Blackstone Secured Lending Fund (BXSL) vs StepStone Group Inc. (STEP)
- Blackstone Secured Lending Fund BXSL 23.85 −1.41%
- StepStone Group Inc. STEP 41.64 −2.51%
Blackstone Secured Lending Fund and StepStone Group Inc. are both Asset Management companies. Blackstone Secured Lending Fund and StepStone Group Inc. are of similar size ($5.6B and $5.2B). StepStone Group Inc. has negative trailing earnings, so its P/E is not meaningful; Blackstone Secured Lending Fund trades at 18.8×. StepStone Group Inc. grew revenue faster over the last twelve months: 48.5% against −2.58%. Blackstone Secured Lending Fund has the higher net margin (21.5% vs −30.5%) and the higher return on invested capital (0.00% vs −42.5%). Both pay a dividend; Blackstone Secured Lending Fund yields more (12.9% vs 4.13%). Across the 18 metrics below, Blackstone Secured Lending Fund leads on 16 and StepStone Group Inc. on 2.
Valuation
Profitability
| Metric | BXSL | STEP | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 82.62% | (58.22%) | 33.42% |
| Net margin | 21.53% | (30.53%) | 13.37% |
| Free cash flow margin | 10.86% | (21.88%) | 12.36% |
| Return on equity | 4.80% | (55.72%) | 4.79% |
| Return on assets | 2.13% | (9.77%) | 1.55% |
| Return on invested capital | 0.00% | (42.51%) | 2.97% |
Growth
Health
Dividend
Size
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