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Side-by-side financial comparison of VAALCO ENERGY INC (EGY) and STEM, INC. (STEM). Click either name above to swap in a different company.

VAALCO ENERGY INC is the larger business by last-quarter revenue ($91.0M vs $47.1M, roughly 1.9× STEM, INC.). STEM, INC. runs the higher net margin — -33.9% vs -64.4%, a 30.5% gap on every dollar of revenue. On growth, STEM, INC. posted the faster year-over-year revenue change (-15.6% vs -25.2%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs -4.7%).

VAALCO Energy is a company engaged in hydrocarbon exploration. It is organized in Delaware and headquartered in Houston, Texas with operations primarily in the Etame Marin block offshore Gabon.

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.

EGY vs STEM — Head-to-Head

Bigger by revenue
EGY
EGY
1.9× larger
EGY
$91.0M
$47.1M
STEM
Growing faster (revenue YoY)
STEM
STEM
+9.7% gap
STEM
-15.6%
-25.2%
EGY
Higher net margin
STEM
STEM
30.5% more per $
STEM
-33.9%
-64.4%
EGY
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
-4.7%
EGY

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EGY
EGY
STEM
STEM
Revenue
$91.0M
$47.1M
Net Profit
$-58.6M
$-16.0M
Gross Margin
48.9%
Operating Margin
-71.3%
-17.7%
Net Margin
-64.4%
-33.9%
Revenue YoY
-25.2%
-15.6%
Net Profit YoY
-602.5%
68.8%
EPS (diluted)
$-0.56
$-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
EGY
EGY
STEM
STEM
Q4 25
$91.0M
$47.1M
Q3 25
$61.0M
$38.2M
Q2 25
$96.9M
$38.4M
Q1 25
$110.3M
$32.5M
Q4 24
$121.7M
$55.8M
Q3 24
$140.3M
$29.3M
Q2 24
$116.8M
$34.0M
Q1 24
$100.2M
$25.5M
Net Profit
EGY
EGY
STEM
STEM
Q4 25
$-58.6M
$-16.0M
Q3 25
$1.1M
$-23.8M
Q2 25
$8.4M
$202.5M
Q1 25
$7.7M
$-25.0M
Q4 24
$11.7M
$-51.1M
Q3 24
$11.0M
$-148.3M
Q2 24
$28.2M
$-582.3M
Q1 24
$7.7M
$-72.3M
Gross Margin
EGY
EGY
STEM
STEM
Q4 25
48.9%
Q3 25
35.5%
Q2 25
33.4%
Q1 25
32.4%
Q4 24
-4.4%
Q3 24
21.2%
Q2 24
27.6%
Q1 24
-95.0%
Operating Margin
EGY
EGY
STEM
STEM
Q4 25
-71.3%
-17.7%
Q3 25
1.5%
-33.6%
Q2 25
17.7%
-34.8%
Q1 25
23.7%
-65.0%
Q4 24
32.7%
-84.4%
Q3 24
31.4%
-493.2%
Q2 24
17.5%
-1705.5%
Q1 24
32.1%
-267.0%
Net Margin
EGY
EGY
STEM
STEM
Q4 25
-64.4%
-33.9%
Q3 25
1.8%
-62.2%
Q2 25
8.6%
527.8%
Q1 25
7.0%
-76.9%
Q4 24
9.6%
-91.6%
Q3 24
7.8%
-506.3%
Q2 24
24.1%
-1712.6%
Q1 24
7.7%
-283.9%
EPS (diluted)
EGY
EGY
STEM
STEM
Q4 25
$-0.56
$-4.40
Q3 25
$0.01
$-2.84
Q2 25
$0.08
$-1.79
Q1 25
$0.07
$-0.15
Q4 24
$0.12
$-15.29
Q3 24
$0.10
$-18.24
Q2 24
$0.27
$-71.81
Q1 24
$0.07
$-0.46

Balance Sheet & Financial Strength

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

Metric
EGY
EGY
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$58.9M
$48.9M
Total DebtLower is stronger
$60.0M
Stockholders' EquityBook value
$443.5M
$-249.4M
Total Assets
$913.4M
$308.9M
Debt / EquityLower = less leverage
0.14×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EGY
EGY
STEM
STEM
Q4 25
$58.9M
$48.9M
Q3 25
$24.0M
$43.1M
Q2 25
$67.9M
$40.8M
Q1 25
$40.9M
$58.6M
Q4 24
$82.7M
$56.3M
Q3 24
$89.1M
$75.4M
Q2 24
$62.9M
$89.6M
Q1 24
$113.3M
$112.8M
Total Debt
EGY
EGY
STEM
STEM
Q4 25
$60.0M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$0
Q4 24
$0
Q3 24
$0
Q2 24
$0
Q1 24
$0
Stockholders' Equity
EGY
EGY
STEM
STEM
Q4 25
$443.5M
$-249.4M
Q3 25
$505.9M
$-235.7M
Q2 25
$511.6M
$-214.1M
Q1 25
$504.1M
$-417.5M
Q4 24
$501.6M
$-398.4M
Q3 24
$501.0M
$-344.1M
Q2 24
$493.6M
$-203.2M
Q1 24
$472.6M
$371.6M
Total Assets
EGY
EGY
STEM
STEM
Q4 25
$913.4M
$308.9M
Q3 25
$950.4M
$362.6M
Q2 25
$964.9M
$379.2M
Q1 25
$927.1M
$405.1M
Q4 24
$955.0M
$437.4M
Q3 24
$937.9M
$537.8M
Q2 24
$917.4M
$691.5M
Q1 24
$809.1M
$1.3B
Debt / Equity
EGY
EGY
STEM
STEM
Q4 25
0.14×
Q3 25
0.12×
Q2 25
0.12×
Q1 25
0.00×
Q4 24
0.00×
Q3 24
0.00×
Q2 24
0.00×
Q1 24
0.00×

Cash Flow & Capital Efficiency

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

Metric
EGY
EGY
STEM
STEM
Operating Cash FlowLast quarter
$145.2M
$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
EGY
EGY
STEM
STEM
Q4 25
$145.2M
$8.2M
Q3 25
$16.4M
$11.4M
Q2 25
$18.3M
$-21.3M
Q1 25
$32.7M
$8.5M
Q4 24
$44.5M
$-14.7M
Q3 24
$47.8M
$-9.4M
Q2 24
$-438.0K
$-11.9M
Q1 24
$21.8M
$-621.0K
Free Cash Flow
EGY
EGY
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
$29.7M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
EGY
EGY
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
26.9%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
EGY
EGY
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
2.7%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
EGY
EGY
STEM
STEM
Q4 25
Q3 25
14.94×
Q2 25
2.19×
-0.11×
Q1 25
4.23×
Q4 24
3.82×
Q3 24
4.35×
Q2 24
-0.02×
Q1 24
2.84×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EGY
EGY

Crude Oil Sales And Purchase Agreements$54.8M60%
Other$31.9M35%
Crude Oil$3.0M3%
Natural Gas Liquids Reserves$1.4M2%

STEM
STEM

Segment breakdown not available.

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