Stepstone Group Inc

Stepstone Group Inc

STEP · NASDAQ · Financial Services / Asset Management

47.91USD+0.43 (+0.91%)

Price History

Full chart

Market Stats

Previous Close47.48
Open47.88
Day Range46.29 – 48.48
52-Week Range38.60 – 75.39
Volume514.41K
Market Cap5.73B
P/E (TTM)0.00
Forward P/E18.52
EPS-7.70
Dividend Yield3.88%
Beta1.28
50-Day Avg47.54
200-Day Avg52.48

About

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.

Company Details

  • SectorFinancial Services
  • IndustryAsset Management
  • CEOMr. Scott Hart
  • Employees1.35K
  • Headquarters277 Park Avenue, New York, NY, United States, 10172, USA
  • Websitehttps://www.stepstonegroup.com

Leadership

  • Mr. Monte M. Brem J.D.Co-Founder & Executive Chairman · b. 1968
  • Mr. Scott HartCEO, Partner & Director · b. 1980
  • Mr. Thomas KeckPartner, Head of Research and Portfolio Management & Vice Chairman · b. 1966
  • Mr. Jason Paul Ment J.D.Partner, President & Co-COO · b. 1977
  • Mr. David Yongil ParkPartner & CFO · b. 1974
  • Mr. Jose A. Fernandez J.D.CO-COO, Director & Partner · b. 1971
  • Mr. Michael I. McCabePartner, Head of Strategy & Director · b. 1969
  • Mr. Mark T. Maruszewski CFAPartner & Vice Chairman · b. 1967
  • Mr. David T. JeffreyPartner & Vice Chairman · b. 1970
  • Ms. Rebecca AjavanandaPartner · b. 1968

Financials

Income Statement

Currency: USD2017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Revenue-264.27M256.27M446.61M787.72M1.37B-67.57M711.63M1.17B1.99B
Growth (%)---3.03%+74.27%+76.38%+73.35%-104.95%+1153.11%+65.09%+69.69%
Cost of Revenue-146.69M139.82M240.39M403.16M788.70M-239.18M330.19M1.26B976.96M
Gross Profit-117.59M116.45M206.22M384.55M576.83M171.60M381.44M-89.47M1.02B
Gross Margin-44.49%45.44%46.17%48.82%42.24%-253.95%53.60%-7.62%51.00%
Operating Expense-36.04M50.03M54.28M56.38M124.46M172.10M209.67M161.25M2.04B
Operating Income-81.55M66.42M151.94M328.17M452.36M-497.00K171.77M-250.72M-1.02B
Operating Margin-30.86%25.92%34.02%41.66%33.13%0.74%24.14%-21.34%-51.33%
EBITDA-91.04M79.75M166.03M350.70M540.67M10.18M252.31M-205.23M-883.54M
EBITDA Margin-34.45%31.12%37.18%44.52%39.59%-15.06%35.46%-17.47%-44.32%
Net Income-81.44M54.20M131.92M62.63M193.88M-18.40M58.09M-179.56M-521.36M
Net Income Margin-30.82%21.15%29.54%7.95%14.20%27.23%8.16%-15.28%-26.15%
R&D-0.320.230.330.420.370.80.27--
R&D as % of Total Revenue-0.00%0.00%0.00%0.00%0.00%-0.00%0.00%--
Interest Expense0913.00K10.26M10.21M7.36M1.11M4.19M9.33M12.70M18.50M
Interest Expense % of Total Revenue-0.35%4.00%2.29%0.93%0.08%-6.20%1.31%1.08%0.93%

Balance Sheet

Currency: USD2018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Total Assets465.31M491.72M680.83M1.32B4.19B3.50B3.79B4.59B6.76B
Total Liabilities327.67M346.06M443.86M661.08M2.36B1.84B1.92B2.81B5.88B
Total Equity465.31M128.71M216.23M249.41M817.63M771.57M324.48M179.36M-413.56M
Cash106.30M40.62M89.94M179.89M116.39M128.56M181.59M289.30M1.12B
Total Debt9.87M160.81M143.14M14.49M133.84M219.57M268.56M382.79M1.31B
Net Debt-96.43M120.18M53.20M-179.89M17.46M91.01M86.97M93.48M186.94M

