Is StepStone Group (STEP) overvalued or fairly valued?

MarketChacha shows StepStone Group's valuation in context — a forward P/E of about 12.7 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

What is StepStone Group's revenue?

StepStone Group reported revenue of $2.0B for FY2026, with net profit of $-535.8M, per official filings.

What is the share price of StepStone Group (STEP)?

StepStone Group last traded at $43.15 (+2.3% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

StepStone Group

STEP · NYSE · Financials · United States

Snapshot

TickerSTEP

ExchangeNYSE

SectorFinancials

IndustryAsset Management

CountryUnited States

Employees1,355

HeadquartersNew York, United States

Websitewww.stepstonegroup.com

Filings tracked14

About StepStone Group

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.

Who owns it

Insiders5.5%
Institutions94.5%
Public & other0.0%

373 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.55%
Millennium Management Llc6.83%
Wellington Management Group, LLP6.31%
Price (T.Rowe) Associates Inc6.28%
Vanguard Portfolio Management LLC5.68%
Vanguard Capital Management LLC4.31%
State Street Corporation3.79%
Capital World Investors3.07%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

Margin has compressed by about 35.0 points over the period — profitability is trending down.

Net margin trend8.2% → -26.9%

Margin has compressed by about 35.0 points over the period — profitability is trending down.

Return on equity-100.1%

Latest ROE of -100.1% is on the low side — the business earns a modest return on shareholder capital.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $587.3M · EPS 0.75

Est. earnings growth +16.0%

Next fiscal year

Rev $1.9B · EPS 3.40

Est. earnings growth +38.2%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2026)

$2.0B

Net margin

-26.9%

EPS (FY2026)

-6.78

Net profit (FY2026)

$-535.8M

Ask MarketChacha about STEP

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Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2026	$2.0B	$-535.8M	-6.78	-26.9%	—
FY2025	$1.2B	$-179.6M	-2.52	-15.3%	-100.1%
FY2024	$711.6M	$58.1M	0.91	8.2%	17.9%
FY2023	$-67.6M	$-18.4M	-0.30	—	-2.4%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$378.9M	$-115.8M	-1.41	-30.6%
2025Q4	$586.5M	$-123.5M	-1.55	-21.0%
2025Q3	$454.2M	$-366.1M	-4.66	-80.6%
2025Q2	$364.3M	$-38.4M	-0.49	-10.5%
2024Q4	$339.0M	$-192.0M	-2.61	-56.6%
2024Q3	$271.7M	$17.6M	0.26	6.5%
2024Q2	$186.4M	$13.3M	0.20	7.2%
2023Q4	$-14.6M	$-20.2M	-0.32	—
2023Q3	$191.4M	$26.2M	0.42	13.7%
2023Q2	$178.0M	$21.3M	0.34	11.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Shareholder vote results
SEC9/8/2026material
10-Q filing
SEC8/7/2026
8-K — Results of operations, Exhibits
SEC8/6/2026material
8-K — Unregistered equity sale, Other events
SEC6/1/2026material
10-K filing
SEC5/27/2026
8-K — Results of operations, Exhibits
SEC5/20/2026material
8-K — Results of operations, Exhibits
SEC2/5/2026material
10-Q filing
SEC2/5/2026

2025

8-K — Results of operations, Exhibits
SEC11/6/2025material
10-Q filing
SEC11/6/2025
8-K — Security holder rights, Bylaw/charter change, Exhibits
SEC9/19/2025material
8-K — Security holder rights, Bylaw/charter change, Shareholder vote results, Exhibits
SEC9/11/2025material
8-K — Results of operations, Exhibits
SEC8/7/2025material
10-Q filing
SEC8/7/2025

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.