WallStSmart

Blackstone Group Inc (BX)vsStepstone Group Inc (STEP)

VS

Smart Verdict

WallStSmart Research — data-driven comparison

Blackstone Group Inc generates 622% more annual revenue ($14.40B vs $1.99B). BX leads profitability with a 21.2% profit margin vs -26.9%. BX earns a higher WallStSmart Score of 61/100 (C+).

BX

Buy

61

out of 100

Grade: C+

Growth: 6.7Profit: 9.0Value: 5.0Quality: 3.5
Piotroski: 3/9Altman Z: 1.29

STEP

Avoid

33

out of 100

Grade: F

Growth: 5.7Profit: 2.0Value: 5.0Quality: 5.5
Piotroski: 4/9Altman Z: -0.05

Key Strengths & Concerns

Side-by-side fundamental analysis

Key Strengths

BX4 strengths · Avg: 9.5/10
Return on EquityProfitability
36.5%10/10

Every $100 of equity generates 36 in profit

Operating MarginProfitability
38.0%10/10

Strong operational efficiency at 38.0%

Market CapQuality
$140.45B9/10

Large-cap with strong market position

Profit MarginProfitability
21.2%9/10

Keeps 21 of every $100 in revenue as profit

STEP2 strengths · Avg: 10.0/10
Revenue GrowthGrowth
55.8%10/10

Revenue surging 55.8% year-over-year

Debt/EquityHealth
-3.1610/10

Conservative balance sheet, low leverage

Areas to Watch

BX4 concerns · Avg: 4.0/10
PEG RatioValuation
1.964/10

Expensive relative to growth rate

P/E RatioValuation
29.5x4/10

Moderate valuation

Price/BookValuation
11.1x4/10

Trading at 11.1x book value

EPS GrowthGrowth
3.9%4/10

3.9% earnings growth

STEP4 concerns · Avg: 2.0/10
Return on EquityProfitability
-55.9%2/10

ROE of -55.9% — below average capital efficiency

EPS GrowthGrowth
-38.5%2/10

Earnings declined 38.5%

Free Cash FlowQuality
$-23.96M2/10

Negative free cash flow — burning cash

Altman Z-ScoreHealth
-0.052/10

Distress zone — elevated risk

Comparative Analysis Report

WallStSmart Research

Bull Case : BX

The strongest argument for BX centers on Return on Equity, Operating Margin, Market Cap. Profitability is solid with margins at 21.2% and operating margin at 38.0%.

Bull Case : STEP

The strongest argument for STEP centers on Revenue Growth, Debt/Equity. Revenue growth of 55.8% demonstrates continued momentum.

Bear Case : BX

The primary concerns for BX are PEG Ratio, P/E Ratio, Price/Book. Debt-to-equity of 1.69 is elevated, increasing financial risk.

Bear Case : STEP

The primary concerns for STEP are Return on Equity, EPS Growth, Free Cash Flow.

Key Dynamics to Monitor

BX profiles as a mature stock while STEP is a hypergrowth play — different risk/reward profiles.

BX carries more volatility with a beta of 1.63 — expect wider price swings.

STEP is growing revenue faster at 55.8% — sustainability is the question.

BX generates stronger free cash flow (958M), providing more financial flexibility.

Bottom Line

BX scores higher overall (61/100 vs 33/100), backed by strong 21.2% margins. Both earn "Buy" and "Avoid" ratings respectively — the choice depends on your investment horizon and risk tolerance.

This analysis is generated from publicly available financial data. Not financial advice.

Blackstone Group Inc

FINANCIAL SERVICES · ASSET MANAGEMENT · USA

Blackstone Group Inc. is an alternative asset management company specializing in real estate, private equity, hedge fund solutions, credit, secondary funds of funds, public debt and equity strategies and multiple asset classes. The company is headquartered in New York, New York with additional offices across Asia, Europe and North America.

Stepstone Group Inc

FINANCIAL SERVICES · ASSET MANAGEMENT · USA

Stepstone Group Inc. (STEP) is a leading global private markets investment firm, renowned for its tailored investment solutions catering to institutional investors. The firm specializes in private equity, real estate, infrastructure, and private debt, utilizing an extensive network and deep industry insights to uncover premium investment opportunities. With a commitment to optimizing client portfolios through strategic asset allocation and rigorous due diligence, Stepstone is supported by a team of experienced professionals and innovative technology, positioning itself to effectively navigate the complexities of private markets and generate sustainable long-term value for its clients.

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