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Side-by-side financial comparison of StepStone Group Inc. (STEP) and EXPRO GROUP HOLDINGS N.V. (XPRO). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $382.1M, roughly 1.5× EXPRO GROUP HOLDINGS N.V.). EXPRO GROUP HOLDINGS N.V. runs the higher net margin — 1.5% vs -21.0%, a 22.6% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs -12.5%). StepStone Group Inc. produced more free cash flow last quarter ($26.7M vs $23.2M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -0.2%).
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.
Expro is an energy services provider headquartered in Houston, Texas, United States.
STEP vs XPRO — Head-to-Head
Income Statement — Q3 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $382.1M |
| Net Profit | $-123.5M | $5.8M |
| Gross Margin | — | — |
| Operating Margin | -33.2% | 3.1% |
| Net Margin | -21.0% | 1.5% |
| Revenue YoY | 73.0% | -12.5% |
| Net Profit YoY | 35.7% | -74.9% |
| EPS (diluted) | $-1.55 | $0.05 |
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 | $382.1M | ||
| Q3 25 | $454.2M | $411.4M | ||
| Q2 25 | $364.3M | $422.7M | ||
| Q1 25 | $377.7M | $390.9M | ||
| Q4 24 | $339.0M | $436.8M | ||
| Q3 24 | $271.7M | $422.8M | ||
| Q2 24 | $186.4M | $469.6M | ||
| Q1 24 | $356.8M | $383.5M |
| Q4 25 | $-123.5M | $5.8M | ||
| Q3 25 | $-366.1M | $14.0M | ||
| Q2 25 | $-38.4M | $18.0M | ||
| Q1 25 | $-18.5M | $13.9M | ||
| Q4 24 | $-192.0M | $23.0M | ||
| Q3 24 | $17.6M | $16.3M | ||
| Q2 24 | $13.3M | $15.3M | ||
| Q1 24 | $30.8M | $-2.7M |
| Q4 25 | -33.2% | 3.1% | ||
| Q3 25 | -148.8% | 6.4% | ||
| Q2 25 | -5.6% | 7.7% | ||
| Q1 25 | 2.6% | 2.6% | ||
| Q4 24 | -101.7% | 7.3% | ||
| Q3 24 | 21.3% | 6.2% | ||
| Q2 24 | 29.4% | 5.9% | ||
| Q1 24 | 26.5% | 2.2% |
| Q4 25 | -21.0% | 1.5% | ||
| Q3 25 | -80.6% | 3.4% | ||
| Q2 25 | -10.5% | 4.3% | ||
| Q1 25 | -4.9% | 3.6% | ||
| Q4 24 | -56.6% | 5.3% | ||
| Q3 24 | 6.5% | 3.8% | ||
| Q2 24 | 7.2% | 3.3% | ||
| Q1 24 | 8.6% | -0.7% |
| Q4 25 | $-1.55 | $0.05 | ||
| Q3 25 | $-4.66 | $0.12 | ||
| Q2 25 | $-0.49 | $0.16 | ||
| Q1 25 | $-0.37 | $0.12 | ||
| Q4 24 | $-2.61 | $0.20 | ||
| Q3 24 | $0.26 | $0.14 | ||
| Q2 24 | $0.20 | $0.13 | ||
| Q1 24 | $0.47 | $-0.02 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $196.1M |
| Total DebtLower is stronger | $270.2M | $79.1M |
| Stockholders' EquityBook value | $-378.8M | $1.5B |
| Total Assets | $5.2B | $2.3B |
| Debt / EquityLower = less leverage | — | 0.05× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | $196.1M | ||
| Q3 25 | — | $197.9M | ||
| Q2 25 | — | $206.8M | ||
| Q1 25 | — | $179.3M | ||
| Q4 24 | — | $183.0M | ||
