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Side-by-side financial comparison of StoneX Group Inc. (SNEX) 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 $1.2B, roughly 1.4× StoneX Group Inc.). StoneX Group Inc. runs the higher net margin — 11.6% vs 6.2%, a 5.4% gap on every dollar of revenue. On growth, StoneX Group Inc. posted the faster year-over-year revenue change (81.0% vs 22.0%). Toast, Inc. produced more free cash flow last quarter ($178.0M vs $-1.3B). Over the past eight quarters, StoneX Group Inc.'s revenue compounded faster (53.5% CAGR vs 23.3%).
StoneX Group Inc. is an American financial services company. The company operates in six areas: commercial hedging, global payments, securities, physical commodities, foreign exchange and clearing and execution services (CES).
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.
SNEX vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.2B | $1.6B |
| Net Profit | $139.0M | $101.0M |
| Gross Margin | — | 25.9% |
| Operating Margin | 15.4% | 5.2% |
| Net Margin | 11.6% | 6.2% |
| Revenue YoY | 81.0% | 22.0% |
| Net Profit YoY | 63.3% | 215.6% |
| EPS (diluted) | $2.50 | $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 | $1.2B | $1.6B | ||
| Q3 25 | $32.7B | $1.6B | ||
| Q2 25 | $851.2M | $1.6B | ||
| Q1 25 | $820.4M | $1.3B | ||
| Q4 24 | $663.1M | $1.3B | ||
| Q3 24 | $31.1B | $1.3B | ||
| Q2 24 | $571.8M | $1.2B | ||
| Q1 24 | $509.2M | $1.1B |
| Q4 25 | $139.0M | $101.0M | ||
| Q3 25 | $85.7M | $105.0M | ||
| Q2 25 | $63.4M | $80.0M | ||
| Q1 25 | $71.7M | $56.0M | ||
| Q4 24 | $85.1M | $32.0M | ||
| Q3 24 | $76.7M | $56.0M | ||
| Q2 24 | $61.9M | $14.0M | ||
| Q1 24 | $53.1M | $-83.0M |
| Q4 25 | — | 25.9% | ||
| Q3 25 | 3.7% | 26.5% | ||
| Q2 25 | — | 25.3% | ||
| Q1 25 | — | 25.9% | ||
| Q4 24 | — | 24.9% | ||
| Q3 24 | 3.0% | 24.7% | ||
| Q2 24 | — | 23.0% | ||
| Q1 24 | — | 23.2% |
| Q4 25 | 15.4% | 5.2% | ||
| Q3 25 | 0.3% | 5.1% | ||
| Q2 25 | -1.3% | 5.2% | ||
| Q1 25 | -1.0% | 3.2% | ||
| Q4 24 | -3.2% | 2.5% | ||
| Q3 24 | -0.0% | 2.6% | ||
| Q2 24 | -4.7% | 0.4% | ||
| Q1 24 | -2.5% | -5.2% |
| Q4 25 | 11.6% | 6.2% | ||
| Q3 25 | 0.3% | 6.4% | ||
| Q2 25 | 7.4% | 5.2% | ||
| Q1 25 | 8.7% | 4.2% | ||
| Q4 24 | 12.8% | 2.4% | ||
| Q3 24 | 0.2% | 4.3% | ||
| Q2 24 | 10.8% | 1.1% | ||
| Q1 24 | 10.4% | -7.7% |
| Q4 25 | $2.50 | $0.18 | ||
| Q3 25 | $0.72 | $0.16 | ||
| Q2 25 | $1.22 | $0.13 | ||
| Q1 25 | $1.41 | $0.09 | ||
| Q4 24 | $1.69 | $0.09 | ||
| Q3 24 | $2.32 | $0.07 | ||
| Q2 24 | $1.25 | $0.02 | ||
