vs
Side-by-side financial comparison of StepStone Group Inc. (STEP) and WYNDHAM HOTELS & RESORTS, INC. (WH). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $334.0M, roughly 1.8× WYNDHAM HOTELS & RESORTS, INC.). WYNDHAM HOTELS & RESORTS, INC. runs the higher net margin — -18.0% vs -21.0%, a 3.1% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -76.3%). WYNDHAM HOTELS & RESORTS, INC. produced more free cash flow last quarter ($168.0M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -4.6%).
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.
Wyndham Hotels & Resorts, Inc., is an American hospitality company based in Parsippany, New Jersey, United States. It describes itself as the largest hotel franchisor in the world, with 9,100 locations.
STEP vs WH — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $334.0M |
| Net Profit | $-123.5M | $-60.0M |
| Gross Margin | — | — |
| Operating Margin | -33.2% | — |
| Net Margin | -21.0% | -18.0% |
| Revenue YoY | 73.0% | -76.3% |
| Net Profit YoY | 35.7% | -170.6% |
| EPS (diluted) | $-1.55 | $-0.80 |
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 | — | $334.0M | ||
| Q4 25 | $586.5M | $334.0M | ||
| Q3 25 | $454.2M | $382.0M | ||
| Q2 25 | $364.3M | $397.0M | ||
| Q1 25 | $377.7M | $316.0M | ||
| Q4 24 | $339.0M | $336.0M | ||
| Q3 24 | $271.7M | $396.0M | ||
| Q2 24 | $186.4M | $367.0M |
| Q1 26 | — | $-60.0M | ||
| Q4 25 | $-123.5M | $-60.0M | ||
| Q3 25 | $-366.1M | $105.0M | ||
| Q2 25 | $-38.4M | $87.0M | ||
| Q1 25 | $-18.5M | $61.0M | ||
| Q4 24 | $-192.0M | $85.0M | ||
| Q3 24 | $17.6M | $102.0M | ||
| Q2 24 | $13.3M | $86.0M |
| Q1 26 | — | — | ||
| Q4 25 | -33.2% | -11.4% | ||
| Q3 25 | -148.8% | 46.6% | ||
| Q2 25 | -5.6% | 37.8% | ||
| Q1 25 | 2.6% | 35.4% | ||
| Q4 24 | -101.7% | 38.4% | ||
| Q3 24 | 21.3% | 43.2% | ||
| Q2 24 | 29.4% | 39.5% |
| Q1 26 | — | -18.0% | ||
| Q4 25 | -21.0% | -18.0% | ||
| Q3 25 | -80.6% | 27.5% | ||
| Q2 25 | -10.5% | 21.9% | ||
| Q1 25 | -4.9% | 19.3% | ||
| Q4 24 | -56.6% | 25.3% | ||
| Q3 24 | 6.5% | 25.8% | ||
| Q2 24 | 7.2% | 23.4% |
| Q1 26 | — | $-0.80 | ||
| Q4 25 | $-1.55 | $-0.77 | ||
| Q3 25 | $-4.66 | $1.36 | ||
| Q2 25 | $-0.49 | $1.13 | ||
| Q1 25 | $-0.37 | $0.78 | ||
| Q4 24 | $-2.61 | $1.06 | ||
| Q3 24 | $0.26 | $1.29 | ||
| Q2 24 | $0.20 | $1.07 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $64.0M |
| Total DebtLower is stronger | $270.2M | — |
| Stockholders' EquityBook value | $-378.8M | $468.0M |
| Total Assets | $5.2B | $4.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $64.0M | ||
| Q4 25 | — | $64.0M | ||
| Q3 25 | — | $70.0M | ||
