Net margin is calculated as Net Income divided by its Revenue. StepStone Group's Net Income for the
three
months ended in Mar. 2026 was $-8 Mil. StepStone Group's Revenue for the
three
months ended in Mar. 2026 was $589 Mil. Therefore, StepStone Group's net margin for the quarter that ended in Mar. 2026 was -1.32%.
The historical rank and industry rank for StepStone Group's Net Margin % or its related term are showing as below:
STEP'
s Net Margin % Range Over the Past 10 Years
Min: -26.88 Med: 8.16 Max: 30.82
Current: -26.88
STEP's Net Margin % is ranked worse than 88.9% of 1576
companies
in the Asset Management industry
Industry Median: 84.895
vs STEP: -26.88
StepStone Group (NAS:STEP) Net Margin % Explanation
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.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
StepStone Group Net Margin % Related Terms
StepStone Group Net Margin % Historical Data
* Premium members only.
The historical data trend for StepStone Group's Net Margin % 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 Net Margin %, along with its competitors' market caps and Net Margin % 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 Net Margin % vs Asset Management Industry
For the Asset Management industry and Financial Services sector, StepStone Group's Net Margin % distribution charts can be found below:
* The bar in red indicates where StepStone Group's Net Margin % falls into.
* 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.
StepStone Group (STEP) has a Net Margin % of -1.32% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on StepStone Group and its competitors. According to the industry distribution chart, StepStone Group ranks #1401 out of 1576 companies in the Asset Management industry, placing it in the top 88.9%.
Is StepStone Group's Net Margin % too high?
StepStone Group's current Net Margin % is -1.32%. Based on the distribution chart, StepStone Group ranks #1401 out of 1576 companies in the Asset Management industry, which is in the bottom quartile relative to peers. Overall, StepStone Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's Net Margin % compare to DNP and UTG?
According to the Asset Management industry distribution chart, StepStone Group ranks #1401 out of 1576 companies for Net Margin %. This places StepStone Group in the lower half of its industry. The industry median Net Margin % is 84.90. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Asset Management company?
The median Net Margin % among Asset Management companies is 84.90, based on 1,576 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % 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 Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on StepStone Group and its competitors. For the Asset Management industry, the median Net Margin % is 84.90 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StepStone Group's current Net Margin % is -1.32%. 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 $90.75, compared to a current price of $39.54 — trading 56.4% below its estimated fair value. The current Net Margin % is -1.32%. StepStone Group's overall GF Score™ is 50/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For StepStone Group (STEP), the current Net Margin % is -1.32% 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 $39.54 is trading 56.4% below its estimated GF Value™ of $90.75.
GuruFocus considers StepStone Group to be Possible Value Trap.
Key valuation signals for STEP:
Net Margin %: -1.32%
GF Value™: $90.75 vs. price of $39.54 (56.4% 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.
50GF Score
Get the complete analysis for STEP
Net Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
STEP has been successfully added to your 
