Stem (STEM) EBITDA Margin (2020 - 2026)
Stem (STEM) recorded quarterly EBITDA Margin of 49.01% in Q1 2026, down 176.86% quarter-over-quarter from 17.7% in Q4 2025, and up 1603.0% on a YoY basis from 2.88% in Q1 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 was 49.01% for Q1 2026 at Stem, down from 17.7% in the prior quarter.
- In the past five years, EBITDA Margin ranged from a high of 17.7% in Q4 2025 to a low of 1705.49% in Q2 2024.
- Historically, EBITDA Margin has averaged 182.72% across 5 years, with a median of 49.01% in 2026.
- The sharpest annual moves came in 2024 and 2025: EBITDA Margin slumped 166797 bps in 2024, then soared 167071 bps in 2025.
- A 5-year view of EBITDA Margin shows it stood at 21.71% in 2022, then advanced by 8 bps to 20.02% in 2023, then tumbled by 322 bps to 84.45% in 2024, then jumped by 79 bps to 17.7% in 2025, then plunged by 177 bps to 49.01% in 2026.
- The last three EBITDA Margin figures came in at 49.01% (Q1 2026), 17.7% (Q4 2025), and 33.61% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 186.46 Bn | 183.75 Bn | 1.44 Bn | 43.52% |
| 2 | Enlight Renewable Energy | 11.26 Bn | 10.73 Bn | 85.64 Mn | 79.38% |
| 3 | Ormat Technologies | 8.50 Bn | 8.35 Bn | 78.83 Mn | 13.21% |
| 4 | Fluence Energy | 3.04 Bn | 2.71 Bn | 46.63 Mn | -2.51% |
| 5 | Clearway Energy | 1.39 Bn | 4.74 Bn | 220.00 Mn | 5.65% |
| 6 | XPLR Infrastructure | 1.09 Bn | 8.62 Bn | 141.00 Mn | -6.18% |
| 7 | Energy Vault Holdings | 940.11 Mn | 894.68 Mn | 4.79 Mn | -146.97% |
| 8 | Ellomay Capital | 694.29 Mn | 616.52 Mn | 1,508.00 | -0.04% |
| 9 | ReNew Energy Global | 317.68 Mn | 100.91 Mn | 275.78 Mn | -42.46% |
| 10 | Stem | 65.58 Mn | 29.38 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% |