STEPSTONE GROUP INC-CLASS A (STEP) Fundamental Analysis & Valuation

NASDAQ:STEP • US85914M1071

45.25 USD
-0.41 (-0.9%)
At close: Mar 9, 2026
45.25 USD
0 (0%)
After Hours: 3/9/2026, 8:00:01 PM
Overview Stock Chart Technical Analysis Fundamental Analysis Forecast Earnings Financials Ownership News

This STEP fundamental analysis includes valuation metrics, fair value assessment, financial health analysis, profitability trends, growth metrics and dividend sustainability analysis.

Fundamental Rating

3

Overall STEP gets a fundamental rating of 3 out of 10. We evaluated STEP against 242 industry peers in the Capital Markets industry. Both the profitability and financial health of STEP have multiple concerns. STEP shows excellent growth, but is valued quite expensive already.


Dividend Valuation Growth Profitability Health

3

1. STEP Profitability Analysis

1.1 Basic Checks

  • In the past year STEP was profitable.
  • STEP had a positive operating cash flow in the past year.
  • The reported net income has been mixed in the past 5 years: STEP reported negative net income in multiple years.
  • STEP had a positive operating cash flow in each of the past 5 years.
STEP Yearly Net Income VS EBIT VS OCF VS FCFSTEP Yearly Net Income VS EBIT VS OCF VS FCFYearly Net Income VS EBIT VS OCF VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 200M -200M 400M

1.2 Ratios

  • The Return On Assets of STEP (-10.43%) is worse than 84.30% of its industry peers.
Industry RankSector Rank
ROA -10.43%
ROE N/A
ROIC N/A
ROA(3y)-0.97%
ROA(5y)1.29%
ROE(3y)-28.2%
ROE(5y)-7.16%
ROIC(3y)N/A
ROIC(5y)N/A
STEP Yearly ROA, ROE, ROICSTEP Yearly ROA, ROE, ROICYearly ROA, ROE, ROIC 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 -50 -100

1.3 Margins

  • STEP has a better Gross Margin (75.74%) than 83.47% of its industry peers.
  • STEP's Gross Margin has improved in the last couple of years.
  • The Profit Margin and Operating Margin are not available for STEP so they could not be analyzed.
Industry RankSector Rank
OM N/A
PM (TTM) N/A
GM 75.74%
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.98%
GM growth 5Y2.12%
STEP Yearly Profit, Operating, Gross MarginsSTEP Yearly Profit, Operating, Gross MarginsYearly Profit, Operating, Gross Margins 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 50 100 150 200

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ROAROEROICOperating and Profit MarginShow most profitable peers

0

2. STEP Health Analysis

2.1 Basic Checks

  • Compared to 1 year ago, STEP has more shares outstanding
  • The number of shares outstanding for STEP has been increased compared to 5 years ago.
  • The debt/assets ratio for STEP is higher compared to a year ago.
STEP Yearly Shares OutstandingSTEP Yearly Shares OutstandingYearly Shares Outstanding 2018 2019 2020 2021 2022 2023 2024 2025 20M 40M 60M
STEP Yearly Total Debt VS Total AssetsSTEP Yearly Total Debt VS Total AssetsYearly Total Debt VS Total Assets 2018 2019 2020 2021 2022 2023 2024 2025 1B 2B 3B 4B

2.2 Solvency

  • STEP has an Altman-Z score of -0.20. This is a bad value and indicates that STEP is not financially healthy and even has some risk of bankruptcy.
  • STEP has a Altman-Z score of -0.20. This is amonst the worse of the industry: STEP underperforms 80.17% of its industry peers.
  • The Debt to FCF ratio of STEP is 14.50, which is on the high side as it means it would take STEP, 14.50 years of fcf income to pay off all of its debts.
  • STEP has a Debt to FCF ratio (14.50) which is comparable to the rest of the industry.
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 14.5
Altman-Z -0.2
ROIC/WACCN/A
WACCN/A
STEP Yearly LT Debt VS Equity VS FCFSTEP Yearly LT Debt VS Equity VS FCFYearly LT Debt VS Equity VS FCF 2017 2018 2019 2020 2021 2022 2023 2024 2025 200M 400M 600M 800M

