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The Progressive vs Toast: Which Stock Looks Stronger in 2026?

The Progressive holds the cleaner structural position, with the lead spread across profitability and valuation. Toast still has the edge on growth, which keeps the comparison from looking entirely one-sided. Both sides have seen trend damage — neither carries a clear market edge right now. With both trends damaged, the structural comparison carries most of the weight here.

The comparison is based on similar long-term financial trajectories, not sector labels.

Updated 2026-04-05

The lead is spread across profitability and valuation, rather than sitting in one isolated gap. The Progressive Corporation leads by 33 points on the overall comparison score.

Trajectory Similarity
0.69
Moderately similar
Peer-set rank: #10
within The Progressive Corporation's functional peer set

This comparison is anchored in long-term financial trajectory similarity within the selected peer universe.

This level of similarity points to a meaningful structural match, though not a tight one.

The match is driven mainly by investment intensity and margin consistency.

Similarity drivers
investment intensitymargin consistency
How to read the score
0.85–1.00 · Very similar0.70–0.84 · Similar0.55–0.69 · Moderately similarbelow 0.55 · Loose match
Peer-Relative Score
PGR
The Progressive Corporation
75
Peer-Score
Signal qualityHigh
vs
TOST
Toast, Inc.
42
Peer-Score
Signal qualityHigh

Scores reflect position relative to comparable companies with similar long-term financial trajectories.

Score differences across key dimensions.

Dimension spread: PGR vs TOST Profitability 82 25 Stability 62 29 Valuation 84 44 Growth 65 79 PGR TOST
Gap Ranking
#1 Profitability +57
#2 Valuation +40
#3 Stability +33
#4 Growth +14
Price Setup

Left means cheaper relative valuation. Higher means stronger structure.

Price setup map for PGR and TOST Stronger + cheaper Stronger + richer Weaker + cheaper Weaker + richer PGRTOST Relative valuation Structural strength

The Progressive Corporation looks stronger on relative valuation, while the broader price setup remains mixed.

Valuation position uses peer-relative PE percentile (idx_pct_pe) where available.

Relative Position vs Comparable Companies
Profitability
On profitability, The Progressive Corporation ranks near the top of the group; Toast, Inc. sits in the weaker half.
Valuation
On valuation, the same pattern holds: both are strong, but The Progressive Corporation still leads clearly.
Profitability — Dominant Gap
PGR
82
TOST
25
Gap+57in favour of PGR

The profitability lead is mainly driven by a 11-point operating margin advantage.

What keeps the gap from being one-sided

Earnings growth also leans the other way, which keeps the score lead from reading as a full growth sweep.

What this means for the comparison

The lead is built on both profitability and valuation — though growth still provides a counterweight.

Explore full peer positioning in AssetNext

Break down the PGR vs TOST comparison across all dimensions with the full interactive tool.

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Similar profitability-and-valuation comparisons

Explore how PGR and TOST each compare against other companies in their peer groups.

Rule-based, descriptive analysis only. Derived from peer percentile dimensions. Not investment advice. Peer groups are determined algorithmically based on structural similarity — not by sector classification alone.

How AssetNext Peer Scores Work

AssetNext scores reflect each company's structural position within its functional peer group — not a ranking against all stocks simultaneously. Peers are identified by similarity across eight financial dimensions, including revenue growth trajectory, margin structure, capital intensity, and earnings stability. A score of 75 means the company ranks in the top quartile within its own peer group, not the entire market.

Four dimension scores drive the overall peer score: Growth (revenue trajectory and expansion dynamics), Quality (margin structure and capital efficiency), Valuation (peer-relative pricing on standard multiples), and Stability (earnings consistency and financial predictability). Each dimension is scored 0–100 relative to the peer group, then combined into an overall peer score using equal weighting.

Scores are recalculated periodically as underlying financial data is updated. All analysis is descriptive and rule-based — AssetNext describes structural realities and never issues buy, sell or hold recommendations.