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Side-by-side financial comparison of DIODES INC (DIOD) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $391.6M, roughly 1.5× DIODES INC). DIODES INC runs the higher net margin — 2.6% vs -21.0%, a 23.7% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 15.4%). StepStone Group Inc. produced more free cash flow last quarter ($26.7M vs $12.4M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 13.9%).
Diodes Incorporated is a global semiconductor manufacturer that designs, produces and supplies discrete, analog and mixed-signal semiconductor products. Its solutions serve key end markets including automotive, industrial, consumer electronics, personal computing and communications infrastructure, with a worldwide customer base.
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.
DIOD vs STEP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $391.6M | $586.5M |
| Net Profit | $10.2M | $-123.5M |
| Gross Margin | 31.1% | — |
| Operating Margin | 3.4% | -33.2% |
| Net Margin | 2.6% | -21.0% |
| Revenue YoY | 15.4% | 73.0% |
| Net Profit YoY | 23.8% | 35.7% |
| EPS (diluted) | $0.23 | $-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 | $391.6M | $586.5M | ||
| Q3 25 | $392.2M | $454.2M | ||
| Q2 25 | $366.2M | $364.3M | ||
| Q1 25 | $332.1M | $377.7M | ||
| Q4 24 | $339.3M | $339.0M | ||
| Q3 24 | $350.1M | $271.7M | ||
| Q2 24 | $319.8M | $186.4M | ||
| Q1 24 | $302.0M | $356.8M |
| Q4 25 | $10.2M | $-123.5M | ||
| Q3 25 | $14.3M | $-366.1M | ||
| Q2 25 | $46.1M | $-38.4M | ||
| Q1 25 | $-4.4M | $-18.5M | ||
| Q4 24 | $8.2M | $-192.0M | ||
| Q3 24 | $13.7M | $17.6M | ||
| Q2 24 | $8.0M | $13.3M | ||
| Q1 24 | $14.0M | $30.8M |
| Q4 25 | 31.1% | — | ||
| Q3 25 | 30.7% | — | ||
| Q2 25 | 31.5% | — | ||
| Q1 25 | 31.5% | — | ||
| Q4 24 | 32.7% | — | ||
| Q3 24 | 33.7% | — | ||
| Q2 24 | 33.6% | — | ||
| Q1 24 | 33.0% | — |
| Q4 25 | 3.4% | -33.2% | ||
| Q3 25 | 3.0% | -148.8% | ||
| Q2 25 | 2.6% | -5.6% | ||
| Q1 25 | 0.4% | 2.6% | ||
| Q4 24 | 3.5% | -101.7% | ||
| Q3 24 | 6.2% | 21.3% | ||
| Q2 24 | 1.2% | 29.4% | ||
| Q1 24 | 4.3% | 26.5% |
| Q4 25 | 2.6% | -21.0% | ||
| Q3 25 | 3.6% | -80.6% | ||
| Q2 25 | 12.6% | -10.5% | ||
| Q1 25 | -1.3% | -4.9% | ||
| Q4 24 | 2.4% | -56.6% | ||
| Q3 24 | 3.9% | 6.5% | ||
| Q2 24 | 2.5% | 7.2% | ||
| Q1 24 | 4.6% | 8.6% |
| Q4 25 | $0.23 | $-1.55 | ||
| Q3 25 | $0.31 | $-4.66 | ||
| Q2 25 | $0.99 | $-0.49 | ||
| Q1 25 | $-0.10 | $-0.37 | ||
| Q4 24 | $0.18 | $-2.61 | ||
| Q3 24 | $0.30 | $0.26 | ||
| Q2 24 | $0.17 | $0.20 | ||
| Q1 24 | $0.30 | $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 | $377.0M | — |
| Total DebtLower is stronger | $25.7M | $270.2M |
| Stockholders' EquityBook value | $1.9B | $-378.8M |
| Total Assets | $2.4B | $5.2B |
| Debt / EquityLower = less leverage | 0.01× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $377.0M | — | ||
