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Side-by-side financial comparison of Enpro Inc. (NPO) 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 $295.4M, roughly 2.0× Enpro Inc.). Enpro Inc. runs the higher net margin — -10.8% vs -21.0%, a 10.2% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 14.3%). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 7.1%).
Enpro is a US-based industrial technology company that designs and manufactures products and materials for technology-intensive sectors. The company serves industries such as semiconductors, aerospace, power generation, heavy-duty trucking, agricultural machinery, chemical processing, pulp and paper, and life sciences from 61 primary manufacturing facilities located in 12 countries, worldwide. It is organized under three segments: Sealing Technologies, Advanced Surface Technologies, and Engin...
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.
NPO vs STEP — Head-to-Head
Income Statement — Q4 FY2025 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $295.4M | $586.5M |
| Net Profit | $-32.0M | $-123.5M |
| Gross Margin | 42.1% | — |
| Operating Margin | 11.2% | -33.2% |
| Net Margin | -10.8% | -21.0% |
| Revenue YoY | 14.3% | 73.0% |
| Net Profit YoY | -330.2% | 35.7% |
| EPS (diluted) | $-1.50 | $-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 | $295.4M | $586.5M | ||
| Q3 25 | $286.6M | $454.2M | ||
| Q2 25 | $288.1M | $364.3M | ||
| Q1 25 | $273.2M | $377.7M | ||
| Q4 24 | $258.4M | $339.0M | ||
| Q3 24 | $260.9M | $271.7M | ||
| Q2 24 | $271.9M | $186.4M | ||
| Q1 24 | $257.5M | $356.8M |
| Q4 25 | $-32.0M | $-123.5M | ||
| Q3 25 | $21.6M | $-366.1M | ||
| Q2 25 | $26.4M | $-38.4M | ||
| Q1 25 | $24.5M | $-18.5M | ||
| Q4 24 | $13.9M | $-192.0M | ||
| Q3 24 | $19.8M | $17.6M | ||
| Q2 24 | $26.7M | $13.3M | ||
| Q1 24 | $12.5M | $30.8M |
| Q4 25 | 42.1% | — | ||
| Q3 25 | 41.9% | — | ||
| Q2 25 | 43.3% | — | ||
| Q1 25 | 43.3% | — | ||
| Q4 24 | 42.3% | — | ||
| Q3 24 | 42.3% | — | ||
| Q2 24 | 43.8% | — | ||
| Q1 24 | 41.2% | — |
| Q4 25 | 11.2% | -33.2% | ||
| Q3 25 | 14.3% | -148.8% | ||
| Q2 25 | 15.9% | -5.6% | ||
| Q1 25 | 15.3% | 2.6% | ||
| Q4 24 | 12.5% | -101.7% | ||
| Q3 24 | 13.1% | 21.3% | ||
| Q2 24 | 17.7% | 29.4% | ||
| Q1 24 | 10.9% | 26.5% |
| Q4 25 | -10.8% | -21.0% | ||
| Q3 25 | 7.5% | -80.6% | ||
| Q2 25 | 9.2% | -10.5% | ||
| Q1 25 | 9.0% | -4.9% | ||
| Q4 24 | 5.4% | -56.6% | ||
| Q3 24 | 7.6% | 6.5% | ||
| Q2 24 | 9.8% | 7.2% | ||
| Q1 24 | 4.9% | 8.6% |
| Q4 25 | $-1.50 | $-1.55 | ||
| Q3 25 | $1.01 | $-4.66 | ||
| Q2 25 | $1.25 | $-0.49 | ||
| Q1 25 | $1.15 | $-0.37 | ||
| Q4 24 | $0.65 | $-2.61 | ||
| Q3 24 | $0.94 | $0.26 | ||
| Q2 24 | $1.27 | $0.20 | ||
| Q1 24 | $0.59 | $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 | $114.7M | — |
| Total DebtLower is stronger | $655.3M | $270.2M |
| Stockholders' EquityBook value | $1.5B | $-378.8M |
