System1 (SST) Return on Capital Employed [ROCE] (2020 - 2026)
System1's Return on Capital Employed [ROCE] came in at -48.88% for Q2 2026, down 28.26 percentage points from -20.62% a year earlier and down 6.67 percentage points from the prior quarter.
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Analysis
System1 (SST) Return on Capital Employed [ROCE] (2020 - 2026) Analysis & Trends
For FY2025, System1's Return on Capital Employed [ROCE] was -21.72%, down 0.98 percentage points from FY2024.
- Return on Capital Employed [ROCE] carries a four-year change of -67.44 percentage points (FY2021 to FY2025).
- Going back by year, Return on Capital Employed [ROCE] was -20.74% in FY2024 (-9.94 pp), -10.80% in FY2023 (+81.18 pp), -91.98% in FY2022 (-137.70 pp) and 45.72% in FY2021.
- The Q2 2026 figure represents the lowest quarterly Return on Capital Employed [ROCE] since Q2 2023.
- Year-over-year, Return on Capital Employed [ROCE] has declined for three consecutive quarters, with an average year-over-year change of -8.14 percentage points over the last eight quarters.
- The fastest year-over-year change in Return on Capital Employed [ROCE] over five years came in Q4 2021 (a gain of 46.03 percentage points), and the weakest in Q4 2022 (a drop of 95.02 percentage points).
- Business Quant data shows SST's Return on Capital Employed [ROCE] at -42.21% (Q1 2026), -24.95% (Q4 2025) and -18.52% (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | ROCE (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 4,173.87 Bn | 3,931.39 Bn | 73.85 Bn | 21.49% |
| 2 | Meta Platforms | 1,849.67 Bn | 1,552.19 Bn | 49.47 Bn | 23.74% |
| 3 | Netflix | 279.23 Bn | 239.43 Bn | 6.52 Bn | 30.16% |
| 4 | Alibaba Group Holding | 245.86 Bn | 63.73 Bn | 15.11 Bn | 2.77% |
| 5 | Shopify | 196.08 Bn | 173.27 Bn | 1.71 Bn | 14.37% |
| 6 | Uber Technologies | 138.90 Bn | 110.88 Bn | 6.38 Bn | 13.97% |
| 7 | Booking Holdings | 119.48 Bn | 52.53 Bn | - | 121.68% |
| 8 | PDD Holdings | 107.30 Bn | -144.64 Bn | 9.45 Bn | 22.53% |
| 9 | Spotify Technology | 97.33 Bn | 54.56 Bn | 1.86 Bn | 19.81% |
| 10 | System1 | 25.16 Mn | -234.66 Mn | 24.27 Mn | -48.88% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -48.88% |
| Mar 31, 2026 | -42.21% |
| Dec 31, 2025 | -24.95% |
| Sep 30, 2025 | -18.52% |
| Jun 30, 2025 | -20.62% |
| Mar 31, 2025 | -21.73% |
| Dec 31, 2024 | -24.33% |
| Sep 30, 2024 | -24.18% |
| Jun 30, 2024 | -22.88% |
| Mar 31, 2024 | -18.04% |
| Dec 31, 2023 | -12.64% |
| Sep 30, 2023 | -15.85% |
| Jun 30, 2023 | -51.68% |
| Mar 31, 2023 | -49.81% |
| Dec 31, 2022 | -49.15% |
| Sep 30, 2022 | -34.81% |
| Jun 30, 2022 | -3.31% |
| Mar 31, 2022 | 0.05% |
| Dec 31, 2021 | 45.88% |
| Sep 30, 2021 | 8.29% |
API Access
System1 Return on Capital Employed [ROCE] API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=SST&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "return-on-capital-employed-[roce]", "ticker": "SST", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=return-on-capital-employed-%5Broce%5D&ticker=SST&period=max&api_key=YOUR_API_KEY");
const data = await res.json();