System1 (SST) Gross Margin (2021 - 2026)
System1 (SST) reported Gross Margin of 62.78% for Q1 2026, up 2461.0% on a YoY basis from 2.45% in Q1 2025, and up 52.98% sequentially from 41.04% in Q4 2025.
System1 (SST) Gross Margin (2021 - 2026) Analysis & Trends
System1 (SST) has 6 years of Gross Margin data on file, last reported at 62.78% in Q1 2026.
- For the quarter ending Q1 2026, Gross Margin rose 2461.0% year-over-year to 62.78%; the trailing twelve-month figure through Mar 2026 stood at 41.66% (up 833.0% YoY), and the FY2025 full-year result was 37.72%, up 826.0% from the prior year.
- Gross Margin improved to 62.78% in Q1 2026, from 41.04% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 62.78% in Q1 2026 to a low of 21.9% in Q1 2024.
- A 5-year average of 35.68% and a median of 35.72% in 2025 frame the typical range for Gross Margin.
- Across the five-year window, Gross Margin slumped 1444 bps in 2024 and surged 2461 bps in 2026, its largest moves.
- Tracing SST's Gross Margin over 5 years: stood at 30.65% in 2022, then gained by 28 bps to 39.09% in 2023, then climbed by 8 bps to 42.09% in 2024, then declined by 3 bps to 41.04% in 2025, then jumped by 53 bps to 62.78% in 2026.
- Business Quant data shows SST's Gross Margin at 62.78% in Q1 2026, 41.04% in Q4 2025, and 36.94% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Cintas | 81.31 Bn | 81.12 Bn | 1.45 Bn | 50.98% |
| 2 | Rentokil Initial | 73.75 Bn | 71.25 Bn | - | - |
| 3 | Relx | 60.28 Bn | 60.04 Bn | - | - |
| 4 | Thomson Reuters | 38.09 Bn | 37.23 Bn | - | - |
| 5 | Copart | 25.18 Bn | 21.85 Bn | 732.88 Mn | 59.24% |
| 6 | Global Payments | 21.29 Bn | 16.10 Bn | 1.70 Bn | 57.11% |
| 7 | Rb Global | 20.33 Bn | 20.14 Bn | 927.90 Mn | 75.16% |
| 8 | UL Solutions | 17.42 Bn | 17.18 Bn | 381.00 Mn | 50.26% |
| 9 | Aramark | 15.00 Bn | 14.59 Bn | 426.39 Mn | 8.69% |
| 10 | System1 | 14.56 Mn | -61.04 Mn | 23.37 Mn | 62.78% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 62.78% |
| Dec 31, 2025 | 41.04% |
| Sep 30, 2025 | 36.94% |
| Jun 30, 2025 | 35.72% |
| Mar 31, 2025 | 38.16% |
| Dec 31, 2024 | 42.09% |
| Sep 30, 2024 | 27.96% |
| Jun 30, 2024 | 27.57% |
| Mar 31, 2024 | 21.90% |
| Dec 31, 2023 | 39.09% |
| Sep 30, 2023 | 42.40% |
| Jun 30, 2023 | 41.54% |
| Mar 31, 2023 | 31.51% |
| Dec 31, 2022 | 30.65% |
| Sep 30, 2022 | 29.11% |
| Jun 30, 2022 | 30.59% |
| Mar 31, 2022 | 27.53% |
| Dec 31, 2021 | 22.29% |
| Sep 30, 2021 | 24.82% |
| Jun 30, 2021 | 25.60% |