Stem, Inc. (STEM) Financial Ratios
8 years of historical data (2018–2025) · Technology · Software - Infrastructure
EV/EBITDA
N/A
—
5yr avg: N/A
P/FCF
10.21
↓-45% vs avg
5yr avg: 18.62
30Y Low18.6·High18.6
P/B Ratio
↓
N/A
—
5yr avg: 2.30
30Y Low1.4·High3.0
ROE
↓
N/A
—
5yr avg: -1502.8%
30Y Low-48%·High-20%
Debt/EBITDA
N/A
—
5yr avg: N/A
30Y Low0.0·High0.0
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
STEM Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
Stem, Inc. currently has a negative P/E ratio, indicating the company is operating at a loss on a trailing-twelve-month basis. On a free-cash-flow basis, the stock trades at 10.2x P/FCF, 45% below the 5-year average of 18.6x.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $70M | $128M | $97M | $604M | $1.4B | $2.0B | $820M | — | — |
| Enterprise Value | $390M | $447M | $583M | $1.0B | $1.7B | $1.6B | $919M | — | — |
| P/E Ratio → | -0.90 | — | — | — | — | — | — | — | — |
| P/S Ratio | 0.45 | 0.82 | 0.67 | 1.31 | 3.78 | 15.72 | 22.58 | — | — |
| P/B Ratio | — | — | — | 1.41 | 2.48 | 3.00 | — | — | — |
| P/FCF | 10.21 | 18.62 | — | — | — | — | — | — | — |
| P/OCF | 10.21 | 18.62 | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
STEM EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | 2.86 | 4.03 | 2.24 | 4.81 | 12.57 | 25.31 | — | — |
| EV / EBITDA | — | — | — | — | — | — | — | — | — |
| EV / EBIT | — | 2.76 | — | — | — | — | — | — | — |
| EV / FCF | — | 65.22 | — | — | — | — | — | — | — |
STEM Profitability
Margins and return-on-capital ratios measuring operating efficiency
Stem, Inc. earns an operating margin of -35.6%. Operating margins have expanded from -38.9% to -35.6% over the past 3 years, signaling improving operational efficiency.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 38.4% | 38.4% | -7.6% | 0.8% | 9.1% | 1.0% | -10.8% | -18.6% | -37.8% |
| Operating Margin | -35.6% | -35.6% | -580.6% | -38.9% | -36.1% | -65.2% | -136.0% | -272.6% | -0.1% |
| Net Profit Margin | 88.2% | 88.2% | -590.7% | -30.4% | -34.2% | -79.5% | -430.0% | -338.5% | -0.1% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| ROE | — | — | -5920.8% | -28.7% | -20.3% | -41.3% | — | — | -48.3% |
| ROA | 36.9% | 36.9% | -95.2% | -10.1% | -9.5% | -14.5% | -79.3% | -63.0% | -1.7% |
| ROIC | -52.6% | -52.6% | -133.1% | -15.1% | -16.5% | -66.0% | -172.1% | -59.2% | -19.0% |
| ROCE | -22.0% | -22.0% | -118.7% | -15.9% | -11.6% | -14.8% | -105.0% | -121.6% | -48.4% |
STEM Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
Net debt stands at $320M ($369M total debt minus $49M cash). Interest coverage of 6.8x is adequate, though a cyclical earnings downturn could tighten the margin of safety.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | — | — | — | 1.26 | 0.84 | 0.52 | — | — | 10.38 |
| Debt / EBITDA | — | — | — | — | — | — | — | — | 0.04 |
| Net Debt / Equity | — | — | — | 1.01 | 0.68 | -0.60 | — | — | 0.91 |
| Net Debt / EBITDA | — | — | — | — | — | — | — | — | 0.00 |
| Debt / FCF | — | 46.60 | — | — | — | — | — | — | — |
