vs
Side-by-side financial comparison of ACUITY INC. (DE) (AYI) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
ACUITY INC. (DE) is the larger business by last-quarter revenue ($1.1B vs $586.5M, roughly 2.0× StepStone Group Inc.). ACUITY INC. (DE) runs the higher net margin — 10.5% vs -21.0%, a 31.6% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 20.2%). ACUITY INC. (DE) produced more free cash flow last quarter ($114.8M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 12.4%).
Squarespace, Inc. is an American website building and hosting company based in New York City. It provides software as a service for website building and hosting, and allows users to use pre-built website templates and drag-and-drop elements to create and modify webpages.
Rosetta Stone Inc. is an American education technology software company that develops language, literacy and brain-fitness software. Best known for its language-learning products, in 2013, the company expanded beyond language into education-technology with its acquisitions of Livemocha, Lexia Learning, Fit Brains, and Tell Me More. In 2021, it became a subsidiary of IXL Learning.
AYI vs STEP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $1.1B | $586.5M |
| Net Profit | $120.5M | $-123.5M |
| Gross Margin | 48.4% | — |
| Operating Margin | 14.0% | -33.2% |
| Net Margin | 10.5% | -21.0% |
| Revenue YoY | 20.2% | 73.0% |
| Net Profit YoY | 12.9% | 35.7% |
| EPS (diluted) | $3.82 | $-1.55 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $1.1B | $586.5M | ||
| Q3 25 | $1.2B | $454.2M | ||
| Q2 25 | $1.2B | $364.3M | ||
| Q1 25 | $1.0B | $377.7M | ||
| Q4 24 | $951.6M | $339.0M | ||
| Q3 24 | $1.0B | $271.7M | ||
| Q2 24 | $968.1M | $186.4M | ||
| Q1 24 | $905.9M | $356.8M |
| Q4 25 | $120.5M | $-123.5M | ||
| Q3 25 | $114.0M | $-366.1M | ||
| Q2 25 | $98.4M | $-38.4M | ||
| Q1 25 | $77.5M | $-18.5M | ||
| Q4 24 | $106.7M | $-192.0M | ||
| Q3 24 | $118.9M | $17.6M | ||
| Q2 24 | $113.9M | $13.3M | ||
| Q1 24 | $89.2M | $30.8M |
| Q4 25 | 48.4% | — | ||
| Q3 25 | 48.9% | — | ||
| Q2 25 | 48.4% | — | ||
| Q1 25 | 46.5% | — | ||
| Q4 24 | 47.2% | — | ||
| Q3 24 | 47.3% | — | ||
| Q2 24 | 46.7% | — | ||
| Q1 24 | 45.5% | — |
| Q4 25 | 14.0% | -33.2% | ||
| Q3 25 | 14.9% | -148.8% | ||
| Q2 25 | 11.9% | -5.6% | ||
| Q1 25 | 11.0% | 2.6% | ||
| Q4 24 | 14.0% | -101.7% | ||
| Q3 24 | 15.2% | 21.3% | ||
| Q2 24 | 15.0% | 29.4% | ||
| Q1 24 | 13.0% | 26.5% |
| Q4 25 | 10.5% | -21.0% | ||
| Q3 25 | 9.4% | -80.6% | ||
| Q2 25 | 8.3% | -10.5% | ||
| Q1 25 | 7.7% | -4.9% | ||
| Q4 24 | 11.2% | -56.6% | ||
| Q3 24 | 11.5% | 6.5% | ||
| Q2 24 | 11.8% | 7.2% | ||
| Q1 24 | 9.8% | 8.6% |
| Q4 25 | $3.82 | $-1.55 | ||
| Q3 25 | $3.61 | $-4.66 | ||
| Q2 25 | $3.12 | $-0.49 | ||
| Q1 25 | $2.45 | $-0.37 | ||
| Q4 24 | $3.35 | $-2.61 | ||
| Q3 24 | $3.77 | $0.26 | ||
| Q2 24 | $3.62 | $0.20 | ||
| Q1 24 | $2.84 | $0.47 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $376.1M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $2.8B | $-378.8M |
| Total Assets | $4.7B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $376.1M | — | ||
| Q3 25 | $422.5M | — | ||
| Q2 25 | $371.8M | — | ||
| Q1 25 | $397.9M | — | ||
| Q4 24 | $935.6M | — | ||
| Q3 24 | $845.8M | — | ||
| Q2 24 | $699.0M | — | ||
