STEP vs. TPG: A Head-to-Head Stock Comparison

Updated on November 20, 2025

Here’s a clear look at STEP and TPG, comparing key factors like historical performance, profitability, financial strength, growth, dividend, and valuation.

Company Profile

Symbol	STEP	TPG
Company Name	StepStone Group Inc.	TPG Inc.
Country	United States	United States
GICS Sector	Financials	Financials
GICS Industry	Capital Markets	Capital Markets
Market Capitalization	7.66 billion USD	21.81 billion USD
Exchange	NasdaqGS	NasdaqGS
Listing Date	September 16, 2020	January 13, 2022
Security Type	Common Stock	Common Stock

Historical Performance

This chart compares the performance of STEP and TPG by tracking the growth of an initial $10,000 investment in each. Use the tabs to select the desired time period. Data is adjusted for dividends and splits.

STEP vs. TPG: Growth of a $10,000 investment over the past one year.

Historical Performance at a Glance

Symbol	STEP	TPG
5-Day Price Return	1.55%	5.08%
13-Week Price Return	2.65%	-8.84%
26-Week Price Return	6.48%	9.50%
52-Week Price Return	-1.61%	-12.20%
Month-to-Date Return	3.63%	5.14%
Year-to-Date Return	9.00%	-7.91%
10-Day Avg. Volume	0.80M	2.56M
3-Month Avg. Volume	0.64M	1.82M
3-Month Volatility	38.42%	31.03%
Beta	1.34	1.51

Profitability

Return on Equity (TTM)

STEP

-98.37%

Capital Markets Industry

Max: 41.61%
Q3: 22.56%
Median: 13.62%
Q1: 9.23%
Min: -4.25%

STEP has a negative Return on Equity of -98.37%. This indicates the company is generating a loss for its shareholders, which can be a result of unprofitability or negative shareholder equity and is often a sign of financial distress.

TPG

12.87%

Capital Markets Industry

Max: 41.61%
Q3: 22.56%
Median: 13.62%
Q1: 9.23%
Min: -4.25%

TPG’s Return on Equity of 12.87% is on par with the norm for the Capital Markets industry, indicating its profitability relative to shareholder equity is typical for the sector.

STEP vs. TPG: A comparison of their Return on Equity (TTM) against the Capital Markets industry benchmark.

Net Profit Margin (TTM)

STEP

-39.84%

Capital Markets Industry

Max: 69.91%
Q3: 36.88%
Median: 24.30%
Q1: 13.14%
Min: -6.20%

STEP has a negative Net Profit Margin of -39.84%, indicating the company is operating at a net loss as its expenses exceeded its revenues.

TPG

2.83%

Capital Markets Industry

Max: 69.91%
Q3: 36.88%
Median: 24.30%
Q1: 13.14%
Min: -6.20%

Falling into the lower quartile for the Capital Markets industry, TPG’s Net Profit Margin of 2.83% indicates weaker profitability. This means the company retains a smaller portion of each dollar in sales as profit compared to its competitors.

STEP vs. TPG: A comparison of their Net Profit Margin (TTM) against the Capital Markets industry benchmark.

Operating Profit Margin (TTM)

STEP

-73.72%

Capital Markets Industry

Max: 83.68%
Q3: 47.64%
Median: 32.36%
Q1: 19.28%
Min: 0.30%

STEP has a negative Operating Profit Margin of -73.72%. This signifies the company is unprofitable at the operational level, as its core business expenses exceed its revenue.

TPG

6.73%

Capital Markets Industry

Max: 83.68%
Q3: 47.64%
Median: 32.36%
Q1: 19.28%
Min: 0.30%

TPG’s Operating Profit Margin of 6.73% is in the lower quartile for the Capital Markets industry. This indicates weaker profitability from core operations, which may stem from inefficiencies or competitive pressures on pricing.

STEP vs. TPG: A comparison of their Operating Profit Margin (TTM) against the Capital Markets industry benchmark.

Profitability at a Glance

Symbol	STEP	TPG
Return on Equity (TTM)	-98.37%	12.87%
Return on Assets (TTM)	-12.91%	1.03%
Net Profit Margin (TTM)	-39.84%	2.83%
Operating Profit Margin (TTM)	-73.72%	6.73%
Gross Profit Margin (TTM)	79.38%	--

Financial Strength

Current Ratio (MRQ)

STEP

0.79

Capital Markets Industry

Max: 3.43
Q3: 1.76
Median: 1.00
Q1: 0.60
Min: 0.04

For the Capital Markets industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

TPG

0.21

Capital Markets Industry

Max: 3.43
Q3: 1.76
Median: 1.00
Q1: 0.60
Min: 0.04

For the Capital Markets industry, the Current Ratio is often not the most suitable measure of short-term liquidity.

STEP vs. TPG: A comparison of their Current Ratio (MRQ) against the Capital Markets industry benchmark.

Debt-to-Equity Ratio (MRQ)

STEP

1.75

Capital Markets Industry

Max: 6.12
Q3: 2.78
Median: 0.96
Q1: 0.31
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Capital Markets industry.

TPG

1.57

Capital Markets Industry

Max: 6.12
Q3: 2.78
Median: 0.96
Q1: 0.31
Min: 0.00

The Debt-to-Equity Ratio is often not the primary focus for assessing leverage in the Capital Markets industry.

STEP vs. TPG: A comparison of their Debt-to-Equity Ratio (MRQ) against the Capital Markets industry benchmark.

