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Side-by-side financial comparison of Garrett Motion Inc. (GTX) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.

Garrett Motion Inc. is the larger business by last-quarter revenue ($985.0M vs $586.5M, roughly 1.7× StepStone Group Inc.). Garrett Motion Inc. runs the higher net margin — 9.6% vs -21.0%, a 30.7% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 12.2%). Garrett Motion Inc. produced more free cash flow last quarter ($49.0M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 5.2%).

Garrett Motion Inc., formerly Honeywell Transportation Systems and Honeywell Turbo Technologies, is an American company primarily involved in engineering, development and manufacturing of turbochargers and related forced induction systems for ground vehicles from small passenger cars to large trucks and industrial equipment and construction machinery. It originated as part of Garrett AiResearch's Industrial Division in Phoenix, Arizona, in 1954, after which they entered a contract to provide ...

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.

GTX vs STEP — Head-to-Head

Bigger by revenue
GTX
GTX
1.7× larger
GTX
$985.0M
$586.5M
STEP
Growing faster (revenue YoY)
STEP
STEP
+60.8% gap
STEP
73.0%
12.2%
GTX
Higher net margin
GTX
GTX
30.7% more per $
GTX
9.6%
-21.0%
STEP
More free cash flow
GTX
GTX
$22.3M more FCF
GTX
$49.0M
$26.7M
STEP
Faster 2-yr revenue CAGR
STEP
STEP
Annualised
STEP
28.2%
5.2%
GTX

Income Statement — Q1 FY2026 vs Q3 FY2026

Metric
GTX
GTX
STEP
STEP
Revenue
$985.0M
$586.5M
Net Profit
$95.0M
$-123.5M
Gross Margin
19.9%
Operating Margin
-33.2%
Net Margin
9.6%
-21.0%
Revenue YoY
12.2%
73.0%
Net Profit YoY
53.2%
35.7%
EPS (diluted)
$-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.