| Q1 24 | $578.9M | — |
| Q4 25 | — | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | — | $269.3M | ||
| Q4 24 | — | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M | ||
| Q1 24 | — | $148.8M |
| Q4 25 | $2.8B | $-378.8M | ||
| Q3 25 | $2.7B | $-233.5M | ||
| Q2 25 | $2.6B | $153.9M | ||
| Q1 25 | $2.5B | $179.4M | ||
| Q4 24 | $2.5B | $209.8M | ||
| Q3 24 | $2.4B | $397.5M | ||
| Q2 24 | $2.3B | $366.9M | ||
| Q1 24 | $2.1B | $324.5M |
| Q4 25 | $4.7B | $5.2B | ||
| Q3 25 | $4.8B | $5.3B | ||
| Q2 25 | $4.6B | $4.8B | ||
| Q1 25 | $4.6B | $4.6B | ||
| Q4 24 | $3.9B | $4.3B | ||
| Q3 24 | $3.8B | $4.0B | ||
| Q2 24 | $3.6B | $3.8B | ||
| Q1 24 | $3.5B | $3.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | — | 0.46× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $140.8M | $27.2M |
| Free Cash FlowOCF − Capex | $114.8M | $26.7M |
| FCF MarginFCF / Revenue | 10.0% | 4.6% |
| Capex IntensityCapex / Revenue | 2.3% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.17× | — |
| TTM Free Cash FlowTrailing 4 quarters | $534.5M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $140.8M | $27.2M | ||
| Q3 25 | $202.5M | $16.2M | ||
| Q2 25 | $207.3M | $46.3M | ||
| Q1 25 | $59.4M | $-66.5M | ||
| Q4 24 | $132.2M | $27.6M | ||
| Q3 24 | $174.1M | $53.7M | ||
| Q2 24 | $152.5M | $50.2M | ||
| Q1 24 | $102.6M | $7.6M |
| Q4 25 | $114.8M | $26.7M | ||
| Q3 25 | $177.7M | $15.9M | ||
| Q2 25 | $192.3M | $45.2M | ||
| Q1 25 | $49.7M | $-69.2M | ||
| Q4 24 | $113.3M | $27.0M | ||
| Q3 24 | $151.1M | $52.4M | ||
| Q2 24 | $140.5M | $49.6M | ||
| Q1 24 | $88.2M | $6.7M |
| Q4 25 | 10.0% | 4.6% | ||
| Q3 25 | 14.7% | 3.5% | ||
| Q2 25 | 16.3% | 12.4% | ||
| Q1 25 | 4.9% | -18.3% | ||
| Q4 24 | 11.9% | 8.0% | ||
| Q3 24 | 14.6% | 19.3% | ||
| Q2 24 | 14.5% | 26.6% | ||
| Q1 24 | 9.7% | 1.9% |
| Q4 25 | 2.3% | 0.1% | ||
| Q3 25 | 2.1% | 0.1% | ||
| Q2 25 | 1.3% | 0.3% | ||
| Q1 25 | 1.0% | 0.7% | ||
| Q4 24 | 2.0% | 0.2% | ||
| Q3 24 | 2.2% | 0.5% | ||
| Q2 24 | 1.2% | 0.3% | ||
| Q1 24 | 1.6% | 0.3% |
| Q4 25 | 1.17× | — | ||
| Q3 25 | 1.78× | — | ||
| Q2 25 | 2.11× | — | ||
| Q1 25 | 0.77× | — | ||
| Q4 24 | 1.24× | — | ||
| Q3 24 | 1.46× | 3.05× | ||
| Q2 24 | 1.34× | 3.76× | ||
| Q1 24 | 1.15× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
AYI
| Sales Channel Through Independent Sales Network | $616.7M | 54% |
| Acuity Intelligent Spaces | $248.1M | 22% |
| QSCLLC | $95.1M | 8% |
| Sales Channel Through Direct Sales Network | $70.6M | 6% |
| Sales Channel Through Original Equipment Manufacturer And Other | $49.1M | 4% |
| Sales Channel Through Corporate Accounts Network | $40.7M | 4% |
| Sales Channel Through Retail | $40.3M | 4% |
STEP
| Other | $210.1M | 36% |
| Management And Advisory Fees Net Focused Commingled Funds | $143.3M | 24% |
| Carried Interest Allocation Focused Commingled Funds | $85.1M | 15% |
| Carried Interest Allocation Separately Managed Accounts | $63.6M | 11% |
| Carried Interest Allocation Realized | $46.7M | 8% |
| Management And Advisory Fees Net Advisory And Other Services | $18.3M | 3% |
| Legacy Carried Interest Allocation Focused Commingled Funds | $10.3M | 2% |
| Income Based Incentive Fees | $6.0M | 1% |
| Management And Advisory Fees Net Fund Reimbursement Revenues | $3.1M | 1% |
