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Side-by-side financial comparison of Datadog (DDOG) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Datadog is the larger business by last-quarter revenue ($953.2M vs $586.5M, roughly 1.6× StepStone Group Inc.). Datadog runs the higher net margin — 4.9% vs -21.0%, a 25.9% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 29.2%). Datadog produced more free cash flow last quarter ($318.2M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 24.9%).
Datadog, Inc. is an American company that provides an observability service for cloud-scale applications, providing monitoring of servers, databases, tools, and services, through a SaaS-based data analytics platform. Founded and headquartered in New York City, the company is a publicly traded entity on the Nasdaq stock exchange.
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.
DDOG vs STEP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $953.2M | $586.5M |
| Net Profit | $46.6M | $-123.5M |
| Gross Margin | 80.4% | — |
| Operating Margin | 1.0% | -33.2% |
| Net Margin | 4.9% | -21.0% |
| Revenue YoY | 29.2% | 73.0% |
| Net Profit YoY | 2.1% | 35.7% |
| EPS (diluted) | $0.13 | $-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 | $953.2M | $586.5M | ||
| Q3 25 | $885.7M | $454.2M | ||
| Q2 25 | $826.8M | $364.3M | ||
| Q1 25 | $761.6M | $377.7M | ||
| Q4 24 | $737.7M | $339.0M | ||
| Q3 24 | $690.0M | $271.7M | ||
| Q2 24 | $645.3M | $186.4M | ||
| Q1 24 | $611.3M | $356.8M |
| Q4 25 | $46.6M | $-123.5M | ||
| Q3 25 | $33.9M | $-366.1M | ||
| Q2 25 | $2.6M | $-38.4M | ||
| Q1 25 | $24.6M | $-18.5M | ||
| Q4 24 | $45.6M | $-192.0M | ||
| Q3 24 | $51.7M | $17.6M | ||
| Q2 24 | $43.8M | $13.3M | ||
| Q1 24 | $42.6M | $30.8M |
| Q4 25 | 80.4% | — | ||
| Q3 25 | 80.1% | — | ||
| Q2 25 | 79.9% | — | ||
| Q1 25 | 79.3% | — | ||
| Q4 24 | 80.5% | — | ||
| Q3 24 | 80.0% | — | ||
| Q2 24 | 80.9% | — | ||
| Q1 24 | 82.0% | — |
| Q4 25 | 1.0% | -33.2% | ||
| Q3 25 | -0.7% | -148.8% | ||
| Q2 25 | -4.3% | -5.6% | ||
| Q1 25 | -1.6% | 2.6% | ||
| Q4 24 | 1.3% | -101.7% | ||
| Q3 24 | 2.9% | 21.3% | ||
| Q2 24 | 2.0% | 29.4% | ||
| Q1 24 | 2.0% | 26.5% |
| Q4 25 | 4.9% | -21.0% | ||
| Q3 25 | 3.8% | -80.6% | ||
| Q2 25 | 0.3% | -10.5% | ||
| Q1 25 | 3.2% | -4.9% | ||
| Q4 24 | 6.2% | -56.6% | ||
| Q3 24 | 7.5% | 6.5% | ||
| Q2 24 | 6.8% | 7.2% | ||
| Q1 24 | 7.0% | 8.6% |
| Q4 25 | $0.13 | $-1.55 | ||
| Q3 25 | $0.10 | $-4.66 | ||
| Q2 25 | $0.01 | $-0.49 | ||
| Q1 25 | $0.07 | $-0.37 | ||
| Q4 24 | $0.14 | $-2.61 | ||
| Q3 24 | $0.14 | $0.26 | ||
| Q2 24 | $0.12 | $0.20 | ||
| Q1 24 | $0.12 | $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 | $401.3M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $3.7B | $-378.8M |
| Total Assets | $6.6B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $401.3M | — | ||
| Q3 25 | $540.6M | — | ||
| Q2 25 | $489.0M | — | ||
| Q1 25 | $1.1B | — | ||
| Q4 24 | $1.2B | — | ||
| Q3 24 | $337.4M | — | ||
| Q2 24 | $411.0M | — | ||
| Q1 24 | $282.2M | — |
| 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 | $3.7B | $-378.8M | ||
| Q3 25 | $3.4B | $-233.5M | ||
| Q2 25 | $3.2B | $153.9M | ||
| Q1 25 | $2.9B | $179.4M | ||
| Q4 24 | $2.7B | $209.8M | ||
| Q3 24 | $2.6B | $397.5M | ||
| Q2 24 | $2.4B | $366.9M | ||
| Q1 24 | $2.2B | $324.5M |
| Q4 25 | $6.6B | $5.2B | ||
| Q3 25 | $6.1B | $5.3B | ||
| Q2 25 | $5.8B | $4.8B | ||
| Q1 25 | $6.0B | $4.6B | ||
| Q4 24 | $5.8B | $4.3B | ||
| Q3 24 | $4.6B | $4.0B | ||
| Q2 24 | $4.4B | $3.8B | ||
| Q1 24 | $4.1B | $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 | $327.1M | $27.2M |
| Free Cash FlowOCF − Capex | $318.2M | $26.7M |
| FCF MarginFCF / Revenue | 33.4% | 4.6% |
| Capex IntensityCapex / Revenue | 0.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 7.02× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.0B | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $327.1M | $27.2M | ||
| Q3 25 | $251.5M | $16.2M | ||
| Q2 25 | $200.1M | $46.3M | ||
| Q1 25 | $271.5M | $-66.5M | ||
| Q4 24 | $265.2M | $27.6M | ||
| Q3 24 | $228.7M | $53.7M | ||
| Q2 24 | $164.4M | $50.2M | ||
| Q1 24 | $212.3M | $7.6M |
| Q4 25 | $318.2M | $26.7M | ||
| Q3 25 | $234.7M | $15.9M | ||
| Q2 25 | $184.9M | $45.2M | ||
| Q1 25 | $262.8M | $-69.2M | ||
| Q4 24 | $257.5M | $27.0M | ||
| Q3 24 | $220.3M | $52.4M | ||
| Q2 24 | $160.0M | $49.6M | ||
| Q1 24 | $198.1M | $6.7M |
| Q4 25 | 33.4% | 4.6% | ||
| Q3 25 | 26.5% | 3.5% | ||
| Q2 25 | 22.4% | 12.4% | ||
| Q1 25 | 34.5% | -18.3% | ||
| Q4 24 | 34.9% | 8.0% | ||
| Q3 24 | 31.9% | 19.3% | ||
| Q2 24 | 24.8% | 26.6% | ||
| Q1 24 | 32.4% | 1.9% |
| Q4 25 | 0.9% | 0.1% | ||
| Q3 25 | 1.9% | 0.1% | ||
| Q2 25 | 1.8% | 0.3% | ||
| Q1 25 | 1.1% | 0.7% | ||
| Q4 24 | 1.1% | 0.2% | ||
| Q3 24 | 1.2% | 0.5% | ||
| Q2 24 | 0.7% | 0.3% | ||
| Q1 24 | 2.3% | 0.3% |
| Q4 25 | 7.02× | — | ||
| Q3 25 | 7.42× | — | ||
| Q2 25 | 75.58× | — | ||
| Q1 25 | 11.02× | — | ||
| Q4 24 | 5.82× | — | ||
| Q3 24 | 4.42× | 3.05× | ||
| Q2 24 | 3.75× | 3.76× | ||
| Q1 24 | 4.98× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DDOG
| North America | $678.7M | 71% |
| International | $274.5M | 29% |
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% |