Revenue
GTX
GTX
STEP
STEP
Q1 26
$985.0M
Q4 25
$891.0M
$586.5M
Q3 25
$902.0M
$454.2M
Q2 25
$913.0M
$364.3M
Q1 25
$878.0M
$377.7M
Q4 24
$844.0M
$339.0M
Q3 24
$826.0M
$271.7M
Q2 24
$890.0M
$186.4M
Net Profit
GTX
GTX
STEP
STEP
Q1 26
$95.0M
Q4 25
$84.0M
$-123.5M
Q3 25
$77.0M
$-366.1M
Q2 25
$87.0M
$-38.4M
Q1 25
$62.0M
$-18.5M
Q4 24
$100.0M
$-192.0M
Q3 24
$52.0M
$17.6M
Q2 24
$64.0M
$13.3M
Gross Margin
GTX
GTX
STEP
STEP
Q1 26
19.9%
Q4 25
20.8%
Q3 25
20.6%
Q2 25
19.8%
Q1 25
20.4%
Q4 24
21.6%
Q3 24
20.1%
Q2 24
20.8%
Operating Margin
GTX
GTX
STEP
STEP
Q1 26
Q4 25
11.6%
-33.2%
Q3 25
11.3%
-148.8%
Q2 25
11.2%
-5.6%
Q1 25
9.7%
2.6%
Q4 24
11.7%
-101.7%
Q3 24
9.2%
21.3%
Q2 24
9.8%
29.4%
Net Margin
GTX
GTX
STEP
STEP
Q1 26
9.6%
Q4 25
9.4%
-21.0%
Q3 25
8.5%
-80.6%
Q2 25
9.5%
-10.5%
Q1 25
7.1%
-4.9%
Q4 24
11.8%
-56.6%
Q3 24
6.3%
6.5%
Q2 24
7.2%
7.2%
EPS (diluted)
GTX
GTX
STEP
STEP
Q1 26
Q4 25
$0.42
$-1.55
Q3 25
$0.38
$-4.66
Q2 25
$0.42
$-0.49
Q1 25
$0.30
$-0.37
Q4 24
$0.46
$-2.61
Q3 24
$0.24
$0.26
Q2 24
$0.28
$0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
GTX
GTX
STEP
STEP
Cash + ST InvestmentsLiquidity on hand
$142.0M
Total DebtLower is stronger
$1.4B
$270.2M
Stockholders' EquityBook value
$-378.8M
Total Assets
$2.4B
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
GTX
GTX
STEP
STEP
Q1 26
$142.0M
Q4 25
$177.0M
Q3 25
$230.0M
Q2 25
$232.0M
Q1 25
$130.0M
Q4 24
$125.0M
Q3 24
$96.0M
Q2 24
$98.0M
Total Debt
GTX
GTX
STEP
STEP
Q1 26
$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
Stockholders' Equity
GTX
GTX
STEP
STEP
Q1 26
Q4 25
$-802.0M
$-378.8M
Q3 25
$-813.0M
$-233.5M
Q2 25
$-812.0M
$153.9M
Q1 25
$-700.0M
$179.4M
Q4 24
$-673.0M
$209.8M
Q3 24
$-778.0M
$397.5M
Q2 24
$-725.0M
$366.9M
Total Assets
GTX
GTX
STEP
STEP
Q1 26
$2.4B
Q4 25
$2.4B
$5.2B
Q3 25
$2.4B
$5.3B
Q2 25
$2.4B
$4.8B
Q1 25
$2.3B
$4.6B
Q4 24
$2.3B
$4.3B
Q3 24
$2.2B
$4.0B
Q2 24
$2.2B
$3.8B
Debt / Equity
GTX
GTX
STEP
STEP
Q1 26
Q4 25
Q3 25
Q2 25
1.75×
Q1 25
1.50×
Q4 24
0.81×
Q3 24
0.43×
Q2 24
0.47×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
GTX
GTX
STEP
STEP
Operating Cash FlowLast quarter
$98.0M
$27.2M
Free Cash FlowOCF − Capex
$49.0M
$26.7M
FCF MarginFCF / Revenue
5.0%
4.6%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.03×
TTM Free Cash FlowTrailing 4 quarters
$360.0M
$18.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
GTX
GTX
STEP
STEP
Q1 26
$98.0M
Q4 25
$99.0M
$27.2M
Q3 25
$100.0M
$16.2M
Q2 25
$158.0M
$46.3M
Q1 25
$56.0M
$-66.5M
Q4 24
$131.0M
$27.6M
Q3 24
$67.0M
$53.7M
Q2 24
$126.0M
$50.2M
Free Cash Flow
GTX
GTX
STEP
STEP
Q1 26
$49.0M
Q4 25
$78.0M
$26.7M
Q3 25
$90.0M
$15.9M
Q2 25
$143.0M
$45.2M
Q1 25
$30.0M
$-69.2M
Q4 24
$109.0M
$27.0M
Q3 24
$47.0M
$52.4M
Q2 24
$109.0M
$49.6M
FCF Margin
GTX
GTX
STEP
STEP
Q1 26
5.0%
Q4 25
8.8%
4.6%
Q3 25
10.0%
3.5%
Q2 25
15.7%
12.4%
Q1 25
3.4%
-18.3%
Q4 24
12.9%
8.0%
Q3 24
5.7%
19.3%
Q2 24
12.2%
26.6%
Capex Intensity
GTX
GTX
STEP
STEP
Q1 26
Q4 25
2.4%
0.1%
Q3 25
1.1%
0.1%
Q2 25
1.6%
0.3%
Q1 25
3.0%
0.7%
Q4 24
2.6%
0.2%
Q3 24
2.4%
0.5%
Q2 24
1.9%
0.3%
Cash Conversion
GTX
GTX
STEP
STEP
Q1 26
1.03×
Q4 25
1.18×
Q3 25
1.30×
Q2 25
1.82×
Q1 25
0.90×
Q4 24
1.31×
Q3 24
1.29×
3.05×
Q2 24
1.97×
3.76×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

GTX
GTX

Segment breakdown not available.

STEP
STEP

Other$210.1M36%
Management And Advisory Fees Net Focused Commingled Funds$143.3M24%
Carried Interest Allocation Focused Commingled Funds$85.1M15%
Carried Interest Allocation Separately Managed Accounts$63.6M11%
Carried Interest Allocation Realized$46.7M8%
Management And Advisory Fees Net Advisory And Other Services$18.3M3%
Legacy Carried Interest Allocation Focused Commingled Funds$10.3M2%
Income Based Incentive Fees$6.0M1%
Management And Advisory Fees Net Fund Reimbursement Revenues$3.1M1%

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