StepStone Group Inc. (STEP) intrinsic value & 10-year financials
StepStone Group Inc. (STEP) has a Graham intrinsic value of $30.23 per share. At $41.64 on Oct 17, 2026, the stock trades 38% above that value. Over the last 9 fiscal years revenue grew 34.0% a year to $2.0B, with an average return on invested capital of -45.3%.
- Graham intrinsic value
- $30.23
- Share price (Oct 17, 2026)
- $41.64
- Price vs Graham value
- 38% above
- Market cap
- $3.3B
- Revenue (FY2026)
- $2.0B
- Revenue growth (9-yr CAGR)
- 34.0%
- ROIC (10-yr avg)
- -45.3%
- Free cash flow (FY2026)
- $63.9M
STEP 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2026 | $2.0B | -$535.8M | -$6.78 | $63.9M | — | -337.4% |
| FY2025 | $1.2B | -$179.6M | -$2.52 | $59.8M | — | -79.8% |
| FY2024 | $711.6M | $58.1M | $0.91 | $141.9M | — | 11.3% |
| FY2023 | -$67.6M | -$18.4M | -$0.30 | $145.6M | — | -2.4% |
| FY2022 | $1.4B | $193.9M | $3.84 | $212.2M | — | 46.5% |
| FY2021 | $787.7M | $62.6M | $2.06 | $148.0M | — | 90.1% |
| FY2020 | $446.6M | $0 | — | $65.1M | — | — |
| FY2019 | $256.3M | $0 | — | $48.4M | — | — |
| FY2018 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
StepStone Group Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
StepStone Group Inc. returns on capital have been average, hovering around 10.4% ROIC over the decade.
StepStone Group Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, StepStone Group Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $30.23 per share.