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Side-by-side financial comparison of StepStone Group Inc. (STEP) and STARZ ENTERTAINMENT CORP (STRZ). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $320.9M, roughly 1.8× STARZ ENTERTAINMENT CORP). STARZ ENTERTAINMENT CORP runs the higher net margin — -16.4% vs -21.0%, a 4.7% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -7.5%). StepStone Group Inc. produced more free cash flow last quarter ($26.7M vs $-31.3M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -40.6%).
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.
Starz Entertainment Corp., formerly known as Lions Gate Entertainment Corporation, or simply Lionsgate, is a Canadian-American entertainment company currently headquartered in Santa Monica, California. Founded by Frank Giustra on July 10, 1997, it is/was domiciled and incorporated in Vancouver, British Columbia.
STEP vs STRZ — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $320.9M |
| Net Profit | $-123.5M | $-52.6M |
| Gross Margin | — | — |
| Operating Margin | -33.2% | -10.8% |
| Net Margin | -21.0% | -16.4% |
| Revenue YoY | 73.0% | -7.5% |
| Net Profit YoY | 35.7% | -71.9% |
| EPS (diluted) | $-1.55 | $-3.15 |
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 | $586.5M | — | ||
| Q3 25 | $454.2M | $320.9M | ||
| Q2 25 | $364.3M | $319.7M | ||
| Q1 25 | $377.7M | — | ||
| Q4 24 | $339.0M | $970.5M | ||
| Q3 24 | $271.7M | $346.9M | ||
| Q2 24 | $186.4M | $347.6M | ||
| Q1 24 | $356.8M | — |
| Q4 25 | $-123.5M | — | ||
| Q3 25 | $-366.1M | $-52.6M | ||
| Q2 25 | $-38.4M | $-42.5M | ||
| Q1 25 | $-18.5M | — | ||
| Q4 24 | $-192.0M | $-21.9M | ||
| Q3 24 | $17.6M | $-30.6M | ||
| Q2 24 | $13.3M | $4.2M | ||
| Q1 24 | $30.8M | — |
| Q4 25 | -33.2% | — | ||
| Q3 25 | -148.8% | -10.8% | ||
| Q2 25 | -5.6% | -8.4% | ||
| Q1 25 | 2.6% | — | ||
| Q4 24 | -101.7% | 3.7% | ||
| Q3 24 | 21.3% | -4.9% | ||
| Q2 24 | 29.4% | 2.9% | ||
| Q1 24 | 26.5% | — |
| Q4 25 | -21.0% | — | ||
| Q3 25 | -80.6% | -16.4% | ||
| Q2 25 | -10.5% | -13.3% | ||
| Q1 25 | -4.9% | — | ||
| Q4 24 | -56.6% | -2.3% | ||
| Q3 24 | 6.5% | -8.8% | ||
| Q2 24 | 7.2% | 1.2% | ||
| Q1 24 | 8.6% | — |
| Q4 25 | $-1.55 | — | ||
| Q3 25 | $-4.66 | $-3.15 | ||
| Q2 25 | $-0.49 | $-2.54 | ||
| Q1 25 | $-0.37 | — | ||
| Q4 24 | $-2.61 | $-0.09 | ||
| Q3 24 | $0.26 | $-1.83 | ||
| Q2 24 | $0.20 | $0.26 | ||
| Q1 24 | $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 | — | $37.0M |
| Total DebtLower is stronger | $270.2M | $608.7M |
| Stockholders' EquityBook value | $-378.8M | $663.2M |
| Total Assets | $5.2B | $2.0B |
| Debt / EquityLower = less leverage | — | 0.92× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | — | $37.0M | ||
| Q2 25 | — | $51.6M | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $200.5M | ||
| Q3 24 | — | $229.6M | ||
| Q2 24 | — | $192.5M | ||
| Q1 24 | — | — |
| Q4 25 | $270.2M | — | ||
| Q3 25 | $269.9M | $608.7M | ||
| Q2 25 | $269.6M | $611.7M | ||
| Q1 25 | $269.3M | — | ||
| Q4 24 | $168.9M | $2.4B | ||
| Q3 24 | $172.3M | $2.1B | ||
| Q2 24 | $172.1M | $1.5B | ||
| Q1 24 | $148.8M | — |
| Q4 25 | $-378.8M | — | ||
| Q3 25 | $-233.5M | $663.2M | ||
| Q2 25 | $153.9M | $712.3M | ||
| Q1 25 | $179.4M | — | ||
| Q4 24 | $209.8M | $-168.3M | ||
| Q3 24 | $397.5M | $935.9M | ||
| Q2 24 | $366.9M | $973.1M | ||
| Q1 24 | $324.5M | — |
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.3B | $2.0B | ||
| Q2 25 | $4.8B | $2.1B | ||
| Q1 25 | $4.6B | — | ||
| Q4 24 | $4.3B | $7.2B | ||
| Q3 24 | $4.0B | $7.1B | ||
| Q2 24 | $3.8B | $7.2B | ||
| Q1 24 | $3.8B | — |
| Q4 25 | — | — | ||
| Q3 25 | — | 0.92× | ||
| Q2 25 | 1.75× | 0.86× | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 0.43× | 2.24× | ||
| Q2 24 | 0.47× | 1.59× | ||
| 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 | $27.2M | $-26.1M |
| Free Cash FlowOCF − Capex | $26.7M | $-31.3M |
| FCF MarginFCF / Revenue | 4.6% | -9.8% |
| Capex IntensityCapex / Revenue | 0.1% | 1.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | $-317.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.2M | — | ||
| Q3 25 | $16.2M | $-26.1M | ||
| Q2 25 | $46.3M | $65.4M | ||
| Q1 25 | $-66.5M | — | ||
| Q4 24 | $27.6M | $-335.3M | ||
| Q3 24 | $53.7M | $9.1M | ||
| Q2 24 | $50.2M | $-33.5M | ||
| Q1 24 | $7.6M | — |
| Q4 25 | $26.7M | — | ||
| Q3 25 | $15.9M | $-31.3M | ||
| Q2 25 | $45.2M | $58.5M | ||
| Q1 25 | $-69.2M | — | ||
| Q4 24 | $27.0M | $-349.3M | ||
| Q3 24 | $52.4M | $4.4M | ||
| Q2 24 | $49.6M | $-38.4M | ||
| Q1 24 | $6.7M | — |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.5% | -9.8% | ||
| Q2 25 | 12.4% | 18.3% | ||
| Q1 25 | -18.3% | — | ||
| Q4 24 | 8.0% | -36.0% | ||
| Q3 24 | 19.3% | 1.3% | ||
| Q2 24 | 26.6% | -11.0% | ||
| Q1 24 | 1.9% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | 1.6% | ||
| Q2 25 | 0.3% | 2.2% | ||
| Q1 25 | 0.7% | — | ||
| Q4 24 | 0.2% | 1.4% | ||
| Q3 24 | 0.5% | 1.4% | ||
| Q2 24 | 0.3% | 1.4% | ||
| Q1 24 | 0.3% | — |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.05× | — | ||
| Q2 24 | 3.76× | -7.98× | ||
| Q1 24 | 0.25× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
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% |
STRZ
| Over The Top Subscription Service OTT | $222.8M | 69% |
| Linear Subscription Service | $98.1M | 31% |
