StepStone Group (STEP) Stock Price & Analysis
STEP Stock Chart & Stats
- Day’s Range
- MXN 802.00 - MXN 802.00
- 52-Week Range
- MXN 705.00 - MXN 1,256.00
- Previous Close
- MXN 802.00
- Volume
- 0
- Average Volume (3M)
- 0
- Market Cap
- MXN 98.01B
- Enterprise Value
- MXN 6.04B
- Total Cash (Recent Filing)
- MXN 201.17M
- Total Debt (Recent Filing)
- MXN 1.57B
- Price to Earnings (P/E)
- ―
- Beta
- -0.24
- Next Earnings
- Nov 05, 2026 (Est.)
- EPS Estimate
- 10.39
- Next Dividend Ex-Date
- N/A
- Dividend Yield
- 3.41%
Bulls Say, Bears Say
Bulls Say
Fee-related Earnings Growth
Strong fee-related earnings growth indicates expanding underlying profitability from recurring management and advisory activities. The 39% margin provides capacity to reinvest in distribution and products, while continued FRE growth could improve earnings quality as assets mature.
Fundraising And Fee-earning Asset Expansion
Robust fundraising and rising fee-earning assets strengthen StepStone’s long-term revenue base because management fees are tied to client capital and mandates. Broad AUM growth also expands future deployment opportunities and reinforces the firm’s private-markets distribution position.
Mature Accrued Carry Backlog
A large, growing accrued-carry balance provides embedded performance-fee potential beyond current management fees. Its concentration in older programs suggests a more mature investment base, supporting future realizations while diversifying earnings as investments generate exits and profits.
Bears Say
Negative Equity And Elevated Leverage
Negative equity combined with significant debt reduces financial flexibility and makes the balance sheet more sensitive to additional losses. This structure can constrain capital allocation, increase reliance on operating recovery, and heighten funding risk over the next several quarters.
Sustained Cash Burn
A sharp reversal to operating and free-cash-flow losses weakens the company’s ability to fund growth, distributions, and obligations internally. Continued cash burn would increase dependence on available liquidity, external funding, or balance-sheet actions until profitability improves.
Fee-rate Pressure
Lower or stagnant fee rates can limit revenue conversion even when assets grow, weakening operating leverage across the management platform. If the revised structures persist, StepStone may need stronger fundraising and investment performance merely to offset pressure on per-dollar AUM economics.
StepStone Group News
STEP FAQ
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StepStone Group Stock Smart Score
Company Description
StepStone Group
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, industry consolidation, recapitalization, buyout investments in mature and middle market companies. It prefers to invest in natural resources, technology, healthcare, services, materials, manufacturing, consumer durables, apparel, hotels, restaurants and leisure, media, retailing, power, utilities consumer staples, financials, telecommunication services, clean energy/renewables, transport, social, natural capital, infrastructure, corporate, real estate, credit and real asset. The firm invests globally with a focus on United States, North America, Europe, Asia, Latin America, Middle East, Africa, Brazil, Mexico, Argentina, Colombia, New Zealand, China, India, Korea, Japan, Taiwan, and Australia region. The firm invests between 5% and 40% in emerging markets. For fund of fund investment, it seeks to invest in private equity funds, venture capital funds, Special situation funds, Real estate funds, Infrastructure funds, mezzanine funds, and turnaround/distressed funds. It considers investments in both domestic and international funds. It also seeks to make co-investments and follow-on investments and considers partial interests in funds. The firm seeks to make minority and majority investments. StepStone Group Inc. was founded in 2007 and is based in New York, New York with additional offices across North America, South America, South Korea, Europe, Australia and Asia.
- Sector
- Financial
- Industry
- Asset Management
- CEO
- Scott Hart
- Employees
- 1,355
- Website
- www.stepstonegroup.com
- Address
- 277 Park Avenue, New York, NY, 10172, US
StepStone Group (STEP) Earnings & Revenues
STEP Company Deck
STEP Earnings Call
Earnings Call SentimentPositive
The call highlighted robust growth in core operating metrics — fee revenue (+27% YoY), fee-related earnings (+30% YoY), record fundraising, strong Private Wealth momentum, meaningful accrued carry, and capital returns (dividend increase and buybacks). Offsetting items include a GAAP net loss driven by accounting for the Private Wealth buy-in, near-term fee-rate pressure from changed secondaries fee structures, expense increases, the timing variability of performance fees, and complexity/capital requirements associated with the upcoming Private Wealth buy-in. On balance, the positives — durable FRE growth, strong fundraising and product performance, and a mature accrued carry backlog — materially outweigh the near-term accounting and execution complexities.
View all MX:STEP earnings summariesSTEP Stock 12 Month Forecast
Average Price Target
Technical Analysis
Overall Consensus
| Indicator | Bullish | Neutral | Bearish |
|---|---|---|---|
| Overall Consensus | 5 | 5 | 11 |
| Technical Analysis | 2 | 5 | 2 |
| Moving Averages | 3 | 0 | 9 |
