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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.

  • On a quarterly basis, Gross Margin rose 102.0% to 25.9% in Q4 2025 year-over-year; TTM through Dec 2025 was 25.89%, a 189.0% increase, with the full-year FY2025 number at 25.89%, up 190.0% from a year prior.
  • Gross Margin was 25.9% for Q4 2025 at Toast, down from 26.45% in the prior quarter.
  • In the past five years, Gross Margin ranged from a high of 26.45% in Q3 2025 to a low of 14.26% in Q4 2021.
  • A 5-year average of 21.81% and a median of 21.86% in 2023 define the central range for Gross Margin.
  • Biggest YoY gain for Gross Margin was 629bps in 2022; the steepest drop was -783bps in 2022.
  • Toast's Gross Margin stood at 14.26% in 2021, then soared by 44bps to 20.55% in 2022, then increased by 6bps to 21.81% in 2023, then increased by 14bps to 24.89% in 2024, then rose by 4bps to 25.9% in 2025.
  • Per Business Quant, the three most recent readings for TOST's Gross Margin are 25.9% (Q4 2025), 26.45% (Q3 2025), and 25.29% (Q2 2025).