| Interest Coverage | 6.78 | 6.78 | -45.67 | -8.35 | -12.30 | -4.82 | -6.50 | -3.79 | — |
STEM Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.91x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 1.88x to 0.91x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.91 | 0.91 | 1.06 | 1.88 | 2.00 | 11.64 | 0.26 | 0.26 | 0.34 |
| Quick Ratio | 0.86 | 0.86 | 0.98 | 1.78 | 1.96 | 11.38 | 0.15 | 0.23 | -3.97 |
| Cash Ratio | 0.44 | 0.44 | 0.44 | 0.45 | 0.94 | 10.47 | 0.04 | 0.12 | 0.34 |
| Asset Turnover | — | 0.51 | 0.33 | 0.34 | 0.26 | 0.11 | 0.18 | 0.09 | 14.60 |
| Inventory Turnover | 21.00 | 21.00 | 14.25 | 17.17 | 39.39 | 5.55 | 1.93 | 5.81 | 4.83 |
| Days Sales Outstanding | — | 89.58 | 149.86 | 239.57 | 224.54 | 177.42 | 137.68 | 137.64 | 77.86 |
STEM Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
Stem, Inc. does not currently pay a dividend and has no material buyback yield, reinvesting earnings back into the business.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | — | — | — | — | — | — | — | — | — |
| Payout Ratio | — | — | — | — | — | — | — | — | — |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | — | — | — | — | — | — | — | — | — |
| FCF Yield | 9.8% | 5.4% | — | — | — | — | — | — | — |
| Buyback Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Total Shareholder Yield | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | — | — |
| Shares Outstanding | — | $8M | $8M | $8M | $8M | $5M | $2M | $2M | $2M |
Peer Comparison
Compare STEM with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 STEMYou | $70M | -0.9 | — | 10.2 | 38.4% | -35.6% | — | -52.6% | — |
 FLUX | $15M | -2.1 | — | — | 32.7% | -7.6% | — | -30.1% | — |
 NRGV | $709M | -6.3 | — | — | 23.6% | -36.5% | -96.4% | -49.5% | — |
 GREE | $27M | 4.0 | — | — | 15.3% | -26.6% | — | -258.0% | — |
 GNRC | $16B | 103.8 | 35.9 | 61.1 | 38.3% | 6.9% | 6.2% | 5.9% | 2.8 |
 BE | $79B | -888.9 | 645.3 | 1382.6 | 29.0% | 3.6% | -12.8% | 4.1% | 24.3 |
 FCEL | $1B | -3.2 | — | — | -16.7% | -76.6% | -25.8% | -13.6% | — |
 SHLS | $2B | 52.1 | 29.5 | — | 35.0% | 11.9% | 5.8% | 5.9% | 2.7 |
 ARRY | $1B | -11.0 | 13.3 | 15.4 | 21.2% | 6.6% | -19.0% | 9.0% | 5.8 |
 ENPH | $7B | 40.5 | 31.2 | 71.8 | 46.6% | 11.2% | 17.9% | 6.8% | 5.1 |
 SEDG | $4B | -8.4 | — | 43.7 | 15.3% | -24.1% | -74.7% | -29.5% | — |
| Technology Median | — | 29.0 | 16.7 | 19.2 | 48.8% | 0.2% | 1.6% | 2.7% | 2.9 |
Peer selection based on competitive and market overlap. Compare multiple stocks →
Download Financial Ratios Data
Includes 30+ ratios · 8 years · Updated daily
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STEM — Frequently Asked Questions
Quick answers to the most common questions about buying STEM stock.
What is Stem, Inc.'s P/E ratio?
Stem, Inc.'s current P/E ratio is -0.9x. This places it at the 50th percentile of its historical range.
Is STEM stock overvalued?
Based on historical data, Stem, Inc. is trading at a P/E of -0.9x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What are Stem, Inc.'s profit margins?
Stem, Inc. has 38.4% gross margin and -35.6% operating margin.