Company Analysis

StepStone Group Inc. (STEP)

Nasdaq: STEP · Investment Advice · New York, NY · filing with the SEC since 2019
Grade4.1
◀ Past 5.0● Present 3.8▶ Future 3.6

The grade of StepStone Group Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.1/10
◀ Past5.030% of the headline
● Present3.840% of the headline
▶ Future3.630% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.0/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
7.2/10

Has it survived what it has been through?

No warning events in its filings since 2019.

weight 22% of this tense · 72nd percentile among 48 sector filers · read for itself

From the record

StepStone Group Inc.'s filings since 2019 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
4.4/10

What has it actually done, year after year?

+34% a year over 8 filed years; profitable in 3 of 8.

weight 45% of this tense · 44th percentile among 42 sector filers · read for its customers

From the record

StepStone Group Inc.'s 8 filed years say what it did: revenue went from $256 million in fiscal 2019 to $2.0 billion in fiscal 2026, up 34% a year; it rose in 5 of 6 years; the deepest fall was 105% from fiscal 2022 to fiscal 2023; net income was positive in 3 of 8 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span34.0%top 13% of its family
  • the share of years revenue rosetop 21% of its family
  • the share of filed years with a profitbottom 11% of its family
  • the deepest fall from a revenue peak104.9%bottom 1% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
4.4/10

How has it treated the people who own it?

Share count grew 8.5% a year. 92% of cash flow returned. Insiders: 22 sales, 5 purchases.

weight 33% of this tense · 44th percentile among 36 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2026-03-31, StepStone Group Inc.'s diluted share count grew about 8.5% a year, and dividends and buybacks returned about 92% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 22 sales (19 under scheduled 10b5-1 plans) and 5 purchases of their own stock on the open market in the year to 2026-10-01, buying about $6 million (their Form 4 filings).

What it rests on

  • the share count over the yearsbottom 19% of its family
  • cash returned against operating cash flowtop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

3.8/1040% of the headline grade · 3 of 3 filed

Financial health

as filed
1.3/10

Is it financially healthy right now?

Leverage 106%: owes 106¢ per asset dollar.

weight 22% of this tense · 13th percentile among 44 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2026-03-31, StepStone Group Inc.'s shareholders' equity was below zero, so the profit on it is not read. Leverage: it owed about 106 cents per dollar of assets, and net share issuance: its share count grew 11.1% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetsbottom 6% of its family
  • the share count against the year beforebottom 20% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
3.4/10

How strong is its position in its industry?

bottom 34% of 43 in its family; net margin -26.9%.

weight 45% of this tense · 34th percentile among 43 sector filers · read for its customers

From the record

StepStone Group Inc.'s standing among 43 graded names in its industry family: revenue of $2.0 billion in fiscal 2026 ranks in the top 43% by size; a net margin of -26.9% ranks in the bottom 10% (its annual reports).

What it rests on

  • revenue against the family$1.99Btop 43% of its family
  • net margin-26.9%bottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
6.1/10

What are the people in charge doing?

top 39% of 34 in its family for leadership; chief executive since 2020.

weight 33% of this tense · 61st percentile among 34 sector filers · read for its shareholders

From the record

StepStone Group Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Hart, Scott W (Chief Executive Officer, as filed), filing under that title since 2020-09-15, 6.2 years (top 50% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 6.2 years (bottom 38%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 4%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge1 in three years among 11 peopletop 4% of its family
  • the median years the people in charge have filed6.2 yearsbottom 38% of its family
  • the chief executive's years on the record6.2 yearstop 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.6/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
5.1/10

How much room does it have to grow?

top 49% of 42 in its family for room to expand.

weight 33% of this tense · 51st percentile among 42 sector filers · read for itself

From the record

StepStone Group Inc.'s room to grow, from the newest filed statements (fiscal 2026): cash of $1.1 billion against no long-term debt tagged leaves 16.5% of its assets as net cash, top 26% of its family; cash from operations less capital spending is 3.2% of revenue (bottom 27%) (its annual report).

What it rests on

  • cash less debt against assets16.5%top 26% of its family
  • cash from operations less capital spending against revenue3.2%bottom 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
5.6/10

What could actually drive growth from here?

top 44% of 41 in its family for growth drivers.

weight 33% of this tense · 56th percentile among 41 sector filers · read for its customers

From the record

StepStone Group Inc.'s growth drivers, from the filed years to fiscal 2026: the newest year grew 69.8% (top 4%); capital spending grew -22.5% a year (bottom 16%) (its annual reports). StepStone Group Inc. reported 5 product lines in fiscal 2026: Management and Advisory Fees Net at $926 million (47%), Carried Interest Allocation Unrealized at $540 million (27%), Incentive Fees at $220 million (11%), and 2 more; 5 of 5 grew against the year before (its annual report).

What it rests on

  • the newest year's revenue growth69.8%top 4% of its family
  • three-year growth of capital spending-22.5%bottom 16% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
0.2/10

Did its newest year beat what its own record pointed to?

bottom 2% of 41 in its family for expectations against reality.

weight 33% of this tense · 2nd percentile among 41 sector filers · read for its shareholders

From the record

StepStone Group Inc.'s newest year against its own record: net income of $536 million against a prior three-year average of $47 million (bottom 1%); a net margin of -26.9% against -3.6% before (bottom 4%) (its annual reports).

What it rests on

  • net income against the prior three years' averagefive times below its prior average or morebottom 1% of its family
  • net margin against its prior average-23.3 pointsbottom 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton STEP · research, not advice