Blue Owl Technology Finance Corp. (OTF) vs StepStone Group Inc. (STEP)
Blue Owl Technology Finance Corp. 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; Blue Owl Technology Finance Corp. trades at 12.9×. Blue Owl Technology Finance Corp. grew revenue faster over the last twelve months: 55.6% against 48.5%. Blue Owl Technology Finance Corp. has the higher net margin (28.7% vs −30.5%) and the higher return on invested capital (2.94% vs −42.5%). Across the 18 metrics below, Blue Owl Technology Finance Corp. leads on 12 and StepStone Group Inc. on 6.
Valuation
Profitability
| Metric | OTF | STEP | Asset Management median |
|---|---|---|---|
| Gross margin | 100.00% | 100.00% | 100.00% |
| Operating margin | 82.41% | (58.22%) | 33.03% |
| Net margin | 28.70% | (30.53%) | 13.53% |
| Free cash flow margin | (119.50%) | (21.88%) | 12.44% |
| Return on equity | 4.83% | (55.72%) | 4.83% |
| Return on assets | 2.67% | (9.77%) | 1.57% |
| Return on invested capital | 2.94% | (42.51%) | 3.04% |
Growth
Health
Dividend
Size
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