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Side-by-side financial comparison of StepStone Group Inc. (STEP) and Teradyne (TER). Click either name above to swap in a different company.
Teradyne is the larger business by last-quarter revenue ($1.3B vs $586.5M, roughly 2.2× StepStone Group Inc.). Teradyne runs the higher net margin — 31.1% vs -21.0%, a 52.2% gap on every dollar of revenue. On growth, Teradyne posted the faster year-over-year revenue change (87.0% vs 73.0%). Over the past eight quarters, Teradyne's revenue compounded faster (32.6% CAGR vs 28.2%).
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.
Teradyne, Inc. is an American automatic test equipment (ATE) designer and manufacturer based in North Reading, Massachusetts. Its high-profile customers include Samsung, Qualcomm, Intel, Analog Devices, Texas Instruments and IBM.
STEP vs TER — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $1.3B |
| Net Profit | $-123.5M | $398.9M |
| Gross Margin | — | 60.9% |
| Operating Margin | -33.2% | 36.9% |
| Net Margin | -21.0% | 31.1% |
| Revenue YoY | 73.0% | 87.0% |
| Net Profit YoY | 35.7% | — |
| EPS (diluted) | $-1.55 | $2.53 |
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 | — | $1.3B | ||
| Q4 25 | $586.5M | $1.1B | ||
| Q3 25 | $454.2M | $769.2M | ||
| Q2 25 | $364.3M | $651.8M | ||
| Q1 25 | $377.7M | $685.7M | ||
| Q4 24 | $339.0M | $752.9M | ||
| Q3 24 | $271.7M | $737.3M | ||
| Q2 24 | $186.4M | $729.9M |
| Q1 26 | — | $398.9M | ||
| Q4 25 | $-123.5M | $257.2M | ||
| Q3 25 | $-366.1M | $119.6M | ||
| Q2 25 | $-38.4M | $78.4M | ||
| Q1 25 | $-18.5M | $98.9M | ||
| Q4 24 | $-192.0M | $146.3M | ||
| Q3 24 | $17.6M | $145.6M | ||
| Q2 24 | $13.3M | $186.3M |
| Q1 26 | — | 60.9% | ||
| Q4 25 | — | 57.2% | ||
| Q3 25 | — | 58.4% | ||
| Q2 25 | — | 57.2% | ||
| Q1 25 | — | 60.6% | ||
| Q4 24 | — | 59.4% | ||
| Q3 24 | — | 59.2% | ||
| Q2 24 | — | 58.3% |
| Q1 26 | — | 36.9% | ||
| Q4 25 | -33.2% | 27.1% | ||
| Q3 25 | -148.8% | 18.9% | ||
| Q2 25 | -5.6% | 13.9% | ||
| Q1 25 | 2.6% | 17.6% | ||
| Q4 24 | -101.7% | 20.4% | ||
| Q3 24 | 21.3% | 20.6% | ||
| Q2 24 | 29.4% | 28.8% |
| Q1 26 | — | 31.1% | ||
| Q4 25 | -21.0% | 23.7% | ||
| Q3 25 | -80.6% | 15.5% | ||
| Q2 25 | -10.5% | 12.0% | ||
| Q1 25 | -4.9% | 14.4% | ||
| Q4 24 | -56.6% | 19.4% | ||
| Q3 24 | 6.5% | 19.8% | ||
| Q2 24 | 7.2% | 25.5% |
| Q1 26 | — | $2.53 | ||
| Q4 25 | $-1.55 | $1.62 | ||
| Q3 25 | $-4.66 | $0.75 | ||
| Q2 25 | $-0.49 | $0.49 | ||
| Q1 25 | $-0.37 | $0.61 | ||
| Q4 24 | $-2.61 | $0.89 | ||
| Q3 24 | $0.26 | $0.89 | ||
| Q2 24 | $0.20 | $1.14 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $241.9M |
| Total DebtLower is stronger | $270.2M | $0 |
| Stockholders' EquityBook value | $-378.8M | — |
| Total Assets | $5.2B | $4.4B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $241.9M | ||
| Q4 25 | — | $293.8M | ||
| Q3 25 | — | $272.7M | ||
| Q2 25 | — | $339.3M | ||
| Q1 25 | — | $475.6M | ||
| Q4 24 | — | $553.4M | ||
| Q3 24 | — | $510.0M | ||
| Q2 24 | — | $421.9M |
| Q1 26 | — | $0 | ||
| 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 26 | — | — | ||
| Q4 25 | $-378.8M | $2.8B | ||
| Q3 25 | $-233.5M | $2.7B | ||
| Q2 25 | $153.9M | $2.8B | ||
| Q1 25 | $179.4M | $2.8B | ||
| Q4 24 | $209.8M | $2.8B | ||
| Q3 24 | $397.5M | $2.9B | ||
| Q2 24 | $366.9M | $2.7B |
| Q1 26 | — | $4.4B | ||
| Q4 25 | $5.2B | $4.2B | ||
| Q3 25 | $5.3B | $4.0B | ||
| Q2 25 | $4.8B | $3.8B | ||
| Q1 25 | $4.6B | $3.7B | ||
| Q4 24 | $4.3B | $3.7B | ||
| Q3 24 | $4.0B | $3.8B | ||
| Q2 24 | $3.8B | $3.6B |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 0.81× | — | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 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 | $265.1M |
| Free Cash FlowOCF − Capex | $26.7M | — |
| FCF MarginFCF / Revenue | 4.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | 0.66× |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $265.1M | ||
| Q4 25 | $27.2M | $281.6M | ||
| Q3 25 | $16.2M | $49.0M | ||
| Q2 25 | $46.3M | $182.1M | ||
| Q1 25 | $-66.5M | $161.6M | ||
| Q4 24 | $27.6M | $282.6M | ||
| Q3 24 | $53.7M | $166.3M | ||
| Q2 24 | $50.2M | $216.1M |
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $218.8M | ||
| Q3 25 | $15.9M | $2.4M | ||
| Q2 25 | $45.2M | $131.7M | ||
| Q1 25 | $-69.2M | $97.6M | ||
| Q4 24 | $27.0M | $225.2M | ||
| Q3 24 | $52.4M | $114.4M | ||
| Q2 24 | $49.6M | $171.2M |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 20.2% | ||
| Q3 25 | 3.5% | 0.3% | ||
| Q2 25 | 12.4% | 20.2% | ||
| Q1 25 | -18.3% | 14.2% | ||
| Q4 24 | 8.0% | 29.9% | ||
| Q3 24 | 19.3% | 15.5% | ||
| Q2 24 | 26.6% | 23.5% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 5.8% | ||
| Q3 25 | 0.1% | 6.1% | ||
| Q2 25 | 0.3% | 7.7% | ||
| Q1 25 | 0.7% | 9.3% | ||
| Q4 24 | 0.2% | 7.6% | ||
| Q3 24 | 0.5% | 7.0% | ||
| Q2 24 | 0.3% | 6.1% |
| Q1 26 | — | 0.66× | ||
| Q4 25 | — | 1.09× | ||
| Q3 25 | — | 0.41× | ||
| Q2 25 | — | 2.32× | ||
| Q1 25 | — | 1.63× | ||
| Q4 24 | — | 1.93× | ||
| Q3 24 | 3.05× | 1.14× | ||
| Q2 24 | 3.76× | 1.16× |
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% |
TER
Segment breakdown not available.