| Q3 25 | $386.4M | — | ||
| Q2 25 | $327.3M | — | ||
| Q1 25 | $343.9M | — | ||
| Q4 24 | $316.1M | — | ||
| Q3 24 | $319.3M | — | ||
| Q2 24 | $273.9M | — | ||
| Q1 24 | $276.0M | — |
| Q4 25 | $25.7M | $270.2M | ||
| Q3 25 | $24.9M | $269.9M | ||
| Q2 25 | $26.4M | $269.6M | ||
| Q1 25 | $20.5M | $269.3M | ||
| Q4 24 | $20.7M | $168.9M | ||
| Q3 24 | $22.2M | $172.3M | ||
| Q2 24 | $20.3M | $172.1M | ||
| Q1 24 | $20.9M | $148.8M |
| Q4 25 | $1.9B | $-378.8M | ||
| Q3 25 | $1.9B | $-233.5M | ||
| Q2 25 | $1.9B | $153.9M | ||
| Q1 25 | $1.8B | $179.4M | ||
| Q4 24 | $1.8B | $209.8M | ||
| Q3 24 | $1.8B | $397.5M | ||
| Q2 24 | $1.8B | $366.9M | ||
| Q1 24 | $1.7B | $324.5M |
| Q4 25 | $2.4B | $5.2B | ||
| Q3 25 | $2.5B | $5.3B | ||
| Q2 25 | $2.5B | $4.8B | ||
| Q1 25 | $2.4B | $4.6B | ||
| Q4 24 | $2.4B | $4.3B | ||
| Q3 24 | $2.4B | $4.0B | ||
| Q2 24 | $2.4B | $3.8B | ||
| Q1 24 | $2.4B | $3.8B |
| Q4 25 | 0.01× | — | ||
| Q3 25 | 0.01× | — | ||
| Q2 25 | 0.01× | 1.75× | ||
| Q1 25 | 0.01× | 1.50× | ||
| Q4 24 | 0.01× | 0.81× | ||
| Q3 24 | 0.01× | 0.43× | ||
| Q2 24 | 0.01× | 0.47× | ||
| Q1 24 | 0.01× | 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 | $38.1M | $27.2M |
| Free Cash FlowOCF − Capex | $12.4M | $26.7M |
| FCF MarginFCF / Revenue | 3.2% | 4.6% |
| Capex IntensityCapex / Revenue | 6.6% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.74× | — |
| TTM Free Cash FlowTrailing 4 quarters | $137.2M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.1M | $27.2M | ||
| Q3 25 | $79.1M | $16.2M | ||
| Q2 25 | $41.5M | $46.3M | ||
| Q1 25 | $56.7M | $-66.5M | ||
| Q4 24 | $81.8M | $27.6M | ||
| Q3 24 | $54.4M | $53.7M | ||
| Q2 24 | $14.4M | $50.2M | ||
| Q1 24 | $-31.1M | $7.6M |
| Q4 25 | $12.4M | $26.7M | ||
| Q3 25 | $62.8M | $15.9M | ||
| Q2 25 | $21.1M | $45.2M | ||
| Q1 25 | $40.8M | $-69.2M | ||
| Q4 24 | $62.1M | $27.0M | ||
| Q3 24 | $39.4M | $52.4M | ||
| Q2 24 | $-3.5M | $49.6M | ||
| Q1 24 | $-51.5M | $6.7M |
| Q4 25 | 3.2% | 4.6% | ||
| Q3 25 | 16.0% | 3.5% | ||
| Q2 25 | 5.8% | 12.4% | ||
| Q1 25 | 12.3% | -18.3% | ||
| Q4 24 | 18.3% | 8.0% | ||
| Q3 24 | 11.2% | 19.3% | ||
| Q2 24 | -1.1% | 26.6% | ||
| Q1 24 | -17.1% | 1.9% |
| Q4 25 | 6.6% | 0.1% | ||
| Q3 25 | 4.2% | 0.1% | ||
| Q2 25 | 5.6% | 0.3% | ||
| Q1 25 | 4.8% | 0.7% | ||
| Q4 24 | 5.8% | 0.2% | ||
| Q3 24 | 4.3% | 0.5% | ||
| Q2 24 | 5.6% | 0.3% | ||
| Q1 24 | 6.7% | 0.3% |
| Q4 25 | 3.74× | — | ||
| Q3 25 | 5.54× | — | ||
| Q2 25 | 0.90× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 9.93× | — | ||
| Q3 24 | 3.95× | 3.05× | ||
| Q2 24 | 1.80× | 3.76× | ||
| Q1 24 | -2.22× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DIOD
| Distributor | $253.1M | 65% |
| Direct Sales | $138.5M | 35% |
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% |
