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Side-by-side financial comparison of Park Hotels & Resorts Inc. (PK) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.
Park Hotels & Resorts Inc. is the larger business by last-quarter revenue ($630.0M vs $586.5M, roughly 1.1× StepStone Group Inc.). Park Hotels & Resorts Inc. runs the higher net margin — 1.9% vs -21.0%, a 23.0% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -1.3%). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -4.2%).
Park Hotels & Resorts is an American real estate investment trust (REIT) focused on hotel properties, based in Tysons, Virginia. It was formed in 2017 as a spin-off from Hilton Worldwide.
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.
PK vs STEP — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $630.0M | $586.5M |
| Net Profit | $12.0M | $-123.5M |
| Gross Margin | — | — |
| Operating Margin | 9.8% | -33.2% |
| Net Margin | 1.9% | -21.0% |
| Revenue YoY | -1.3% | 73.0% |
| Net Profit YoY | 121.1% | 35.7% |
| EPS (diluted) | $0.05 | $-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 | $630.0M | — | ||
| Q4 25 | $629.0M | $586.5M | ||
| Q3 25 | $610.0M | $454.2M | ||
| Q2 25 | $672.0M | $364.3M | ||
| Q1 25 | $630.0M | $377.7M | ||
| Q4 24 | $625.0M | $339.0M | ||
| Q3 24 | $649.0M | $271.7M | ||
| Q2 24 | $686.0M | $186.4M |
| Q1 26 | $12.0M | — | ||
| Q4 25 | $-205.0M | $-123.5M | ||
| Q3 25 | $-16.0M | $-366.1M | ||
| Q2 25 | $-5.0M | $-38.4M | ||
| Q1 25 | $-57.0M | $-18.5M | ||
| Q4 24 | $66.0M | $-192.0M | ||
| Q3 24 | $54.0M | $17.6M | ||
| Q2 24 | $64.0M | $13.3M |
| Q1 26 | 9.8% | — | ||
| Q4 25 | -26.1% | -33.2% | ||
| Q3 25 | 9.7% | -148.8% | ||
| Q2 25 | 9.7% | -5.6% | ||
| Q1 25 | 1.1% | 2.6% | ||
| Q4 24 | 13.3% | -101.7% | ||
| Q3 24 | 14.6% | 21.3% | ||
| Q2 24 | 17.6% | 29.4% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | -32.6% | -21.0% | ||
| Q3 25 | -2.6% | -80.6% | ||
| Q2 25 | -0.7% | -10.5% | ||
| Q1 25 | -9.0% | -4.9% | ||
| Q4 24 | 10.6% | -56.6% | ||
| Q3 24 | 8.3% | 6.5% | ||
| Q2 24 | 9.3% | 7.2% |
| Q1 26 | $0.05 | — | ||
| Q4 25 | $-1.04 | $-1.55 | ||
| Q3 25 | $-0.08 | $-4.66 | ||
| Q2 25 | $-0.02 | $-0.49 | ||
| Q1 25 | $-0.29 | $-0.37 | ||
| Q4 24 | $0.32 | $-2.61 | ||
| Q3 24 | $0.26 | $0.26 | ||
| Q2 24 | $0.30 | $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 | $156.0M | — |
| Total DebtLower is stronger | — | $270.2M |
| Stockholders' EquityBook value | $3.1B | $-378.8M |
| Total Assets | — | $5.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $156.0M | — | ||
| Q4 25 | $232.0M | — | ||
| Q3 25 | $278.0M | — | ||
| Q2 25 | $319.0M | — | ||
| Q1 25 | $233.0M | — | ||
| Q4 24 | $402.0M | — | ||
| Q3 24 | $480.0M | — | ||
| Q2 24 | $449.0M | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.9B | $270.2M | ||
| Q3 25 | $3.9B | $269.9M | ||
| Q2 25 | $3.9B | $269.6M | ||
| Q1 25 | $3.9B | $269.3M | ||
| Q4 24 | $3.9B | $168.9M | ||
| Q3 24 | $3.9B | $172.3M | ||
| Q2 24 | $3.9B | $172.1M |
| Q1 26 | $3.1B | — | ||
| Q4 25 | $3.1B | $-378.8M | ||
| Q3 25 | $3.4B | $-233.5M | ||
| Q2 25 | $3.4B | $153.9M | ||
| Q1 25 | $3.5B | $179.4M | ||
| Q4 24 | $3.6B | $209.8M | ||
| Q3 24 | $3.8B | $397.5M | ||
| Q2 24 | $3.8B | $366.9M |
| Q1 26 | — | — | ||
| Q4 25 | $7.7B | $5.2B | ||
| Q3 25 | $8.8B | $5.3B | ||
| Q2 25 | $8.9B | $4.8B | ||
| Q1 25 | $8.9B | $4.6B | ||
| Q4 24 | $9.2B | $4.3B | ||
| Q3 24 | $9.2B | $4.0B | ||
| Q2 24 | $9.2B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | 1.23× | — | ||
| Q3 25 | 1.14× | — | ||
| Q2 25 | 1.12× | 1.75× | ||
| Q1 25 | 1.11× | 1.50× | ||
| Q4 24 | 1.06× | 0.81× | ||
| Q3 24 | 1.03× | 0.43× | ||
| Q2 24 | 1.03× | 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 | $105.0M | $27.2M | ||
| Q3 25 | $99.0M | $16.2M | ||
| Q2 25 | $108.0M | $46.3M | ||
| Q1 25 | $86.0M | $-66.5M | ||
| Q4 24 | $80.0M | $27.6M | ||
| Q3 24 | $140.0M | $53.7M | ||
| Q2 24 | $117.0M | $50.2M |
| Q1 26 | — | — | ||
| Q4 25 | $-3.0M | $26.7M | ||
| Q3 25 | $31.0M | $15.9M | ||
| Q2 25 | $65.0M | $45.2M | ||
| Q1 25 | $9.0M | $-69.2M | ||
| Q4 24 | $17.0M | $27.0M | ||
| Q3 24 | $97.0M | $52.4M | ||
| Q2 24 | $66.0M | $49.6M |
| Q1 26 | — | — | ||
| Q4 25 | -0.5% | 4.6% | ||
| Q3 25 | 5.1% | 3.5% | ||
| Q2 25 | 9.7% | 12.4% | ||
| Q1 25 | 1.4% | -18.3% | ||
| Q4 24 | 2.7% | 8.0% | ||
| Q3 24 | 14.9% | 19.3% | ||
| Q2 24 | 9.6% | 26.6% |
| Q1 26 | — | — | ||
| Q4 25 | 17.2% | 0.1% | ||
| Q3 25 | 11.1% | 0.1% | ||
| Q2 25 | 6.4% | 0.3% | ||
| Q1 25 | 12.2% | 0.7% | ||
| Q4 24 | 10.1% | 0.2% | ||
| Q3 24 | 6.6% | 0.5% | ||
| Q2 24 | 7.4% | 0.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 1.21× | — | ||
| Q3 24 | 2.59× | 3.05× | ||
| Q2 24 | 1.83× | 3.76× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PK
| Comparable Hotel Revenues | $617.0M | 98% |
| Other | $13.0M | 2% |
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% |
