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Side-by-side financial comparison of MATERION Corp (MTRN) 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 $549.8M, roughly 1.1× MATERION Corp). MATERION Corp runs the higher net margin — 3.5% vs -21.0%, a 24.6% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 30.8%). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 13.6%).
Materion Corp. is a multinational company specializing in high-performance advanced materials. Among its products are advanced beryllium metals, thin film deposition materials, high-performance alloys and composites, specialty engineered beryllium, engineered metals, technical ceramics, tantalum, niobium, other precious and non-precious metals, inorganic chemicals, and specialty coatings.
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.
MTRN vs STEP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $549.8M | $586.5M |
| Net Profit | $19.4M | $-123.5M |
| Gross Margin | 14.9% | — |
| Operating Margin | 5.1% | -33.2% |
| Net Margin | 3.5% | -21.0% |
| Revenue YoY | 30.8% | 73.0% |
| Net Profit YoY | 9.5% | 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.
| Q1 26 | $549.8M | — | ||
| Q4 25 | $489.8M | $586.5M | ||
| Q3 25 | $444.8M | $454.2M | ||
| Q2 25 | $431.7M | $364.3M | ||
| Q1 25 | $420.3M | $377.7M | ||
| Q4 24 | $436.9M | $339.0M | ||
| Q3 24 | $436.7M | $271.7M | ||
| Q2 24 | $425.9M | $186.4M |
| Q1 26 | $19.4M | — | ||
| Q4 25 | $6.6M | $-123.5M | ||
| Q3 25 | $25.4M | $-366.1M | ||
| Q2 25 | $25.1M | $-38.4M | ||
| Q1 25 | $17.7M | $-18.5M | ||
| Q4 24 | $-48.9M | $-192.0M | ||
| Q3 24 | $22.3M | $17.6M | ||
| Q2 24 | $19.0M | $13.3M |
| Q1 26 | 14.9% | — | ||
| Q4 25 | 13.0% | — | ||
| Q3 25 | 19.4% | — | ||
| Q2 25 | 19.1% | — | ||
| Q1 25 | 18.1% | — | ||
| Q4 24 | 21.3% | — | ||
| Q3 24 | 18.5% | — | ||
| Q2 24 | 19.0% | — |
| Q1 26 | 5.1% | — | ||
| Q4 25 | 2.2% | -33.2% | ||
| Q3 25 | 7.9% | -148.8% | ||
| Q2 25 | 8.5% | -5.6% | ||
| Q1 25 | 6.5% | 2.6% | ||
| Q4 24 | -8.8% | -101.7% | ||
| Q3 24 | 7.2% | 21.3% | ||
| Q2 24 | 7.5% | 29.4% |
| Q1 26 | 3.5% | — | ||
| Q4 25 | 1.3% | -21.0% | ||
| Q3 25 | 5.7% | -80.6% | ||
| Q2 25 | 5.8% | -10.5% | ||
| Q1 25 | 4.2% | -4.9% | ||
| Q4 24 | -11.2% | -56.6% | ||
| Q3 24 | 5.1% | 6.5% | ||
| Q2 24 | 4.5% | 7.2% |
| Q1 26 | — | — | ||
| Q4 25 | $0.30 | $-1.55 | ||
| Q3 25 | $1.22 | $-4.66 | ||
| Q2 25 | $1.21 | $-0.49 | ||
| Q1 25 | $0.85 | $-0.37 | ||
| Q4 24 | $-2.34 | $-2.61 | ||
| Q3 24 | $1.07 | $0.26 | ||
| Q2 24 | $0.91 | $0.20 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $16.2M | — |
| Total DebtLower is stronger | $489.9M | $270.2M |
| Stockholders' EquityBook value | $957.0M | $-378.8M |
| Total Assets | $1.9B | $5.2B |
| Debt / EquityLower = less leverage | 0.51× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $16.2M | — | ||
| Q4 25 | $13.7M | — | ||
| Q3 25 | $16.4M | — | ||
| Q2 25 | $12.6M | — | ||
| Q1 25 | $15.6M | — | ||
| Q4 24 | $16.7M | — | ||
| Q3 24 | $17.9M | — | ||
| Q2 24 | $17.1M | — |
| Q1 26 | $489.9M | — | ||
| Q4 25 | $460.6M | $270.2M | ||
| Q3 25 | $458.9M | $269.9M | ||
| Q2 25 | $427.6M | $269.6M | ||
| Q1 25 | $453.0M | $269.3M | ||
| Q4 24 | $443.9M | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M |
| Q1 26 | $957.0M | — | ||
| Q4 25 | $943.3M | $-378.8M | ||
| Q3 25 | $934.6M | $-233.5M | ||
| Q2 25 | $910.6M | $153.9M | ||
| Q1 25 | $887.9M | $179.4M | ||
| Q4 24 | $868.9M | $209.8M | ||
| Q3 24 | $931.9M | $397.5M | ||
| Q2 24 | $907.1M | $366.9M |
| Q1 26 | $1.9B | — | ||
| Q4 25 | $1.8B | $5.2B | ||
| Q3 25 | $1.8B | $5.3B | ||
| Q2 25 | $1.7B | $4.8B | ||
| Q1 25 | $1.8B | $4.6B | ||
| Q4 24 | $1.7B | $4.3B | ||
| Q3 24 | $1.9B | $4.0B | ||
| Q2 24 | $1.8B | $3.8B |
| Q1 26 | 0.51× | — | ||
| Q4 25 | 0.49× | — | ||
| Q3 25 | 0.49× | — | ||
| Q2 25 | 0.47× | 1.75× | ||
| Q1 25 | 0.51× | 1.50× | ||
| Q4 24 | 0.51× | 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 | | |
|---|---|---|
| Operating Cash FlowLast quarter | — | $27.2M |
| Free Cash FlowOCF − Capex | — | $26.7M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $19.5M | $27.2M | ||
| Q3 25 | $18.3M | $16.2M | ||
| Q2 25 | $49.9M | $46.3M | ||
| Q1 25 | $15.5M | $-66.5M | ||
| Q4 24 | $76.3M | $27.6M | ||
| Q3 24 | $5.1M | $53.7M | ||
| Q2 24 | $20.3M | $50.2M |
| Q1 26 | — | — | ||
| Q4 25 | — | $26.7M | ||
| Q3 25 | — | $15.9M | ||
| Q2 25 | — | $45.2M | ||
| Q1 25 | $3.2M | $-69.2M | ||
| Q4 24 | — | $27.0M | ||
| Q3 24 | $-24.3M | $52.4M | ||
| Q2 24 | — | $49.6M |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.6% | ||
| Q3 25 | — | 3.5% | ||
| Q2 25 | — | 12.4% | ||
| Q1 25 | 0.8% | -18.3% | ||
| Q4 24 | — | 8.0% | ||
| Q3 24 | -5.6% | 19.3% | ||
| Q2 24 | — | 26.6% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.3% | ||
| Q1 25 | 2.9% | 0.7% | ||
| Q4 24 | — | 0.2% | ||
| Q3 24 | 6.7% | 0.5% | ||
| Q2 24 | — | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | 2.97× | — | ||
| Q3 25 | 0.72× | — | ||
| Q2 25 | 1.99× | — | ||
| Q1 25 | 0.88× | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 0.23× | 3.05× | ||
| Q2 24 | 1.07× | 3.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
MTRN
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% |
