StepStone Group Inc. STEP R2K
StepStone Group Inc. is a private equity and venture capital firm specializing in primary, direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, 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, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit 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. 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. The firm seeks to make minority and majority investments. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, South Korea, Europe, Australia and Asia.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 1016.8% over 5 years.
- Attractive dividend yield of 3.39%.
- Generates positive free cash flow.
CONS
- Earnings shrank at -937.4% CAGR over 5 years.
- Trading 35.0% below its 52-week high.
- In a downtrend (50-DMA below 200-DMA).
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Financial Services).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | STEP StepStone Group Inc. R2K | 49.31 | - | $6.17B | 3.39% | -19.49% | -55.88% | 1,016.75% | -937.44% |
| 2 | JPM JPMorgan Chase & Co. SPX | 299.31 | 14.33 | $802.00B | 2.00% | - | 16.47% | 12.50% | 14.83% |
| 3 | V Visa Inc. SPX | 326.36 | 28.48 | $620.65B | 0.82% | 38.38% | 60.35% | 10.92% | 10.28% |
| 4 | MA Mastercard Incorporated SPX | 493.98 | 28.57 | $436.47B | 0.70% | 61.47% | - | 13.82% | 14.66% |
| 5 | MS Morgan Stanley SPX | 208.00 | 18.84 | $328.08B | 1.92% | - | 16.39% | 9.52% | 15.20% |
| 6 | GS The Goldman Sachs Group, Inc. SPX | 1,025.56 | 18.73 | $302.55B | 1.76% | - | 14.55% | 7.16% | 15.11% |
| 7 | WFC Wells Fargo & Company SPX | 77.54 | 11.98 | $237.29B | 2.32% | - | 12.03% | 4.02% | 15.98% |
| 8 | BLK BlackRock, Inc. SPX | 1,046.88 | 26.32 | $162.51B | 2.19% | 4.89% | 11.90% | 10.65% | 2.36% |
| 9 | SCHW The Charles Schwab Corporation SPX | 87.35 | 17.37 | $151.91B | 1.47% | - | 19.08% | 4.83% | 7.21% |
Quarterly Results
Figures in USD.
| Metric | Sep 2019 | Dec 2019 | Jun 2020 | Sep 2020 | Dec 2020 | Jun 2021 | Sep 2021 | Dec 2021 | Jun 2022 | Sep 2022 | Dec 2022 | Jun 2023 | Sep 2023 | Dec 2023 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 131.87M | 71.22M | -61.41M | 242.91M | 247.15M | 308.61M | 281.76M | 410.46M | -77.22M | -158.50M | -4.24M | 178.01M | 191.42M | -14.61M | 186.40M | 271.68M | 339.02M | 377.73M | 364.29M | 454.23M | 586.51M | 588.58M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 168.56M | 214.25M | 191.68M | 247.21M | 288.32M | 360.45M |
| Gross Profit | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 170.47M | 163.48M | 172.60M | 207.01M | 298.19M | 228.13M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 529.55M | 169.35M | 231.63M | 929.76M | 519.45M | 248.47M |
| Operating Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -359.08M | -5.87M | -59.03M | -722.75M | -221.25M | -20.34M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -330.32M | 24.54M | -4.39M | -659.94M | -178.12M | 15.52M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 3.01M | 3.19M | 4.53M | 4.42M | 5.12M | 4.42M |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -344.71M | 9.95M | -20.35M | -675.83M | -194.65M | -344.00K |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -57.55M | -3.20M | -8.34M | -100.34M | -32.21M | -7.00M |
| Net Income | 0 | 0 | 0 | -790.00K | 25.58M | 41.65M | 62.07M | 48.35M | -11.04M | -29.22M | -6.94M | 21.27M | 26.23M | -20.23M | 13.33M | 17.63M | -192.01M | -18.51M | -38.42M | -366.14M | -123.45M | -7.79M |
| Diluted EPS | - | - | - | -0.03 | 0.87 | 1.06 | 1.45 | 0.83 | -0.18 | -0.48 | -0.11 | 0.34 | 0.42 | -0.32 | 0.20 | 0.26 | - | -0.24 | -0.49 | -4.66 | -1.55 | -0.10 |
Profit & Loss (Annual)
