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Side-by-side financial comparison of SS&C Technologies Holdings Inc (SSNC) and Toast, Inc. (TOST). Click either name above to swap in a different company.
SS&C Technologies Holdings Inc is the larger business by last-quarter revenue ($1.6B vs $1.6B, roughly 1.0× Toast, Inc.). SS&C Technologies Holdings Inc runs the higher net margin — 13.7% vs 6.2%, a 7.5% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 8.8%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs 6.5%).
SS&C Technologies Holdings, Inc. is an American multinational holding company headquartered in Windsor, Connecticut, that sells software and software as a service to the financial services industry. The company has offices in the Americas, Europe, Asia, Africa and Australia.
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.
SSNC vs TOST — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.6B |
| Net Profit | $226.1M | $101.0M |
| Gross Margin | 48.7% | 25.9% |
| Operating Margin | 24.2% | 5.2% |
| Net Margin | 13.7% | 6.2% |
| Revenue YoY | 8.8% | 22.0% |
| Net Profit YoY | 6.2% | 215.6% |
| EPS (diluted) | $0.91 | $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 | $1.6B | — | ||
| Q4 25 | $1.7B | $1.6B | ||
| Q3 25 | $1.6B | $1.6B | ||
| Q2 25 | $1.5B | $1.6B | ||
| Q1 25 | $1.5B | $1.3B | ||
| Q4 24 | $1.5B | $1.3B | ||
| Q3 24 | $1.5B | $1.3B | ||
| Q2 24 | $1.5B | $1.2B |
| Q1 26 | $226.1M | — | ||
| Q4 25 | $193.1M | $101.0M | ||
| Q3 25 | $210.0M | $105.0M | ||
| Q2 25 | $180.8M | $80.0M | ||
| Q1 25 | $213.0M | $56.0M | ||
| Q4 24 | $248.2M | $32.0M | ||
| Q3 24 | $164.4M | $56.0M | ||
| Q2 24 | $190.3M | $14.0M |
| Q1 26 | 48.7% | — | ||
| Q4 25 | 47.8% | 25.9% | ||
| Q3 25 | 47.7% | 26.5% | ||
| Q2 25 | 48.0% | 25.3% | ||
| Q1 25 | 49.3% | 25.9% | ||
| Q4 24 | 49.3% | 24.9% | ||
| Q3 24 | 48.0% | 24.7% | ||
| Q2 24 | 48.1% | 23.0% |
| Q1 26 | 24.2% | — | ||
| Q4 25 | 22.3% | 5.2% | ||
| Q3 25 | 23.3% | 5.1% | ||
| Q2 25 | 22.4% | 5.2% | ||
| Q1 25 | 23.6% | 3.2% | ||
| Q4 24 | 23.4% | 2.5% | ||
| Q3 24 | 22.2% | 2.6% | ||
| Q2 24 | 22.6% | 0.4% |
| Q1 26 | 13.7% | — | ||
| Q4 25 | 11.7% | 6.2% | ||
| Q3 25 | 13.4% | 6.4% | ||
| Q2 25 | 11.8% | 5.2% | ||
| Q1 25 | 14.1% | 4.2% | ||
| Q4 24 | 16.2% | 2.4% | ||
| Q3 24 | 11.2% | 4.3% | ||
| Q2 24 | 13.1% | 1.1% |
| Q1 26 | $0.91 | — | ||
| Q4 25 | $0.76 | $0.18 | ||
| Q3 25 | $0.83 | $0.16 | ||
| Q2 25 | $0.72 | $0.13 | ||
| Q1 25 | $0.84 | $0.09 | ||
| Q4 24 | $0.98 | $0.09 | ||
| Q3 24 | $0.65 | $0.07 | ||
| Q2 24 | $0.75 | $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 | $420.9M | $1.4B |
| Total DebtLower is stronger | $7.4B | — |
