Saturday 17 October 2026 Export STEP’s income statement to Excel — free account

StepStone Group Inc.

In the quarter to June 2026, revenue grew 4.01%, EPS fell 187.8%, free cash flow fell 1,113.7% and total debt rose 438.4%, each against the same quarter a year earlier. Revenue growth for three consecutive years; insiders bought in the last twelve months.

41.64 1.07 −2.51%

Follow STEP

Alert me

Market cap: $5.2B
P/E: 0.0×
Fwd P/E: 3.9×
Dividend yield: 4.13%
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 5.59

Total sells 37.45

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	1	—	—	—	1	—	—	—	—
Sell	2	2	1	—	—	—	—	1	—	—	—	—

Insider Ownership 6.36%

Capital & Financial Ratios $m

Market Cap 5,150.00

Revenue 2,008.21

Net Income (901.63)

Free Cash Flow (439.39)

Net Debt 748.44

Current Ratio 0.19

Debt/Equity 1.50

P/E ratio 0.00

Fwd P/E 3.87

P/S ratio 1.70

P/B ratio 3.52

Past 5Y EPS Growth —

This Y EPS Growth 13.02%

Next Y EPS Growth 37.74%

Next Y revenue growth (43.35%)

Next 5Y EPS Growth 19.90%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/S against its own 10 years 24.74%

10-year low 10-year high

P/B against its own 10 years 78.48%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate 1.72

Annual Dividend Yield 4.13%

	total	individual payouts
2029	Powerpack
2028	Powerpack
2027	Powerpack
2026	1.09	0.28 0.83 0.33
2025	0.88	0.24 0.64 0.28 0.28
2024	0.69	0.21 0.15 0.24 0.24
2023	0.62	0.20 0.25 0.21 0.21
2022	0.75	0.15 0.20 0.20 0.20
2021	0.43	0.07 0.07 0.07 0.07 0.15
2020	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2024	2025	2026	Q'26
Cash	182	290	1,119	703
Receivables	57	81	133	110
Inventory	—	—	—	—
Other	68	93	113	153
	307	463	1,365	966

	2024	2025	2026	Q'26
Payables	127	90	103	85
ST’ Debt	149	269	1,202	271
Other	213	332	363	367
	1,794	2,681	5,748	5,205

Compound Annual Growth %

	10y	5y	3y
Sales	—	20.41%	0.00%
Cash Flow	—	(14.94%)	(23.96%)
Earnings	—	0.00%	0.00%
Book Value	—	0.93%	(24.86%)

Revenue $m

	Jun	Sep	Dec	Mar	Year
’26	379	—	—	—	—
’26	364	454	587	589	1,994
’25	186	272	339	378	1,175
’24	178	191	—	357	712
’23	(77)	(158)	(4)	172	—
’22	309	282	410	365	1,366
’21	(61)	243	247	359	788

Fiscal quarters ending in the months shown.

value withheld pending a data check

Operating Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	(458)	—	—	—	—
’26	46	16	27	(23)	66
’25	50	54	28	(67)	65
’24	58	71	25	8	162
’23	57	88	6	(1)	151
’22	76	60	46	32	214
’21	29	54	37	29	149

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Jun	Sep	Dec	Mar	Year
’26	(458)	—	—	—	—
’26	45	16	27	(24)	64
’25	50	52	27	(69)	60
’24	50	64	21	7	142
’23	57	86	5	(3)	146
’22	75	60	46	32	212
’21	29	54	37	29	148

Fiscal quarters ending in the months shown.

EPS $

	Jun	Sep	Dec	Mar	Year
’26	(1.41)	—	—	—	—
’26	(0.49)	(4.66)	(1.55)	(0.10)	(6.78)
’25	0.20	0.26	(2.61)	(0.24)	(2.52)
’24	0.34	0.42	(0.32)	0.46	0.91
’23	(0.18)	(0.48)	(0.11)	0.46	(0.30)
’22	1.06	1.45	0.83	0.69	3.84
’21	(0.60)	(0.03)	0.87	1.22	2.06

Fiscal quarters ending in the months shown.

