Superworth

StepStone STEP

Asset Management, Financial Services
$42.04
−3.29%
Market cap
$5.1B
PE
n/m
a loss over the last year
Forward PE
n/m
not a meaningful number
Price to sales
2.5×
EV/EBIT
n/m
a loss over the last year
Revenue, 12 months
$2B
+48% on a year ago
Net margin
−30.5%
Free cash flow yield
−8.7%

StepStone trades at 2.5× sales. Its trailing earnings are negative, so it has no PE. Revenue was $2B over the last twelve months, up 48% on a year earlier with a −31% net margin.

Charts

Financials

Income statement for STEP, by quarter
Income statementQ2 FY24Q3 FY24Q4 FY24Q1 FY25Q2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
$191.4M−$14.6M+245%$356.8M+107%$186.4M+5%$271.7M+42%$339M$377.7M+6%$364.3M+95%$454.2M+67%$586.5M+73%$588.6M+56%$378.9M+4%
SG&A$31.7M−6%$48M+10%$54.3M+53%$41M+23%$50.1M+58%$43.1M−10%$43.2M−21%$42.9M+5%$45.3M−10%$50.6M+17%$48.4M+12%$53.5M+25%
$78.9M−$150.3M+27%$242.6M+264%$48M−28%$101.4M+29%−$275.7M+84%$122.9M−49%$36.7M−24%−$575.9M−$40.1M−86%$229.4M+87%−$109.1M
Interest expense$2.1M+158%$2.6M+131%$2.6M+58%$3M+49%$3.5M+67%$3M+17%$3.2M+21%$4.5M+52%$4.4M+26%$5.1M+70%$4.4M+39%$4.3M−4%
Pre-tax income$67M−$24.1M+69%$94.5M+40%$54.8M−6%$57.9M−14%−$344.7M+1328%$9.9M−90%−$20.4M−$675.8M−$194.6M−44%−$344K−$200.3M+884%
$7.7M−$723K−1%$12M+12%$6.8M−21%$4.8M−39%−$57.6M+7860%−$3.2M−$8.3M−$100.3M−$32.2M−44%−$7M+119%−$29.9M+258%
Net income$26.2M−$20.2M+192%$30.8M+7%$13.3M−37%$17.6M−33%−$192M+849%−$18.5M−$38.4M−$366.1M−$123.5M−36%−$7.8M−58%−$115.8M+201%
$0.42−$0.32+191%$0.46+0%$0.20−41%$0.26−38%−$2.61+716%−$0.24−$0.49−$4.66−$1.55−41%−$0.10−58%−$1.41+188%
66.2M+8%64.1M+3%67.3M+7%68.6M+4%69.7M+5%73.7M+15%76M+13%77.8M+14%78.6M+13%79.5M+8%80.3M+6%82M+5%

Revenue: Q1 FY20: 6 months less the 3 months printed beside them.

SG&A: Q1 FY20: 6 months less the 3 months printed beside them.

Operating income: Q1 FY20: 6 months less the 3 months printed beside them. 28 periods, Q2 FY20 to Q1 FY27: not printed by the filing, worked out from its own lines.

Interest expense: Q1 FY20: 6 months less the 3 months printed beside them.

Pre-tax income: Q1 FY20: 6 months less the 3 months printed beside them.

Income tax: Q1 FY20: 6 months less the 3 months printed beside them.

Net income: Q1 FY20 and Q1 FY21: 6 months less the 3 months printed beside them.

EPS, diluted: 7 periods, Q1 FY21 to Q4 FY26: quarter's net income to common over its shares, to the cent.

Diluted shares: Q1 FY21: share-days: the 6-month average less the second quarter's. 4 periods, Q4 FY21 to Q4 FY24: share-days: the 12-month average less the 9-month, weighted by days. Q4 FY25 and Q4 FY26: a loss quarter: its basic count, share-days: the 12-month average less the 9-month, weighted by days.

From each company's 10-Q and 10-K filings, the newest version of each figure. Quarters are as filed (a fourth quarter is the year less its first nine months), fiscal years as the 10-K prints them, restated where a later 10-K restated them, and balance sheet lines as of the period's end. A quarter whose 10-Q isn't filed yet is from the company's results release. Growth is on the same period a year earlier. A dash is a period with no figure for the line: the filing doesn't print it, or it hasn't been read yet.

Peers

Companies in Asset Management nearest StepStone's size, closest first.

CompanyMarket capPEIts 10y median PEFwd PEP/SRevenue growthNet margin
STEPStepStone$5.1Bn/m28.9×2.5×+48%−30.5%
HASIHA Sustainable Infrastructure Capital$4.7B67.3×35.3×13.1×+27%24.1%
HLNEHamilton Lane INC$4.5B12.5×30.0×5.3×+24%32.1%
DLBDolby Laboratories$5.9B26.7×31.2×4.3×+1%16.7%
MCMoelis$4.3B19.0×22.1×n/mn/mn/m
FHIFederated Hermes$4.2B10.6×11.7×2.2×+15%21.3%
LAZLazard$4.1B18.2×14.3×1.2×+6%6.9%
VCTRVictory Capital$6.6B19.7×12.0×4.2×+52%29.6%
CNSCohen & Steers$3.7B21.8×21.9×6.3×+7%28.8%
AAMIAcadian Asset Management$3.3B32.6×11.8×4.9×+24%15.2%
ABAlliancebernstein$3.3B10.3×12.0×n/mn/mn/m
Peer median$4.3B19.4×18.1×4.6×+20%22.7%

Investors who own it

Investors we follow who held StepStone at the end of Jun 30, 2026, from their 13F filings.

More on StepStone

Each number over time

Where it ranks

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About

Industry
Asset Management
Sector
Financial Services

Valuation data, not investment advice. Prices as of .