2.3 Liquidity

  • A Current Ratio of 0.75 indicates that STEP may have some problems paying its short term obligations.
  • Looking at the Current ratio, with a value of 0.75, STEP is doing worse than 63.64% of the companies in the same industry.
  • A Quick Ratio of 0.75 indicates that STEP may have some problems paying its short term obligations.
  • STEP has a worse Quick ratio (0.75) than 63.22% of its industry peers.
Industry RankSector Rank
Current Ratio 0.75
Quick Ratio 0.75
STEP Yearly Current Assets VS Current LiabilitesSTEP Yearly Current Assets VS Current LiabilitesYearly Current Assets VS Current Liabilites 2018 2019 2020 2021 2022 2023 2024 2025 500M 1B 1.5B 2B 2.5B

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WACCDebt/EquityHow to determine the health of a companyAltman-Z scoreShow peers with great health

9

3. STEP Growth Analysis

3.1 Past

  • STEP shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 33.53%, which is quite impressive.
  • STEP shows quite a strong growth in Earnings Per Share. Measured over the last years, the EPS has been growing by 8.39% yearly.
  • The Revenue has grown by 54.45% in the past year. This is a very strong growth!
  • STEP shows a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 21.29% yearly.
EPS 1Y (TTM)33.53%
EPS 3Y8.39%
EPS 5YN/A
EPS Q2Q%47.73%
Revenue 1Y (TTM)54.45%
Revenue growth 3Y-4.87%
Revenue growth 5Y21.29%
Sales Q2Q%112.26%

3.2 Future

  • Based on estimates for the next years, STEP will show a quite strong growth in Earnings Per Share. The EPS will grow by 18.30% on average per year.
  • STEP is expected to show a strong growth in Revenue. In the coming years, the Revenue will grow by 24.06% yearly.
EPS Next Y5.86%
EPS Next 2Y15.18%
EPS Next 3Y18.3%
EPS Next 5YN/A
Revenue Next Year23.65%
Revenue Next 2Y26.11%
Revenue Next 3Y24.06%
Revenue Next 5YN/A

3.3 Evolution

  • When comparing the EPS growth rate of the last years to the growth rate of the upcoming years, we see that the growth is accelerating.
  • When comparing the Revenue growth rate of the last years to the growth rate of the upcoming years, we see that the growth is stable.
STEP Yearly Revenue VS EstimatesSTEP Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 0 500M 1B 1.5B
STEP Yearly EPS VS EstimatesSTEP Yearly EPS VS EstimatesYearly EPS VS Estimates 2021 2022 2023 2024 2025 2026 2027 2028 1 2 3

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2

4. STEP Valuation Analysis

4.1 Price/Earnings Ratio

  • Based on the Price/Earnings ratio of 19.93, the valuation of STEP can be described as rather expensive.
  • Based on the Price/Earnings ratio, STEP is valued a bit more expensive than 64.88% of the companies in the same industry.
  • Compared to an average S&P500 Price/Earnings ratio of 26.46, STEP is valued a bit cheaper.
  • Based on the Price/Forward Earnings ratio of 16.64, the valuation of STEP can be described as correct.
  • STEP's Price/Forward Earnings is on the same level as the industry average.
  • When comparing the Price/Forward Earnings ratio of STEP to the average of the S&P500 Index (24.65), we can say STEP is valued slightly cheaper.
Industry RankSector Rank
PE 19.93
Fwd PE 16.64
STEP Price Earnings VS Forward Price EarningsSTEP Price Earnings VS Forward Price Earnings ChartPrice Earnings - Forward Price Earnings PE FPE 10 20 30 40

4.2 Price Multiples

  • STEP's Price/Free Cash Flow ratio is in line with the industry average.
Industry RankSector Rank
P/FCF 289.35
EV/EBITDA N/A
STEP Per share dataSTEP EPS, Sales, OCF, FCF, BookValue per sharePer Share Data Per Share 0 5 -5 10 -10 15

4.3 Compensation for Growth

  • The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
  • A more expensive valuation may be justified as STEP's earnings are expected to grow with 18.30% in the coming years.
PEG (NY)3.4
PEG (5Y)N/A
EPS Next 2Y15.18%
EPS Next 3Y18.3%

