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STEP
StepStone Group Inc.
$41.33
-0.91
(-2.15%)
| Exchange: | NASDAQ |
| Market Cap: | 5.335B |
| Shares Outstanding: | 26.613M |
Delayed data
About The Company
| Sector: | Financial ServicesView sector performance | |||||
| Industry: | Asset ManagementView industry performance | |||||
| CEO: | Scott Hart | |||||
| Full Time Employees: | 1355 | |||||
| Address: |
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| Website: | https://www.stepstonegroup.com |
StepStone Group Inc. is a private equity and venture capital firm specializing in primary, direct, fund of funds, secondary direct, and secondary indirect investments. For direct investment, it seeks to invest in private debt, venture debt, incubation, mezzanine, distressed/vulture, seed/startup, early venture, mid venture, late venture, emerging growth, later stage, turnaround, growth capital, industry consolidation, recapitalization, buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. The firm seeks to make minority and majority investments. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, South Korea, Europe, Australia and Asia.
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Revenue Segmentation
Industry Peers
| TICKER | COMPANY | MKT CAP | P/E | FWD P/E | ROIC |
|---|---|---|---|---|---|
| STEP | StepStone Group Inc. | 5.3B | — | 19.8 | -17.4% |
 MGR | Affiliated Managers Group, Inc. | 5.5B | 12.4 | 0.6 | 6.1% |
 BXSL | Blackstone Secured Lending Fund | 5.5B | 18.8 | 8.4 | 4.4% |
 OBDC | Blue Owl Capital Corporation | 5.0B | 18.1 | 7.8 | 3.7% |
 MAIN | Main Street Capital Corporation | 5.0B | 10.8 | 14.1 | 7.3% |
 CGABL | The Carlyle Group Inc. 4.625% Subordin… | 5.7B | 37.9 | — | 2.8% |
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Revenue | 711,631 | 1,174,830 | 1,993,603 |
| Gross Profit | 381,445 | -89,465 | 1,016,643 |
| EBITDA | 252,315 | -205,230 | -872,102 |
| Operating Income | 171,771 | -250,719 | -1,023,368 |
| Net Income | 58,091 | -179,563 | -521,357 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Total Assets | 3,788,807 | 4,586,693 | 6,762,702 |
| Total Liabilities | 1,915,673 | 2,812,321 | 5,876,676 |
| Total Stockholders Equity | 324,476 | 179,356 | -413,559 |
| Total Debt | 268,561 | 382,787 | 0 |
| Cash and Cash Equivalents | 181,594 | 289,302 | 213,065 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2024 | 2025 | 2026 |
|---|---|---|---|
| Operating Cash Flow | 161,522 | 64,928 | 66,481 |
| Capital Expenditure | -19,607 | -5,100 | -2,620 |
| Free Cash Flow | 141,915 | 59,828 | 63,861 |
| Net Income | 58,091 | -172,827 | -521,357 |
| Net Change in Cash | 52,795 | 107,492 | 0 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2029 | Research Access | Research Access | Research Access | Research Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,719,470.145 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (High) | 2,336,627.154 | Research Access | Research Access | Research Access | Research Access |
| Estimated Revenue (Avg) | 2,028,048.650 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Low) | 352,835.940 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (High) | 442,010.410 | Research Access | Research Access | Research Access | Research Access |
| Estimated Ebitda (Avg) | 397,423.175 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Low) | 255,355.622 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (High) | 325,803.453 | Research Access | Research Access | Research Access | Research Access |
| Estimated Net Income (Avg) | 290,579.538 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Low) | -467,559.544 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (High) | -344,066.308 | Research Access | Research Access | Research Access | Research Access |
| Estimated SGA Expense (Avg) | -405,812.926 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Avg) | 3.720 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (High) | 4.060 | Research Access | Research Access | Research Access | Research Access |
| Estimated EPS (Low) | 3.180 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated Revenue) | 2 | Research Access | Research Access | Research Access | Research Access |
| Number of Analysts (Estimated EPS) | 3 | Research Access | Research Access | Research Access | Research Access |
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Current Key Metrics
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Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MarketSnap estimates STEP intrinsic value between $51.58 – $51.58 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about STEP valuation
Is StepStone Group Inc. (STEP) overvalued or undervalued right now?
MarketSnap estimates intrinsic value for StepStone Group Inc. (STEP) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is STEP a buy, hold, or sell for long-term investors?
MarketSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether STEP trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is STEP’s P/E ratio?
You can see STEP’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for STEP?
MarketSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MarketSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is STEP a good long-term investment?
Whether STEP fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MarketSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
STEP
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Daily snapshot
-2.15
Trading Metrics:
| Open: | 41.64 | Previous Close: | 42.24 | |
| Day Low: | 40.05 | Day High: | 42.07 | |
| Year Low: | 38.85 | Year High: | 77.8 | |
| Price Avg 50: | 47.76 | Price Avg 200: | 51.16 | |
| Volume: | 1.324M | Average Volume: | 1.303M |
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