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Side-by-side financial comparison of PATRICK INDUSTRIES INC (PATK) 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 $924.2M, roughly 1.8× PATRICK INDUSTRIES INC). Toast, Inc. runs the higher net margin — 6.2% vs 3.1%, a 3.0% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 9.2%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $112.7M). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs -0.5%).
Anduril Industries, Inc. is an American defense technology company specializing in the development of advanced autonomous systems.
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.
PATK vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $924.2M | $1.6B |
| Net Profit | $29.1M | $101.0M |
| Gross Margin | 23.0% | 25.9% |
| Operating Margin | 6.2% | 5.2% |
| Net Margin | 3.1% | 6.2% |
| Revenue YoY | 9.2% | 22.0% |
| Net Profit YoY | 99.7% | 215.6% |
| EPS (diluted) | $0.82 | $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 | $924.2M | $1.6B | ||
| Q3 25 | $975.6M | $1.6B | ||
| Q2 25 | $1.0B | $1.6B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $846.1M | $1.3B | ||
| Q3 24 | $919.4M | $1.3B | ||
| Q2 24 | $1.0B | $1.2B | ||
| Q1 24 | $933.5M | $1.1B |
| Q4 25 | $29.1M | $101.0M | ||
| Q3 25 | $35.3M | $105.0M | ||
| Q2 25 | $32.4M | $80.0M | ||
| Q1 25 | $38.2M | $56.0M | ||
| Q4 24 | $14.6M | $32.0M | ||
| Q3 24 | $40.9M | $56.0M | ||
| Q2 24 | $47.9M | $14.0M | ||
| Q1 24 | $35.1M | $-83.0M |
| Q4 25 | 23.0% | 25.9% | ||
| Q3 25 | 22.6% | 26.5% | ||
| Q2 25 | 23.9% | 25.3% | ||
| Q1 25 | 22.8% | 25.9% | ||
| Q4 24 | 22.1% | 24.9% | ||
| Q3 24 | 23.1% | 24.7% | ||
| Q2 24 | 22.8% | 23.0% | ||
| Q1 24 | 21.9% | 23.2% |
| Q4 25 | 6.2% | 5.2% | ||
| Q3 25 | 6.8% | 5.1% | ||
| Q2 25 | 8.3% | 5.2% | ||
| Q1 25 | 6.5% | 3.2% | ||
| Q4 24 | 4.7% | 2.5% | ||
| Q3 24 | 8.1% | 2.6% | ||
| Q2 24 | 8.3% | 0.4% | ||
| Q1 24 | 6.4% | -5.2% |
| Q4 25 | 3.1% | 6.2% | ||
| Q3 25 | 3.6% | 6.4% | ||
| Q2 25 | 3.1% | 5.2% | ||
| Q1 25 | 3.8% | 4.2% | ||
| Q4 24 | 1.7% | 2.4% | ||
| Q3 24 | 4.4% | 4.3% | ||
| Q2 24 | 4.7% | 1.1% | ||
| Q1 24 | 3.8% | -7.7% |
| Q4 25 | $0.82 | $0.18 | ||
| Q3 25 | $1.01 | $0.16 | ||
| Q2 25 | $0.96 | $0.13 | ||
| Q1 25 | $1.11 | $0.09 | ||
| Q4 24 | $-1.44 | $0.09 | ||
| Q3 24 | $1.80 | $0.07 | ||
| Q2 24 | $2.16 | $0.02 | ||
| Q1 24 | $1.59 | $-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 | $26.4M | $1.4B |
| Total DebtLower is stronger | $1.3B | — |
| Stockholders' EquityBook value | $1.2B | $2.1B |
| Total Assets | $3.1B | $3.1B |
| Debt / EquityLower = less leverage | 1.10× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $26.4M | $1.4B | ||
| Q3 25 | $20.7M | $1.4B | ||
