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Side-by-side financial comparison of PRECISION DRILLING Corp (PDS) 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 $299.5M, roughly 2.0× PRECISION DRILLING Corp).

Precision Drilling Corporation is the largest drilling rig contractor in Canada, also providing oil field rental and supplies.

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.

PDS vs STEP — Head-to-Head

Bigger by revenue
STEP
STEP
2.0× larger
STEP
$586.5M
$299.5M
PDS

Income Statement — Q3 FY2025 vs Q3 FY2026

Metric
PDS
PDS
STEP
STEP
Revenue
$299.5M
$586.5M
Net Profit
$-123.5M
Gross Margin
Operating Margin
-33.2%
Net Margin
-21.0%
Revenue YoY
73.0%
Net Profit YoY
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.

Revenue
PDS
PDS
STEP
STEP
Q4 25
$299.5M
$586.5M
Q3 25
$454.2M
Q2 25
$364.3M
Q1 25
$377.7M
Q4 24
$339.0M
Q3 24
$271.7M
Q2 24
$186.4M
Q1 24
$356.8M
Net Profit
PDS
PDS
STEP
STEP
Q4 25
$-123.5M
Q3 25
$-366.1M
Q2 25
$-38.4M
Q1 25
$-18.5M
Q4 24
$-192.0M
Q3 24
$17.6M
Q2 24
$13.3M
Q1 24
$30.8M
Operating Margin
PDS
PDS
STEP
STEP
Q4 25
-33.2%
Q3 25
-148.8%
Q2 25
-5.6%
Q1 25
2.6%
Q4 24
-101.7%
Q3 24
21.3%
Q2 24
29.4%
Q1 24
26.5%
Net Margin
PDS
PDS
STEP
STEP
Q4 25
-21.0%
Q3 25
-80.6%
Q2 25
-10.5%
Q1 25
-4.9%
Q4 24
-56.6%
Q3 24
6.5%
Q2 24
7.2%
Q1 24
8.6%
EPS (diluted)
PDS
PDS
STEP
STEP
Q4 25
$-1.55
Q3 25
$-4.66
Q2 25
$-0.49
Q1 25
$-0.37
Q4 24
$-2.61
Q3 24
$0.26
Q2 24
$0.20
Q1 24
$0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
PDS
PDS
STEP
STEP
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$270.2M
Stockholders' EquityBook value
$-378.8M
Total Assets
$5.2B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Total Debt
PDS
PDS
STEP
STEP
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
Stockholders' Equity
PDS
PDS
STEP
STEP
Q4 25
$-378.8M
Q3 25
$-233.5M
Q2 25
$153.9M
Q1 25
$179.4M
Q4 24
$209.8M
Q3 24
$397.5M
Q2 24
$366.9M
Q1 24
$324.5M
Total Assets
PDS
PDS
STEP
STEP
Q4 25
$5.2B
Q3 25
$5.3B
Q2 25
$4.8B
Q1 25
$4.6B
Q4 24
$4.3B
Q3 24
$4.0B
Q2 24
$3.8B
Q1 24
$3.8B
Debt / Equity
PDS
PDS
STEP
STEP
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
PDS
PDS
STEP
STEP
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.

Operating Cash Flow
PDS
PDS
STEP
STEP
Q4 25
$27.2M
Q3 25
$16.2M
Q2 25
$46.3M
Q1 25
$-66.5M
Q4 24
$27.6M
Q3 24
$53.7M
Q2 24
$50.2M
Q1 24
$7.6M
Free Cash Flow
PDS
PDS
STEP
STEP
Q4 25
$26.7M
Q3 25
$15.9M
Q2 25
$45.2M
Q1 25
$-69.2M
Q4 24
$27.0M
Q3 24
$52.4M
Q2 24
$49.6M
Q1 24
$6.7M
FCF Margin
PDS
PDS
STEP
STEP
Q4 25
4.6%
Q3 25
3.5%
Q2 25
12.4%
Q1 25
-18.3%
Q4 24
8.0%
Q3 24
19.3%
Q2 24
26.6%
Q1 24
1.9%
Capex Intensity
PDS
PDS
STEP
STEP
Q4 25
0.1%
Q3 25
0.1%
Q2 25
0.3%
Q1 25
0.7%
Q4 24
0.2%
Q3 24
0.5%
Q2 24
0.3%
Q1 24
0.3%
Cash Conversion
PDS
PDS
STEP
STEP
Q4 25
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
3.05×
Q2 24
3.76×
Q1 24
0.25×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

PDS
PDS

Segment breakdown not available.

STEP
STEP

Other$210.1M36%
Management And Advisory Fees Net Focused Commingled Funds$143.3M24%
Carried Interest Allocation Focused Commingled Funds$85.1M15%
Carried Interest Allocation Separately Managed Accounts$63.6M11%
Carried Interest Allocation Realized$46.7M8%
Management And Advisory Fees Net Advisory And Other Services$18.3M3%
Legacy Carried Interest Allocation Focused Commingled Funds$10.3M2%
Income Based Incentive Fees$6.0M1%
Management And Advisory Fees Net Fund Reimbursement Revenues$3.1M1%

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