System1 (SST) Debt Ratio (2021 - 2026)

System1's (SST) quarterly Debt Ratio came in at 0.93 in Q1 2026, up 46.04% year-on-year from 0.64 in Q1 2025, and up 23.67% quarter-over-quarter from 0.75 in Q4 2025.

System1 (SST) Debt Ratio (2021 - 2026) Analysis & Trends

System1 has disclosed Debt Ratio across 6 years of filings, most recently posting 0.93 for Q1 2026.

  • Debt Ratio for Q1 2026 came in at 0.93, up 46.04% year-over-year; the trailing twelve-month figure through Mar 2026 was 0.93 (up 46.04% YoY), and the FY2025 annual result was 0.75, up 27.4% from the prior year.
  • Debt Ratio came in at 0.93 for Q1 2026 at System1, up from 0.75 in the prior quarter.
  • In the past five years, Debt Ratio ranged from a high of 0.93 in Q1 2026 to a low of 0.25 in Q1 2022.
  • The 5-year median for Debt Ratio is 0.57 (2024), against an average of 0.53.
  • Across the five-year window, Debt Ratio sank 46.16% in 2022 and soared 61.6% in 2023, its largest moves.
  • System1's Debt Ratio stood at 0.36 in 2022, then jumped by 61.6% to 0.58 in 2023, then climbed by 2.45% to 0.59 in 2024, then climbed by 27.4% to 0.75 in 2025, then gained by 23.67% to 0.93 in 2026.
  • The last three Debt Ratio figures came in at 0.93 (Q1 2026), 0.75 (Q4 2025), and 0.67 (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Cintas 70.95 Bn 70.77 Bn 1.45 Bn 0.26
2 Copart 29.43 Bn 26.09 Bn 1.08 Bn -
3 Rb Global 20.04 Bn 19.85 Bn 869.50 Mn 0.21
4 UL Solutions 19.54 Bn 19.30 Bn 381.00 Mn 0.12
5 Global Payments 18.52 Bn 13.33 Bn 1.70 Bn 0.34
6 Aramark 14.28 Bn 13.87 Bn 426.35 Mn 0.44
7 Relx 11.84 Bn 11.60 Bn - -
8 Amentum Holdings 5.58 Bn 5.67 Bn 345.00 Mn 0.35
9 Dolby Laboratories 5.00 Bn 4.42 Bn 350.90 Mn -
10 System1 24.27 Mn -51.34 Mn 23.37 Mn 0.93

Historic Data

Download Data
DateValue
Mar 31, 2026 0.93
Dec 31, 2025 0.75
Sep 30, 2025 0.67
Jun 30, 2025 0.61
Mar 31, 2025 0.64
Dec 31, 2024 0.59
Sep 30, 2024 0.57
Jun 30, 2024 0.55
Mar 31, 2024 0.55
Dec 31, 2023 0.58
Mar 31, 2023 0.37
Dec 31, 2022 0.36
Sep 30, 2022 0.34
Jun 30, 2022 0.25
Mar 31, 2022 0.25
Dec 31, 2021 0.66