Stem (STEM) Net Margin (2020 - 2026)
Stem (STEM) posted Net Margin of -42.74% for Q2 2026, down 570.52 percentage points from 527.78% a year earlier but up 22.52 percentage points from the prior quarter.
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Analysis
Stem (STEM) Net Margin (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Net Margin at Stem was -49.37%, down 35.32 percentage points year-over-year; for FY2025, it came in at 88.16%, up 678.83 percentage points from FY2024.
- Annual Net Margin shows a five-year change of +518.17 percentage points (FY2020 to FY2025).
- In prior years, Stem's Net Margin was -590.67% in FY2024 (-560.25 pp), -30.42% in FY2023 (+3.75 pp), -34.18% in FY2022 (+45.29 pp) and -79.46% in FY2021 (+350.55 pp).
- Quarterly Net Margin has run from a low of -1712.61% in Q2 2024 to a high of 527.78% in Q2 2025 over five years.
- On a year-over-year basis, Net Margin increased in five of the last eight quarters, with an average year-over-year change of +223.48 percentage points.
- The strongest year-over-year quarter for Net Margin in the past five years was Q2 2025, with a gain of 2240.39 percentage points; the weakest was Q2 2024, with a drop of 1669.56 percentage points.
- According to Business Quant data, Net Margin for the three prior quarters was -65.26% (Q1 2026), -33.89% (Q4 2025) and -62.22% (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Palo Alto Networks | 319.55 Bn | 304.63 Bn | 2.30 Bn | -8.27% |
| 2 | CrowdStrike Holdings | 265.46 Bn | 245.90 Bn | 1.10 Bn | 0.36% |
| 3 | Fortinet | 129.36 Bn | 115.29 Bn | 1.64 Bn | 29.61% |
| 4 | Snowflake | 115.65 Bn | 102.97 Bn | 1.04 Bn | -12.39% |
| 5 | Datadog | 96.45 Bn | 78.09 Bn | 881.34 Mn | 3.97% |
| 6 | Axon Enterprise | 34.50 Bn | 29.03 Bn | 546.45 Mn | 3.25% |
| 7 | Okta | 33.79 Bn | 23.89 Bn | 641.00 Mn | 14.41% |
| 8 | Zscaler | 32.51 Bn | 18.63 Bn | - | - |
| 9 | Baidu | 29.59 Bn | -44.04 Bn | 1.47 Mn | 7.38% |
| 10 | Stem | 43.72 Mn | -123.76 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 | -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 | 62.19% |
| Sep 30, 2023 | -57.63% |
| Jun 30, 2023 | -43.05% |
| Mar 31, 2023 | -66.43% |
| Dec 31, 2022 | -22.69% |
| Sep 30, 2022 | -34.45% |
| Jun 30, 2022 | -47.83% |
| Mar 31, 2022 | -54.76% |
| Dec 31, 2021 | -64.52% |
| Sep 30, 2021 | 290.24% |
API Access
Stem Net 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=net-margin&ticker=STEM&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "net-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=net-margin&ticker=STEM&period=max&api_key=YOUR_API_KEY");
const data = await res.json();