PAR vs. TOST

Last updated Apr 1, 2026

Compare and contrast key facts about PAR Technology Corporation (PAR) and Toast, Inc. (TOST).

Performance

PAR vs. TOST - Performance Comparison

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

PAR vs. TOST - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021
PAR PAR Technology Corporation	-63.26%	-50.08%	66.90%	67.01%	-50.60%	-18.63%
TOST Toast, Inc.	-25.34%	-2.58%	99.62%	1.28%	-48.06%	-44.47%

Fundamentals

Market Cap PAR : $539.51M TOST : $16.09B
EPS PAR : -$2.08 TOST : $0.56
PS Ratio PAR : 1.19 TOST : 2.62
PB Ratio PAR : 0.65 TOST : 7.58
Total Revenue (TTM) PAR : $455.55M TOST : $6.15B
Gross Profit (TTM) PAR : $198.03M TOST : $1.59B
EBITDA (TTM) PAR : -$41.44M TOST : $389.00M

Returns By Period

In the year-to-date period, PAR achieves a -63.26% return, which is significantly lower than TOST's -25.34% return.

PAR

• 1D: 3.90%
• 1M: -18.67%
• YTD: -63.26%
• 6M: -66.32%
• 1Y: -78.27%
• 3Y*: -26.78%
• 5Y*: -27.38%
• 10Y*: 7.42%

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

PAR vs. TOST — Risk / Return Rank

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

PAR

PAR Risk / Return Rank: 2
PAR Sharpe Ratio Rank: 1
PAR Sortino Ratio Rank: 1
PAR Omega Ratio Rank: 1
PAR Calmar Ratio Rank: 5
PAR Martin Ratio Rank: 4

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.

PAR vs. TOST - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for PAR Technology Corporation (PAR) 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.

	PAR	TOST	Difference
Sharpe ratio Return per unit of total volatility	-1.27	-0.44	-0.83
Sortino ratio Return per unit of downside risk	-2.56	-0.36	-2.20
Omega ratio Gain probability vs. loss probability	0.65	0.96	-0.30
Calmar ratio Return relative to maximum drawdown	-0.95	-0.43	-0.53
Martin ratio Return relative to average drawdown	-1.78	-0.84	-0.94
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

PAR vs. TOST - Sharpe Ratio Comparison

The current PAR Sharpe Ratio is -1.27, which is lower than the TOST Sharpe Ratio of -0.44. The chart below compares the historical Sharpe Ratios of PAR 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

	PAR	TOST	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	-1.27	-0.44	-0.83
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	-0.50	—	—
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	0.13	—	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.06	-0.28	+0.34

Correlation

The correlation between PAR and TOST is 0.55, 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

PAR vs. TOST - Dividend Comparison

Neither PAR nor TOST has paid dividends to shareholders.

	TTM	2025	2024	2023	2022	2021	2020	2019
PAR PAR Technology Corporation	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1.01%
TOST Toast, Inc.	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Drawdowns

PAR vs. TOST - Drawdown Comparison

The maximum PAR drawdown since its inception was -90.88%, which is greater than TOST's maximum drawdown of -80.56%. Use the drawdown chart below to compare losses from any high point for PAR and TOST.

Drawdown Indicators

	PAR	TOST	Difference
Max Drawdown Largest peak-to-trough decline	-90.88%	-80.56%	-10.32%
Max Drawdown (1Y) Largest decline over 1 year	-82.02%	-49.15%	-32.87%
Max Drawdown (5Y) Largest decline over 5 years	-84.88%	—	—
Max Drawdown (10Y) Largest decline over 10 years	-85.56%	—	—
Current Drawdown Current decline from peak	-84.97%	-59.35%	-25.62%
Average Drawdown Average peak-to-trough decline	-53.19%	-57.85%	+4.66%
Ulcer Index Depth and duration of drawdowns from previous peaks	44.00%	24.96%	+19.04%

Volatility

PAR vs. TOST - Volatility Comparison

PAR Technology Corporation (PAR) has a higher volatility of 17.55% compared to Toast, Inc. (TOST) at 10.74%. This indicates that PAR's price experiences larger fluctuations and is considered to be riskier than TOST based on this measure. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	PAR	TOST	Difference
Volatility (1M) Calculated over the trailing 1-month period	17.55%	10.74%	+6.81%
Volatility (6M) Calculated over the trailing 6-month period	53.21%	33.01%	+20.20%
Volatility (1Y) Calculated over the trailing 1-year period	61.93%	46.28%	+15.65%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	55.43%	61.46%	-6.03%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	55.93%	61.46%	-5.53%

Financials

PAR vs. TOST - Profitability Comparison

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

PAR - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Apr 2026, PAR Technology Corporation reported a gross profit of 49.48M and revenue of 120.10M. Therefore, the gross margin over that period was 41.2%.

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%.

PAR - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Apr 2026, PAR Technology Corporation reported an operating income of -33.42M and revenue of 120.10M, resulting in an operating margin of -27.8%.

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%.

PAR - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Apr 2026, PAR Technology Corporation reported a net income of -20.89M and revenue of 120.10M, resulting in a net margin of -17.4%.

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%.