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Side-by-side financial comparison of StepStone Group Inc. (STEP) and Western Union CO (WU). Click either name above to swap in a different company.
Western Union CO is the larger business by last-quarter revenue ($982.7M vs $586.5M, roughly 1.7× StepStone Group Inc.). Western Union CO runs the higher net margin — 6.6% vs -21.0%, a 27.6% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 0.0%). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -1.9%).
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.
The Western Union Company is an American multinational financial services corporation headquartered in Denver, Colorado.
STEP vs WU — Head-to-Head
Income Statement — Q3 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $982.7M |
| Net Profit | $-123.5M | $64.7M |
| Gross Margin | — | — |
| Operating Margin | -33.2% | 12.5% |
| Net Margin | -21.0% | 6.6% |
| Revenue YoY | 73.0% | 0.0% |
| Net Profit YoY | 35.7% | -47.6% |
| EPS (diluted) | $-1.55 | $0.41 |
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 | — | $982.7M | ||
| Q4 25 | $586.5M | $972.0M | ||
| Q3 25 | $454.2M | $985.3M | ||
| Q2 25 | $364.3M | $983.6M | ||
| Q1 25 | $377.7M | $938.7M | ||
| Q4 24 | $339.0M | $1.0B | ||
| Q3 24 | $271.7M | $993.4M | ||
| Q2 24 | $186.4M | $1.0B |
| Q1 26 | — | $64.7M | ||
| Q4 25 | $-123.5M | $114.4M | ||
| Q3 25 | $-366.1M | $139.6M | ||
| Q2 25 | $-38.4M | $122.1M | ||
| Q1 25 | $-18.5M | $123.5M | ||
| Q4 24 | $-192.0M | $385.7M | ||
| Q3 24 | $17.6M | $264.8M | ||
| Q2 24 | $13.3M | $141.0M |
| Q1 26 | — | — | ||
| Q4 25 | — | 33.6% | ||
| Q3 25 | — | 34.7% | ||
| Q2 25 | — | 34.6% | ||
| Q1 25 | — | 34.0% | ||
| Q4 24 | — | 35.0% | ||
| Q3 24 | — | 34.2% | ||
| Q2 24 | — | 35.0% |
| Q1 26 | — | 12.5% | ||
| Q4 25 | -33.2% | 19.1% | ||
| Q3 25 | -148.8% | 20.5% | ||
| Q2 25 | -5.6% | 19.6% | ||
| Q1 25 | 2.6% | 18.9% | ||
| Q4 24 | -101.7% | 17.5% | ||
| Q3 24 | 21.3% | 16.6% | ||
| Q2 24 | 29.4% | 18.7% |
| Q1 26 | — | 6.6% | ||
| Q4 25 | -21.0% | 11.8% | ||
| Q3 25 | -80.6% | 14.2% | ||
| Q2 25 | -10.5% | 12.4% | ||
| Q1 25 | -4.9% | 13.2% | ||
| Q4 24 | -56.6% | 37.9% | ||
| Q3 24 | 6.5% | 26.7% | ||
| Q2 24 | 7.2% | 13.8% |
| Q1 26 | — | $0.41 | ||
| Q4 25 | $-1.55 | $0.36 | ||
| Q3 25 | $-4.66 | $0.43 | ||
| Q2 25 | $-0.49 | $0.37 | ||
| Q1 25 | $-0.37 | $0.36 | ||
| Q4 24 | $-2.61 | $1.14 | ||
| Q3 24 | $0.26 | $0.78 | ||
| Q2 24 | $0.20 | $0.41 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $909.2M |
| Total DebtLower is stronger | $270.2M | — |
| Stockholders' EquityBook value | $-378.8M | $910.5M |
| Total Assets | $5.2B | $8.1B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $909.2M | ||