| Q1 24 | $1.09 | $-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 | $1.6B | $1.4B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.5B | $2.1B |
| Total Assets | $47.8B | $3.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.6B | $1.4B | ||
| Q3 25 | $1.6B | $1.4B | ||
| Q2 25 | $1.3B | $1.2B | ||
| Q1 25 | $1.3B | $1.0B | ||
| Q4 24 | $1.4B | $903.0M | ||
| Q3 24 | $1.3B | $761.0M | ||
| Q2 24 | $1.2B | $691.0M | ||
| Q1 24 | $1.3B | $578.0M |
| Q4 25 | $2.5B | $2.1B | ||
| Q3 25 | $2.4B | $2.0B | ||
| Q2 25 | $2.0B | $1.8B | ||
| Q1 25 | $1.9B | $1.7B | ||
| Q4 24 | $1.8B | $1.5B | ||
| Q3 24 | $1.7B | $1.4B | ||
| Q2 24 | $1.6B | $1.3B | ||
| Q1 24 | $1.5B | $1.2B |
| Q4 25 | $47.8B | $3.1B | ||
| Q3 25 | $45.3B | $3.0B | ||
| Q2 25 | $34.3B | $2.8B | ||
| Q1 25 | $31.3B | $2.6B | ||
| Q4 24 | $29.6B | $2.4B | ||
| Q3 24 | $27.5B | $2.2B | ||
| Q2 24 | $25.9B | $2.2B | ||
| Q1 24 | $25.7B | $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 | $-1.3B | $194.0M |
| Free Cash FlowOCF − Capex | $-1.3B | $178.0M |
| FCF MarginFCF / Revenue | -106.4% | 10.9% |
| Capex IntensityCapex / Revenue | 1.3% | 1.0% |
| Cash ConversionOCF / Net Profit | -9.08× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | $3.5B | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-1.3B | $194.0M | ||
| Q3 25 | $3.5B | $165.0M | ||
| Q2 25 | $1.5B | $223.0M | ||
| Q1 25 | $-154.5M | $79.0M | ||
| Q4 24 | $-477.8M | $147.0M | ||
| Q3 24 | $192.6M | $109.0M | ||
| Q2 24 | $-622.1M | $124.0M | ||
| Q1 24 | $784.0M | $-20.0M |
| Q4 25 | $-1.3B | $178.0M | ||
| Q3 25 | $3.5B | $153.0M | ||
| Q2 25 | $1.5B | $208.0M | ||
| Q1 25 | $-169.8M | $69.0M | ||
| Q4 24 | $-491.4M | $134.0M | ||
| Q3 24 | $175.9M | $97.0M | ||
| Q2 24 | $-640.5M | $108.0M | ||
| Q1 24 | $766.6M | $-33.0M |
| Q4 25 | -106.4% | 10.9% | ||
| Q3 25 | 10.7% | 9.4% | ||
| Q2 25 | 173.3% | 13.4% | ||
| Q1 25 | -20.7% | 5.2% | ||
| Q4 24 | -74.1% | 10.0% | ||
| Q3 24 | 0.6% | 7.4% | ||
| Q2 24 | -112.0% | 8.7% | ||
| Q1 24 | 150.5% | -3.1% |
| Q4 25 | 1.3% | 1.0% | ||
| Q3 25 | 0.1% | 0.7% | ||
| Q2 25 | 1.9% | 1.0% | ||
| Q1 25 | 1.9% | 0.7% | ||
| Q4 24 | 2.1% | 1.0% | ||
| Q3 24 | 0.1% | 0.9% | ||
| Q2 24 | 3.2% | 1.3% | ||
| Q1 24 | 3.4% | 1.2% |
| Q4 25 | -9.08× | 1.92× | ||
| Q3 25 | 41.18× | 1.57× | ||
| Q2 25 | 23.52× | 2.79× | ||
| Q1 25 | -2.15× | 1.41× | ||
| Q4 24 | -5.61× | 4.59× | ||
| Q3 24 | 2.51× | 1.95× | ||
| Q2 24 | -10.05× | 8.86× | ||
| Q1 24 | 14.76× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SNEX
Segment breakdown not available.
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
