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Side-by-side financial comparison of STEM, INC. (STEM) and Whitestone REIT (WSR). Click either name above to swap in a different company.
STEM, INC. is the larger business by last-quarter revenue ($47.1M vs $43.9M, roughly 1.1× Whitestone REIT). Whitestone REIT runs the higher net margin — 52.0% vs -33.9%, a 85.9% gap on every dollar of revenue. On growth, Whitestone REIT posted the faster year-over-year revenue change (7.5% vs -15.6%). Over the past eight quarters, STEM, INC.'s revenue compounded faster (36.1% CAGR vs 8.7%).
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.
Whitestone REIT is a publicly traded real estate investment trust that acquires, owns, manages and redevelops open-air community shopping centers, primarily located in high-growth metropolitan areas across the southwestern and southeastern United States. Its property portfolio is largely anchored by daily necessity, service-focused retail tenants that cater to regular local consumer demand.
STEM vs WSR — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $47.1M | $43.9M |
| Net Profit | $-16.0M | $22.8M |
| Gross Margin | 48.9% | — |
| Operating Margin | -17.7% | 53.0% |
| Net Margin | -33.9% | 52.0% |
| Revenue YoY | -15.6% | 7.5% |
| Net Profit YoY | 68.8% | 31.7% |
| EPS (diluted) | $-4.40 | $0.43 |
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 | $47.1M | $43.9M | ||
| Q3 25 | $38.2M | $41.0M | ||
| Q2 25 | $38.4M | $37.9M | ||
| Q1 25 | $32.5M | $38.0M | ||
| Q4 24 | $55.8M | $40.8M | ||
| Q3 24 | $29.3M | $38.6M | ||
| Q2 24 | $34.0M | $37.6M | ||
| Q1 24 | $25.5M | $37.2M |
| Q4 25 | $-16.0M | $22.8M | ||
| Q3 25 | $-23.8M | $18.3M | ||
| Q2 25 | $202.5M | $5.1M | ||
| Q1 25 | $-25.0M | $3.7M | ||
| Q4 24 | $-51.1M | $17.3M | ||
| Q3 24 | $-148.3M | $7.6M | ||
| Q2 24 | $-582.3M | $2.6M | ||
| Q1 24 | $-72.3M | $9.3M |
| 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% | — |
| Q4 25 | -17.7% | 53.0% | ||
| Q3 25 | -33.6% | 45.5% | ||
| Q2 25 | -34.8% | 13.8% | ||
| Q1 25 | -65.0% | 10.2% | ||
| Q4 24 | -84.4% | 43.3% | ||
| Q3 24 | -493.2% | 20.3% | ||
| Q2 24 | -1705.5% | 7.2% | ||
| Q1 24 | -267.0% | 25.9% |
| Q4 25 | -33.9% | 52.0% | ||
| Q3 25 | -62.2% | 44.7% | ||
| Q2 25 | 527.8% | 13.3% | ||
| Q1 25 | -76.9% | 9.7% | ||
| Q4 24 | -91.6% | 42.5% | ||
| Q3 24 | -506.3% | 19.7% | ||
| Q2 24 | -1712.6% | 6.9% | ||
| Q1 24 | -283.9% | 25.1% |
| Q4 25 | $-4.40 | $0.43 | ||
| Q3 25 | $-2.84 | $0.35 | ||
| Q2 25 | $-1.79 | $0.10 | ||
| Q1 25 | $-0.15 | $0.07 | ||
| Q4 24 | $-15.29 | $0.34 | ||
| Q3 24 | $-18.24 | $0.15 | ||
| Q2 24 | $-71.81 | $0.05 | ||
| Q1 24 | $-0.46 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $48.9M | $4.9M |
| Total DebtLower is stronger | — | $649.4M |
| Stockholders' EquityBook value | $-249.4M | $458.1M |
| Total Assets | $308.9M | $1.2B |
| Debt / EquityLower = less leverage | — | 1.42× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $48.9M | $4.9M | ||
| Q3 25 | $43.1M | $6.8M | ||
| Q2 25 | $40.8M | $5.3M | ||
| Q1 25 | $58.6M | $5.6M | ||
| Q4 24 | $56.3M | $5.2M | ||
| Q3 24 | $75.4M | $2.5M | ||
| Q2 24 | $89.6M | $3.2M | ||
| Q1 24 | $112.8M | $6.2M |
| Q4 25 | — | $649.4M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $632.5M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $-249.4M | $458.1M | ||
| Q3 25 | $-235.7M | $439.5M | ||
| Q2 25 | $-214.1M | $427.5M | ||
| Q1 25 | $-417.5M | $431.0M | ||
| Q4 24 | $-398.4M | $438.2M | ||
| Q3 24 | $-344.1M | $419.5M | ||
| Q2 24 | $-203.2M | $418.3M | ||
| Q1 24 | $371.6M | $421.6M |
| Q4 25 | $308.9M | $1.2B | ||
| Q3 25 | $362.6M | $1.1B | ||
| Q2 25 | $379.2M | $1.2B | ||
| Q1 25 | $405.1M | $1.1B | ||
| Q4 24 | $437.4M | $1.1B | ||
| Q3 24 | $537.8M | $1.1B | ||
| Q2 24 | $691.5M | $1.1B | ||
| Q1 24 | $1.3B | $1.1B |
| Q4 25 | — | 1.42× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.44× | ||
| 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | $8.2M | $50.8M |
| Free Cash FlowOCF − Capex | — | $50.5M |
| FCF MarginFCF / Revenue | — | 114.9% |
| Capex IntensityCapex / Revenue | — | 0.7% |
| Cash ConversionOCF / Net Profit | — | 2.22× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $8.2M | $50.8M | ||
| Q3 25 | $11.4M | $18.0M | ||
| Q2 25 | $-21.3M | $13.8M | ||
| Q1 25 | $8.5M | $3.1M | ||
| Q4 24 | $-14.7M | $58.2M | ||
| Q3 24 | $-9.4M | $16.4M | ||
| Q2 24 | $-11.9M | $12.3M | ||
| Q1 24 | $-621.0K | $11.5M |
| Q4 25 | — | $50.5M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $58.0M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 114.9% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 142.1% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 0.7% | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 0.5% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | — | 2.22× | ||
| Q3 25 | — | 0.98× | ||
| Q2 25 | -0.11× | 2.74× | ||
| Q1 25 | — | 0.83× | ||
| Q4 24 | — | 3.36× | ||
| Q3 24 | — | 2.15× | ||
| Q2 24 | — | 4.73× | ||
| Q1 24 | — | 1.23× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
