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Side-by-side financial comparison of EnerSys (ENS) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
EnerSys is the larger business by last-quarter revenue ($919.1M vs $586.5M, roughly 1.6× StepStone Group Inc.). EnerSys runs the higher net margin — 9.8% vs -21.0%, a 30.9% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 1.4%). EnerSys produced more free cash flow last quarter ($171.3M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 0.5%).
EnerSys is a stored energy systems and technology provider for industrial applications. The company manufactures reserve-power and motive-power batteries, battery chargers, power equipment, battery accessories and outdoor equipment enclosures.
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.
ENS vs STEP — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $919.1M | $586.5M |
| Net Profit | $90.4M | $-123.5M |
| Gross Margin | 30.1% | — |
| Operating Margin | 13.5% | -33.2% |
| Net Margin | 9.8% | -21.0% |
| Revenue YoY | 1.4% | 73.0% |
| Net Profit YoY | -21.3% | 35.7% |
| EPS (diluted) | $2.40 | $-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 | $919.1M | $586.5M | ||
| Q3 25 | $951.3M | $454.2M | ||
| Q2 25 | $893.0M | $364.3M | ||
| Q1 25 | $974.8M | $377.7M | ||
| Q4 24 | $906.2M | $339.0M | ||
| Q3 24 | $883.7M | $271.7M | ||
| Q2 24 | $852.9M | $186.4M | ||
| Q1 24 | $910.7M | $356.8M |
| Q4 25 | $90.4M | $-123.5M | ||
| Q3 25 | $68.4M | $-366.1M | ||
| Q2 25 | $57.5M | $-38.4M | ||
| Q1 25 | $96.5M | $-18.5M | ||
| Q4 24 | $114.8M | $-192.0M | ||
| Q3 24 | $82.3M | $17.6M | ||
| Q2 24 | $70.1M | $13.3M | ||
| Q1 24 | $60.9M | $30.8M |
| Q4 25 | 30.1% | — | ||
| Q3 25 | 29.1% | — | ||
| Q2 25 | 28.4% | — | ||
| Q1 25 | 31.2% | — | ||
| Q4 24 | 32.9% | — | ||
| Q3 24 | 28.5% | — | ||
| Q2 24 | 27.9% | — | ||
| Q1 24 | 27.9% | — |
| Q4 25 | 13.5% | -33.2% | ||
| Q3 25 | 9.7% | -148.8% | ||
| Q2 25 | 9.7% | -5.6% | ||
| Q1 25 | 13.5% | 2.6% | ||
| Q4 24 | 15.7% | -101.7% | ||
| Q3 24 | 11.2% | 21.3% | ||
| Q2 24 | 10.7% | 29.4% | ||
| Q1 24 | 8.9% | 26.5% |
| Q4 25 | 9.8% | -21.0% | ||
| Q3 25 | 7.2% | -80.6% | ||
| Q2 25 | 6.4% | -10.5% | ||
| Q1 25 | 9.9% | -4.9% | ||
| Q4 24 | 12.7% | -56.6% | ||
| Q3 24 | 9.3% | 6.5% | ||
| Q2 24 | 8.2% | 7.2% | ||
| Q1 24 | 6.7% | 8.6% |
| Q4 25 | $2.40 | $-1.55 | ||
| Q3 25 | $1.80 | $-4.66 | ||
| Q2 25 | $1.46 | $-0.49 | ||
| Q1 25 | $2.39 | $-0.37 | ||
| Q4 24 | $2.88 | $-2.61 | ||
| Q3 24 | $2.01 | $0.26 | ||
| Q2 24 | $1.71 | $0.20 | ||
| Q1 24 | $1.48 | $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 | $450.1M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $1.9B | $-378.8M |
| Total Assets | $4.0B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $450.1M | — | ||