| Q2 25 | — | $50.0M | ||
| Q1 25 | — | $48.0M | ||
| Q4 24 | — | $103.0M | ||
| Q3 24 | — | $72.0M | ||
| Q2 24 | — | $70.0M |
| Q1 26 | — | — | ||
| Q4 25 | $270.2M | $2.5B | ||
| Q3 25 | $269.9M | $2.6B | ||
| Q2 25 | $269.6M | $2.5B | ||
| Q1 25 | $269.3M | $2.5B | ||
| Q4 24 | $168.9M | $2.4B | ||
| Q3 24 | $172.3M | $2.4B | ||
| Q2 24 | $172.1M | $2.4B |
| Q1 26 | — | $468.0M | ||
| Q4 25 | $-378.8M | $468.0M | ||
| Q3 25 | $-233.5M | $583.0M | ||
| Q2 25 | $153.9M | $570.0M | ||
| Q1 25 | $179.4M | $579.0M | ||
| Q4 24 | $209.8M | $650.0M | ||
| Q3 24 | $397.5M | $583.0M | ||
| Q2 24 | $366.9M | $623.0M |
| Q1 26 | — | $4.2B | ||
| Q4 25 | $5.2B | $4.2B | ||
| Q3 25 | $5.3B | $4.3B | ||
| Q2 25 | $4.8B | $4.3B | ||
| Q1 25 | $4.6B | $4.2B | ||
| Q4 24 | $4.3B | $4.2B | ||
| Q3 24 | $4.0B | $4.2B | ||
| Q2 24 | $3.8B | $4.2B |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.37× | ||
| Q3 25 | — | 4.43× | ||
| Q2 25 | 1.75× | 4.44× | ||
| Q1 25 | 1.50× | 4.29× | ||
| Q4 24 | 0.81× | 3.72× | ||
| Q3 24 | 0.43× | 4.19× | ||
| Q2 24 | 0.47× | 3.83× |
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 | $367.0M |
| Free Cash FlowOCF − Capex | $26.7M | $168.0M |
| FCF MarginFCF / Revenue | 4.6% | 50.3% |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | $437.0M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $367.0M | ||
| Q4 25 | $27.2M | $152.0M | ||
| Q3 25 | $16.2M | $86.0M | ||
| Q2 25 | $46.3M | $70.0M | ||
| Q1 25 | $-66.5M | $59.0M | ||
| Q4 24 | $27.6M | $134.0M | ||
| Q3 24 | $53.7M | $79.0M | ||
| Q2 24 | $50.2M | $1.0M |
| Q1 26 | — | $168.0M | ||
| Q4 25 | $26.7M | $136.0M | ||
| Q3 25 | $15.9M | $75.0M | ||
| Q2 25 | $45.2M | $58.0M | ||
| Q1 25 | $-69.2M | $52.0M | ||
| Q4 24 | $27.0M | $109.0M | ||
| Q3 24 | $52.4M | $71.0M | ||
| Q2 24 | $49.6M | $-6.0M |
| Q1 26 | — | 50.3% | ||
| Q4 25 | 4.6% | 40.7% | ||
| Q3 25 | 3.5% | 19.6% | ||
| Q2 25 | 12.4% | 14.6% | ||
| Q1 25 | -18.3% | 16.5% | ||
| Q4 24 | 8.0% | 32.4% | ||
| Q3 24 | 19.3% | 17.9% | ||
| Q2 24 | 26.6% | -1.6% |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | 4.8% | ||
| Q3 25 | 0.1% | 2.9% | ||
| Q2 25 | 0.3% | 3.0% | ||
| Q1 25 | 0.7% | 2.2% | ||
| Q4 24 | 0.2% | 7.4% | ||
| Q3 24 | 0.5% | 2.0% | ||
| Q2 24 | 0.3% | 1.9% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 0.82× | ||
| Q2 25 | — | 0.80× | ||
| Q1 25 | — | 0.97× | ||
| Q4 24 | — | 1.58× | ||
| Q3 24 | 3.05× | 0.77× | ||
| Q2 24 | 3.76× | 0.01× |
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% |
WH
| Fee-related and other revenues | $334.0M | 100% |
| Management and other fees | $2.0M | 1% |
