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Side-by-side financial comparison of StepStone Group Inc. (STEP) and Westrock Coffee Co (WEST). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $339.5M, roughly 1.7× Westrock Coffee Co). Westrock Coffee Co runs the higher net margin — -6.6% vs -21.0%, a 14.4% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 48.3%). Westrock Coffee Co produced more free cash flow last quarter ($27.8M vs $26.7M). Over the past eight quarters, Westrock Coffee Co's revenue compounded faster (32.8% 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.
Westrock Coffee Co is a global integrated coffee, tea and functional beverage solutions provider. It sources, roasts, manufactures and distributes coffee products, ready-to-drink beverages and custom formulations for retail, foodservice and commercial clients across North America and other key markets.
STEP vs WEST — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $339.5M |
| Net Profit | $-123.5M | $-22.6M |
| Gross Margin | — | 11.5% |
| Operating Margin | -33.2% | -2.6% |
| Net Margin | -21.0% | -6.6% |
| Revenue YoY | 73.0% | 48.3% |
| Net Profit YoY | 35.7% | 8.3% |
| EPS (diluted) | $-1.55 | $-0.22 |
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 | $339.5M | ||
| Q3 25 | $454.2M | $354.8M | ||
| Q2 25 | $364.3M | $280.9M | ||
| Q1 25 | $377.7M | $213.8M | ||
| Q4 24 | $339.0M | $229.0M | ||
| Q3 24 | $271.7M | $220.9M | ||
| Q2 24 | $186.4M | $208.4M | ||
| Q1 24 | $356.8M | $192.5M |
| Q4 25 | $-123.5M | $-22.6M | ||
| Q3 25 | $-366.1M | $-19.1M | ||
| Q2 25 | $-38.4M | $-21.6M | ||
| Q1 25 | $-18.5M | $-27.2M | ||
| Q4 24 | $-192.0M | $-24.6M | ||
| Q3 24 | $17.6M | $-14.3M | ||
| Q2 24 | $13.3M | $-17.8M | ||
| Q1 24 | $30.8M | $-23.7M |
| Q4 25 | — | 11.5% | ||
| Q3 25 | — | 11.7% | ||
| Q2 25 | — | 14.7% | ||
| Q1 25 | — | 13.6% | ||
| Q4 24 | — | 16.6% | ||
| Q3 24 | — | 16.8% | ||
| Q2 24 | — | 19.9% | ||
| Q1 24 | — | 19.4% |
| Q4 25 | -33.2% | -2.6% | ||
| Q3 25 | -148.8% | -2.4% | ||
| Q2 25 | -5.6% | -5.3% | ||
| Q1 25 | 2.6% | -6.1% | ||
| Q4 24 | -101.7% | -4.3% | ||
| Q3 24 | 21.3% | -5.8% | ||
| Q2 24 | 29.4% | -7.9% | ||
| Q1 24 | 26.5% | -5.3% |
| Q4 25 | -21.0% | -6.6% | ||
| Q3 25 | -80.6% | -5.4% | ||
| Q2 25 | -10.5% | -7.7% | ||
| Q1 25 | -4.9% | -12.7% | ||
| Q4 24 | -56.6% | -10.7% | ||
| Q3 24 | 6.5% | -6.5% | ||
| Q2 24 | 7.2% | -8.5% | ||
| Q1 24 | 8.6% | -12.3% |
| Q4 25 | $-1.55 | $-0.22 | ||
| Q3 25 | $-4.66 | $-0.20 | ||
| Q2 25 | $-0.49 | $-0.23 | ||
| Q1 25 | $-0.37 | $-0.29 | ||
| Q4 24 | $-2.61 | $-0.26 | ||
| Q3 24 | $0.26 | $-0.16 | ||
| Q2 24 | $0.20 | $-0.20 | ||
| Q1 24 | $0.47 | $-0.27 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $49.9M |