| Q3 24 | — | $165.7M | ||
| Q2 24 | — | $133.5M | ||
| Q1 24 | — | $163.2M |
| Q4 25 | $270.2M | $79.1M | ||
| Q3 25 | $269.9M | $99.1M | ||
| Q2 25 | $269.6M | $121.1M | ||
| Q1 25 | $269.3M | $121.1M | ||
| Q4 24 | $168.9M | $121.1M | ||
| Q3 24 | $172.3M | $121.1M | ||
| Q2 24 | $172.1M | $121.1M | ||
| Q1 24 | $148.8M | $40.0M |
| Q4 25 | $-378.8M | $1.5B | ||
| Q3 25 | $-233.5M | $1.5B | ||
| Q2 25 | $153.9M | $1.5B | ||
| Q1 25 | $179.4M | $1.5B | ||
| Q4 24 | $209.8M | $1.5B | ||
| Q3 24 | $397.5M | $1.5B | ||
| Q2 24 | $366.9M | $1.5B | ||
| Q1 24 | $324.5M | $1.3B |
| Q4 25 | $5.2B | $2.3B | ||
| Q3 25 | $5.3B | $2.3B | ||
| Q2 25 | $4.8B | $2.3B | ||
| Q1 25 | $4.6B | $2.3B | ||
| Q4 24 | $4.3B | $2.3B | ||
| Q3 24 | $4.0B | $2.3B | ||
| Q2 24 | $3.8B | $2.3B | ||
| Q1 24 | $3.8B | $2.0B |
| Q4 25 | — | 0.05× | ||
| Q3 25 | — | 0.07× | ||
| Q2 25 | 1.75× | 0.08× | ||
| Q1 25 | 1.50× | 0.08× | ||
| Q4 24 | 0.81× | 0.08× | ||
| Q3 24 | 0.43× | 0.08× | ||
| Q2 24 | 0.47× | 0.08× | ||
| Q1 24 | 0.46× | 0.03× |
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 | $57.1M |
| Free Cash FlowOCF − Capex | $26.7M | $23.2M |
| FCF MarginFCF / Revenue | 4.6% | 6.1% |
| Capex IntensityCapex / Revenue | 0.1% | 8.9% |
| Cash ConversionOCF / Net Profit | — | 9.89× |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | $97.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.2M | $57.1M | ||
| Q3 25 | $16.2M | $63.2M | ||
| Q2 25 | $46.3M | $48.4M | ||
| Q1 25 | $-66.5M | $41.5M | ||
| Q4 24 | $27.6M | $97.4M | ||
| Q3 24 | $53.7M | $55.3M | ||
| Q2 24 | $50.2M | $-13.2M | ||
| Q1 24 | $7.6M | $29.9M |
| Q4 25 | $26.7M | $23.2M | ||
| Q3 25 | $15.9M | $39.0M | ||
| Q2 25 | $45.2M | $27.2M | ||
| Q1 25 | $-69.2M | $8.4M | ||
| Q4 24 | $27.0M | $53.0M | ||
| Q3 24 | $52.4M | $23.3M | ||
| Q2 24 | $49.6M | $-49.5M | ||
| Q1 24 | $6.7M | $-801.0K |
| Q4 25 | 4.6% | 6.1% | ||
| Q3 25 | 3.5% | 9.5% | ||
| Q2 25 | 12.4% | 6.4% | ||
| Q1 25 | -18.3% | 2.1% | ||
| Q4 24 | 8.0% | 12.1% | ||
| Q3 24 | 19.3% | 5.5% | ||
| Q2 24 | 26.6% | -10.5% | ||
| Q1 24 | 1.9% | -0.2% |
| Q4 25 | 0.1% | 8.9% | ||
| Q3 25 | 0.1% | 5.9% | ||
| Q2 25 | 0.3% | 5.0% | ||
| Q1 25 | 0.7% | 8.5% | ||
| Q4 24 | 0.2% | 10.2% | ||
| Q3 24 | 0.5% | 7.6% | ||
| Q2 24 | 0.3% | 7.7% | ||
| Q1 24 | 0.3% | 8.0% |
| Q4 25 | — | 9.89× | ||
| Q3 25 | — | 4.52× | ||
| Q2 25 | — | 2.69× | ||
| Q1 25 | — | 2.98× | ||
| Q4 24 | — | 4.23× | ||
| Q3 24 | 3.05× | 3.40× | ||
| Q2 24 | 3.76× | -0.86× | ||
| 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% |
XPRO
| NLA | $130.3M | 34% |
| ESSA | $116.3M | 30% |
| MENA | $93.0M | 24% |
| Other | $42.5M | 11% |
