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 September 13, 2026. Differences are shown without an overall score or investment verdict.
NET
Cloudflare, Inc.
$354.21TechnologyDelayed quote: Sep 28, 2026, 4:00 PM EDT
TOST
Toast, Inc.
$30.38TechnologyDelayed quote: Sep 28, 2026, 4:00 PM EDT
Total return — NET vs TOST
growth of $100 · dividends reinvested · last 5yNET +123.8% (+17.5%/yr)TOST -48.6% (-12.5%/yr)NET compounded faster over this window
NET TOST
NET vs TOST: by the numbers
- •NET is the larger company ($125.72B vs $17.62B 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 | 38.95 |
| Forward P/E | 280.80 | 21.94 |
| P/S ratio | 50.04 | 2.59 |
| P/B ratio | 77.61 | 8.62 |
| EV / EBITDA | N/A | 34.10 |
| FCF yield | 0.30% | 3.27% |
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 | -6.90% | 20.94% |
Growth (annualized)
| Metric | NET | TOST |
|---|---|---|
| Revenue CAGR (5Y) | 36.49% | 41.80% |
| FCF CAGR (5Y) | N/A | 119.83% |
| Total return CAGR (5Y) | 19.17% | 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 September 13, 2026.