Blue Owl Capital Corporation (OBDC) vs StepStone Group Inc. (STEP)
Blue Owl Capital Corporation and StepStone Group Inc. are both Asset Management companies. Blue Owl Capital Corporation and StepStone Group Inc. are of similar size ($5.4B and $5.3B). StepStone Group Inc. has negative trailing earnings, so its P/E is not meaningful; Blue Owl Capital Corporation trades at 19.3×. StepStone Group Inc. grew revenue faster over the last twelve months: 48.5% against −2.97%. Blue Owl Capital Corporation has the higher net margin (17.0% vs −30.5%) and the higher return on invested capital (3.09% vs −42.5%). Both pay a dividend; Blue Owl Capital Corporation yields more (10.9% vs 2.50%). Across the 19 metrics below, Blue Owl Capital Corporation leads on 14 and StepStone Group Inc. on 5.
Valuation
Profitability
| Metric | OBDC | STEP | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 75.33% | (58.22%) | 33.03% |
| Net margin | 16.99% | (30.53%) | 13.53% |
| Free cash flow margin | 129.88% | (21.88%) | 12.44% |
| Return on equity | 3.92% | (55.72%) | 4.83% |
| Return on assets | 1.76% | (9.77%) | 1.57% |
| Return on invested capital | 3.09% | (42.51%) | 3.04% |
Growth
Health
Dividend
Size
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