Stem, Inc. (STEM) Key Metrics
STEM valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $33.5M
- Enterprise value
- $327.6M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 0.2 10-yr median 1.3
- Price / book
- 0.6
- EV / EBITDA
- 155.1
- Dividend yield
- —
- Beta
- 1.59
STEM key metrics, 2018–2025
Fiscal year ended December 31, 2025 · U.S. dollarsSTEM valuation Price multiples at each fiscal year-end price.
Price / sales+21.4%
0.8
2025 · hover or tap a bar for each year
20182025
Free cash flow yield+55.1 pts
5.4%
2025 · hover or tap a bar for each year
20182025
STEM returns How much profit the business earns on the capital it uses.
Return on invested capital+44.4 pts
−97.1%
2025 · hover or tap a bar for each year
20182025
Return on assets+132.1 pts
36.9%
2025 · hover or tap a bar for each year
20182025
Free cash flow margin+37.9 pts
4.4%
2025 · hover or tap a bar for each year
20182025
Asset turnover+159.9%
0.42
2025 · hover or tap a bar for each year
20182025
STEM per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+2.8%
$18.41
2025 · hover or tap a bar for each year
20182025
Earnings per share
$16.23
2025 · hover or tap a bar for each year
20182025
Free cash flow per share
$0.81
2025 · hover or tap a bar for each year
20182025
Book value per share
−$29.38
2025 · hover or tap a bar for each year
20182025
Shares outstanding+5.2%
8.5M
2025 · hover or tap a bar for each year
20182025
STEM financial health Debt, liquidity and how easily interest is covered.
Net debt−$209.4M
$276.3M
2025 · hover or tap a bar for each year
20182025
Current ratio−14.7%
0.91
2025 · hover or tap a bar for each year
20182025
Interest coverage
-2.3
2025 · hover or tap a bar for each year
20182025
Debt / assets−15.0%
1.05
2025 · hover or tap a bar for each year
20182025
STEM efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−343 days
114 days
2025 · hover or tap a bar for each year
20182025
Days of inventory−15 days
29 days
2025 · hover or tap a bar for each year
20182025
Days payables outstanding−50 days
77 days
2025 · hover or tap a bar for each year
20182025
Cash conversion cycle−307 days
67 days
2025 · hover or tap a bar for each year
20182025
Capex / revenue−3.9 pts
4.2%
2025 · hover or tap a bar for each year
20182025
STEM valuation history
Fiscal year-endToday8-year median
STEM returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
STEM debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
STEM cash returned to shareholders
DividendsBuybacksFree cash flow
STEM price vs earnings per share
Share price at year-endEPS (right axis)
STEM key metrics
2018–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | |
|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||
| Market capitalization | $127.8M | $97.3M | $603.7M | — | $2.00B | $819.7M | — | — |
| Enterprise value | $404.1M | $583.1M | $1.03B | — | $1.43B | $919.0M | — | — |
| P/E ratio | 0.9 | — | — | — | — | — | — | — |
| Price / sales | 0.8 | 0.7 | 1.3 | — | 15.7 | 22.6 | — | — |
| Price / book | — | — | 1.4 | — | 3.0 | — | — | — |
| Price / free cash flow | 18.6 | — | — | — | — | — | — | — |
| Price / operating cash flow | 18.6 | — | — | — | — | — | — | — |
| EV / sales | 2.6 | 4.0 | 2.2 | — | 11.2 | 25.3 | — | — |
| EV / EBITDA | 2.0 | — | — | — | — | — | — | — |
