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

ZBRA has the lower trailing P/E: TOST trades at 38.01 and ZBRA at 34.02. P/E is one valuation measure and does not by itself establish which business is cheaper.

Which has grown faster, TOST or ZBRA?

Over the past five years, TOST grew revenue faster — TOST at a 41.80% CAGR versus ZBRA at 2.51%.

Is TOST or ZBRA more profitable?

ZBRA runs the higher net margin — TOST at 7.14% versus ZBRA at 9.22%.

Toast, Inc. (TOST) vs Zebra Technologies Corporation (ZBRA)

A side-by-side comparison of Toast, Inc. and Zebra Technologies Corporation 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.

TOST

Toast, Inc.

$17.20B

$29.65TechnologyDelayed quote: Sep 22, 2026, 4:00 PM EDT

ZBRA

Zebra Technologies Corporation

$17.22B

$361.61TechnologyDelayed quote: Sep 22, 2026, 4:00 PM EDT

Total return — TOST vs ZBRA

growth of $100 · dividends reinvested · last 5y

TOST -46.7% (-11.8%/yr)ZBRA -40.6% (-9.9%/yr)ZBRA compounded faster over this window

TOST ZBRA

TOST vs ZBRA: by the numbers

•ZBRA is the larger company ($17.22B vs $17.20B market cap).
•ZBRA trades at the lower trailing earnings multiple (34.02 vs 38.01 P/E), one valuation lens rather than an overall verdict.
•ZBRA converts more revenue to profit (9.22% vs 7.14% net margin).
•TOST grew revenue faster over the past five years (41.80% vs 2.51% CAGR).

Metrics side by side

Valuation

Metric	TOST	ZBRA
P/E ratio	38.01	34.02
Forward P/E	21.41	17.12
P/S ratio	2.53	2.95
P/B ratio	8.41	5.01
EV / EBITDA	33.23	17.34
FCF yield	3.35%	5.25%

Profitability

Metric	TOST	ZBRA
Gross margin	26.68%	48.90%
Operating margin	6.39%	16.09%
Net margin	7.14%	9.22%
ROE	23.77%	15.69%
ROIC	20.94%	10.35%

Growth (annualized)

Metric	TOST	ZBRA
Revenue CAGR (5Y)	41.80%	2.51%
EPS CAGR (5Y)	N/A	-2.66%
FCF CAGR (5Y)	119.83%	-3.62%
Total return CAGR (5Y)	N/A	-9.80%

Frequently asked

Which has the lower trailing P/E, TOST or ZBRA?: ZBRA has the lower trailing P/E: TOST trades at 38.01 and ZBRA at 34.02. P/E is one valuation measure and does not by itself establish which business is cheaper.
Which has grown faster, TOST or ZBRA?: Over the past five years, TOST grew revenue faster — TOST at a 41.80% CAGR versus ZBRA at 2.51%.
Is TOST or ZBRA more profitable?: ZBRA runs the higher net margin — TOST at 7.14% versus ZBRA at 9.22%.

Go deeper

Full TOST analysis Full ZBRA analysis Interactive comparison tool

Dig into the metrics

Toast P/E ratio Zebra Technologies P/E ratio Toast ROE Zebra Technologies ROE Toast operating margin Zebra Technologies operating margin Toast revenue growth Zebra Technologies revenue growth Toast free cash flow Zebra Technologies free cash flow

Toast & Zebra Technologies appear in these rankings

Fastest Revenue Growth Stocks Highest ROIC Stocks Highest FCF Yield 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 September 13, 2026.