Stem (STEM) Debt Ratio (2019 - 2026)
Stem's (STEM) Debt Ratio was 0.53 for Q2 2026, up 41.9% from 0.37 a year earlier and up 1.4% from the prior quarter.
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Analysis
Stem (STEM) Debt Ratio (2019 - 2026) Analysis & Trends
For FY2025, Debt Ratio at Stem was 0.46, up 247.2% from FY2024.
- By year, Debt Ratio came in at 0.13 in FY2024 (+169.9%), 0.05 in FY2023 (-12.0%), 0.06 in FY2022 (-24.6%) and 0.07 in FY2021 (-91.2%).
- The Q2 2026 figure ranks as the highest quarterly Debt Ratio since Q4 2020.
- Year over year, Debt Ratio has now increased in each of the last nine quarters, with growth averaging 199.7% over the last eight quarters.
- The high point for year-over-year Debt Ratio in five years was Q2 2025 (growth of 313.4%); the low point was Q4 2021 (a decline of 91.2%).
- Per Business Quant data, the three quarters before Q2 2026 came in at 0.52 (Q1 2026), 0.46 (Q4 2025) and 0.39 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 260.12 Bn | 245.19 Bn | 2.30 Bn | - |
| 2 | CrowdStrike Holdings | 232.49 Bn | 212.89 Bn | 1.10 Bn | 0.06 |
| 3 | Fortinet | 125.70 Bn | 111.63 Bn | 1.64 Bn | 0.05 |
| 4 | Snowflake | 110.19 Bn | 97.50 Bn | 1.04 Bn | - |
| 5 | Datadog | 92.71 Bn | 74.35 Bn | 881.34 Mn | - |
| 6 | Zscaler | 34.07 Bn | 20.19 Bn | - | - |
| 7 | Okta | 33.06 Bn | 23.16 Bn | 641.00 Mn | - |
| 8 | Axon Enterprise | 30.90 Bn | 25.43 Bn | 546.45 Mn | 0.23 |
| 9 | MongoDB | 28.04 Bn | 18.51 Bn | 569.77 Mn | - |
| 10 | Stem | 30.79 Mn | -136.26 Mn | 13.89 Mn | 0.53 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.53 |
| Mar 31, 2026 | 0.52 |
| Dec 31, 2025 | 0.46 |
| Sep 30, 2025 | 0.39 |
| Jun 30, 2025 | 0.37 |
| Mar 31, 2025 | 0.13 |
| Dec 31, 2024 | 0.13 |
| Sep 30, 2024 | 0.11 |
| Jun 30, 2024 | 0.09 |
| Mar 31, 2024 | 0.05 |
| Dec 31, 2023 | 0.05 |
| Sep 30, 2023 | 0.05 |
| Jun 30, 2023 | 0.05 |
| Mar 31, 2023 | 0.06 |
| Dec 31, 2022 | 0.06 |
| Sep 30, 2022 | 0.06 |
| Jun 30, 2022 | 0.06 |
| Mar 31, 2022 | 0.06 |
| Dec 31, 2021 | 0.07 |
| Sep 30, 2021 | 0.11 |
API Access
Stem Debt Ratio 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=debt-ratio&ticker=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "debt-ratio", "ticker": "STEM", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=debt-ratio&ticker=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();