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Side-by-side financial comparison of GLOBAL INDUSTRIAL Co (GIC) 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 $345.6M, roughly 1.7× GLOBAL INDUSTRIAL Co). GLOBAL INDUSTRIAL Co runs the higher net margin — 4.2% vs -21.0%, a 25.3% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 14.3%). StepStone Group Inc. produced more free cash flow last quarter ($26.7M vs $19.2M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 3.4%).
Global Industrial Company is a Port Washington, New York–based company providing industrial and MRO products through a system of branded e-Commerce websites and relationship marketers in North America. The primary brand is Global Industrial.
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.
GIC vs STEP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $345.6M | $586.5M |
| Net Profit | $14.6M | $-123.5M |
| Gross Margin | 34.5% | — |
| Operating Margin | 5.7% | -33.2% |
| Net Margin | 4.2% | -21.0% |
| Revenue YoY | 14.3% | 73.0% |
| Net Profit YoY | 36.4% | 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 | $345.6M | $586.5M | ||
| Q3 25 | $353.6M | $454.2M | ||
| Q2 25 | $358.9M | $364.3M | ||
| Q1 25 | $321.0M | $377.7M | ||
| Q4 24 | $302.3M | $339.0M | ||
| Q3 24 | $342.4M | $271.7M | ||
| Q2 24 | $347.8M | $186.4M | ||
| Q1 24 | $323.4M | $356.8M |
| Q4 25 | $14.6M | $-123.5M | ||
| Q3 25 | $18.8M | $-366.1M | ||
| Q2 25 | $25.1M | $-38.4M | ||
| Q1 25 | $13.6M | $-18.5M | ||
| Q4 24 | $10.7M | $-192.0M | ||
| Q3 24 | $16.8M | $17.6M | ||
| Q2 24 | $20.3M | $13.3M | ||
| Q1 24 | $13.2M | $30.8M |
| Q4 25 | 34.5% | — | ||
| Q3 25 | 35.6% | — | ||
| Q2 25 | 37.1% | — | ||
| Q1 25 | 34.9% | — | ||
| Q4 24 | 33.8% | — | ||
| Q3 24 | 34.0% | — | ||
| Q2 24 | 35.2% | — | ||
| Q1 24 | 34.3% | — |
| Q4 25 | 5.7% | -33.2% | ||
| Q3 25 | 7.4% | -148.8% | ||
| Q2 25 | 9.3% | -5.6% | ||
| Q1 25 | 5.7% | 2.6% | ||
| Q4 24 | 4.8% | -101.7% | ||
| Q3 24 | 6.5% | 21.3% | ||
| Q2 24 | 7.6% | 29.4% | ||
| Q1 24 | 5.4% | 26.5% |
| Q4 25 | 4.2% | -21.0% | ||
| Q3 25 | 5.3% | -80.6% | ||
| Q2 25 | 7.0% | -10.5% | ||
| Q1 25 | 4.2% | -4.9% | ||
| Q4 24 | 3.5% | -56.6% | ||
| Q3 24 | 4.9% | 6.5% | ||
| Q2 24 | 5.8% | 7.2% | ||
| Q1 24 | 4.1% | 8.6% |
| Q4 25 | $0.37 | $-1.55 | ||
| Q3 25 | $0.48 | $-4.66 | ||
| Q2 25 | $0.65 | $-0.49 | ||
| Q1 25 | $0.35 | $-0.37 | ||
| Q4 24 | $0.28 | $-2.61 | ||
| Q3 24 | $0.44 | $0.26 | ||
| Q2 24 | $0.52 | $0.20 | ||
| Q1 24 | $0.34 | $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 | $67.5M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $313.2M | $-378.8M |
| Total Assets | $580.8M | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $67.5M | — | ||
| Q3 25 | $67.2M | — | ||
| Q2 25 | $55.1M | — | ||
| Q1 25 | $39.0M | — | ||
| Q4 24 | $44.6M | — | ||
| Q3 24 | $38.9M | — | ||
| Q2 24 | $38.8M | — | ||
| Q1 24 | $29.9M | — |
| 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 | $313.2M | $-378.8M | ||
| Q3 25 | $316.0M | $-233.5M | ||
| Q2 25 | $305.2M | $153.9M | ||
| Q1 25 | $287.9M | $179.4M | ||
| Q4 24 | $281.1M | $209.8M | ||
| Q3 24 | $279.2M | $397.5M | ||
| Q2 24 | $270.4M | $366.9M | ||
| Q1 24 | $260.2M | $324.5M |
| Q4 25 | $580.8M | $5.2B | ||
| Q3 25 | $602.5M | $5.3B | ||
| Q2 25 | $586.5M | $4.8B | ||
| Q1 25 | $536.7M | $4.6B | ||
| Q4 24 | $520.7M | $4.3B | ||
| Q3 24 | $531.6M | $4.0B | ||
| Q2 24 | $542.5M | $3.8B | ||
| Q1 24 | $517.4M | $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 | $20.0M | $27.2M |
| Free Cash FlowOCF − Capex | $19.2M | $26.7M |
| FCF MarginFCF / Revenue | 5.6% | 4.6% |
| Capex IntensityCapex / Revenue | 0.2% | 0.1% |
| Cash ConversionOCF / Net Profit | 1.37× | — |
| TTM Free Cash FlowTrailing 4 quarters | $74.7M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $20.0M | $27.2M | ||
| Q3 25 | $22.7M | $16.2M | ||
| Q2 25 | $31.7M | $46.3M | ||
| Q1 25 | $3.4M | $-66.5M | ||
| Q4 24 | $15.9M | $27.6M | ||
| Q3 24 | $9.6M | $53.7M | ||
| Q2 24 | $18.8M | $50.2M | ||
| Q1 24 | $6.4M | $7.6M |
| Q4 25 | $19.2M | $26.7M | ||
| Q3 25 | $22.0M | $15.9M | ||
| Q2 25 | $30.3M | $45.2M | ||
| Q1 25 | $3.2M | $-69.2M | ||
| Q4 24 | $15.2M | $27.0M | ||
| Q3 24 | $8.7M | $52.4M | ||
| Q2 24 | $17.9M | $49.6M | ||
| Q1 24 | $5.1M | $6.7M |
| Q4 25 | 5.6% | 4.6% | ||
| Q3 25 | 6.2% | 3.5% | ||
| Q2 25 | 8.4% | 12.4% | ||
| Q1 25 | 1.0% | -18.3% | ||
| Q4 24 | 5.0% | 8.0% | ||
| Q3 24 | 2.5% | 19.3% | ||
| Q2 24 | 5.1% | 26.6% | ||
| Q1 24 | 1.6% | 1.9% |
| Q4 25 | 0.2% | 0.1% | ||
| Q3 25 | 0.2% | 0.1% | ||
| Q2 25 | 0.4% | 0.3% | ||
| Q1 25 | 0.1% | 0.7% | ||
| Q4 24 | 0.2% | 0.2% | ||
| Q3 24 | 0.3% | 0.5% | ||
| Q2 24 | 0.3% | 0.3% | ||
| Q1 24 | 0.4% | 0.3% |
| Q4 25 | 1.37× | — | ||
| Q3 25 | 1.21× | — | ||
| Q2 25 | 1.26× | — | ||
| Q1 25 | 0.25× | — | ||
| Q4 24 | 1.49× | — | ||
| Q3 24 | 0.57× | 3.05× | ||
| Q2 24 | 0.93× | 3.76× | ||
| Q1 24 | 0.48× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
GIC
Segment breakdown not available.
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% |