More info and screens

Price/EarningsPrice/FCFFCF per shareEV/EBITDAPEG RATIOShow best valued peers

3

5. STEP Dividend Analysis

5.1 Amount

  • With a Yearly Dividend Yield of 2.35%, STEP has a reasonable but not impressive dividend return.
  • The stock price of STEP dropped by -29.74% in the last 3 months. With lower prices the dividend yield is higher, but it may be a sign investors do not trust the long term dividend.
  • STEP's Dividend Yield is comparable with the industry average which is at 6.64.
  • STEP's Dividend Yield is a higher than the S&P500 average which is at 1.82.
Industry RankSector Rank
Dividend Yield 2.35%

5.2 History

  • STEP has been paying a dividend for over 5 years, so it has already some track record.
Dividend Growth(5Y)N/A
Div Incr Years0
Div Non Decr Years0
STEP Yearly Dividends per shareSTEP Yearly Dividends per shareYearly Dividends per share 2021 2022 2023 2024 2025 2026 0.5 1

5.3 Sustainability

  • STEP has negative earnings and hence a negative payout ratio. The dividend may be in danger.
DP-20.62%
EPS Next 2Y15.18%
EPS Next 3Y18.3%
STEP Yearly Income VS Free CF VS DividendSTEP Yearly Income VS Free CF VS DividendYearly Income VS Free CF VS Dividend 2017 2018 2019 2020 2021 2022 2023 2024 2025 0 100M -100M 200M

More info and screens

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STEP Fundamentals: All Metrics, Ratios and Statistics

STEPSTONE GROUP INC-CLASS A

NASDAQ:STEP (3/9/2026, 8:00:01 PM)

After market: 45.25 0 (0%)

45.25

-0.41 (-0.9%)

