STEPNasdaqInvestment AdviceFiscal year ends March 31
StepStone Group Inc.
Financials through Q1 FY2027, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 7, 2026
$42.18+0.54 (+1.30%)
Close on Oct 19, 2026
- Market cap
- $3.46B
- P/E (TTM)
- –
- Dividend yield
- 3.51%
Margins
Share of revenue, fiscal years 2018 to 2026
Net margin
-26.9%−34.8 pts over 5 years
Growth rates
Compound annual growth to fiscal 2026
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +69.7% | – | +20.4% | – | |
| Free cash flow | +6.7% | -24.0% | -15.5% | – | |
| Dividend per share | +37.0% | +22.8% | +84.1% | – |
Returns and balance sheet
9 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2018 | FY2021 | FY2026 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | 457.6% | |
| Return on assets | – | 6.3% | -9.4% | |
| Capex to revenue | – | 0.2% | 0.1% | |
| Diluted shares | – | 33M | 79M |
Where the cash went
Fiscal 2022 to 2026, five years combined
StepStone generated $658.40M from operations and spent $379.70M on capital expenditure, dividends and share buybacks. 9% of that went back into the business.
Generated
$658.40M
Used
$379.70M
Capital expenditure$35.06M9%Dividends$335.93M88%Share buybacks$8.72M2%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-26.9%
×Asset turnover0.35×
×Equity multiplier-48.46×
=Return on equity, FY2026457.6%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2026 | -26.9% | 0.35× | -48.46× | 457.6% |
| FY2025 | -15.3% | 0.28× | 16.62× | -71.3% |
| FY2024 | 8.2% | 0.20× | 6.65× | 10.6% |
| FY2023 | 27.2% | -0.02× | 4.84× | -2.3% |
| FY2022 | 14.2% | 0.50× | 5.16× | 36.3% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2026 against fiscal 2025
3of 6 tests passed in fiscal 2026. Some tests lack the figures they need.
- ProfitableNet income above zero-$535.81M
- Cash generatingOperating cash flow above zero$66.48M
- Return on assets improvedROA up on the prior year-4.7% → -11.7%
- Earnings backed by cashOperating cash flow above net income$66.48M vs -$535.81M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose– → –
- No dilutionShare count did not rise71M → 79M
- Gross margin improvedGross margin up on the prior year– → –
- More efficientAsset turnover rose0.31 → 0.43