Step One Clothing (ASX:STP) Net Income: A$-4.00 Mil (TTM As of Dec. 2025)


ASX:STP Step One Clothing Ltd ASX:STP
35 GF Score
Price A$0.14
GF Value A$0.64
Valuation Significantly Undervalued
! 3 Warning Signs
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What is Step One Clothing Net Income?

Step One Clothing ASX:STP +3.70% 35 Net Income is A$-4.00 Mil as of Dec. 2025. GuruFocus rates ASX:STP with a GF Score™ of 35/100 and a GF Value™ of A$0.64 (Significantly Undervalued). The stock has 3 warning signs investors should review.

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax. Step One Clothing's Net Income for the six months ended in Dec. 2025 was A$-8.47 Mil. Its Net Income for the trailing twelve months (TTM) ended in Dec. 2025 was A$-4.00 Mil.

Net Income is linked to the most popular Earnings per Share (Diluted) number. Step One Clothing's Earnings per Share (Diluted) for the six months ended in Dec. 2025 was A$-0.05.


Step One Clothing  (ASX:STP) Net Income Explanation

Net Income is the most widely cited number in reporting a company's profitability. It is linked to the most popular earnings-per-share (EPS) number through:

Step One Clothing's Earnings per Share (Diluted) (EPS) for the quarter that ended in Dec. 2025 is calculated as

* 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.

Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.

EPS is most useful for companies that have:

A predictable business
Consistent accounting methods
And few restructurings

The dividend paid to preferred stocks needs to be subtracted from the total net income in the calculation of EPS because common stock holders are not entitled to that part of the net income.


Be Aware

Warren Buffett looks for consistency and upward long term trend. Because of share repurchase it is possible for net earnings trend to differ from EPS trend. He preferred Net Income over EPS. The companies with durable competitive advantage companies report higher % net earnings to total revenues.

Important: If a company is showing net earnings history greater than 20% on total revenues, it is probably benefiting from a long term competitive advantage.

If net earnings is less than 10%, likely to be in a highly competitive business.


Step One Clothing Net Income Related Terms


Step One Clothing Net Income Historical Data

* Premium members only.

The historical data trend for Step One Clothing's Net Income 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.

Step One Clothing Net Income Chart

Step One Clothing Annual Data
Trend Jun21 Jun22 Jun23 Jun24 Jun25
Net Income
0.00 -3.00 8.62 12.40 12.65

Step One Clothing Semi-Annual Data
Jun21 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
Net Income Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.11 5.29 8.18 4.47 -8.47
ASX:STP
35GF Score
Step One Clothing Ltd ASX:STP
Net Income is just one metric. See GF Score™, valuation, warning signs, and more.
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Step One Clothing Net Income Calculation

Net Income is the net profit that a company earns after deducting all costs and losses including cost of goods, SGA, DDA, interest expenses, non-recurring items and tax.

Net Income
= Revenue - Cost of Goods Sold - Selling, General, & Admin. Expense - Research & Development - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= EBITDA - Depreciation, Depletion and Amortization - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Operating Income - Interest Expense - Non Operating Income (NRI) - Tax Expense + Others
= Pre-Tax Income - Tax Expense + Others

Step One Clothing's Net Income for the fiscal year that ended in Jun. 2025 is calculated as

Net Income(A: Jun. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=18.318+-5.667+0+-1.7763568394003E-15
=12.65

Step One Clothing's Net Income for the quarter that ended in Dec. 2025 is calculated as

Net Income(Q: Dec. 2025 )
= Pre-Tax Income + Tax Provision + Net Income (Discontinued Operations) + Others
=-9.908+1.44+0+0
=-8.47

Net Income for the trailing twelve months (TTM) ended in Dec. 2025 adds up the semi-annually data reported by the company within the most recent 12 months, which was A$-4.00 Mil.

* 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.

Frequently Asked Questions Learn more about Net Income →
What does a Net Income of A$-4.00 Mil mean?
Step One Clothing (ASX:STP) has a Net Income of A$-4.00 Mil as of Dec. 2025. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Step One Clothing and its competitors.
Is Step One Clothing's Net Income too high?
Step One Clothing's current Net Income is A$-4.00 Mil. Overall, Step One Clothing has a GF Score™ of 35/100 and is considered Significantly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Step One Clothing's Net Income compare to TJX and ROST?
Step One Clothing's Net Income of A$-4.00 Mil can be compared against companies in the Retail - Cyclical industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Income for a Retail - Cyclical company?
A good Net Income depends on the Retail - Cyclical industry context. However, Net Income 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 Net Income mean?
A high Net Income can signal that a stock is expensive relative to its fundamentals. Net Income is the total earnings after all operating expenses, interest and taxes. View historical data on Step One Clothing and its competitors. Step One Clothing's current Net Income is A$-4.00 Mil. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Step One Clothing stock overvalued right now?
Based on GuruFocus' analysis, Step One Clothing (ASX:STP) is currently considered Significantly Undervalued. The stock's GF Value™ is A$0.64, compared to a current price of A$0.14 — trading 78.1% below its estimated fair value. The current Net Income is A$-4.00 Mil. Step One Clothing's overall GF Score™ is 35/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Income calculated?
Net Income is calculated from a company's financial statements. For Step One Clothing (ASX:STP), the current Net Income is A$-4.00 Mil as of Dec. 2025. 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 Step One Clothing (ASX:STP) Overvalued in 2026?

Based on GuruFocus' analysis, Step One Clothing stock appears to be undervalued. The current stock price of A$0.14 is trading 78.1% below its estimated GF Value™ of A$0.64. GuruFocus considers Step One Clothing to be Significantly Undervalued.

Key valuation signals for ASX:STP:

  • Net Income: A$-4.00 Mil
  • GF Value™: A$0.64 vs. price of A$0.14 (78.1% below fair value)
  • GF Score™: 35/100 with 3 warning signs

No single metric tells the full story. See the ASX:STP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Step One Clothing Business Description

Other Exchanges J6H:Germany
Address 120 Chalmers Street, Surry Hills, Level 2, Sydney, NSW, AUS, 2010
Step One Clothing Ltd is a direct-to-consumer online retailer for men's undergarments. Its products comprise Boxer Brief, Trunks, and Boxer Breif+Fly. Its group is organized into three operating segments, being online retail sales for Australia, the United Kingdom, and the United States of America, however, these segments are aggregated into one reportable segment.
35GF Score

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Net Income is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

A$0.14
Price
A$0.64
GF Value