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STEPStepStone Group Inc.
$47.45$6.1B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
STEP logo

StepStone Group Inc.

STEP
NASDAQ · Asset Managers & Custodians
$47.45
At close - Nov 6, 4:00 PM EST - USD
Market Cap$6.13B
P/E-12.3x
52W High$77.80
Volume1.91M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2027Q1

Fee-Driven Revenue Surge Masks Negative Equity Risk

StepStone's revenue surged 69.7% year-over-year to $378.9M in 2027Q1, driven almost entirely by non-interest income (96.5% of total revenue), yet GAAP net income remains deeply negative at -$115.8M, reflecting cumulative losses of $1.1B over the past year.

GrowthAccelerating
ProfitabilityWeak
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

STEP price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

8/12 Beats

EPS beat 8 of last 12 quarters

02

Valuation risk

-159% Peers

P/E is 159% below peer median

03

Market leadership

RS 64 · Avg

Average momentum (RS Rating: 64)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Feb 5

Market performance

Price History →

Trailing total returns as of 11/8/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
STEP-26.60%
S&P 500 (^GSPC)+7.63%
1-Year Return
STEP-21.00%
S&P 500 (^GSPC)+9.69%
3-Year Return
STEP+81.02%
S&P 500 (^GSPC)+85.31%
5-Year Return
STEP+10.59%
S&P 500 (^GSPC)+70.44%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y Low
-12.3x
Forward P/E
22.7x
EV/EBITDA
N/A
FCF YieldCash Flow
1.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-12.3x
39.3x
0th· Low
EV/EBITDA
N/A
11.2x
N/A
Price/FCF
95.9x
16.8x
100th· High
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$8.32-82.5%
Base (Fair)$22.26-53.1%
Bull$11.01-76.8%
$8.32 Bear$22.26 Base$11.01 Bull
Current Market Price: $47.45
Trades at a 113.2% premium to Base DCF ($22.26)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue FY26
$1.98B+70.0% YoY
Net income FY26
-$521M-190.3% YoY
Free cash flow FY26
$64M+6.7% YoY
Operating margin FY26
-51.8%-30.2 pts YoY
ROIC (FY26)-35.3%
Avg ROIC 5Y-2.3%
ROE (TTM)-30.3%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate8/12 (67%)
Revenue Beat Rate9/12 (75%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q4 2026Latest
Nov 5, 2026
$0.66+19.1%
vs $0.55
$773M+138.0%
vs $325M
Q3 2026
Aug 6, 2026
$0.48-4.8%
vs $0.50
$301M-2.8%
vs $309M
Q2 2026
May 20, 2026
$0.57+9.2%
vs $0.52
$306M+4.7%
vs $292M
Q1 2026
Feb 5, 2026
$0.65+8.3%
vs $0.60
$495M+25.2%
vs $395M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

4 Stories
MarketBeat·1d ago
StepStone Group Q2 Earnings Call Highlights

StepStone Group NASDAQ: STEP reported record fee-related earnings and its strongest 12-month fundraising period in the second quarter of fiscal 2027, as growth in managed accounts and private wealth funds lifted assets and revenue.

Zacks Investment Research·2d ago
StepStone Group (STEP) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for StepStone Group (STEP) give a sense of how the business performed in the quarter ended September 2026, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Zacks Investment Research·2d ago
StepStone Group Inc. (STEP) Q2 Earnings and Revenues Top Estimates

StepStone Group Inc. (STEP) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.54 per share a year ago.

GlobeNewsWire·2d ago
StepStone Group Reports Second Quarter Fiscal Year 2027 Results

NEW YORK, Nov. 05, 2026 (GLOBE NEWSWIRE) -- StepStone Group Inc. (Nasdaq: STEP) (“we,” “us,” or the “Company”), a global private markets investment firm focused on providing customized investment solutions and advisory and data services, today reported results for the quarter ended September 30, 2026. This represents results for the second quarter of the fiscal year ending March 31, 2027.

Filtered for StepStone Group Inc.More Headlines
04

Compare before deciding

Benchmark STEP against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for StepStone Group Inc. (STEP)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
STEP logoSTEPStepStone Group Inc.Current
$47.45$6.13B-12.2769.96%-13.9%-30.26%3.09%
HLI logoHLIHoulihan Lokey, Inc.
$145.86$10.19B24.239.55%15.78%16.93%1.74%
HLNE logoHLNEHamilton Lane Incorporated
$89.46$4.97B17.026.35%32.94%17.62%2.91%
GCMG logoGCMGGCM Grosvenor Inc.
$12.66$2.37B57.919.17%8.1%47.35%1.01%
ARES logoARESAres Management Corporation
$133.98$44B70.4396.21%7.93%5.07%6.03%
BX logoBXBlackstone Inc.
$119.50$94.14B26.8821.87%22.58%16.4%6.44%

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 BX

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

Peer Set

Compare Top 5

vs HLI, HLNE, GCMG, ARES

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

STEP SEC Filings & Documents

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

8-K Announcements

6
Material company update

Aug 6, 2026·SEC

Material company update

Jun 1, 2026·SEC

Material company update

May 20, 2026·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

Aug 7, 2026·SEC

FY 2026

Feb 5, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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STEP Frequently Asked Questions

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

Growth & Financials
How fast is StepStone Group Inc. growing?

StepStone Group Inc. (STEP) grew revenue by 50.6% over the trailing twelve months, compared with the twelve months before.

Is STEP profitable?

No. StepStone Group Inc. (STEP) reported a net loss of $318.3M over the trailing twelve months.

Dividend & Returns
Does STEP pay dividends?

Yes. StepStone Group Inc. (STEP) pays a dividend that yields 3.09% at the current price, a moderate yield.

What is STEP's return on equity?

StepStone Group Inc. (STEP) had a return on equity (ROE) of -30.3% over the trailing twelve months. A negative ROE means the company lost money over the period.

Industry Metrics
What is StepStone Group Inc.'s net interest margin?

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

What is StepStone Group Inc.'s efficiency ratio?

StepStone Group Inc. (STEP) has an efficiency ratio of 103.3%. 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

See returns →