System1 (SST) FCF Margin (2021 - 2026)
Quarterly results put FCF Margin at 70.19% for Q1 2026, down 4714.0% from a year ago — trailing twelve months through Mar 2026 was 5.75% (down 429.0% YoY), and the annual figure for FY2025 was 1.58%, down 4.0%.
System1 has reported FCF Margin over the past 6 years, most recently at 70.19% for Q1 2026.
- FCF Margin reached 70.19% in Q1 2026 per SST's latest filing, down from 20.48% in the prior quarter.
- Across five years, FCF Margin topped out at 29.36% in Q2 2025 and bottomed at 70.19% in Q1 2026.
- Median FCF Margin over the past 5 years was 5.56% (2024), compared with a mean of 7.24%.
- The largest annual shift saw FCF Margin soared 2789bps in 2024 before it crashed -4714bps in 2026.
- Over 5 years, FCF Margin stood at 4.03% in 2022, then tumbled by -606bps to 20.39% in 2023, then skyrocketed by 137bps to 7.5% in 2024, then plummeted by -373bps to 20.48% in 2025, then crashed by -243bps to 70.19% in 2026.
- Business Quant data shows FCF Margin for SST at 70.19% in Q1 2026, 20.48% in Q4 2025, and 1.12% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Relx | 81.40 Bn | 81.16 Bn | - | - |
| 2 | Rentokil Initial | 79.56 Bn | 78.10 Bn | - | - |
| 3 | Cintas | 69.26 Bn | 69.08 Bn | 1.45 Bn | 18.67% |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 5.16% |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 19.79% |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -18.53% |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 13.98% |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 6.09% |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 6.33% |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | -70.19% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -70.19% |
| Dec 31, 2025 | -20.48% |
| Sep 30, 2025 | 1.12% |
| Jun 30, 2025 | 29.36% |
| Mar 31, 2025 | -23.05% |
| Dec 31, 2024 | 7.50% |
| Sep 30, 2024 | -5.56% |
| Jun 30, 2024 | 12.25% |
| Mar 31, 2024 | -20.74% |
| Dec 31, 2023 | -20.39% |
| Sep 30, 2023 | -11.98% |
| Jun 30, 2023 | 7.48% |
| Mar 31, 2023 | -6.17% |
| Dec 31, 2022 | 4.03% |
| Sep 30, 2022 | 3.78% |
| Jun 30, 2022 | 9.30% |
| Mar 31, 2022 | -19.41% |
| Dec 31, 2021 | 7.43% |
| Sep 30, 2021 | 8.92% |
| Jun 30, 2021 | 8.23% |
| Mar 31, 2021 | 6.86% |