TOST vs. MKSI
TOST (Toast, Inc.) and MKSI (MKS Instruments, Inc.) are both stocks. Both are in the Technology sector — TOST in Software - Infrastructure, MKSI in Scientific & Technical Instruments. Over the past 3 years, TOST returned 13.98%/yr vs 41.39%/yr for MKSI. Their 0.38 correlation means their historical movements had little consistent relationship.
Performance
TOST vs. MKSI - Performance Comparison
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Returns By Period
In the year-to-date period, TOST achieves a -9.12% return, which is significantly lower than MKSI's 86.46% return.
TOST
- 1D
- -1.77%
- 1M
- 11.97%
- 6M
- 3.73%
- YTD
- -9.12%
- 1Y
- -30.84%
- 3Y*
- 13.98%
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- -13.50%
MKSI
- 1D
- 1.41%
- 1M
- -18.63%
- 6M
- 26.57%
- YTD
- 86.46%
- 1Y
- 222.42%
- 3Y*
- 41.39%
- 5Y*
- 14.58%
- 10Y*
- 21.70%
- ALL TIME*
- 12.63%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $434.33M | $454.94M | $470.11M | |
TOST Toast, Inc. | $305.58M | $295.73M | $343.34M |
TOST vs. MKSI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
TOST Toast, Inc. | -9.12% | -2.58% | 99.62% | 1.28% | -48.06% | -46.81% |
MKSI MKS Instruments, Inc. | 86.46% | 54.37% | 2.21% | 22.62% | -50.97% | 16.87% |
Correlation
The correlation between TOST and MKSI is 0.03, meaning there was essentially no consistent relationship between their historical price movements. Each responded to its own set of market drivers.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | 0.03 |
Correlation (3Y) Balances recent behavior with more history. | 0.29 |
Correlation (All Time) Calculated using the full available price history since Sep 22, 2021 | 0.38 |
Over the past year, the correlation between TOST and MKSI has dropped to 0.03 - well below their long-term average of 0.38, suggesting their price drivers have been diverging.
Fundamentals
TOST:
$18.72B
MKSI:
$20.09B
TOST:
$0.68
MKSI:
$4.75
TOST:
47.47
MKSI:
62.67
TOST:
0.03
MKSI:
13.21
TOST:
3.03
MKSI:
5.03
TOST:
9.76
MKSI:
7.52
TOST:
$6.45B
MKSI:
$4.07B
TOST:
$1.69B
MKSI:
$1.84B
TOST:
$430.00M
MKSI:
$815.00M
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Return for Risk
TOST vs. MKSI — Risk / Return Rank
TOST
MKSI
TOST vs. MKSI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Toast, Inc. (TOST) and MKS Instruments, Inc. (MKSI). 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.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| TOST | MKSI | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -4.26 | ||
| Sortino ratioReturn per unit of downside risk | -4.29 | ||
| Omega ratioGain probability vs. loss probability | 0.90 | 1.45 | -0.55 |
| Calmar ratioReturn relative to maximum drawdown | -0.62 | 5.12 | -5.75 |
| Martin ratioReturn relative to average drawdown | -0.94 | 23.15 | -24.09 |
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Drawdowns
TOST vs. MKSI - Drawdown Comparison
The maximum TOST drawdown since its inception was -80.57%, smaller than the maximum MKSI drawdown of -85.67%. Use the drawdown chart below to compare losses from any high point for TOST and MKSI.
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Drawdown Indicators
| TOST | MKSI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -80.57% | -85.67% | +5.10% |
Max Drawdown (1Y)Largest decline over 1 year | -54.71% | -42.08% | -12.63% |
Max Drawdown (3Y)Largest decline over 3 years | -54.71% | -59.11% | +4.40% |
Max Drawdown (5Y)Largest decline over 5 years | — | -66.57% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -69.20% | — |
Current DrawdownCurrent decline from peak | -50.55% | -33.13% | -17.42% |
Average DrawdownAverage peak-to-trough decline | -57.95% | -45.58% | -12.37% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 36.03% | 9.30% | +26.73% |
Volatility
TOST vs. MKSI - Volatility Comparison
The current volatility for Toast, Inc. (TOST) is 11.34%, while MKS Instruments, Inc. (MKSI) has a volatility of 26.58%. This indicates that TOST experiences smaller price fluctuations and is considered to be less risky than MKSI based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| TOST | MKSI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 11.34% | 26.58% | -15.24% |
Volatility (6M)Calculated over the trailing 6-month period | 37.37% | 48.07% | -10.70% |
Volatility (1Y)Calculated over the trailing 1-year period | 46.89% | 61.21% | -14.32% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 60.82% | 52.34% | +8.48% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 60.82% | 48.24% | +12.58% |
Dividends
TOST vs. MKSI - Dividend Comparison
TOST has not paid dividends to shareholders, while MKSI's dividend yield for the trailing twelve months is around 0.32%.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
MKSI MKS Instruments, Inc. | 0.32% | 0.55% | 0.84% | 0.86% | 1.04% | 0.49% | 0.53% | 0.73% | 1.21% | 0.75% | 1.14% | 1.88% |
TOST Toast, Inc. | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
Financials
TOST vs. MKSI - Financials Comparison
This section allows you to compare key financial metrics between Toast, Inc. and MKS Instruments, Inc.. You can select fields from income statements, balance sheets, and cash flow statements to easily visualize and compare the financial health of both companies.
Total Revenue: Total amount of money received from sales and other business activities
TOST vs. MKSI - Profitability Comparison
TOST - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, Toast, Inc. reported a gross profit of 447.00M and revenue of 1.63B. Therefore, the gross margin over that period was 27.4%.
MKSI - Gross Margin
Gross margin is calculated as gross profit divided by revenue. For the three months ending on Aug 2026, MKS Instruments, Inc. reported a gross profit of 507.00M and revenue of 1.08B. Therefore, the gross margin over that period was 47.0%.
TOST - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, Toast, Inc. reported an operating income of 110.00M and revenue of 1.63B, resulting in an operating margin of 6.8%.
MKSI - Operating Margin
Operating margin is calculated as operating income divided by revenue. For the three months ending on Aug 2026, MKS Instruments, Inc. reported an operating income of 149.00M and revenue of 1.08B, resulting in an operating margin of 13.8%.
TOST - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, Toast, Inc. reported a net income of 126.00M and revenue of 1.63B, resulting in a net margin of 7.7%.
MKSI - Net Margin
Net margin is calculated as net income divided by revenue. For the three months ending on Aug 2026, MKS Instruments, Inc. reported a net income of 84.00M and revenue of 1.08B, resulting in a net margin of 7.8%.
Frequently Asked Questions
TOST and MKSI have a correlation of 0.03, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
MKSI has higher volatility (26.58%) compared to TOST (11.34%). In terms of maximum drawdown, TOST dropped -80.57% vs MKSI's -85.67%.
MKSI currently has the higher Sharpe Ratio (3.54 vs -0.73), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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