Which has the lower trailing P/E, ONTO or TOST?

TOST has the lower trailing P/E: ONTO trades at 123.22 and TOST at 38.19. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, ONTO or TOST?

Over the past five years, TOST grew revenue faster — ONTO at a 11.67% CAGR versus TOST at 41.80%.

Is ONTO or TOST more profitable?

ONTO runs the higher net margin — ONTO at 11.84% versus TOST at 7.14%.

How have ONTO and TOST total returns compared?

Over the past 5 years, ONTO delivered 35.00% and TOST delivered -11.06% annualized total return. Past performance doesn't predict future results.

Onto Innovation Inc. (ONTO) vs Toast, Inc. (TOST)

A side-by-side comparison of Onto Innovation Inc. and Toast, Inc. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 3, 2026. Differences are shown without an overall score or investment verdict.

ONTO

Onto Innovation Inc.

$16.30B

$327.77TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

TOST

Toast, Inc.

$17.28B

$29.79TechnologyDelayed quote: Oct 2, 2026, 4:00 PM EDT

Total return — ONTO vs TOST

growth of $100 · dividends reinvested · last 5y

ONTO +312.1% (+32.7%/yr)TOST -52.3% (-13.8%/yr)ONTO compounded faster over this window

Log scale — wide-divergence pair

ONTO TOST

ONTO vs TOST: by the numbers

•TOST is the larger company ($17.28B vs $16.30B market cap).
•TOST trades at the lower trailing earnings multiple (38.19 vs 123.22 P/E), one valuation lens rather than an overall verdict.
•ONTO converts more revenue to profit (11.84% vs 7.14% net margin).
•TOST grew revenue faster over the past five years (41.80% vs 11.67% CAGR).

Metrics side by side

Valuation

Metric	ONTO	TOST
P/E ratio	123.22	38.19
Forward P/E	40.39	21.50
P/S ratio	14.56	2.54
P/B ratio	8.48	8.45
EV / EBITDA	67.05	33.39
FCF yield	1.55%	3.33%

Profitability

Metric	ONTO	TOST
Gross margin	50.36%	26.68%
Operating margin	12.48%	6.39%
Net margin	11.84%	7.14%
ROE	6.90%	23.77%
ROIC	3.42%	20.94%

Growth (annualized)

Metric	ONTO	TOST
Revenue CAGR (5Y)	11.67%	41.80%
EPS CAGR (5Y)	-0.96%	N/A
FCF CAGR (5Y)	15.11%	N/A
Total return CAGR (5Y)	35.00%	-11.06%

Frequently asked

Which has the lower trailing P/E, ONTO or TOST?: TOST has the lower trailing P/E: ONTO trades at 123.22 and TOST at 38.19. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, ONTO or TOST?: Over the past five years, TOST grew revenue faster — ONTO at a 11.67% CAGR versus TOST at 41.80%.
Is ONTO or TOST more profitable?: ONTO runs the higher net margin — ONTO at 11.84% versus TOST at 7.14%.
How have ONTO and TOST total returns compared?: Over the past 5 years, ONTO delivered 35.00% and TOST delivered -11.06% annualized total return. Past performance doesn't predict future results.

Go deeper

Full ONTO analysis Full TOST analysis Interactive comparison tool

Dig into the metrics

Onto Innovation P/E ratio Toast P/E ratio Onto Innovation ROE Toast ROE Onto Innovation operating margin Toast operating margin Onto Innovation revenue growth Toast revenue growth Onto Innovation free cash flow Toast free cash flow

Onto Innovation & Toast appear in these rankings

Fastest Revenue Growth Stocks Highest ROIC Stocks Highest 10-Year Total Return Stocks

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 October 3, 2026.