Federated Hermes (FHI) vs StepStone Group (STEP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 7, 2026.
Summary
Federated Hermes (FHI) has outperformed StepStone Group (STEP) over the past year, gaining 5.5% versus a loss of 31.7%. Over five years, FHI leads with a +69.1% price change compared with +2.6% for STEP. StepStone Group is the larger company by market cap ($5.70 billion vs $4.17 billion), about 1.4 times the size.
On valuation, Federated Hermes trades at a lower forward P/E (9.6x vs 13.0x for StepStone Group). StepStone Group offers the higher dividend yield (2.54% vs 2.51%). Federated Hermes converts more of its revenue into profit, with a net margin of 22.4% versus -26.9%.
Summary generated from market data by MetaCap's automated system. Methodology
Relative performance
Percent change in share price from the first common trading day shown; excludes dividends.
Head-to-head
| Metric | FHI | STEP |
|---|---|---|
| Share price | $55.85 | $44.18 |
| Market cap | $4.17B | $5.70B |
| 1-day change | -1.26% | -2.17% |
| YTD return | +7.26% | -31.15% |
| 1-year return | +5.52% | -31.65% |
| 5-year return | +69.14% | +2.62% |
| P/E ratio (TTM) | 10.40 | — |
| Forward P/E | 9.58 | 12.96 |
| EPS (TTM) | $5.37 | $-7.68 |
| Dividend yield | 2.51% | 2.54% |
| Annual dividend | $1.40 | $1.12 |
| Revenue (latest FY) | $1.80B | $1.99B |
| Revenue growth (YoY) | +10.33% | +69.69% |
| Net income (latest FY) | $403.30M | $-535.81M |
| Operating margin | 28.54% | — |
| Net margin | 22.40% | -26.88% |
| 52-week high | $67.20 | $77.80 |
| 52-week low | $46.66 | $38.85 |
| Distance from 52-week high | -16.89% | -43.21% |
| Analyst consensus | none | strong_buy |
| Avg. price target upside | +9.22% | +53.01% |
| Average volume | 598.32K | 1.19M |
| Shares outstanding | 74.65M | 82.29M |
| Employees | 2,091 | 1,355 |
| Sector | Finance | Finance |
| Industry | Investment Managers | Investment Managers |
Highlighted cells mark the higher value for growth, returns, margins and yield, and the lower value for P/E ratios. Highlighting is a mechanical comparison, not a recommendation.
Key differences
- FHI has outperformed STEP by 37.2 percentage points over the past year.
- Federated Hermes is more profitable, keeping 22.4 cents of every revenue dollar as net income versus -26.9 cents for StepStone Group.
- StepStone Group grew revenue faster in its latest fiscal year (+69.69% vs +10.33%).
About Federated Hermes
FHI stock →Federated Hermes, Inc. is a publicly owned investment manager.
Finance · Investment Managers · 2,091 employees
About StepStone Group
STEP stock →StepStone Group Inc. is a private equity and venture capital firm specializing in primary, direct, fund of funds, secondary direct, and secondary indirect investments.
Finance · Investment Managers · 1,355 employees
FHI vs STEP FAQ
Which is bigger, Federated Hermes or StepStone Group?
StepStone Group (STEP) is larger, with a market capitalization of $5.70B compared with $4.17B for Federated Hermes (FHI).
Which stock has performed better over the past year, FHI or STEP?
FHI returned +5.52% over the past 12 months, compared with -31.65% for STEP (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Federated Hermes or StepStone Group?
StepStone Group has the higher yield at 2.54%, compared with 2.51% for Federated Hermes.
Are Federated Hermes and StepStone Group in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.