LSPD vs. TOST

Last updated Apr 1, 2026

Compare and contrast key facts about Lightspeed Commerce Inc (LSPD) and Toast, Inc. (TOST).

Performance

LSPD vs. TOST - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in Lightspeed Commerce Inc (LSPD) and Toast, Inc. (TOST). The values are adjusted to include any dividend payments, if applicable.

LSPD vs. TOST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
LSPD Lightspeed Commerce Inc	-25.83%	-20.68%	-27.44%	46.78%	-64.63%	-67.50%
TOST Toast, Inc.	-25.34%	-2.58%	99.62%	1.28%	-48.06%	-44.47%

Fundamentals

Market Cap LSPD : $1.25B TOST : $16.09B
EPS LSPD : -$4.97 TOST : $0.56
PS Ratio LSPD : 1.05 TOST : 2.62
PB Ratio LSPD : 0.83 TOST : 7.58
Total Revenue (TTM) LSPD : $1.19B TOST : $6.15B
Gross Profit (TTM) LSPD : $473.66M TOST : $1.59B
EBITDA (TTM) LSPD : -$553.01M TOST : $389.00M

Returns By Period

The year-to-date returns for both investments are quite close, with LSPD having a -25.83% return and TOST slightly higher at -25.34%.

LSPD

• 1D: 5.16%
• 1M: -0.78%
• YTD: -25.83%
• 6M: -22.42%
• 1Y: 2.40%
• 3Y*: -16.12%
• 5Y*: -32.60%
• 10Y*: —

TOST

• 1D: 1.73%
• 1M: -2.93%
• YTD: -25.34%
• 6M: -27.39%
• 1Y: -20.08%
• 3Y*: 14.31%
• 5Y*: —
• 10Y*: —

*Multi-year figures are annualized to reflect compound growth (CAGR)

Return for Risk

LSPD vs. TOST — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

LSPD

LSPD Risk / Return Rank: 40
LSPD Sharpe Ratio Rank: 43
LSPD Sortino Ratio Rank: 40
LSPD Omega Ratio Rank: 39
LSPD Calmar Ratio Rank: 40
LSPD Martin Ratio Rank: 40

TOST

TOST Risk / Return Rank: 25
TOST Sharpe Ratio Rank: 22
TOST Sortino Ratio Rank: 22
TOST Omega Ratio Rank: 23
TOST Calmar Ratio Rank: 29
TOST Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

LSPD vs. TOST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for Lightspeed Commerce Inc (LSPD) and Toast, Inc. (TOST). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	LSPD	TOST	Difference
Sharpe ratio Return per unit of total volatility	0.05	-0.44	+0.49
Sortino ratio Return per unit of downside risk	0.41	-0.36	+0.78
Omega ratio Gain probability vs. loss probability	1.05	0.96	+0.09
Calmar ratio Return relative to maximum drawdown	-0.04	-0.43	+0.39
Martin ratio Return relative to average drawdown	-0.08	-0.84	+0.76
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

LSPD vs. TOST - Sharpe Ratio Comparison

The current LSPD Sharpe Ratio is 0.05, which is higher than the TOST Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of LSPD and TOST, offering insights into how both investments have performed under varying market conditions. These values are calculated using daily returns over the previous 12 months.

Sharpe Ratios by Period

	LSPD	TOST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.05	-0.44	+0.49
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.53	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	-0.25	-0.28	+0.04

Correlation

The correlation between LSPD and TOST is 0.59, which is considered to be moderate. This suggests that the two assets have some degree of positive relationship in their price movements. Moderate correlation can be acceptable for portfolio diversification, offering a balance between risk and potential returns.

Dividends

LSPD vs. TOST - Dividend Comparison

Neither LSPD nor TOST has paid dividends to shareholders.

Tickers have no history of dividend payments

Drawdowns

LSPD vs. TOST - Drawdown Comparison

The maximum LSPD drawdown since its inception was -93.68%, which is greater than TOST's maximum drawdown of -80.56%. Use the drawdown chart below to compare losses from any high point for LSPD and TOST.

Drawdown Indicators

	LSPD	TOST	Difference
Max Drawdown Largest peak-to-trough decline	-93.68%	-80.56%	-13.12%
Max Drawdown (1Y) Largest decline over 1 year	-38.39%	-49.15%	+10.76%
Max Drawdown (5Y) Largest decline over 5 years	-93.68%	—	—
Current Drawdown Current decline from peak	-92.80%	-59.35%	-33.45%
Average Drawdown Average peak-to-trough decline	-63.56%	-57.85%	-5.71%
Ulcer Index Depth and duration of drawdowns from previous peaks	17.20%	24.96%	-7.76%

Volatility

LSPD vs. TOST - Volatility Comparison

The current volatility for Lightspeed Commerce Inc (LSPD) is 9.55%, while Toast, Inc. (TOST) has a volatility of 10.74%. This indicates that LSPD experiences smaller price fluctuations and is considered to be less risky than TOST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	LSPD	TOST	Difference
Volatility (1M) Calculated over the trailing 1-month period	9.55%	10.74%	-1.19%
Volatility (6M) Calculated over the trailing 6-month period	31.90%	33.01%	-1.11%
Volatility (1Y) Calculated over the trailing 1-year period	45.91%	46.28%	-0.37%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	62.31%	61.46%	+0.85%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	73.04%	61.46%	+11.58%

Financials

LSPD vs. TOST - Profitability Comparison

The chart below illustrates the profitability comparison between Lightspeed Commerce Inc and Toast, Inc. over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

LSPD - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Lightspeed Commerce Inc reported a gross profit of 133.58M and revenue of 312.35M. Therefore, the gross margin over that period was 42.8%.

TOST - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, Toast, Inc. reported a gross profit of 420.00M and revenue of 1.63B. Therefore, the gross margin over that period was 25.7%.

LSPD - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Lightspeed Commerce Inc reported an operating income of -37.64M and revenue of 312.35M, resulting in an operating margin of -12.1%.

TOST - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, Toast, Inc. reported an operating income of 89.00M and revenue of 1.63B, resulting in an operating margin of 5.5%.

LSPD - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Lightspeed Commerce Inc reported a net income of -33.58M and revenue of 312.35M, resulting in a net margin of -10.8%.

TOST - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, Toast, Inc. reported a net income of 101.00M and revenue of 1.63B, resulting in a net margin of 6.2%.