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Side-by-side financial comparison of Primerica, Inc. (PRI) 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 $853.7M, roughly 1.9× Primerica, Inc.). Primerica, Inc. runs the higher net margin — 23.1% vs 6.2%, a 16.9% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 11.0%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 7.2%).
Primerica, Inc. is a multi-level marketing company that provides insurance, investment and financial services to middle-income families in the United States and Canada.
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.
PRI vs TOST — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $853.7M | $1.6B |
| Net Profit | $197.0M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 28.9% | 5.2% |
| Net Margin | 23.1% | 6.2% |
| Revenue YoY | 11.0% | 22.0% |
| Net Profit YoY | 17.9% | 215.6% |
| EPS (diluted) | $6.11 | $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 | $853.7M | $1.6B | ||
| Q3 25 | $839.9M | $1.6B | ||
| Q2 25 | $793.3M | $1.6B | ||
| Q1 25 | $804.8M | $1.3B | ||
| Q4 24 | $768.8M | $1.3B | ||
| Q3 24 | $774.1M | $1.3B | ||
| Q2 24 | $803.4M | $1.2B | ||
| Q1 24 | $742.8M | $1.1B |
| Q4 25 | $197.0M | $101.0M | ||
| Q3 25 | $206.8M | $105.0M | ||
| Q2 25 | $178.3M | $80.0M | ||
| Q1 25 | $169.1M | $56.0M | ||
| Q4 24 | $167.1M | $32.0M | ||
| Q3 24 | $164.4M | $56.0M | ||
| Q2 24 | $1.2M | $14.0M | ||
| Q1 24 | $137.9M | $-83.0M |
| 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 | 98.0% | 23.0% | ||
| Q1 24 | 98.2% | 23.2% |
| Q4 25 | 28.9% | 5.2% | ||
| Q3 25 | 32.3% | 5.1% | ||
| Q2 25 | 29.6% | 5.2% | ||
| Q1 25 | 27.5% | 3.2% | ||
| Q4 24 | 64.7% | 2.5% | ||
| Q3 24 | 32.9% | 2.6% | ||
| Q2 24 | 1.0% | 0.4% | ||
| Q1 24 | 24.1% | -5.2% |
| Q4 25 | 23.1% | 6.2% | ||
| Q3 25 | 24.6% | 6.4% | ||
| Q2 25 | 22.5% | 5.2% | ||
| Q1 25 | 21.0% | 4.2% | ||
| Q4 24 | 21.7% | 2.4% | ||
| Q3 24 | 21.2% | 4.3% | ||
| Q2 24 | 0.1% | 1.1% | ||
| Q1 24 | 18.6% | -7.7% |
| Q4 25 | $6.11 | $0.18 | ||
| Q3 25 | $6.35 | $0.16 | ||
| Q2 25 | $5.40 | $0.13 | ||
| Q1 25 | $5.05 | $0.09 | ||
| Q4 24 | $4.92 | $0.09 | ||
| Q3 24 | $4.83 | $0.07 | ||
| Q2 24 | $0.03 | $0.02 | ||
| Q1 24 | $3.93 | $-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 | $756.2M | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.4B | $2.1B |
| Total Assets | $15.0B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $756.2M | $1.4B | ||
| Q3 25 | $644.9M | $1.4B | ||
| Q2 25 | $621.2M | $1.2B | ||
| Q1 25 | $625.1M | $1.0B | ||
| Q4 24 | $687.8M | $903.0M | ||
| Q3 24 | $550.1M | $761.0M | ||
| Q2 24 | $627.3M | $691.0M | ||
| Q1 24 | $593.4M | $578.0M |
| Q4 25 | $2.4B | $2.1B | ||
| Q3 25 | $2.3B | $2.0B | ||
| Q2 25 | $2.3B | $1.8B | ||
| Q1 25 | $2.3B | $1.7B | ||
| Q4 24 | $2.3B | $1.5B | ||
| Q3 24 | $1.9B | $1.4B | ||
| Q2 24 | $2.1B | $1.3B | ||
| Q1 24 | $2.2B | $1.2B |
| Q4 25 | $15.0B | $3.1B | ||
| Q3 25 | $14.8B | $3.0B | ||
| Q2 25 | $14.8B | $2.8B | ||
| Q1 25 | $14.6B | $2.6B | ||
| Q4 24 | $14.6B | $2.4B | ||
| Q3 24 | $14.8B | $2.2B | ||
| Q2 24 | $14.6B | $2.2B | ||
| Q1 24 | $14.9B | $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 | $338.2M | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | — | 1.0% |
| Cash ConversionOCF / Net Profit | 1.72× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $338.2M | $194.0M | ||
| Q3 25 | $202.9M | $165.0M | ||
| Q2 25 | $162.6M | $223.0M | ||
| Q1 25 | $197.5M | $79.0M | ||
| Q4 24 | $270.6M | $147.0M | ||
| Q3 24 | $207.3M | $109.0M | ||
| Q2 24 | $173.3M | $124.0M | ||
| Q1 24 | $210.9M | $-20.0M |
| 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 24 | — | $-33.0M |
| 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 24 | — | -3.1% |
| 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 24 | — | 1.2% |
| Q4 25 | 1.72× | 1.92× | ||
| Q3 25 | 0.98× | 1.57× | ||
| Q2 25 | 0.91× | 2.79× | ||
| Q1 25 | 1.17× | 1.41× | ||
| Q4 24 | 1.62× | 4.59× | ||
| Q3 24 | 1.26× | 1.95× | ||
| Q2 24 | 147.98× | 8.86× | ||
| Q1 24 | 1.53× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PRI
| Revenues From Sources Other Than Contracts With Customers | $445.9M | 52% |
| Investment And Savings Products Segment Revenues | $340.3M | 40% |
| Other | $56.5M | 7% |
| Segment Revenues From Contracts With Customers | $11.0M | 1% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