| EV / free cash flow | 58.9 | — | — | — | — | — | — | — |
| Earnings yield | 107.8% | −877.3% | −23.3% | — | −5.1% | −19.0% | — | — |
| Free cash flow yield | 5.4% | −49.7% | −37.4% | — | −5.6% | −5.6% | — | — |
| Dividend yield | — | — | — | — | 6.8% | — | — | — |
| Shareholder yield (dividends + buybacks) | — | — | — | — | 7.4% | 0.0% | — | — |
| Share price at fiscal year-end | $15.05 | $12.06 | $77.60 | $178.80 | $379.40 | $409.20 | — | — |
| Per share | ||||||||
| Revenue per share | $18.41 | $17.91 | $59.33 | — | $24.13 | $18.12 | $7.32 | $2.93 |
| Earnings per share | $16.23 | −$105.80 | −$18.05 | — | −$19.18 | −$77.94 | −$24.78 | −$0.00 |
| Operating cash flow per share | $0.81 | −$4.54 | −$26.66 | — | −$19.19 | −$16.81 | −$12.38 | −$0.00 |
| Free cash flow per share | $0.81 | −$6.00 | −$29.00 | — | −$21.11 | −$22.82 | −$31.72 | −$23.16 |
| Cash per share | $5.76 | $6.97 | $14.60 | — | $174.46 | $3.47 | $5.38 | $0.07 |
| Book value per share | −$29.38 | −$49.35 | $54.79 | — | $126.53 | −$88.56 | −$7.69 | $0.01 |
| Tangible book value per share | −$43.87 | −$67.18 | −$35.76 | — | $123.55 | −$95.46 | −$12.86 | −$4.28 |
| Dividends per share | — | — | — | — | $25.75 | — | — | — |
| Capex per share | $0.78 | $1.46 | $2.34 | — | $1.93 | $6.01 | $19.34 | $23.16 |
| Debt per share | $38.31 | $67.15 | $69.04 | — | $65.73 | $53.05 | $63.58 | $0.07 |
| Shares outstanding | 8.5M | 8.1M | 7.8M | — | 5.3M | 2.0M | 2.4M | 2.4M |
| Change in shares outstanding | +5.2% | +3.8% | — | — | +163.5% | −16.4% | 0.0% | — |
| Returns & profitability | ||||||||
| Return on equity (ROE) | — | — | −28.7% | −20.3% | −41.3% | — | — | −48.3% |
| Return on invested capital (ROIC) | −97.1% | −141.6% | −17.0% | −22.7% | −825.9% | — | −62.4% | −20.0% |
| Return on assets (ROA) | 36.9% | −95.2% | −10.1% | −9.5% | −14.5% | −79.3% | −63.0% | −1.7% |
| Return on tangible assets | 74.1% | −291.0% | −21.5% | −17.4% | −8.6% | −81.3% | −33.8% | — |
| Free cash flow margin | 4.4% | −33.5% | −48.9% | −30.3% | −87.5% | −125.9% | −433.2% | −789.7% |
| Income quality (OCF / net income) | 0.05 | — | — | — | — | — | — | — |
| Financial health | ||||||||
| Total debt | $325.2M | $542.0M | $537.0M | $516.0M | $346.9M | $106.3M | $152.4M | $175,000 |
| Cash & short-term investments | $48.9M | $56.3M | $113.6M | $250.0M | $920.8M | $6.9M | $12.9M | $159,672 |
| Net debt | $276.3M | $485.7M | $423.4M | $266.0M | −$573.9M | $99.3M | $139.5M | $15,328 |
| Debt / equity | — | — | 1.26 | 0.93 | 0.52 | — | — | 10.38 |
| Debt / assets | 1.05 | 1.24 | 0.40 | 0.36 | 0.29 | 0.52 | 0.81 | 0.36 |
| Net debt / EBITDA | 1.33 | — | — | — | — | — | — | — |
| Current ratio | 0.91 | 1.06 | 1.88 | 2.00 | 11.64 | 0.26 | 0.26 | 0.34 |
| Quick ratio | 0.86 | 0.98 | 1.78 | 1.96 | 11.38 | 0.15 | 0.23 | −3.97 |
| Interest coverage | -2.3 | -45.9 | -12.0 | -12.5 | -4.8 | -2.4 | -3.8 | — |
| Working capital | −$10.5M | $7.8M | $221.9M | $265.8M | $935.9M | −$141.2M | −$80.5M | −$305,222 |
| Invested capital | $26.9M | $87.3M | $849.6M | $818.1M | $94.0M | −$78.1M | $121.1M | $32,184 |
| Tangible asset value | −$372.1M | −$541.7M | −$277.7M | −$156.7M | $652.1M | −$191.2M | −$30.8M | −$10.3M |
| Net current asset value | −$457.9M | −$698.6M | −$457.3M | −$337.0M | $499.8M | −$334.0M | −$177.7M | −$305,222 |
