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Side-by-side financial comparison of Nextpower Inc. (NXT) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Nextpower Inc. is the larger business by last-quarter revenue ($909.4M vs $586.5M, roughly 1.6× StepStone Group Inc.). Nextpower Inc. runs the higher net margin — 14.4% vs -21.0%, a 35.5% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 33.9%). Nextpower Inc. produced more free cash flow last quarter ($118.5M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 11.1%).
Nextpower Inc. (NXT) is a global energy technology provider based in Fremont, California.
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.
NXT vs STEP — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $909.4M | $586.5M |
| Net Profit | $131.2M | $-123.5M |
| Gross Margin | 31.7% | — |
| Operating Margin | 19.4% | -33.2% |
| Net Margin | 14.4% | -21.0% |
| Revenue YoY | 33.9% | 73.0% |
| Net Profit YoY | 13.8% | 35.7% |
| EPS (diluted) | $0.85 | $-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 | $909.4M | $586.5M | ||
| Q3 25 | $905.3M | $454.2M | ||
| Q2 25 | $864.3M | $364.3M | ||
| Q1 25 | $924.3M | $377.7M | ||
| Q4 24 | $679.4M | $339.0M | ||
| Q3 24 | $635.6M | $271.7M | ||
| Q2 24 | $719.9M | $186.4M | ||
| Q1 24 | $736.5M | $356.8M |
| Q4 25 | $131.2M | $-123.5M | ||
| Q3 25 | $146.9M | $-366.1M | ||
| Q2 25 | $157.2M | $-38.4M | ||
| Q1 25 | $156.8M | $-18.5M | ||
| Q4 24 | $115.3M | $-192.0M | ||
| Q3 24 | $115.4M | $17.6M | ||
| Q2 24 | $121.7M | $13.3M | ||
| Q1 24 | $205.2M | $30.8M |
| Q4 25 | 31.7% | — | ||
| Q3 25 | 32.4% | — | ||
| Q2 25 | 32.6% | — | ||
| Q1 25 | 33.1% | — | ||
| Q4 24 | 35.5% | — | ||
| Q3 24 | 35.4% | — | ||
| Q2 24 | 33.0% | — | ||
| Q1 24 | 46.2% | — |
| Q4 25 | 19.4% | -33.2% | ||
| Q3 25 | 20.0% | -148.8% | ||
| Q2 25 | 21.5% | -5.6% | ||
| Q1 25 | 21.1% | 2.6% | ||
| Q4 24 | 22.1% | -101.7% | ||
| Q3 24 | 21.0% | 21.3% | ||
| Q2 24 | 22.2% | 29.4% | ||
| Q1 24 | 36.8% | 26.5% |
| Q4 25 | 14.4% | -21.0% | ||
| Q3 25 | 16.2% | -80.6% | ||
| Q2 25 | 18.2% | -10.5% | ||
| Q1 25 | 17.0% | -4.9% | ||
| Q4 24 | 17.0% | -56.6% | ||
| Q3 24 | 18.2% | 6.5% | ||
| Q2 24 | 16.9% | 7.2% | ||
| Q1 24 | 27.9% | 8.6% |
| Q4 25 | $0.85 | $-1.55 | ||
| Q3 25 | $0.97 | $-4.66 | ||
| Q2 25 | $1.04 | $-0.49 | ||
| Q1 25 | $1.05 | $-0.37 | ||
| Q4 24 | $0.79 | $-2.61 | ||
| Q3 24 | $0.79 | $0.26 | ||
| Q2 24 | $0.84 | $0.20 | ||
| Q1 24 | $1.52 | $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 | $952.6M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $2.2B | $-378.8M |
| Total Assets | $3.8B | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $952.6M | — | ||
| Q3 25 | $845.3M | — | ||
| Q2 25 | $743.4M | — | ||
| Q1 25 | $766.1M | — | ||
| Q4 24 | $693.5M | — | ||
| Q3 24 | $561.9M | — | ||
| Q2 24 | $471.9M | — | ||
| Q1 24 | $474.1M | — |
| 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 | $2.2B | $-378.8M | ||
| Q3 25 | $2.0B | $-233.5M | ||
| Q2 25 | $1.8B | $153.9M | ||
| Q1 25 | $1.6B | $179.4M | ||
| Q4 24 | $1.4B | $209.8M | ||
| Q3 24 | $1.3B | $397.5M | ||
| Q2 24 | $1.1B | $366.9M | ||
| Q1 24 | $961.0M | $324.5M |
| Q4 25 | $3.8B | $5.2B | ||
| Q3 25 | $3.7B | $5.3B | ||
| Q2 25 | $3.4B | $4.8B | ||
| Q1 25 | $3.2B | $4.6B | ||
| Q4 24 | $3.0B | $4.3B | ||
| Q3 24 | $2.8B | $4.0B | ||
| Q2 24 | $2.6B | $3.8B | ||
| Q1 24 | $2.5B | $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 | $123.3M | $27.2M |
| Free Cash FlowOCF − Capex | $118.5M | $26.7M |
| FCF MarginFCF / Revenue | 13.0% | 4.6% |
| Capex IntensityCapex / Revenue | 0.5% | 0.1% |
| Cash ConversionOCF / Net Profit | 0.94× | — |
| TTM Free Cash FlowTrailing 4 quarters | $587.3M | $18.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $123.3M | $27.2M | ||
| Q3 25 | $186.9M | $16.2M | ||
| Q2 25 | $81.3M | $46.3M | ||
| Q1 25 | $237.3M | $-66.5M | ||
| Q4 24 | $143.8M | $27.6M | ||
| Q3 24 | $153.8M | $53.7M | ||
| Q2 24 | $120.8M | $50.2M | ||
| Q1 24 | $111.5M | $7.6M |
| Q4 25 | $118.5M | $26.7M | ||
| Q3 25 | $171.4M | $15.9M | ||
| Q2 25 | $70.1M | $45.2M | ||
| Q1 25 | $227.2M | $-69.2M | ||
| Q4 24 | $134.9M | $27.0M | ||
| Q3 24 | $141.8M | $52.4M | ||
| Q2 24 | $118.0M | $49.6M | ||
| Q1 24 | $109.2M | $6.7M |
| Q4 25 | 13.0% | 4.6% | ||
| Q3 25 | 18.9% | 3.5% | ||
| Q2 25 | 8.1% | 12.4% | ||
| Q1 25 | 24.6% | -18.3% | ||
| Q4 24 | 19.9% | 8.0% | ||
| Q3 24 | 22.3% | 19.3% | ||
| Q2 24 | 16.4% | 26.6% | ||
| Q1 24 | 14.8% | 1.9% |
| Q4 25 | 0.5% | 0.1% | ||
| Q3 25 | 1.7% | 0.1% | ||
| Q2 25 | 1.3% | 0.3% | ||
| Q1 25 | 1.1% | 0.7% | ||
| Q4 24 | 1.3% | 0.2% | ||
| Q3 24 | 1.9% | 0.5% | ||
| Q2 24 | 0.4% | 0.3% | ||
| Q1 24 | 0.3% | 0.3% |
| Q4 25 | 0.94× | — | ||
| Q3 25 | 1.27× | — | ||
| Q2 25 | 0.52× | — | ||
| Q1 25 | 1.51× | — | ||
| Q4 24 | 1.25× | — | ||
| Q3 24 | 1.33× | 3.05× | ||
| Q2 24 | 0.99× | 3.76× | ||
| Q1 24 | 0.54× | 0.25× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
NXT
| Transferred Over Time | $763.9M | 84% |
| Transferred At Point In Time | $145.4M | 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% |
