Hamilton Lane (HLNE) vs StepStone Group (STEP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 9, 2026.
Summary
Hamilton Lane (HLNE) has outperformed StepStone Group (STEP) over the past year, losing 28.5% versus a loss of 30.3%. Over five years, STEP leads with a +2.6% price change compared with -6.1% for HLNE. Hamilton Lane is the larger company by market cap ($5.74 billion vs $5.67 billion), about 1.0 times the size, while StepStone Group is growing revenue faster (+69.7% vs +6.5%).
On valuation, Hamilton Lane trades at a lower forward P/E (11.6x vs 12.9x for StepStone Group). Hamilton Lane offers the higher dividend yield (2.59% vs 2.55%). Hamilton Lane converts more of its revenue into profit, with a net margin of 32.8% 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 | HLNE | STEP |
|---|---|---|
| Share price | $85.66 | $43.91 |
| Market cap | $5.74B | $5.67B |
| 1-day change | +0.54% | -0.61% |
| YTD return | -36.22% | -31.57% |
| 1-year return | -28.50% | -30.27% |
| 5-year return | -6.06% | +2.62% |
| P/E ratio (TTM) | 12.98 | — |
| Forward P/E | 11.63 | 12.88 |
| EPS (TTM) | $6.60 | $-7.63 |
| Dividend yield | 2.59% | 2.55% |
| Annual dividend | $2.22 | $1.12 |
| Revenue (latest FY) | $758.99M | $1.99B |
| Revenue growth (YoY) | +6.46% | +69.69% |
| Net income (latest FY) | $249.18M | $-535.81M |
| Net margin | 32.83% | -26.88% |
| 52-week high | $155.66 | $77.80 |
| 52-week low | $71.88 | $38.85 |
| Distance from 52-week high | -44.97% | -43.56% |
| Analyst consensus | strong_buy | strong_buy |
| Avg. price target upside | +51.04% | +53.95% |
| Average volume | 662.06K | 1.19M |
| Shares outstanding | 43.35M | 82.29M |
| Employees | 800 | 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
- Hamilton Lane is more profitable, keeping 32.8 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 +6.46%).
About Hamilton Lane
HLNE stock →Hamilton Lane Incorporated is a private equity and venture capital firm specializing in early venture, emerging growth, turnaround, middle market, mature, mid-venture, bridge, buyout, distressed/vulture, loan, mezzanine in growth capital companies. The firm manages alternative investment strategies like direct credit, direct, fund of fund, evergreen and real assets.
Finance · Investment Managers · 800 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
HLNE vs STEP FAQ
Which is bigger, Hamilton Lane or StepStone Group?
Hamilton Lane (HLNE) is larger, with a market capitalization of $5.74B compared with $5.67B for StepStone Group (STEP).
Which stock has performed better over the past year, HLNE or STEP?
HLNE returned -28.50% over the past 12 months, compared with -30.27% for STEP (price return, excluding dividends). Past performance does not predict future results.
Which pays a higher dividend, Hamilton Lane or StepStone Group?
Hamilton Lane has the higher yield at 2.59%, compared with 2.55% for StepStone Group.
Are Hamilton Lane and StepStone Group in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.