System1 (SST) Gross Margin (2021 - 2026)

System1 (SST) posted Gross Margin of 62.78% for Q1 2026, up 52.98% sequentially from 41.04% in Q4 2025, and up 2461.0% YoY from 2.45% in Q1 2025.

System1 (SST) Gross Margin (2021 - 2026) Analysis & Trends

System1 has reported Gross Margin for 6 years, with the latest figure at 62.78% in Q1 2026.

Quarterly Gross Margin rose 2461.0% year-over-year to 62.78% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 41.66% (up 833.0% YoY) and the FY2025 annual result came in at 37.72%, up 826.0% from the prior year.
Gross Margin improved to 62.78% in Q1 2026 per SST's latest filing, from 41.04% in the prior quarter.
Over five years, Gross Margin peaked at 62.78% in Q1 2026 and troughed at 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.
The sharpest annual moves came in 2024 and 2026: Gross Margin plunged 1444 bps in 2024, then jumped 2461 bps in 2026.
Over 5 years, Gross Margin stood at 30.65% in 2022, then grew by 28 bps to 39.09% in 2023, then rose by 8 bps to 42.09% in 2024, then decreased by 3 bps to 41.04% in 2025, then jumped by 53 bps to 62.78% in 2026.
According to Business Quant data, Gross Margin over the past three periods registered 62.78%, 41.04%, and 36.94% for Q1 2026, Q4 2025, and Q3 2025 respectively.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	Gross Margin (Qtr)
1	Cintas	81.84 Bn	81.56 Bn	1.48 Bn	50.95%
2	Relx	65.92 Bn	65.74 Bn	-	-
3	Copart	31.68 Bn	28.33 Bn	732.88 Mn	59.24%
4	Global Payments	25.34 Bn	19.93 Bn	2.03 Bn	61.04%
5	Rb Global	16.15 Bn	15.62 Bn	935.50 Mn	71.03%
6	Aramark	15.72 Bn	15.22 Bn	430.34 Mn	8.51%
7	UL Solutions	15.16 Bn	14.72 Bn	417.00 Mn	51.10%
8	Rentokil Initial	11.92 Bn	9.40 Bn	-	-
9	Dolby Laboratories	6.14 Bn	5.47 Bn	264.68 Mn	86.78%
10	System1	15.51 Mn	-25.49 Mn	24.27 Mn	80.38%

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