AZ vs BKNG vs TOST Stock Comparison

A2Z Cust2Mate Solutions, Booking Holdings and Toast Prices as of Oct 23, 2026 Peers: Industry group
BKNG Booking Holdings Inc.
$155.83 0.0% 1M -23.5% 1Y
Market cap
$117.57B
P/E
16.3x
Revenue (TTM)
$28.24B
Div. yield
–
Digital Marketplaces Technology
7 wins
TOST Toast, Inc.
$32.72 +9.7% 1M -15.7% 1Y
Market cap
$18.55B
P/E
38.2x
Revenue (TTM)
$6.80B
Div. yield
–
Restaurant and Retail Software Technology
2 wins

Head to Head

10 decided of 12

Booking Holdings leads on 7 of the 12 questions below (Booking Holdings 7, Toast 2, A2Z Cust2Mate Solutions 1). Which ones matter depends on what you are buying for; a cheap multiple and slow growth often come together.

QuestionAZBKNGTOSTLeader
Larger companyMarket capitalisation $216.21M $117.57B $18.55B BKNG
Cheaper on earningsLower P/E, profitable companies only -6.4x 16.3x 38.2x BKNG
Cheaper on forward earningsLower price / next fiscal year consensus EPS — 14.3x 24.8x BKNG
Faster revenue growthRevenue growth, trailing twelve months +153.0% +12.9% +23.0% AZ
More profitableNet margin, trailing twelve months -236.1% 25.5% 7.1% BKNG
Better return on capitalReturn on invested capital — 75.5% — –
Less leveragedLower net debt / EBITDA 0.3x 0.3x — BKNG
Higher dividend yieldTrailing dividend yield 0.00% 0.00% 0.00% –
Better 1-year returnPrice return, last 12 months -19.5% -23.5% -15.7% TOST
Better 5-year returnAnnualised price return, 5 years -19.7%/yr +10.2%/yr -8.0%/yr BKNG
Less volatileAnnualised volatility, 1 year 72.9% 38.0% 48.0% BKNG
Higher overall scoreMean of the five percentile scores vs peers 31/100 60/100 69/100 TOST

Percentile Scorecard

AZBKNGTOST

Each axis is the mean percentile of its metrics against the company's industry group. 100 is the best in the group, 50 the middle.

Scores by Axis

AxisAZBKNGTOST
Valuation 3 #87 of 90 66 #57 of 167 52 #44 of 90
Growth 21 #65 of 82 38 #96 of 153 98 #3 of 82
Profitability 4 #74 of 77 99 #2 of 153 65 #28 of 77
Financial Health 93 #8 of 96 39 #109 of 179 71 #29 of 96
Shareholder Returns 36 #35 of 54 59 #39 of 94 60 #22 of 54
Overall 31 60 69
  • AZ ranked among 99 companies in Vertical Software
  • BKNG ranked among 185 companies in Internet Platforms
  • TOST ranked among 99 companies in Vertical Software

Price Performance

Price return, split-adjusted, before dividends. Click a name to hide or show it.

Returns

PeriodAZBKNGTOSTSPY
1 month -2.6%0.0%+9.7% -1.0%
3 months +0.2%-12.2%+12.6% +2.9%
6 months -26.2%-13.5%+12.7% +6.4%
Year to date -14.0%-27.3%-7.9% +11.4%
1 year -19.5%-23.5%-15.7% +13.1%
3 years +32.5%+37.4%+84.3% +79.4%
3 years, per year +9.9%+11.2%+22.6% +21.5%
5 years -66.5%+62.7%-34.1% +67.7%
5 years, per year -19.7%+10.2%-8.0% +10.9%
10 years —+165.5%— +255.2%
10 years, per year —+10.3%— +13.5%

Risk

MeasureAZBKNGTOSTSPY
Volatility, 1Y 72.9%38.0%48.0% 12.7%
Downside volatility, 1Y 71.2%38.2%53.1% 12.7%
Beta vs S&P 500, 1Y 2.410.861.07 1.00
Return / volatility, 1Y -0.27-0.62-0.33 1.03
Max drawdown, 5Y -96.9%-39.5%-80.6% -25.4%
From 52-week high -34.9%-29.1%-16.1% -2.5%
52-week high $8.60$219.68$39.02 $779.14
52-week low $5.12$154.13$22.33 $631.97

Valuation History

Weekly multiples on trailing twelve-month fundamentals. Negative or extreme readings (a loss year, a collapsed denominator) are left out so the chart stays readable.

