vs
Side-by-side financial comparison of StepStone Group Inc. (STEP) and WERNER ENTERPRISES INC (WERN). Click either name above to swap in a different company.
WERNER ENTERPRISES INC is the larger business by last-quarter revenue ($808.6M vs $586.5M, roughly 1.4× StepStone Group Inc.). WERNER ENTERPRISES INC runs the higher net margin — -0.5% vs -21.0%, a 20.5% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 13.6%). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs 4.3%).
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.
Werner Enterprises, Inc. is an American transportation and logistics company, serving the United States, Mexico and Canada. Werner Enterprises stated that it had 2023 revenues of $3.28 billion and over 14,000 employees and contractors.
STEP vs WERN — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $808.6M |
| Net Profit | $-123.5M | $-4.3M |
| Gross Margin | — | — |
| Operating Margin | -33.2% | 75.5% |
| Net Margin | -21.0% | -0.5% |
| Revenue YoY | 73.0% | 13.6% |
| Net Profit YoY | 35.7% | 57.8% |
| EPS (diluted) | $-1.55 | $-0.07 |
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 | — | $808.6M | ||
| Q4 25 | $586.5M | $719.9M | ||
| Q3 25 | $454.2M | $752.2M | ||
| Q2 25 | $364.3M | $734.1M | ||
| Q1 25 | $377.7M | $693.4M | ||
| Q4 24 | $339.0M | $736.6M | ||
| Q3 24 | $271.7M | $726.3M | ||
| Q2 24 | $186.4M | $742.7M |
| Q1 26 | — | $-4.3M | ||
| Q4 25 | $-123.5M | $-27.8M | ||
| Q3 25 | $-366.1M | $-20.6M | ||
| Q2 25 | $-38.4M | $44.1M | ||
| Q1 25 | $-18.5M | $-10.1M | ||
| Q4 24 | $-192.0M | $11.9M | ||
| Q3 24 | $17.6M | $6.6M | ||
| Q2 24 | $13.3M | $9.5M |
| Q1 26 | — | 75.5% | ||
| Q4 25 | -33.2% | -5.0% | ||
| Q3 25 | -148.8% | -1.7% | ||
| Q2 25 | -5.6% | 9.0% | ||
| Q1 25 | 2.6% | -0.8% | ||
| Q4 24 | -101.7% | 1.8% | ||
| Q3 24 | 21.3% | 2.4% | ||
| Q2 24 | 29.4% | 2.6% |
| Q1 26 | — | -0.5% | ||
| Q4 25 | -21.0% | -3.9% | ||
| Q3 25 | -80.6% | -2.7% | ||
| Q2 25 | -10.5% | 6.0% | ||
| Q1 25 | -4.9% | -1.5% | ||
| Q4 24 | -56.6% | 1.6% | ||
| Q3 24 | 6.5% | 0.9% | ||
| Q2 24 | 7.2% | 1.3% |
| Q1 26 | — | $-0.07 | ||
| Q4 25 | $-1.55 | $-0.46 | ||
| Q3 25 | $-4.66 | $-0.34 | ||
| Q2 25 | $-0.49 | $0.72 | ||
| Q1 25 | $-0.37 | $-0.16 | ||
| Q4 24 | $-2.61 | $0.19 | ||
| Q3 24 | $0.26 | $0.11 | ||
| Q2 24 | $0.20 | $0.15 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $61.5M |
| Total DebtLower is stronger | $270.2M | $878.2M |
| Stockholders' EquityBook value | $-378.8M | $1.4B |
| Total Assets | $5.2B | $3.3B |
| Debt / EquityLower = less leverage | — | 0.65× |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $61.5M | ||
| Q4 25 | — | $59.9M | ||
| Q3 25 | — | $51.0M | ||
| Q2 25 | — | $51.4M | ||
| Q1 25 | — | $52.0M | ||
| Q4 24 | — | $40.8M | ||
| Q3 24 | — | $54.7M | ||
| Q2 24 | — | $70.4M |
| Q1 26 | — | $878.2M | ||
| Q4 25 | $270.2M | $752.0M | ||
| Q3 25 | $269.9M | $725.0M | ||
| Q2 25 | $269.6M | $725.0M | ||
| Q1 25 | $269.3M | $640.0M | ||
| Q4 24 | $168.9M | $650.0M | ||
| Q3 24 | $172.3M | $690.0M | ||
| Q2 24 | $172.1M | $670.0M |
| Q1 26 | — | $1.4B | ||
| Q4 25 | $-378.8M | $1.4B | ||
| Q3 25 | $-233.5M | $1.4B | ||
| Q2 25 | $153.9M | $1.4B | ||
| Q1 25 | $179.4M | $1.4B | ||
| Q4 24 | $209.8M | $1.5B | ||
| Q3 24 | $397.5M | $1.4B | ||
| Q2 24 | $366.9M | $1.5B |
| Q1 26 | — | $3.3B | ||
| Q4 25 | $5.2B | $2.9B | ||
| Q3 25 | $5.3B | $3.0B | ||
| Q2 25 | $4.8B | $2.9B | ||
| Q1 25 | $4.6B | $3.0B | ||
| Q4 24 | $4.3B | $3.1B | ||
| Q3 24 | $4.0B | $3.1B | ||
| Q2 24 | $3.8B | $3.1B |
| Q1 26 | — | 0.65× | ||
| Q4 25 | — | 0.55× | ||
| Q3 25 | — | 0.52× | ||
| Q2 25 | 1.75× | 0.51× | ||
| Q1 25 | 1.50× | 0.45× | ||
| Q4 24 | 0.81× | 0.45× | ||
| Q3 24 | 0.43× | 0.48× | ||
| Q2 24 | 0.47× | 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 | — |
| Free Cash FlowOCF − Capex | $26.7M | — |
| FCF MarginFCF / Revenue | 4.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | 0.2% |
| 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 | $62.3M | ||
| Q3 25 | $16.2M | $44.1M | ||
| Q2 25 | $46.3M | $46.0M | ||
| Q1 25 | $-66.5M | $29.4M | ||
| Q4 24 | $27.6M | $71.0M | ||
| Q3 24 | $53.7M | $61.0M | ||
| Q2 24 | $50.2M | $109.1M |
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $-23.5M | ||
| Q3 25 | $15.9M | $-8.6M | ||
| Q2 25 | $45.2M | $-42.3M | ||
| Q1 25 | $-69.2M | $5.9M | ||
| Q4 24 | $27.0M | $-9.8M | ||
| Q3 24 | $52.4M | $-73.4M | ||
| Q2 24 | $49.6M | $-31.2M |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | -3.3% | ||
| Q3 25 | 3.5% | -1.1% | ||
| Q2 25 | 12.4% | -5.8% | ||
| Q1 25 | -18.3% | 0.8% | ||
| Q4 24 | 8.0% | -1.3% | ||
| Q3 24 | 19.3% | -10.1% | ||
| Q2 24 | 26.6% | -4.2% |
| Q1 26 | — | 0.2% | ||
| Q4 25 | 0.1% | 11.9% | ||
| Q3 25 | 0.1% | 7.0% | ||
| Q2 25 | 0.3% | 12.0% | ||
| Q1 25 | 0.7% | 3.4% | ||
| Q4 24 | 0.2% | 11.0% | ||
| Q3 24 | 0.5% | 18.5% | ||
| Q2 24 | 0.3% | 18.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | 1.04× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 5.97× | ||
| Q3 24 | 3.05× | 9.30× | ||
| Q2 24 | 3.76× | 11.52× |
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% |
WERN
Segment breakdown not available.
