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Side-by-side financial comparison of Honest Company, Inc. (HNST) and STEM, INC. (STEM). Click either name above to swap in a different company.
Honest Company, Inc. is the larger business by last-quarter revenue ($88.0M vs $47.1M, roughly 1.9× STEM, INC.). Honest Company, Inc. runs the higher net margin — -26.8% vs -33.9%, a 7.1% gap on every dollar of revenue. On growth, Honest Company, Inc. posted the faster year-over-year revenue change (-11.8% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 1.0%).
The Honest Company, Inc. is an American digital-first consumer goods company, based in Los Angeles and founded by actress Jessica Alba, Christopher Gavigan, and Brian Lee. The company had $319 million in 2021 sales, and was valued at roughly $550 million as of February 2022. Carla Vernón, Chief Executive Officer, is one of the first Afro-Latina CEOs of a U.S. publicly traded company. The Honest Company has raised multiple rounds of venture capital, and went public via an initial public offeri...
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.
HNST vs STEM — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $88.0M | $47.1M |
| Net Profit | $-23.6M | $-16.0M |
| Gross Margin | 15.7% | 48.9% |
| Operating Margin | -27.5% | -17.7% |
| Net Margin | -26.8% | -33.9% |
| Revenue YoY | -11.8% | -15.6% |
| Net Profit YoY | -2813.2% | 68.8% |
| EPS (diluted) | $-0.21 | $-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 | $88.0M | $47.1M | ||
| Q3 25 | $92.6M | $38.2M | ||
| Q2 25 | $93.5M | $38.4M | ||
| Q1 25 | $97.3M | $32.5M | ||
| Q4 24 | $99.8M | $55.8M | ||
| Q3 24 | $99.2M | $29.3M | ||
| Q2 24 | $93.0M | $34.0M | ||
| Q1 24 | $86.2M | $25.5M |
| Q4 25 | $-23.6M | $-16.0M | ||
| Q3 25 | $758.0K | $-23.8M | ||
| Q2 25 | $3.9M | $202.5M | ||
| Q1 25 | $3.3M | $-25.0M | ||
| Q4 24 | $-809.0K | $-51.1M | ||
| Q3 24 | $165.0K | $-148.3M | ||
| Q2 24 | $-4.1M | $-582.3M | ||
| Q1 24 | $-1.4M | $-72.3M |
| Q4 25 | 15.7% | 48.9% | ||
| Q3 25 | 37.3% | 35.5% | ||
| Q2 25 | 40.4% | 33.4% | ||
| Q1 25 | 38.7% | 32.4% | ||
| Q4 24 | 38.8% | -4.4% | ||
| Q3 24 | 38.7% | 21.2% | ||
| Q2 24 | 38.3% | 27.6% | ||
| Q1 24 | 37.0% | -95.0% |
| Q4 25 | -27.5% | -17.7% | ||
| Q3 25 | 0.3% | -33.6% | ||
| Q2 25 | 3.1% | -34.8% | ||
| Q1 25 | 2.6% | -65.0% | ||
| Q4 24 | -1.0% | -84.4% | ||
| Q3 24 | 0.1% | -493.2% | ||
| Q2 24 | -4.3% | -1705.5% | ||
| Q1 24 | -1.5% | -267.0% |
| Q4 25 | -26.8% | -33.9% | ||
| Q3 25 | 0.8% | -62.2% | ||
| Q2 25 | 4.1% | 527.8% | ||
| Q1 25 | 3.3% | -76.9% | ||
| Q4 24 | -0.8% | -91.6% | ||
| Q3 24 | 0.2% | -506.3% | ||
| Q2 24 | -4.4% | -1712.6% | ||
| Q1 24 | -1.6% | -283.9% |
| Q4 25 | $-0.21 | $-4.40 | ||
| Q3 25 | $0.01 | $-2.84 | ||
| Q2 25 | $0.03 | $-1.79 | ||
| Q1 25 | $0.03 | $-0.15 | ||
| Q4 24 | $-0.01 | $-15.29 | ||
| Q3 24 | $0.00 | $-18.24 | ||
| Q2 24 | $-0.04 | $-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 | $89.6M | $48.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $169.7M | $-249.4M |
| Total Assets | $225.4M | $308.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $89.6M | $48.9M | ||
| Q3 25 | $71.5M | $43.1M | ||
| Q2 25 | $72.1M | $40.8M | ||
| Q1 25 | $72.8M | $58.6M | ||
| Q4 24 | $75.4M | $56.3M | ||
| Q3 24 | $53.4M | $75.4M | ||
| Q2 24 | $36.6M | $89.6M | ||
| Q1 24 | $33.6M | $112.8M |
| Q4 25 | $169.7M | $-249.4M | ||
| Q3 25 | $190.2M | $-235.7M | ||
| Q2 25 | $187.0M | $-214.1M | ||
| Q1 25 | $180.4M | $-417.5M | ||
| Q4 24 | $174.3M | $-398.4M | ||
| Q3 24 | $133.9M | $-344.1M | ||
| Q2 24 | $129.7M | $-203.2M | ||
| Q1 24 | $124.8M | $371.6M |
| Q4 25 | $225.4M | $308.9M | ||
| Q3 25 | $241.5M | $362.6M | ||
| Q2 25 | $249.0M | $379.2M | ||
| Q1 25 | $265.3M | $405.1M | ||
| Q4 24 | $247.4M | $437.4M | ||
| Q3 24 | $209.2M | $537.8M | ||
| Q2 24 | $200.2M | $691.5M | ||
| Q1 24 | $198.1M | $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 | $19.3M | $8.2M |
| Free Cash FlowOCF − Capex | $18.1M | — |
| FCF MarginFCF / Revenue | 20.5% | — |
| Capex IntensityCapex / Revenue | 1.4% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $13.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $19.3M | $8.2M | ||
| Q3 25 | $-504.0K | $11.4M | ||
| Q2 25 | $-745.0K | $-21.3M | ||
| Q1 25 | $-2.9M | $8.5M | ||
| Q4 24 | $-16.8M | $-14.7M | ||
| Q3 24 | $15.1M | $-9.4M | ||
| Q2 24 | $2.9M | $-11.9M | ||
| Q1 24 | $336.0K | $-621.0K |
| Q4 25 | $18.1M | — | ||
| Q3 25 | $-624.0K | — | ||
| Q2 25 | $-826.0K | — | ||
| Q1 25 | $-3.0M | — | ||
| Q4 24 | $-17.2M | — | ||
| Q3 24 | $15.0M | — | ||
| Q2 24 | $2.9M | — | ||
| Q1 24 | $260.0K | — |
| Q4 25 | 20.5% | — | ||
| Q3 25 | -0.7% | — | ||
| Q2 25 | -0.9% | — | ||
| Q1 25 | -3.1% | — | ||
| Q4 24 | -17.2% | — | ||
| Q3 24 | 15.1% | — | ||
| Q2 24 | 3.1% | — | ||
| Q1 24 | 0.3% | — |
| Q4 25 | 1.4% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.1% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 0.3% | — | ||
| Q3 24 | 0.1% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 0.1% | — |
| Q4 25 | — | — | ||
| Q3 25 | -0.66× | — | ||
| Q2 25 | -0.19× | -0.11× | ||
| Q1 25 | -0.90× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 91.42× | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
