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STEP

StepStone Group Inc.

STEP

NASDAQ·Financial Services·Asset Management·Mkt cap $5.1B

$41.13

▲ +1.17%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$38.85 - $77.80

P/E

-5.93

Fwd P/E

16.47

Beta

1.28

Div Yield

4.11%

Avg Vol

1.2M

Shares Out

125.0M

Mkt Cap

$5.1B

Price action

Price chart

Down 28.2% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

▲

Bull Case

5 reasons

  • Global platform with established presence across major markets and emerging regions
  • Diversified investment strategies spanning multiple asset classes and investment stages
  • Institutional-grade deal sourcing and portfolio company management capabilities
  • Scale and capital deployment capacity ($15M-$200M per investment)
  • Experienced team with deep sector expertise across technology, healthcare, and infrastructure
▼

Bear Case

2 risks

  • Average volatility.
  • Growth premium of 1.6x vs Asset Management peers. Elevated but may be justified by growth trajectory.

Growth

Turning profitable

Secular shift of institutional capital allocation toward alternative assets and private markets

Value

Growth premium of 1.6x vs Asset Management peers. Elevated but may be justified by growth trajectory.

Momentum

Weak

-13.6% over 3m

Quality

Strong

Emerging growth company (56% revenue growth). Early stage with higher risk.

Dividend

Solid

4.11% yield

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 6, 2026

“
Q2 26 RECAP

MAY 20, 2026

Reported EPS of $0.57 vs $0.51 consensus (+11.8% surprise). Revenue of $305.8M vs $292.1M expected (+4.7%). Beat on both top and bottom lines.

EPS beat +11.8%
Rev beat +4.7%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+11.8%

Next: Aug 6, 2026

Revenue trend · last 8Q

—

—

—

—

+6%

+96%

+68%

+75%

Q4 24

Q1 24

Q2 24

Q3 24

Q4 25

Q1 25

Q2 25

Q3 25

$354.2M

$183.4M

$268.2M

$336.0M

$377.7M

$364.3M

$454.2M

$586.5M

Margins · last 8Q

Gross

50.8%

Operating

-37.7%

Profit

-21.1%

View full earnings history →

Wall Street consensus

5 analysts · 100% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

5

100%

Hold

0%

Sell

0%

Median Price Target

$61.00

▲ +48.3% vs $41.13

Low $59.00
Median $61.00
High $85.00

Latest: Oppenheimer · $85.00 · May 21, 2026

3 analysts covering

View full analyst page →

vs Industry

How STEP stacks vs Asset Management

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.