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Side-by-side financial comparison of Magnera Corp (MAGN) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Magnera Corp is the larger business by last-quarter revenue ($792.0M vs $586.5M, roughly 1.4× StepStone Group Inc.). Magnera Corp runs the higher net margin — -4.3% vs -21.0%, a 16.8% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 12.8%). StepStone Group Inc. produced more free cash flow last quarter ($26.7M vs $-13.0M). Over the past eight quarters, Magnera Corp's revenue compounded faster (54.9% CAGR vs 28.2%).
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.
MAGN vs STEP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $792.0M | $586.5M |
| Net Profit | $-34.0M | $-123.5M |
| Gross Margin | 12.2% | — |
| Operating Margin | 1.8% | -33.2% |
| Net Margin | -4.3% | -21.0% |
| Revenue YoY | 12.8% | 73.0% |
| Net Profit YoY | 43.3% | 35.7% |
| EPS (diluted) | $-0.95 | $-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 | $792.0M | $586.5M | ||
| Q3 25 | — | $454.2M | ||
| Q2 25 | $839.0M | $364.3M | ||
| Q1 25 | $824.0M | $377.7M | ||
| Q4 24 | $702.0M | $339.0M | ||
| Q3 24 | $332.1M | $271.7M | ||
| Q2 24 | $556.0M | $186.4M | ||
| Q1 24 | $558.0M | $356.8M |
| Q4 25 | $-34.0M | $-123.5M | ||
| Q3 25 | — | $-366.1M | ||
| Q2 25 | $-18.0M | $-38.4M | ||
| Q1 25 | $-41.0M | $-18.5M | ||
| Q4 24 | $-60.0M | $-192.0M | ||
| Q3 24 | $-15.2M | $17.6M | ||
| Q2 24 | $19.0M | $13.3M | ||
| Q1 24 | $14.0M | $30.8M |
| Q4 25 | 12.2% | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 10.7% | — | ||
| Q1 25 | 10.7% | — | ||
| Q4 24 | 10.1% | — | ||
| Q3 24 | 10.7% | — | ||
| Q2 24 | 6.6% | — | ||
| Q1 24 | 6.2% | — |
| Q4 25 | 1.8% | -33.2% | ||
| Q3 25 | — | -148.8% | ||
| Q2 25 | 1.5% | -5.6% | ||
| Q1 25 | 0.5% | 2.6% | ||
| Q4 24 | -3.1% | -101.7% | ||
| Q3 24 | 0.9% | 21.3% | ||
| Q2 24 | 3.1% | 29.4% | ||
| Q1 24 | 3.8% | 26.5% |
| Q4 25 | -4.3% | -21.0% | ||
| Q3 25 | — | -80.6% | ||
| Q2 25 | -2.1% | -10.5% | ||
| Q1 25 | -5.0% | -4.9% | ||
| Q4 24 | -8.5% | -56.6% | ||
| Q3 24 | -4.6% | 6.5% | ||
| Q2 24 | 3.4% | 7.2% | ||
| Q1 24 | 2.5% | 8.6% |
| Q4 25 | $-0.95 | $-1.55 | ||
| Q3 25 | — | $-4.66 | ||
| Q2 25 | $-0.51 | $-0.49 | ||
| Q1 25 | $-1.15 | $-0.37 | ||
| Q4 24 | $-1.69 | $-2.61 | ||
| Q3 24 | $-0.33 | $0.26 | ||
| Q2 24 | $0.60 | $0.20 | ||
| Q1 24 | $0.44 | $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 | $264.0M | — |
| Total DebtLower is stronger | $1.9B | $270.2M |
| Stockholders' EquityBook value | $1.0B | $-378.8M |
| Total Assets | $3.9B | $5.2B |