| Q3 25 | $388.6M | — | ||
| Q2 25 | $346.7M | — | ||
| Q1 25 | $343.1M | — | ||
| Q4 24 | $463.2M | — | ||
| Q3 24 | $407.9M | — | ||
| Q2 24 | $344.1M | — | ||
| Q1 24 | $333.3M | — |
| Q4 25 | — | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | $1.1B | $269.3M | ||
| Q4 24 | — | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M | ||
| Q1 24 | $802.0M | $148.8M |
| Q4 25 | $1.9B | $-378.8M | ||
| Q3 25 | $1.9B | $-233.5M | ||
| Q2 25 | $1.9B | $153.9M | ||
| Q1 25 | $1.9B | $179.4M | ||
| Q4 24 | $1.8B | $209.8M | ||
| Q3 24 | $1.8B | $397.5M | ||
| Q2 24 | $1.8B | $366.9M | ||
| Q1 24 | $1.8B | $324.5M |
| Q4 25 | $4.0B | $5.2B | ||
| Q3 25 | $4.1B | $5.3B | ||
| Q2 25 | $4.1B | $4.8B | ||
| Q1 25 | $4.0B | $4.6B | ||
| Q4 24 | $4.0B | $4.3B | ||
| Q3 24 | $4.0B | $4.0B | ||
| Q2 24 | $3.6B | $3.8B | ||
| Q1 24 | $3.5B | $3.8B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | 0.57× | 1.50× | ||
| Q4 24 | — | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 0.46× | 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 | $184.6M | $27.2M |
| Free Cash FlowOCF − Capex | $171.3M | $26.7M |
| FCF MarginFCF / Revenue | 18.6% | 4.6% |
| Capex IntensityCapex / Revenue | 1.4% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.04× | — |
| TTM Free Cash FlowTrailing 4 quarters | $441.3M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $184.6M | $27.2M | ||
| Q3 25 | $218.0M | $16.2M | ||
| Q2 25 | $968.0K | $46.3M | ||
| Q1 25 | $135.2M | $-66.5M | ||
| Q4 24 | $81.1M | $27.6M | ||
| Q3 24 | $33.6M | $53.7M | ||
| Q2 24 | $10.4M | $50.2M | ||
| Q1 24 | — | $7.6M |
| Q4 25 | $171.3M | $26.7M | ||
| Q3 25 | $197.1M | $15.9M | ||
| Q2 25 | $-32.1M | $45.2M | ||
| Q1 25 | $104.9M | $-69.2M | ||
| Q4 24 | $56.8M | $27.0M | ||
| Q3 24 | $3.3M | $52.4M | ||
| Q2 24 | $-25.7M | $49.6M | ||
| Q1 24 | — | $6.7M |
| Q4 25 | 18.6% | 4.6% | ||
| Q3 25 | 20.7% | 3.5% | ||
| Q2 25 | -3.6% | 12.4% | ||
| Q1 25 | 10.8% | -18.3% | ||
| Q4 24 | 6.3% | 8.0% | ||
| Q3 24 | 0.4% | 19.3% | ||
| Q2 24 | -3.0% | 26.6% | ||
| Q1 24 | — | 1.9% |
| Q4 25 | 1.4% | 0.1% | ||
| Q3 25 | 2.2% | 0.1% | ||
| Q2 25 | 3.7% | 0.3% | ||
| Q1 25 | 3.1% | 0.7% | ||
| Q4 24 | 2.7% | 0.2% | ||
| Q3 24 | 3.4% | 0.5% | ||
| Q2 24 | 4.2% | 0.3% | ||
| Q1 24 | — | 0.3% |
| Q4 25 | 2.04× | — | ||
| Q3 25 | 3.19× | — | ||
| Q2 25 | 0.02× | — | ||
| Q1 25 | 1.40× | — | ||
| Q4 24 | 0.71× | — | ||
| Q3 24 | 0.41× | 3.05× | ||
| Q2 24 | 0.15× | 3.76× | ||
| Q1 24 | — | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
ENS
| Energy Systems | $399.5M | 43% |
| Motive Power | $352.0M | 38% |
| Services | $92.6M | 10% |
| Transferred Over Time | $38.2M | 4% |
| Other | $36.8M | 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% |