MultipleAZBKNGTOST
P/E now vs peer median -6.1xmedian 42.7x 16.6xmedian 17.5x 38.9xmedian 42.7x
P/S now vs peer median 17.0xmedian 2.7x 4.1xmedian 1.4x 2.8xmedian 2.7x
EV/EBITDA now vs peer median -6.2xmedian 19.0x 12.2xmedian 14.9x 29.6xmedian 19.0x
P/FCF now vs peer median -7.1xmedian 19.6x 12.3xmedian 11.2x 32.8xmedian 19.6x
P/B now vs peer median 3.8xmedian 1.8x -10.9xmedian 1.7x 9.2xmedian 1.8x
PEG now vs peer median -0.29median 1.75 -0.29median 0.42 0.83median 1.75

Financial History

Reported figures by fiscal period, placed on the calendar year (or quarter) each period ended in, so companies with different fiscal years line up.

Trailing twelve monthsAZBKNGTOST
Revenue $14.42M $28.24B $6.80B
Gross profit $2.90M – $1.82B
Operating income -$38.70M $9.28B $431.00M
Net income -$34.76M $7.21B $486.00M
Free cash flow -$34.81M $9.54B $576.00M
R&D $11.64M – $405.00M
EPS (diluted) $-0.92 $9.36 $0.82
Cash & equivalents $14.78M $17.21B $1.02B
Total debt $2.22M $20.18B –
Shares (diluted) 36.96M 770.00M 590.00M
Enterprise value $125.03M $50.62B $11.22B

All Metrics

58 metrics · best in bold

Bold marks the best reading: the lowest positive value for multiples, leverage and payout, the highest for everything else. The bar under each value is its percentile against that company's own peers. Hover a value for its rank and the peer median.

Valuation

12 metrics
MetricAZBKNGTOST
P/E -6.1x 16.6x 38.9x
P/FCF -7.1x 12.3x 32.8x
P/Operating cash flow -7.0x 11.9x 29.7x
P/S 17.0x 4.1x 2.8x
P/B 3.8x -10.9x 9.2x
P/Tangible book 3.8x -10.1x 9.3x
EV/EBITDA -6.2x 12.2x 29.6x
EV/EBIT -6.0x 12.9x 39.8x
EV/Revenue 16.2x 4.3x 2.5x
EV/FCF -6.7x 12.6x 29.8x
EV/Operating cash flow -6.7x 12.2x 27.0x
PEG (3Y EPS CAGR) -0.29 -0.29 0.83

Growth

14 metrics
MetricAZBKNGTOST
Revenue growth (1Y) 153.0% 12.9% 23.0%
Revenue CAGR (3Y) 7.1% 13.4% 27.1%
Gross profit growth (1Y) 24.2% – 30.5%
Gross profit CAGR (3Y) -1.2% – 38.1%
Operating income growth (1Y) -95.5% 12.9% 128.0%
Operating income CAGR (3Y) -25.9% 15.3% 47.5%
Net income growth (1Y) 0.8% 49.8% 117.0%
Net income CAGR (3Y) -13.9% 17.4% 48.7%
EPS growth (1Y) 41.8% -93.7% 122.5%
EPS CAGR (3Y) 21.2% -57.3% 46.7%
Operating cash flow growth (1Y) -154.2% 2.9% 13.8%
Operating cash flow CAGR (3Y) -58.4% 13.2% 106.7%
Free cash flow growth (1Y) -148.3% 3.2% 13.4%
Free cash flow CAGR (3Y) -54.3% 13.9% 82.9%

Profitability

14 metrics
MetricAZBKNGTOST
Gross margin 20.1% – 26.7%
EBITDA margin -260.5% 34.9% 8.5%
Operating margin -268.5% 32.9% 6.3%
Pretax margin -259.7% 32.9% 7.3%
Net margin -236.1% 25.5% 7.1%
FCF margin -241.5% 33.8% 8.5%
Operating cash flow margin -242.8% 34.9% 9.3%
Return on equity -51.4% – 24.1%
Return on assets -46.0% 25.1% 15.5%
Return on invested capital – 75.5% –
Return on capital employed -57.7% 121.7% 21.2%
Asset turnover 0.2x 1.0x 2.2x
Cash conversion (OCF / net income) 1.0x 1.4x 1.3x
Stock comp / revenue 117.6% 2.1% 3.4%

Financial Health

11 metrics
MetricAZBKNGTOST
Debt / assets 3.0% 68.0% –
Debt / equity 0.0x -1.9x –
Net debt / EBITDA 0.3x 0.3x –
Debt / FCF -0.1x 2.1x –
Liabilities / assets 12.6% 136.3% 35.7%
Equity / assets 87.4% -36.3% 64.3%
Interest coverage – 8.4x –
Current ratio 7.5x 1.1x 2.4x
Quick ratio 2.5x 1.0x 1.7x
Cash ratio 1.7x 0.8x 1.6x
Altman Z-score 12.23 5.83 12.71

Shareholder Returns

7 metrics
MetricAZBKNGTOST
Dividend yield – 1.1% –
Net buyback yield 0.0% 9.0% 2.7%
Shareholder yield 0.0% 10.0% 2.7%
Payout ratio (earnings) – – –
Payout ratio (FCF) – – –
Dividend growth (1Y) – – –
Dividend CAGR (3Y) – – –

Analyst Estimates

Solid lines are reported fiscal-year results; dashed lines are the consensus for the years ahead. Hover a year for the analysts' high and low, and how each result compared with its estimate.

