System1 (SST) FCF Margin (2021 - 2026)
System1's (SST) quarterly FCF Margin came in at 70.19% in Q1 2026, down 4714.0% year-on-year from 1.52% in Q1 2025, and down 242.7% quarter-over-quarter from 20.48% in Q4 2025.
System1 (SST) FCF Margin (2021 - 2026) Analysis & Trends
System1 has disclosed FCF Margin across 6 years of filings, most recently posting 70.19% for Q1 2026.
- FCF Margin for Q1 2026 came in at 70.19%, down 4714.0% year-over-year; the trailing twelve-month figure through Mar 2026 was 5.75% (down 429.0% YoY), and the FY2025 annual result was 1.58%, down 4.0% from the prior year.
- FCF Margin came in at 70.19% for Q1 2026 at System1, down from 20.48% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 29.36% in Q2 2025 to a low of 70.19% in Q1 2026.
- The 5-year median for FCF Margin is 5.56% (2024), against an average of 7.24%.
- Across the five-year window, FCF Margin soared 2789 bps in 2024 and tumbled 4714 bps in 2026, its largest moves.
- System1's FCF Margin stood at 4.03% in 2022, then plunged by 606 bps to 20.39% in 2023, then jumped by 137 bps to 7.5% in 2024, then plunged by 373 bps to 20.48% in 2025, then tumbled by 243 bps to 70.19% in 2026.
- The last three FCF Margin figures came in at 70.19% (Q1 2026), 20.48% (Q4 2025), and 1.12% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 70.95 Bn | 70.77 Bn | 1.45 Bn | 18.67% |
| 2 | Copart | 29.43 Bn | 26.09 Bn | 1.08 Bn | 40.69% |
| 3 | Rb Global | 20.04 Bn | 19.85 Bn | 869.50 Mn | 13.98% |
| 4 | UL Solutions | 19.54 Bn | 19.30 Bn | 381.00 Mn | 19.79% |
| 5 | Global Payments | 18.52 Bn | 13.33 Bn | 1.70 Bn | -18.53% |
| 6 | Aramark | 14.28 Bn | 13.87 Bn | 426.35 Mn | 6.09% |
| 7 | Relx | 11.84 Bn | 11.60 Bn | - | - |
| 8 | Amentum Holdings | 5.58 Bn | 5.67 Bn | 345.00 Mn | 6.33% |
| 9 | Dolby Laboratories | 5.00 Bn | 4.42 Bn | 350.90 Mn | 21.09% |
| 10 | System1 | 24.27 Mn | -51.34 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% |