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Side-by-side financial comparison of Hillenbrand, Inc. (HI) 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 $550.2M, roughly 1.1× Hillenbrand, Inc.). Hillenbrand, Inc. runs the higher net margin — -0.4% vs -21.0%, a 20.6% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -22.2%). StepStone Group Inc. produced more free cash flow last quarter ($26.7M vs $-31.6M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -16.3%).
Hillenbrand, Inc. is a global diversified industrial firm that designs, manufactures, and distributes specialized processing equipment and durable industrial solutions. It serves food & beverage, agriculture, manufacturing, waste management sectors, with operations across North America, Europe, and APAC.
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.
HI vs STEP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $550.2M | $586.5M |
| Net Profit | $-2.2M | $-123.5M |
| Gross Margin | 33.4% | — |
| Operating Margin | -2.2% | -33.2% |
| Net Margin | -0.4% | -21.0% |
| Revenue YoY | -22.2% | 73.0% |
| Net Profit YoY | -134.4% | 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.
| Q4 25 | $550.2M | $586.5M | ||
| Q3 25 | $652.1M | $454.2M | ||
| Q2 25 | $598.9M | $364.3M | ||
| Q1 25 | $715.9M | $377.7M | ||
| Q4 24 | $706.9M | $339.0M | ||
| Q3 24 | $837.6M | $271.7M | ||
| Q2 24 | $786.6M | $186.4M | ||
| Q1 24 | $785.3M | $356.8M |
| Q4 25 | $-2.2M | $-123.5M | ||
| Q3 25 | $75.7M | $-366.1M | ||
| Q2 25 | $1.9M | $-38.4M | ||
| Q1 25 | $-40.9M | $-18.5M | ||
| Q4 24 | $6.4M | $-192.0M | ||
| Q3 24 | $14.6M | $17.6M | ||
| Q2 24 | $-248.9M | $13.3M | ||
| Q1 24 | $6.1M | $30.8M |
| Q4 25 | 33.4% | — | ||
| Q3 25 | 34.8% | — | ||
| Q2 25 | 33.8% | — | ||
| Q1 25 | 33.0% | — | ||
| Q4 24 | 33.2% | — | ||
| Q3 24 | 34.4% | — | ||
| Q2 24 | 33.9% | — | ||
| Q1 24 | 31.9% | — |
| Q4 25 | -2.2% | -33.2% | ||
| Q3 25 | — | -148.8% | ||
| Q2 25 | 1.8% | -5.6% | ||
| Q1 25 | -6.2% | 2.6% | ||
| Q4 24 | 2.2% | -101.7% | ||
| Q3 24 | — | 21.3% | ||
| Q2 24 | -32.7% | 29.4% | ||
| Q1 24 | 1.6% | 26.5% |
| Q4 25 | -0.4% | -21.0% | ||
| Q3 25 | 11.6% | -80.6% | ||
| Q2 25 | 0.3% | -10.5% | ||
| Q1 25 | -5.7% | -4.9% | ||
| Q4 24 | 0.9% | -56.6% | ||
| Q3 24 | 1.7% | 6.5% | ||
| Q2 24 | -31.6% | 7.2% | ||
| Q1 24 | 0.8% | 8.6% |
| Q4 25 | — | $-1.55 | ||
| Q3 25 | $1.07 | $-4.66 | ||
| Q2 25 | $0.03 | $-0.49 | ||
| Q1 25 | $-0.58 | $-0.37 | ||
| Q4 24 | $0.09 | $-2.61 | ||
| Q3 24 | $0.20 | $0.26 | ||
| Q2 24 | $-3.53 | $0.20 | ||
| Q1 24 | $0.09 | $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 | $173.1M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $1.4B | $-378.8M |
| Total Assets | $4.5B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $173.1M | — | ||
| Q3 25 | $164.8M | — | ||
