Toast, Inc. (TOST)财务
NYSE · Technology · Software - Infrastructure · 员工6,500人 · CEO Aman Narang
- 股价
- $31.68 +0.57%
- 市值
- $163亿
- 企业价值
- $153亿
- 最近财报
- Q2 '26 2026-08-05提交
- 下次财报
- 2026-11-03 EPS预期 $0.36
营收(TTM)$68亿+23.0% 对比去年同期最近4个季度;柱状图=各季度
营业利润率(TTM)6.4%+3.0 百分点 对比去年同期营业利润 $4.35亿
净利润(TTM)$4.86亿+117.0% 对比去年同期税后,含营业外收益
自由现金流(TTM)$5.76亿+13.4% 对比去年同期资本支出 $5900万
稀释EPS(TTM)$0.78+128.9% 对比去年同期最近4个季度之和
净现金$17.1亿+1.8% 对比去年同期现金 + 短期投资 - 债务
估值与关键数据
- 市值
- $163亿 EV $153亿
- 营收
- $68亿 过去12个月
- 营收增速
- +21% FY2026年一致预期
- 净利润率
- 7.1% 净利润 / 营收,TTM
- P/E
- 38.2× 预期 23.0×(FY2026)
- P/S
- 2.4× 股价 / 营收,TTM
- EV / EBITDA
- 27.9× TTM
- 自由现金流
- $5.76亿 过去12个月
- 净利润
- $4.86亿 过去12个月
- 营收预期
- $74.7亿 FY2026年一致预期
- 盈利
- 2026-11-03 营收预期 $19.7亿
- 股息
- – 无股息
核心要点
根据披露数据计算,每条结论都附有其依据的数字。
- 最近财报(2026-08-04):营收超预期1.9%,EPS 超预期5.5%营收$19.1亿,预期$18.7亿(+1.9%);EPS $0.34,预期$0.32(+5.5%)。
- 营收增长平稳:同比23.1%Q2 '26营收$19.1亿,此前四个季度的平均值为23.5%。
- 营业利润率6.4%(TTM),较去年同期+3.0 百分点营收增长23.0%,营业利润增长130.2%。
- 税前利润的12.7%来自营业外收益税前利润$4.98亿,营业利润$4.35亿(TTM)。股权投资收益等一次性项目推高了净利润和EPS,营业利润更能反映业务本身。
- 资本支出占营收的0.9%(去年为0.9%)最近4个季度投入$5900万(同比+18.0%)。自由现金流$5.76亿,相当于净利润的118.5%。
- 股东回报$5.62亿 = 自由现金流的97.6%回购$5.62亿(去年为$5100万),股息$0,股权激励$2.31亿(TTM)。
- 稀释股数一年内减少2.5%Q2 '26稀释股数5.9亿,一年前为6.05亿。
- 净现金 $17.1亿现金 + 短期投资 $17.1亿,含租赁债务 $0;一年前净现金 $16.8亿。
上一季度:Q2 '26
截至2026-06-30的季度。与去年同期及财报发布前的分析师一致预期对比。
本季度与去年同期
| Q2 '26 | 去年同期 | 变化 | |
|---|---|---|---|
| 营收 | $19.1亿 | $15.5亿 | +23.1% |
| 毛利率 | 27.0% | 25.3% | +1.8 百分点 |
| 营业利润 | $1.52亿 | $8000万 | +90.0% |
| 营业利润率 | 8.0% | 5.2% | +2.8 百分点 |
| 净利润 | $1.54亿 | $8000万 | +92.5% |
| 稀释EPS | $0.26 | $0.13 | +100.0% |
| 经营现金流 | $1.44亿 | $2.23亿 | -35.4% |
| 资本支出 | $1400万 | $1500万 | -6.7% |
| 自由现金流 | $1.3亿 | $2.08亿 | -37.5% |
| R&D | $1.09亿 | $9100万 | +19.8% |
| 股权激励费用 | $5500万 | $6000万 | -8.3% |
实际 vs 一致预期
2026-08-04| 实际 | 一致预期 | 对比预期 | |
|---|---|---|---|
| 营收 | $19.1亿 | $18.7亿 | +1.9% |
| EPS(一致预期口径) | $0.34 | $0.32 | +5.5% |
来自2026-08-04发布的Q2 '26财报：营收及分析师预期口径的EPS（通常为调整后），可能与上方报表中的EPS不同。
EPS与一致预期
最近8次财报营收
收入从何而来,按业务线和地区逐季展示。
营收、营业利润与增速
季度按业务线划分的营收
堆叠,季度| 分部 | Q2 '26 | 同比 | 占比 | TTM | TTM同比 | 12个季度 |
|---|---|---|---|---|---|---|
| Technology Service | $15.7亿 | +23.0% | 84.4% | $55.7亿 | +0.6% | |
| License | $2.9亿 | +27.8% | 15.6% | $10.6亿 | +6.8% |
利润率与成本结构
每一单位营收在各层级还剩多少,成本又花在哪里。
利润率
季度成本占营收比例
季度现金流与资本配置
创造了多少现金,用在何处,又有多少回到股东手中。
经营现金流、资本支出、自由现金流
季度现金用途与经营现金流
财年最近4个季度
现金流量表- 经营现金流
- $6.35亿
- 资本支出
- -$5900万
- 股票回购
- -$5.62亿
- 股息
- $0
- 收购
- $0
- 债务净发行
- $4200万
- 股权激励费用
- $2.31亿
- 自由现金流
- $5.76亿
- 股东回报 / FCF
- 97.6%
股数与EPS
季度,稀释资产负债表
