StepStone Group
STEP
44.18
-0.98
-2.17%
StepStone Group
US · STEP
#2033 by market cap
Listed 2020
44.18
-0.98
-2.17%
Live - 5344 symbols - heartbeat 205s ago
· 2026-10-07 20:02
After-hours
44.18
0.00%
- Market cap
- 3.64B
- P/E (TTM)i
- -5.74
- P/Bi
- -6.74
- EPSi
- -6.78
- Div yieldi
- 3.78%
- 52W posi
- 15%
Reader sentiment
Are you bullish or bearish on STEP?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Weak
- Altman Z-Score is 0.18, below the 1.8 "distress zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +69.69% YoY
Margins
- Gross margin
- 45.44%
- Operating margin
- -51.33%
- Net margin
- -26.88%
Key ratios & quality
- Enterprise valuei
- 3.72B
- Altman Z-Scorei
- 0.18
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 256.27M | 446.61M | 787.72M | 1.37B | -67.57M | 711.63M | 1.17B | 1.99B |
| Gross profit | 116.45M | 206.22M | 384.55M | 576.83M | 171.60M | 381.45M | 579.66M | 905.94M |
| Selling & admin expenses | 50.03M | 54.28M | 56.38M | 124.46M | 172.10M | 209.67M | 846.48M | 1.93B |
| Research & development | -- | -- | -- | -- | -- | -- | -- | -- |
| Operating profit | 66.42M | 151.94M | 328.17M | 452.36M | -497.00K | 171.77M | -266.82M | -1.02B |
| Pretax profit | 61.60M | 148.74M | 337.85M | 512.58M | -41.45M | 195.40M | -222.04M | -891.17M |
| Tax | 1.64M | 3.96M | 23.26M | 28.30M | 3.82M | 27.58M | -49.21M | -147.89M |
| Net profit | 59.96M | 144.79M | 314.59M | 484.28M | -45.28M | 167.82M | -172.83M | -743.28M |
| Basic EPS | 0 | 0 | 2 | 4 | 0 | 1 | -3 | -7 |
| Diluted EPS | 0.00 | 0.00 | 2.06 | 3.84 | -0.30 | 0.91 | -2.52 | -6.78 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 377.73M | 364.29M | 454.23M | 586.51M | 588.58M | 378.89M |
| Gross profit | 163.48M | 172.60M | 207.01M | 298.20M | 228.13M | 165.94M |
| Selling & admin expenses | 169.35M | 231.63M | 929.76M | 519.45M | 248.47M | 370.75M |
| Research & development | -- | -- | -- | -- | -- | -- |
| Operating profit | -5.87M | -59.03M | -722.75M | -221.25M | -20.34M | -204.81M |
| Pretax profit | 9.95M | -20.35M | -675.83M | -194.65M | -344.00K | -200.25M |
| Tax | -3.20M | -8.34M | -100.34M | -32.21M | -7.00M | -29.88M |
| Net profit | 13.15M | -12.01M | -575.49M | -162.44M | 6.66M | -170.37M |
| Basic EPS | 0 | 0 | -5 | -2 | 0 | -1 |
| Diluted EPS | -0.24 | -0.49 | -4.66 | -1.55 | -0.10 | -1.41 |
Balance sheet
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 366.22M | 585.59M | 1.12B | 1.65B | 1.46B | 1.66B | 1.96B | 3.40B |
| Cash & ST investments | 40.62M | 89.94M | 179.89M | 116.39M | 128.56M | 181.59M | 289.30M | 1.12B |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 491.72M | 680.83M | 1.32B | 4.19B | 3.50B | 3.79B | 4.59B | 6.76B |
| Total current liabilities | 187.32M | 277.53M | 626.86M | 2.25B | 1.66B | 1.69B | 1.78B | 2.29B |
| Short-term debt | -- | -- | -- | 62.88M | 98.35M | 148.82M | 100.00M | 100.00M |
| Long-term debt | 143.85M | 143.14M | -- | -- | -- | -- | 169.27M | 1.10B |
| Total liabilities | 346,061,000.00 | 443,862,000.00 | 661,079,000.00 | 2,363,795,000.00 | 1,844,086,000.00 | 1,915,673,000.00 | 2,812,321,000.00 | 5,876,676,000.00 |
| Total equity | 145.66M | 236.97M | 659.69M | 1.82B | 1.65B | 1.87B | 1.77B | 886.03M |
| Retained earnings | -- | -- | 60.41M | 229.62M | 160.43M | 13.77M | -242.55M | -896.88M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 1.96B | 2.03B | 2.30B | 2.63B | 3.40B | 3.05B |
| Cash & ST investments | 289.30M | 244.13M | 366.18M | 377.45M | 1.12B | 702.52M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 4.59B | 4.78B | 5.33B | 5.24B | 6.76B | 7.77B |
| Total current liabilities | 1.78B | 2.03B | 1.88B | 1.94B | 2.29B | 2.35B |
| Short-term debt | 100.00M | 269.59M | -- | -- | 100.00M | 100.00M |
| Long-term debt | 169.27M | -- | 269.92M | 270.25M | 1.10B | 1.35B |
