There are a lot of endgames that are drawn because of stalemate though. Many pawn endgames ( e.g. pawn and king against lone king) are drawn because of stalemate, but would be a win in most cases if stalemate didn't exist.
It depends on the locations of the kings relative to the pawn ( you generally want it in-front of your own pawn ), and the concept of opposition.
So essentially it's a lost position for one player, but due to stalemate rule it will count as a draw.