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Side-by-side financial comparison of Sylvamo Corp (SLVM) and StepStone Group Inc. (STEP). Click either name above to swap in a different company.

Sylvamo Corp is the larger business by last-quarter revenue ($890.0M vs $586.5M, roughly 1.5× StepStone Group Inc.). Sylvamo Corp runs the higher net margin — 3.7% vs -21.0%, a 24.8% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -8.2%). Sylvamo Corp produced more free cash flow last quarter ($38.0M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -0.8%).

Sylvamo Corp is a leading global manufacturer of sustainable paper and pulp products. Its core offerings include uncoated printing paper, packaging paper, and market pulp, serving office supplies, publishing, commercial printing, and packaging segments across North America, Europe, and Latin America.

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.

SLVM vs STEP — Head-to-Head

Bigger by revenue
SLVM
SLVM
1.5× larger
SLVM
$890.0M
$586.5M
STEP
Growing faster (revenue YoY)
STEP
STEP
+81.2% gap
STEP
73.0%
-8.2%
SLVM
Higher net margin
SLVM
SLVM
24.8% more per $
SLVM
3.7%
-21.0%
STEP
More free cash flow
SLVM
SLVM
$11.3M more FCF
SLVM
$38.0M
$26.7M
STEP
Faster 2-yr revenue CAGR
STEP
STEP
Annualised
STEP
28.2%
-0.8%
SLVM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
SLVM
SLVM
STEP
STEP
Revenue
$890.0M
$586.5M
Net Profit
$33.0M
$-123.5M
Gross Margin
Operating Margin
8.9%
-33.2%
Net Margin
3.7%
-21.0%
Revenue YoY
-8.2%
73.0%
Net Profit YoY
-59.3%
35.7%
EPS (diluted)
$0.81
$-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
SLVM
SLVM
STEP
STEP
Q4 25
$890.0M
$586.5M
Q3 25
$846.0M
$454.2M
Q2 25
$794.0M
$364.3M
Q1 25
$821.0M
$377.7M
Q4 24
$970.0M
$339.0M
Q3 24
$965.0M
$271.7M
Q2 24
$933.0M
$186.4M
Q1 24
$905.0M
$356.8M
Net Profit
SLVM
SLVM
STEP
STEP
Q4 25
$33.0M
$-123.5M
Q3 25
$57.0M
$-366.1M
Q2 25
$15.0M
$-38.4M
Q1 25
$27.0M
$-18.5M
Q4 24
$81.0M
$-192.0M
Q3 24
$95.0M
$17.6M
Q2 24
$83.0M
$13.3M
Q1 24
$43.0M
$30.8M
Operating Margin
SLVM
SLVM
STEP
STEP
Q4 25
8.9%
-33.2%
Q3 25
11.6%
-148.8%
Q2 25
3.8%
-5.6%
Q1 25
5.4%
2.6%
Q4 24
11.2%
-101.7%
Q3 24
15.5%
21.3%
Q2 24
13.1%
29.4%
Q1 24
8.0%
26.5%
Net Margin
SLVM
SLVM
STEP
STEP
Q4 25
3.7%
-21.0%
Q3 25
6.7%
-80.6%
Q2 25
1.9%
-10.5%
Q1 25
3.3%
-4.9%
Q4 24
8.4%
-56.6%
Q3 24
9.8%
6.5%
Q2 24
8.9%
7.2%
Q1 24
4.8%
8.6%
EPS (diluted)
SLVM
SLVM
STEP
STEP
Q4 25
$0.81
$-1.55
Q3 25
$1.41
$-4.66
Q2 25
$0.37
$-0.49
Q1 25
$0.65
$-0.37
Q4 24
$1.91
$-2.61
Q3 24
$2.27
$0.26
Q2 24
$1.98
$0.20
Q1 24
$1.02
$0.47

