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StepStone Group Inc. (STEP) 10-Year Financial Performance & Capital Metrics

STEP • • Banking & Credit
Financial ServicesAsset ManagementAlternative Asset ManagementPrivate Equity & Real Asset Managers
AboutStepStone Group Inc. is an investment firm specializing in direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, and buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, consumer staples, financials, telecommunication services, energy, infrastructure, real estate, and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. It typically invests between $15 million and $200 million in firms with enterprise value between $150 million and $25000 million. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, Europe, Australia, and Asia.Show more
  • Net Interest Income -$2M +67.3%
  • Total Revenue $1.17B +65.1%
  • Net Income -$180M -409.1%
  • Return on Equity -9.85% -398.8%
  • Net Interest Margin -0.04% +73.0%
  • Efficiency Ratio 13.73% -53.4%
  • ROA -4.29% -368.9%
  • Equity / Assets 38.69% -21.8%
  • Book Value per Share 24.94 -11.4%
  • Tangible BV/Share 13.07 -11.9%
  • Debt/Equity 0.22 +50.5%
Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

  • ✓Efficient operations: 13.7% efficiency ratio
  • ✓Well capitalized: 38.7% equity/assets
  • ✓Diversified revenue: 99.1% from non-interest income
  • ✓Trading near 52-week high

✗Weaknesses

  • ✗Weak NIM of -0.0%

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-
5Y21.34%
3Y-4.89%
TTM-

Profit (Net Income) CAGR

10Y-
5Y-
3Y-
TTM-1580.11%

EPS CAGR

10Y-
5Y-
3Y-
TTM-1390.32%

ROCE

10Y Avg23.2%
5Y Avg18.45%
3Y Avg-0.63%
Latest-10.58%

Peer Comparison

Private Equity & Real Asset Managers
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Size & Scale
Valuation
Per Share
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Quality & Returns
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Technical
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Shares & Dilution
Sector-Specific
NameMarket CapCurrent PriceP/E RatioRevenue Growth 1YNet MarginROEFCF YieldDebt/Equity
TPGTPG Inc.9.85B67.271044.5741.37%0.9%6.69%5.11%0.44
GCMGGCM Grosvenor Inc.2.18B11.68340.5215.82%3.57%8.9%6.05%
BNBrookfield Corporation106.23B47.33228.98-10.34%0.75%0.61%1.42
BXBlackstone Inc.118.75B160.8144.4252.91%24.41%13.59%2.88%0.63
BAMBrookfield Asset Management Ltd.83.91B52.0440.66-2.02%54.47%22.06%2.21%0.07
KKRKKR & Co. Inc.117.05B131.3240.0451.09%14.22%4.36%5.56%0.82
PAXPatria Investments Limited1.13B17.4337.0914.22%19.21%17.64%12.14%0.51
HLNEHamilton Lane Incorporated6.76B153.8428.4428.73%30.49%19.91%4.6%0.40

Profit & Loss

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Net Interest Income+-770K-8.75M-8.78M-6.95M-776K-2.27M-5.67M-1.85M
NII Growth %--10.37%-0%0.21%0.89%-1.92%-1.5%0.67%
Net Interest Margin %--------
Interest Income143K1.51M1.44M413K337K1.92M3.66M10.85M
Interest Expense913K10.26M10.21M7.36M1.11M4.19M9.33M12.7M
Loan Loss Provision145.78M129.56M230.18M395.8M787.59M-243.37M320.86M1.25B
Non-Interest Income+264.13M254.76M445.18M787.3M1.37B-69.5M707.97M1.16B
Non-Interest Income %--------
Total Revenue+264.27M256.27M446.61M787.72M1.37B-67.57M711.63M1.17B
Revenue Growth %--0.03%0.74%0.76%0.73%-1.05%11.53%0.65%
Non-Interest Expense36.04M50.03M54.28M56.38M124.46M172.1M209.67M161.25M
Efficiency Ratio--------
Operating Income+81.55M66.42M151.94M328.17M452.36M-497K171.77M-250.72M
Operating Margin %--------
Operating Income Growth %--0.19%1.29%1.16%0.38%-1%346.62%-2.46%
Pretax Income+85.81M61.6M148.74M337.85M512.58M-41.45M195.4M-222.03M
Pretax Margin %--------
Income Tax+1.99M1.64M3.96M23.26M28.3M3.82M27.58M-49.21M
Effective Tax Rate %--------
Net Income+81.44M0062.63M193.88M-18.4M58.09M-179.56M
Net Margin %--------
Net Income Growth %--1%--2.1%-1.09%4.16%-4.09%
Net Income (Continuing)83.82M59.96M144.78M314.59M484.28M-45.27M167.82M-172.83M
EPS (Diluted)+3.062.254.512.063.84-0.300.91-2.52
EPS Growth %--0.26%1%-0.54%0.86%-1.08%4.03%-3.77%
EPS (Basic)3.062.254.512.113.89-0.300.92-2.52
Diluted Shares Outstanding29.24M29.24M26.61M33.27M53.6M61.88M66.54M71.14M

