TTM
10.1%
YoY change
+3.71pp
Trough year (FY2019)
-21.2%
Peak year (FY2025)
9.9%
Latest annual
9.9%
FCF Margin history chart for Toast (TOST) from 2019 to 2025
Latest: 9.9%
FCF Margin change chart for Toast (TOST) from 2019 to 2025
Latest: +3.71pp
FCF Margin history table for Toast (TOST) from 2019 to 2025
| FY2025 | 9.9% | +3.71pp | ||
| FY2024 | 6.2% | +3.76pp | ||
| FY2023 | 2.4% | +9.33pp | ||
| FY2022 | -6.9% | -5.92pp | ||
| FY2021 | -1.0% | +18.57pp | ||
| FY2020 | -19.6% | +1.64pp | ||
| FY2019 | -21.2% | — |
- FY20259.9%+3.71pp
- FY20246.2%+3.76pp
- FY20232.4%+9.33pp
- FY2022-6.9%-5.92pp
- FY2021-1.0%+18.57pp
- FY2020-19.6%+1.64pp
- FY2019-21.2%—
FCF Margin values are taken from Toast's reported income statements (quarterly 10-Q and annual 10-K filings with the U.S. Securities and Exchange Commission). Each row shows the period end date and the filing date. YoY compares each figure to the same period one year earlier. Amounts are in USD as filed.
About FCF Margin at Toast (TOST)
According to Toast's latest reported financial statements, the company's latest reported free cash flow margin is 10.1%. Free cash flow margin is free cash flow divided by revenue — the share of each sales dollar that converts into cash after capital expenditures. Because free cash flow cannot be inflated by non-cash accounting, FCF margin is a clean read on how efficiently a business turns revenue into deployable cash.
Headline figure above is from the reporting period ending (reported ). Chart and table below cover the full reported history back to .
Toast (TOST) most recent annual free cash flow margin stands at 9.88% (2025) – expanded 3.7 percentage points year-over-year.
The record annual free cash flow margin stands at 9.88%, reached in 2025; the historical low of -21.20% was recorded in 2019.
Toast FCF Margin by Year
Toast FCF Margin 2025: 9.9%
Toast posted free cash flow margin of 9.88% in 2025, expanded 3.7 percentage points from 2024. This figure represents the highest annual value in the available history.
Toast FCF Margin 2024: 6.2%
In 2024, Toast reported free cash flow margin of 6.17%, expanded 3.8 percentage points from 2023.
Toast FCF Margin 2023: 2.4%
Toast free cash flow margin in 2023 was 2.41%, expanded 9.3 percentage points from 2022.
Toast FCF Margin 2022: -6.9%
2022's free cash flow margin for Toast came in at -6.92%, contracted 5.9 percentage points from 2021.
Toast FCF Margin 2021: -1.0%
Toast free cash flow margin in 2021 was -1.00%.
See more financial history for Toast (TOST).
Sector peers by FCF Margin
Technology peers of Toast (TOST), ranked by their latest free cash flow margin
| 47.0% | |
| 43.4% | |
| 29.0% | |
| 28.6% | |
| 26.7% | |
| 22.9% | |
| 20.2% |
- 47.0%
- 43.4%
- 28.6%
- 26.7%
- 22.9%
- 20.2%
Frequently asked questions
Toast (TOST) Key Financials
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How this company returns cash to shareholders — buybacks, dividends, and stock splits.