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Side-by-side financial comparison of Noble Corp plc (NE) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Noble Corp plc is the larger business by last-quarter revenue ($764.4M vs $586.5M, roughly 1.3× StepStone Group Inc.). Noble Corp plc runs the higher net margin — 11.3% vs -21.0%, a 32.4% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -17.6%). Noble Corp plc produced more free cash flow last quarter ($35.4M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 9.5%).
Barnes & Noble Booksellers is an American bookseller with the largest number of retail outlets in the United States. The company operates approximately 700+ retail stores across the United States.
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.
NE vs STEP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $764.4M | $586.5M |
| Net Profit | $86.6M | $-123.5M |
| Gross Margin | — | — |
| Operating Margin | 5.6% | -33.2% |
| Net Margin | 11.3% | -21.0% |
| Revenue YoY | -17.6% | 73.0% |
| Net Profit YoY | -10.4% | 35.7% |
| EPS (diluted) | $0.54 | $-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 | $764.4M | $586.5M | ||
| Q3 25 | $798.0M | $454.2M | ||
| Q2 25 | $848.7M | $364.3M | ||
| Q1 25 | $874.5M | $377.7M | ||
| Q4 24 | $927.3M | $339.0M | ||
| Q3 24 | $800.5M | $271.7M | ||
| Q2 24 | $692.8M | $186.4M | ||
| Q1 24 | $637.1M | $356.8M |
| Q4 25 | $86.6M | $-123.5M | ||
| Q3 25 | $-21.1M | $-366.1M | ||
| Q2 25 | $42.9M | $-38.4M | ||
| Q1 25 | $108.3M | $-18.5M | ||
| Q4 24 | $96.6M | $-192.0M | ||
| Q3 24 | $61.2M | $17.6M | ||
| Q2 24 | $195.0M | $13.3M | ||
| Q1 24 | $95.5M | $30.8M |
| Q4 25 | 5.6% | -33.2% | ||
| Q3 25 | 6.3% | -148.8% | ||
| Q2 25 | 15.9% | -5.6% | ||
| Q1 25 | 21.4% | 2.6% | ||
| Q4 24 | 18.4% | -101.7% | ||
| Q3 24 | 14.4% | 21.3% | ||
| Q2 24 | 30.3% | 29.4% | ||
| Q1 24 | 16.9% | 26.5% |
| Q4 25 | 11.3% | -21.0% | ||
| Q3 25 | -2.6% | -80.6% | ||
| Q2 25 | 5.1% | -10.5% | ||
| Q1 25 | 12.4% | -4.9% | ||
| Q4 24 | 10.4% | -56.6% | ||
| Q3 24 | 7.6% | 6.5% | ||
| Q2 24 | 28.1% | 7.2% | ||
| Q1 24 | 15.0% | 8.6% |
| Q4 25 | $0.54 | $-1.55 | ||
| Q3 25 | $-0.13 | $-4.66 | ||
| Q2 25 | $0.27 | $-0.49 | ||
| Q1 25 | $0.67 | $-0.37 | ||
| Q4 24 | $0.56 | $-2.61 | ||
| Q3 24 | $0.40 | $0.26 | ||
| Q2 24 | $1.34 | $0.20 | ||
| Q1 24 | $0.66 | $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 | $471.4M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $4.5B | $-378.8M |
| Total Assets | $7.5B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $471.4M | — | ||
| Q3 25 | $477.9M | — | ||
| Q2 25 | $338.2M | — | ||
| Q1 25 | $303.8M | — | ||
| Q4 24 | $247.3M | — | ||
| Q3 24 | $391.9M | — | ||
| Q2 24 | $162.9M | — | ||
| Q1 24 | $212.5M | — |
| 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 | $4.5B | $-378.8M | ||
| Q3 25 | $4.5B | $-233.5M | ||
| Q2 25 | $4.6B | $153.9M | ||
| Q1 25 | $4.7B | $179.4M | ||
| Q4 24 | $4.7B | $209.8M | ||
| Q3 24 | $4.7B | $397.5M | ||
| Q2 24 | $4.0B | $366.9M | ||
| Q1 24 | $3.9B | $324.5M |
| Q4 25 | $7.5B | $5.2B | ||
| Q3 25 | $7.6B | $5.3B | ||
| Q2 25 | $7.7B | $4.8B | ||
| Q1 25 | $7.9B | $4.6B | ||
| Q4 24 | $8.0B | $4.3B | ||
| Q3 24 | $8.0B | $4.0B | ||
| Q2 24 | $5.6B | $3.8B | ||
| Q1 24 | $5.4B | $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 | $187.1M | $27.2M |
| Free Cash FlowOCF − Capex | $35.4M | $26.7M |
| FCF MarginFCF / Revenue | 4.6% | 4.6% |
| Capex IntensityCapex / Revenue | 19.9% | 0.1% |
| Cash ConversionOCF / Net Profit | 2.16× | — |
| TTM Free Cash FlowTrailing 4 quarters | $432.2M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $187.1M | $27.2M | ||
| Q3 25 | $277.1M | $16.2M | ||
| Q2 25 | $216.4M | $46.3M | ||
| Q1 25 | $271.1M | $-66.5M | ||
| Q4 24 | $136.2M | $27.6M | ||
| Q3 24 | $283.8M | $53.7M | ||
| Q2 24 | $106.8M | $50.2M | ||
| Q1 24 | $128.7M | $7.6M |
| Q4 25 | $35.4M | $26.7M | ||
| Q3 25 | $139.5M | $15.9M | ||
| Q2 25 | $99.8M | $45.2M | ||
| Q1 25 | $157.5M | $-69.2M | ||
| Q4 24 | $-4.4M | $27.0M | ||
| Q3 24 | $156.8M | $52.4M | ||
| Q2 24 | $-34.3M | $49.6M | ||
| Q1 24 | $-37.9M | $6.7M |
| Q4 25 | 4.6% | 4.6% | ||
| Q3 25 | 17.5% | 3.5% | ||
| Q2 25 | 11.8% | 12.4% | ||
| Q1 25 | 18.0% | -18.3% | ||
| Q4 24 | -0.5% | 8.0% | ||
| Q3 24 | 19.6% | 19.3% | ||
| Q2 24 | -4.9% | 26.6% | ||
| Q1 24 | -6.0% | 1.9% |
| Q4 25 | 19.9% | 0.1% | ||
| Q3 25 | 17.3% | 0.1% | ||
| Q2 25 | 13.7% | 0.3% | ||
| Q1 25 | 13.0% | 0.7% | ||
| Q4 24 | 15.2% | 0.2% | ||
| Q3 24 | 15.9% | 0.5% | ||
| Q2 24 | 20.4% | 0.3% | ||
| Q1 24 | 26.2% | 0.3% |
| Q4 25 | 2.16× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 5.05× | — | ||
| Q1 25 | 2.50× | — | ||
| Q4 24 | 1.41× | — | ||
| Q3 24 | 4.64× | 3.05× | ||
| Q2 24 | 0.55× | 3.76× | ||
| Q1 24 | 1.35× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NE
| Floaters | $559.8M | 73% |
| Jackups | $145.5M | 19% |
| Service Other | $59.1M | 8% |
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% |
