Stem (STEM) Net Margin (2020 - 2026)
Stem (STEM) posted quarterly Net Margin of 65.26% for Q1 2026, up 1164.0% year-over-year from 5.16% in Q1 2025, and down 92.53% quarter-over-quarter from 33.89% in Q4 2025.
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Analysis
Stem (STEM) Net Margin (2020 - 2026) Analysis & Trends
Stem's Net Margin history runs 7 years deep, the most recent figure standing at 65.26% for Q1 2026.
- In Q1 2026, Net Margin rose 1164.0% year-over-year to 65.26%; the TTM figure through Mar 2026 stood at 94.16% (up 62620.0% YoY), while the FY2025 annual figure was 88.16%, up 67883.0% from the prior year.
- Net Margin for Q1 2026 stood at 65.26%, down from 33.89% in the prior quarter.
- The five-year high for Net Margin was 527.78% in Q2 2025, with the low at 1712.61% in Q2 2024.
- The 5-year median for Net Margin is 57.63% (2023), against an average of 152.39%.
- The sharpest annual moves came in 2024 and 2025: Net Margin slumped 173318 bps in 2024, then surged 224039 bps in 2025.
- Stem's Net Margin stood at 22.69% in 2022, then advanced by 1 bps to 22.51% in 2023, then slumped by 307 bps to 91.6% in 2024, then soared by 63 bps to 33.89% in 2025, then sank by 93 bps to 65.26% in 2026.
- Business Quant data shows STEM's Net Margin at 65.26% in Q1 2026, 33.89% in Q4 2025, and 62.22% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | AXIA Energia | 30.72 Bn | 28.40 Bn | 2.59 Bn | 511.48% |
| 2 | Enlight Renewable Energy | 9.46 Bn | 8.16 Bn | 117.49 Mn | 18.78% |
| 3 | Ormat Technologies | 6.42 Bn | 5.77 Bn | 68.70 Mn | 10.37% |
| 4 | Brookfield Renewable Partners | 4.65 Bn | 2.41 Bn | 927.00 Mn | -0.47% |
| 5 | Clearway Energy | 3.45 Bn | 3.11 Bn | 332.00 Mn | 6.24% |
| 6 | ReNew Energy Global | 2.48 Bn | 2.09 Bn | - | 0.04% |
| 7 | Fluence Energy | 1.46 Bn | 894.31 Mn | 33.24 Mn | -6.82% |
| 8 | XPLR Infrastructure | 1.12 Bn | 1.12 Bn | 219.00 Mn | 3.58% |
| 9 | Energy Vault Holdings | 621.58 Mn | 514.23 Mn | 5.38 Mn | -171.21% |
| 10 | Stem | 50.02 Mn | 11.60 Mn | 13.89 Mn | -42.74% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -42.74% |
| Mar 31, 2026 | -65.26% |
| Dec 31, 2025 | -33.89% |
| Sep 30, 2025 | -62.22% |
| Jun 30, 2025 | 527.78% |
| Mar 31, 2025 | -77.02% |
| Dec 31, 2024 | -91.60% |
| Sep 30, 2024 | -506.30% |
| Jun 30, 2024 | -1,712.61% |
| Mar 31, 2024 | -284.09% |
| Dec 31, 2023 | -22.48% |
| Sep 30, 2023 | -57.63% |
| Jun 30, 2023 | 20.57% |
| Mar 31, 2023 | -66.42% |
| Dec 31, 2022 | -22.69% |
| Sep 30, 2022 | -34.45% |
| Jun 30, 2022 | -47.83% |
| Mar 31, 2022 | -54.72% |
| Dec 31, 2021 | -64.52% |
| Sep 30, 2021 | 290.24% |