各季度末的流动性、投资和债务。
现金、投资与债务
季度末估值与回报
当前估值倍数与公司自身过去五个财年对比;分析师目标价与评级。
估值倍数与回报
TTM与过去5个财年| 当前 | 5年均值 | 当前处于5年区间的位置 | |
|---|---|---|---|
| P/E(TTM) | 38.2× | 566.1× 5年中的2年 | 60.2× – 1,072.1× |
| EV / EBITDA | 27.9× | 113.7× 5年中的2年 | 46.9× – 180.6× |
| EV / 营收 | 2.3× | 4.5× | 2.4× – 9.8× |
| 股价 / FCF | 28.4× | 68.3× 5年中的3年 | 34.0× – 104.5× |
| 股价 / 净资产 | 9.0× | 11.1× | 8.1× – 15.9× |
| FCF收益率 | 3.5% | 0.7% | -2.0% – 2.9% |
| 投入资本回报率 | 20.9% | -10.6% | -29.8% – 13.9% |
| 净资产收益率 | 23.8% | -14.6% | -44.6% – 16.1% |
分析师
一致目标价 $38.17 (+20.5%)
区间 $30.00 – $45.00 · 评级 Buy
强烈买入0
买入21
持有13
卖出0
强烈卖出0
展望
分析师对未来财年的一致预期,以及按当前股价意味着什么。
一致预期
| 财年 | 营收 | 增速 | EPS | 增速 | 按当前股价的P/E | 分析师(EPS) |
|---|---|---|---|---|---|---|
| FY2026 | $74.7亿 | +21.4% | $1.37 | +145.5% | 23.0× | 12 |
| FY2027 | $88.5亿 | +18.4% | $1.70 | +23.7% | 18.6× | 12 |
| FY2028 | $104亿 | +17.0% | $2.17 | +27.7% | 14.6× | 8 |
| FY2029 | $119亿 | +15.0% | $2.59 | +19.1% | 12.2× | 5 |
财务报表
利润表、资产负债表和现金流量表的每一项,含12个季度和10个财年,以金额、占营收比例或增速展示。
全部披露项目
Toast, Inc.在近期10-Q / 10-K文件中标记的全部230项数据,附SEC官方标签和定义,包括附注(租赁、税务、回购、员工等)。
| 项目(SEC标签) | 最近季度 | 去年同期 | 同比 | 最近财年 | 上一财年 | 同比 |
|---|---|---|---|---|---|---|
| Accounts Payable, Current | $4000万 | $4900万 | -18.4% | $4700万 | $3700万 | +27.0% |
| Accounts Receivable, after Allowance for Credit Loss, Current | $1.42亿 | $1.21亿 | +17.4% | $1.27亿 | $1.15亿 | +10.4% |
| Accounts Receivable, Allowance for Credit Loss, Current | $1000万 | $700万 | +42.9% | $900万 | $800万 | +12.5% |
| Accounts Receivable, Allowance for Credit Loss, Recovery | $700万2025-12-31 | $700万 | 0.0% | $2200万 | $2100万 | +4.8% |
| Accounts Receivable, Allowance for Credit Loss, Writeoff | $500万2025-12-31 | $500万 | 0.0% | $2100万 | $2400万 | -12.5% |
| Accounts Receivable, before Allowance for Credit Loss, Current | $1.11亿 | $1.01亿 | +9.9% | $1.03亿 | $9900万 | +4.0% |
| Accounts Receivable, Credit Loss Expense (Reversal) | $2700万 | $1800万 | +50.0% | $9100万 | $7000万 | +30.0% |
| Accrued Liabilities, Current | $9800万 | $7100万 | +38.0% | $7400万 | $6900万 | +7.2% |
| Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment | $1.51亿2025-12-31 | $1亿 | +51.0% | $1.51亿 | $1亿 | +51.0% |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | -$200万 | $200万 | -200.0% | $200万 | -$100万 | +300.0% |
| Additional Paid in Capital | $30.3亿 | $32.8亿 | -7.8% | $33.8亿 | $31.5亿 | +7.4% |
| Advertising Expense | – | – | – | $5400万 | $4300万 | +25.6% |
| Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount | 1600万 | 300万 | +433.3% | 200万 | 600万 | -66.7% |
