Toast Valuation Multiples

Toast Overview

About Toast

Toast Inc is a cloud-based, all-in-one digital technology platform purpose-built for the restaurant community. The company provides a comprehensive platform of software-as-a-service (SaaS) products and financial technology solutions, including integrated payment processing, restaurant-grade hardware, and a broad ecosystem of third-party partners. It serves as a restaurant operating system, connecting front of house and back of house operations across service models such as dine-in, takeout, and delivery. It operates through one reportable segment consisting of its SaaS products, financial technology solutions, integrated payments, hardware, and partner ecosystem.

Founded

2011

HQ

Employees

6.5K

Website

toasttab.com

Sectors

Payments POSPOS & Retail Management SoftwareB2B SaaSFinTechRetailTechVertical SaaS

Financials (LTM)

Revenue: $7B

EBITDA: $683M

EV

$15B

Valuation Multiples

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Toast Financials

Toast reported last 12-month revenue of $7B and EBITDA of $683M.

In the same LTM period, Toast generated $2B in gross profit, $683M in EBITDA, and $385M in net income.

Toast P&L

In the most recent fiscal year, Toast reported revenue of $6B and EBITDA of $633M.

Toast expects next 12-month revenue of XXX and NTM EBITDA of XXX

Toast Stock Performance

Toast has current market cap of $17B, and enterprise value of $15B.

Toast's stock price is $29.08.

Toast Valuation Multiples

Toast trades at 2.3x EV/Revenue multiple, and 22.2x EV/EBITDA.

Toast Financial Valuation Multiples

As of April 20, 2026, Toast has market cap of $17B and EV of $15B.

Equity research analysts estimate Toast's 2025E EV/Revenue multiple at XXX and 2025E EV/EBITDA multiple at XXX

Toast has a P/E ratio of 44.5x.

Toast Margins & Growth Rates

Toast's revenue in the last 12 month grew by 20%.

Toast's revenue per employee in the last FY averaged $0.9M, while opex per employee averaged $0.2M for the same period.

Toast's rule of 40 is 31% (metric relevant for SaaS companies only, counted as combined revenue growth rate and EBITDA margin).

Toast's rule of X is 61% (created by Bessemer, rule of X is another metric to measure SaaS companies, ~1.5x stronger vs. the traditional Rule of 40, counted as revenue growth rate multiplied by 2.5 plus EBITDA margin).

Toast Public Comps

See public comps and valuation multiples for other Payments POS and POS & Retail Management Software comps.

Toast M&A Activity

Toast acquired XXX companies to date.

Last acquisition by Toast was on XXXXXXXX, XXXXX. Toast acquired XXXXXXXX for XXX (EV/Revenue multiple of XXX).

Toast Investment Activity

Toast invested in XXX companies to date.

Toast made its latest investment on XXXXXXXX, XXXXX. Toast invested in XXXXXXXX for XXX (EV/Revenue multiple of XXX).