| Q2 25 | $162.8M | — | ||
| Q1 25 | $458.4M | — | ||
| Q4 24 | $208.0M | — | ||
| Q3 24 | $199.3M | — | ||
| Q2 24 | $223.8M | — | ||
| Q1 24 | $224.4M | — |
| Q4 25 | — | $270.2M | ||
| Q3 25 | $1.5B | $269.9M | ||
| Q2 25 | $1.7B | $269.6M | ||
| Q1 25 | $1.9B | $269.3M | ||
| Q4 24 | $1.9B | $168.9M | ||
| Q3 24 | $1.9B | $172.3M | ||
| Q2 24 | $2.1B | $172.1M | ||
| Q1 24 | $2.1B | $148.8M |
| Q4 25 | $1.4B | $-378.8M | ||
| Q3 25 | $1.4B | $-233.5M | ||
| Q2 25 | $1.3B | $153.9M | ||
| Q1 25 | $1.3B | $179.4M | ||
| Q4 24 | $1.4B | $209.8M | ||
| Q3 24 | $1.4B | $397.5M | ||
| Q2 24 | $1.4B | $366.9M | ||
| Q1 24 | $1.7B | $324.5M |
| Q4 25 | $4.5B | $5.2B | ||
| Q3 25 | $4.5B | $5.3B | ||
| Q2 25 | $4.7B | $4.8B | ||
| Q1 25 | $4.8B | $4.6B | ||
| Q4 24 | $5.1B | $4.3B | ||
| Q3 24 | $5.2B | $4.0B | ||
| Q2 24 | $5.3B | $3.8B | ||
| Q1 24 | $5.6B | $3.8B |
| Q4 25 | — | — | ||
| Q3 25 | 1.10× | — | ||
| Q2 25 | 1.27× | 1.75× | ||
| Q1 25 | 1.44× | 1.50× | ||
| Q4 24 | 1.38× | 0.81× | ||
| Q3 24 | 1.33× | 0.43× | ||
| Q2 24 | 1.48× | 0.47× | ||
| Q1 24 | 1.28× | 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 | $-27.4M | $27.2M |
| Free Cash FlowOCF − Capex | $-31.6M | $26.7M |
| FCF MarginFCF / Revenue | -5.7% | 4.6% |
| Capex IntensityCapex / Revenue | 0.8% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $7.8M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-27.4M | $27.2M | ||
| Q3 25 | $67.7M | $16.2M | ||
| Q2 25 | $-1.5M | $46.3M | ||
| Q1 25 | $1.3M | $-66.5M | ||
| Q4 24 | $-11.3M | $27.6M | ||
| Q3 24 | $166.5M | $53.7M | ||
| Q2 24 | $45.6M | $50.2M | ||
| Q1 24 | $3.2M | $7.6M |
| Q4 25 | $-31.6M | $26.7M | ||
| Q3 25 | $58.6M | $15.9M | ||
| Q2 25 | $-11.2M | $45.2M | ||
| Q1 25 | $-8.0M | $-69.2M | ||
| Q4 24 | $-21.5M | $27.0M | ||
| Q3 24 | $153.4M | $52.4M | ||
| Q2 24 | $29.7M | $49.6M | ||
| Q1 24 | $-9.6M | $6.7M |
| Q4 25 | -5.7% | 4.6% | ||
| Q3 25 | 9.0% | 3.5% | ||
| Q2 25 | -1.9% | 12.4% | ||
| Q1 25 | -1.1% | -18.3% | ||
| Q4 24 | -3.0% | 8.0% | ||
| Q3 24 | 18.3% | 19.3% | ||
| Q2 24 | 3.8% | 26.6% | ||
| Q1 24 | -1.2% | 1.9% |
| Q4 25 | 0.8% | 0.1% | ||
| Q3 25 | 1.4% | 0.1% | ||
| Q2 25 | 1.6% | 0.3% | ||
| Q1 25 | 1.3% | 0.7% | ||
| Q4 24 | 1.4% | 0.2% | ||
| Q3 24 | 1.6% | 0.5% | ||
| Q2 24 | 2.0% | 0.3% | ||
| Q1 24 | 1.6% | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | 0.89× | — | ||
| Q2 25 | -0.79× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | -1.77× | — | ||
| Q3 24 | 11.40× | 3.05× | ||
| Q2 24 | — | 3.76× | ||
| Q1 24 | 0.52× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
HI
| Transferred At Point In Time | $256.5M | 47% |
| Transferred Over Time | $207.1M | 38% |
| Molding Technology Solutions | $86.6M | 16% |
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% |
