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Side-by-side financial comparison of Creative Media & Community Trust Corp (CMCT) and System1, Inc. (SST). Click either name above to swap in a different company.

System1, Inc. is the larger business by last-quarter revenue ($51.9M vs $28.5M, roughly 1.8× Creative Media & Community Trust Corp). System1, Inc. runs the higher net margin — -26.0% vs -125.8%, a 99.8% gap on every dollar of revenue. On growth, Creative Media & Community Trust Corp posted the faster year-over-year revenue change (3.6% vs -31.3%). Over the past eight quarters, Creative Media & Community Trust Corp's revenue compounded faster (-8.5% CAGR vs -21.8%).

Creative Media & Community Trust Corp is a U.S.-headquartered real estate investment trust operating two core segments: it owns, manages and develops creative media facilities including professional film and TV production studios, plus community-focused assets such as affordable housing, neighborhood healthcare centers and local commercial spaces, serving media operators and local communities nationwide.

System1 is an American Internet advertising company. Formerly known as OpenMail, it was founded in 2013. It describes itself as operating a "Responsive Acquisition Marketing Platform", and cites privacy as one of its principal foci, although it has been criticized for its influence on privacy-focused properties, including search engine Startpage.com. It is headquartered in Marina del Rey, California.

CMCT vs SST — Head-to-Head

Bigger by revenue
SST
SST
1.8× larger
SST
$51.9M
$28.5M
CMCT
Growing faster (revenue YoY)
CMCT
CMCT
+34.9% gap
CMCT
3.6%
-31.3%
SST
Higher net margin
SST
SST
99.8% more per $
SST
-26.0%
-125.8%
CMCT
Faster 2-yr revenue CAGR
CMCT
CMCT
Annualised
CMCT
-8.5%
-21.8%
SST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
CMCT
CMCT
SST
SST
Revenue
$28.5M
$51.9M
Net Profit
$-11.4M
$-13.5M
Gross Margin
41.0%
Operating Margin
-125.6%
-33.6%
Net Margin
-125.8%
-26.0%
Revenue YoY
3.6%
-31.3%
Net Profit YoY
-11.4%
4.8%
EPS (diluted)
$-3.89
$-3.58

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CMCT
CMCT
SST
SST
Q4 25
$28.5M
$51.9M
Q3 25
$26.2M
$61.6M
Q2 25
$29.7M
$78.1M
Q1 25
$32.3M
$74.5M
Q4 24
$27.5M
$75.6M
Q3 24
$28.6M
$88.8M
Q2 24
$34.4M
$94.6M
Q1 24
$34.0M
$84.9M
Net Profit
CMCT
CMCT
SST
SST
Q4 25
$-11.4M
$-13.5M
Q3 25
$-12.5M
$-18.5M
Q2 25
$-9.0M
$-17.5M
Q1 25
$-6.1M
$-15.9M
Q4 24
$-10.3M
$-14.2M
Q3 24
$-10.4M
$-23.6M
Q2 24
$-796.0K
$-26.4M
Q1 24
$-3.7M
$-10.5M
Gross Margin
CMCT
CMCT
SST
SST
Q4 25
41.0%
Q3 25
36.9%
Q2 25
35.7%
Q1 25
38.2%
Q4 24
42.1%
Q3 24
28.0%
Q2 24
27.6%
Q1 24
21.9%
Operating Margin
CMCT
CMCT
SST
SST
Q4 25
-125.6%
-33.6%
Q3 25
-47.7%
-25.3%
Q2 25
-30.3%
-20.4%
Q1 25
-19.0%
-17.6%
Q4 24
-128.8%
-15.7%
Q3 24
-36.9%
-24.6%
Q2 24
-1.6%
-30.8%
Q1 24
-10.7%
-30.4%
Net Margin
CMCT
CMCT
SST
SST
Q4 25
-125.8%
-26.0%
Q3 25
-47.5%
-30.1%
Q2 25
-30.3%
-22.4%
Q1 25
-18.9%
-21.3%
Q4 24
-129.8%
-18.7%
Q3 24
-36.3%
-26.6%
Q2 24
-2.3%
-27.9%
Q1 24
-11.0%
-12.4%
EPS (diluted)
CMCT
CMCT
SST
SST
Q4 25
$-3.89
$-3.58
Q3 25
$-23.52
$-2.30
Q2 25
$-18.94
$-2.23
Q1 25
$-20.73
$-0.21
Q4 24
$97.71
$-3.41
Q3 24
$-305.04
$-3.37
Q2 24
$-98.64
$-3.80
Q1 24
$-125.46
$-0.16

