Companies: 10,795·Total market cap: $144.5T
Toast, Inc.

Toast, Inc.

TOSTNYSETechnology● Active
$24.16
$-0.48(-1.95%)
Market Cap$14.0B
P/E Ratio—
52W High$49.66
52W Low$22.26
Free Cash FlowFinancialsRevenue

Toast, Inc. (TOST) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

TOST · free cash flow · updated Jun 8, 2026

Core FCF metrics

Free cash flow was $608.0M for FY2025 (fiscal year ending 2025-12-31), up 98.7% year-over-year The FCF margin was 9.9%.

FY2025 Free Cash Flow$608.0M▲ +98.7% YoY
Trailing 12M (TTM)$654.0Mtrailing 4 quarters sum
FCF Margin9.9%$608.0M ÷ revenue
3-Year CAGRN/AN/A — contains negative FCF
5-Year CAGRN/AN/A — contains negative FCF
FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0
Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

Positive FCFNegative FCF
Free Cash Flow
YoY Growth %
tost free cash flow history · tost free cash flow chart · tost free cash flow growth rate · tost free cash flow last 10 years

Annual free cash flow data

Fiscal YearFree Cash FlowYoY ChangeFCF Margin
FY2025Latest$608.0M▲ +98.7%9.9%
FY2024$306.0M▲ +229.0%6.2%
FY2023$93.0M▲ +149.2%2.4%
FY2022−$189.0M▼ 1011.8%-6.9%
FY2021−$17.0M▲ +89.4%-1.0%
FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP
tost free cash flow 2025 · tost free cash flow 2024 · tost free cash flow 2023 · tost operating cash flow

FCF valuation metrics

Toast, Inc. (TOST) trades at a FCF yield of 4.66% and a price-to-free-cash-flow ratio of 21.6x. FCF per share stands at $1.12, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)
4.66%
Free Cash Flow ÷ Market Cap
per FMP freeCashFlowYieldTTM definition
FCF per Share (TTM)
$1.12
TTM FCF ÷ Shares Outstanding
Price / FCF
x21.6
Share Price ÷ FCF per Share
EV / FCF (TTM)
x19.8
Enterprise Value basis
Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31
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Cash flow statement summary

For FY2025, Toast, Inc. generated $661.0M in operating cash flow and spent 53M in capital expenditures, yielding $608.0M in free cash flow.

Operating Activities
+$661.0M
Cash from core business operations
2025-12-31
Investing Activities
−$172.0M
CapEx, acquisitions & investments
2025-12-31
Financing Activities
+$7.0M
Buybacks, dividends & debt
2025-12-31
FCF FormulaOperating CF ($661.0M) − |CapEx| (53M) = FCF ($608.0M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →
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Free cash flow vs peers (Technology)

#CompanyFree Cash FlowYoY
#1
Toast, Inc.
Toast, Inc.YOU
TOST
$608.0M+98.7%
#2
Taiwan Semiconductor Manufacturing Company Limited
Taiwan Semiconductor Manufacturing Company Limited
TSM
$1.10T+26.1%#3
Apple Inc.
Apple Inc.
AAPL
$98.77B-9.2%#4
NVIDIA Corporation
NVIDIA Corporation
NVDA
$96.68B+58.9%#5
Microsoft Corporation
Microsoft Corporation
MSFT
$71.61B-3.3%#6
Broadcom Inc.
Broadcom Inc.
AVGO
$26.91B+38.6%
Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Toast, Inc. (TOST) reported free cash flow of $608.0M for FY2025 (fiscal year ending 2025-12-31), up 98.7% year-over-year. The FCF margin was 9.9%.

Based on available data, Toast, Inc. has maintained positive free cash flow for at least 3 fiscal year(s). FCF peaked at $608.0M in FY2025.

Toast, Inc.'s FCF yield is 4.66% and price-to-FCF ratio is 21.6x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.
RevenueFinancial statementsNet incomeEarningsForecastPrice historyMarket capCash on handP/E ratio

Frequently asked questions

TOST free cash flow · 8 questions

Toast, Inc. free cash flow was $608.0M for FY2025, up 98.7% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $654.0M.

TOST free cash flowTOST FCFTOST FCF 2025TOST free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Toast, Inc. · Toast, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026