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Stem, Inc. (STEM) 10-Year Financial Performance & Capital Metrics

STEM • • Industrial / General
TechnologyInfrastructure SoftwareAI & Analytics PlatformsAI-Powered Surveillance & Analytics
AboutStem, Inc. operates as a digitally connected and intelligent energy storage network provider in the United States and internationally. It offers energy storage systems sourced from original equipment manufacturers (OEMs). The company also provides Athena, an artificial intelligence platform, which offers battery hardware and software-enabled services to operate the energy storage systems. In addition, it offers system design and engineering services, supply chain management, energy storage value stream optimization, warranty and preventive maintenance plan management, operation and maintenance reporting, and program enrollment and incentive management services. The company serves commercial and industrial enterprises, independent power producers, renewable project developers, and utilities and grid operators. Stem, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.Show more
  • Revenue $145M -68.7%
  • EBITDA -$795M -495.7%
  • Net Income -$854M -508.2%
  • EPS (Diluted) -105.80 -486.2%
  • Gross Margin -7.65% -1063.1%
  • EBITDA Margin -549.94% -1801.4%
  • Operating Margin -580.6% -1394.3%
  • Net Margin -590.67% -1841.4%
  • ROE -5920.78% -20537.5%
  • ROIC -133.07% -783.5%
  • Debt/Equity -
  • Interest Coverage -45.89 -283.3%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Momentum leader: RS Rating 84 (top 16%)
  • ✓Strong 5Y sales CAGR of 52.5%

✗Weaknesses

  • ✗Weak Piotroski F-Score: 1/9
  • ✗Negative free cash flow
  • ✗Low quality earnings: Net income not backed by cash flow
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y52.46%
3Y4.32%
TTM-35.61%

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM112.21%

EPS CAGR

10Y-
5Y-
3Y-
TTM-22780.54%

ROCE

10Y Avg-62.28%
5Y Avg-53.21%
3Y Avg-48.72%
Latest-118.7%

Peer Comparison

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Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
PLTRPalantir Technologies Inc.408.8B178.96941.8928.79%28.11%16.38%0.28%0.05
CCCCCC Intelligent Solutions Holdings Inc.5.25B8.19201.239.05%-0.28%-0.13%4.4%0.42
ODDOddity Tech Ltd.1.55B33.8120.3727.2%14.11%28.94%8.36%0.08
MLGOMicroAlgo Inc.58.21M5.329.67-9.22%11.11%2.12%6.99%0.16
STEMStem, Inc.158.41M18.88-0.18-68.67%62.2%-59.21%
MSAIMultiSensor AI Holdings, Inc.25.16M0.31-0.2936.32%-223.26%-150.02%0.03
WRDWeRide Inc.2.86B8.81-0.96-10.13%-6.97%-125.4%0.02
AISPAirship AI Holdings, Inc.107.31M3.14-1.6587.4%-364.1%

Profit & Loss

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Sales/Revenue+7.03M17.55M36.31M127.37M362.98M461.51M144.58M
Revenue Growth %-1.5%1.07%2.51%1.85%0.27%-0.69%
Cost of Goods Sold+9.69M20.81M40.22M126.12M329.89M457.85M155.64M
COGS % of Revenue1.38%1.19%1.11%0.99%0.91%0.99%1.08%
Gross Profit+-2.66M-3.26M-3.91M1.25M33.09M3.67M-11.06M
Gross Margin %-0.38%-0.19%-0.11%0.01%0.09%0.01%-0.08%
Gross Profit Growth %--0.23%-0.2%1.32%25.54%-0.89%-4.02%
Operating Expenses+8.15K44.59M45.48M84.32M164.21M182.98M828.4M
OpEx % of Revenue0%2.54%1.25%0.66%0.45%0.4%5.73%
Selling, General & Admin3.45K29.89M29.53M61.6M125.91M126.47M125.83M
SG&A % of Revenue0%1.7%0.81%0.48%0.35%0.27%0.87%
Research & Development12.68M14.7M15.94M22.72M38.3M56.51M51.28M
R&D % of Revenue1.8%0.84%0.44%0.18%0.11%0.12%0.35%
Other Operating Expenses-4.7K00000651.29M
Operating Income+-8.15K-47.85M-49.39M-83.07M-131.12M-179.31M-839.46M
Operating Margin %-0%-2.73%-1.36%-0.65%-0.36%-0.39%-5.81%
Operating Income Growth %--5870.17%-0.03%-0.68%-0.58%-0.37%-3.68%
EBITDA+4.89M-33.96M-31.06M-62.25M-90.05M-133.48M-795.12M
EBITDA Margin %0.7%-1.93%-0.86%-0.49%-0.25%-0.29%-5.5%
EBITDA Growth %--7.94%0.09%-1%-0.45%-0.48%-4.96%
D&A (Non-Cash Add-back)4.9M13.89M18.32M20.82M41.07M45.83M44.34M
EBIT-8.14K-47.55M-135.31M-83.82M-128.75M-125M-835.39M
Net Interest Income+0-12.55M-20.81M-17.39M-10.47M-14.98M-18.29M
Interest Income5.53M000000
Interest Expense012.55M20.81M17.39M10.47M14.98M18.29M
Other Income/Expense-49.03M-11.56M-106.73M-18.14M-8.09M39.33M-14.23M
Pretax Income+-8.14K-59.41M-156.12M-101.21M-139.22M-139.98M-853.68M
Pretax Margin %-0%-3.38%-4.3%-0.79%-0.38%-0.3%-5.9%
Income Tax+13K6K5K0-15.16M433K332K
Effective Tax Rate %1%1%1%1%0.89%1%1%
Net Income+-8.14K-59.41M-156.12M-101.21M-124.05M-140.41M-854.01M
Net Margin %-0%-3.39%-4.3%-0.79%-0.34%-0.3%-5.91%
Net Income Growth %--7294.43%-1.63%0.35%-0.23%-0.13%-5.08%
Net Income (Continuing)-8.14K-59.41M-156.12M-101.21M-124.05M-140.41M-854.01M
Discontinued Operations0000000
Minority Interest0000541K485K541K
EPS (Diluted)+-0.00-0.00-77.94-19.18-16.17-18.05-105.80
EPS Growth %---0.75%0.16%-0.12%-4.86%
EPS (Basic)-0.00-0.00-77.94-19.18-16.17-18.05-105.80
Diluted Shares Outstanding2.4M2.4M2M5.28M7.67M7.78M8.07M
Basic Shares Outstanding2.4M2.4M2M5.28M7.67M7.78M8.07M
Dividend Payout Ratio-------