| APIC, Share-based Payment Arrangement, Increase for Cost Recognition | $5800万 | $6300万 | -7.9% | $2.54亿 | $2.67亿 | -4.9% |
| Asset Impairment Charges | $100万2025-12-31 | $300万 | -66.7% | $300万 | $500万 | -40.0% |
| Assets | $31.8亿 | $27.7亿 | +15.0% | $31.5亿 | $24.1亿 | +30.6% |
| Assets, Current | $26.5亿 | $23.2亿 | +14.4% | $26.7亿 | $19.8亿 | +35.1% |
| Assets, Fair Value Disclosure | $13.3亿 | – | – | – | – | – |
| Assets, Noncurrent | $5.31亿 | $4.5亿 | +18.0% | $4.76亿 | $4.33亿 | +9.9% |
| Capitalized Computer Software, Additions | – | – | – | $5400万 | $5300万 | +1.9% |
| Capitalized Computer Software, Amortization | – | – | – | $4900万 | $3000万 | +63.3% |
| Capitalized Computer Software, Net | $8200万2025-12-31 | $8000万 | +2.5% | $8200万 | $8000万 | +2.5% |
| Capitalized Contract Cost, Amortization | $2400万 | $2500万 | -4.0% | $9900万 | $8200万 | +20.7% |
| Capitalized Contract Cost, Net | $2.67亿 | $1.94亿 | +37.6% | $2.2亿 | $1.72亿 | +27.9% |
| Capitalized Contract Cost, Net, Current | $1.06亿 | $8300万 | +27.7% | $9800万 | $7400万 | +32.4% |
| Cash and Cash Equivalents, at Carrying Value | $10.2亿 | $11.9亿 | -15.0% | $13.5亿 | $9.03亿 | +49.8% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents | $13亿 | $14.3亿 | -8.5% | $15.8亿 | $10.9亿 | +45.9% |
| Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect | -$1.09亿 | $1.66亿 | -165.7% | $4.98亿 | $3.38亿 | +47.3% |
| Common Stock, Value, Issued | $0 | $0 | – | $0 | $0 | – |
| Comprehensive Income (Loss), Net of Tax, Attributable to Parent | $1.53亿 | $8200万 | +86.6% | $3.45亿 | $1800万 | +1,816.7% |
| Contract with Customer, Liability | $7700万 | $6500万 | +18.5% | $6900万 | $6300万 | +9.5% |
| Contract with Customer, Liability, Current | $7700万 | $6000万 | +28.3% | $6800万 | $5900万 | +15.3% |
| Contract with Customer, Liability, Revenue Recognized | $700万 | $700万 | 0.0% | $5900万 | $3900万 | +51.3% |
| Cost of Revenue | $13.9亿 | $11.6亿 | +20.2% | $45.6亿 | $37.7亿 | +21.0% |
| Cost, Amortization | $100万 | $100万 | 0.0% | $500万 | $500万 | 0.0% |
| Current Foreign Tax Expense (Benefit) | – | – | – | $100万 | $100万 | 0.0% |
| Current Income Tax Expense (Benefit) | – | – | – | $400万 | $300万 | +33.3% |
| Current State and Local Tax Expense (Benefit) | – | – | – | $300万 | $200万 | +50.0% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, after Year One Through Five | $2.94亿 | $2.67亿 | +10.1% | $2.91亿 | $2.37亿 | +22.8% |
| Debt Securities, Available-for-Sale, Fair Value, Maturity, Allocated and Single Maturity Date, Year One | $4.02亿 | $2.25亿 | +78.7% | $3.33亿 | $2.7亿 | +23.3% |