| Debt / EquityLower = less leverage | 1.86× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $264.0M | — | ||
| Q3 25 | — | — | ||
| Q2 25 | $276.0M | — | ||
| Q1 25 | $282.0M | — | ||
| Q4 24 | $215.0M | — | ||
| Q3 24 | $230.0M | — | ||
| Q2 24 | $33.9M | — | ||
| Q1 24 | $30.2M | — |
| Q4 25 | $1.9B | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | $2.0B | $269.6M | ||
| Q1 25 | $2.0B | $269.3M | ||
| Q4 24 | $2.0B | $168.9M | ||
| Q3 24 | $2.0B | $172.3M | ||
| Q2 24 | $877.4M | $172.1M | ||
| Q1 24 | $884.7M | $148.8M |
| Q4 25 | $1.0B | $-378.8M | ||
| Q3 25 | — | $-233.5M | ||
| Q2 25 | $1.1B | $153.9M | ||
| Q1 25 | $1.1B | $179.4M | ||
| Q4 24 | $1.1B | $209.8M | ||
| Q3 24 | $2.1B | $397.5M | ||
| Q2 24 | $2.4B | $366.9M | ||
| Q1 24 | $2.4B | $324.5M |
| Q4 25 | $3.9B | $5.2B | ||
| Q3 25 | — | $5.3B | ||
| Q2 25 | $4.1B | $4.8B | ||
| Q1 25 | $4.1B | $4.6B | ||
| Q4 24 | $4.0B | $4.3B | ||
| Q3 24 | $2.8B | $4.0B | ||
| Q2 24 | $1.5B | $3.8B | ||
| Q1 24 | $1.5B | $3.8B |
| Q4 25 | 1.86× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.77× | 1.75× | ||
| Q1 25 | 1.83× | 1.50× | ||
| Q4 24 | 1.80× | 0.81× | ||
| Q3 24 | 0.91× | 0.43× | ||
| Q2 24 | 0.37× | 0.47× | ||
| Q1 24 | 0.36× | 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 | $2.0M | $27.2M |
| Free Cash FlowOCF − Capex | $-13.0M | $26.7M |
| FCF MarginFCF / Revenue | -1.6% | 4.6% |
| Capex IntensityCapex / Revenue | 1.9% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $2.0M | $27.2M | ||
| Q3 25 | — | $16.2M | ||
| Q2 25 | $0 | $46.3M | ||
| Q1 25 | $65.0M | $-66.5M | ||
| Q4 24 | $-58.0M | $27.6M | ||
| Q3 24 | $12.2M | $53.7M | ||
| Q2 24 | $38.0M | $50.2M | ||
| Q1 24 | $20.0M | $7.6M |
| Q4 25 | $-13.0M | $26.7M | ||
| Q3 25 | — | $15.9M | ||
| Q2 25 | — | $45.2M | ||
| Q1 25 | $42.0M | $-69.2M | ||
| Q4 24 | $-74.0M | $27.0M | ||
| Q3 24 | $3.6M | $52.4M | ||
| Q2 24 | $23.0M | $49.6M | ||
| Q1 24 | $12.5M | $6.7M |
| Q4 25 | -1.6% | 4.6% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | 5.1% | -18.3% | ||
| Q4 24 | -10.5% | 8.0% | ||
| Q3 24 | 1.1% | 19.3% | ||
| Q2 24 | 4.1% | 26.6% | ||
| Q1 24 | 2.2% | 1.9% |
| Q4 25 | 1.9% | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | 1.5% | 0.3% | ||
| Q1 25 | 2.8% | 0.7% | ||
| Q4 24 | 2.3% | 0.2% | ||
| Q3 24 | 2.6% | 0.5% | ||
| Q2 24 | 2.7% | 0.3% | ||
| Q1 24 | 1.3% | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | 3.05× | ||
| Q2 24 | 2.00× | 3.76× | ||
| Q1 24 | 1.43× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MAGN
| Other | $451.0M | 57% |
| United States And Canada | $341.0M | 43% |
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% |
