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StepStone Group's gross profit for the
three
months ended in Mar. 2026 was $228 Mil. StepStone Group's gross profit for the trailing twelve months (TTM) ended in Mar. 2026 was $906 Mil.
Gross Margin % is calculated as gross profit divided by its revenue. StepStone Group's gross profit for the
three
months ended in Mar. 2026 was $228 Mil. StepStone Group's Revenue for the
three
months ended in Mar. 2026 was $589 Mil. Therefore, StepStone Group's Gross Margin % for the quarter that ended in Mar. 2026 was 38.76%.
StepStone Group had a gross margin of 38.76% for the quarter that ended in Mar. 2026 => Competition eroding margins
During the past 9 years, the highestGross Margin % of StepStone Group was 53.60%. The lowest was -253.95%. And the median was 45.44%.
StepStone Group (NAS:STEP) Gross Profit Explanation
Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.
Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %
1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key
StepStone Group had a gross margin of 38.76% for the quarter that ended in Mar. 2026 => Competition eroding margins
StepStone Group Gross Profit Related Terms
StepStone Group Gross Profit Historical Data
* Premium members only.
The historical data trend for StepStone Group's Gross Profit can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Asset Management subindustry, StepStone Group's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
StepStone Group Gross Profit vs Asset Management Industry
For the Asset Management industry and Financial Services sector, StepStone Group's Gross Profit distribution charts can be found below:
* The bar in red indicates where StepStone Group's Gross Profit falls into.
Gross Profit for the trailing twelve months (TTM) ended in Mar. 2026 adds up the quarterly data reported by the company within the most recent 12 months, which was $906 Mil.
Gross Profit is the numerator in the calculation of Gross Margin.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.
StepStone Group (STEP) has a Gross Profit of $906 Mil as of Mar. 2026. Gross Profit equals net sales less total cost of goods sold. View historical data on StepStone Group and its competitors.
Is StepStone Group's Gross Profit too high?
StepStone Group's current Gross Profit is $906 Mil. Overall, StepStone Group has a GF Score™ of 48/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's Gross Profit compare to CSQ and GBDC?
StepStone Group's Gross Profit of $906 Mil can be compared against companies in the Asset Management industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Gross Profit for an Asset Management company?
A good Gross Profit depends on the Asset Management industry context. However, Gross Profit should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Gross Profit mean?
A high Gross Profit can signal that a stock is expensive relative to its fundamentals. Gross Profit equals net sales less total cost of goods sold. View historical data on StepStone Group and its competitors. StepStone Group's current Gross Profit is $906 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $90.22, compared to a current price of $43.58 — trading 51.7% below its estimated fair value. The current Gross Profit is $906 Mil. StepStone Group's overall GF Score™ is 48/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Gross Profit calculated?
Gross Profit is calculated from a company's financial statements. For StepStone Group (STEP), the current Gross Profit is $906 Mil as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is StepStone Group (STEP) Overvalued in 2026?
Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued.
The current stock price of $43.58 is trading 51.7% below its estimated GF Value™ of $90.22.
GuruFocus considers StepStone Group to be Possible Value Trap.
Key valuation signals for STEP:
Gross Profit: $906 Mil
GF Value™: $90.22 vs. price of $43.58 (51.7% below fair value)
No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
48GF Score
Get the complete analysis for STEP
Gross Profit is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
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