SEI Investments vs Stepstone Group
SEI Investments is the larger business, with $2.30bn of revenue in fiscal 2025 against $1.99bn for Stepstone Group (1.2 times as much). Stepstone Group grew faster (69.7% against 8.1%). SEI Investments kept more of each dollar of sales as profit: a net margin of 31.1% against -26.9%.
| Latest fiscal year | SEI InvestmentsSEIC, 2025 | Stepstone GroupSTEP, 2026 |
|---|---|---|
| Revenue | $2.30bn | $1.99bn |
| Revenue growth | 8.1% | 69.7% |
| Net income | $715m | −$536m |
| Operating margin | 27.3% | — |
| Net margin | 31.1% | -26.9% |
| Return on equity | 30.4% | — |
| Free cash flow | $585m | $63.9m |
| Cash | $400m | $1.12bn |
| Total debt | $0 | $275m |
| Debt to equity | 0.0% | — |
| Dividend per share | $1.01 | $1.48 |
| Dividend yield | 1.0% | 3.7% |
| Share buybacks | $628m | $8.7m |
| Employees | — | 1,310 |
| Market value | $12.59bn | $3.68bn |
| Price vs our value range | — | — |
| Moat score | 93 (Strong) | — |
| Insider trades, 12 months | 0 buys, 40 sales | 5 buys, 21 sales |