| Graham net-net per share | −$56.29 | −$90.30 | −$74.07 | — | $86.13 | −$177.53 | −$77.93 | $0.76 |
| Capital allocation | ||||||||
| Dividends paid | — | — | — | $2.3M | $135.9M | — | — | — |
| Share buybacks (net) | — | — | — | $2.3M | $12.6M | $0 | — | $0 |
| Capex / revenue | 4.2% | 8.1% | 4.0% | 1.1% | 8.0% | 33.2% | 264.1% | 789.7% |
| Capex / operating cash flow | 96.2% | — | — | — | — | — | — | — |
| Capex / depreciation | 0.15 | 0.26 | 0.39 | 0.09 | 0.42 | 0.68 | 3.34 | 11.33 |
| Stock-based compensation / revenue | 6.5% | 12.8% | 9.8% | 7.9% | 10.6% | 12.5% | 8.7% | 17.9% |
| R&D / revenue | 22.6% | 35.5% | 12.2% | 10.6% | 17.8% | 43.9% | 83.8% | 180.3% |
| SG&A / revenue | 51.4% | 87.0% | 27.4% | 34.7% | 48.4% | 81.3% | 170.3% | 154.4% |
| Efficiency | ||||||||
| Days sales outstanding | 114.2 | 457.3 | 208.1 | 143.4 | 108.3 | 102.1 | 84.4 | 77.9 |
| Days of inventory on hand | 29.4 | 44.1 | 14.0 | 17.2 | 63.0 | 110.8 | 49.0 | 75.6 |
| Days payables outstanding | 76.7 | 127.1 | 64.6 | 62.0 | 60.8 | 120.0 | 154.1 | 184.1 |
| Cash conversion cycle (days) | 66.9 | 374.2 | 157.4 | 98.5 | 110.6 | 93.0 | -20.7 | -30.6 |
| Receivables turnover | 3.20 | 0.80 | 1.75 | 2.55 | 3.37 | 3.57 | 4.32 | 4.69 |
| Payables turnover | 4.76 | 2.87 | 5.65 | 5.89 | 6.00 | 3.04 | 2.37 | 1.98 |
| Inventory turnover | 12.42 | 8.28 | 26.13 | 21.22 | 5.79 | 3.29 | 7.45 | 4.83 |
| Asset turnover | 0.42 | 0.16 | 0.33 | 0.28 | 0.18 | 0.18 | 0.19 | 14.60 |
| Average receivables | $48.9M | $181.1M | $263.1M | $142.6M | $37.8M | $10.2M | $4.1M | $1.5M |
| Average payables | $20.2M | $54.2M | $81.1M | $56.1M | $21.0M | $13.2M | $8.8M | $4.9M |
| Average inventory | $7.8M | $18.8M | $17.5M | $15.5M | $21.8M | $12.2M | $2.8M | $2.0M |
| Intangibles / total assets | 39.8% | 32.9% | 51.9% | 49.9% | 1.3% | 6.7% | 6.6% | 2,134.5% |
Computed from STEM's annual financial statements (latest annual report filed March 5, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
STEM valuation and financial ratios
At the end of fiscal 2025 (December 31, 2025), Stem traded at 0.9 times earnings. Stem earned a return on invested capital of −97.1% in fiscal 2025. It ended the year with $325.2 million of debt and $48.9 million in cash and short-term investments, net debt of $276.3 million. The share count rose 254.1% from 2.4M to 8.5M over 7 years.
See the STEM income statement, the STEM chart for price history, or the STEM stock overview for the latest quote and news.
STEM key metrics FAQ
What is Stem's P/E ratio?
Stem traded at 0.9 times earnings at the end of fiscal 2025.
What is Stem's EV/EBITDA?
Stem's enterprise value was 2.0 times EBITDA at the end of fiscal 2025 (enterprise value $404.1 million, EBITDA $207.2 million); the current EV/EBITDA is 155.1.
What is Stem's ROIC?
Stem's return on invested capital was −97.1% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Stem have?
Stem had total debt of $325.2 million at the end of fiscal 2025 and $276.3 million of net debt (1.33 times EBITDA).
What is Stem's free cash flow yield?
Stem generated $6.9 million of free cash flow in fiscal 2025, a free cash flow yield of 5.4% on its market value at year-end ($127.8 million).
What is Stem's current ratio?
Stem's current ratio was 0.91 at the end of fiscal 2025: current assets were 0.91 times current liabilities.