Interest Coverage Ratio (TTM)

STEP

0.08

Capital Markets Industry

Max: 107.59
Q3: 50.42
Median: 10.94
Q1: 4.37
Min: -36.26

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Capital Markets industry.

TPG

6.40

Capital Markets Industry

Max: 107.59
Q3: 50.42
Median: 10.94
Q1: 4.37
Min: -36.26

The Interest Coverage Ratio is often not a primary indicator of debt servicing capacity in the Capital Markets industry.

STEP vs. TPG: A comparison of their Interest Coverage Ratio (TTM) against the Capital Markets industry benchmark.

Financial Strength at a Glance

Symbol	STEP	TPG
Current Ratio (MRQ)	0.79	0.21
Quick Ratio (MRQ)	0.79	0.21
Debt-to-Equity Ratio (MRQ)	1.75	1.57
Interest Coverage Ratio (TTM)	0.08	6.40

Growth

Revenue Growth

STEP vs. TPG: A side-by-side comparison of their Revenue Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

EPS Growth

STEP vs. TPG: A side-by-side comparison of their EPS Growth for the MRQ (YoY), TTM (YoY), 3-Year CAGR, and 5-Year CAGR periods.

Dividend

Dividend Yield (TTM)

STEP

1.51%

Capital Markets Industry

Max: 8.63%
Q3: 4.88%
Median: 2.72%
Q1: 1.41%
Min: 0.00%

STEP’s Dividend Yield of 1.51% is consistent with its peers in the Capital Markets industry, providing a dividend return that is standard for its sector.

TPG

5.67%

Capital Markets Industry

Max: 8.63%
Q3: 4.88%
Median: 2.72%
Q1: 1.41%
Min: 0.00%

With a Dividend Yield of 5.67%, TPG offers a more attractive income stream than most of its peers in the Capital Markets industry, signaling a strong commitment to shareholder returns.

STEP vs. TPG: A comparison of their Dividend Yield (TTM) against the Capital Markets industry benchmark.

Dividend Payout Ratio (TTM)

STEP

86.75%

Capital Markets Industry

Max: 188.84%
Q3: 96.52%
Median: 61.58%
Q1: 31.74%
Min: 0.00%

STEP’s Dividend Payout Ratio of 86.75% is within the typical range for the Capital Markets industry, suggesting a balanced approach between shareholder payouts and company reinvestment.

TPG

982.70%

Capital Markets Industry

Max: 188.84%
Q3: 96.52%
Median: 61.58%
Q1: 31.74%
Min: 0.00%

At 982.70%, TPG’s Dividend Payout Ratio is exceptionally high, exceeding the typical range for the Capital Markets industry. While this provides a significant return to shareholders, it may limit funds for reinvestment and could be difficult to sustain.

STEP vs. TPG: A comparison of their Dividend Payout Ratio (TTM) against the Capital Markets industry benchmark.

Dividend at a Glance

Symbol	STEP	TPG
Dividend Yield (TTM)	1.51%	5.67%
Dividend Payout Ratio (TTM)	86.75%	982.70%

Valuation

Price-to-Earnings Ratio (TTM)

STEP

Capital Markets Industry

Max: 47.53
Q3: 28.81
Median: 16.62
Q1: 12.06
Min: 5.71

P/E Ratio data for STEP is currently unavailable.

TPG

173.26

Capital Markets Industry

Max: 47.53
Q3: 28.81
Median: 16.62
Q1: 12.06
Min: 5.71

At 173.26, TPG’s P/E Ratio is exceptionally high, exceeding the typical maximum for the Capital Markets industry. This suggests the stock may be significantly overvalued compared to its peers and implies high market expectations that could be difficult to meet.

STEP vs. TPG: A comparison of their Price-to-Earnings Ratio (TTM) against the Capital Markets industry benchmark.

Price-to-Sales Ratio (TTM)

STEP

4.63

Capital Markets Industry

Max: 13.23
Q3: 6.65
Median: 4.40
Q1: 2.22
Min: 0.03

STEP’s P/S Ratio of 4.63 aligns with the market consensus for the Capital Markets industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

TPG

4.91

Capital Markets Industry

Max: 13.23
Q3: 6.65
Median: 4.40
Q1: 2.22
Min: 0.03

TPG’s P/S Ratio of 4.91 aligns with the market consensus for the Capital Markets industry. This suggests its valuation, based on sales, is seen as standard and is on par with its competitors.

STEP vs. TPG: A comparison of their Price-to-Sales Ratio (TTM) against the Capital Markets industry benchmark.

Price-to-Book Ratio (MRQ)

STEP

41.97

Capital Markets Industry

Max: 10.83
Q3: 5.27
Median: 2.66
Q1: 1.34
Min: 0.37

At 41.97, STEP’s P/B Ratio is at an extreme premium to the Capital Markets industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

TPG

18.98

Capital Markets Industry

Max: 10.83
Q3: 5.27
Median: 2.66
Q1: 1.34
Min: 0.37

At 18.98, TPG’s P/B Ratio is at an extreme premium to the Capital Markets industry. This signifies that the market’s valuation is heavily reliant on future potential rather than its current net asset value, which can be a high-risk proposition.

STEP vs. TPG: A comparison of their Price-to-Book Ratio (MRQ) against the Capital Markets industry benchmark.

Valuation at a Glance

Symbol	STEP	TPG
Price-to-Earnings Ratio (TTM)	--	173.26
Price-to-Sales Ratio (TTM)	4.63	4.91
Price-to-Book Ratio (MRQ)	41.97	18.98
Price-to-Free Cash Flow Ratio (TTM)	81.10	19.75