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Side-by-side financial comparison of Evercore Inc. (EVR) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Evercore Inc. is the larger business by last-quarter revenue ($1.3B vs $586.5M, roughly 2.2× StepStone Group Inc.). Evercore Inc. runs the higher net margin — 15.7% vs -21.0%, a 36.8% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 32.4%). Evercore Inc. produced more free cash flow last quarter ($798.6M vs $26.7M). Over the past eight quarters, Evercore Inc.'s revenue compounded faster (48.9% CAGR vs 28.2%).
Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.
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.
EVR vs STEP — Head-to-Head
Income Statement — Q4 2025 vs Q3 2026
| Metric | | |
|---|---|---|
| Revenue | $1.3B | $586.5M |
| Net Profit | $204.0M | $-123.5M |
| Gross Margin | — | — |
| Operating Margin | 24.2% | -33.2% |
| Net Margin | 15.7% | -21.0% |
| Revenue YoY | 32.4% | 73.0% |
| Net Profit YoY | 45.2% | 35.7% |
| EPS (diluted) | $4.80 | $-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 | $1.3B | $586.5M | ||
| Q3 25 | $1.0B | $454.2M | ||
| Q2 25 | $838.0M | $364.3M | ||
| Q1 25 | $699.0M | $377.7M | ||
| Q4 24 | $979.5M | $339.0M | ||
| Q3 24 | $738.4M | $271.7M | ||
| Q2 24 | $693.4M | $186.4M | ||
| Q1 24 | $585.0M | $356.8M |
| Q4 25 | $204.0M | $-123.5M | ||
| Q3 25 | $144.6M | $-366.1M | ||
| Q2 25 | $97.2M | $-38.4M | ||
| Q1 25 | $146.2M | $-18.5M | ||
| Q4 24 | $140.4M | $-192.0M | ||
| Q3 24 | $78.4M | $17.6M | ||
| Q2 24 | $73.8M | $13.3M | ||
| Q1 24 | $85.7M | $30.8M |
| Q4 25 | 24.2% | -33.2% | ||
| Q3 25 | 20.8% | -148.8% | ||
| Q2 25 | 18.0% | -5.6% | ||
| Q1 25 | 16.0% | 2.6% | ||
| Q4 24 | 21.8% | -101.7% | ||
| Q3 24 | 16.7% | 21.3% | ||
| Q2 24 | 15.9% | 29.4% | ||
| Q1 24 | 14.8% | 26.5% |
| Q4 25 | 15.7% | -21.0% | ||
| Q3 25 | 13.8% | -80.6% | ||
| Q2 25 | 11.6% | -10.5% | ||
| Q1 25 | 20.9% | -4.9% | ||
| Q4 24 | 14.3% | -56.6% | ||
| Q3 24 | 10.6% | 6.5% | ||
| Q2 24 | 10.6% | 7.2% | ||
| Q1 24 | 14.6% | 8.6% |
| Q4 25 | $4.80 | $-1.55 | ||
| Q3 25 | $3.41 | $-4.66 | ||
| Q2 25 | $2.36 | $-0.49 | ||
| Q1 25 | $3.48 | $-0.37 | ||
| Q4 24 | $3.32 | $-2.61 | ||
| Q3 24 | $1.86 | $0.26 | ||
| Q2 24 | $1.81 | $0.20 | ||
| Q1 24 | $2.09 | $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 | $3.0B | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $2.0B | $-378.8M |
| Total Assets | $5.4B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $3.0B | — | ||
| Q3 25 | $2.4B | — | ||
| Q2 25 | $1.7B | — | ||
| Q1 25 | $1.4B | — | ||
| Q4 24 | $2.4B | — | ||
| Q3 24 | $1.8B | — | ||
| Q2 24 | $1.7B | — | ||
| Q1 24 | $1.4B | — |
| 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 | $2.0B | $-378.8M | ||
| Q3 25 | $1.8B | $-233.5M | ||
| Q2 25 | $1.7B | $153.9M | ||
| Q1 25 | $1.5B | $179.4M | ||
| Q4 24 | $1.7B | $209.8M | ||
| Q3 24 | $1.6B | $397.5M | ||
| Q2 24 | $1.5B | $366.9M | ||
| Q1 24 | $1.4B | $324.5M |
| Q4 25 | $5.4B | $5.2B | ||
| Q3 25 | $4.4B | $5.3B | ||
| Q2 25 | $3.7B | $4.8B | ||
| Q1 25 | $3.3B | $4.6B | ||
| Q4 24 | $4.2B | $4.3B | ||
| Q3 24 | $3.6B | $4.0B | ||
| Q2 24 | $3.3B | $3.8B | ||
| Q1 24 | $3.0B | $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 | $807.5M | $27.2M |
| Free Cash FlowOCF − Capex | $798.6M | $26.7M |
| FCF MarginFCF / Revenue | 61.6% | 4.6% |
| Capex IntensityCapex / Revenue | 0.7% | 0.1% |
| Cash ConversionOCF / Net Profit | 3.96× | — |
| TTM Free Cash FlowTrailing 4 quarters | $1.2B | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $807.5M | $27.2M | ||
| Q3 25 | $560.9M | $16.2M | ||
| Q2 25 | $437.7M | $46.3M | ||
| Q1 25 | $-549.7M | $-66.5M | ||
| Q4 24 | $686.4M | $27.6M | ||
| Q3 24 | $234.5M | $53.7M | ||
| Q2 24 | $348.5M | $50.2M | ||
| Q1 24 | $-281.2M | $7.6M |
| Q4 25 | $798.6M | $26.7M | ||
| Q3 25 | $541.5M | $15.9M | ||
| Q2 25 | $411.7M | $45.2M | ||
| Q1 25 | $-569.3M | $-69.2M | ||
| Q4 24 | $673.1M | $27.0M | ||
| Q3 24 | $226.6M | $52.4M | ||
| Q2 24 | $340.7M | $49.6M | ||
| Q1 24 | $-282.3M | $6.7M |
| Q4 25 | 61.6% | 4.6% | ||
| Q3 25 | 51.8% | 3.5% | ||
| Q2 25 | 49.1% | 12.4% | ||
| Q1 25 | -81.4% | -18.3% | ||
| Q4 24 | 68.7% | 8.0% | ||
| Q3 24 | 30.7% | 19.3% | ||
| Q2 24 | 49.1% | 26.6% | ||
| Q1 24 | -48.3% | 1.9% |
| Q4 25 | 0.7% | 0.1% | ||
| Q3 25 | 1.9% | 0.1% | ||
| Q2 25 | 3.1% | 0.3% | ||
| Q1 25 | 2.8% | 0.7% | ||
| Q4 24 | 1.4% | 0.2% | ||
| Q3 24 | 1.1% | 0.5% | ||
| Q2 24 | 1.1% | 0.3% | ||
| Q1 24 | 0.2% | 0.3% |
| Q4 25 | 3.96× | — | ||
| Q3 25 | 3.88× | — | ||
| Q2 25 | 4.50× | — | ||
| Q1 25 | -3.76× | — | ||
| Q4 24 | 4.89× | — | ||
| Q3 24 | 2.99× | 3.05× | ||
| Q2 24 | 4.72× | 3.76× | ||
| Q1 24 | -3.28× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
EVR
| Advisory Fees | $1.1B | 87% |
| Commissions And Related Revenue | $66.5M | 5% |
| Underwriting Fees | $49.5M | 4% |
| Other | $29.6M | 2% |
| Investment Management | $23.2M | 2% |
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% |