Group	Line	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026	2027e
Price, $
Price, $	Low	—	—	—	22.72	28.52	22.39	19.83	30.46	40.07	38.85	Analyst estimates 2027–2029 Powerpack
	High	—	—	—	40.98	55.19	42.33	32.39	70.38	68.41	77.80
People
People	Employees	—	—	—	526	570	790	956	990	1,130	1,310
	Revenue/emp, $m	0.00	0.00	0.00	0.85	1.38	1.73	(0.07)	0.72	1.04	1.52
Income, $m
Income, $m	Revenue	167	269	256	447	788	1,366	—	712	1,175	1,994
	Gross margin, %	0.00	0.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00	100.00
	EBT	43	86	62	149	338	513	(41)	195	(222)	(891)
	EBT margin, %	26.00	31.97	24.04	33.30	42.89	37.54	61.35	27.46	(18.90)	(44.70)
	Net income	40	0	60	145	315	484	(45)	168	(173)	(743)
	Depreciation	—	—	8	7	9	27	48	48	46	47
Per share, $
Per share, $	Revenue	5.70	9.28	8.84	15.40	26.56	27.40	(1.09)	11.21	16.51	25.22
	Earnings	1.38	2.79	1.85	4.51	2.11	3.89	(0.30)	0.91	(2.52)	(6.78)
	Cash flow	1.63	1.94	1.77	2.27	5.03	4.30	2.44	2.54	0.91	0.84
	Capex	0.00	0.00	(0.10)	(0.03)	(0.04)	(0.04)	(0.09)	(0.31)	(0.07)	(0.03)
	Free cash flow	1.63	1.94	1.67	2.24	4.99	4.26	2.35	2.24	0.84	0.81
	Book value	0.00	4.21	0.00	8.17	22.24	36.61	26.32	26.06	19.54	8.74
	Shares, m	29	29	29	29	30	50	62	63	71	79
Valuation, ×
Valuation, ×	P/E	833.33	833.33	833.33	833.33	23.67	8.08	0.00	37.86	0.00	0.00
	P/S	8.22	8.22	8.22	8.22	1.33	1.47	0.00	3.11	3.16	1.89
	P/B	17.56	17.56	17.56	17.56	1.59	1.10	0.94	1.34	2.67	5.46
	EV/Sales	8.40	8.40	8.40	8.40	1.28	1.52	(25.16)	3.39	3.35	1.93
	EV/FCF	25.86	25.86	25.86	25.86	6.79	9.79	11.68	17.02	65.73	60.36
Cash, $m
Cash, $m	Operating cash flow	48	56	51	66	149	214	151	162	65	66
	Capex	0	(3)	(3)	(1)	(1)	(2)	(6)	(20)	(5)	(3)
	Free cash flow	48	56	48	65	148	212	146	142	60	64
Balance, $m
Balance, $m	Working capital	—	—	—	(319)	(438)	(2,122)	(1,494)	(1,488)	(2,218)	(4,382)
	Total debt	—	144	2	143	—	63	98	149	269	1,202
	Net debt	—	38	(82)	53	(184)	(55)	(31)	(33)	(21)	83
	Shareholders’ equity	—	122	—	237	660	1,824	1,629	1,655	1,390	691
Returns, %
Returns, %	ROA	0.00	16.93	0.00	38.78	6.26	7.04	(0.48)	1.59	(4.29)	(9.44)
	ROIC	—	0.00	0.00	32.73	43.10	15.98	(0.02)	6.62	(12.18)	(82.66)
	ROE	0.00	64.54	43.03	72.14	13.97	15.61	(1.07)	3.54	(11.79)	(51.49)

Negative figures in brackets.

value withheld pending a data check

All 10 years →

Fiscal years to Mar 2026 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
BXSL Blackstone Secured Lending Fund	$5.6B	18.8×	11.4×	−7.06% (below 0%: shrinking)	−94.12% (below 0%: shrinking)	+353.76% (above 0%: growing)	100.00%	85.77%	Compare
MAAS Maase Inc. - Sponsored ADR	$5.5B	— (loss-making)	— (loss-making)	−60.12% (below 0%: shrinking)	+62.50% (above 0%: growing)	+82.86% (above 0%: growing)	0.00%	0.00%	Compare
STEP StepStone Group Inc.	$5.2B	— (loss-making)	3.9×	+4.01% (above 0%: growing)	n/m	−1,113.70% (below 0%: shrinking)	100.00%	(54.06%)
OBDC Blue Owl Capital Corporation	$5.1B	18.1×	12.1×	−17.39% (below 0%: shrinking)	−51.85% (below 0%: shrinking)	−45.84% (below 0%: shrinking)	100.00%	74.72%	Compare
MAIN Main Street Capital Corporation	$5.1B	10.8×	15.2×	+3.89% (above 0%: growing)	+15.33% (above 0%: growing)	+13.70% (above 0%: growing)	100.00%	87.20%	Compare
HASI HA Sustainable Infrastructure Capital, Inc.	$4.7B	55.2×	29.3×	+40.97% (above 0%: growing)	+25.00% (above 0%: growing)	−14.48% (below 0%: shrinking)	100.00%	80.56%	Compare
HLNE Hamilton Lane Inc.	$4.6B	12.3×	12.3×	+56.48% (above 0%: growing)	+49.23% (above 0%: growing)	−40.94% (below 0%: shrinking)	100.00%	45.93%	Compare
OTF Blue Owl Technology Finance Corp.	$4.3B	11.4×	26.7×	+5.81% (above 0%: growing)	−23.26% (below 0%: shrinking)	+22.79% (above 0%: growing)	100.00%	82.00%	Compare
FHI Federated Hermes, Inc.	$4.2B	10.4×	11.3×	+18.34% (above 0%: growing)	+18.97% (above 0%: growing)	+342.66% (above 0%: growing)	100.00%	26.43%	Compare
Median of peers	$4.9B	12.3×	12.3×	+4.85%	+17.15%	+18.25%	100.00%	77.64%

All 120 Asset Management stocks →

StepStone Group Inc. (STEP) key facts

StepStone Group Inc. (STEP) is an Asset Management company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, STEP traded at $41.64, a market capitalization of $5.2 billion.
StepStone Group Inc. pays an annual dividend of $1.72 per share, a yield of 4.13%.
Return on equity was −51.5% and debt-to-equity 1.50.
Its Piotroski F-score is 5 out of 9 for fiscal 2026.

Source: company filings (standardised) and stockrow calculations.