| Total DebtLower is stronger | $270.2M | $444.1M |
| Stockholders' EquityBook value | $-378.8M | $-1.9M |
| Total Assets | $5.2B | $1.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $49.9M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $44.0M | ||
| Q1 25 | — | $33.1M | ||
| Q4 24 | — | $26.2M | ||
| Q3 24 | — | $22.4M | ||
| Q2 24 | — | $24.3M | ||
| Q1 24 | — | $12.6M |
| Q4 25 | $270.2M | $444.1M | ||
| Q3 25 | $269.9M | — | ||
| Q2 25 | $269.6M | — | ||
| Q1 25 | $269.3M | — | ||
| Q4 24 | $168.9M | $393.1M | ||
| Q3 24 | $172.3M | — | ||
| Q2 24 | $172.1M | — | ||
| Q1 24 | $148.8M | — |
| Q4 25 | $-378.8M | $-1.9M | ||
| Q3 25 | $-233.5M | $11.4M | ||
| Q2 25 | $153.9M | $18.2M | ||
| Q1 25 | $179.4M | $71.4M | ||
| Q4 24 | $209.8M | $97.5M | ||
| Q3 24 | $397.5M | $110.3M | ||
| Q2 24 | $366.9M | $81.5M | ||
| Q1 24 | $324.5M | $91.7M |
| Q4 25 | $5.2B | $1.2B | ||
| Q3 25 | $5.3B | $1.2B | ||
| Q2 25 | $4.8B | $1.2B | ||
| Q1 25 | $4.6B | $1.1B | ||
| Q4 24 | $4.3B | $1.1B | ||
| Q3 24 | $4.0B | $1.1B | ||
| Q2 24 | $3.8B | $1.1B | ||
| Q1 24 | $3.8B | $983.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 0.81× | 4.03× | ||
| Q3 24 | 0.43× | — | ||
| Q2 24 | 0.47× | — | ||
| 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 | $36.7M |
| Free Cash FlowOCF − Capex | $26.7M | $27.8M |
| FCF MarginFCF / Revenue | 4.6% | 8.2% |
| Capex IntensityCapex / Revenue | 0.1% | 2.6% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | $-107.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.2M | $36.7M | ||
| Q3 25 | $16.2M | $-26.6M | ||
| Q2 25 | $46.3M | $-7.0M | ||
| Q1 25 | $-66.5M | $-22.1M | ||
| Q4 24 | $27.6M | $2.8M | ||
| Q3 24 | $53.7M | $-332.0K | ||
| Q2 24 | $50.2M | $-23.7M | ||
| Q1 24 | $7.6M | $8.0M |
| Q4 25 | $26.7M | $27.8M | ||
| Q3 25 | $15.9M | $-44.7M | ||
| Q2 25 | $45.2M | $-27.5M | ||
| Q1 25 | $-69.2M | $-63.4M | ||
| Q4 24 | $27.0M | $-15.4M | ||
| Q3 24 | $52.4M | $-36.7M | ||
| Q2 24 | $49.6M | $-59.9M | ||
| Q1 24 | $6.7M | $-60.9M |
| Q4 25 | 4.6% | 8.2% | ||
| Q3 25 | 3.5% | -12.6% | ||
| Q2 25 | 12.4% | -9.8% | ||
| Q1 25 | -18.3% | -29.7% | ||
| Q4 24 | 8.0% | -6.7% | ||
| Q3 24 | 19.3% | -16.6% | ||
| Q2 24 | 26.6% | -28.7% | ||
| Q1 24 | 1.9% | -31.7% |
| Q4 25 | 0.1% | 2.6% | ||
| Q3 25 | 0.1% | 5.1% | ||
| Q2 25 | 0.3% | 7.3% | ||
| Q1 25 | 0.7% | 19.3% | ||
| Q4 24 | 0.2% | 7.9% | ||
| Q3 24 | 0.5% | 16.5% | ||
| Q2 24 | 0.3% | 17.4% | ||
| Q1 24 | 0.3% | 35.8% |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 3.05× | — | ||
| Q2 24 | 3.76× | — | ||
| 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% |
WEST
| Coffee And Tea | $202.6M | 60% |
| Flavors Extracts And Ingredients | $69.6M | 21% |
| Sustainable Sourcing And Traceability Segments | $66.9M | 20% |