| Stockholders' EquityBook value | $6.9B | $2.1B |
| Total Assets | $20.3B | $3.1B |
| Debt / EquityLower = less leverage | 1.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $420.9M | — | ||
| Q4 25 | $462.1M | $1.4B | ||
| Q3 25 | $388.3M | $1.4B | ||
| Q2 25 | $480.3M | $1.2B | ||
| Q1 25 | $515.0M | $1.0B | ||
| Q4 24 | $567.1M | $903.0M | ||
| Q3 24 | $694.7M | $761.0M | ||
| Q2 24 | $462.7M | $691.0M |
| Q1 26 | $7.4B | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $6.9B | — | ||
| Q4 25 | $6.9B | $2.1B | ||
| Q3 25 | $6.9B | $2.0B | ||
| Q2 25 | $6.9B | $1.8B | ||
| Q1 25 | $6.8B | $1.7B | ||
| Q4 24 | $6.5B | $1.5B | ||
| Q3 24 | $6.8B | $1.4B | ||
| Q2 24 | $6.4B | $1.3B |
| Q1 26 | $20.3B | — | ||
| Q4 25 | $20.7B | $3.1B | ||
| Q3 25 | $19.5B | $3.0B | ||
| Q2 25 | $19.0B | $2.8B | ||
| Q1 25 | $20.4B | $2.6B | ||
| Q4 24 | $19.0B | $2.4B | ||
| Q3 24 | $18.4B | $2.2B | ||
| Q2 24 | $16.9B | $2.2B |
| Q1 26 | 1.08× | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 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 | $299.7M | $194.0M |
| Free Cash FlowOCF − Capex | — | $178.0M |
| FCF MarginFCF / Revenue | — | 10.9% |
| Capex IntensityCapex / Revenue | 0.0% | 1.0% |
| Cash ConversionOCF / Net Profit | 1.33× | 1.92× |
| TTM Free Cash FlowTrailing 4 quarters | — | $608.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $299.7M | — | ||
| Q4 25 | $643.5M | $194.0M | ||
| Q3 25 | $456.2M | $165.0M | ||
| Q2 25 | $372.9M | $223.0M | ||
| Q1 25 | $272.2M | $79.0M | ||
| Q4 24 | $486.6M | $147.0M | ||
| Q3 24 | $336.6M | $109.0M | ||
| Q2 24 | $384.9M | $124.0M |
| Q1 26 | — | — | ||
| Q4 25 | $633.0M | $178.0M | ||
| Q3 25 | $421.5M | $153.0M | ||
| Q2 25 | $350.0M | $208.0M | ||
| Q1 25 | $259.5M | $69.0M | ||
| Q4 24 | $466.9M | $134.0M | ||
| Q3 24 | $310.7M | $97.0M | ||
| Q2 24 | $374.9M | $108.0M |
| Q1 26 | — | — | ||
| Q4 25 | 38.3% | 10.9% | ||
| Q3 25 | 26.9% | 9.4% | ||
| Q2 25 | 22.8% | 13.4% | ||
| Q1 25 | 17.1% | 5.2% | ||
| Q4 24 | 30.5% | 10.0% | ||
| Q3 24 | 21.2% | 7.4% | ||
| Q2 24 | 25.8% | 8.7% |
| Q1 26 | 0.0% | — | ||
| Q4 25 | 0.6% | 1.0% | ||
| Q3 25 | 2.2% | 0.7% | ||
| Q2 25 | 1.5% | 1.0% | ||
| Q1 25 | 0.8% | 0.7% | ||
| Q4 24 | 1.3% | 1.0% | ||
| Q3 24 | 1.8% | 0.9% | ||
| Q2 24 | 0.7% | 1.3% |
| Q1 26 | 1.33× | — | ||
| Q4 25 | 3.33× | 1.92× | ||
| Q3 25 | 2.17× | 1.57× | ||
| Q2 25 | 2.06× | 2.79× | ||
| Q1 25 | 1.28× | 1.41× | ||
| Q4 24 | 1.96× | 4.59× | ||
| Q3 24 | 2.05× | 1.95× | ||
| Q2 24 | 2.02× | 8.86× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SSNC
| Technology-enabled services | $1.4B | 85% |
| License, maintenance and related | $239.8M | 15% |
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
