SEI Investments vs StepStone Group
SEI Investments reported revenue of $2.3 billion in fiscal 2025, 1.2 times StepStone Group's $2.0 billion in fiscal 2026. SEI Investments' revenue grew 8.1% in its latest year, and StepStone Group's grew 69.7%. Free cash flow was $585 million at SEI Investments and $64 million at StepStone Group. Their fiscal years end in different months (December 31 and March 31), so the periods don't line up exactly.
Side by side
| SEI Investments | StepStone Group | |
|---|---|---|
| Latest fiscal year | FY2025, Dec 31, 2025 | FY2026, Mar 31, 2026 |
| Revenue | $2.3B | $2.0B |
| Revenue growth | 8.1% | 69.7% |
| Revenue growth a year, last 5 years | 6.4% | 20.4% |
| Gross margin | 35.2% | — |
| Operating margin | 27.3% | — |
| Net margin | 31.1% | −26.9% |
| Free cash flow | $585M | $64M |
| Free cash flow margin | 25.5% | 3.2% |
| Return on capital | — | — |
| Net debt to EBITDA | — | — |
| Dividends and buybacks | $752M | $126M |
| Change in diluted share count | −3.5% | 11.1% |
| Last close | $105.30 | $47.45 |
| P/E at the last close | 18.3× | — |
| Insider trades, last 12 months | sold $50.1 million | bought $5.6 million, sold $37.4 million |
| Piotroski F-score | — | — |
Amounts in each company's own currency, US$ unless marked (a foreign company may report in another), each company's latest fiscal year from its 10-K, or 20-F or 40-F for a foreign company. Growth rates compare with the year before; the five-year rate is the average a year. Free cash flow is cash from operations minus capital spending; return on capital is after-tax operating income over the money invested in the business; P/E is the last close over the latest earnings per share. Banks are measured differently (return on equity, efficiency ratio), so some rows apply to one company only.
Ten years
Revenue
US$ billions, fiscal years
SEI InvestmentsStepStone Group
Operating margin
Percent of revenue
SEI InvestmentsStepStone Group
Free cash flow
US$ billions. Cash from operations minus capital expenditure.
SEI InvestmentsStepStone Group
Source: the companies' Form 10-K filings, from SEC EDGAR, and the last close. For information only, not investment advice: the figures describe results, not which company is the better investment. The Filing Desk is not affiliated with either company. Full figures on the SEI Investments and StepStone Group pages.