System1 (SST) Gross Margin (2021 - 2026)
Quarterly results put Gross Margin at 62.78% for Q1 2026, up 2461.0% from a year ago — trailing twelve months through Mar 2026 was 41.66% (up 833.0% YoY), and the annual figure for FY2025 was 37.72%, up 826.0%.
System1 has reported Gross Margin over the past 6 years, most recently at 62.78% for Q1 2026.
- Gross Margin reached 62.78% in Q1 2026 per SST's latest filing, up from 41.04% in the prior quarter.
- Across five years, Gross Margin topped out at 62.78% in Q1 2026 and bottomed at 21.9% in Q1 2024.
- Median Gross Margin over the past 5 years was 35.72% (2025), compared with a mean of 35.68%.
- The largest annual shift saw Gross Margin plummeted -1444bps in 2024 before it surged 2461bps in 2026.
- Over 5 years, Gross Margin stood at 30.65% in 2022, then increased by 28bps to 39.09% in 2023, then grew by 8bps to 42.09% in 2024, then fell by -3bps to 41.04% in 2025, then surged by 53bps to 62.78% in 2026.
- Business Quant data shows Gross Margin for SST at 62.78% in Q1 2026, 41.04% in Q4 2025, and 36.94% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross 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 | 50.98% |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 86.59% |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 50.26% |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | 57.11% |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 70.43% |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 8.69% |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 9.92% |
| 10 | System1 | 21.03 Mn | -54.58 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% |
| Mar 31, 2021 | 24.92% |