Stem (STEM) EBITDA Margin (2020 - 2026)
Stem (STEM) posted quarterly EBITDA Margin of 49.01% for Q1 2026, up 1603.0% year-over-year from 2.88% in Q1 2025, and down 176.86% quarter-over-quarter from 17.7% in Q4 2025.
Stem (STEM) EBITDA Margin (2020 - 2026) Analysis & Trends
Stem's EBITDA Margin history runs 7 years deep, the most recent figure standing at 49.01% for Q1 2026.
- In Q1 2026, EBITDA Margin rose 1603.0% year-over-year to 49.01%; the TTM figure through Mar 2026 stood at 31.92% (up 49081.0% YoY), while the FY2025 annual figure was 35.64%, up 54496.0% from the prior year.
- EBITDA Margin for Q1 2026 stood at 49.01%, down from 17.7% in the prior quarter.
- The five-year high for EBITDA Margin was 17.7% in Q4 2025, with the low at 1705.49% in Q2 2024.
- The 5-year median for EBITDA Margin is 49.01% (2026), against an average of 182.72%.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin sank 166797 bps in 2024, then surged 167071 bps in 2025.
- Stem's EBITDA Margin stood at 21.71% in 2022, then gained by 8 bps to 20.02% in 2023, then slumped by 322 bps to 84.45% in 2024, then soared by 79 bps to 17.7% in 2025, then tumbled by 177 bps to 49.01% in 2026.
- Business Quant data shows STEM's EBITDA Margin at 49.01% in Q1 2026, 17.7% in Q4 2025, and 33.61% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Enlight Renewable Energy | 11.86 Bn | 10.69 Bn | 117.49 Mn | 54.78% |
| 2 | Ormat Technologies | 6.97 Bn | 6.31 Bn | 68.70 Mn | 13.22% |
| 3 | Brookfield Renewable Partners | 4.63 Bn | 2.13 Bn | 623.00 Mn | -42.84% |
| 4 | Clearway Energy | 3.79 Bn | 3.45 Bn | 332.00 Mn | 24.12% |
| 5 | ReNew Energy Global | 2.48 Bn | 2.06 Bn | 269.00 Mn | 74.34% |
| 6 | Fluence Energy | 1.83 Bn | 1.27 Bn | 33.24 Mn | -4.58% |
| 7 | XPLR Infrastructure | 1.08 Bn | 584.55 Mn | - | 16.53% |
| 8 | AXIA Energia | 672.29 Mn | -1.91 Bn | 1.44 Bn | 43.52% |
| 9 | Energy Vault Holdings | 671.14 Mn | 602.39 Mn | 4.79 Mn | -110.61% |
| 10 | Stem | 46.59 Mn | 10.00 Mn | 10.86 Mn | -49.01% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -49.01% |
| Dec 31, 2025 | -17.70% |
| Sep 30, 2025 | -33.61% |
| Jun 30, 2025 | -34.77% |
| Mar 31, 2025 | -65.05% |
| Dec 31, 2024 | -84.45% |
| Sep 30, 2024 | -493.16% |
| Jun 30, 2024 | -1,705.49% |
| Mar 31, 2024 | -267.04% |
| Dec 31, 2023 | -20.02% |
| Sep 30, 2023 | -51.05% |
| Jun 30, 2023 | -37.52% |
| Mar 31, 2023 | -63.28% |
| Dec 31, 2022 | -21.71% |
| Sep 30, 2022 | -32.76% |
| Jun 30, 2022 | -44.55% |
| Mar 31, 2022 | -85.07% |
| Dec 31, 2021 | -57.18% |
| Sep 30, 2021 | -48.03% |
| Jun 30, 2021 | -123.50% |