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Side-by-side financial comparison of STEM, INC. (STEM) and WESTWOOD HOLDINGS GROUP INC (WHG). Click either name above to swap in a different company.

STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $27.1M, roughly 1.7× WESTWOOD HOLDINGS GROUP INC). WESTWOOD HOLDINGS GROUP INC runs the higher net margin — 6.8% vs -33.9%, a 40.7% gap on every dollar of revenue. On growth, STEM, INC. posted the faster year-over-year revenue change (-15.6% vs -41.7%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 9.2%).

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.

Westwood Studios, Inc. was an American video game developer based in Las Vegas, Nevada. It was founded by Brett Sperry and Louis Castle in 1985 as Brelous Software, but got changed after 2 months into Westwood Associates and was renamed to Westwood Studios when Virgin Games bought the company in 1992. The company was bought by Electronic Arts alongside Virgin Interactive's North American operations in 1998. In January 2003, it was announced that Westwood, alongside Westwood Pacific, would be ...

STEM vs WHG — Head-to-Head

Bigger by revenue
STEM
STEM
1.7× larger
STEM
$47.1M
$27.1M
WHG
Growing faster (revenue YoY)
STEM
STEM
+26.2% gap
STEM
-15.6%
-41.7%
WHG
Higher net margin
WHG
WHG
40.7% more per $
WHG
6.8%
-33.9%
STEM
Faster 2-yr revenue CAGR
STEM
STEM
Annualised
STEM
36.1%
9.2%
WHG

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
STEM
STEM
WHG
WHG
Revenue
$47.1M
$27.1M
Net Profit
$-16.0M
$1.8M
Gross Margin
48.9%
Operating Margin
-17.7%
8.0%
Net Margin
-33.9%
6.8%
Revenue YoY
-15.6%
-41.7%
Net Profit YoY
68.8%
-50.5%
EPS (diluted)
$-4.40
$0.21

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
WHG
WHG
Q4 25
$47.1M
$27.1M
Q3 25
$38.2M
$24.3M
Q2 25
$38.4M
$23.1M
Q1 25
$32.5M
$23.3M
Q4 24
$55.8M
$46.5M
Q3 24
$29.3M
$23.7M
Q2 24
$34.0M
$22.7M
Q1 24
$25.5M
$22.7M
Net Profit
STEM
STEM
WHG
WHG
Q4 25
$-16.0M
$1.8M
Q3 25
$-23.8M
$3.7M
Q2 25
$202.5M
$1.0M
Q1 25
$-25.0M
$478.0K
Q4 24
$-51.1M
$3.7M
Q3 24
$-148.3M
$-1.2M
Q2 24
$-582.3M
$-378.0K
Q1 24
$-72.3M
$50.0K
Gross Margin
STEM
STEM
WHG
WHG
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
WHG
WHG
Q4 25
-17.7%
8.0%
Q3 25
-33.6%
8.3%
Q2 25
-34.8%
3.8%
Q1 25
-65.0%
-0.3%
Q4 24
-84.4%
10.0%
Q3 24
-493.2%
-2.1%
Q2 24
-1705.5%
-18.4%
Q1 24
-267.0%
12.9%
Net Margin
STEM
STEM
WHG
WHG
Q4 25
-33.9%
6.8%
Q3 25
-62.2%
15.4%
Q2 25
527.8%
4.5%
Q1 25
-76.9%
2.1%
Q4 24
-91.6%
14.5%
Q3 24
-506.3%
-5.0%
Q2 24
-1712.6%
-1.7%
Q1 24
-283.9%
0.2%
EPS (diluted)
STEM
STEM
WHG
WHG
Q4 25
$-4.40
$0.21
Q3 25
$-2.84
$0.41
Q2 25
$-1.79
$0.12
Q1 25
$-0.15
$0.05
Q4 24
$-15.29
$0.45
Q3 24
$-18.24
$-0.15
Q2 24
$-71.81
$-0.05
Q1 24
$-0.46
$0.01

Balance Sheet & Financial Strength

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

Metric
STEM
STEM
WHG
WHG
Cash + ST InvestmentsLiquidity on hand
$48.9M
$47.7M
Total DebtLower is stronger
Stockholders' EquityBook value
$-249.4M
$125.6M
Total Assets
$308.9M
$162.3M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STEM
STEM
WHG
WHG
Q4 25
$48.9M
$47.7M
Q3 25
$43.1M
$41.3M
Q2 25
$40.8M
$35.2M
Q1 25
$58.6M
$29.1M
Q4 24
$56.3M
$46.5M
Q3 24
$75.4M
$48.3M
Q2 24
$89.6M
$44.1M
Q1 24
$112.8M
$46.6M
Stockholders' Equity
STEM
STEM
WHG
WHG
Q4 25
$-249.4M
$125.6M
Q3 25
$-235.7M
$123.9M
Q2 25
$-214.1M
$122.4M
Q1 25
$-417.5M
$121.4M
Q4 24
$-398.4M
$120.3M
Q3 24
$-344.1M
$120.4M
Q2 24
$-203.2M
$120.5M
Q1 24
$371.6M
$123.8M
Total Assets
STEM
STEM
WHG
WHG
Q4 25
$308.9M
$162.3M
Q3 25
$362.6M
$154.0M
Q2 25
$379.2M
$146.3M
Q1 25
$405.1M
$135.0M
Q4 24
$437.4M
$150.0M
Q3 24
$537.8M
$151.5M
Q2 24
$691.5M
$147.4M
Q1 24
$1.3B
$149.0M

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
WHG
WHG
Operating Cash FlowLast quarter
$8.2M
$18.9M
Free Cash FlowOCF − Capex
$18.8M
FCF MarginFCF / Revenue
69.5%
Capex IntensityCapex / Revenue
0.3%
Cash ConversionOCF / Net Profit
10.29×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STEM
STEM
WHG
WHG
Q4 25
$8.2M
$18.9M
Q3 25
$11.4M
$8.5M
Q2 25
$-21.3M
$7.3M
Q1 25
$8.5M
$-4.9M
Q4 24
$-14.7M
$21.1M
Q3 24
$-9.4M
$529.0K
Q2 24
$-11.9M
$3.6M
Q1 24
$-621.0K
$8.1M
Free Cash Flow
STEM
STEM
WHG
WHG
Q4 25
$18.8M
Q3 25
$8.5M
Q2 25
Q1 25
$-4.9M
Q4 24
$21.0M
Q3 24
$519.0K
Q2 24
$3.5M
Q1 24
$8.1M
FCF Margin
STEM
STEM
WHG
WHG
Q4 25
69.5%
Q3 25
34.8%
Q2 25
Q1 25
-21.1%
Q4 24
45.2%
Q3 24
2.2%
Q2 24
15.6%
Q1 24
35.8%
Capex Intensity
STEM
STEM
WHG
WHG
Q4 25
0.3%
Q3 25
0.3%
Q2 25
0.0%
Q1 25
0.0%
Q4 24
0.2%
Q3 24
0.0%
Q2 24
0.1%
Q1 24
0.0%
Cash Conversion
STEM
STEM
WHG
WHG
Q4 25
10.29×
Q3 25
2.29×
Q2 25
-0.11×
7.08×
Q1 25
-10.25×
Q4 24
5.69×
Q3 24
Q2 24
Q1 24
162.66×

Financial Flow Comparison

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

Revenue Breakdown by Segment

STEM
STEM

Segment breakdown not available.

WHG
WHG

Advisory$21.0M78%
Fiduciary And Trust$5.6M21%

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