Cloudflare, Inc. (NET) vs Toast, Inc. (TOST)
A side-by-side comparison of Cloudflare, Inc. and Toast, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of August 14, 2026. Differences are shown without an overall score or investment verdict.
NET
Cloudflare, Inc.
$315.67TechnologyDelayed quote: Aug 14, 2026, 3:59 PM EDT
TOST
Toast, Inc.
$34.75TechnologyDelayed quote: Aug 14, 2026, 4:00 PM EDT
Total return — NET vs TOST
growth of $100 · dividends reinvested · last 5yNET +141.5% (+19.3%/yr)TOST -43.7% (-10.8%/yr)NET compounded faster over this window
NET TOST
NET vs TOST: by the numbers
- •NET is the larger company ($112.04B vs $20.15B market cap).
- •TOST is profitable (7.14% net margin) while NET runs a net loss (-8.21%).
- •TOST grew revenue faster over the past five years (41.80% vs 36.49% CAGR).
Metrics side by side
Valuation
| Metric | NET | TOST |
|---|---|---|
| P/E ratio | N/A | 45.15 |
| Forward P/E | 276.28 | 25.46 |
| P/S ratio | 46.66 | 3.05 |
| P/B ratio | 72.36 | 10.16 |
| EV / EBITDA | N/A | 40.58 |
| FCF yield | 0.39% | 2.77% |
Profitability
| Metric | NET | TOST |
|---|---|---|
| Gross margin | 72.58% | 26.68% |
| Operating margin | -14.11% | 6.39% |
| Net margin | -8.21% | 7.14% |
| ROE | -12.73% | 23.77% |
| ROIC | -4.10% | 13.85% |
Growth (annualized)
| Metric | NET | TOST |
|---|---|---|
| Revenue CAGR (5Y) | 36.49% | 41.80% |
| FCF CAGR (5Y) | N/A | 119.83% |
| Total return CAGR (5Y) | 22.13% | N/A |
Frequently asked
- Which has grown faster, NET or TOST?
- Over the past five years, TOST grew revenue faster — NET at a 36.49% CAGR versus TOST at 41.80%.
- Is NET or TOST more profitable?
- TOST runs the higher net margin — NET at -8.21% versus TOST at 7.14%.
Go deeper
Dig into the metrics
Toast P/E ratioCloudflare ROEToast ROECloudflare operating marginToast operating marginCloudflare revenue growthToast revenue growthCloudflare free cash flowToast free cash flow
Cloudflare & 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 August 14, 2026.