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

STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $40.1M, roughly 1.2× Strawberry Fields REIT, Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -33.9%, a 38.9% gap on every dollar of revenue. On growth, Strawberry Fields REIT, Inc. posted the faster year-over-year revenue change (31.5% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 20.0%).

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.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

STEM vs STRW — Head-to-Head

Bigger by revenue
STEM
STEM
1.2× larger
STEM
$47.1M
$40.1M
STRW
Growing faster (revenue YoY)
STRW
STRW
+47.1% gap
STRW
31.5%
-15.6%
STEM
Higher net margin
STRW
STRW
38.9% more per $
STRW
5.0%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
20.0%
STRW

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STEM
STEM
STRW
STRW
Revenue
$47.1M
$40.1M
Net Profit
$-16.0M
$2.0M
Gross Margin
48.9%
Operating Margin
-17.7%
52.4%
Net Margin
-33.9%
5.0%
Revenue YoY
-15.6%
31.5%
Net Profit YoY
68.8%
37.6%
EPS (diluted)
$-4.40
$0.15

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
STEM
STEM
STRW
STRW
Q4 25
$47.1M
$40.1M
Q3 25
$38.2M
$39.7M
Q2 25
$38.4M
$37.9M
Q1 25
$32.5M
$37.3M
Q4 24
$55.8M
$30.5M
Q3 24
$29.3M
$29.5M
Q2 24
$34.0M
$29.3M
Q1 24
$25.5M
$27.8M
Net Profit
STEM
STEM
STRW
STRW
Q4 25
$-16.0M
$2.0M
Q3 25
$-23.8M
$2.0M
Q2 25
$202.5M
$2.0M
Q1 25
$-25.0M
$1.6M
Q4 24
$-51.1M
$1.5M
Q3 24
$-148.3M
$944.0K
Q2 24
$-582.3M
$938.0K
Q1 24
$-72.3M
$746.0K
Gross Margin
STEM
STEM
STRW
STRW
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
STEM
STEM
STRW
STRW
Q4 25
-17.7%
52.4%
Q3 25
-33.6%
56.6%
Q2 25
-34.8%
54.5%
Q1 25
-65.0%
54.1%
Q4 24
-84.4%
51.5%
Q3 24
-493.2%
54.4%
Q2 24
-1705.5%
52.3%
Q1 24
-267.0%
51.3%
Net Margin
STEM
STEM
STRW
STRW
Q4 25
-33.9%
5.0%
Q3 25
-62.2%
5.1%
Q2 25
527.8%
5.2%
Q1 25
-76.9%
4.2%
Q4 24
-91.6%
4.8%
Q3 24
-506.3%
3.2%
Q2 24
-1712.6%
3.2%
Q1 24
-283.9%
2.7%
EPS (diluted)
STEM
STEM
STRW
STRW
Q4 25
$-4.40
$0.15
Q3 25
$-2.84
$0.16
Q2 25
$-1.79
$0.16
Q1 25
$-0.15
$0.13
Q4 24
$-15.29
$0.17
Q3 24
$-18.24
$0.14
Q2 24
$-71.81
$0.14
Q1 24
$-0.46
$0.12

Balance Sheet & Financial Strength

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

Metric
STEM
STEM
STRW
STRW
Cash + ST InvestmentsLiquidity on hand
$48.9M
$31.8M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$-249.4M
$12.1M
Total Assets
$308.9M
$885.2M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STEM
STEM
STRW
STRW
Q4 25
$48.9M
$31.8M
Q3 25
$43.1M
$19.8M
Q2 25
$40.8M
$96.3M
Q1 25
$58.6M
$42.3M
Q4 24
$56.3M
$48.4M
Q3 24
$75.4M
$29.3M
Q2 24
$89.6M
$16.1M
Q1 24
$112.8M
$15.1M
Total Debt
STEM
STEM
STRW
STRW
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
STEM
STEM
STRW
STRW
Q4 25
$-249.4M
$12.1M
Q3 25
$-235.7M
$14.2M
Q2 25
$-214.1M
$15.5M
Q1 25
$-417.5M
$19.6M
Q4 24
$-398.4M
$18.2M
Q3 24
$-344.1M
$12.6M
Q2 24
$-203.2M
$7.4M
Q1 24
$371.6M
$7.5M
Total Assets
STEM
STEM
STRW
STRW
Q4 25
$308.9M
$885.2M
Q3 25
$362.6M
$880.6M
Q2 25
$379.2M
$897.3M
Q1 25
$405.1M
$834.8M
Q4 24
$437.4M
$787.6M
Q3 24
$537.8M
$661.5M
Q2 24
$691.5M
$635.9M
Q1 24
$1.3B
$634.9M
Debt / Equity
STEM
STEM
STRW
STRW
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

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

Metric
STEM
STEM
STRW
STRW
Operating Cash FlowLast quarter
$8.2M
$90.0M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STEM
STEM
STRW
STRW
Q4 25
$8.2M
$90.0M
Q3 25
$11.4M
$20.7M
Q2 25
$-21.3M
$29.8M
Q1 25
$8.5M
$19.0M
Q4 24
$-14.7M
$59.3M
Q3 24
$-9.4M
$11.8M
Q2 24
$-11.9M
$20.6M
Q1 24
$-621.0K
$2.1M
Cash Conversion
STEM
STEM
STRW
STRW
Q4 25
44.62×
Q3 25
10.26×
Q2 25
-0.11×
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

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

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