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$45.20$5.7B
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STEP logoStepStone Group Inc.(STEP)Earnings, Financials & Key Ratios

STEP•NASDAQ•Banking & Credit
Price updated Jun 19, 2026
SectorFinancial ServicesIndustryAsset ManagementSub-IndustryAlternative 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-$7M-260.3%
  • Total Revenue$1.99B+69.7%
  • Net Income-$521M-190.3%
  • Return on Equity-39.19%-298.1%
  • Net Interest Margin-0.1%-144.4%
  • Efficiency Ratio102.33%+645.5%
  • ROA-9.19%-114.3%
  • Equity / Assets13.1%-66.1%
  • Book Value per Share11.03-55.8%

STEP Key Insights

StepStone Group Inc. (STEP) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Well capitalized: 13.1% equity/assets
  • ✓Healthy dividend yield of 3.2%
  • ✓Diversified revenue: 99.4% from non-interest income

✗Weaknesses

  • ✗Weak NIM of -0.1%
  • ✗High cost structure: 102.3% efficiency ratio
  • ✗Weak momentum: RS Rating 20 (bottom 20%)
  • ✗Shares diluted 12.9% in last year
  • ✗Trading more than 30% below 52-week high

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

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STEP Price & Volume

StepStone Group Inc. (STEP) stock price & volume — 10-year historical chart

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STEP Growth Metrics

StepStone Group Inc. (STEP) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years20.41%
3 Years-
TTM-

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM-198.4%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM-184.39%

Return on Capital

10 Years18.2%
5 Years2.13%
3 Years-7.89%
Last Year-21.8%

STEP Recent Earnings

StepStone Group Inc. (STEP) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 7/12 qtrs (58%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 20, 2026
Metric
Actual
Est
EPS
$0.57+9.2%
$0.52
Rev
$306M+4.7%
$292M
Q1 2026
Feb 5, 2026
Metric
Actual
Est
EPS
$0.65+8.3%
$0.60
Rev
$495M+25.2%
$395M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.54+11.3%
$0.49
Rev
$454M+66.8%
$272M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.49-215.8%
$0.43
Rev
$366M+53.6%
$238M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 20, 2026
$0.57vs $0.52+9.2%
$306Mvs $292M+4.7%
Q1 2026Feb 5, 2026
$0.65vs $0.60+8.3%
$495Mvs $395M+25.2%
Q4 2025Nov 6, 2025
$0.54vs $0.49+11.3%
$454Mvs $272M+66.8%
Q3 2025Aug 7, 2025
$0.49vs $0.43-215.8%
$366Mvs $238M+53.6%
Based on last 12 quarters of dataView full earnings history →

STEP Peer Comparison

StepStone Group Inc. (STEP) competitors in Alternative asset managers — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
HLI logoHLIHoulihan Lokey, Inc.Direct Competitor9.82B140.7724.1924.81%16.91%20.14%0.20
HLNE logoHLNEHamilton Lane IncorporatedDirect Competitor4.57B82.2213.896.46%32.83%20.15%0.24
GCMG logoGCMGGCM Grosvenor Inc.Direct Competitor2.25B12.0528.698.04%9.04%86.52%3.77
ARES logoARESAres Management CorporationDirect Competitor42.48B129.3465.9966.55%9%6.25%1.71
BX logoBXBlackstone Inc.Direct Competitor96.99B123.7831.9021.58%21.83%14.35%0.61
KKR logoKKRKKR & Co. Inc.Direct Competitor86.49B97.0141.46-10.99%12.45%3.19%0.67
APO logoAPOApollo Global Management, Inc.Product Competitor79.27B137.5018.9416.03%7.24%5.52%0.31
CG logoCGThe Carlyle Group Inc.Product Competitor16.18B44.8020.5519.8%13.7%7.81%1.97

Compare STEP vs Peers

StepStone Group Inc. (STEP) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HLI

Most directly comparable listed peer for STEP.

Scale Benchmark

vs BK

Larger-name benchmark to compare STEP against a more recognizable public peer.

