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Side-by-side financial comparison of KAMADA LTD (KMDA) 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 $47.0M, roughly 1.0× KAMADA LTD). KAMADA LTD runs the higher net margin — 11.3% vs -33.9%, a 45.2% gap on every dollar of revenue. On growth, KAMADA LTD posted the faster year-over-year revenue change (12.6% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 12.0%).

Kamada Ltd. is a global biopharmaceutical company specializing in the research, manufacturing, and commercialization of specialty pharmaceuticals derived from human plasma.

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.

KMDA vs STEM — Head-to-Head

Bigger by revenue
STEM
STEM
1.0× larger
STEM
$47.1M
$47.0M
KMDA
Growing faster (revenue YoY)
KMDA
KMDA
+28.2% gap
KMDA
12.6%
-15.6%
STEM
Higher net margin
KMDA
KMDA
45.2% more per $
KMDA
11.3%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
12.0%
KMDA

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
KMDA
KMDA
STEM
STEM
Revenue
$47.0M
$47.1M
Net Profit
$5.3M
$-16.0M
Gross Margin
42.0%
48.9%
Operating Margin
16.6%
-17.7%
Net Margin
11.3%
-33.9%
Revenue YoY
12.6%
-15.6%
Net Profit YoY
37.1%
68.8%
EPS (diluted)
$0.09
$-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
KMDA
KMDA
STEM
STEM
Q4 25
$47.1M
Q3 25
$47.0M
$38.2M
Q2 25
$44.8M
$38.4M
Q1 25
$44.0M
$32.5M
Q4 24
$55.8M
Q3 24
$41.7M
$29.3M
Q2 24
$42.5M
$34.0M
Q1 24
$37.7M
$25.5M
Net Profit
KMDA
KMDA
STEM
STEM
Q4 25
$-16.0M
Q3 25
$5.3M
$-23.8M
Q2 25
$7.4M
$202.5M
Q1 25
$4.0M
$-25.0M
Q4 24
$-51.1M
Q3 24
$3.9M
$-148.3M
Q2 24
$4.4M
$-582.3M
Q1 24
$2.4M
$-72.3M
Gross Margin
KMDA
KMDA
STEM
STEM
Q4 25
48.9%
Q3 25
42.0%
35.5%
Q2 25
42.3%
33.4%
Q1 25
47.1%
32.4%
Q4 24
-4.4%
Q3 24
41.3%
21.2%
Q2 24
44.6%
27.6%
Q1 24
44.4%
-95.0%
Operating Margin
KMDA
KMDA
STEM
STEM
Q4 25
-17.7%
Q3 25
16.6%
-33.6%
Q2 25
15.8%
-34.8%
Q1 25
17.7%
-65.0%
Q4 24
-84.4%
Q3 24
12.7%
-493.2%
Q2 24
13.3%
-1705.5%
Q1 24
10.7%
-267.0%
Net Margin
KMDA
KMDA
STEM
STEM
Q4 25
-33.9%
Q3 25
11.3%
-62.2%
Q2 25
16.5%
527.8%
Q1 25
9.0%
-76.9%
Q4 24
-91.6%
Q3 24
9.3%
-506.3%
Q2 24
10.4%
-1712.6%
Q1 24
6.3%
-283.9%
EPS (diluted)
KMDA
KMDA
STEM
STEM
Q4 25
$-4.40
Q3 25
$0.09
$-2.84
Q2 25
$0.13
$-1.79
Q1 25
$0.07
$-0.15
Q4 24
$-15.29
Q3 24
$0.07
$-18.24
Q2 24
$0.08
$-71.81
Q1 24
$0.04
$-0.46

Balance Sheet & Financial Strength

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

Metric
KMDA
KMDA
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$72.0M
$48.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$265.2M
$-249.4M
Total Assets
$377.2M
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
KMDA
KMDA
STEM
STEM
Q4 25
$48.9M
Q3 25
$72.0M
$43.1M
Q2 25
$66.0M
$40.8M
Q1 25
$76.3M
$58.6M
Q4 24
$56.3M
Q3 24
$72.0M
$75.4M
Q2 24
$56.5M
$89.6M
Q1 24
$48.2M
$112.8M
Stockholders' Equity
KMDA
KMDA
STEM
STEM
Q4 25
$-249.4M
Q3 25
$265.2M
$-235.7M
Q2 25
$260.0M
$-214.1M
Q1 25
$252.0M
$-417.5M
Q4 24
$-398.4M
Q3 24
$255.3M
$-344.1M
Q2 24
$251.2M
$-203.2M
Q1 24
$251.2M
$371.6M
Total Assets
KMDA
KMDA
STEM
STEM
Q4 25
$308.9M
Q3 25
$377.2M
$362.6M
Q2 25
$368.2M
$379.2M
Q1 25
$375.1M
$405.1M
Q4 24
$437.4M
Q3 24
$351.2M
$537.8M
Q2 24
$351.0M
$691.5M
Q1 24
$343.2M
$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
KMDA
KMDA
STEM
STEM
Operating Cash FlowLast quarter
$10.4M
$8.2M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.97×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
KMDA
KMDA
STEM
STEM
Q4 25
$8.2M
Q3 25
$10.4M
$11.4M
Q2 25
$8.0M
$-21.3M
Q1 25
$-513.0K
$8.5M
Q4 24
$-14.7M
Q3 24
$22.2M
$-9.4M
Q2 24
$14.0M
$-11.9M
Q1 24
$1.0M
$-621.0K
Cash Conversion
KMDA
KMDA
STEM
STEM
Q4 25
Q3 25
1.97×
Q2 25
1.09×
-0.11×
Q1 25
-0.13×
Q4 24
Q3 24
5.75×
Q2 24
3.15×
Q1 24
0.43×

Financial Flow Comparison

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

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