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Side-by-side financial comparison of Driven Brands Holdings Inc. (DRVN) 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 $535.7M, roughly 1.1× Driven Brands Holdings Inc.). Driven Brands Holdings Inc. runs the higher net margin — 11.4% vs -21.0%, a 32.4% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 6.6%). Driven Brands Holdings Inc. produced more free cash flow last quarter ($39.5M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -4.0%).
Standard Brands was a packaged foods company, formed in 1929 by J. P. Morgan & Co. with the merger of:Fleischmann Company Royal Baking Powder Company E. W. Gillett Company of Canada (1929) - Toronto-based baking goods company founded by P. W. Gillett in 1852 Widlar Food Products Company Chase & Sanborn Coffee Company
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.
DRVN vs STEP — Head-to-Head
Income Statement — Q3 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $535.7M | $586.5M |
| Net Profit | $60.9M | $-123.5M |
| Gross Margin | — | — |
| Operating Margin | 11.6% | -33.2% |
| Net Margin | 11.4% | -21.0% |
| Revenue YoY | 6.6% | 73.0% |
| Net Profit YoY | 507.2% | 35.7% |
| EPS (diluted) | $0.37 | $-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 | — | $586.5M | ||
| Q3 25 | $535.7M | $454.2M | ||
| Q2 25 | $551.0M | $364.3M | ||
| Q1 25 | $516.2M | $377.7M | ||
| Q4 24 | $836.5M | $339.0M | ||
| Q3 24 | $502.3M | $271.7M | ||
| Q2 24 | $518.8M | $186.4M | ||
| Q1 24 | $482.0M | $356.8M |
| Q4 25 | — | $-123.5M | ||
| Q3 25 | $60.9M | $-366.1M | ||
| Q2 25 | $47.6M | $-38.4M | ||
| Q1 25 | $5.5M | $-18.5M | ||
| Q4 24 | $-312.0M | $-192.0M | ||
| Q3 24 | $-14.9M | $17.6M | ||
| Q2 24 | $30.2M | $13.3M | ||
| Q1 24 | $4.3M | $30.8M |
| Q4 25 | — | -33.2% | ||
| Q3 25 | 11.6% | -148.8% | ||
| Q2 25 | 6.9% | -5.6% | ||
| Q1 25 | 11.9% | 2.6% | ||
| Q4 24 | -41.6% | -101.7% | ||
| Q3 24 | 9.9% | 21.3% | ||
| Q2 24 | 17.4% | 29.4% | ||
| Q1 24 | 14.1% | 26.5% |
| Q4 25 | — | -21.0% | ||
| Q3 25 | 11.4% | -80.6% | ||
| Q2 25 | 8.6% | -10.5% | ||
| Q1 25 | 1.1% | -4.9% | ||
| Q4 24 | -37.3% | -56.6% | ||
| Q3 24 | -3.0% | 6.5% | ||
| Q2 24 | 5.8% | 7.2% | ||
| Q1 24 | 0.9% | 8.6% |
| Q4 25 | — | $-1.55 | ||
| Q3 25 | $0.37 | $-4.66 | ||
| Q2 25 | $0.29 | $-0.49 | ||
| Q1 25 | $0.04 | $-0.37 | ||
| Q4 24 | $-1.93 | $-2.61 | ||
| Q3 24 | $-0.09 | $0.26 | ||
| Q2 24 | $0.18 | $0.20 | ||
| Q1 24 | $0.02 | $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 | $162.0M | — |
| Total DebtLower is stronger | $1.9B | $270.2M |
| Stockholders' EquityBook value | $793.5M | $-378.8M |
| Total Assets | $4.2B | $5.2B |
| Debt / EquityLower = less leverage | 2.44× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $162.0M | — | ||
| Q2 25 | $166.1M | — | ||
| Q1 25 | $152.0M | — | ||
| Q4 24 | $149.6M | — | ||
| Q3 24 | $204.2M | — | ||