Peer Set

Compare Top 5

vs HLI, HLNE, GCMG, ARES

STEP Income Statement

StepStone Group Inc. (STEP) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Net Interest Income
-770K-8.75M-8.78M-6.95M-776K-2.27M-5.67M-1.85M-6.67M
NII Growth %
--1036.88%-0.24%20.83%88.83%-192.27%-149.87%67.34%-260.29%
Net Interest Margin %
-0.17%-1.78%-1.29%-0.53%-0.02%-0.06%-0.15%-0.04%-0.1%
Interest Income
143K1.51M1.44M413K337K1.92M3.66M10.85M11.83M
Interest Expense
913K10.26M10.21M7.36M1.11M4.19M9.33M12.7M18.5M
Loan Loss Provision
145.78M129.56M230.18M395.8M787.59M-243.37M320.86M1.25B958.46M
Non-Interest Income
264.13M254.76M445.18M787.3M1.37B-69.5M707.97M1.16B1.98B
Non-Interest Income %
99.95%99.41%99.68%99.95%99.98%102.84%99.49%99.08%99.41%
Total Revenue
264.27M▲ 0%
256.27M▼ 3.0%
446.61M▲ 74.3%
787.72M▲ 76.4%
1.37B▲ 73.4%
-67.57M▼ 104.9%
711.63M▲ 1153.1%
1.17B▲ 65.1%
1.99B▲ 69.7%
Revenue Growth %
--3.03%74.28%76.38%73.35%-104.95%1153.11%65.09%69.69%
Non-Interest Expense
36.04M50.03M54.28M56.38M124.46M172.1M209.67M161.25M2.04B
Efficiency Ratio
13.64%19.52%12.15%7.16%9.11%-254.68%29.46%13.73%102.33%
Operating Income
81.55M▲ 0%
66.42M▼ 18.5%
151.94M▲ 128.8%
328.17M▲ 116.0%
452.36M▲ 37.8%
-497K▼ 100.1%
171.77M▲ 34661.6%
-250.72M▼ 246.0%
-1.02B▼ 308.2%
Operating Margin %
30.86%25.92%34.02%41.66%33.13%0.74%24.14%-21.34%-51.33%
Operating Income Growth %
--18.55%128.76%115.98%37.84%-100.11%34661.57%-245.96%-308.17%
Pretax Income
85.81M▲ 0%
61.6M▼ 28.2%
148.74M▲ 141.5%
337.85M▲ 127.1%
512.58M▲ 51.7%
-41.45M▼ 108.1%
195.4M▲ 571.4%
-222.03M▼ 213.6%
-891.17M▼ 301.4%
Pretax Margin %
32.47%24.04%33.3%42.89%37.54%61.35%27.46%-18.9%-44.7%
Income Tax
1.99M1.64M3.96M23.26M28.3M3.82M27.58M-49.21M-147.89M
Effective Tax Rate %
2.31%2.66%2.66%6.88%5.52%-9.22%14.11%22.16%16.6%
Net Income
81.44M▲ 0%
0▼ 100.0%
0▲ 0%
62.63M▲ 0%
193.88M▲ 209.6%
-18.4M▼ 109.5%
58.09M▲ 415.7%
-179.56M▼ 409.1%
-521.36M▼ 190.3%
Net Margin %
30.82%0%0%7.95%14.2%27.23%8.16%-15.28%-26.15%
Net Income Growth %
--100%--209.55%-109.49%415.75%-409.11%-190.35%
Net Income (Continuing)
83.82M59.96M144.78M314.59M484.28M-45.27M167.82M-172.83M-743.28M
EPS (Diluted)
3.06▲ 0%
2.25▼ 26.5%
4.51▲ 100.4%
2.06▼ 54.3%
3.84▲ 86.4%
-0.30▼ 107.8%
0.91▲ 403.3%
-2.52▼ 376.9%
-6.70▼ 165.9%
EPS Growth %
--26.47%100.44%-54.32%86.41%-107.81%403.33%-376.92%-165.87%
EPS (Basic)
3.062.254.512.113.89-0.300.92-2.52-6.80
Diluted Shares Outstanding
29.24M29.24M26.61M33.27M53.6M61.88M66.54M71.14M80.3M

STEP Balance Sheet

StepStone Group Inc. (STEP) balance sheet — assets, liabilities & shareholders' equity

MetricMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash & Short Term Investments
106.3M40.62M89.94M179.89M116.39M128.56M181.59M289.3M1.12B
Cash & Due from Banks
106.3M40.62M89.94M179.89M116.39M128.56M181.59M289.3M1.12B
Short Term Investments
000000000
Total Investments
35.53M86.66M53.39M74.38M1.44B916.43M898.1M1.23B3.75B
Investments Growth %
-143.87%-38.39%39.32%1838.22%-36.43%-2%36.73%205.75%
Long-Term Investments
35.53M86.66M53.39M74.38M1.44B916.43M898.1M1.23B3.75B
Accounts Receivables
19.94M24.27M25.12M32.1M34.14M44.45M56.77M80.87M246.44M
Goodwill & Intangibles
16.56M20.65M15.62M12.28M978.67M935.19M885.41M844.41M803.59M
Goodwill
5.76M6.79M6.79M6.79M580.54M580.54M580.54M580.54M580.54M
Intangible Assets
10.8M13.86M8.83M5.49M398.13M354.64M304.87M263.87M223.04M
PP&E (Net)
5.36M0010.23M61.06M116.97M127.32M121.64M81.56M
Other Assets
9.87M18.2M25.5M14.49M27.43M28.99M32.8M50.76M142.88M
Total Current Assets
398M366.22M585.59M1.12B1.65B1.46B1.66B1.96B1.37B
Total Non-Current Assets
67.31M125.5M95.24M200.82M2.54B2.04B2.13B2.63B5.4B
Total Assets
465.31M▲ 0%
491.72M▲ 5.7%
680.83M▲ 38.5%
1.32B▲ 94.0%
4.19B▲ 217.1%
3.5B▼ 16.5%
3.79B▲ 8.3%
4.59B▲ 21.1%
6.76B▲ 47.4%
Asset Growth %
-5.68%38.46%93.99%217.1%-16.49%8.33%21.06%47.44%
Return on Assets (ROA)
17.5%--6.26%7.04%-0.48%1.59%-4.29%-9.19%
Accounts Payable
18.17M35.03M36.22M47.72M80.54M89.4M127.42M89.73M102.69M
Total Debt
9.87M160.81M143.14M0133.84M219.57M268.56M382.79M1.31B
Net Debt
-96.43M120.18M53.2M-179.89M17.46M91.01M86.97M93.48M186.36M
Long-Term Debt
144.46M143.85M143.14M000001.2B
Short-Term Debt
016.95M0062.88M98.35M148.82M269.27M16M
Other Liabilities
8.45M14.89M23.18M34.22M46.4M67.18M103.13M754.27M4.53B
Total Current Liabilities
174.76M187.32M277.53M626.86M2.25B1.66B1.69B1.94B16M
Total Non-Current Liabilities
152.91M158.74M166.33M34.22M117.36M188.4M222.87M867.79M5.88B
Total Liabilities
327.67M346.06M443.86M661.08M2.36B1.84B1.92B2.81B5.88B
Total Equity
503.48M▲ 0%
145.66M▼ 71.1%
236.97M▲ 62.7%
659.69M▲ 178.4%
1.82B▲ 176.5%
1.65B▼ 9.4%
1.87B▲ 13.3%
1.77B▼ 5.3%
886.03M▼ 50.1%
Equity Growth %
--71.07%62.68%178.39%176.54%-9.37%13.3%-5.27%-50.07%
Equity / Assets (Capital Ratio)
108.2%29.62%34.81%49.95%43.56%47.27%49.44%38.69%13.1%
Return on Equity (ROE)
16.18%--13.97%15.61%-1.06%3.29%-9.85%-39.19%
Book Value per Share
17.224.988.9019.8334.0426.7228.1524.9411.03
Tangible BV per Share
16.654.288.3219.4615.7811.6014.8413.071.03
Common Stock
121.17M128.43M216.05M95K109K109K111K117K120K
Additional Paid-in Capital
000188.75M587.24M610.57M310.29M421.06M482.06M
Retained Earnings
00060.41M229.62M160.43M13.77M-242.55M-896.88M
Accumulated OCI
137.65M283K178K155K658K461K304K728K1.14M
Treasury Stock
000000000
Preferred Stock
204.7M00000000

STEP Cash Flow Statement

StepStone Group Inc. (STEP) cash flow — operating, investing & free cash flow history