ConsensusAZBKNGTOST
Forward P/E – 14.3xFY2026 24.8xFY2026
EPS, next fiscal year $-0.48FY2026 $10.90FY2026 $1.32FY2026
EPS growth, next FY – +19.5%FY2026 +34.7%FY2026
EPS growth, the year after – +16.8% +35.6%
Revenue, next fiscal year $36.64MFY2026 $27.56BFY2026 $7.84BFY2026
Revenue growth, next FY +363.9%FY2026 +2.4%FY2026 +27.5%FY2026
Revenue growth, the year after +215.6% +11.5% +17.8%

Institutional Ownership

13F filings, quarter ended Jun 30, 2026
HoldersAZBKNGTOST
Held by institutions 52.6% 92.9% 93.1%
Institutions holding 49 1,915 774
Change in shares held, QoQ +17.1% -9.6% +8.1%
Institutions buying 25 891 427
Institutions selling 13 828 245
Buyers to sellers 1.92 1.08 1.74

Return Correlation

Daily returns, last 12 months

1.00 means two stocks move in lockstep, 0 that they move independently. Pairs below about 0.5 diversify each other.

AZBKNGTOST
AZ 1.00 0.14 0.23
BKNG 0.14 1.00 0.47
TOST 0.23 0.47 1.00

Add a Peer

Largest companies in the same industry

Related Comparisons

Frequently Asked Questions

Which is bigger, AZ, BKNG and TOST?

Booking Holdings (BKNG) is the largest by market capitalisation: A2Z Cust2Mate Solutions (AZ) $216.21M, Booking Holdings (BKNG) $117.57B, Toast (TOST) $18.55B.

Which stock is cheaper, AZ, BKNG and TOST?

Booking Holdings (BKNG) trades on the lowest price-to-earnings ratio (A2Z Cust2Mate Solutions (AZ) -6.4x, Booking Holdings (BKNG) 16.3x, Toast (TOST) 38.2x). On next year's consensus earnings, Booking Holdings (BKNG) is cheapest (Booking Holdings (BKNG) 14.3x, Toast (TOST) 24.8x). A lower multiple can reflect slower expected growth, so read it next to the growth figures.

Which company is growing faster?

A2Z Cust2Mate Solutions (AZ) grew revenue fastest over the trailing twelve months: A2Z Cust2Mate Solutions (AZ) +153.0%, Booking Holdings (BKNG) +12.9%, Toast (TOST) +23.0%.

Which company is more profitable?

Booking Holdings (BKNG) has the highest net margin (A2Z Cust2Mate Solutions (AZ) -236.1%, Booking Holdings (BKNG) 25.5%, Toast (TOST) 7.1%).

Which stock has performed better?

Over the past year Toast (TOST) returned the most: A2Z Cust2Mate Solutions (AZ) -19.5%, Booking Holdings (BKNG) -23.5%, Toast (TOST) -15.7%. Over five years, Booking Holdings (BKNG) compounded fastest (A2Z Cust2Mate Solutions (AZ) -19.7%/yr, Booking Holdings (BKNG) +10.2%/yr, Toast (TOST) -8.0%/yr). Returns are price only, before dividends.

Which stock is riskier?

By one-year price volatility, Booking Holdings (BKNG) has been the steadiest (A2Z Cust2Mate Solutions (AZ) 72.9%, Booking Holdings (BKNG) 38.0%, Toast (TOST) 48.0%). Volatility measures how widely the price swings, not the risk of the business.

Which is the better stock, AZ, BKNG and TOST?

There is no single answer; it depends on what you are buying for. On the 12 head-to-head measures on this page, Booking Holdings (BKNG) leads on 7. Business Quant does not give investment advice; use the comparison as a starting point for your own research.

Data from SEC filings, exchange prices and consensus estimates, via Business Quant. Percentile scores compare each company with its own peer group, so two companies' scores are each relative to different peers unless you rank against the whole market. Price returns exclude dividends. Nothing on this page is investment advice.