.1% |
| Q1 26 | — | — | ||
| Q4 25 | $0.82 | $0.18 | ||
| Q3 25 | $1.11 | $0.16 | ||
| Q2 25 | $0.81 | $0.13 | ||
| Q1 25 | $0.98 | $0.09 | ||
| Q4 24 | $0.42 | $0.09 | ||
| Q3 24 | $1.32 | $0.07 | ||
| Q2 24 | $0.35 | $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 | — | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $5.9M | $2.1B |
| Total Assets | $29.6M | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.4B | ||
| Q2 25 | — | $1.2B | ||
| Q1 25 | — | $1.0B | ||
| Q4 24 | — | $903.0M | ||
| Q3 24 | — | $761.0M | ||
| Q2 24 | — | $691.0M |
| Q1 26 | $5.9M | — | ||
| Q4 25 | $5.9B | $2.1B | ||
| Q3 25 | $6.4B | $2.0B | ||
| Q2 25 | $6.2B | $1.8B | ||
| Q1 25 | $5.9B | $1.7B | ||
| Q4 24 | $5.6B | $1.5B | ||
| Q3 24 | $6.4B | $1.4B | ||
| Q2 24 | $6.0B | $1.3B |
| Q1 26 | $29.6M | — | ||
| Q4 25 | $29.9B | $3.1B | ||
| Q3 25 | $30.3B | $3.0B | ||
| Q2 25 | $29.3B | $2.8B | ||
| Q1 25 | $28.0B | $2.6B | ||
| Q4 24 | $27.8B | $2.4B | ||
| Q3 24 | $28.8B | $2.2B | ||
| Q2 24 | $27.5B | $2.2B |
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 | — | $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 | — | — | ||
| Q4 25 | $234.9M | $194.0M | ||
| Q3 25 | $563.9M | $165.0M | ||
| Q2 25 | $133.8M | $223.0M | ||
| Q1 25 | $231.7M | $79.0M | ||
| Q4 24 | $361.7M | $147.0M | ||
| Q3 24 | $474.8M | $109.0M | ||
| Q2 24 | $236.5M | $124.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | $178.0M | ||
| Q3 25 | — | $153.0M | ||
| Q2 25 | — | $208.0M | ||
| Q1 25 | — | $69.0M | ||
| Q4 24 | — | $134.0M | ||
| Q3 24 | — | $97.0M | ||
| Q2 24 | — | $108.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 10.9% | ||
| Q3 25 | — | 9.4% | ||
| Q2 25 | — | 13.4% | ||
| Q1 25 | — | 5.2% | ||
| Q4 24 | — | 10.0% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 8.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.0% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 1.0% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.3% |
| Q1 26 | — | — | ||
| Q4 25 | 1.14× | 1.92× | ||
| Q3 25 | 2.02× | 1.57× | ||
| Q2 25 | 0.65× | 2.79× | ||
| Q1 25 | 0.95× | 1.41× | ||
| Q4 24 | 3.43× | 4.59× | ||
| Q3 24 | 1.40× | 1.95× | ||
| Q2 24 | 2.58× | 8.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ORI
| operating | $2.2B | 92% |
| net investment gains | $201.8M | 8% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