Figures in USD.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 256.27M | 446.61M | 787.72M | 1.37B | -67.57M | 711.63M | 1.17B | 1.99B |
| Cost of Revenue | - | - | - | 788.70M | -239.18M | 330.19M | 595.17M | 1.09B |
| Gross Profit | - | - | - | 576.83M | 171.60M | 381.44M | 579.66M | 905.94M |
| Operating Expenses | - | - | - | 124.46M | 172.10M | 209.67M | 846.48M | 1.93B |
| Operating Income | - | - | - | 452.36M | -497.00K | 171.77M | -266.82M | -1.02B |
| EBITDA | - | - | - | 540.67M | 10.18M | 252.31M | -163.84M | -826.94M |
| Interest Expense | - | - | - | 1.11M | 4.19M | 9.33M | 12.70M | 18.50M |
| Pretax Income | - | - | - | 512.58M | -41.45M | 195.40M | -222.03M | -891.17M |
| Tax Provision | - | - | - | 28.30M | 3.82M | 27.58M | -49.21M | -147.89M |
| Net Income | 0 | 0 | 62.63M | 193.88M | -18.40M | 58.09M | -179.56M | -535.81M |
| Diluted EPS | - | - | 2.06 | 3.84 | -0.30 | 0.91 | -2.52 | -6.78 |
Compounded Sales Growth
| 5 Years: | 1,016.75% |
| 1 Year: | 55.80% |
Compounded Profit Growth
| 5 Years: | -937.44% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -12.49% |
| 6 Months: | -20.38% |
| 3 Months: | +14.30% |
| 1 Month: | -3.48% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | - | 680.83M | 1.32B | - | 3.50B | 3.79B | 4.59B | 6.76B |
| Current Assets | - | - | - | - | 1.46B | 1.66B | 1.96B | 3.40B |
| Cash & Equivalents | 40.62M | 89.94M | 179.89M | - | 128.56M | 181.59M | 289.30M | 1.12B |
| Inventory | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | 44.45M | 56.77M | 80.87M | 133.29M |
| Total Liabilities | - | 443.86M | 661.08M | - | 1.84B | 1.92B | 2.81B | 5.88B |
| Current Liabilities | - | - | - | - | 1.66B | 1.69B | 1.78B | 2.29B |
| Long Term Debt | - | 143.14M | 0 | - | - | - | 169.27M | 1.10B |
| Total Debt | - | - | - | - | 219.57M | 268.56M | 382.79M | 1.31B |
| Total Equity | - | - | 249.41M | - | 771.57M | 324.48M | 179.36M | -413.56M |
| Shares Outstanding | - | - | - | - | 62.83M | 65.61M | 76.76M | 80.70M |
Cash Flows (Annual)
Figures in USD.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 51.45M | 65.93M | 149.30M | - | 151.18M | 161.52M | 64.93M | 66.48M |
| Investing Cash Flow | -61.89M | 35.81M | -11.17M | - | -30.81M | -47.35M | -43.48M | 732.88M |
| Financing Cash Flow | -55.52M | -52.17M | -45.31M | - | -108.02M | -57.98M | 87.48M | 37.44M |
| Capital Expenditure | -3.04M | -837.00K | -1.26M | - | -5.63M | -19.61M | -5.10M | -2.62M |
| Free Cash Flow | 48.41M | 65.09M | 148.04M | - | 145.56M | 141.91M | 59.83M | 63.86M |
| Net Change in Cash | - | - | - | - | 12.36M | 56.20M | 108.93M | 836.80M |
Ratios (Annual)
Figures in %.
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin % | - | - | - | 42.2% | -253.9% | 53.6% | 49.3% | 45.4% |
| Operating Margin % | - | - | - | 33.1% | 0.7% | 24.1% | -22.7% | -51.3% |
| Net Margin % | 0.0% | 0.0% | 8.0% | 14.2% | 27.2% | 8.2% | -15.3% | -26.9% |
| ROE % | - | - | 25.1% | - | -2.4% | 17.9% | -100.1% | 129.6% |
| ROCE % | - | - | - | - | -0.0% | 8.2% | -9.5% | -22.9% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Blackrock Inc. | 14.65% | 11.83M | $583.20M |
| 2 | Millennium Management Llc | 8.89% | 7.17M | $353.72M |
| 3 | Wellington Management Group, LLP | 6.49% | 5.24M | $258.39M |
| 4 | Price (T.Rowe) Associates Inc | 6.04% | 4.87M | $240.33M |
| 5 | Vanguard Portfolio Management LLC | 5.56% | 4.48M | $221.15M |
| 6 | Pitcairn Wealth Advisors LLC | 5.01% | 4.04M | $199.25M |
| 7 | Vanguard Capital Management LLC | 4.37% | 3.53M | $173.86M |
| 8 | Capital World Investors | 4.05% | 3.27M | $161.32M |
| 9 | State Street Corporation | 3.56% | 2.87M | $141.51M |
| 10 | Citadel Advisors Llc | 2.43% | 1.96M | $96.89M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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