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Side-by-side financial comparison of Rithm Capital Corp. (RITM) 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 $828.2M, roughly 2.0× Rithm Capital Corp.). Rithm Capital Corp. runs the higher net margin — 13.2% vs 6.2%, a 7.0% gap on every dollar of revenue. On growth, Rithm Capital Corp. posted the faster year-over-year revenue change (508.5% vs 22.0%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs -17.9%).
Rithm Capital Corp. (Rithm) is an American investment management company headquartered in New York that focuses on real estate and alternative investments.
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.
RITM vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $828.2M | $1.6B |
| Net Profit | $109.5M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 29.9% | 5.2% |
| Net Margin | 13.2% | 6.2% |
| Revenue YoY | 508.5% | 22.0% |
| Net Profit YoY | 27.7% | 215.6% |
| EPS (diluted) | $0.12 | $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 | $828.2M | — | ||
| Q4 25 | $1.5B | $1.6B | ||
| Q3 25 | $1.1B | $1.6B | ||
| Q2 25 | $1.2B | $1.6B | ||
| Q1 25 | $768.4M | $1.3B | ||
| Q4 24 | $2.1B | $1.3B | ||
| Q3 24 | $619.5M | $1.3B | ||
| Q2 24 | $1.2B | $1.2B |
| Q1 26 | $109.5M | — | ||
| Q4 25 | $85.0M | $101.0M | ||
| Q3 25 | $221.5M | $105.0M | ||
| Q2 25 | $311.7M | $80.0M | ||
| Q1 25 | $78.8M | $56.0M | ||
| Q4 24 | $290.2M | $32.0M | ||
| Q3 24 | $121.7M | $56.0M | ||
| Q2 24 | $235.6M | $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 | 29.9% | — | ||
| Q4 25 | 13.8% | 5.2% | ||
| Q3 25 | 21.4% | 5.1% | ||
| Q2 25 | 25.2% | 5.2% | ||
| Q1 25 | 7.4% | 3.2% | ||
| Q4 24 | 23.8% | 2.5% | ||
| Q3 24 | 7.3% | 2.6% | ||
| Q2 24 | 23.6% | 0.4% |
| Q1 26 | 13.2% | — | ||
| Q4 25 | 5.7% | 6.2% | ||
| Q3 25 | 20.0% | 6.4% | ||
| Q2 25 | 25.6% | 5.2% | ||
| Q1 25 | 10.3% | 4.2% | ||
| Q4 24 | 14.0% | 2.4% | ||
| Q3 24 | 19.7% | 4.3% | ||
| Q2 24 | 19.2% | 1.1% |
| Q1 26 | $0.12 | — | ||
| Q4 25 | $0.09 | $0.18 | ||
| Q3 25 | $0.35 | $0.16 | ||
| Q2 25 | $0.53 | $0.13 | ||
| Q1 25 | $0.07 | $0.09 | ||
| Q4 24 | $0.50 | $0.09 | ||
| Q3 24 | $0.20 | $0.07 | ||
| Q2 24 | $0.43 | $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 | $9.1B | $2.1B |
| Total Assets | $53.4B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $1.8B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.6B | $1.2B | ||
| Q1 25 | $1.5B | $1.0B | ||
| Q4 24 | $1.5B | $903.0M | ||
| Q3 24 | $1.6B | $761.0M | ||
| Q2 24 | $1.2B | $691.0M |
| Q1 26 | — | — | ||
| Q4 25 | $35.4B | — | ||
| Q3 25 | $32.2B | — | ||
| Q2 25 | $31.2B | — | ||
| Q1 25 | $32.2B | — | ||
| Q4 24 | $32.6B | — | ||
| Q3 24 | $29.6B | — | ||
| Q2 24 | $30.1B | — |
| Q1 26 | $9.1B | — | ||
| Q4 25 | $8.4B | $2.1B | ||
| Q3 25 | $8.5B | $2.0B | ||
| Q2 25 | $7.9B | $1.8B | ||
| Q1 25 | $7.8B | $1.7B | ||
| Q4 24 | $7.8B | $1.5B | ||
| Q3 24 | $7.7B | $1.4B | ||
| Q2 24 | $7.3B | $1.3B |
| Q1 26 | $53.4B | — | ||
| Q4 25 | $53.1B | $3.1B | ||
| Q3 25 | $47.2B | $3.0B | ||
| Q2 25 | $44.3B | $2.8B | ||
| Q1 25 | $45.3B | $2.6B | ||
| Q4 24 | $46.0B | $2.4B | ||
| Q3 24 | $42.3B | $2.2B | ||
| Q2 24 | $42.0B | $2.2B |
| Q1 26 | — | — | ||
| Q4 25 | 4.20× | — | ||
| Q3 25 | 3.79× | — | ||
| Q2 25 | 3.92× | — | ||
| Q1 25 | 4.14× | — | ||
| Q4 24 | 4.18× | — | ||
| Q3 24 | 3.87× | — | ||
| Q2 24 | 4.10× | — |
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 | $-114.6M | $194.0M | ||
| Q3 25 | $-2.0B | $165.0M | ||
| Q2 25 | $-557.1M | $223.0M | ||
| Q1 25 | $1.4B | $79.0M | ||
| Q4 24 | $-1.8B | $147.0M | ||
| Q3 24 | $768.1M | $109.0M | ||
| Q2 24 | $-55.7M | $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 | -1.35× | 1.92× | ||
| Q3 25 | -9.22× | 1.57× | ||
| Q2 25 | -1.79× | 2.79× | ||
| Q1 25 | 18.03× | 1.41× | ||
| Q4 24 | -6.04× | 4.59× | ||
| Q3 24 | 6.31× | 1.95× | ||
| Q2 24 | -0.24× | 8.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
RITM
| Servicing revenue, net | $375.1M | 45% |
| Other | $234.9M | 28% |
| Gain on originated residential mortgage loans, held-for-sale, net | $195.0M | 24% |
| Other revenue | $23.3M | 3% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
