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Asset Utilization RatioAssets AverageEBIT MarginEBITDA MarginEBT MarginEnterprise ValueEquity AverageEquity RatioFCF MarginGross MarginInventory AverageInvested CapitalNet MarginOperating MarginReturn on AssetsReturn on Capital EmployedReturn on EquityReturn on Invested CapitalReturn on Sales

Toast (TOST) Gross Margin (2021 - 2025)

Toast (TOST) has disclosed Gross Margin for 5 consecutive years, with 25.9% as the latest value for Q4 2025.

  • Quarterly Gross Margin rose 102.0% to 25.9% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 25.89% through Dec 2025, up 190.0% year-over-year, with the annual reading at 25.89% for FY2025, 190.0% up from the prior year.
  • Gross Margin for Q4 2025 was 25.9% at Toast, down from 26.45% in the prior quarter.
  • The five-year high for Gross Margin was 26.45% in Q3 2025, with the low at 14.26% in Q4 2021.
  • Average Gross Margin over 5 years is 21.81%, with a median of 21.86% recorded in 2023.
  • Peak annual rise in Gross Margin hit 632bps in 2022, while the deepest fall reached -783bps in 2022.
  • Over 5 years, Gross Margin stood at 14.26% in 2021, then soared by 44bps to 20.57% in 2022, then increased by 6bps to 21.81% in 2023, then rose by 14bps to 24.89% in 2024, then grew by 4bps to 25.9% in 2025.
  • According to Business Quant data, Gross Margin over the past three periods came in at 25.9%, 26.45%, and 25.29% for Q4 2025, Q3 2025, and Q2 2025 respectively.