Stem annual gross margin
2019
2020
2021
2022
2023
2024
2025
Stem Gross Margin Growth & History (STEM)
Stem's gross margin was 38.37% for fiscal 2025.
View full Stem company overviewStem annual gross margin history
| Fiscal year | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | 38.37% | +46.02 pp |
| 2024 | 2024-12-31 | −7.65% | −8.44 pp |
| 2023 | 2023-12-31 | 0.79% | −8.32 pp |
| 2022 | 2022-12-31 | 9.12% | +8.14 pp |
| 2021 | 2021-12-31 | 0.98% | +11.75 pp |
| 2020 | 2020-12-31 | −10.77% | +7.80 pp |
| 2019 | 2019-12-31 | −18.57% | — |
Stem quarterly gross margin
Q2.20
Q3.20
Q1.21
Q2.21
Q3.21
Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
Q1.23
Q2.23
Q3.23
Q4.23
Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Gross margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | 41.26% | +7.91 pp |
| Q1 2026 | 2026-03-31 | 37.44% | +5.03 pp |
| Q4 2025 | 2025-12-31 | 48.87% | +53.24 pp |
| Q3 2025 | 2025-09-30 | 35.52% | +14.36 pp |
| Q2 2025 | 2025-06-30 | 33.36% | +5.78 pp |
| Q1 2025 | 2025-03-31 | 32.41% | +127.39 pp |
| Q4 2024 | 2024-12-31 | −4.37% | −10.99 pp |
| Q3 2024 | 2024-09-30 | 21.15% | +36.33 pp |
| Q2 2024 | 2024-06-30 | 27.57% | +14.80 pp |
| Q1 2024 | 2024-03-31 | −94.98% | −96.46 pp |
| Q4 2023 | 2023-12-31 | 6.62% | −1.44 pp |
| Q3 2023 | 2023-09-30 | −15.17% | −24.34 pp |
| Q2 2023 | 2023-06-30 | 12.77% | +1.14 pp |
| Q1 2023 | 2023-03-31 | 1.47% | −7.39 pp |
| Q4 2022 | 2022-12-31 | 8.06% | +11.18 pp |
| Q3 2022 | 2022-09-30 | 9.17% | +1.30 pp |
| Q2 2022 | 2022-06-30 | 11.63% | +12.29 pp |
| Q1 2022 | 2022-03-31 | 8.87% | +9.63 pp |
| Q4 2021 | 2021-12-31 | −3.12% | +15.74 pp |
| Q3 2021 | 2021-09-30 | 7.88% | +47.72 pp |
| Q2 2021 | 2021-06-30 | −0.66% | — |
| Q1 2021 | 2021-03-31 | −0.76% | — |
| Q3 2020 | 2020-09-30 | −18.86% | — |
| Q2 2020 | 2020-06-30 | −39.85% | — |
Stem gross margin trends
Over the last five reported fiscal years, Stem's gross margin increased from −10.77% to 38.37%, a change of +49.14 percentage points. The latest reported quarter, Q2 2026, shows 41.26%.
About the metric
What gross margin means
Gross margin measures the percentage of revenue remaining after the direct costs of producing goods or services. It helps show how efficiently a company turns sales into gross profit before operating expenses.
Calculation and source
How gross margin is calculated
TickerStat calculates gross margin as SEC-reported gross profit divided by SEC-reported revenue for the same fiscal period. Changes are shown in percentage points. Fiscal periods can differ from calendar years, so exact period-end dates are included.
Review Stem filings at SEC.gov ↗