Toast (TOST) vs Zscaler (ZS)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Toast (TOST) has outperformed Zscaler (ZS) over the past year, losing 16.8% versus a loss of 30.9%. Over five years, ZS leads with a -25.9% price change compared with -45.7% for TOST. Zscaler is the larger company by market cap ($38.11 billion vs $18.10 billion), about 2.1 times the size.
On valuation, Toast trades at a lower forward P/E (18.0x vs 41.7x for Zscaler). Toast converts more of its revenue into profit, with a net margin of 5.6% versus -1.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | TOST | ZS |
|---|---|---|
| Share price | $31.31 | $233.73 |
| Market cap | $18.10B | $38.11B |
| 1-day change | +2.55% | +7.80% |
| YTD return | -14.02% | -3.61% |
| 1-year return | -16.81% | -30.93% |
| 5-year return | -45.69% | -25.93% |
| P/E ratio (TTM) | 39.63 | — |
| Forward P/E | 18.04 | 41.72 |
| EPS (TTM) | $0.79 | $-0.39 |
| Dividend yield | 0.00% | 0.00% |
| Annual dividend | $0.00 | $0.00 |
| Revenue (latest FY) | $6.15B | $3.35B |
| Revenue growth (YoY) | +24.05% | +25.42% |
| Net income (latest FY) | $342.00M | $-63.18M |
| Gross margin | 25.89% | 76.80% |
| Operating margin | 4.75% | -3.98% |
| Net margin | 5.56% | -1.88% |
| 52-week high | $39.73 | $336.99 |
| 52-week low | $22.26 | $114.63 |
| Distance from 52-week high | -21.18% | -30.64% |
| Analyst consensus | buy | buy |
| Avg. price target upside | +24.31% | -3.16% |
| Average volume | 9.11M | 2.83M |
| Shares outstanding | 514.00M | 163.05M |
| Employees | 6,500 | 8,700 |
| Sector | Technology | Technology |
| Industry | EDP Services | EDP Services |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- Zscaler is about 2.1 times larger than Toast by market value ($38.11B vs $18.10B).
- TOST has outperformed ZS by 14.1 percentage points over the past year.
- Toast is more profitable, keeping 5.6 cents of every revenue dollar as net income versus -1.9 cents for Zscaler.
About Toast
TOST stock →Toast, Inc. operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally.
Technology · EDP Services · 6,500 employees
About Zscaler
ZS stock →Zscaler, Inc. operates as a cloud security company worldwide.
Technology · EDP Services · 8,700 employees
TOST vs ZS FAQ
Which is bigger, Toast or Zscaler?
Zscaler (ZS) is larger, with a market capitalization of $38.11B compared with $18.10B for Toast (TOST).
Which stock has performed better over the past year, TOST or ZS?
TOST returned -16.81% over the past 12 months, compared with -30.93% for ZS (price return, excluding dividends). Past performance does not predict future results.
Are Toast and Zscaler in the same industry?
Yes. Both are classified in the EDP Services industry within the Technology sector.