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Side-by-side financial comparison of CTO Realty Growth, Inc. (CTO) 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 $41.2M, roughly 1.1× CTO Realty Growth, Inc.). CTO Realty Growth, Inc. runs the higher net margin — 15.1% vs -33.9%, a 49.0% gap on every dollar of revenue. On growth, CTO Realty Growth, Inc. posted the faster year-over-year revenue change (15.0% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 19.5%).

Keller Williams Realty is an American technology and international real estate franchise with headquarters in Austin, Texas. It is the largest real estate franchise in the United States by sales volume as of 2022.

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.

CTO vs STEM — Head-to-Head

Bigger by revenue
STEM
STEM
1.1× larger
STEM
$47.1M
$41.2M
CTO
Growing faster (revenue YoY)
CTO
CTO
+30.5% gap
CTO
15.0%
-15.6%
STEM
Higher net margin
CTO
CTO
49.0% more per $
CTO
15.1%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
19.5%
CTO

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CTO
CTO
STEM
STEM
Revenue
$41.2M
$47.1M
Net Profit
$6.2M
$-16.0M
Gross Margin
48.9%
Operating Margin
175.0%
-17.7%
Net Margin
15.1%
-33.9%
Revenue YoY
15.0%
-15.6%
Net Profit YoY
174.4%
68.8%
EPS (diluted)
$0.13
$-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.

Revenue
CTO
CTO
STEM
STEM
Q1 26
$41.2M
Q4 25
$38.3M
$47.1M
Q3 25
$37.8M
$38.2M
Q2 25
$37.6M
$38.4M
Q1 25
$35.8M
$32.5M
Q4 24
$35.7M
$55.8M
Q3 24
$31.8M
$29.3M
Q2 24
$28.8M
$34.0M
Net Profit
CTO
CTO
STEM
STEM
Q1 26
$6.2M
Q4 25
$28.3M
$-16.0M
Q3 25
$2.9M
$-23.8M
Q2 25
$-23.4M
$202.5M
Q1 25
$2.3M
$-25.0M
Q4 24
$-15.2M
$-51.1M
Q3 24
$6.2M
$-148.3M
Q2 24
$1.2M
$-582.3M
Gross Margin
CTO
CTO
STEM
STEM
Q1 26
Q4 25
75.0%
48.9%
Q3 25
75.4%
35.5%
Q2 25
73.0%
33.4%
Q1 25
75.2%
32.4%
Q4 24
74.4%
-4.4%
Q3 24
74.4%
21.2%
Q2 24
71.1%
27.6%
Operating Margin
CTO
CTO
STEM
STEM
Q1 26
175.0%
Q4 25
75.1%
-17.7%
Q3 25
26.6%
-33.6%
Q2 25
-33.7%
-34.8%
Q1 25
22.0%
-65.0%
Q4 24
-20.4%
-84.4%
Q3 24
15.6%
-493.2%
Q2 24
18.8%
-1705.5%
Net Margin
CTO
CTO
STEM
STEM
Q1 26
15.1%
Q4 25
73.9%
-33.9%
Q3 25
7.7%
-62.2%
Q2 25
-62.2%
527.8%
Q1 25
6.3%
-76.9%
Q4 24
-42.6%
-91.6%
Q3 24
19.6%
-506.3%
Q2 24
4.1%
-1712.6%
EPS (diluted)
CTO
CTO
STEM
STEM
Q1 26
$0.13
Q4 25
$0.81
$-4.40
Q3 25
$0.03
$-2.84
Q2 25
$-0.77
$-1.79
Q1 25
$0.01
$-0.15
Q4 24
$-0.69
$-15.29
Q3 24
$0.17
$-18.24
Q2 24
$-0.03
$-71.81

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CTO
CTO
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$8.3M
$48.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$575.4M
$-249.4M
Total Assets
$1.3B
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CTO
CTO
STEM
STEM
Q1 26
$8.3M
Q4 25
$6.5M
$48.9M
Q3 25
$9.3M
$43.1M
Q2 25
$8.6M
$40.8M
Q1 25
$8.4M
$58.6M
Q4 24
$9.0M
$56.3M
Q3 24
$8.2M
$75.4M
Q2 24
$4.8M
$89.6M
Total Debt
CTO
CTO
STEM
STEM
Q1 26
Q4 25
$616.3M
Q3 25
$604.2M
Q2 25
$605.4M
Q1 25
$602.2M
Q4 24
$519.0M
Q3 24
$526.8M
Q2 24
$482.7M
Stockholders' Equity
CTO
CTO
STEM
STEM
Q1 26
$575.4M
Q4 25
$567.3M
$-249.4M
Q3 25
$557.3M
$-235.7M
Q2 25
$574.1M
$-214.1M
Q1 25
$593.9M
$-417.5M
Q4 24
$612.8M
$-398.4M
Q3 24
$595.8M
$-344.1M
Q2 24
$491.8M
$-203.2M
Total Assets
CTO
CTO
STEM
STEM
Q1 26
$1.3B
Q4 25
$1.3B
$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
$1.0B
$691.5M
Debt / Equity
CTO
CTO
STEM
STEM
Q1 26
Q4 25
1.09×
Q3 25
1.08×
Q2 25
1.05×
Q1 25
1.01×
Q4 24
0.85×
Q3 24
0.88×
Q2 24
0.98×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CTO
CTO
STEM
STEM
Operating Cash FlowLast quarter
$8.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CTO
CTO
STEM
STEM
Q1 26
Q4 25
$64.6M
$8.2M
Q3 25
$25.5M
$11.4M
Q2 25
$21.9M
$-21.3M
Q1 25
$10.3M
$8.5M
Q4 24
$59.9M
$-14.7M
Q3 24
$21.2M
$-9.4M
Q2 24
$12.9M
$-11.9M
Cash Conversion
CTO
CTO
STEM
STEM
Q1 26
Q4 25
2.28×
Q3 25
8.75×
Q2 25
-0.11×
Q1 25
4.56×
Q4 24
Q3 24
3.40×
Q2 24
10.89×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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