Balance Sheet & Financial Strength

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

Metric
SLVM
SLVM
STEP
STEP
Cash + ST InvestmentsLiquidity on hand
$198.0M
Total DebtLower is stronger
$763.0M
$270.2M
Stockholders' EquityBook value
$966.0M
$-378.8M
Total Assets
$2.8B
$5.2B
Debt / EquityLower = less leverage
0.79×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
SLVM
SLVM
STEP
STEP
Q4 25
$198.0M
Q3 25
$146.0M
Q2 25
$183.0M
Q1 25
$220.0M
Q4 24
$309.0M
Q3 24
$414.0M
Q2 24
$213.0M
Q1 24
$218.0M
Total Debt
SLVM
SLVM
STEP
STEP
Q4 25
$763.0M
$270.2M
Q3 25
$778.0M
$269.9M
Q2 25
$767.0M
$269.6M
Q1 25
$794.0M
$269.3M
Q4 24
$782.0M
$168.9M
Q3 24
$883.0M
$172.3M
Q2 24
$894.0M
$172.1M
Q1 24
$921.0M
$148.8M
Stockholders' Equity
SLVM
SLVM
STEP
STEP
Q4 25
$966.0M
$-378.8M
Q3 25
$977.0M
$-233.5M
Q2 25
$959.0M
$153.9M
Q1 25
$908.0M
$179.4M
Q4 24
$847.0M
$209.8M
Q3 24
$937.0M
$397.5M
Q2 24
$830.0M
$366.9M
Q1 24
$889.0M
$324.5M
Total Assets
SLVM
SLVM
STEP
STEP
Q4 25
$2.8B
$5.2B
Q3 25
$2.7B
$5.3B
Q2 25
$2.7B
$4.8B
Q1 25
$2.6B
$4.6B
Q4 24
$2.6B
$4.3B
Q3 24
$2.9B
$4.0B
Q2 24
$2.7B
$3.8B
Q1 24
$2.6B
$3.8B
Debt / Equity
SLVM
SLVM
STEP
STEP
Q4 25
0.79×
Q3 25
0.80×
Q2 25
0.80×
1.75×
Q1 25
0.87×
1.50×
Q4 24
0.92×
0.81×
Q3 24
0.94×
0.43×
Q2 24
1.08×
0.47×
Q1 24
1.04×
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
SLVM
SLVM
STEP
STEP
Operating Cash FlowLast quarter
$94.0M
$27.2M
Free Cash FlowOCF − Capex
$38.0M
$26.7M
FCF MarginFCF / Revenue
4.3%
4.6%
Capex IntensityCapex / Revenue
6.3%
0.1%
Cash ConversionOCF / Net Profit
2.85×
TTM Free Cash FlowTrailing 4 quarters
$44.0M
$18.6M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
SLVM
SLVM
STEP
STEP
Q4 25
$94.0M
$27.2M
Q3 25
$87.0M
$16.2M
Q2 25
$64.0M
$46.3M
Q1 25
$23.0M
$-66.5M
Q4 24
$164.0M
$27.6M
Q3 24
$163.0M
$53.7M
Q2 24
$115.0M
$50.2M
Q1 24
$27.0M
$7.6M
Free Cash Flow
SLVM
SLVM
STEP
STEP
Q4 25
$38.0M
$26.7M
Q3 25
$33.0M
$15.9M
Q2 25
$-2.0M
$45.2M
Q1 25
$-25.0M
$-69.2M
Q4 24
$100.0M
$27.0M
Q3 24
$119.0M
$52.4M
Q2 24
$62.0M
$49.6M
Q1 24
$-33.0M
$6.7M
FCF Margin
SLVM
SLVM
STEP
STEP
Q4 25
4.3%
4.6%
Q3 25
3.9%
3.5%
Q2 25
-0.3%
12.4%
Q1 25
-3.0%
-18.3%
Q4 24
10.3%
8.0%
Q3 24
12.3%
19.3%
Q2 24
6.6%
26.6%
Q1 24
-3.6%
1.9%
Capex Intensity
SLVM
SLVM
STEP
STEP
Q4 25
6.3%
0.1%
Q3 25
6.4%
0.1%
Q2 25
8.3%
0.3%
Q1 25
5.8%
0.7%
Q4 24
6.6%
0.2%
Q3 24
4.6%
0.5%
Q2 24
5.7%
0.3%
Q1 24
6.6%
0.3%
Cash Conversion
SLVM
SLVM
STEP
STEP
Q4 25
2.85×
Q3 25
1.53×
Q2 25
4.27×
Q1 25
0.85×
Q4 24
2.02×
Q3 24
1.72×
3.05×
Q2 24
1.39×
3.76×
Q1 24
0.63×
0.25×

Financial Flow Comparison

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

Revenue Breakdown by Segment

SLVM
SLVM

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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