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Side-by-side financial comparison of Toast, Inc. (TOST) and Western Union CO (WU). Click either name above to swap in a different company.
Toast, Inc. is the larger business by last-quarter revenue ($1.6B vs $982.7M, roughly 1.7× Western Union CO). Western Union CO runs the higher net margin — 6.6% vs 6.2%, a 0.4% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 0.0%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs -1.9%).
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.
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
TOST vs WU — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $982.7M |
| Net Profit | $101.0M | $64.7M |
| Gross Margin | 25.9% | — |
| Operating Margin | 5.2% | 12.5% |
| Net Margin | 6.2% | 6.6% |
| Revenue YoY | 22.0% | 0.0% |
| Net Profit YoY | 215.6% | -47.6% |
| EPS (diluted) | $0.18 | $0.41 |
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 | — | $982.7M | ||
| Q4 25 | $1.6B | $972.0M | ||
| Q3 25 | $1.6B | $985.3M | ||
| Q2 25 | $1.6B | $983.6M | ||
| Q1 25 | $1.3B | $938.7M | ||
| Q4 24 | $1.3B | $1.0B | ||
| Q3 24 | $1.3B | $993.4M | ||
| Q2 24 | $1.2B | $1.0B |
| Q1 26 | — | $64.7M | ||
| Q4 25 | $101.0M | $114.4M | ||
| Q3 25 | $105.0M | $139.6M | ||
| Q2 25 | $80.0M | $122.1M | ||
| Q1 25 | $56.0M | $123.5M | ||
| Q4 24 | $32.0M | $385.7M | ||
| Q3 24 | $56.0M | $264.8M | ||
| Q2 24 | $14.0M | $141.0M |
| Q1 26 | — | — | ||
| Q4 25 | 25.9% | 33.6% | ||
| Q3 25 | 26.5% | 34.7% | ||
| Q2 25 | 25.3% | 34.6% | ||
| Q1 25 | 25.9% | 34.0% | ||
| Q4 24 | 24.9% | 35.0% | ||
| Q3 24 | 24.7% | 34.2% | ||
| Q2 24 | 23.0% | 35.0% |
| Q1 26 | — | 12.5% | ||
| Q4 25 | 5.2% | 19.1% | ||
| Q3 25 | 5.1% | 20.5% | ||
| Q2 25 | 5.2% | 19.6% | ||
| Q1 25 | 3.2% | 18.9% | ||
| Q4 24 | 2.5% | 17.5% | ||
| Q3 24 | 2.6% | 16.6% | ||
| Q2 24 | 0.4% | 18.7% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | 6.2% | 11.8% | ||
| Q3 25 | 6.4% | 14.2% | ||
| Q2 25 | 5.2% | 12.4% | ||
| Q1 25 | 4.2% | 13.2% | ||
| Q4 24 | 2.4% | 37.9% | ||
| Q3 24 | 4.3% | 26.7% | ||
| Q2 24 | 1.1% | 13.8% |
| Q1 26 | — | $0.41 | ||
| Q4 25 | $0.18 | $0.36 | ||
| Q3 25 | $0.16 | $0.43 | ||
| Q2 25 | $0.13 | $0.37 | ||
| Q1 25 | $0.09 | $0.36 | ||
| Q4 24 | $0.09 | $1.14 | ||
| Q3 24 | $0.07 | $0.78 | ||
| Q2 24 | $0.02 | $0.41 |
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 | $909.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $910.5M |
| Total Assets | $3.1B | $8.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $909.2M | ||
| Q4 25 | $1.4B | $1.2B | ||
| Q3 25 | $1.4B | $947.8M | ||
| Q2 25 | $1.2B | $1.0B | ||
| Q1 25 | $1.0B | $1.3B | ||
| Q4 24 | $903.0M | $1.5B | ||
| Q3 24 | $761.0M | $1.1B | ||
| Q2 24 | $691.0M | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.9B | ||
| Q3 25 | — | $2.5B | ||
| Q2 25 | — | $2.5B | ||
| Q1 25 | — | $2.5B | ||
| Q4 24 | — | $3.0B | ||
| Q3 24 | — | $2.1B | ||
| Q2 24 | — | $2.1B |
| Q1 26 | — | $910.5M | ||
| Q4 25 | $2.1B | $957.8M | ||
| Q3 25 | $2.0B | $925.4M | ||
| Q2 25 | $1.8B | $883.6M | ||
| Q1 25 | $1.7B | $939.4M | ||
| Q4 24 | $1.5B | $968.9M | ||
| Q3 24 | $1.4B | $652.7M | ||
| Q2 24 | $1.3B | $440.8M |
| Q1 26 | — | $8.1B | ||
| Q4 25 | $3.1B | $8.3B | ||
| Q3 25 | $3.0B | $7.8B | ||
| Q2 25 | $2.8B | $8.0B | ||
| Q1 25 | $2.6B | $8.3B | ||
| Q4 24 | $2.4B | $8.4B | ||
| Q3 24 | $2.2B | $7.7B | ||
| Q2 24 | $2.2B | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 2.83× | ||
| Q1 25 | — | 2.61× | ||
| Q4 24 | — | 3.04× | ||
| Q3 24 | — | 3.29× | ||
| Q2 24 | — | 4.88× |
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 | $109.0M |
| Free Cash FlowOCF − Capex | $178.0M | — |
| FCF MarginFCF / Revenue | 10.9% | — |
| Capex IntensityCapex / Revenue | 1.0% | 4.8% |
| Cash ConversionOCF / Net Profit | 1.92× | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | $608.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $109.0M | ||
| Q4 25 | $194.0M | $135.4M | ||
| Q3 25 | $165.0M | $260.4M | ||
| Q2 25 | $223.0M | $-300.0K | ||
| Q1 25 | $79.0M | $148.2M | ||
| Q4 24 | $147.0M | $134.0M | ||
| Q3 24 | $109.0M | $212.1M | ||
| Q2 24 | $124.0M | $-33.8M |
| Q1 26 | — | — | ||
| Q4 25 | $178.0M | $115.5M | ||
| Q3 25 | $153.0M | $252.7M | ||
| Q2 25 | $208.0M | $-7.8M | ||
| Q1 25 | $69.0M | $144.8M | ||
| Q4 24 | $134.0M | $119.7M | ||
| Q3 24 | $97.0M | $205.1M | ||
| Q2 24 | $108.0M | $-38.9M |
| Q1 26 | — | — | ||
| Q4 25 | 10.9% | 11.9% | ||
| Q3 25 | 9.4% | 25.6% | ||
| Q2 25 | 13.4% | -0.8% | ||
| Q1 25 | 5.2% | 15.4% | ||
| Q4 24 | 10.0% | 11.8% | ||
| Q3 24 | 7.4% | 20.6% | ||
| Q2 24 | 8.7% | -3.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 1.0% | 2.0% | ||
| Q3 25 | 0.7% | 0.8% | ||
| Q2 25 | 1.0% | 0.8% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | 1.0% | 1.4% | ||
| Q3 24 | 0.9% | 0.7% | ||
| Q2 24 | 1.3% | 0.5% |
| Q1 26 | — | 1.68× | ||
| Q4 25 | 1.92× | 1.18× | ||
| Q3 25 | 1.57× | 1.87× | ||
| Q2 25 | 2.79× | -0.00× | ||
| Q1 25 | 1.41× | 1.20× | ||
| Q4 24 | 4.59× | 0.35× | ||
| Q3 24 | 1.95× | 0.80× | ||
| Q2 24 | 8.86× | -0.24× |
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% |
WU
Segment breakdown not available.
