vs

Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) 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 $41.2M, roughly 1.3× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs -26.0%, a 41.0% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs -31.3%). Over the past eight quarters, CTO Realty Growth, Inc.'s revenue compounded faster (19.5% CAGR vs -21.8%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

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.

CTO vs SST — Head-to-Head

Bigger by revenue
SST
SST
1.3× larger
SST
$51.9M
$41.2M
CTO
Growing faster (revenue YoY)
CTO
CTO
+46.3% gap
CTO
15.0%
-31.3%
SST
Higher net margin
CTO
CTO
41.0% more per $
CTO
15.1%
-26.0%
SST
Faster 2-yr revenue CAGR
CTO
CTO
Annualised
CTO
19.5%
-21.8%
SST

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
SST
SST
Revenue
$41.2M
$51.9M
Net Profit
$6.2M
$-13.5M
Gross Margin
41.0%
Operating Margin
175.0%
-33.6%
Net Margin
15.1%
-26.0%
Revenue YoY
15.0%
-31.3%
Net Profit YoY
174.4%
4.8%
EPS (diluted)
$0.13
$-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
CTO
CTO
SST
SST
Q1 26
$41.2M
Q4 25
$38.3M
$51.9M
Q3 25
$37.8M
$61.6M
Q2 25
$37.6M
$78.1M
Q1 25
$35.8M
$74.5M
Q4 24
$35.7M
$75.6M
Q3 24
$31.8M
$88.8M
Q2 24
$28.8M
$94.6M
Net Profit
CTO
CTO
SST
SST
Q1 26
$6.2M
Q4 25
$28.3M
$-13.5M
Q3 25
$2.9M
$-18.5M
Q2 25
$-23.4M
$-17.5M
Q1 25
$2.3M
$-15.9M
Q4 24
$-15.2M
$-14.2M
Q3 24
$6.2M
$-23.6M
Q2 24
$1.2M
$-26.4M
Gross Margin
CTO
CTO
SST
SST
Q1 26
Q4 25
75.0%
41.0%
Q3 25
75.4%
36.9%
Q2 25
73.0%
35.7%
Q1 25
75.2%
38.2%
Q4 24
74.4%
42.1%
Q3 24
74.4%
28.0%
Q2 24
71.1%
27.6%
Operating Margin
CTO
CTO
SST
SST
Q1 26
175.0%
Q4 25
75.1%
-33.6%
Q3 25
26.6%
-25.3%
Q2 25
-33.7%
-20.4%
Q1 25
22.0%
-17.6%
Q4 24
-20.4%
-15.7%
Q3 24
15.6%
-24.6%
Q2 24
18.8%
-30.8%
Net Margin
CTO
CTO
SST
SST
Q1 26
15.1%
Q4 25
73.9%
-26.0%
Q3 25
7.7%
-30.1%
Q2 25
-62.2%
-22.4%
Q1 25
6.3%
-21.3%
Q4 24
-42.6%
-18.7%
Q3 24
19.6%
-26.6%
Q2 24
4.1%
-27.9%
EPS (diluted)
CTO
CTO
SST
SST
Q1 26
$0.13
Q4 25
$0.81
$-3.58
Q3 25
$0.03
$-2.30
Q2 25
$-0.77
$-2.23
Q1 25
$0.01
$-0.21
Q4 24
$-0.69
$-3.41
Q3 24
$0.17
$-3.37
Q2 24
$-0.03
$-3.80

Balance Sheet & Financial Strength

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

Metric
CTO
CTO
SST
SST
Cash + ST InvestmentsLiquidity on hand
$8.3M
$86.9M
Total DebtLower is stronger
$305.1M
Stockholders' EquityBook value
$575.4M
$30.5M
Total Assets
$1.3B
$405.0M
Debt / EquityLower = less leverage
10.01×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
SST
SST
Q1 26
$8.3M
Q4 25
$6.5M
$86.9M
Q3 25
$9.3M
$54.6M
Q2 25
$8.6M
$63.6M
Q1 25
$8.4M
$43.9M
Q4 24
$9.0M
$63.6M
Q3 24
$8.2M
$69.1M
Q2 24
$4.8M
$75.7M
Total Debt
CTO
CTO
SST
SST
Q1 26
Q4 25
$616.3M
$305.1M
Q3 25
$604.2M
$259.2M
Q2 25
$605.4M
$263.3M
Q1 25
$602.2M
$267.4M
Q4 24
$519.0M
$255.1M
Q3 24
$526.8M
$259.2M
Q2 24
$482.7M
$263.3M
Stockholders' Equity
CTO
CTO
SST
SST
Q1 26
$575.4M
Q4 25
$567.3M
$30.5M
Q3 25
$557.3M
$42.7M
Q2 25
$574.1M
$58.2M
Q1 25
$593.9M
$67.2M
Q4 24
$612.8M
$80.3M
Q3 24
$595.8M
$90.3M
Q2 24
$491.8M
$109.4M
Total Assets
CTO
CTO
SST
SST
Q1 26
$1.3B
Q4 25
$1.3B
$405.0M
Q3 25
$1.2B
$385.2M
Q2 25
$1.2B
$429.2M
Q1 25
$1.2B
$419.2M
Q4 24
$1.2B
$459.1M
Q3 24
$1.2B
$479.3M
Q2 24
$1.0B
$511.3M
Debt / Equity
CTO
CTO
SST
SST
Q1 26
Q4 25
1.09×
10.01×
Q3 25
1.08×
6.07×
Q2 25
1.05×
4.53×
Q1 25
1.01×
3.98×
Q4 24
0.85×
3.18×
Q3 24
0.88×
2.87×
Q2 24
0.98×
2.41×

Cash Flow & Capital Efficiency

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

Metric
CTO
CTO
SST
SST
Operating Cash FlowLast quarter
$-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
CTO
CTO
SST
SST
Q1 26
Q4 25
$64.6M
$-10.6M
Q3 25
$25.5M
$-2.1M
Q2 25
$21.9M
$24.5M
Q1 25
$10.3M
$-15.9M
Q4 24
$59.9M
$772.0K
Q3 24
$21.2M
$-5.0K
Q2 24
$12.9M
$10.0M
Free Cash Flow
CTO
CTO
SST
SST
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
$-16.0M
Q4 24
Q3 24
$-36.0K
Q2 24
FCF Margin
CTO
CTO
SST
SST
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
-21.5%
Q4 24
Q3 24
-0.0%
Q2 24
Capex Intensity
CTO
CTO
SST
SST
Q1 26
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%
Cash Conversion
CTO
CTO
SST
SST
Q1 26
Q4 25
2.28×
Q3 25
8.75×
Q2 25
Q1 25
4.56×
Q4 24
Q3 24
3.40×
Q2 24
10.89×

Financial Flow Comparison

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

Related Comparisons