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Side-by-side financial comparison of Toast, Inc. (TOST) and VALMONT INDUSTRIES INC (VMI). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $1.0B, roughly 1.6× VALMONT INDUSTRIES INC). VALMONT INDUSTRIES INC runs the higher net margin — 10.5% vs 6.2%, a 4.3% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 6.2%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs -0.5%).
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.
Valmont Industries, Inc. is a large, publicly held American manufacturer of Valley center pivot and linear irrigation equipment, windmill support structures, lighting and traffic poles and steel utility poles.
TOST vs VMI — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $1.0B |
| Net Profit | $101.0M | $108.0M |
| Gross Margin | 25.9% | 30.8% |
| Operating Margin | 5.2% | 15.1% |
| Net Margin | 6.2% | 10.5% |
| Revenue YoY | 22.0% | 6.2% |
| Net Profit YoY | 215.6% | 23.8% |
| EPS (diluted) | $0.18 | $5.51 |
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 | — | $1.0B | ||
| Q4 25 | $1.6B | $1.0B | ||
| Q3 25 | $1.6B | $1.0B | ||
| Q2 25 | $1.6B | $1.1B | ||
| Q1 25 | $1.3B | $969.3M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $1.0B | ||
| Q2 24 | $1.2B | $1.0B |
| Q1 26 | — | $108.0M | ||
| Q4 25 | $101.0M | $168.0M | ||
| Q3 25 | $105.0M | $99.0M | ||
| Q2 25 | $80.0M | $-4.0M | ||
| Q1 25 | $56.0M | $87.3M | ||
| Q4 24 | $32.0M | $77.7M | ||
| Q3 24 | $56.0M | $83.1M | ||
| Q2 24 | $14.0M | $99.7M |
| Q1 26 | — | 30.8% | ||
| Q4 25 | 25.9% | 29.8% | ||
| Q3 25 | 26.5% | 30.4% | ||
| Q2 25 | 25.3% | 30.6% | ||
| Q1 25 | 25.9% | 30.0% | ||
| Q4 24 | 24.9% | 30.2% | ||
| Q3 24 | 24.7% | 29.6% | ||
| Q2 24 | 23.0% | 30.8% |
| Q1 26 | — | 15.1% | ||
| Q4 25 | 5.2% | 11.2% | ||
| Q3 25 | 5.1% | 13.5% | ||
| Q2 25 | 5.2% | 2.8% | ||
| Q1 25 | 3.2% | 13.2% | ||
| Q4 24 | 2.5% | 11.6% | ||
| Q3 24 | 2.6% | 12.3% | ||
| Q2 24 | 0.4% | 14.2% |
| Q1 26 | — | 10.5% | ||
| Q4 25 | 6.2% | 16.2% | ||
| Q3 25 | 6.4% | 9.5% | ||
| Q2 25 | 5.2% | -0.4% | ||
| Q1 25 | 4.2% | 9.0% | ||
| Q4 24 | 2.4% | 7.5% | ||
| Q3 24 | 4.3% | 8.1% | ||
| Q2 24 | 1.1% | 9.6% |
| Q1 26 | — | $5.51 | ||
| Q4 25 | $0.18 | $9.02 | ||
| Q3 25 | $0.16 | $4.98 | ||
| Q2 25 | $0.13 | $-1.53 | ||
| Q1 25 | $0.09 | $4.32 | ||
| Q4 24 | $0.09 | $3.85 | ||
| Q3 24 | $0.07 | $4.11 | ||
| Q2 24 | $0.02 | $4.91 |
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 | $160.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $1.7B |
| Total Assets | $3.1B | $3.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $160.2M | ||
| Q4 25 | $1.4B | $187.1M | ||
| Q3 25 | $1.4B | $226.1M | ||
| Q2 25 | $1.2B | $208.5M | ||
| Q1 25 | $1.0B | $184.4M | ||
| Q4 24 | $903.0M | $164.3M | ||
| Q3 24 | $761.0M | $200.5M | ||
| Q2 24 | $691.0M | $163.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | $795.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $730.6M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $1.7B | ||
| Q4 25 | $2.1B | $1.6B | ||
| Q3 25 | $2.0B | $1.6B | ||
| Q2 25 | $1.8B | $1.5B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.5B | $1.5B | ||
| Q3 24 | $1.4B | $1.5B | ||
| Q2 24 | $1.3B | $1.5B |
| Q1 26 | — | $3.4B | ||
| Q4 25 | $3.1B | $3.4B | ||
| Q3 25 | $3.0B | $3.4B | ||
| Q2 25 | $2.8B | $3.3B | ||
| Q1 25 | $2.6B | $3.4B | ||
| Q4 24 | $2.4B | $3.3B | ||
| Q3 24 | $2.2B | $3.5B | ||
| Q2 24 | $2.2B | $3.5B |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.49× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.47× | ||
| 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 | $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 | $194.0M | $111.2M | ||
| Q3 25 | $165.0M | $112.5M | ||
| Q2 25 | $223.0M | $167.6M | ||
| Q1 25 | $79.0M | $65.1M | ||
| Q4 24 | $147.0M | $193.4M | ||
| Q3 24 | $109.0M | $225.1M | ||
| Q2 24 | $124.0M | $130.8M |
| Q1 26 | — | — | ||
| Q4 25 | $178.0M | $70.4M | ||
| Q3 25 | $153.0M | $70.6M | ||
| Q2 25 | $208.0M | $135.6M | ||
| Q1 25 | $69.0M | $34.8M | ||
| Q4 24 | $134.0M | $167.8M | ||
| Q3 24 | $97.0M | $204.6M | ||
| Q2 24 | $108.0M | $112.5M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 6.8% | ||
| Q3 25 | 9.4% | 6.7% | ||
| Q2 25 | 13.4% | 12.9% | ||
| Q1 25 | 5.2% | 3.6% | ||
| Q4 24 | 10.0% | 16.2% | ||
| Q3 24 | 7.4% | 20.1% | ||
| Q2 24 | 8.7% | 10.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.0% | 3.9% | ||
| Q3 25 | 0.7% | 4.0% | ||
| Q2 25 | 1.0% | 3.0% | ||
| Q1 25 | 0.7% | 3.1% | ||
| Q4 24 | 1.0% | 2.5% | ||
| Q3 24 | 0.9% | 2.0% | ||
| Q2 24 | 1.3% | 1.8% |
| Q1 26 | — | — | ||
| Q4 25 | 1.92× | 0.66× | ||
| Q3 25 | 1.57× | 1.14× | ||
| Q2 25 | 2.79× | — | ||
| Q1 25 | 1.41× | 0.75× | ||
| Q4 24 | 4.59× | 2.49× | ||
| Q3 24 | 1.95× | 2.71× | ||
| Q2 24 | 8.86× | 1.31× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
TOST
| Technology Service | $1.3B | 82% |
| License | $256.0M | 16% |
| Product And Professional Services | $43.0M | 3% |
VMI
| Infrastructure | $803.2M | 78% |
| Agriculture | $226.0M | 22% |
