Stem annual operating margin
2019
2020
2021
2022
2023
2024
2025
Stem Operating Margin Growth & History (STEM)
Stem's operating margin was −35.64% for fiscal 2025.
View full Stem company overviewStem annual operating margin history
| Fiscal year | Period ended | Operating margin | Change (percentage points) |
|---|---|---|---|
| 2025 | 2025-12-31 | −35.64% | +544.96 pp |
| 2024 | 2024-12-31 | −580.60% | −541.75 pp |
| 2023 | 2023-12-31 | −38.85% | −2.73 pp |
| 2022 | 2022-12-31 | −36.12% | +29.10 pp |
| 2021 | 2021-12-31 | −65.22% | +70.80 pp |
| 2020 | 2020-12-31 | −136.03% | +136.59 pp |
| 2019 | 2019-12-31 | −272.62% | — |
Stem quarterly operating 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 | Operating margin | Change (percentage points) |
|---|---|---|---|
| Q2 2026 | 2026-06-30 | −22.79% | +11.98 pp |
| Q1 2026 | 2026-03-31 | −49.01% | +16.03 pp |
| Q4 2025 | 2025-12-31 | −17.70% | +66.74 pp |
| Q3 2025 | 2025-09-30 | −33.61% | +459.55 pp |
| Q2 2025 | 2025-06-30 | −34.77% | +1670.71 pp |
| Q1 2025 | 2025-03-31 | −65.05% | +202.00 pp |
| Q4 2024 | 2024-12-31 | −84.45% | −64.43 pp |
| Q3 2024 | 2024-09-30 | −493.16% | −442.11 pp |
| Q2 2024 | 2024-06-30 | −1,705.49% | −1667.97 pp |
| Q1 2024 | 2024-03-31 | −267.04% | −203.76 pp |
| Q4 2023 | 2023-12-31 | −20.02% | +1.69 pp |
| Q3 2023 | 2023-09-30 | −51.05% | −18.29 pp |
| Q2 2023 | 2023-06-30 | −37.52% | +7.03 pp |
| Q1 2023 | 2023-03-31 | −63.28% | +21.79 pp |
| Q4 2022 | 2022-12-31 | −21.71% | +35.47 pp |
| Q3 2022 | 2022-09-30 | −32.76% | +15.26 pp |
| Q2 2022 | 2022-06-30 | −44.55% | +78.95 pp |
| Q1 2022 | 2022-03-31 | −85.07% | −20.98 pp |
| Q4 2021 | 2021-12-31 | −57.18% | +78.78 pp |
| Q3 2021 | 2021-09-30 | −48.03% | +226.24 pp |
| Q2 2021 | 2021-06-30 | −123.50% | — |
| Q1 2021 | 2021-03-31 | −64.09% | — |
| Q3 2020 | 2020-09-30 | −135.96% | — |
| Q2 2020 | 2020-06-30 | −274.26% | — |
Stem operating margin trends
Over the last five reported fiscal years, Stem's operating margin increased from −136.03% to −35.64%, a change of +100.39 percentage points. The latest reported quarter, Q2 2026, shows −22.79%.
About the metric
What operating margin means
Operating margin measures the percentage of revenue left after operating costs and expenses. It shows how much operating profit a company generates from each dollar of revenue.
Calculation and source
How operating margin is calculated
TickerStat calculates operating margin as SEC-reported operating income 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 ↗