Growth Metrics

Stem (STEM) Operating Margin (2020 - 2025)

Stem has reported Operating Margin over the past 6 years, most recently at 17.7% for Q4 2025.

  • Quarterly results put Operating Margin at 17.7% for Q4 2025, up 6674.0% from a year ago — trailing twelve months through Dec 2025 was 35.64% (up 54496.0% YoY), and the annual figure for FY2025 was 35.64%, up 54496.0%.
  • Operating Margin for Q4 2025 was 17.7% at Stem, up from 33.61% in the prior quarter.
  • Over the last five years, Operating Margin for STEM hit a ceiling of 17.7% in Q4 2025 and a floor of 1705.49% in Q2 2024.
  • Median Operating Margin over the past 5 years was 54.12% (2021), compared with a mean of 167.5%.
  • Biggest five-year swings in Operating Margin: tumbled -166797bps in 2024 and later surged 167071bps in 2025.
  • Stem's Operating Margin stood at 57.18% in 2021, then skyrocketed by 62bps to 21.71% in 2022, then rose by 8bps to 20.02% in 2023, then plummeted by -322bps to 84.45% in 2024, then surged by 79bps to 17.7% in 2025.
  • The last three reported values for Operating Margin were 17.7% (Q4 2025), 33.61% (Q3 2025), and 34.77% (Q2 2025) per Business Quant data.