Stem (STEM) Debt to Equity (2020 - 2026)
Stem (STEM) recorded quarterly Debt to Equity of -$0.15 in Q1 2026, up 73.85% quarter-over-quarter from -$0.57 in Q4 2025, and down 14.4% on a YoY basis from -$0.17 in Q1 2025.
Stem (STEM) Debt to Equity (2020 - 2026) Analysis & Trends
Stem's Debt to Equity history runs 7 years deep, the most recent figure standing at -$0.15 for Q1 2026.
- In Q1 2026, Debt to Equity fell 14.4% year-over-year to -$0.15; the TTM figure through Mar 2026 stood at -$0.15 (down 14.4% YoY), while the FY2025 annual figure was -$0.57, down 291.69% from the prior year.
- Debt to Equity was -$0.15 for Q1 2026 at Stem, up from -$0.57 in the prior quarter.
- In the past five years, Debt to Equity ranged from a high of $0.17 in Q1 2024 to a low of -$0.66 in Q2 2025.
- Historically, Debt to Equity has averaged -$0.09 across 5 years, with a median of $0.03 in 2022.
- The sharpest annual moves came in 2022 and 2024: Debt to Equity jumped 231.23% in 2022, then sank 981.8% in 2024.
- A 5-year view of Debt to Equity shows it stood at $0.14 in 2022, then gained by 8.69% to $0.16 in 2023, then tumbled by 193.3% to -$0.15 in 2024, then plunged by 291.69% to -$0.57 in 2025, then jumped by 73.85% to -$0.15 in 2026.
- The last three Debt to Equity figures came in at -$0.15 (Q1 2026), -$0.57 (Q4 2025), and -$0.19 (Q3 2025), per Business Quant data.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt/Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 186.46 Bn | 183.75 Bn | 1.44 Bn | 0.52 |
| 2 | Enlight Renewable Energy | 11.26 Bn | 10.73 Bn | 85.64 Mn | 0.29 |
| 3 | Ormat Technologies | 8.50 Bn | 8.35 Bn | 78.83 Mn | 0.03 |
| 4 | Fluence Energy | 3.04 Bn | 2.71 Bn | 46.63 Mn | - |
| 5 | Clearway Energy | 1.39 Bn | 4.74 Bn | 220.00 Mn | 1.66 |
| 6 | XPLR Infrastructure | 1.09 Bn | 8.62 Bn | 141.00 Mn | 0.59 |
| 7 | Energy Vault Holdings | 940.11 Mn | 894.68 Mn | 4.79 Mn | 5.64 |
| 8 | Ellomay Capital | 694.29 Mn | 616.52 Mn | 1,508.00 | 6.53 |
| 9 | ReNew Energy Global | 317.68 Mn | 100.91 Mn | 275.78 Mn | 0.35 |
| 10 | Stem | 65.58 Mn | 29.38 Mn | 10.86 Mn | -0.15 |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -0.15 |
| Dec 31, 2025 | -0.57 |
| Sep 30, 2025 | -0.19 |
| Jun 30, 2025 | -0.66 |
| Mar 31, 2025 | -0.13 |
| Dec 31, 2024 | -0.15 |
| Sep 30, 2024 | -0.17 |
| Jun 30, 2024 | -0.31 |
| Mar 31, 2024 | 0.17 |
| Dec 31, 2023 | 0.16 |
| Sep 30, 2023 | 0.04 |
| Jun 30, 2023 | 0.03 |
| Mar 31, 2023 | 0.15 |
| Dec 31, 2022 | 0.14 |
| Sep 30, 2022 | 0.03 |
| Jun 30, 2022 | 0.03 |
| Mar 31, 2022 | 0.13 |
| Dec 31, 2021 | 0.13 |
| Sep 30, 2021 | 0.03 |
| Jun 30, 2021 | 0.01 |