Financial Snapshot

Revenue
$801.3M
TTM
Gross Margin
94.58%
TTM
Net Earnings
$41.56M
TTM
Current Assets
$2.378B
Q3 2024
Current Liabilities
$1.831B
Q3 2024
Current Ratio
129.88%
Q3 2024
Total Assets
Q3 2024
Total Liabilities
Q3 2024
Book Value
$2.000B
Q3 2024
Cash
Q3 2024
P/E
174.5
Nov 29, 2024 EST
Free Cash Flow
$129.8M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Revenue $711.6M -$67.57M $1.366B $787.7M $446.6M $256.3M $264.3M $163.1M
YoY Change -1153.11% -104.95% 73.35% 76.38% 74.27% -3.04% 62.05%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Revenue $711.6M -$67.57M $1.366B $787.7M $446.6M $256.3M $264.3M $163.1M
Cost Of Revenue $37.69M $79.85M $404.1M $246.0M $109.7M $31.50M $59.70M $33.50M
Gross Profit $680.5M -$149.9M $952.9M $547.0M $337.0M $224.8M $204.6M $129.6M
Gross Profit Margin 95.62% 69.78% 69.44% 75.46% 87.72% 77.41% 79.46%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Selling, General & Admin $455.1M $427.0M $294.9M $208.0M $179.0M $151.3M $118.7M $86.30M
YoY Change 6.59% 44.77% 41.8% 16.21% 18.31% 27.46% 37.54%
% of Gross Profit 66.88% 30.95% 38.03% 53.12% 67.3% 58.02% 66.59%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $47.59M $47.44M $26.98M $5.495M $7.078M $7.885M $4.330M $2.970M
YoY Change 0.31% 75.86% 390.94% -22.37% -10.23% 82.1% 45.79%
% of Gross Profit 6.99% 2.83% 1.0% 2.1% 3.51% 2.12% 2.29%
Operating Expenses $502.3M $307.9M $509.1M $213.5M $185.9M $159.2M $123.0M $89.10M
YoY Change 63.1% -39.51% 138.42% 14.85% 16.77% 29.43% 38.05%
Operating Profit $178.2M -$457.9M $443.9M $333.5M $151.1M $65.60M $81.60M $40.50M
YoY Change -138.92% -203.16% 33.09% 120.72% 130.34% -19.61% 101.48%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Interest Expense $9.331M $4.189M $1.113M $7.360M $10.21M $10.26M $4.200M $2.600M
YoY Change 122.75% 276.37% -84.88% -27.92% -0.49% 144.31% 61.54%
% of Operating Profit 5.24% 0.25% 2.21% 6.76% 15.64% 5.15% 6.42%
Other Income/Expense, Net $23.63M -$40.96M $60.22M $9.680M -$3.204M -$4.822M $0.00 $300.0K
YoY Change -157.68% -168.01% 522.1% -402.12% -33.55% -100.0%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Pretax Income $195.4M -$41.45M $512.6M $337.8M $148.7M $61.60M $85.80M $43.30M
YoY Change -571.36% -108.09% 51.72% 127.14% 141.46% -28.21% 98.15%
Income Tax $27.58M $3.821M $28.30M $23.26M $3.955M $1.640M $2.000M $500.0K
% Of Pretax Income 14.11% 5.52% 6.88% 2.66% 2.66% 2.33% 1.15%
Net Earnings $58.09M -$18.40M $193.9M $62.63M $0.00 $0.00 $81.40M $40.30M
YoY Change -415.75% -109.49% 209.55% -100.0% 101.99%
Net Earnings / Revenue 8.16% 14.2% 7.95% 0.0% 0.0% 30.8% 24.71%
Basic Earnings Per Share $0.91 -$0.30 $3.89 $2.11
Diluted Earnings Per Share $0.91 -$0.30 $3.84 $2.06 $1.391M $571.7K $858.6K $425.1K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Cash & Short-Term Investments $181.6M $128.6M $116.4M $179.9M $89.90M $40.60M $103.6M
YoY Change 41.25% 10.46% -35.3% 100.1% 121.43% -60.81%
Cash & Equivalents $181.6M $128.6M $116.4M $179.9M $89.90M $40.60M $103.6M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables $56.77M $44.45M $34.14M $32.10M $25.10M $24.30M $19.90M
Other Receivables $2.053B $2.052B $2.834B $904.0M $470.5M $301.3M $271.8M
Total Short-Term Assets $2.291B $2.225B $2.985B $1.116B $585.5M $366.2M $395.3M
YoY Change 2.97% -25.46% 167.48% 90.6% 59.89% -7.36%
