Morningstar (MORN) vs StepStone Group (STEP)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Morningstar (MORN) has outperformed StepStone Group (STEP) over the past year, losing 11.3% versus a loss of 31.7%. Over five years, STEP leads with a +2.6% price change compared with -26.9% for MORN. Morningstar is the larger company by market cap ($7.53 billion vs $5.70 billion), about 1.3 times the size, while StepStone Group is growing revenue faster (+69.7% vs +7.5%).
On valuation, StepStone Group trades at a lower forward P/E (13.0x vs 14.3x for Morningstar). StepStone Group offers the higher dividend yield (2.54% vs 0.97%). Morningstar converts more of its revenue into profit, with a net margin of 15.3% 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 | MORN | STEP |
|---|---|---|
| Share price | $200.65 | $44.18 |
| Market cap | $7.53B | $5.70B |
| 1-day change | +2.53% | -2.17% |
| YTD return | -7.67% | -31.15% |
| 1-year return | -11.31% | -31.65% |
| 5-year return | -26.88% | +2.62% |
| P/E ratio (TTM) | 18.61 | — |
| Forward P/E | 14.33 | 12.96 |
| EPS (TTM) | $10.78 | $-7.52 |
| Dividend yield | 0.97% | 2.54% |
| Annual dividend | $1.96 | $1.12 |
| Revenue (latest FY) | $2.45B | $1.99B |
| Revenue growth (YoY) | +7.49% | +69.69% |
| Net income (latest FY) | $374.20M | $-535.81M |
| Gross margin | 61.03% | — |
| Operating margin | 21.53% | — |
| Net margin | 15.30% | -26.88% |
| 52-week high | $228.95 | $77.80 |
| 52-week low | $141.49 | $38.85 |
| Distance from 52-week high | -12.36% | -43.21% |
| Analyst consensus | buy | strong_buy |
| Avg. price target upside | +17.95% | +53.01% |
| Average volume | 334.86K | 1.19M |
| Shares outstanding | 37.51M | 82.29M |
| Employees | 10,973 | 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
- MORN has outperformed STEP by 20.3 percentage points over the past year.
- StepStone Group offers a meaningfully higher dividend yield (2.54% vs 0.97%).
- Morningstar is more profitable, keeping 15.3 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 +7.49%).
About Morningstar
MORN stock →Morningstar, Inc. provides independent investment insights for investors in the United States, Asia, Australia, Canada, Continental Europe, the United Kingdom, and internationally.
Finance · Investment Managers · 10,973 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
MORN vs STEP FAQ
Which is bigger, Morningstar or StepStone Group?
Morningstar (MORN) is larger, with a market capitalization of $7.53B compared with $5.70B for StepStone Group (STEP).
Which stock has performed better over the past year, MORN or STEP?
MORN returned -11.31% 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, Morningstar or StepStone Group?
StepStone Group has the higher yield at 2.54%, compared with 0.97% for Morningstar.
Are Morningstar and StepStone Group in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.