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Side-by-side financial comparison of System1, Inc. (SST) and SYPRIS SOLUTIONS INC (SYPR). Click either name above to swap in a different company.
System1, Inc. is the larger business by last-quarter revenue ($51.9M vs $30.3M, roughly 1.7× SYPRIS SOLUTIONS INC). SYPRIS SOLUTIONS INC runs the higher net margin — -12.9% vs -26.0%, a 13.1% gap on every dollar of revenue. On growth, SYPRIS SOLUTIONS INC posted the faster year-over-year revenue change (-9.5% vs -31.3%). Over the past eight quarters, SYPRIS SOLUTIONS INC's revenue compounded faster (-7.7% CAGR vs -21.8%).
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.
Sypris Solutions Inc. is a U.S.-headquartered provider of highly engineered components and specialized technical services, primarily serving aerospace, defense, automotive and commercial industrial markets. It delivers custom manufacturing, performance testing, and value-added engineering support for mission-critical systems and parts for global enterprise clients.
SST vs SYPR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $51.9M | $30.3M |
| Net Profit | $-13.5M | $-3.9M |
| Gross Margin | 41.0% | 4.6% |
| Operating Margin | -33.6% | -10.9% |
| Net Margin | -26.0% | -12.9% |
| Revenue YoY | -31.3% | -9.5% |
| Net Profit YoY | 4.8% | -2992.6% |
| EPS (diluted) | $-3.58 | $-0.17 |
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.
| Q4 25 | $51.9M | $30.3M | ||
| Q3 25 | $61.6M | $28.7M | ||
| Q2 25 | $78.1M | $31.4M | ||
| Q1 25 | $74.5M | $29.5M | ||
| Q4 24 | $75.6M | $33.4M | ||
| Q3 24 | $88.8M | $35.7M | ||
| Q2 24 | $94.6M | $35.5M | ||
| Q1 24 | $84.9M | $35.6M |
| Q4 25 | $-13.5M | $-3.9M | ||
| Q3 25 | $-18.5M | $517.0K | ||
| Q2 25 | $-17.5M | $-2.1M | ||
| Q1 25 | $-15.9M | $-899.0K | ||
| Q4 24 | $-14.2M | $135.0K | ||
| Q3 24 | $-23.6M | $390.0K | ||
| Q2 24 | $-26.4M | $16.0K | ||
| Q1 24 | $-10.5M | $-2.2M |
| Q4 25 | 41.0% | 4.6% | ||
| Q3 25 | 36.9% | 7.2% | ||
| Q2 25 | 35.7% | 8.2% | ||
| Q1 25 | 38.2% | 11.4% | ||
| Q4 24 | 42.1% | 16.1% | ||
| Q3 24 | 28.0% | 16.8% | ||
| Q2 24 | 27.6% | 15.9% | ||
| Q1 24 | 21.9% | 8.1% |
| Q4 25 | -33.6% | -10.9% | ||
| Q3 25 | -25.3% | -6.1% | ||
| Q2 25 | -20.4% | -4.6% | ||
| Q1 25 | -17.6% | -0.4% | ||
| Q4 24 | -15.7% | 3.9% | ||
| Q3 24 | -24.6% | 4.8% | ||
| Q2 24 | -30.8% | 3.6% | ||
| Q1 24 | -30.4% | -3.9% |
| Q4 25 | -26.0% | -12.9% | ||
| Q3 25 | -30.1% | 1.8% | ||
| Q2 25 | -22.4% | -6.5% | ||
| Q1 25 | -21.3% | -3.0% | ||
| Q4 24 | -18.7% | 0.4% | ||
| Q3 24 | -26.6% | 1.1% | ||
| Q2 24 | -27.9% | 0.0% | ||
| Q1 24 | -12.4% | -6.2% |
| Q4 25 | $-3.58 | $-0.17 | ||
| Q3 25 | $-2.30 | $0.02 | ||
| Q2 25 | $-2.23 | $-0.09 | ||
| Q1 25 | $-0.21 | $-0.04 | ||
| Q4 24 | $-3.41 | $0.00 | ||
| Q3 24 | $-3.37 | $0.02 | ||
| Q2 24 | $-3.80 | $0.00 | ||
| Q1 24 | $-0.16 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $86.9M | — |
