System1 (SST) Net Margin (2021 - 2026)
Quarterly results put Net Margin at 154.67% for Q1 2026, down 12804.0% from a year ago — trailing twelve months through Mar 2026 was 51.97% (down 4602.0% YoY), and the annual figure for FY2025 was 30.51%, changed.
System1 has reported Net Margin over the past 5 years, most recently at 154.67% for Q1 2026.
- Net Margin reached 154.67% in Q1 2026 per SST's latest filing, down from 34.25% in the prior quarter.
- Across five years, Net Margin topped out at 8.39% in Q1 2023 and bottomed at 156.24% in Q3 2023.
- Median Net Margin over the past 4 years was 26.63% (2025), compared with a mean of 43.36%.
- Peak annual rise in Net Margin hit 1772bps in 2023, while the deepest fall reached -14727bps in 2023.
- Over 4 years, Net Margin stood at 15.07% in 2022, then crashed by -187bps to 43.26% in 2023, then increased by 21bps to 34.25% in 2025, then tumbled by -352bps to 154.67% in 2026.
- Business Quant data shows Net Margin for SST at 154.67% in Q1 2026, 34.25% in Q4 2025, and 35.74% in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net 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 | 17.68% |
| 4 | Copart | 33.09 Bn | 28.01 Bn | 971.24 Mn | 31.20% |
| 5 | UL Solutions | 20.56 Bn | 20.32 Bn | 381.00 Mn | 12.80% |
| 6 | Global Payments | 19.88 Bn | 14.69 Bn | 1.70 Bn | -76.01% |
| 7 | Rb Global | 19.08 Bn | 18.89 Bn | 869.50 Mn | 10.09% |
| 8 | Aramark | 13.57 Bn | 13.16 Bn | 426.35 Mn | 2.08% |
| 9 | Amentum Holdings | 5.65 Bn | 5.74 Bn | 345.00 Mn | 1.55% |
| 10 | System1 | 21.03 Mn | -54.58 Mn | 23.37 Mn | -154.67% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -154.67% |
| Dec 31, 2025 | -34.25% |
| Sep 30, 2025 | -35.74% |
| Jun 30, 2025 | -27.58% |
| Mar 31, 2025 | -26.63% |
| Dec 31, 2023 | -43.26% |
| Sep 30, 2023 | -156.24% |
| Jun 30, 2023 | -11.31% |
| Mar 31, 2023 | -8.39% |
| Dec 31, 2022 | -15.07% |
| Sep 30, 2022 | -8.97% |
| Jun 30, 2022 | -15.40% |
| Mar 31, 2022 | -26.11% |
| Dec 31, 2021 | 1.56% |
| Sep 30, 2021 | 2.85% |
| Jun 30, 2021 | -1.59% |
| Mar 31, 2021 | 13.93% |