Hamilton Lane Inc. (HLNE) vs StepStone Group Inc. (STEP)
Hamilton Lane 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; Hamilton Lane Inc. trades at 13.0×. StepStone Group Inc. grew revenue faster over the last twelve months: 48.5% against 24.0%. Hamilton Lane Inc. has the higher net margin (32.1% vs −30.5%) and the higher return on invested capital (14.5% vs −42.5%). Both pay a dividend; StepStone Group Inc. yields more (2.50% vs 1.55%). Across the 19 metrics below, Hamilton Lane Inc. leads on 14 and StepStone Group Inc. on 5.
Valuation
Profitability
| Metric | HLNE | STEP | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 43.62% | (58.22%) | 33.03% |
| Net margin | 32.14% | (30.53%) | 13.53% |
| Free cash flow margin | 42.74% | (21.88%) | 12.44% |
| Return on equity | 20.53% | (55.72%) | 4.83% |
| Return on assets | 12.71% | (9.77%) | 1.57% |
| Return on invested capital | 14.48% | (42.51%) | 3.04% |
Growth
Health
Dividend
Size
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