Balance Sheet

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Total Current Assets+159.67K28.8M49.28M1.02B532.75M472.96M136.62M
Cash & Short-Term Investments159.67K12.89M6.94M920.79M249.98M113.59M56.3M
Cash Only159.67K12.89M6.94M747.78M87.9M105.38M56.3M
Short-Term Investments000173.01M162.07M8.22M0
Accounts Receivable1.5M6.62M13.7M61.91M223.29M302.92M59.36M
Days Sales Outstanding77.86137.64137.68177.42224.54239.57149.86
Inventory2.01M3.58M20.84M22.72M8.37M26.66M10.92M
Days Inventory Outstanding75.662.79189.1665.759.2721.2625.61
Other Current Assets27.26M4.84M7.1M15.29M45.35M23.66M4.2M
Total Non-Current Assets+322.08K159.25M156.57M167.98M889.14M884.01M300.74M
Property, Plant & Equipment103.17M132.59M124.11M119.62M105.35M89.49M73.51M
Fixed Asset Turnover0.07x0.13x0.29x1.06x3.45x5.16x1.97x
Goodwill1.63M1.7M1.74M1.74M546.65M547.21M0
Intangible Assets8.66M10.7M12.09M13.97M162.26M157.15M143.91M
Long-Term Investments767K843K744K1.92M1.97M2.09M2.25M
Other Non-Current Assets322.08K13.43M17.9M30.73M72.91M88.08M81.07M
Total Assets+481.75K188.05M205.85M1.19B1.42B1.36B437.36M
Asset Turnover14.60x0.09x0.18x0.11x0.26x0.34x0.33x
Asset Growth %-389.34%0.09%4.79%0.19%-0.05%-0.68%
Total Current Liabilities+464.89K109.35M190.51M87.97M267M251.08M128.8M
Accounts Payable012.69M13.75M28.27M83.83M78.28M30.15M
Days Payables Outstanding-222.57124.7881.8292.7562.470.7
Short-Term Debt175K70.19M101.27M15.28M000
Deferred Revenue (Current)-1000K01000K1000K1000K1000K1000K
Other Current Liabilities-13.75M12.94M15.77M275K17.87M24.58M20.16M
Current Ratio0.34x0.26x0.26x11.64x2.00x1.88x1.06x
Quick Ratio-3.97x0.23x0.15x11.38x1.96x1.78x0.98x
Cash Conversion Cycle--22.14202.06161.35141.05198.43104.77
Total Non-Current Liabilities+70.14M97.14M192.74M436.04M602.73M679.22M706.39M
Long-Term Debt53.84M81.21M4.61M318.23M449.51M523.63M525.92M
Capital Lease Obligations1.26M390K57K12.18M10.96M10.46M13.34M
Deferred Tax Liabilities0000000
Other Non-Current Liabilities15.03M15.54M172.61M77.34M68.49M56.48M81.23M
Total Liabilities464.89K206.49M383.26M524M869.73M930.3M835.19M
Total Debt+175K152.44M106.28M346.93M463.05M537.04M542.02M
Net Debt15.33K139.55M99.33M-400.85M375.14M431.66M485.72M
Debt / Equity10.38x--0.52x0.84x1.26x-
Debt / EBITDA0.04x------
Net Debt / EBITDA0.00x------
Interest Coverage--3.81x-2.37x-4.78x-12.53x-11.97x-45.89x
Total Equity+16.86K-18.44M-177.41M667.83M552.17M426.68M-397.83M
Equity Growth %--1094.85%-8.62%4.76%-0.17%-0.23%-1.93%
Book Value per Share0.01-7.69-88.56126.5371.9854.85-49.28
Total Shareholders' Equity16.86K-18.44M-177.41M667.83M551.63M426.2M-398.37M
Common Stock1.01K04K14K15K16K16K
Retained Earnings-8.14K-259.05M-407.84M-509.05M-632.08M-772.49M-1.63B
Treasury Stock0000000
Accumulated OCI-220.63M54K-192K20K-1.67M-42K76K
Minority Interest0000541K485K541K