Chartmill FA Rating
GICS SectorFinancials
GICS IndustryGroupFinancial Services
GICS IndustryCapital Markets
Earnings (Last)02-05
Earnings (Next)05-20
Inst Owners100.99%
Inst Owner Change5.95%
Ins Owners5.1%
Ins Owner Change-4.26%
Market Cap5.39B
Revenue(TTM)1.79B
Net Income(TTM)-546.52M
Analysts78.57
Price Target81.43 (79.96%)
Short Float %4.03%
Short Ratio2.59
Dividend
Industry RankSector Rank
Dividend Yield 2.35%
Yearly Dividend1.07
Dividend Growth(5Y)N/A
DP-20.62%
Div Incr Years0
Div Non Decr Years0
Ex-Date02-27
Surprises & Revisions
EPS beat(2)2
Avg EPS beat(2)8.47%
Min EPS beat(2)7.83%
Max EPS beat(2)9.12%
EPS beat(4)3
Avg EPS beat(4)14.77%
Min EPS beat(4)-8.03%
Max EPS beat(4)50.15%
EPS beat(8)5
Avg EPS beat(8)12.32%
EPS beat(12)6
Avg EPS beat(12)8.88%
EPS beat(16)8
Avg EPS beat(16)7.87%
Revenue beat(2)2
Avg Revenue beat(2)10.31%
Min Revenue beat(2)0.56%
Max Revenue beat(2)20.07%
Revenue beat(4)3
Avg Revenue beat(4)15.4%
Min Revenue beat(4)-8.78%
Max Revenue beat(4)49.78%
Revenue beat(8)5
Avg Revenue beat(8)10.4%
Revenue beat(12)5
Avg Revenue beat(12)5.52%
Revenue beat(16)6
Avg Revenue beat(16)-17.14%
PT rev (1m)-0.56%
PT rev (3m)7.52%
EPS NQ rev (1m)-0.99%
EPS NQ rev (3m)-2.01%
EPS NY rev (1m)0.16%
EPS NY rev (3m)3.89%
Revenue NQ rev (1m)0.4%
Revenue NQ rev (3m)0.45%
Revenue NY rev (1m)-2.99%
Revenue NY rev (3m)9.23%
Valuation
Industry RankSector Rank
PE 19.93
Fwd PE 16.64
P/S 3.01
P/FCF 289.35
P/OCF 232.83
P/B N/A
P/tB N/A
EV/EBITDA N/A
EPS(TTM)2.27
EY5.02%
EPS(NY)2.72
Fwd EY6.01%
FCF(TTM)0.16
FCFY0.35%
OCF(TTM)0.19
OCFY0.43%
SpS15.03
BVpS-3.18
TBVpS-10.01
PEG (NY)3.4
PEG (5Y)N/A
Graham NumberN/A
Profitability
Industry RankSector Rank
ROA -10.43%
ROE N/A
ROCE N/A
ROIC N/A
ROICexc N/A
ROICexgc N/A
OM N/A
PM (TTM) N/A
GM 75.74%
FCFM 1.04%
ROA(3y)-0.97%
ROA(5y)1.29%
ROE(3y)-28.2%
ROE(5y)-7.16%
ROIC(3y)N/A
ROIC(5y)N/A
ROICexc(3y)N/A
ROICexc(5y)N/A
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)N/A
ROCE(5y)N/A
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3YN/A
ROICexc growth 5YN/A
OM growth 3YN/A
OM growth 5YN/A
PM growth 3YN/A
PM growth 5YN/A
GM growth 3Y5.98%
GM growth 5Y2.12%
F-Score3
Asset Turnover0.34
Health
Industry RankSector Rank
Debt/Equity N/A
Debt/FCF 14.5
Debt/EBITDA N/A
Cap/Depr 9.9%
Cap/Sales 0.25%
Interest Coverage N/A
Cash Conversion N/A
Profit Quality N/A
Current Ratio 0.75
Quick Ratio 0.75
Altman-Z -0.2
F-Score3
WACCN/A
ROIC/WACCN/A
Cap/Depr(3y)21.41%
Cap/Depr(5y)19.13%
Cap/Sales(3y)4.06%
Cap/Sales(5y)2.5%
Profit Quality(3y)N/A
Profit Quality(5y)N/A
High Growth Momentum
Growth
EPS 1Y (TTM)33.53%
EPS 3Y8.39%
EPS 5YN/A
EPS Q2Q%47.73%
EPS Next Y5.86%
EPS Next 2Y15.18%
EPS Next 3Y18.3%
EPS Next 5YN/A
Revenue 1Y (TTM)54.45%
Revenue growth 3Y-4.87%
Revenue growth 5Y21.29%
Sales Q2Q%112.26%
Revenue Next Year23.65%
Revenue Next 2Y26.11%
Revenue Next 3Y24.06%
Revenue Next 5YN/A
EBIT growth 1Y-460.39%
EBIT growth 3YN/A
EBIT growth 5YN/A
EBIT Next Year36.25%
EBIT Next 3Y23.7%
EBIT Next 5YN/A
FCF growth 1Y-85.9%
FCF growth 3Y-34.43%
FCF growth 5Y-1.67%
OCF growth 1Y-84.9%
OCF growth 3Y-32.84%
OCF growth 5Y-0.3%

STEPSTONE GROUP INC-CLASS A / STEP FAQ

Can you provide the ChartMill fundamental rating for STEPSTONE GROUP INC-CLASS A?

ChartMill assigns a fundamental rating of 3 / 10 to STEP.


What is the valuation status of STEPSTONE GROUP INC-CLASS A (STEP) stock?

ChartMill assigns a valuation rating of 2 / 10 to STEPSTONE GROUP INC-CLASS A (STEP). This can be considered as Overvalued.


Can you provide the profitability details for STEPSTONE GROUP INC-CLASS A?

STEPSTONE GROUP INC-CLASS A (STEP) has a profitability rating of 3 / 10.


What is the expected EPS growth for STEPSTONE GROUP INC-CLASS A (STEP) stock?

The Earnings per Share (EPS) of STEPSTONE GROUP INC-CLASS A (STEP) is expected to grow by 5.86% in the next year.


Can you provide the dividend sustainability for STEP stock?

The dividend rating of STEPSTONE GROUP INC-CLASS A (STEP) is 3 / 10 and the dividend payout ratio is -20.62%.