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Side-by-side financial comparison of StepStone Group Inc. (STEP) and YETI Holdings, Inc. (YETI). Click either name above to swap in a different company.
StepStone Group Inc. is the larger business by last-quarter revenue ($586.5M vs $487.8M, roughly 1.2× YETI Holdings, Inc.). YETI Holdings, Inc. runs the higher net margin — 8.1% vs -21.0%, a 29.1% gap on every dollar of revenue. On growth, StepStone Group Inc. posted the faster year-over-year revenue change (73.0% vs 1.9%). YETI Holdings, Inc. produced more free cash flow last quarter ($89.1M vs $26.7M). Over the past eight quarters, StepStone Group Inc.'s revenue compounded faster (28.2% CAGR vs -3.1%).
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.
YETI Holdings, Inc. is an American brand of outdoor recreation products, headquartered in Austin, Texas, specializing in outdoor products such as ice chests, vacuum-insulated stainless-steel drinkware, soft coolers, dry bags, and related accessories.
STEP vs YETI — Head-to-Head
Income Statement — Q3 FY2026 vs Q3 FY2025
| Metric | | |
|---|---|---|
| Revenue | $586.5M | $487.8M |
| Net Profit | $-123.5M | $39.4M |
| Gross Margin | — | 55.9% |
| Operating Margin | -33.2% | 11.1% |
| Net Margin | -21.0% | 8.1% |
| Revenue YoY | 73.0% | 1.9% |
| Net Profit YoY | 35.7% | -30.0% |
| EPS (diluted) | $-1.55 | $0.48 |
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 | — | ||
| Q3 25 | $454.2M | $487.8M | ||
| Q2 25 | $364.3M | $445.9M | ||
| Q1 25 | $377.7M | $351.1M | ||
| Q4 24 | $339.0M | $546.5M | ||
| Q3 24 | $271.7M | $478.4M | ||
| Q2 24 | $186.4M | $463.5M | ||
| Q1 24 | $356.8M | $341.4M |
| Q4 25 | $-123.5M | — | ||
| Q3 25 | $-366.1M | $39.4M | ||
| Q2 25 | $-38.4M | $51.2M | ||
| Q1 25 | $-18.5M | $16.6M | ||
| Q4 24 | $-192.0M | $53.2M | ||
| Q3 24 | $17.6M | $56.3M | ||
| Q2 24 | $13.3M | $50.4M | ||
| Q1 24 | $30.8M | $15.9M |
| Q4 25 | — | — | ||
| Q3 25 | — | 55.9% | ||
| Q2 25 | — | 57.8% | ||
| Q1 25 | — | 57.4% | ||
| Q4 24 | — | 59.7% | ||
| Q3 24 | — | 58.0% | ||
| Q2 24 | — | 57.0% | ||
| Q1 24 | — | 57.1% |
| Q4 25 | -33.2% | — | ||
| Q3 25 | -148.8% | 11.1% | ||
| Q2 25 | -5.6% | 13.9% | ||
| Q1 25 | 2.6% | 6.2% | ||
| Q4 24 | -101.7% | 15.1% | ||
| Q3 24 | 21.3% | 14.6% | ||
| Q2 24 | 29.4% | 14.5% | ||
| Q1 24 | 26.5% | 7.6% |
| Q4 25 | -21.0% | — | ||
| Q3 25 | -80.6% | 8.1% | ||
| Q2 25 | -10.5% | 11.5% | ||
| Q1 25 | -4.9% | 4.7% | ||
| Q4 24 | -56.6% | 9.7% | ||
| Q3 24 | 6.5% | 11.8% | ||
| Q2 24 | 7.2% | 10.9% | ||
| Q1 24 | 8.6% | 4.6% |
| Q4 25 | $-1.55 | — | ||
| Q3 25 | $-4.66 | $0.48 | ||
| Q2 25 | $-0.49 | $0.61 | ||
| Q1 25 | $-0.37 | $0.20 | ||
| Q4 24 | $-2.61 | $0.62 | ||
| Q3 24 | $0.26 | $0.66 | ||
| Q2 24 | $0.20 | $0.59 | ||
| Q1 24 | $0.47 | $0.18 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $270.2M | — |
| Stockholders' EquityBook value | $-378.8M | $702.6M |
| Total Assets | $5.2B | $1.3B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $270.2M | — | ||
| Q3 25 | $269.9M | — | ||
| Q2 25 | $269.6M | — | ||
| Q1 25 | $269.3M | — | ||
| Q4 24 | $168.9M | $72.8M | ||
| Q3 24 | $172.3M | — | ||
| Q2 24 | $172.1M | — | ||
| Q1 24 | $148.8M | — |
| Q4 25 | $-378.8M | — | ||
| Q3 25 | $-233.5M | $702.6M | ||
| Q2 25 | $153.9M | $802.7M | ||
| Q1 25 | $179.4M | $764.3M | ||
| Q4 24 | $209.8M | $740.1M | ||
| Q3 24 | $397.5M | $770.0M | ||
| Q2 24 | $366.9M | $705.9M | ||
| Q1 24 | $324.5M | $646.9M |
| Q4 25 | $5.2B | — | ||
| Q3 25 | $5.3B | $1.3B | ||
| Q2 25 | $4.8B | $1.3B | ||
| Q1 25 | $4.6B | $1.2B | ||
| Q4 24 | $4.3B | $1.3B | ||
| Q3 24 | $4.0B | $1.3B | ||
| Q2 24 | $3.8B | $1.2B | ||
| Q1 24 | $3.8B | $1.1B |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | 1.75× | — | ||
| Q1 25 | 1.50× | — | ||
| Q4 24 | 0.81× | 0.10× | ||
| 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 | $100.9M |
| Free Cash FlowOCF − Capex | $26.7M | $89.1M |
| FCF MarginFCF / Revenue | 4.6% | 18.3% |
| Capex IntensityCapex / Revenue | 0.1% | 2.4% |
| Cash ConversionOCF / Net Profit | — | 2.56× |
| TTM Free Cash FlowTrailing 4 quarters | $18.6M | $265.2M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $27.2M | — | ||
| Q3 25 | $16.2M | $100.9M | ||
| Q2 25 | $46.3M | $61.2M | ||
| Q1 25 | $-66.5M | $-80.3M | ||
| Q4 24 | $27.6M | $225.6M | ||
| Q3 24 | $53.7M | $83.5M | ||
| Q2 24 | $50.2M | $56.0M | ||
| Q1 24 | $7.6M | $-103.7M |
| Q4 25 | $26.7M | — | ||
| Q3 25 | $15.9M | $89.1M | ||
| Q2 25 | $45.2M | $50.2M | ||
| Q1 25 | $-69.2M | $-89.2M | ||
| Q4 24 | $27.0M | $215.1M | ||
| Q3 24 | $52.4M | $73.8M | ||
| Q2 24 | $49.6M | $45.0M | ||
| Q1 24 | $6.7M | $-114.3M |
| Q4 25 | 4.6% | — | ||
| Q3 25 | 3.5% | 18.3% | ||
| Q2 25 | 12.4% | 11.2% | ||
| Q1 25 | -18.3% | -25.4% | ||
| Q4 24 | 8.0% | 39.4% | ||
| Q3 24 | 19.3% | 15.4% | ||
| Q2 24 | 26.6% | 9.7% | ||
| Q1 24 | 1.9% | -33.5% |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | 2.4% | ||
| Q2 25 | 0.3% | 2.5% | ||
| Q1 25 | 0.7% | 2.5% | ||
| Q4 24 | 0.2% | 1.9% | ||
| Q3 24 | 0.5% | 2.0% | ||
| Q2 24 | 0.3% | 2.4% | ||
| Q1 24 | 0.3% | 3.1% |
| Q4 25 | — | — | ||
| Q3 25 | — | 2.56× | ||
| Q2 25 | — | 1.20× | ||
| Q1 25 | — | -4.83× | ||
| Q4 24 | — | 4.24× | ||
| Q3 24 | 3.05× | 1.48× | ||
| Q2 24 | 3.76× | 1.11× | ||
| Q1 24 | 0.25× | -6.54× |
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% |
YETI
| Drinkware | $263.8M | 54% |
| Coolers And Equipment | $215.4M | 44% |
| Other | $8.6M | 2% |