Balance Sheet

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash & Short Term Investments+1000K1000K1000K1000K1000K1000K1000K1000K
Cash & Due from Banks106.3M40.62M89.94M179.89M116.39M128.56M181.59M289.3M
Short Term Investments00000000
Total Investments+35.53M86.66M53.39M74.38M1.44B916.43M898.1M1.23B
Investments Growth %-1.44%-0.38%0.39%18.38%-0.36%-0.02%0.37%
Long-Term Investments35.53M86.66M53.39M74.38M1.44B916.43M898.1M1.23B
Accounts Receivables1000K1000K1000K1000K1000K1000K1000K1000K
Goodwill & Intangibles+--------
Goodwill5.76M6.79M6.79M6.79M580.54M580.54M580.54M580.54M
Intangible Assets10.8M13.86M8.83M5.49M398.13M354.64M304.87M263.87M
PP&E (Net)5.36M0010.23M61.06M116.97M127.32M121.64M
Other Assets9.87M18.2M25.5M14.49M27.43M28.99M32.8M50.76M
Total Current Assets398M366.22M585.59M1.12B1.65B1.46B1.66B1.96B
Total Non-Current Assets67.31M125.5M95.24M200.82M2.54B2.04B2.13B2.63B
Total Assets+465.31M491.72M680.83M1.32B4.19B3.5B3.79B4.59B
Asset Growth %-0.06%0.38%0.94%2.17%-0.16%0.08%0.21%
Return on Assets (ROA)0.18%--0.06%0.07%-0%0.02%-0.04%
Accounts Payable18.17M35.03M36.22M47.72M80.54M89.4M127.42M89.73M
Total Debt+9.87M160.81M143.14M0133.84M219.57M268.56M382.79M
Net Debt-96.43M120.18M53.2M-179.89M17.46M91.01M86.97M93.48M
Long-Term Debt144.46M143.85M143.14M00000
Short-Term Debt016.95M0062.88M98.35M148.82M269.27M
Other Liabilities8.45M14.89M23.18M34.22M46.4M67.18M103.13M754.27M
Total Current Liabilities174.76M187.32M277.53M626.86M2.25B1.66B1.69B1.94B
Total Non-Current Liabilities152.91M158.74M166.33M34.22M117.36M188.4M222.87M867.79M
Total Liabilities327.67M346.06M443.86M661.08M2.36B1.84B1.92B2.81B
Total Equity+503.48M145.66M236.97M659.69M1.82B1.65B1.87B1.77B
Equity Growth %--0.71%0.63%1.78%1.77%-0.09%0.13%-0.05%
Equity / Assets (Capital Ratio)--------
Return on Equity (ROE)0.16%--0.14%0.16%-0.01%0.03%-0.1%
Book Value per Share17.224.988.9019.8334.0426.7228.1524.94
Tangible BV per Share--------
Common Stock121.17M128.43M216.05M95K109K109K111K117K
Additional Paid-in Capital000188.75M587.24M610.57M310.29M421.06M
Retained Earnings00060.41M229.62M160.43M13.77M-242.55M
Accumulated OCI137.65M283K178K155K658K461K304K728K
Treasury Stock00000000
Preferred Stock204.7M0000000