Cash Flow

Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024
Cash from Operations+-2.58K-29.68M-33.67M-101.27M-106.03M-207.38M-36.65M
Operating CF Margin %-0%-1.69%-0.93%-0.8%-0.29%-0.45%-0.25%
Operating CF Growth %--11511.02%-0.13%-2.01%-0.05%-0.96%0.82%
Net Income-8.14K-59.41M-156.12M-101.21M-124.05M-140.41M-854.01M
Depreciation & Amortization4.9M13.89M17.74M24.47M41.07M46.27M44.99M
Stock-Based Compensation1.26M1.53M4.54M13.55M045.11M18.47M
Deferred Taxes0-1.2M85.72M10.74M0-335K0
Other Non-Cash Items-8715.89M10.85M10.72M29.21M-40.46M694.14M
Working Capital Changes5.57K9.62M3.6M-59.54M-52.26M-117.55M59.77M
Change in Receivables-203K-5.11M-6.99M-48.13M-155.82M-80.89M133.06M
Change in Inventory1.23M-1.55M-17.26M-1.88M18.61M-18.29M2.77M
Change in Payables8718.58M-1.27M8.05M53.26M-5.24M-48.15M
Cash from Investing+-64.38M-46.36M-12.04M-185.23M-543.83M135.73M-3.52M
Capital Expenditures-55.53M-46.36M-12.04M-10.17M-20.87M-4.14M-217K
CapEx % of Revenue7.9%2.64%0.33%0.08%0.06%0.01%0%
Acquisitions-------
Investments-------
Other Investing-5.26M0000-14.01M-11.55M
Cash from Financing+162.25K67.2M40.29M1.03B-9.81M90.24M-8.44M
Debt Issued (Net)-------
Equity Issued (Net)-------
Dividends Paid0000000
Share Repurchases-------
Other Financing-41.45M25.04M5.53M469.25M-2.3M-40.31M56K
Net Change in Cash-------
Free Cash Flow+-55.53M-76.04M-45.71M-111.44M-110.13M-225.61M-48.42M
FCF Margin %-7.9%-4.33%-1.26%-0.87%-0.3%-0.49%-0.33%
FCF Growth %--0.37%0.4%-1.44%0.01%-1.05%0.79%
FCF per Share-23.16-31.72-22.82-21.11-14.36-29.00-6.00
FCF Conversion (FCF/Net Income)0.32x0.50x0.22x1.00x0.85x1.48x0.04x
Interest Paid0000014.59M16.2M
Taxes Paid00000235K680K

Key Ratios

Metric2018201920202021202220232024
Return on Equity (ROE)-48.32%---41.28%-20.34%-28.69%-5920.78%
Return on Invested Capital (ROIC)-18.99%-59.25%-172.15%-65.97%-16.47%-15.06%-133.07%
Gross Margin-37.8%-18.57%-10.77%0.98%9.12%0.79%-7.65%
Net Margin-0.12%-338.5%-430.01%-79.46%-34.18%-30.42%-590.67%
Debt / Equity10.38x--0.52x0.84x1.26x-
Interest Coverage--3.81x-2.37x-4.78x-12.53x-11.97x-45.89x
FCF Conversion0.32x0.50x0.22x1.00x0.85x1.48x0.04x
Revenue Growth-149.6%106.85%250.82%184.98%27.15%-68.67%

Revenue by Segment

2021202220232024
Hardware106.91M310.84M398.97M76.77M
Hardware Growth-190.75%28.35%-80.76%
Service20.46M52.14M62.55M67.81M
Service Growth-154.82%19.95%8.41%

Revenue by Geography

2021202220232024
Hardware-310.84M398.97M76.77M
Hardware Growth--28.35%-80.76%
Service-52.14M62.55M67.81M
Service Growth--19.95%8.41%

Frequently Asked Questions

Growth & Financials

Stem, Inc. (STEM) reported $164.9M in revenue for fiscal year 2024. This represents a 2246% increase from $7.0M in 2018.

Stem, Inc. (STEM) saw revenue decline by 68.7% over the past year.

Yes, Stem, Inc. (STEM) is profitable, generating $102.6M in net income for fiscal year 2024 (-590.7% net margin).

Dividend & Returns

Stem, Inc. (STEM) has a return on equity (ROE) of -5920.8%. Negative ROE indicates the company is unprofitable.

Stem, Inc. (STEM) had negative free cash flow of $19.8M in fiscal year 2024, likely due to heavy capital investments.

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