| Q2 25 | $22.0M | $1.2B | ||
| Q1 25 | $86.6M | $1.0B | ||
| Q4 24 | $33.6M | $903.0M | ||
| Q3 24 | $52.6M | $761.0M | ||
| Q2 24 | $44.0M | $691.0M | ||
| Q1 24 | $17.6M | $578.0M |
| Q4 25 | $1.3B | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $1.3B | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $1.2B | $2.1B | ||
| Q3 25 | $1.2B | $2.0B | ||
| Q2 25 | $1.1B | $1.8B | ||
| Q1 25 | $1.1B | $1.7B | ||
| Q4 24 | $1.1B | $1.5B | ||
| Q3 24 | $1.1B | $1.4B | ||
| Q2 24 | $1.1B | $1.3B | ||
| Q1 24 | $1.1B | $1.2B |
| Q4 25 | $3.1B | $3.1B | ||
| Q3 25 | $3.1B | $3.0B | ||
| Q2 25 | $3.1B | $2.8B | ||
| Q1 25 | $3.2B | $2.6B | ||
| Q4 24 | $3.0B | $2.4B | ||
| Q3 24 | $3.1B | $2.2B | ||
| Q2 24 | $3.0B | $2.2B | ||
| Q1 24 | $3.0B | $2.1B |
| Q4 25 | 1.10× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.18× | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
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 | $130.8M | $194.0M |
| Free Cash FlowOCF − Capex | $112.7M | $178.0M |
| FCF MarginFCF / Revenue | 12.2% | 10.9% |
| Capex IntensityCapex / Revenue | 2.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 4.50× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $246.5M | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $130.8M | $194.0M | ||
| Q3 25 | $9.1M | $165.0M | ||
| Q2 25 | $149.4M | $223.0M | ||
| Q1 25 | $40.1M | $79.0M | ||
| Q4 24 | $102.7M | $147.0M | ||
| Q3 24 | $51.5M | $109.0M | ||
| Q2 24 | $137.5M | $124.0M | ||
| Q1 24 | $35.2M | $-20.0M |
| Q4 25 | $112.7M | $178.0M | ||
| Q3 25 | $-17.2M | $153.0M | ||
| Q2 25 | $131.1M | $208.0M | ||
| Q1 25 | $19.9M | $69.0M | ||
| Q4 24 | $77.2M | $134.0M | ||
| Q3 24 | $33.7M | $97.0M | ||
| Q2 24 | $120.6M | $108.0M | ||
| Q1 24 | $19.7M | $-33.0M |
| Q4 25 | 12.2% | 10.9% | ||
| Q3 25 | -1.8% | 9.4% | ||
| Q2 25 | 12.5% | 13.4% | ||
| Q1 25 | 2.0% | 5.2% | ||
| Q4 24 | 9.1% | 10.0% | ||
| Q3 24 | 3.7% | 7.4% | ||
| Q2 24 | 11.9% | 8.7% | ||
| Q1 24 | 2.1% | -3.1% |
| Q4 25 | 2.0% | 1.0% | ||
| Q3 25 | 2.7% | 0.7% | ||
| Q2 25 | 1.7% | 1.0% | ||
| Q1 25 | 2.0% | 0.7% | ||
| Q4 24 | 3.0% | 1.0% | ||
| Q3 24 | 1.9% | 0.9% | ||
| Q2 24 | 1.7% | 1.3% | ||
| Q1 24 | 1.7% | 1.2% |
| Q4 25 | 4.50× | 1.92× | ||
| Q3 25 | 0.26× | 1.57× | ||
| Q2 25 | 4.61× | 2.79× | ||
| Q1 25 | 1.05× | 1.41× | ||
| Q4 24 | 7.05× | 4.59× | ||
| Q3 24 | 1.26× | 1.95× | ||
| Q2 24 | 2.87× | 8.86× | ||
| Q1 24 | 1.00× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PATK
| Recreational Vehicle | $276.3M | 30% |
| Distribution | $222.4M | 24% |
| Marine | $141.9M | 15% |
| Industrial | $110.8M | 12% |
| Powersports | $104.8M | 11% |
| Manufactured Housing | $67.9M | 7% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