| Total liabilities | 2,812,321,000.00 | 3,084,999,000.00 | 4,106,321,000.00 | 4,722,001,000.00 | 5,876,676,000.00 | 6,528,018,000.00 |
| Total equity | 1.77B | 1.70B | 1.23B | 519.45M | 886.03M | 1.24B |
| Retained earnings | -242.55M | -331.99M | -720.43M | -866.33M | -896.88M | -1.08B |
Cash flow
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | 51.45M | 65.93M | 149.30M | 214.28M | 151.18M | 161.52M | 64.93M | 66.48M |
| Depreciation & amortization | 7.89M | 7.08M | 5.50M | 26.98M | 47.44M | 47.59M | 45.49M | 45.73M |
| Free cash flow | 48.41M | 65.09M | 148.04M | 212.18M | 145.56M | 141.92M | 59.83M | 63.86M |
| Dividends paid | 0 | 0 | -2.05M | -23.87M | -49.97M | -68.47M | -75.84M | -117.76M |
| Stock buybacks / issuance | 0 | 0 | 337.80M | -- | -- | 0 | 0 | -8.72M |
| Ending cash balance | 40.62M | 89.94M | 183.86M | 117.45M | 129.52M | 182.31M | 289.80M | 1.12B |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | -66.52M | 46.28M | 16.24M | 27.16M | -23.20M | -457.51M |
| Depreciation & amortization | 11.40M | 11.42M | 11.46M | 11.41M | 11.44M | 11.37M |
| Free cash flow | -69.19M | 45.19M | 15.91M | 26.73M | -23.96M | -458.06M |
| Dividends paid | -18.26M | -50.27M | -21.99M | -22.16M | -23.34M | -68.62M |
| Stock buybacks / issuance | -- | 0 | 1.73M | -- | -- | -19.22M |
| Ending cash balance | 289.80M | 244.66M | 366.71M | 378.02M | 1.12B | 703.10M |
Returns & efficiency
| Line item | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | 0.00 | 76.49 | 26.90 | 36.34 | -2.32 | 10.60 | -71.28 | -- |
| ROA %i | 0.00 | 22.50 | 6.26 | 7.04 | -0.48 | 1.59 | -4.29 | -9.44 |
| ROIC %i | 3.13 | 44.45 | 29.68 | 29.16 | -1.72 | 7.95 | -30.84 | -- |
| 5-year avg ROE %i | -- | -- | -- | -- | 12.19 | 14.31 | 0.05 | -- |
| EBIT margin %i | 28.04 | 35.59 | 43.82 | 37.62 | 55.15 | 28.77 | -17.82 | -43.77 |
| FCF / sales %i | 18.89 | 14.57 | 18.79 | 15.54 | -- | 19.94 | 5.09 | 3.20 |
| Current ratioi | 1.96 | 2.11 | 1.79 | 0.74 | 0.88 | 0.98 | 1.10 | 1.49 |
| Quick ratioi | 1.96 | 2.11 | 1.78 | 0.73 | 0.88 | 0.98 | 1.10 | 1.49 |
| Debt / assetsi | 29.25 | 21.03 | 0.00 | 3.20 | 6.28 | 7.09 | 8.35 | 19.30 |
| LT debt / equityi | 111.77 | 66.20 | -- | 8.68 | 15.71 | 36.90 | 157.67 | -- |
| Interest coveragei | 7.00 | 15.57 | 46.90 | 461.54 | -8.90 | 21.94 | -16.48 | -47.17 |
| Revenue CAGR (3Y) %i | -- | -- | 43.91 | 74.66 | -- | -3.33 | -4.89 | -- |
| Net income CAGR (3Y) %i | -- | -- | -8.38 | -- | -- | -2.48 | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | 43.42 | 63.65 | 30.77 | -1.40 | -34.43 | -24.01 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | -71.28 | -88.82 | -750.11 | -- | -- | -- |
| ROA %i | -4.29 | -5.37 | -13.13 | -11.40 | -9.44 | -9.77 |
| ROIC %i | -30.84 | -31.31 | -147.14 | -- | -- | -- |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | -17.82 | -20.92 | -66.16 | -48.44 | -43.77 | -52.42 |
| FCF / sales %i | 5.09 | 4.10 | 1.23 | 1.05 | 3.20 | -- |
| Current ratioi | 1.10 | 1.00 | 1.23 | 1.36 | 1.49 | 1.29 |
| Quick ratioi | 1.10 | 1.00 | 1.23 | 1.36 | 1.49 | 1.29 |
| Debt / assetsi | 8.35 | 7.99 | 7.12 | 7.19 | 19.30 | 20.19 |
| LT debt / equityi | 157.67 | 73.07 | -- | -- | -- | -- |
| Interest coveragei | -16.48 | -19.87 | -67.01 | -50.00 | -47.17 | -57.51 |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Management and advisory fees, net is the largest reported line at 71.04% of revenue, across 3 reported segments.
- The next-largest line, Carried Interest Allocations, is a distant second at 19.15% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Management and advisory fees, net71.04%
Carried Interest Allocations19.15%
Legacy Greenspring carried interest allocations9.81%
Quote time 2026-10-07 20:02:33 · For reference only, not investment advice and not tailored to your situation.