Property, Plant & Equipment $127.3M $101.1M $73.83M $10.23M $11.00M $7.200M $5.400M
YoY Change 25.9% 36.98% 621.74% -7.01% 52.78% 33.33%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $266.9M $145.8M $107.0M $74.38M $53.40M $86.70M $35.50M
YoY Change 83.08% 36.19% 43.92% 39.29% -38.41% 144.23%
Other Assets $185.2M $45.31M $28.93M $93.42M $700.0K $600.0K $3.200M
YoY Change 308.78% 56.64% -69.03% 13245.14% 16.67% -81.25%
Total Long-Term Assets $1.498B $1.272B $1.203B $204.8M $95.30M $125.5M $70.00M
YoY Change 17.72% 5.74% 487.49% 114.89% -24.06% 79.29%
Total Assets $3.789B $3.497B $4.188B $1.321B $680.8M $491.7M $465.3M
YoY Change
Accounts Payable $96.42M $89.40M $61.54M $33.82M $27.50M $26.20M $18.70M
YoY Change 7.85% 45.26% 81.95% 22.99% 4.96% 40.11%
Accrued Expenses $1.425B $1.450B $2.021B $499.8M $260.9M $165.7M $156.1M
YoY Change -1.76% -28.24% 304.34% 91.58% 57.45% 6.15%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.734B $1.745B $2.282B $647.2M $292.0M $193.4M $175.3M
YoY Change -0.63% -23.52% 252.59% 121.64% 50.98% 10.33%
Long-Term Debt $148.8M $98.35M $62.88M $0.00 $143.1M $143.9M $144.5M
YoY Change 51.32% 56.41% -100.0% -0.56% -0.42%
Other Long-Term Liabilities $32.65M $566.0K $19.00M $13.90M $8.500M $8.400M $7.400M
YoY Change 5667.67% -97.02% 36.69% 63.53% 1.19% 13.51%
Total Long-Term Liabilities $181.5M $98.92M $81.88M $13.90M $151.6M $152.3M $151.9M
YoY Change 83.45% 20.81% 489.06% -90.83% -0.46% 0.26%
Total Liabilities $3.464B $2.726B $3.371B $1.071B $464.6M $363.0M $343.2M
YoY Change 27.09% -19.13% 214.6% 130.6% 27.99% 5.77%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018 2017
Basic Shares Outstanding 63.49M shares 61.88M shares 49.83M shares 29.66M shares
Diluted Shares Outstanding 66.54M shares 61.88M shares 53.60M shares 33.27M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $7.2507 Billion

About StepStone Group Inc.

StepStone Group, Inc. is a private markets investment firm. The company is headquartered in New York City, New York and currently employs 1,050 full-time employees. The company went IPO on 2020-09-16. The firm is focused on providing customized investment solutions and advisory, data and administrative services to its clients. The company partners with its clients to develop and build private markets portfolios designed to meet their specific objectives across the private equity, infrastructure, private debt and real estate asset classes. Its portfolios utilize several types of synergistic investment strategies with third-party fund managers, including commitments to funds, acquiring stakes in existing funds on the secondary market and investing directly into companies. Its solutions are offered across various commercial structures, including separately managed accounts, focused commingled funds, advisory, data and administrative services, and portfolio analytics and reporting. Its advisory, data and administrative services include recurring support of portfolio construction and design, and discrete or project-based due diligence.

Industry: Investment Advice Peers: ALLIANCEBERNSTEIN HOLDING L.P. Artisan Partners Asset Management Inc. Blackstone Inc. Bridge Investment Group Holdings Inc. COHEN & STEERS, INC. FEDERATED HERMES, INC. Focus Financial Partners Inc. Hamilton Lane INC Main Street Capital CORP PROSPECT CAPITAL CORP