What is Stem's net margin?

Stem (STEM) reported net margin of 62.2% in Q3 2025.

How has Stem's net margin changed year-over-year?

Stem's net margin increased by 119.0% year-over-year, from -328.1% to 62.2%.

What is the long-term trend for Stem's net margin?

Over 4 years (2020 to 2024), Stem's net margin has grown at a 8.3% compound annual growth rate (CAGR), from -430% to -590.7%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Stem STEM Net margin

Net margin at other companies

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3.9%-2.4pp

Enphase EnergyENPH

9.6%-0.8pp

Fluence Energy, Inc.FLNC

-0.8%-0.2pp

NextNRG, Inc. Common StockNXXT

-101.1%+60.1pp

One Stop Systems, Inc.OSS

-20.4%+13.1pp

SolarEdge TechnologiesSEDG

-28.6%-13.1pp

Other financials

Income statement

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Revenue$29.0M-10.8%

Gross profit$10.9M+3.0%

Operating income-$14.2M+32.8%

Net income-$18.9M+24.3%

EPS (diluted)-$2.22+27.2%

Balance sheet

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Cash & equivalents$38.4M-36.4%

Total debt$11.0M-12.2%

Total equity-$266.3M+36.2%

Total assets$281.9M-30.4%

Cash flow

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Operating cash flow-$8.3M-197%

CapEx-—

Free cash flow-$8.3M-197%

Valuation

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Market cap$69.95M+25.3%

Enterprise value$42.58M+71.1%

P/E0.5×—

P/S0.5×+0.1×

Profitability

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Gross margin39.5%+23.8pp

Operating margin-31.9%-15.5pp

FCF margin-6.5%-2.6pp

Returns & leverage

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Return on equity-37.8%+35.1pp

Debt / equity0×0.0×

Current ratio0.8×-0.1×

Where this comes from

Calculated from Stem’s reported figures.

net income/total revenue=62.2%

Based on trailing twelve months.

The official record: Stem’s 10-Q, filed October 30, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Stem's net margin?: Stem (STEM) reported net margin of 62.2% in Q3 2025.
How has Stem's net margin changed year-over-year?: Stem's net margin increased by 119.0% year-over-year, from -328.1% to 62.2%.
What is the long-term trend for Stem's net margin?: Over 4 years (2020 to 2024), Stem's net margin has grown at a 8.3% compound annual growth rate (CAGR), from -430% to -590.7%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.