Cash Flow

Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operations+53.61M51.45M65.93M149.3M214.28M151.18M161.52M64.93M
Operating CF Growth %--0.04%0.28%1.26%0.44%-0.29%0.07%-0.6%
Net Income83.82M59.96M144.78M314.59M484.28M-45.27M58.09M-172.83M
Depreciation & Amortization4.33M7.88M7.08M5.5M26.98M47.44M47.59M45.49M
Deferred Taxes00015.91M6.22M-12.69M9.21M-75.06M
Other Non-Cash Items-93.81M-16.44M-81.49M-223.85M-308.56M169.53M-46.95M-363M
Working Capital Changes59.08M-1.68M-6.35M29.25M-8.63M-32.76M18.89M-19.81M
Cash from Investing+-6.6M-61.89M35.81M-11.17M-210.24M-30.81M-47.35M-43.48M
Purchase of Investments-5.87M-100.58M-40.2M-14.05M-39.65M-21.64M-112.98M-58.61M
Sale/Maturity of Investments01000K1000K0001000K0
Net Investment Activity--------
Acquisitions0-8.96M00-181.53M-13.39M0-19.6M
Other Investing2.71M4.21M5.5M4.14M13.04M9.84M17.87M39.84M
Cash from Financing+38.82M-55.52M-52.17M-45.31M-70.44M-108.02M-57.98M87.48M
Dividends Paid-88.36M00-2.05M-23.87M-49.97M-68.47M-75.84M
Share Repurchases0000-13.43M000
Stock Issued000337.8M13.43M012.46M22.12M
Net Stock Activity--------
Debt Issuance (Net)1000K-1000K-1000K-1000K1000K1000K1000K1000K
Other Financing-8.85M-54.18M-50.7M-234.06M-124.99M-93.05M-51.96M16.24M
Net Change in Cash+85.91M-65.67M49.32M93.92M-66.41M12.07M52.8M107.49M
Exchange Rate Effect76K288K-252K1000K-15K-287K-1000K-1000K
Cash at Beginning20.38M106.3M40.62M89.94M183.86M117.45M129.52M182.31M
Cash at End106.3M40.62M89.94M183.86M117.45M129.52M182.31M289.8M
Interest Paid792K9.49M9.36M3.49M829K3.55M8.46M7.24M
Income Taxes Paid1.86M1.74M2.78M3.41M11.69M29.49M14.29M14.14M
Free Cash Flow+50.18M48.41M65.09M148.04M212.18M145.56M141.91M59.83M
FCF Growth %--0.04%0.34%1.27%0.43%-0.31%-0.03%-0.58%

Banking Ratios

Metric20182019202020212022202320242025
Return on Equity (ROE)16.18%--13.97%15.61%-1.06%3.29%-9.85%
Return on Assets (ROA)17.5%--6.26%7.04%-0.48%1.59%-4.29%
Net Interest Margin-0.17%-1.78%-1.29%-0.53%-0.02%-0.06%-0.15%-0.04%
Efficiency Ratio13.64%19.52%12.15%7.16%9.11%-254.68%29.46%13.73%
Equity / Assets108.2%29.62%34.81%49.95%43.56%47.27%49.44%38.69%
Book Value / Share17.224.988.919.8334.0426.7228.1524.94
NII Growth--1036.88%-0.24%20.83%88.83%-192.27%-149.87%67.34%
Dividend Payout108.5%--3.27%12.31%-117.87%-

Revenue by Segment

20212022202320242025
Management And Advisory Fees, Net285.46M380.26M497.18M585.14M767.01M
Management And Advisory Fees, Net Growth-33.21%30.75%17.69%31.08%
Performance Fees---126.49M407.82M
Performance Fees Growth----222.41%
Incentive Fees5.47M11.59M9.66M--
Incentive Fees Growth-111.78%-16.65%--
Carried Interest Allocation---122.25M--
Carried Interest Allocation Growth-----
Legacy Carried Interest Allocation-187.11M-452.16M--
Legacy Carried Interest Allocation Growth---341.66%--
Carried Interest Allocation, Unrealized433.83M585.85M---
Carried Interest Allocation, Unrealized Growth-35.04%---
Carried Interest Allocation, Realized62.95M200.72M---
Carried Interest Allocation, Realized Growth-218.84%---

Revenue by Geography

20212022202320242025
Non-US621M937.24M170.87M520.26M653.59M
Non-US Growth-50.93%-81.77%204.48%25.63%
UNITED STATES166.72M428.28M-238.44M191.37M521.24M
UNITED STATES Growth-156.89%-155.67%180.26%172.37%

Frequently Asked Questions

Growth & Financials

StepStone Group Inc. (STEP) grew revenue by 65.1% over the past year. This is strong growth.

StepStone Group Inc. (STEP) reported a net loss of $615.1M for fiscal year 2025.

Dividend & Returns

Yes, StepStone Group Inc. (STEP) pays a dividend with a yield of 1.41%. This makes it attractive for income-focused investors.

StepStone Group Inc. (STEP) has a return on equity (ROE) of -9.8%. Negative ROE indicates the company is unprofitable.

Industry Metrics

StepStone Group Inc. (STEP) has a net interest margin (NIM) of -0.0%. NIM has been under pressure due to interest rate environment.

StepStone Group Inc. (STEP) has an efficiency ratio of 13.7%. This is excellent, indicating strong cost control.

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