Toast, Inc.

The business, in plain English

Toast, Inc. booked $6.2B of revenue in FY2025 in the Technology sector and kept 25.9% of it as gross profit — a moderate-margin business by that measure. After every other cost, 5.6% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $665M (FY2019) to $6.2B (FY2025) — about 44.9% a year compounded over 6 years.

It earned 37.4% on invested capital in the latest filed year, FY2025. Across the full 5-year measurable filed record, median ROIC was −38.5%. Over the v3 recent window (5 measurable filed years), median ROIC was −38.5%. The Returns on Capital filter above scores it 7/100.

TOST's latest filed year, FY2025, doesn't disclose total debt in a form the methodology can use, so current leverage is treated as unmeasured — never assumed to be zero.

Put together: Balance-Sheet Safety is the strongest of the five filters (100/100) and Returns on Capital the weakest (7/100), which is how TOST lands at 49/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.