Stem (STEM) Net Margin (2020 - 2026)
Stem (STEM) recorded quarterly Net Margin of 65.22% in Q1 2026, down 92.41% quarter-over-quarter from 33.89% in Q4 2025, and up 1168.0% on a YoY basis from 5.14% in Q1 2025.
Stem (STEM) Net Margin (2020 - 2026) Analysis & Trends
Stem's Net Margin history runs 7 years deep, the most recent figure standing at 65.22% for Q1 2026.
- In Q1 2026, Net Margin rose 1168.0% year-over-year to 65.22%; the TTM figure through Mar 2026 stood at 94.17% (up 62620.0% YoY), while the FY2025 annual figure was 88.16%, up 67883.0% from the prior year.
- Net Margin was 65.22% for Q1 2026 at Stem, down from 33.89% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 527.78% in Q2 2025 to a low of 1712.61% in Q2 2024.
- Historically, Net Margin has averaged 156.13% across 5 years, with a median of 57.63% in 2023.
- The sharpest annual moves came in 2024 and 2025: Net Margin plunged 166956 bps in 2024, then soared 224039 bps in 2025.
- A 5-year view of Net Margin shows it stood at 22.69% in 2022, then climbed by 1 bps to 22.51% in 2023, then tumbled by 307 bps to 91.6% in 2024, then jumped by 63 bps to 33.89% in 2025, then slumped by 92 bps to 65.22% in 2026.
- The last three Net Margin figures came in at 65.22% (Q1 2026), 33.89% (Q4 2025), and 62.22% (Q3 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 186.46 Bn | 183.75 Bn | 1.44 Bn | - |
| 2 | Enlight Renewable Energy | 11.26 Bn | 10.73 Bn | 85.64 Mn | 11.49% |
| 3 | Ormat Technologies | 8.50 Bn | 8.35 Bn | 78.83 Mn | -37.67% |
| 4 | Fluence Energy | 3.04 Bn | 2.71 Bn | 46.63 Mn | -4.50% |
| 5 | Clearway Energy | 1.39 Bn | 4.74 Bn | 220.00 Mn | -19.21% |
| 6 | XPLR Infrastructure | 1.09 Bn | 8.62 Bn | 141.00 Mn | - |
| 7 | Energy Vault Holdings | 940.11 Mn | 894.68 Mn | 4.79 Mn | -148.48% |
| 8 | Ellomay Capital | 694.29 Mn | 616.52 Mn | 1,508.00 | -0.12% |
| 9 | ReNew Energy Global | 317.68 Mn | 100.91 Mn | 275.78 Mn | 2.51% |
| 10 | Stem | 65.58 Mn | 29.38 Mn | 10.86 Mn | -65.22% |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -65.22% |
| Dec 31, 2025 | -33.89% |
| Sep 30, 2025 | -62.22% |
| Jun 30, 2025 | 527.78% |
| Mar 31, 2025 | -76.89% |
| Dec 31, 2024 | -91.60% |
| Sep 30, 2024 | -506.30% |
| Jun 30, 2024 | -1,712.61% |
| Mar 31, 2024 | -283.90% |
| Dec 31, 2023 | -22.51% |
| Sep 30, 2023 | -57.63% |
| Jun 30, 2023 | -43.05% |
| Mar 31, 2023 | -66.42% |
| Dec 31, 2022 | -22.69% |
| Sep 30, 2022 | -34.45% |
| Jun 30, 2022 | -47.83% |
| Mar 31, 2022 | -54.75% |
| Dec 31, 2021 | -64.52% |
| Sep 30, 2021 | 290.24% |
| Jun 30, 2021 | -518.26% |