MetricMar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash from Operations
53.61M51.45M65.93M149.3M214.28M151.18M161.52M64.93M66.48M
Operating CF Growth %
--4.03%28.14%126.45%43.52%-29.45%6.84%-59.8%2.39%
Net Income
83.82M59.96M144.78M314.59M484.28M-45.27M58.09M-172.83M-521.36M
Depreciation & Amortization
4.33M7.88M7.08M5.5M26.98M47.44M47.59M45.49M45.73M
Deferred Taxes
00015.91M6.22M-12.69M9.21M-75.06M-194.95M
Other Non-Cash Items
-93.81M-16.44M-81.49M-223.85M-308.56M169.53M-46.95M-363M395.81M
Working Capital Changes
59.08M-1.68M-6.35M29.25M-8.63M-32.76M18.89M-19.81M-706K
Cash from Investing
-6.6M-61.89M35.81M-11.17M-210.24M-30.81M-47.35M-43.48M732.88M
Purchase of Investments
-5.87M-100.58M-40.2M-14.05M-39.65M-21.64M-112.98M-58.61M-391.79M
Sale/Maturity of Investments
046.48M71.34M00067.37M07.04M
Net Investment Activity
-5.87M-54.1M31.15M-14.05M-39.65M-21.64M-45.61M-58.61M-384.75M
Acquisitions
0-8.96M00-181.53M-13.39M0-19.6M0
Other Investing
2.71M4.21M5.5M4.14M13.04M9.84M17.87M39.84M1.12B
Cash from Financing
38.82M-55.52M-52.17M-45.31M-70.44M-108.02M-57.98M87.48M37.44M
Dividends Paid
-88.36M00-2.05M-23.87M-49.97M-68.47M-75.84M-117.76M
Share Repurchases
00000000-8.71M
Stock Issued
000337.8M0012.46M22.12M5.04M
Net Stock Activity
000337.8M0012.46M22.12M-3.68M
Debt Issuance (Net)
1000K-1000K-1000K-1000K1000K1000K1000K1000K0
Other Financing
-8.85M-54.18M-50.7M-234.06M-111.56M-93.05M-51.96M16.24M158.88M
Net Change in Cash
85.91M▲ 0%
-65.67M▼ 176.4%
49.32M▲ 175.1%
93.92M▲ 90.4%
-66.41M▼ 170.7%
12.07M▲ 118.2%
52.8M▲ 337.5%
107.49M▲ 103.6%
829.2M▲ 671.4%
Exchange Rate Effect
76K288K-252K1.1M-15K-287K-3.4M-1.44M-7.6M
Cash at Beginning
20.38M106.3M40.62M89.94M183.86M117.45M129.52M182.31M289.8M
Cash at End
106.3M40.62M89.94M183.86M117.45M129.52M182.31M289.8M1.12B
Interest Paid
792K9.49M9.36M3.49M829K3.55M8.46M7.24M16.08M
Income Taxes Paid
1.86M1.74M2.78M3.41M11.69M29.49M14.29M14.14M42.32M
Free Cash Flow
50.18M▲ 0%
48.41M▼ 3.5%
65.09M▲ 34.5%
148.04M▲ 127.4%
212.18M▲ 43.3%
145.56M▼ 31.4%
141.91M▼ 2.5%
59.83M▼ 57.8%
63.86M▲ 6.7%
FCF Growth %
--3.53%34.46%127.43%43.32%-31.4%-2.5%-57.84%6.74%

STEP Banking Ratios

StepStone Group Inc. (STEP) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric201820192020202120222023202420252026
Return on Equity (ROE)
16.18%--13.97%15.61%-1.06%3.29%-9.85%-39.19%
Return on Assets (ROA)
17.5%--6.26%7.04%-0.48%1.59%-4.29%-9.19%
Net Interest Margin
-0.17%-1.78%-1.29%-0.53%-0.02%-0.06%-0.15%-0.04%-0.1%
Efficiency Ratio
13.64%19.52%12.15%7.16%9.11%-254.68%29.46%13.73%102.33%
Equity / Assets
108.2%29.62%34.81%49.95%43.56%47.27%49.44%38.69%13.1%
Book Value / Share
17.224.988.919.8334.0426.7228.1524.9411.03
NII Growth
--1036.88%-0.24%20.83%88.83%-192.27%-149.87%67.34%-260.29%
Dividend Payout
108.5%--3.27%12.31%-117.87%--
Related:STEP Dividend History·STEP Revenue History·STEP Price History·STEP P/E History·STEP Financial Ratios·STEP Institutional Holders

STEP SEC Filings & Documents

StepStone Group Inc. (STEP) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

May 20, 2026·SEC

Material company update

Feb 5, 2026·SEC

Material company update

Nov 6, 2025·SEC

10-K Annual Reports

3
FY 2026

May 27, 2026·SEC

FY 2025

May 23, 2025·SEC

FY 2024

May 24, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Feb 5, 2026·SEC

FY 2025

Nov 6, 2025·SEC

FY 2025

Aug 7, 2025·SEC

STEP Frequently Asked Questions

StepStone Group Inc. (STEP) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

StepStone Group Inc. (STEP) grew revenue by 69.7% over the past year. This is strong growth.

StepStone Group Inc. (STEP) reported a net loss of $535.8M for fiscal year 2026.

Dividend & Returns

Yes, StepStone Group Inc. (STEP) pays a dividend with a yield of 3.24%. This makes it attractive for income-focused investors.

StepStone Group Inc. (STEP) has a return on equity (ROE) of -39.2%. Negative ROE indicates the company is unprofitable.

Industry Metrics

StepStone Group Inc. (STEP) has a net interest margin (NIM) of -0.1%. NIM has been under pressure due to interest rate environment.

StepStone Group Inc. (STEP) has an efficiency ratio of 102.3%. This is higher than peers, suggesting room for cost optimization.

What if you invested $1,000 in STEP back in 2018?

Total return calculator · dividends reinvested · 8+ years of data

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How much would $100/month in STEP be worth today?

Dollar cost averaging calculator · DCA vs lump sum

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