| Debt Securities, Available-for-sale, Unrealized Loss Position | $6700万2025-12-31 | $1.68亿 | -60.1% | $6700万 | $1.68亿 | -60.1% |
| Debt Securities, Available-for-sale, Unrealized Loss Position, Accumulated Loss | $02025-12-31 | $0 | – | $0 | $0 | – |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterest | $6.98亿 | $5.08亿 | +37.4% | $6.38亿 | $5.14亿 | +24.1% |
| DebtSecuritiesAvailableForSaleExcludingAccruedInterestCurrent | $6.98亿 | $5.08亿 | +37.4% | $6.38亿 | $5.14亿 | +24.1% |
| Deferred Federal Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Income Tax Expense (Benefit) | – | – | – | $0 | $0 | – |
| Deferred Tax Assets, Charitable Contribution Carryforwards | $1300万2025-12-31 | $1100万 | +18.2% | $1300万 | $1100万 | +18.2% |
| Deferred Tax Assets, Deferred Income | $100万2025-12-31 | $100万 | 0.0% | $100万 | $100万 | 0.0% |
| Deferred Tax Assets, Derivative Instruments | $4600万2025-12-31 | $1.12亿 | -58.9% | $4600万 | $1.12亿 | -58.9% |
| Deferred Tax Assets, Gross | $5.03亿2025-12-31 | $4.97亿 | +1.2% | $5.03亿 | $4.97亿 | +1.2% |
| Deferred Tax Assets, Net of Valuation Allowance | $6700万2025-12-31 | $5500万 | +21.8% | $6700万 | $5500万 | +21.8% |
| Deferred Tax Assets, Operating Loss Carryforwards | $2.46亿2025-12-31 | $2.1亿 | +17.1% | $2.46亿 | $2.1亿 | +17.1% |
| Deferred Tax Assets, Property, Plant and Equipment | $02025-12-31 | $200万 | -100.0% | $0 | $200万 | -100.0% |
| Deferred Tax Assets, Tax Credit Carryforwards | $8400万2025-12-31 | $6300万 | +33.3% | $8400万 | $6300万 | +33.3% |
| Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost | $1800万2025-12-31 | $2500万 | -28.0% | $1800万 | $2500万 | -28.0% |
| Deferred Tax Assets, Tax Deferred Expense, Reserves and Accruals, Accrued Liabilities | $8800万2025-12-31 | $6500万 | +35.4% | $8800万 | $6500万 | +35.4% |
| Deferred Tax Assets, Valuation Allowance | $4.36亿2025-12-31 | $4.42亿 | -1.4% | $4.36亿 | $4.42亿 | -1.4% |
| Deferred Tax Liabilities, Deferred Expense, Other Capitalized Costs | $5600万2025-12-31 | $4400万 | +27.3% | $5600万 | $4400万 | +27.3% |
| Deferred Tax Liabilities, Gross | $6700万2025-12-31 | $5500万 | +21.8% | $6700万 | $5500万 | +21.8% |
| Deferred Tax Liabilities, Intangible Assets | $300万2025-12-31 | $500万 | -40.0% | $300万 | $500万 | -40.0% |
来源:SEC companyfacts(每份10-Q / 10-K的XBRL)。现金流量表的季度数据由10-Q标记的年初至今累计数推算。分部拆分带有维度标记,在分部章节中单独展示。
数据来源
报表、分部营收、指标和预期均根据公司文件标准化。分部利润及全部披露项目:SEC EDGAR(XBRL)。 已读取的文件: 10-Q 2026-06-30, 10-Q 2026-03-31, 10-K 2025-12-31, 10-Q 2025-09-30, 10-Q 2025-06-30, 10-Q 2025-03-31, 10-K 2024-12-31, 10-Q 2024-09-30, 10-Q 2024-06-30
数据截至 2026-11-02