Applied Digital Corp. (APLD) vs Toast, Inc. (TOST)
TOST leads on 6 of 7 compared metrics.
A side-by-side comparison of Applied Digital Corp. and Toast, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of June 24, 2026. The ● marks the stronger figure on each row (cheaper multiple, higher margin/return).
Total return — APLD vs TOST
growth of $100 · last 4yAPLD +833.4%TOST +24.9%APLD compounded faster
Log scale — wide-divergence pair
APLD TOST
APLD vs TOST: by the numbers
- •TOST is the larger company ($14.22B vs $12.94B market cap).
- •TOST is profitable (6.39% net margin) while APLD runs a net loss (-52.41%).
Metrics side by side
Valuation
| Metric | APLD | TOST |
|---|---|---|
| P/E ratio | — | 37.71 |
| Forward P/E | — | 18.22 |
| P/S ratio | 34.60 | 2.29● |
| P/B ratio | 7.78 | 7.41● |
| PEG ratio | — | 0.04 |
| EV / EBITDA | — | 28.91 |
| FCF yield | — | 4.43% |
Profitability
| Metric | APLD | TOST |
|---|---|---|
| Gross margin | 27.07%● | 26.23% |
| Operating margin | -24.99% | 5.63%● |
| Net margin | -52.41% | 6.39%● |
| ROE | -11.78% | 20.70%● |
| ROIC | -5.41% | 13.85%● |
Growth (annualized)
| Metric | APLD | TOST |
|---|---|---|
| Revenue CAGR (5Y) | — | 48.05% |
Frequently asked
- Is APLD or TOST more profitable?
- TOST runs the higher net margin — APLD at -52.41% versus TOST at 6.39%.
Go deeper
Dig into the metrics
Applied Digital P/E ratioToast P/E ratioApplied Digital dividend yieldToast dividend yieldApplied Digital ROEToast ROEApplied Digital operating marginToast operating marginApplied Digital revenue growthToast revenue growthApplied Digital free cash flowToast free cash flow
Applied Digital & Toast appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified June 24, 2026.