Federated Hermes vs Stepstone Group
Federated Hermes and Stepstone Group are similar in size: $1.80bn and $1.99bn of revenue in their latest fiscal years. Stepstone Group grew faster (69.7% against 10.3%). Federated Hermes kept more of each dollar of sales as profit: a net margin of 22.4% against -26.9%.
| Latest fiscal year | Federated HermesFHI, 2025 | Stepstone GroupSTEP, 2026 |
|---|---|---|
| Revenue | $1.80bn | $1.99bn |
| Revenue growth | 10.3% | 69.7% |
| Net income | $403m | −$536m |
| Operating margin | 28.5% | — |
| Net margin | 22.4% | -26.9% |
| Return on equity | 35.2% | — |
| Free cash flow | $295m | $63.9m |
| Cash | $583m | $1.12bn |
| Total debt | $348m | $275m |
| Debt to equity | 29.1% | — |
| Dividend per share | $1.33 | $1.48 |
| Dividend yield | 2.5% | 3.7% |
| Share buybacks | $263m | $8.7m |
| Employees | 2,091 | 1,310 |
| Market value | $4.44bn | $3.68bn |
| Price vs our value range | — | — |
| Moat score | 94 (Strong) | — |
| Insider trades, 12 months | 0 buys, 32 sales | 5 buys, 21 sales |