Stem (STEM) FCF Margin (2020 - 2026)
Stem (STEM) recorded FCF Margin of 0.94% in Q2 2026, up 56.50 percentage points from -55.56% a year earlier and up 29.62 percentage points from the prior quarter.
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Analysis
Stem (STEM) FCF Margin (2020 - 2026) Analysis & Trends
On a TTM basis, Stem's FCF Margin came in at 7.90% as of Jun 30, 2026, up 31.63 percentage points year-over-year; for FY2025, it came in at 4.42%, up 29.95 percentage points from FY2024.
- Annual FCF Margin has a five-year change of +114.22 percentage points (FY2020 to FY2025).
- Across earlier years, FCF Margin came in at -25.54% in FY2024 (+19.97 pp), -45.50% in FY2023 (-15.58 pp), -29.93% in FY2022 (+52.41 pp) and -82.33% in FY2021 (+27.47 pp).
- Quarterly FCF Margin has ranged from -179.06% in Q2 2023 to 29.79% in Q3 2025 over the past five years.
- On a year-over-year basis, FCF Margin rose in four of the last eight quarters, with an average year-over-year change of +7.74 percentage points.
- Peak year-over-year performance for FCF Margin in the last five years was a gain of 216.40 percentage points in Q2 2022, against a drop of 167.48 percentage points in Q2 2023 at the low end.
- Per Business Quant, the preceding three quarters came in at -28.68% (Q1 2026), 17.61% (Q4 2025) and 29.79% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | 36.77% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 27.59% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 47.15% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | 5.42% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 27.28% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | -0.11% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 28.94% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 47.16% |
| 10 | Stem | 43.72 Mn | -123.76 Mn | 13.89 Mn | 0.94% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.94% |
| Mar 31, 2026 | -28.68% |
| Dec 31, 2025 | 17.61% |
| Sep 30, 2025 | 29.79% |
| Jun 30, 2025 | -55.56% |
| Mar 31, 2025 | 26.23% |
| Dec 31, 2024 | -26.43% |
| Sep 30, 2024 | -32.38% |
| Jun 30, 2024 | -35.30% |
| Mar 31, 2024 | -2.68% |
| Dec 31, 2023 | -1.11% |
| Sep 30, 2023 | -3.20% |
| Jun 30, 2023 | -179.06% |
| Mar 31, 2023 | -55.55% |
| Dec 31, 2022 | -24.78% |
| Sep 30, 2022 | -35.26% |
| Jun 30, 2022 | -11.58% |
| Mar 31, 2022 | -66.40% |
| Dec 31, 2021 | -56.23% |
| Sep 30, 2021 | -69.68% |
API Access
Stem FCF Margin 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=fcf-margin&ticker=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-margin", "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=fcf-margin&ticker=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();