Stepstone Group Inc
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, i… Read more
Stepstone Group Inc (STEP) - Net Assets
Latest net assets as of December 2025: $519.45 Million USD
Based on the latest financial reports, Stepstone Group Inc (STEP) has net assets worth $519.45 Million USD as of December 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($5.24 Billion) and total liabilities ($4.72 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $519.45 Million |
| % of Total Assets | 9.91% |
| Annual Growth Rate | 44.08% |
| 5-Year Change | 168.97% |
| 10-Year Change | N/A |
| Growth Volatility | 77.27 |
Stepstone Group Inc - Net Assets Trend (2018–2025)
This chart illustrates how Stepstone Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Stepstone Group Inc (2018–2025)
The table below shows the annual net assets of Stepstone Group Inc from 2018 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | $1.77 Billion | -5.27% |
| 2024-03-31 | $1.87 Billion | +13.30% |
| 2023-03-31 | $1.65 Billion | -9.37% |
| 2022-03-31 | $1.82 Billion | +176.54% |
| 2021-03-31 | $659.69 Million | +178.39% |
| 2020-03-31 | $236.97 Million | +62.68% |
| 2019-03-31 | $145.66 Million | +5.82% |
| 2018-03-31 | $137.65 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Stepstone Group Inc's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 298.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $117.00K | 0.07% |
| Other Comprehensive Income | $728.00K | 0.41% |
| Other Components | $421.06 Million | 234.76% |
| Total Equity | $179.36 Million | 100.00% |
Stepstone Group Inc Competitors by Market Cap
The table below lists competitors of Stepstone Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BILL Holdings, Inc.
LSE:0A75
|
$3.34 Billion |
|
Beijing Roborock Technology Co Ltd
SHG:688169
|
$3.35 Billion |
|
KANDENKO CO. LTD
F:5EY
|
$3.35 Billion |
|
President Chain Store Corp
TW:2912
|
$3.35 Billion |
|
Academy Sports Outdoors Inc
NASDAQ:ASO
|
$3.34 Billion |
|
Ningbo Zhoushan Port Co Ltd
SHG:601018
|
$3.34 Billion |
|
CENTRUS ENERGY DL-10
F:4CU
|
$3.34 Billion |
|
Kuraray Co
PINK:KURRY
|
$3.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Stepstone Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 324,476,000 to 179,356,000, a change of -145,120,000 (-44.7%).
- Net loss of 179,563,000 reduced equity.
- Dividend payments of 75,840,000 reduced retained earnings.
- Other comprehensive income increased equity by 424,000.
- Other factors increased equity by 109,859,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-179.56 Million | -100.12% |
| Dividends Paid | $75.84 Million | -42.28% |
| Other Comprehensive Income | $424.00K | +0.24% |
| Other Changes | $109.86 Million | +61.25% |
| Total Change | $- | -44.72% |
Book Value vs Market Value Analysis
This analysis compares Stepstone Group Inc's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 18.54x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 2.94x to 18.54x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | $15.91 | $46.75 | x |
| 2019-03-31 | $4.40 | $46.75 | x |
| 2020-03-31 | $8.13 | $46.75 | x |
| 2021-03-31 | $7.50 | $46.75 | x |
| 2022-03-31 | $15.25 | $46.75 | x |
| 2023-03-31 | $12.47 | $46.75 | x |
| 2024-03-31 | $4.88 | $46.75 | x |
| 2025-03-31 | $2.52 | $46.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Stepstone Group Inc utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -100.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.28%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 25.57x
- Recent ROE (-100.12%) is below the historical average (10.61%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 17.50% | 30.82% | 0.57x | 1.00x | $34.91 Million |
| 2019 | 42.11% | 21.15% | 0.52x | 3.82x | $41.33 Million |
| 2020 | 61.01% | 29.54% | 0.66x | 3.15x | $110.29 Million |
| 2021 | 25.11% | 7.95% | 0.60x | 5.30x | $37.69 Million |
| 2022 | 23.71% | 14.20% | 0.33x | 5.12x | $112.12 Million |
| 2023 | -2.38% | 0.00% | -0.02x | 4.53x | $-95.55 Million |
| 2024 | 17.90% | 8.16% | 0.19x | 11.68x | $25.64 Million |
| 2025 | -100.12% | -15.28% | 0.26x | 25.57x | $-197.50 Million |
Industry Comparison
This section compares Stepstone Group Inc's net assets metrics with peer companies in the Asset Management industry.
Industry Context
- Industry: Asset Management
- Average net assets among peers: $351,111,792
- Average return on equity (ROE) among peers: 0.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Stepstone Group Inc (STEP) | $519.45 Million | 17.50% | 9.09x | $3.34 Billion |
| Aberdeen International Inc (AABVF) | $214.75K | -122.83% | 0.39x | $2.78 Million |
| Acadian Asset Management Inc (AAMI) | $-21.60 Million | 0.00% | 0.00x | $1.37 Billion |
| AllianceBernstein Holding L.P. (AB) | $402.30 Million | 32.07% | 0.95x | $3.38 Billion |
| VIVO Cannabis Inc (ABCCF) | $164.13 Million | 16.36% | 0.09x | $148.26 Million |
| Associated Capital Group Inc (AC) | $913.08 Million | 4.10% | 0.03x | $42.54 Million |
| Adrian Resources Ltd (ADLRF) | $788.86 Million | 18.29% | 0.62x | $609.82 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $190.80 Million | 139.32% | 0.02x | $73.68K |
| AGF Management Limited (AGFMF) | $908.07 Million | 4.67% | 0.50x | $298.43 Million |
| Agronomics Limited (AGNMF) | $157.27 Million | -6.99% | 0.00x | $57.14 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $8.00 Million | -83.04% | 0.47x | $2.71 Million |