Growth Metrics

Stem (STEM) Gross Margin (2020 - 2025)

Stem has reported Gross Margin over the past 6 years, most recently at 48.87% for Q4 2025.

  • Quarterly results put Gross Margin at 48.87% for Q4 2025, up 5324.0% from a year ago — trailing twelve months through Dec 2025 was 38.37% (up 4602.0% YoY), and the annual figure for FY2025 was 38.37%, up 4602.0%.
  • Gross Margin for Q4 2025 was 48.87% at Stem, up from 35.52% in the prior quarter.
  • Over the last five years, Gross Margin for STEM hit a ceiling of 48.87% in Q4 2025 and a floor of 94.98% in Q1 2024.
  • Median Gross Margin over the past 5 years was 8.47% (2022), compared with a mean of 7.32%.
  • Biggest five-year swings in Gross Margin: tumbled -9646bps in 2024 and later skyrocketed 12739bps in 2025.
  • Stem's Gross Margin stood at 3.12% in 2021, then soared by 358bps to 8.06% in 2022, then decreased by -18bps to 6.62% in 2023, then tumbled by -166bps to 4.37% in 2024, then skyrocketed by 1219bps to 48.87% in 2025.
  • The last three reported values for Gross Margin were 48.87% (Q4 2025), 35.52% (Q3 2025), and 33.36% (Q2 2025) per Business Quant data.