Stepstone Group Inc (STEP) - Net Assets
Based on the latest financial reports, Stepstone Group Inc (STEP) has net assets worth $1.24 Billion USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($7.77 Billion) and total liabilities ($6.53 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. Check Stepstone Group Inc (STEP) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $1.24 Billion |
| % of Total Assets | 15.96% |
| Annual Growth Rate | 26.21% |
| 5-Year Change | -51.43% |
| 10-Year Change | N/A |
| Growth Volatility | 80.97 |
Stepstone Group Inc - Net Assets Trend (2018–2026)
This chart illustrates how Stepstone Group Inc's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Stepstone Group Inc worth.
Annual Net Assets for Stepstone Group Inc (2018–2026)
The table below shows the annual net assets of Stepstone Group Inc from 2018 to 2026. Also explore Stepstone Group Inc (STEP) equity growth momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2026-03-31 | $886.03 Million | -50.07% |
| 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 834.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2026)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $120.00K | % |
| Other Comprehensive Income | $1.14 Million | % |
| Other Components | $482.06 Million | % |
| Total Equity | $-413.56 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 |
|---|---|
|
Xinfengming Group Co Ltd
SHG:603225
|
$4.07 Billion |
|
GCL Energy Technology Co Ltd
SHE:002015
|
$4.07 Billion |
|
Grupo Aeroportuario del Centro Norte SAB de CV
NASDAQ:OMAB
|
$4.08 Billion |
|
China Southern Power Grid Technology Co Ltd
SHG:688248
|
$4.08 Billion |
|
Financière Amuse TopCo SAS
ST:ASMDEE-B
|
$4.07 Billion |
|
HUB24 Ltd
AU:HUB
|
$4.06 Billion |
|
Silgan Holdings Inc
NYSE:SLGN
|
$4.06 Billion |
|
Selcuk Ecza Deposu Ticaret ve Sanayi AS
IS:SELEC
|
$4.06 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 2025 to 2026, total equity changed from 179,356,000 to -413,559,000, a change of -592,915,000 (-330.6%).
- Net loss of 521,357,000 reduced equity.
- Dividend payments of 117,764,000 reduced retained earnings.
- Share repurchases of 8,715,000 reduced equity.
- Other comprehensive income increased equity by 415,000.
- Other factors increased equity by 54,506,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-521.36 Million | -126.07% |
| Dividends Paid | $117.76 Million | -28.48% |
| Share Repurchases | $8.71 Million | -2.11% |
| Other Comprehensive Income | $415.00K | +0.1% |
| Other Changes | $54.51 Million | +13.18% |
| Total Change | $- | -330.58% |
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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-03-31 | $15.91 | $49.41 | x |
| 2019-03-31 | $4.40 | $49.41 | x |
| 2020-03-31 | $8.13 | $49.41 | x |
| 2021-03-31 | $7.50 | $49.41 | x |
| 2022-03-31 | $15.25 | $49.41 | x |
| 2023-03-31 | $12.47 | $49.41 | x |
| 2024-03-31 | $4.88 | $49.41 | x |
| 2025-03-31 | $2.52 | $49.41 | x |
| 2026-03-31 | $-5.15 | $49.41 | 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.15%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is below the historical average (9.43%), 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 |
| 2026 | 0.00% | -26.15% | 0.29x | 0.00x | $-480.00 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: $743,164,311
- Average return on equity (ROE) among peers: 10.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Stepstone Group Inc (STEP) | $1.24 Billion | 17.50% | 5.27x | $4.07 Billion |
| Acadian Asset Management Inc (AAMI) | $198.40 Million | 112.85% | 6.16x | $3.10 Billion |
| AllianceBernstein Holding L.P. (AB) | $1.63 Billion | 10.97% | 0.00x | $3.28 Billion |
| Associated Capital Group Inc (AC) | $651.26 Million | 0.46% | 0.16x | $78.56 Million |
| Abrdn Emerging Markets Equity Income Fund Inc (AEF) | $143.60 Million | 58.18% | 0.22x | $265.69 Million |
| AFC Gamma Inc (AFCG) | $320.05 Million | 6.55% | 0.46x | $79.12 Million |
| AgriFORCE Growing Systems Ltd (AGRI) | $-40.08K | 0.00% | 0.00x | $194.14 Million |
| Alpha Compute Corp (ALP) | $5.74 Million | 8.75% | 0.01x | $5.62 Million |
| Alvarium Tiedemann Holdings Inc. (ALTI) | $75.99 Million | 5.18% | 0.76x | $323.28 Million |
| Amber International Holding Limited (AMBR) | $24.63 Million | -110.98% | 5.89x | $92.17 Million |
| Affiliated Managers Group, Inc. (AMG) | $4.38 Billion | 12.90% | 1.02x | $9.19 Billion |
About 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