| Total Assets | $2.7B | $5.2B |
| Debt / EquityLower = less leverage | 0.42× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $114.7M | — | ||
| Q3 25 | $132.9M | — | ||
| Q2 25 | $107.1M | — | ||
| Q1 25 | $240.3M | — | ||
| Q4 24 | $236.3M | — | ||
| Q3 24 | $206.9M | — | ||
| Q2 24 | $175.9M | — | ||
| Q1 24 | $163.9M | — |
| Q4 25 | $655.3M | $270.2M | ||
| Q3 25 | — | $269.9M | ||
| Q2 25 | — | $269.6M | ||
| Q1 25 | — | $269.3M | ||
| Q4 24 | $640.1M | $168.9M | ||
| Q3 24 | — | $172.3M | ||
| Q2 24 | — | $172.1M | ||
| Q1 24 | $644.9M | $148.8M |
| Q4 25 | $1.5B | $-378.8M | ||
| Q3 25 | $1.5B | $-233.5M | ||
| Q2 25 | $1.5B | $153.9M | ||
| Q1 25 | $1.5B | $179.4M | ||
| Q4 24 | $1.4B | $209.8M | ||
| Q3 24 | $1.5B | $397.5M | ||
| Q2 24 | $1.4B | $366.9M | ||
| Q1 24 | $1.4B | $324.5M |
| Q4 25 | $2.7B | $5.2B | ||
| Q3 25 | $2.4B | $5.3B | ||
| Q2 25 | $2.4B | $4.8B | ||
| Q1 25 | $2.5B | $4.6B | ||
| Q4 24 | $2.5B | $4.3B | ||
| Q3 24 | $2.5B | $4.0B | ||
| Q2 24 | $2.5B | $3.8B | ||
| Q1 24 | $2.5B | $3.8B |
| Q4 25 | 0.42× | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.75× | ||
| Q1 25 | — | 1.50× | ||
| Q4 24 | 0.45× | 0.81× | ||
| Q3 24 | — | 0.43× | ||
| Q2 24 | — | 0.47× | ||
| Q1 24 | 0.46× | 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 | — | $27.2M |
| Free Cash FlowOCF − Capex | — | $26.7M |
| FCF MarginFCF / Revenue | — | 4.6% |
| Capex IntensityCapex / Revenue | 4.1% | 0.1% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $27.2M | ||
| Q3 25 | $65.3M | $16.2M | ||
| Q2 25 | $52.2M | $46.3M | ||
| Q1 25 | $21.0M | $-66.5M | ||
| Q4 24 | $59.4M | $27.6M | ||
| Q3 24 | $54.0M | $53.7M | ||
| Q2 24 | $43.2M | $50.2M | ||
| Q1 24 | $6.3M | $7.6M |
| Q4 25 | — | $26.7M | ||
| Q3 25 | $53.4M | $15.9M | ||
| Q2 25 | $42.3M | $45.2M | ||
| Q1 25 | $13.0M | $-69.2M | ||
| Q4 24 | $49.1M | $27.0M | ||
| Q3 24 | $48.3M | $52.4M | ||
| Q2 24 | $38.3M | $49.6M | ||
| Q1 24 | $-1.9M | $6.7M |
| Q4 25 | — | 4.6% | ||
| Q3 25 | 18.6% | 3.5% | ||
| Q2 25 | 14.7% | 12.4% | ||
| Q1 25 | 4.8% | -18.3% | ||
| Q4 24 | 19.0% | 8.0% | ||
| Q3 24 | 18.5% | 19.3% | ||
| Q2 24 | 14.1% | 26.6% | ||
| Q1 24 | -0.7% | 1.9% |
| Q4 25 | 4.1% | 0.1% | ||
| Q3 25 | 4.2% | 0.1% | ||
| Q2 25 | 3.4% | 0.3% | ||
| Q1 25 | 2.9% | 0.7% | ||
| Q4 24 | 4.0% | 0.2% | ||
| Q3 24 | 2.2% | 0.5% | ||
| Q2 24 | 1.8% | 0.3% | ||
| Q1 24 | 3.2% | 0.3% |
| Q4 25 | — | — | ||
| Q3 25 | 3.02× | — | ||
| Q2 25 | 1.98× | — | ||
| Q1 25 | 0.86× | — | ||
| Q4 24 | 4.27× | — | ||
| Q3 24 | 2.73× | 3.05× | ||
| Q2 24 | 1.62× | 3.76× | ||
| Q1 24 | 0.50× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NPO
| Sealing Technologies Segment | $187.0M | 63% |
| General Industrial | $71.3M | 24% |
| Power Generation | $19.9M | 7% |
| Oiland Gas Market | $15.0M | 5% |
| Semiconductors | $2.2M | 1% |
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% |