| Q2 24 | $148.8M | — | ||
| Q1 24 | $165.5M | — |
| Q4 25 | — | $270.2M | ||
| Q3 25 | $1.9B | $269.9M | ||
| Q2 25 | $2.1B | $269.6M | ||
| Q1 25 | $2.6B | $269.3M | ||
| Q4 24 | $2.7B | $168.9M | ||
| Q3 24 | $2.7B | $172.3M | ||
| Q2 24 | $2.9B | $172.1M | ||
| Q1 24 | $2.9B | $148.8M |
| Q4 25 | — | $-378.8M | ||
| Q3 25 | $793.5M | $-233.5M | ||
| Q2 25 | $743.4M | $153.9M | ||
| Q1 25 | $643.2M | $179.4M | ||
| Q4 24 | $607.3M | $209.8M | ||
| Q3 24 | $962.8M | $397.5M | ||
| Q2 24 | $942.8M | $366.9M | ||
| Q1 24 | $906.2M | $324.5M |
| Q4 25 | — | $5.2B | ||
| Q3 25 | $4.2B | $5.3B | ||
| Q2 25 | $4.3B | $4.8B | ||
| Q1 25 | $5.3B | $4.6B | ||
| Q4 24 | $5.3B | $4.3B | ||
| Q3 24 | $5.8B | $4.0B | ||
| Q2 24 | $5.8B | $3.8B | ||
| Q1 24 | $5.9B | $3.8B |
| Q4 25 | — | — | ||
| Q3 25 | 2.44× | — | ||
| Q2 25 | 2.82× | 1.75× | ||
| Q1 25 | 4.07× | 1.50× | ||
| Q4 24 | 4.37× | 0.81× | ||
| Q3 24 | 2.84× | 0.43× | ||
| Q2 24 | 3.03× | 0.47× | ||
| Q1 24 | 3.21× | 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 | $79.2M | $27.2M |
| Free Cash FlowOCF − Capex | $39.5M | $26.7M |
| FCF MarginFCF / Revenue | 7.4% | 4.6% |
| Capex IntensityCapex / Revenue | 7.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.30× | — |
| TTM Free Cash FlowTrailing 4 quarters | $31.1M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $27.2M | ||
| Q3 25 | $79.2M | $16.2M | ||
| Q2 25 | $80.4M | $46.3M | ||
| Q1 25 | $75.1M | $-66.5M | ||
| Q4 24 | $32.9M | $27.6M | ||
| Q3 24 | $101.3M | $53.7M | ||
| Q2 24 | $46.9M | $50.2M | ||
| Q1 24 | $60.3M | $7.6M |
| Q4 25 | — | $26.7M | ||
| Q3 25 | $39.5M | $15.9M | ||
| Q2 25 | $9.0M | $45.2M | ||
| Q1 25 | $18.9M | $-69.2M | ||
| Q4 24 | $-36.3M | $27.0M | ||
| Q3 24 | $37.9M | $52.4M | ||
| Q2 24 | $-19.5M | $49.6M | ||
| Q1 24 | $-29.2M | $6.7M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 7.4% | 3.5% | ||
| Q2 25 | 1.6% | 12.4% | ||
| Q1 25 | 3.7% | -18.3% | ||
| Q4 24 | -4.3% | 8.0% | ||
| Q3 24 | 7.5% | 19.3% | ||
| Q2 24 | -3.8% | 26.6% | ||
| Q1 24 | -6.1% | 1.9% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | 7.4% | 0.1% | ||
| Q2 25 | 13.0% | 0.3% | ||
| Q1 25 | 10.9% | 0.7% | ||
| Q4 24 | 8.3% | 0.2% | ||
| Q3 24 | 12.6% | 0.5% | ||
| Q2 24 | 12.8% | 0.3% | ||
| Q1 24 | 18.6% | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | 1.30× | — | ||
| Q2 25 | 1.69× | — | ||
| Q1 25 | 13.65× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.05× | ||
| Q2 24 | 1.56× | 3.76× | ||
| Q1 24 | 14.15× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DRVN
| Company Operated Store Sales | $331.3M | 62% |
| Supply And Other | $74.3M | 14% |
| Car Wash Segment | $54.0M | 10% |
| Independently Operated Store Sales | $51.4M | 10% |
| Advertising | $27.9M | 5% |
| Employee Services Leasing Agreement | $2.0M | 0% |
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% |