Cash Flow

Currency: USD2017-03-312018-03-312019-03-312020-03-312021-03-312022-03-312023-03-312024-03-312025-03-312026-03-31
Operating Cash Flow47.53M53.61M51.45M65.93M149.30M214.28M151.18M161.52M64.93M66.48M
Investing Cash Flow-9.04M-6.60M-61.89M35.81M-11.17M-210.24M-30.81M-47.35M-43.48M732.88M
Financing Cash Flow-22.82M38.82M-55.52M-52.17M-45.31M-70.44M-108.02M-57.98M87.48M37.44M
Capital Expenditure413.00K3.43M3.04M837.00K1.26M2.10M5.63M19.61M5.10M2.62M
Free Cash Flow47.12M50.18M48.41M65.09M148.04M212.18M145.56M141.91M59.83M63.86M
Dividends Paid23.73M88.36M48.82M43.94M2.05M23.87M49.97M68.47M75.84M117.76M
FCF to OCF99.13%93.60%94.09%98.73%99.16%99.02%96.28%87.86%92.15%96.06%
Dividend Paid to FCF50.36%176.10%100.86%67.50%1.38%11.25%34.33%48.25%126.76%184.41%

Earnings

Report DateMar 2, 2020Sep 16, 2020Nov 12, 2020Feb 11, 2021Jun 15, 2021Aug 10, 2021Nov 9, 2021Feb 8, 2022May 26, 2022Aug 4, 2022Nov 7, 2022Feb 9, 2023May 24, 2023Aug 3, 2023Nov 6, 2023Feb 8, 2024May 23, 2024Aug 8, 2024Nov 7, 2024Feb 6, 2025May 22, 2025Aug 7, 2025Nov 6, 2025Feb 5, 2026May 20, 2026Aug 6, 2026Nov 5, 2026
EPS Estimate0.000.160.190.250.170.220.290.350.400.310.320.270.280.270.280.260.280.350.460.450.440.440.490.600.500.510.58
EPS Actual0.470.500.190.280.250.410.400.420.380.410.330.270.240.260.260.370.330.480.450.440.680.400.540.650.570.48-
Surprise-212.50%0.00%12.00%47.06%86.36%37.93%20.00%-5.00%32.26%3.13%0.00%-14.29%-3.70%-7.14%42.31%17.86%37.14%-2.17%-2.22%54.55%-9.09%10.20%8.33%14.00%-5.88%-
Timing-After-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap5.73B
Enterprise Value4.57B
Trailing P/E0.00
Forward P/E18.52
Price / Sales2.85
Price / Book33.00
EPS-7.70
Book Value-6.55
Revenue (TTM)2.01B
Gross Profit (TTM)-971.34M
EBITDA-1.12B
Profit Margin-30.54%
Operating Margin-54.06%
Return on Equity-61.40%
Return on Assets-11.64%
Shares Outstanding82.29M
Shares Float75.36M
Beta1.28
Dividend Yield3.88%
Dividend Rate1.72
Payout Ratio76.79%

Analyst Ratings

Buy
Based on 6 analystsTarget 69.56
  • Strong Buy
    2
  • Buy
    1
  • Hold
    3

Ownership Breakdown

Institutions
98.36%
Insiders
5.54%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    11.83M14.37%
  • Millennium Management LLC
    5.62M6.83%
  • Wellington Management Company LLP
    5.19M6.31%
  • T. Rowe Price Associates, Inc.
    4.87M5.92%
  • Vanguard Portfolio Management, LLC
    4.48M5.45%
  • Vanguard Capital Management, LLC
    3.53M4.28%
  • State Street Corp
    2.87M3.49%
  • Capital World Investors
    2.52M3.07%
  • Geode Capital Management, LLC
    1.95M2.37%
  • William Blair Investment Management, LLC
    1.93M2.35%
  • Westfield Capital Management Company, L.P.
    1.73M2.10%
  • JPMorgan Chase & Co
    1.48M1.80%
  • Balyasny Asset Management LLC
    1.43M1.73%
  • Adage Capital Partners Gp LLC
    1.39M1.69%

Top Fund Holders

  • iShares Core S&P Small-Cap ETF
    4.48M5.45%
  • American Funds SMALLCAP World A
    2.96M3.60%
  • Vanguard MStar Total Stk Mkt Idx Invest
    2.57M3.12%
  • T. Rowe Price Mid-Cap Value
    2.05M2.49%
  • iShares Russell 2000 ETF
    2.02M2.45%
  • Vanguard Small Cap Index
    1.86M2.26%

Dividends

20263×
0.33Aug 31, 20260.83Jun 15, 20260.28Feb 27, 2026
20254×
0.28Nov 28, 20250.28Aug 29, 20250.64Jun 13, 20250.24Feb 28, 2025
20244×
0.24Nov 29, 20240.24Aug 30, 20240.36Jun 14, 20240.21Feb 28, 2024
20234×
0.21Nov 29, 20230.21Aug 30, 20230.45Jun 14, 20230.20Feb 27, 2023
20224×
0.20Nov 29, 20220.20Aug 30, 20220.20Jun 14, 20220.15Feb 25, 2022
20214×
0.15Nov 29, 20210.07Aug 30, 20210.07Jun 29, 20210.07Mar 18, 2021