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Side-by-side financial comparison of StepStone Group Inc. (STEP) and UDR, Inc. (UDR). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $425.8M, roughly 1.4× UDR, Inc.). UDR, Inc. runs the higher net margin — 44.6% vs -21.0%, a 65.6% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 0.9%). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 1.3%).
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.
UDR, Inc. is a leading U.S.-headquartered real estate investment trust specializing in owning, operating, and redeveloping high-quality multifamily residential apartment communities. It operates across major U.S. metropolitan markets, catering to a diverse tenant base including young professionals, families, and middle-to-high income households.
STEP vs UDR — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $425.8M |
| Net Profit | $-123.5M | $189.8M |
| Gross Margin | — | — |
| Operating Margin | -33.2% | 54.0% |
| Net Margin | -21.0% | 44.6% |
| Revenue YoY | 73.0% | 0.9% |
| Net Profit YoY | 35.7% | 147.2% |
| EPS (diluted) | $-1.55 | $0.63 |
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 | — | $425.8M | ||
| Q4 25 | $586.5M | $433.1M | ||
| Q3 25 | $454.2M | $431.9M | ||
| Q2 25 | $364.3M | $425.4M | ||
| Q1 25 | $377.7M | $421.9M | ||
| Q4 24 | $339.0M | $422.7M | ||
| Q3 24 | $271.7M | $420.2M | ||
| Q2 24 | $186.4M | $415.3M |
| Q1 26 | — | $189.8M | ||
| Q4 25 | $-123.5M | $222.9M | ||
| Q3 25 | $-366.1M | $40.4M | ||
| Q2 25 | $-38.4M | $37.7M | ||
| Q1 25 | $-18.5M | $76.7M | ||
| Q4 24 | $-192.0M | $-5.0M | ||
| Q3 24 | $17.6M | $22.6M | ||
| Q2 24 | $13.3M | $28.9M |
| Q1 26 | — | 54.0% | ||
| Q4 25 | -33.2% | 64.1% | ||
| Q3 25 | -148.8% | 17.7% | ||
| Q2 25 | -5.6% | 18.2% | ||
| Q1 25 | 2.6% | 29.0% | ||
| Q4 24 | -101.7% | 15.7% | ||
| Q3 24 | 21.3% | 16.6% | ||
| Q2 24 | 29.4% | 16.5% |
| Q1 26 | — | 44.6% | ||
| Q4 25 | -21.0% | 51.5% | ||
| Q3 25 | -80.6% | 9.4% | ||
| Q2 25 | -10.5% | 8.9% | ||
| Q1 25 | -4.9% | 18.2% | ||
| Q4 24 | -56.6% | -220.5% | ||
| Q3 24 | 6.5% | 5.4% | ||
| Q2 24 | 7.2% | 7.0% |
| Q1 26 | — | $0.63 | ||
| Q4 25 | $-1.55 | $0.67 | ||
| Q3 25 | $-4.66 | $0.12 | ||
| Q2 25 | $-0.49 | $0.11 | ||
| Q1 25 | $-0.37 | $0.23 | ||
| Q4 24 | $-2.61 | $-0.01 | ||
| Q3 24 | $0.26 | $0.06 | ||
| Q2 24 | $0.20 | $0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $1.3M |
| Total DebtLower is stronger | $270.2M | — |
| Stockholders' EquityBook value | $-378.8M | $3.3B |
| Total Assets | $5.2B | $10.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $1.3M | ||
| Q4 25 | — | $1.2M | ||
| Q3 25 | — | $1.2M | ||
| Q2 25 | — | $1.5M | ||
| Q1 25 | — | $1.3M | ||
| Q4 24 | — | $1.3M | ||
| Q3 24 | — | $2.3M | ||
| Q2 24 | — | $2.8M |
| Q1 26 | — | — | ||
| Q4 25 | $270.2M | $5.8B | ||
| Q3 25 | $269.9M | $5.8B | ||
| Q2 25 | $269.6M | $5.8B | ||
| Q1 25 | $269.3M | $5.8B | ||
| Q4 24 | $168.9M | $5.8B | ||
| Q3 24 | $172.3M | $5.9B | ||
| Q2 24 | $172.1M | $5.8B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $-378.8M | $3.3B | ||
| Q3 25 | $-233.5M | $3.3B | ||
| Q2 25 | $153.9M | $3.3B | ||
| Q1 25 | $179.4M | $3.3B | ||
| Q4 24 | $209.8M | $3.4B | ||
| Q3 24 | $397.5M | $3.5B | ||
| Q2 24 | $366.9M | $3.7B |
| Q1 26 | — | $10.3B | ||
| Q4 25 | $5.2B | $10.6B | ||
| Q3 25 | $5.3B | $10.6B | ||
| Q2 25 | $4.8B | $10.6B | ||
| Q1 25 | $4.6B | $10.7B | ||
| Q4 24 | $4.3B | $10.9B | ||
| Q3 24 | $4.0B | $11.1B | ||
| Q2 24 | $3.8B | $11.1B |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.77× | ||
| Q3 25 | — | 1.78× | ||
| Q2 25 | 1.75× | 1.74× | ||
| Q1 25 | 1.50× | 1.74× | ||
| Q4 24 | 0.81× | 1.69× | ||
| Q3 24 | 0.43× | 1.67× | ||
| Q2 24 | 0.47× | 1.55× |
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% | 4.9% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $27.2M | $902.9M | ||
| Q3 25 | $16.2M | $234.9M | ||
| Q2 25 | $46.3M | $250.3M | ||
| Q1 25 | $-66.5M | $156.2M | ||
| Q4 24 | $27.6M | $876.8M | ||
| Q3 24 | $53.7M | $230.3M | ||
| Q2 24 | $50.2M | $238.5M |
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $650.0M | ||
| Q3 25 | $15.9M | $164.6M | ||
| Q2 25 | $45.2M | $190.1M | ||
| Q1 25 | $-69.2M | $103.2M | ||
| Q4 24 | $27.0M | $627.0M | ||
| Q3 24 | $52.4M | $161.3M | ||
| Q2 24 | $49.6M | $171.1M |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 150.1% | ||
| Q3 25 | 3.5% | 38.1% | ||
| Q2 25 | 12.4% | 44.7% | ||
| Q1 25 | -18.3% | 24.5% | ||
| Q4 24 | 8.0% | 148.3% | ||
| Q3 24 | 19.3% | 38.4% | ||
| Q2 24 | 26.6% | 41.2% |
| Q1 26 | — | 4.9% | ||
| Q4 25 | 0.1% | 58.4% | ||
| Q3 25 | 0.1% | 16.3% | ||
| Q2 25 | 0.3% | 14.2% | ||
| Q1 25 | 0.7% | 12.6% | ||
| Q4 24 | 0.2% | 59.1% | ||
| Q3 24 | 0.5% | 16.4% | ||
| Q2 24 | 0.3% | 16.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 4.05× | ||
| Q3 25 | — | 5.81× | ||
| Q2 25 | — | 6.64× | ||
| Q1 25 | — | 2.04× | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.05× | 10.19× | ||
| Q2 24 | 3.76× | 8.26× |
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% |
UDR
| Rental income | $423.3M | 99% |
| Joint venture management and other fees | $2.5M | 1% |
