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Side-by-side financial comparison of Toast, Inc. (TOST) and XPO, Inc. (XPO). Click either name above to swap in a different company.
XPO, Inc. is the larger business by last-quarter revenue ($2.0B vs $1.6B, roughly 1.2× Toast, Inc.). Toast, Inc. runs the higher net margin — 6.2% vs 2.9%, a 3.3% gap on every dollar of revenue. On growth, Toast, Inc. posted the faster year-over-year revenue change (22.0% vs 4.7%). Over the past eight quarters, Toast, Inc.'s revenue compounded faster (23.3% CAGR vs -0.1%).
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.
XPO, Inc., formerly XPO Logistics, is an American transportation company that conducts less-than-truckload shipping in North America. The company has headquarters in Greenwich, Connecticut, and has 592 locations globally. XPO is the second largest provider of less-than-truckload (LTL) services in North America, operating in 99 percent of all U.S. postal codes.
TOST vs XPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $1.6B | $2.0B |
| Net Profit | $101.0M | $59.0M |
| Gross Margin | 25.9% | — |
| Operating Margin | 5.2% | 7.1% |
| Net Margin | 6.2% | 2.9% |
| Revenue YoY | 22.0% | 4.7% |
| Net Profit YoY | 215.6% | -21.3% |
| EPS (diluted) | $0.18 | $0.49 |
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 | $1.6B | $2.0B | ||
| Q3 25 | $1.6B | $2.1B | ||
| Q2 25 | $1.6B | $2.1B | ||
| Q1 25 | $1.3B | $2.0B | ||
| Q4 24 | $1.3B | $1.9B | ||
| Q3 24 | $1.3B | $2.1B | ||
| Q2 24 | $1.2B | $2.1B | ||
| Q1 24 | $1.1B | $2.0B |
| Q4 25 | $101.0M | $59.0M | ||
| Q3 25 | $105.0M | $82.0M | ||
| Q2 25 | $80.0M | $106.0M | ||
| Q1 25 | $56.0M | $69.0M | ||
| Q4 24 | $32.0M | $75.0M | ||
| Q3 24 | $56.0M | $95.0M | ||
| Q2 24 | $14.0M | $150.0M | ||
| Q1 24 | $-83.0M | $67.0M |
| 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 24 | 23.2% | — |
| Q4 25 | 5.2% | 7.1% | ||
| Q3 25 | 5.1% | 7.8% | ||
| Q2 25 | 5.2% | 9.5% | ||
| Q1 25 | 3.2% | 7.7% | ||
| Q4 24 | 2.5% | 7.8% | ||
| Q3 24 | 2.6% | 8.6% | ||
| Q2 24 | 0.4% | 9.5% | ||
| Q1 24 | -5.2% | 6.8% |
| Q4 25 | 6.2% | 2.9% | ||
| Q3 25 | 6.4% | 3.9% | ||
| Q2 25 | 5.2% | 5.1% | ||
| Q1 25 | 4.2% | 3.5% | ||
| Q4 24 | 2.4% | 3.9% | ||
| Q3 24 | 4.3% | 4.6% | ||
| Q2 24 | 1.1% | 7.2% | ||
| Q1 24 | -7.7% | 3.3% |
| Q4 25 | $0.18 | $0.49 | ||
| Q3 25 | $0.16 | $0.68 | ||
| Q2 25 | $0.13 | $0.89 | ||
| Q1 25 | $0.09 | $0.58 | ||
| Q4 24 | $0.09 | $0.63 | ||
| Q3 24 | $0.07 | $0.79 | ||
| Q2 24 | $0.02 | $1.25 | ||
| Q1 24 | $-0.15 | $0.56 |
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 | $310.0M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.1B | $1.9B |
| Total Assets | $3.1B | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.4B | $310.0M | ||
| Q3 25 | $1.4B | $335.0M | ||
| Q2 25 | $1.2B | $225.0M | ||
| Q1 25 | $1.0B | $212.0M | ||
| Q4 24 | $903.0M | $246.0M | ||
| Q3 24 | $761.0M | $378.0M | ||
| Q2 24 | $691.0M | $250.0M | ||
| Q1 24 | $578.0M | $229.0M |
| Q4 25 | $2.1B | $1.9B | ||
| Q3 25 | $2.0B | $1.8B | ||
| Q2 25 | $1.8B | $1.8B | ||
| Q1 25 | $1.7B | $1.6B | ||
| Q4 24 | $1.5B | $1.6B | ||
| Q3 24 | $1.4B | $1.6B | ||
| Q2 24 | $1.3B | $1.5B | ||
| Q1 24 | $1.2B | $1.3B |
| Q4 25 | $3.1B | $8.2B | ||
| Q3 25 | $3.0B | $8.2B | ||
| Q2 25 | $2.8B | $8.1B | ||
| Q1 25 | $2.6B | $7.9B | ||
| Q4 24 | $2.4B | $7.7B | ||
| Q3 24 | $2.2B | $7.9B | ||
| Q2 24 | $2.2B | $7.7B | ||
| Q1 24 | $2.1B | $7.6B |
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% | 5.3% |
| Cash ConversionOCF / Net Profit | 1.92× | — |
| TTM Free Cash FlowTrailing 4 quarters | $608.0M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $194.0M | — | ||
| Q3 25 | $165.0M | $371.0M | ||
| Q2 25 | $223.0M | $247.0M | ||
| Q1 25 | $79.0M | $142.0M | ||
| Q4 24 | $147.0M | $189.0M | ||
| Q3 24 | $109.0M | $264.0M | ||
| Q2 24 | $124.0M | $210.0M | ||
| Q1 24 | $-20.0M | $145.0M |
| Q4 25 | $178.0M | — | ||
| Q3 25 | $153.0M | $215.0M | ||
| Q2 25 | $208.0M | $51.0M | ||
| Q1 25 | $69.0M | $-57.0M | ||
| Q4 24 | $134.0M | $23.0M | ||
| Q3 24 | $97.0M | $137.0M | ||
| Q2 24 | $108.0M | $20.0M | ||
| Q1 24 | $-33.0M | $-161.0M |
| Q4 25 | 10.9% | — | ||
| Q3 25 | 9.4% | 10.2% | ||
| Q2 25 | 13.4% | 2.5% | ||
| Q1 25 | 5.2% | -2.9% | ||
| Q4 24 | 10.0% | 1.2% | ||
| Q3 24 | 7.4% | 6.7% | ||
| Q2 24 | 8.7% | 1.0% | ||
| Q1 24 | -3.1% | -8.0% |
| Q4 25 | 1.0% | 5.3% | ||
| Q3 25 | 0.7% | 7.4% | ||
| Q2 25 | 1.0% | 9.4% | ||
| Q1 25 | 0.7% | 10.2% | ||
| Q4 24 | 1.0% | 8.6% | ||
| Q3 24 | 0.9% | 6.2% | ||
| Q2 24 | 1.3% | 9.1% | ||
| Q1 24 | 1.2% | 15.2% |
| Q4 25 | 1.92× | — | ||
| Q3 25 | 1.57× | 4.52× | ||
| Q2 25 | 2.79× | 2.33× | ||
| Q1 25 | 1.41× | 2.06× | ||
| Q4 24 | 4.59× | 2.52× | ||
| Q3 24 | 1.95× | 2.78× | ||
| Q2 24 | 8.86× | 1.40× | ||
| Q1 24 | — | 2.16× |
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% |
XPO
| North American LTL | $1.2B | 58% |
| European Transportation | $844.0M | 42% |
