Growth Metrics

System1 (SST) Operating Margin (2021 - 2025)

System1 (SST) has disclosed Operating Margin for 5 consecutive years, with 33.58% as the latest value for Q4 2025.

  • Quarterly Operating Margin fell 1784.0% to 33.58% in Q4 2025 from the year-ago period, while the trailing twelve-month figure was 23.31% through Dec 2025, up 245.0% year-over-year, with the annual reading at 23.31% for FY2025, 245.0% up from the prior year.
  • Operating Margin hit 33.58% in Q4 2025 for System1, down from 25.28% in the prior quarter.
  • In the past five years, Operating Margin ranged from a high of 9.63% in Q2 2021 to a low of 226.39% in Q3 2022.
  • Historically, Operating Margin has averaged 27.87% across 5 years, with a median of 21.44% in 2023.
  • Biggest five-year swings in Operating Margin: tumbled -23574bps in 2022 and later surged 20264bps in 2023.
  • Year by year, Operating Margin stood at 3.77% in 2021, then plummeted by -1129bps to 38.81% in 2022, then skyrocketed by 49bps to 19.85% in 2023, then grew by 21bps to 15.75% in 2024, then plummeted by -113bps to 33.58% in 2025.
  • Business Quant data shows Operating Margin for SST at 33.58% in Q4 2025, 25.28% in Q3 2025, and 20.36% in Q2 2025.