StepStone Group Inc.
STEP
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Bull / bear case
Site-generated summary from fundamentals, news, and score — not investment advice. As of 2026-10-08.
- StepStone Group Inc. operates in the asset management industry, which is poised for growth as institutional investors increasingly seek alternative investments to enhance portfolio diversification.
- The company has a market capitalization of approximately $5.83 billion, indicating a strong presence in the financial services sector.
- StepStone's target mean price is $67.6, suggesting significant upside potential from its current trading levels.
- The company has a negative profit margin of -30.54%, reflecting ongoing challenges in profitability.
- In the most recent quarter, StepStone reported a revenue decline of 36% compared to the prior quarter, dropping from $589 million to $379 million.
- The operating margin for the latest quarter was -54%, indicating severe operational inefficiencies.
Fundamentals
| Market cap | $5.67B | Enterprise value | $6.26B | Trailing P/E | — | Forward P/E | 12.88 |
| PEG | — | Price / book | -6.71 | Beta | 1.28 | Dividend yield | 3.92% |
| Revenue growth | 4.0% | Earnings growth | — | Gross margin | -48.4% | Operating margin | -54.1% |
| Profit margin | -30.5% | ROE | -61.4% | ROA | -11.6% | Debt / equity | 1.26 |
| Current ratio | 0.64 | Free cash flow | $2.82B | Analyst recommendation | strong_buy | Mean target | $67.60 |
| 52w high | $77.80 | 52w low | $38.85 |
Quarterly
| 2026-Q2 | 2026-Q1 | 2025-Q4 | 2025-Q3 | 2025-Q2 | |
|---|---|---|---|---|---|
| Revenue | $379M | $589M | $587M | $454M | $364M |
| Op margin | -54.1% | -3.5% | -37.7% | -159.1% | -16.2% |
| Net income | -$116M | -$7.8M | -$123M | -$366M | -$38.4M |
| Gross margin | 43.8% | 38.8% | 50.8% | 45.6% | 47.4% |
| Gross profit | $166M | $228M | $298M | $207M | $173M |
| Operating income | -$205M | -$20.3M | -$221M | -$723M | -$59.0M |
- Revenue -36% vs prior quarter ($379M vs $589M).
- Gross margin 43.8% (was 38.8% prior quarter).
- Operating margin compressed to -54%.
Yearly (6y)
| 2026 | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Revenue | $2.0B | $1.2B | $712M | -$67.6M |
| Op margin | -51.3% | -22.7% | 24.1% | 0.7% |
| Net income | -$536M | -$180M | $58.1M | -$18.4M |
| Gross margin | 45.4% | 49.3% | 53.6% | -253.9% |
| Gross profit | $906M | $580M | $381M | $172M |
| Operating income | -$1.0B | -$267M | $172M | -$0.5M |
No flags
• No distress or material-risk keywords in recent headlines (keyword scan only — not a guarantee).
News
2026-10-09 · 1 Unprofitable Stock with Impressive Fundamentals and 2 We Find Risky
2026-10-05 · StepStone, ASB Capital to Launch Sharia-Compliant Private Financing Fund
2026-10-05 · ASB Capital Partners with StepStone in Launching a Private Markets Offering: ASB StepStone Private Financing Fund
2026-10-02 · Wells Fargo Initiates StepStone Group at Overweight With $55 Price Target
2026-10-01 · StepStone Group Appoints Yoshitaka Todoroki as Vice Chairman, Japan
2026-09-30 · Is StepStone Group’s (STEP) Real Estate Secondaries Push Quietly Redefining Its Core Investment Identity?
2026-09-30 · StepStone Group (STEP) Just Gave Investors Something To Think About
2026-09-29 · StepStone Group (STEP) Eyes $20 Billion Real Estate Secondaries Market
2026-09-28 · Real Estate Secondaries Become a $20B Liquidity Market
2026-09-28 · Physical AI chip developer SiMa AI hits $1.45B valuation
2026-09-24 · TPG, StepStone Group, Ridgepost Capital, Perella Weinberg, and Lazard Shares Are Falling, What You Need To Know
Price (daily)
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