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CMCT
CMCT
SST
SST
Cash + ST InvestmentsLiquidity on hand
$15.4M
$86.9M
Total DebtLower is stronger
$509.8M
$305.1M
Stockholders' EquityBook value
$265.4M
$30.5M
Total Assets
$859.2M
$405.0M
Debt / EquityLower = less leverage
1.92×
10.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CMCT
CMCT
SST
SST
Q4 25
$15.4M
$86.9M
Q3 25
$17.3M
$54.6M
Q2 25
$27.8M
$63.6M
Q1 25
$19.8M
$43.9M
Q4 24
$20.3M
$63.6M
Q3 24
$18.5M
$69.1M
Q2 24
$29.3M
$75.7M
Q1 24
$21.3M
$69.9M
Total Debt
CMCT
CMCT
SST
SST
Q4 25
$509.8M
$305.1M
Q3 25
$527.8M
$259.2M
Q2 25
$535.6M
$263.3M
Q1 25
$512.7M
$267.4M
Q4 24
$505.7M
$255.1M
Q3 24
$478.3M
$259.2M
Q2 24
$485.1M
$263.3M
Q1 24
$472.8M
$268.6M
Stockholders' Equity
CMCT
CMCT
SST
SST
Q4 25
$265.4M
$30.5M
Q3 25
$281.9M
$42.7M
Q2 25
$287.1M
$58.2M
Q1 25
$293.0M
$67.2M
Q4 24
$304.5M
$80.3M
Q3 24
$321.0M
$90.3M
Q2 24
$351.1M
$109.4M
Q1 24
$369.9M
$131.7M
Total Assets
CMCT
CMCT
SST
SST
Q4 25
$859.2M
$405.0M
Q3 25
$871.8M
$385.2M
Q2 25
$885.0M
$429.2M
Q1 25
$882.3M
$419.2M
Q4 24
$889.6M
$459.1M
Q3 24
$868.0M
$479.3M
Q2 24
$891.2M
$511.3M
Q1 24
$887.5M
$521.1M
Debt / Equity
CMCT
CMCT
SST
SST
Q4 25
1.92×
10.01×
Q3 25
1.87×
6.07×
Q2 25
1.87×
4.53×
Q1 25
1.75×
3.98×
Q4 24
1.66×
3.18×
Q3 24
1.49×
2.87×
Q2 24
1.38×
2.41×
Q1 24
1.28×
2.04×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CMCT
CMCT
SST
SST
Operating Cash FlowLast quarter
$5.8M
$-10.6M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CMCT
CMCT
SST
SST
Q4 25
$5.8M
$-10.6M
Q3 25
$3.7M
$-2.1M
Q2 25
$-2.5M
$24.5M
Q1 25
$1.2M
$-15.9M
Q4 24
$17.0M
$772.0K
Q3 24
$10.3M
$-5.0K
Q2 24
$3.9M
$10.0M
Q1 24
$1.6M
$-16.0M
Free Cash Flow
CMCT
CMCT
SST
SST
Q4 25
Q3 25
Q2 25
Q1 25
$-16.0M
Q4 24
Q3 24
$-36.0K
Q2 24
Q1 24
FCF Margin
CMCT
CMCT
SST
SST
Q4 25
Q3 25
Q2 25
Q1 25
-21.5%
Q4 24
Q3 24
-0.0%
Q2 24
Q1 24
Capex Intensity
CMCT
CMCT
SST
SST
Q4 25
0.0%
Q3 25
0.0%
Q2 25
0.0%
Q1 25
0.1%
Q4 24
0.0%
Q3 24
0.0%
Q2 24
0.0%
Q1 24
0.0%

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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