| Total DebtLower is stronger | $305.1M | — |
| Stockholders' EquityBook value | $30.5M | $17.8M |
| Total Assets | $405.0M | $107.8M |
| Debt / EquityLower = less leverage | 10.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $86.9M | — | ||
| Q3 25 | $54.6M | — | ||
| Q2 25 | $63.6M | — | ||
| Q1 25 | $43.9M | — | ||
| Q4 24 | $63.6M | — | ||
| Q3 24 | $69.1M | — | ||
| Q2 24 | $75.7M | — | ||
| Q1 24 | $69.9M | — |
| Q4 25 | $305.1M | — | ||
| Q3 25 | $259.2M | — | ||
| Q2 25 | $263.3M | — | ||
| Q1 25 | $267.4M | — | ||
| Q4 24 | $255.1M | — | ||
| Q3 24 | $259.2M | — | ||
| Q2 24 | $263.3M | — | ||
| Q1 24 | $268.6M | — |
| Q4 25 | $30.5M | $17.8M | ||
| Q3 25 | $42.7M | $20.0M | ||
| Q2 25 | $58.2M | $18.7M | ||
| Q1 25 | $67.2M | $19.0M | ||
| Q4 24 | $80.3M | $19.6M | ||
| Q3 24 | $90.3M | $18.2M | ||
| Q2 24 | $109.4M | $19.0M | ||
| Q1 24 | $131.7M | $20.8M |
| Q4 25 | $405.0M | $107.8M | ||
| Q3 25 | $385.2M | $112.5M | ||
| Q2 25 | $429.2M | $105.8M | ||
| Q1 25 | $419.2M | $110.2M | ||
| Q4 24 | $459.1M | $119.4M | ||
| Q3 24 | $479.3M | $121.6M | ||
| Q2 24 | $511.3M | $124.2M | ||
| Q1 24 | $521.1M | $129.0M |
| Q4 25 | 10.01× | — | ||
| Q3 25 | 6.07× | — | ||
| Q2 25 | 4.53× | — | ||
| Q1 25 | 3.98× | — | ||
| Q4 24 | 3.18× | — | ||
| Q3 24 | 2.87× | — | ||
| Q2 24 | 2.41× | — | ||
| Q1 24 | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-10.6M | $-1.1M |
| Free Cash FlowOCF − Capex | — | $-1.5M |
| FCF MarginFCF / Revenue | — | -5.0% |
| Capex IntensityCapex / Revenue | 0.0% | 1.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-6.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-10.6M | $-1.1M | ||
| Q3 25 | $-2.1M | $-178.0K | ||
| Q2 25 | $24.5M | $1.1M | ||
| Q1 25 | $-15.9M | $-5.5M | ||
| Q4 24 | $772.0K | $2.3M | ||
| Q3 24 | $-5.0K | $-4.8M | ||
| Q2 24 | $10.0M | $6.2M | ||
| Q1 24 | $-16.0M | $-1.7M |
| Q4 25 | — | $-1.5M | ||
| Q3 25 | — | $-390.0K | ||
| Q2 25 | — | $941.0K | ||
| Q1 25 | $-16.0M | $-5.5M | ||
| Q4 24 | — | $1.9M | ||
| Q3 24 | $-36.0K | $-4.9M | ||
| Q2 24 | — | $6.0M | ||
| Q1 24 | — | $-2.0M |
| Q4 25 | — | -5.0% | ||
| Q3 25 | — | -1.4% | ||
| Q2 25 | — | 3.0% | ||
| Q1 25 | -21.5% | -18.8% | ||
| Q4 24 | — | 5.7% | ||
| Q3 24 | -0.0% | -13.8% | ||
| Q2 24 | — | 16.8% | ||
| Q1 24 | — | -5.7% |
| Q4 25 | 0.0% | 1.3% | ||
| Q3 25 | 0.0% | 0.7% | ||
| Q2 25 | 0.0% | 0.5% | ||
| Q1 25 | 0.1% | 0.0% | ||
| Q4 24 | 0.0% | 1.2% | ||
| Q3 24 | 0.0% | 0.4% | ||
| Q2 24 | 0.0% | 0.5% | ||
| Q1 24 | 0.0% | 0.9% |
| Q4 25 | — | — | ||
| Q3 25 | — | -0.34× | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 17.13× | ||
| Q3 24 | — | -12.21× | ||
| Q2 24 | — | 385.25× | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SST
Segment breakdown not available.
SYPR
| Sypris Electronics | $17.7M | 59% |
| Transferred At Point In Time | $12.5M | 41% |
