StepStone STEP
- 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 | Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 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.
| Company | Market cap | PE | Its 10y median PE | Fwd PE | P/S | Revenue growth | Net margin |
|---|---|---|---|---|---|---|---|
| STEPStepStone | $5.1B | n/m | 28.9× | 2.5× | +48% | −30.5% | |
| HASIHA Sustainable Infrastructure Capital | $4.7B | 67.3× | 35.3× | 13.1× | +27% | 24.1% | |
| HLNEHamilton Lane INC | $4.5B | 12.5× | 30.0× | 5.3× | +24% | 32.1% | |
| DLBDolby Laboratories | $5.9B | 26.7× | 31.2× | 4.3× | +1% | 16.7% | |
| MCMoelis | $4.3B | 19.0× | 22.1× | n/m | n/m | n/m | |
| FHIFederated Hermes | $4.2B | 10.6× | 11.7× | 2.2× | +15% | 21.3% | |
| LAZLazard | $4.1B | 18.2× | 14.3× | 1.2× | +6% | 6.9% | |
| VCTRVictory Capital | $6.6B | 19.7× | 12.0× | 4.2× | +52% | 29.6% | |
| CNSCohen & Steers | $3.7B | 21.8× | 21.9× | 6.3× | +7% | 28.8% | |
| AAMIAcadian Asset Management | $3.3B | 32.6× | 11.8× | 4.9× | +24% | 15.2% | |
| ABAlliancebernstein | $3.3B | 10.3× | 12.0× | n/m | n/m | n/m | |
| Peer median | $4.3B | 19.4× | 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.
- Ron BaronBaron Capital0.1% of portfoliotrimmed
More on StepStone
Each number over time
- PE ratio
- Price to sales ratio
- EV/EBIT
- Price to free cash flow
- Price to book ratio
- Market cap
- Revenue
- EPS
- Free cash flow
- Profit margin
- Shares outstanding
Where it ranks
Its groups
About
- Industry
- Asset Management
- Sector
- Financial Services
Valuation data, not investment advice. Prices as of .