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Side-by-side financial comparison of Cronos Group Inc. (CRON) and STEM, INC. (STEM). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $44.5M, roughly 1.1× Cronos Group Inc.). Cronos Group Inc. runs the higher net margin — -4.1% vs -33.9%, a 29.8% gap on every dollar of revenue. On growth, Cronos Group Inc. posted the faster year-over-year revenue change (47.0% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 32.7%).
Cronos Group Inc. is a global cannabinoid firm specializing in cultivation, processing, and distribution of cannabis-derived products including wellness supplements, consumer goods, and medical cannabis. It serves North America, Europe, and Asia Pacific, catering to regulated recreational and medical consumer segments with quality-controlled offerings.
StemCells, Inc. is a public biopharmaceutical company headquartered in Newark, California, that is developing purified human neural stem cells (HuCNS-SCs) in the hopes of treating central nervous system disorders and paralysis. StemCells' HuCNS-SCs have the ability to differentiate into the three main types of cells found in the central nervous system: neurons, astrocytes and oligodendrocytes.
CRON vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $44.5M | $47.1M |
| Net Profit | $-1.8M | $-16.0M |
| Gross Margin | 36.4% | 48.9% |
| Operating Margin | -16.8% | -17.7% |
| Net Margin | -4.1% | -33.9% |
| Revenue YoY | 47.0% | -15.6% |
| Net Profit YoY | -104.2% | 68.8% |
| EPS (diluted) | $-0.01 | $-4.40 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $44.5M | $47.1M | ||
| Q3 25 | $36.3M | $38.2M | ||
| Q2 25 | $33.5M | $38.4M | ||
| Q1 25 | $32.3M | $32.5M | ||
| Q4 24 | $30.3M | $55.8M | ||
| Q3 24 | $34.3M | $29.3M | ||
| Q2 24 | $27.8M | $34.0M | ||
| Q1 24 | $25.3M | $25.5M |
| Q4 25 | $-1.8M | $-16.0M | ||
| Q3 25 | $26.0M | $-23.8M | ||
| Q2 25 | $-39.7M | $202.5M | ||
| Q1 25 | $6.1M | $-25.0M | ||
| Q4 24 | $43.7M | $-51.1M | ||
| Q3 24 | $8.3M | $-148.3M | ||
| Q2 24 | $-8.8M | $-582.3M | ||
| Q1 24 | $-2.2M | $-72.3M |
| Q4 25 | 36.4% | 48.9% | ||
| Q3 25 | 50.4% | 35.5% | ||
| Q2 25 | 43.4% | 33.4% | ||
| Q1 25 | 42.6% | 32.4% | ||
| Q4 24 | 35.7% | -4.4% | ||
| Q3 24 | 10.5% | 21.2% | ||
| Q2 24 | 22.7% | 27.6% | ||
| Q1 24 | 17.7% | -95.0% |
| Q4 25 | -16.8% | -17.7% | ||
| Q3 25 | -1.4% | -33.6% | ||
| Q2 25 | -15.9% | -34.8% | ||
| Q1 25 | -12.6% | -65.0% | ||
| Q4 24 | -37.5% | -84.4% | ||
| Q3 24 | -98.2% | -493.2% | ||
| Q2 24 | -56.1% | -1705.5% | ||
| Q1 24 | -63.1% | -267.0% |
| Q4 25 | -4.1% | -33.9% | ||
| Q3 25 | 71.4% | -62.2% | ||
| Q2 25 | -118.7% | 527.8% | ||
| Q1 25 | 19.0% | -76.9% | ||
| Q4 24 | 144.3% | -91.6% | ||
