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Side-by-side financial comparison of Plymouth Industrial REIT, Inc. (PLYM) and STEM, INC. (STEM). Click either name above to swap in a different company.

Plymouth Industrial REIT, Inc. is the larger business by last-quarter revenue ($51.2M vs $47.1M, roughly 1.1× STEM, INC.). STEM, INC. runs the higher net margin — -33.9% vs -106.3%, a 72.4% gap on every dollar of revenue. On growth, Plymouth Industrial REIT, Inc. posted the faster year-over-year revenue change (-1.4% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 0.4%).

Plymouth Industrial REIT, Inc. is a real estate investment trust focused on owning, operating, and acquiring high-quality industrial properties including distribution centers, warehouses, and light industrial facilities across key U.S. logistics hubs. It serves tenants in e-commerce, retail, manufacturing, and third-party logistics sectors, supporting diverse business supply chain needs.

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.

PLYM vs STEM — Head-to-Head

Bigger by revenue
PLYM
PLYM
1.1× larger
PLYM
$51.2M
$47.1M
STEM
Growing faster (revenue YoY)
PLYM
PLYM
+14.2% gap
PLYM
-1.4%
-15.6%
STEM
Higher net margin
STEM
STEM
72.4% more per $
STEM
-33.9%
-106.3%
PLYM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
0.4%
PLYM

Income Statement — Q3 FY2025 vs Q4 FY2025

Metric
PLYM
PLYM
STEM
STEM
Revenue
$51.2M
$47.1M
Net Profit
$-54.4M
$-16.0M
Gross Margin
48.9%
Operating Margin
-102.5%
-17.7%
Net Margin
-106.3%
-33.9%
Revenue YoY
-1.4%
-15.6%
Net Profit YoY
-248.5%
68.8%
EPS (diluted)
$-1.23
$-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
PLYM
PLYM
STEM
STEM
Q4 25
$47.1M
Q3 25
$51.2M
$38.2M
Q2 25
$47.2M
$38.4M
Q1 25
$45.6M
$32.5M
Q4 24
$47.6M
$55.8M
Q3 24
$51.9M
$29.3M
Q2 24
$48.7M
$34.0M
Q1 24
$50.2M
$25.5M
Net Profit
PLYM
PLYM
STEM
STEM
Q4 25
$-16.0M
Q3 25
$-54.4M
$-23.8M
Q2 25
$-6.1M
$202.5M
Q1 25
$5.8M
$-25.0M
Q4 24
$147.4M
$-51.1M
Q3 24
$-15.6M
$-148.3M
Q2 24
$1.3M
$-582.3M
Q1 24
$6.2M
$-72.3M
Gross Margin
PLYM
PLYM
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
PLYM
PLYM
STEM
STEM
Q4 25
-17.7%
Q3 25
-102.5%
-33.6%
Q2 25
-10.3%
-34.8%
Q1 25
-65.0%
Q4 24
-84.4%
Q3 24
-29.6%
-493.2%
Q2 24
2.7%
-1705.5%
Q1 24
-267.0%
Net Margin
PLYM
PLYM
STEM
STEM
Q4 25
-33.9%
Q3 25
-106.3%
-62.2%
Q2 25
-12.9%
527.8%
Q1 25
12.8%
-76.9%
Q4 24
309.9%
-91.6%
Q3 24
-30.1%
-506.3%
Q2 24
2.7%
-1712.6%
Q1 24
12.4%
-283.9%
EPS (diluted)
PLYM
PLYM
STEM
STEM
Q4 25
$-4.40
Q3 25
$-1.23
$-2.84
Q2 25
$-0.14
$-1.79
Q1 25
$0.13
$-0.15
Q4 24
$3.24
$-15.29
Q3 24
$-0.35
$-18.24
Q2 24
$0.03
$-71.81
Q1 24
$0.14
$-0.46

Balance Sheet & Financial Strength

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

Metric
PLYM
PLYM
STEM
STEM
Cash + ST InvestmentsLiquidity on hand
$48.9M
Total DebtLower is stronger
Stockholders' EquityBook value
$470.1M
$-249.4M
Total Assets
$1.6B
$308.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
PLYM
PLYM
STEM
STEM
Q4 25
$48.9M
Q3 25
$43.1M
Q2 25
$40.8M
Q1 25
$58.6M
Q4 24
$56.3M
Q3 24
$75.4M
Q2 24
$89.6M
Q1 24
$112.8M
Total Debt
PLYM
PLYM
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
$646.4M
Q3 24
Q2 24
Q1 24
Stockholders' Equity
PLYM
PLYM
STEM
STEM
Q4 25
$-249.4M
Q3 25
$470.1M
$-235.7M
Q2 25
$539.6M
$-214.1M
Q1 25
$571.0M
$-417.5M
Q4 24
$579.5M
$-398.4M
Q3 24
$436.5M
$-344.1M
Q2 24
$475.2M
$-203.2M
Q1 24
$484.6M
$371.6M
Total Assets
PLYM
PLYM
STEM
STEM
Q4 25
$308.9M
Q3 25
$1.6B
$362.6M
Q2 25
$1.6B
$379.2M
Q1 25
$1.4B
$405.1M
Q4 24
$1.4B
$437.4M
Q3 24
$1.5B
$537.8M
Q2 24
$1.4B
$691.5M
Q1 24
$1.4B
$1.3B
Debt / Equity
PLYM
PLYM
STEM
STEM
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
1.12×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
PLYM
PLYM
STEM
STEM
Operating Cash FlowLast quarter
$20.0M
$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
PLYM
PLYM
STEM
STEM
Q4 25
$8.2M
Q3 25
$20.0M
$11.4M
Q2 25
$23.4M
$-21.3M
Q1 25
$15.6M
$8.5M
Q4 24
$96.1M
$-14.7M
Q3 24
$17.6M
$-9.4M
Q2 24
$19.9M
$-11.9M
Q1 24
$16.6M
$-621.0K
Cash Conversion
PLYM
PLYM
STEM
STEM
Q4 25
Q3 25
Q2 25
-0.11×
Q1 25
2.67×
Q4 24
0.65×
Q3 24
Q2 24
15.12×
Q1 24
2.67×

Financial Flow Comparison

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

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