Blackstone Secured Lending Fund (BXSL) vs StepStone Group Inc. (STEP)
- Blackstone Secured Lending Fund BXSL 23.87 −1.24%
- StepStone Group Inc. STEP 46.55 +8.74%
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 20.1×. StepStone Group Inc. grew revenue faster over the last twelve months: 48.5% against −6.71%. Blackstone Secured Lending Fund has the higher net margin (21.1% 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 (12.8% vs 4.03%). Across the 18 metrics below, Blackstone Secured Lending Fund leads on 15 and StepStone Group Inc. on 3.
Valuation
Profitability
| Metric | BXSL | STEP | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 83.28% | (58.22%) | 27.27% |
| Net margin | 21.06% | (30.53%) | 11.89% |
| Free cash flow margin | 80.36% | (21.88%) | 5.96% |
| Return on equity | 4.57% | (55.72%) | 4.57% |
| Return on assets | 2.02% | (9.77%) | 1.40% |
| Return on invested capital | 0.00% | (42.51%) | 2.12% |
Growth
Health
Dividend
Size
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