| Q3 24 | 24.4% | -506.3% | ||
| Q2 24 | -31.5% | -1712.6% | ||
| Q1 24 | -8.9% | -283.9% |
| Q4 25 | $-0.01 | $-4.40 | ||
| Q3 25 | $0.07 | $-2.84 | ||
| Q2 25 | $-0.10 | $-1.79 | ||
| Q1 25 | $0.02 | $-0.15 | ||
| Q4 24 | $0.12 | $-15.29 | ||
| Q3 24 | $0.02 | $-18.24 | ||
| Q2 24 | $-0.02 | $-71.81 | ||
| Q1 24 | $-0.01 | $-0.46 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $831.8M | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $1.1B | $-249.4M |
| Total Assets | $1.2B | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $831.8M | $48.9M | ||
| Q3 25 | $824.2M | $43.1M | ||
| Q2 25 | $834.4M | $40.8M | ||
| Q1 25 | $837.8M | $58.6M | ||
| Q4 24 | $858.8M | $56.3M | ||
| Q3 24 | $862.0M | $75.4M | ||
| Q2 24 | $848.2M | $89.6M | ||
| Q1 24 | $855.1M | $112.8M |
| Q4 25 | $1.1B | $-249.4M | ||
| Q3 25 | $1.1B | $-235.7M | ||
| Q2 25 | $1.1B | $-214.1M | ||
| Q1 25 | $1.1B | $-417.5M | ||
| Q4 24 | $1.1B | $-398.4M | ||
| Q3 24 | $1.1B | $-344.1M | ||
| Q2 24 | $1.1B | $-203.2M | ||
| Q1 24 | $1.1B | $371.6M |
| Q4 25 | $1.2B | $308.9M | ||
| Q3 25 | $1.2B | $362.6M | ||
| Q2 25 | $1.2B | $379.2M | ||
| Q1 25 | $1.2B | $405.1M | ||
| Q4 24 | $1.2B | $437.4M | ||
| Q3 24 | $1.2B | $537.8M | ||
| Q2 24 | $1.1B | $691.5M | ||
| Q1 24 | $1.1B | $1.3B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $11.8M | $8.2M |
| Free Cash FlowOCF − Capex | $9.7M | — |
| FCF MarginFCF / Revenue | 21.8% | — |
| Capex IntensityCapex / Revenue | 4.8% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $149.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.8M | $8.2M | ||
| Q3 25 | $13.3M | $11.4M | ||
| Q2 25 | $2.8M | $-21.3M | ||
| Q1 25 | $-2.1M | $8.5M | ||
| Q4 24 | $7.7M | $-14.7M | ||
| Q3 24 | $11.6M | $-9.4M | ||
| Q2 24 | $1.7M | $-11.9M | ||
| Q1 24 | $-2.2M | $-621.0K |
| Q4 25 | $9.7M | — | ||
| Q3 25 | $8.8M | — | ||
| Q2 25 | $-1.0M | — | ||
| Q1 25 | $-17.4M | — | ||
| Q4 24 | $4.2M | — | ||
| Q3 24 | $5.2M | — | ||
| Q2 24 | $1.0M | — | ||
| Q1 24 | $-3.9M | — |
| Q4 25 | 21.8% | — | ||
| Q3 25 | 24.3% | — | ||
| Q2 25 | -3.0% | — | ||
| Q1 25 | -53.8% | — | ||
| Q4 24 | 13.8% | — | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 3.7% | — | ||
| Q1 24 | -15.5% | — |
| Q4 25 | 4.8% | — | ||
| Q3 25 | 12.3% | — | ||
| Q2 25 | 11.5% | — | ||
| Q1 25 | 47.3% | — | ||
| Q4 24 | 11.7% | — | ||
| Q3 24 | 18.7% | — | ||
| Q2 24 | 2.6% | — | ||
| Q1 24 | 6.8% | — |
| Q4 25 | — | — | ||
| Q3 25 | 0.51× | — | ||
| Q2 25 | — | -0.11× | ||
| Q1 25 | -0.34× | — | ||
| Q4 24 | 0.18× | — | ||
| Q3 24 | 1.39× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
CRON
| Cannabis Flower | $33.7M | 76% |
| Cannabis Extracts | $10.8M | 24% |
STEM
Segment breakdown not available.
