HA Sustainable Infrastructure Capital, Inc. (HASI) vs StepStone Group Inc. (STEP)
HA Sustainable Infrastructure Capital, Inc. and StepStone Group Inc. are both Asset Management companies. StepStone Group Inc. is the larger, with a market value of $5.3B against $4.7B — 1.1× the size. StepStone Group Inc. has negative trailing earnings, so its P/E is not meaningful; HA Sustainable Infrastructure Capital, Inc. trades at 55.1×. StepStone Group Inc. grew revenue faster over the last twelve months: 48.5% against 26.5%. HA Sustainable Infrastructure Capital, Inc. has the higher net margin (18.6% vs −30.5%) and the higher return on invested capital (2.39% vs −42.5%). Both pay a dividend; HA Sustainable Infrastructure Capital, Inc. yields more (6.73% vs 2.50%). Across the 19 metrics below, HA Sustainable Infrastructure Capital, Inc. leads on 13 and StepStone Group Inc. on 6.
Valuation
Profitability
| Metric | HASI | STEP | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 68.65% | (58.22%) | 33.03% |
| Net margin | 18.61% | (30.53%) | 13.53% |
| Free cash flow margin | 45.05% | (21.88%) | 12.44% |
| Return on equity | 3.29% | (55.72%) | 4.83% |
| Return on assets | 1.04% | (9.77%) | 1.57% |
| Return on invested capital | 2.39% | (42.51%) | 3.04% |
Growth
Health
Dividend
Size
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