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Toast vs Verisk Analytics: revenue, profit, margins and growth compared

Toast brought in $6.2B of revenue in fiscal 2025, Verisk Analytics $3.1B in fiscal 2025. Revenue changed by +24.1% at Toast and +6.6% at Verisk Analytics on the year before, so Toast grew faster. Toast kept 5.6% of its revenue as net profit, Verisk Analytics 29.6%. Free cash flow was $608M at Toast and $1.2B at Verisk Analytics.

Side by side, latest fiscal year

TOSTVRSK
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$6.2B$3.1B
Revenue growth+24.1%+6.6%
Net income$342M$908.3M
Net margin5.6%29.6%
Free cash flow$608M$1.2B
Free cash flow margin9.9%38.8%
Earnings per share (diluted)$0.56$6.48
Cash$1.4B$2.2B
Debtn/a$4.8B
Price to earnings54.626.1
Market value$17.7B$22B
Dividend yieldn/an/a
Rank by revenue in sector#79 of 530 · Technology#119 of 530 · Technology

Over the years

Revenue
TOST FY2019: $665MTOST FY2021: $823MTOST FY2021: $1.7BTOST FY2022: $2.7BTOST FY2023: $3.9BTOST FY2024: $5BTOST FY2025: $6.2BVRSK FY2018: $2.4BVRSK FY2019: $2.6BVRSK FY2020: $2.3BVRSK FY2021: $2.5BVRSK FY2022: $2.5BVRSK FY2023: $2.7BVRSK FY2024: $2.9BVRSK FY2025: $3.1BFY18FY19FY20FY21FY22FY23FY24FY25
TOST $6.2BVRSK $3.1B
Net income
TOST FY2019: -$209MTOST FY2021: -$248MTOST FY2021: -$487MTOST FY2022: -$275MTOST FY2023: -$246MTOST FY2024: $19MTOST FY2025: $342MVRSK FY2018: $598.7MVRSK FY2019: $449.9MVRSK FY2020: $712.7MVRSK FY2021: $666.2MVRSK FY2022: $953.9MVRSK FY2023: $614.6MVRSK FY2024: $958.2MVRSK FY2025: $908.3MFY18FY19FY20FY21FY22FY23FY24FY25
TOST $342MVRSK $908.3M
Net margin
TOST FY2019: -31.4%TOST FY2021: -30.1%TOST FY2021: -28.6%TOST FY2022: -10.1%TOST FY2023: -6.4%TOST FY2024: 0.4%TOST FY2025: 5.6%VRSK FY2018: 25.0%VRSK FY2019: 17.3%VRSK FY2020: 31.4%VRSK FY2021: 27.1%VRSK FY2022: 38.2%VRSK FY2023: 22.9%VRSK FY2024: 33.3%VRSK FY2025: 29.6%FY18FY19FY20FY21FY22FY23FY24FY25
TOST 5.6%VRSK 29.6%
Revenue growth
TOST FY2021: +23.8%TOST FY2021: +107.2%TOST FY2022: +60.2%TOST FY2023: +41.5%TOST FY2024: +28.3%TOST FY2025: +24.1%VRSK FY2019: +8.9%VRSK FY2020: -13.0%VRSK FY2021: +8.5%VRSK FY2022: +1.4%VRSK FY2023: +7.4%VRSK FY2024: +7.5%VRSK FY2025: +6.6%FY19FY20FY21FY22FY23FY24FY25
TOST +24.1%VRSK +6.6%
Free cash flow
TOST FY2019: -$135MTOST FY2021: -$153MTOST FY2021: -$10MTOST FY2022: -$172MTOST FY2023: $93MTOST FY2024: $306MTOST FY2025: $608MVRSK FY2018: $703.4MVRSK FY2019: $739.5MVRSK FY2020: $821.4MVRSK FY2021: $887.3MVRSK FY2022: $784.3MVRSK FY2023: $830.7MVRSK FY2024: $920.1MVRSK FY2025: $1.2BFY18FY19FY20FY21FY22FY23FY24FY25
TOST $608MVRSK $1.2B

Fiscal years as each company reports them; the two may end in different months.

Questions about Toast and Verisk Analytics

Which is bigger by revenue, Toast or Verisk Analytics?

Toast is bigger by revenue: $6.2B in fiscal 2025, against $3.1B for Verisk Analytics in fiscal 2025.

Which keeps more of its revenue as profit, Toast or Verisk Analytics?

Toast had a net margin of 5.6% in fiscal 2025; Verisk Analytics had 29.6% in fiscal 2025.

Which grew revenue faster, Toast or Verisk Analytics?

In their latest fiscal years revenue changed by +24.1% at Toast and +6.6% at Verisk Analytics.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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