System1 (SST) Debt Ratio (2021 - 2026)
Quarterly results put Debt Ratio at 0.93 for Q1 2026, up 46.04% from a year ago — trailing twelve months through Mar 2026 was 0.93 (up 46.04% YoY), and the annual figure for FY2025 was 0.75, up 27.4%.
System1 has reported Debt Ratio over the past 6 years, most recently at 0.93 for Q1 2026.
- Debt Ratio reached 0.93 in Q1 2026 per SST's latest filing, up from 0.75 in the prior quarter.
- Across five years, Debt Ratio topped out at 0.93 in Q1 2026 and bottomed at 0.25 in Q1 2022.
- Median Debt Ratio over the past 5 years was 0.57 (2024), compared with a mean of 0.53.
- The largest annual shift saw Debt Ratio tumbled 46.16% in 2022 before it soared 61.6% in 2023.
- Over 5 years, Debt Ratio stood at 0.36 in 2022, then skyrocketed by 61.6% to 0.58 in 2023, then rose by 2.45% to 0.59 in 2024, then rose by 27.4% to 0.75 in 2025, then grew by 23.67% to 0.93 in 2026.
- Business Quant data shows Debt Ratio for SST at 0.93 in Q1 2026, 0.75 in Q4 2025, and 0.67 in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | 0.00 |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | 71.37 |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 0.26 |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | - |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 0.12 |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 0.34 |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 0.21 |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 0.44 |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 0.35 |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | 0.93 |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |