COMP <GO>
STEP vs MS // RETURN ON INVESTED CAPITAL (ROIC)
StepStone Group Inc. (NASDAQ) VS. Morgan Stanley (NYSE) • 15-METRIC TALLY: STEP 5
— MS 8
▲ RETURN ON INVESTED CAPITAL (ROIC) LEADER: MS
LAST: $43.22 (-2.81%) • MKT CAP: $5.37B
roic
-35.00%
LAST: $184.30 (-3.00%) • MKT CAP: $298.41B
roic
3.00%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (STEP VS. MS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | STEP | MS | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | 41.00% | 41.00% | 0.00 | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) ACTIVE | -35.00% | 3.00% | -38.00 | MS | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | 31.0x | — | TIE | /valuation <GO> |
| Free Cash Flow Yield | 1.19% | -7.25% | +8.44 | STEP | /fcf-yield <GO> |
| Operating Margin | -45.50% | 24.60% | -70.10 | MS | /operating-margins <GO> |
| Net Profit Margin | -37.30% | 20.20% | -57.50 | MS | /net-margins <GO> |
| Revenue Growth (YoY) | 69.70% | 5.50% | +64.20 | STEP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.19% | 2.21% | -0.02 | MS | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | 0.45 | 0.46 | -0.01 | MS | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 5/9 | +2.00 | STEP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | 6.60% | 7.00% | -0.40 | STEP | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 47.6 | 43.3 | +4.28 | STEP | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | 0.92 | 1.04 | -0.12 | MS | /macro-sensitivity <GO> |
| Forward P/E Multiple | 18.0x | 16.5x | +1.50 | MS | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.37B | $298.41B | -$293.04B | MS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | STEP REV | MS REV | STEP GROSS % | MS GROSS % | STEP FCF | MS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.99B | $0 | 44.0% | — | $63.9M | -$17.89B |
| FY 2024 | $1.17B | $0 | 44.0% | — | $59.8M | $1.36B |
| FY 2023 | $711.6M | $0 | 44.0% | — | $129.5M | -$33.54B |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
STEP // BETA 0.92
MS // BETA 1.04