Stem profit margin STEM
Gross, operating and net profit as a share of revenue over the last twelve months, from 2021.
- Net margin, 12 months
- −49.4%
- Operating margin, 12 months
- −29.1%
- Net margin on a year earlier
- −35.3 pts
- Peer median
- 6.2%
Over the twelve months to Jun 30, 2026, Stem kept −49.4% of its revenue as net profit, with an operating margin of −29.1% and a gross margin of 41.5%.
The median for 10 infrastructure software stocks of a similar size is 6.2%.
Profit margin over time
Fiscal year by fiscal year
| Fiscal year | Net margin | Operating margin | Gross margin |
|---|---|---|---|
| FY2025 | 88.2% | −35.6% | 38.4% |
| FY2024 | n/a | n/a | −7.6% |
| FY2023 | −30.4% | −38.9% | 0.8% |
| FY2022 | −34.2% | −36.1% | 9.1% |
| FY2021 | −79.5% | −65.2% | 1.0% |
| FY2020 | n/a | n/a | −10.8% |
| FY2019 | n/a | n/a | n/a |
Quarter by quarter
| Quarter | Ended | Net margin, 12 months | Change on a year | Operating margin |
|---|---|---|---|---|
| Q2 FY26 | −49.4% | −35.3 pts | −29.1% | |
| Q1 FY26 | 94.2% | n/a | −31.9% | |
| Q4 FY25 | 88.2% | n/a | −35.6% | |
| Q3 FY25 | 62.2% | n/a | −57.3% | |
| Q2 FY25 | −14.0% | n/a | n/a | |
| Q1 FY25 | n/a | n/a | n/a | |
| Q4 FY24 | n/a | n/a | n/a | |
| Q3 FY24 | n/a | n/a | n/a | |
| Q2 FY24 | n/a | n/a | n/a | |
| Q1 FY24 | −40.0% | −2.4 pts | −48.8% | |
| Q4 FY23 | −30.4% | +3.8 pts | −38.9% | |
| Q3 FY23 | −30.7% | +16.5 pts | −39.9% |
Against its peers
Companies in Software - Infrastructure nearest Stem's size, closest first, today.
| Company | Profit margin |
|---|---|
| STEMStem | −49.4% |
| FIEEFiEE | n/m |
| MSGMMotorsport Games | 16.2% |
| IDNIntellicheck | 13.0% |
| WFCFWhere Food Comes From | 5.8% |
| CCLDCareCloud | 6.2% |
| FATNFatpipe | n/m |
| NTWKNetsol Technologies | 4.0% |
| EGANEGAIN | 9.7% |
| MKLYMcKinley Acquisition | n/m |
| RBBNRibbon Communications | 2.0% |
| Peer median | 6.2% |
What the profit margin tells you
Profit as a share of revenue at three levels: gross (after making the product), operating (after running the business) and net (after everything, including tax and interest).
Compare within an industry. 10% is superb for a retailer and poor for a software company.
More on Stem
Valuation data, not investment advice. Prices as of . Reported figures come from the company's filings with the SEC.