| Q4 25 | — | $1.2B | ||
| Q3 25 | — | $947.8M | ||
| Q2 25 | — | $1.0B | ||
| Q1 25 | — | $1.3B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | $1.1B | ||
| Q2 24 | — | $1.0B |
| Q1 26 | — | — | ||
| Q4 25 | $270.2M | $2.9B | ||
| Q3 25 | $269.9M | $2.5B | ||
| Q2 25 | $269.6M | $2.5B | ||
| Q1 25 | $269.3M | $2.5B | ||
| Q4 24 | $168.9M | $3.0B | ||
| Q3 24 | $172.3M | $2.1B | ||
| Q2 24 | $172.1M | $2.1B |
| Q1 26 | — | $910.5M | ||
| Q4 25 | $-378.8M | $957.8M | ||
| Q3 25 | $-233.5M | $925.4M | ||
| Q2 25 | $153.9M | $883.6M | ||
| Q1 25 | $179.4M | $939.4M | ||
| Q4 24 | $209.8M | $968.9M | ||
| Q3 24 | $397.5M | $652.7M | ||
| Q2 24 | $366.9M | $440.8M |
| Q1 26 | — | $8.1B | ||
| Q4 25 | $5.2B | $8.3B | ||
| Q3 25 | $5.3B | $7.8B | ||
| Q2 25 | $4.8B | $8.0B | ||
| Q1 25 | $4.6B | $8.3B | ||
| Q4 24 | $4.3B | $8.4B | ||
| Q3 24 | $4.0B | $7.7B | ||
| Q2 24 | $3.8B | $8.0B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.01× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | 1.75× | 2.83× | ||
| Q1 25 | 1.50× | 2.61× | ||
| Q4 24 | 0.81× | 3.04× | ||
| Q3 24 | 0.43× | 3.29× | ||
| Q2 24 | 0.47× | 4.88× |
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 | $109.0M |
| Free Cash FlowOCF − Capex | $26.7M | — |
| FCF MarginFCF / Revenue | 4.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | 4.8% |
| Cash ConversionOCF / Net Profit | — | 1.68× |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $109.0M | ||
| Q4 25 | $27.2M | $135.4M | ||
| Q3 25 | $16.2M | $260.4M | ||
| Q2 25 | $46.3M | $-300.0K | ||
| Q1 25 | $-66.5M | $148.2M | ||
| Q4 24 | $27.6M | $134.0M | ||
| Q3 24 | $53.7M | $212.1M | ||
| Q2 24 | $50.2M | $-33.8M |
| Q1 26 | — | — | ||
| Q4 25 | $26.7M | $115.5M | ||
| Q3 25 | $15.9M | $252.7M | ||
| Q2 25 | $45.2M | $-7.8M | ||
| Q1 25 | $-69.2M | $144.8M | ||
| Q4 24 | $27.0M | $119.7M | ||
| Q3 24 | $52.4M | $205.1M | ||
| Q2 24 | $49.6M | $-38.9M |
| Q1 26 | — | — | ||
| Q4 25 | 4.6% | 11.9% | ||
| Q3 25 | 3.5% | 25.6% | ||
| Q2 25 | 12.4% | -0.8% | ||
| Q1 25 | -18.3% | 15.4% | ||
| Q4 24 | 8.0% | 11.8% | ||
| Q3 24 | 19.3% | 20.6% | ||
| Q2 24 | 26.6% | -3.8% |
| Q1 26 | — | 4.8% | ||
| Q4 25 | 0.1% | 2.0% | ||
| Q3 25 | 0.1% | 0.8% | ||
| Q2 25 | 0.3% | 0.8% | ||
| Q1 25 | 0.7% | 0.4% | ||
| Q4 24 | 0.2% | 1.4% | ||
| Q3 24 | 0.5% | 0.7% | ||
| Q2 24 | 0.3% | 0.5% |
| Q1 26 | — | 1.68× | ||
| Q4 25 | — | 1.18× | ||
| Q3 25 | — | 1.87× | ||
| Q2 25 | — | -0.00× | ||
| Q1 25 | — | 1.20× | ||
| Q4 24 | — | 0.35× | ||
| Q3 24 | 3.05× | 0.80× | ||
| Q2 24 | 3.76× | -0.24× |
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% |
WU
Segment breakdown not available.
