StepStone Group (STEP) vs Victory Capital (VCTR)
Head-to-head comparison of performance, valuation, growth, profitability and dividends. Prices delayed 15 minutes; data as of Oct 8, 2026.
Summary
Victory Capital (VCTR) has outperformed StepStone Group (STEP) over the past year, gaining 68.3% versus a loss of 31.7%. Over five years, VCTR leads with a +203.4% price change compared with +2.6% for STEP. Victory Capital is the larger company by market cap ($6.88 billion vs $5.70 billion), about 1.2 times the size, while StepStone Group is growing revenue faster (+69.7% vs +46.2%).
On valuation, StepStone Group trades at a lower forward P/E (13.0x vs 13.0x for Victory Capital). StepStone Group offers the higher dividend yield (2.54% vs 1.76%). Victory Capital converts more of its revenue into profit, with a net margin of 25.3% 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 | STEP | VCTR |
|---|---|---|
| Share price | $44.18 | $111.85 |
| Market cap | $5.70B | $6.88B |
| 1-day change | -2.17% | -1.76% |
| YTD return | -31.15% | +77.29% |
| 1-year return | -31.65% | +68.30% |
| 5-year return | +2.62% | +203.36% |
| P/E ratio (TTM) | — | 20.83 |
| Forward P/E | 12.96 | 13.05 |
| EPS (TTM) | $-7.52 | $5.37 |
| Dividend yield | 2.54% | 1.76% |
| Annual dividend | $1.12 | $1.97 |
| Revenue (latest FY) | $1.99B | $1.31B |
| Revenue growth (YoY) | +69.69% | +46.19% |
| Net income (latest FY) | $-535.81M | $330.06M |
| Operating margin | — | 36.63% |
| Net margin | -26.88% | 25.27% |
| 52-week high | $77.80 | $123.55 |
| 52-week low | $38.85 | $57.03 |
| Distance from 52-week high | -43.21% | -9.47% |
| Analyst consensus | strong_buy | hold |
| Avg. price target upside | +53.01% | +6.10% |
| Average volume | 1.19M | 633.13K |
| Shares outstanding | 82.29M | 61.51M |
| Employees | 1,355 | 699 |
| 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
- VCTR has outperformed STEP by 99.9 percentage points over the past year.
- Victory Capital is more profitable, keeping 25.3 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 +46.19%).
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
About Victory Capital
VCTR stock →Victory Capital Holdings, Inc., together with its subsidiaries, operates as an asset management company in the United States and internationally. It offers specialized investment strategies to institutions, intermediaries, retirement platforms, and individual investors.
Finance · Investment Managers · 699 employees
STEP vs VCTR FAQ
Which is bigger, StepStone Group or Victory Capital?
Victory Capital (VCTR) is larger, with a market capitalization of $6.88B compared with $5.70B for StepStone Group (STEP).
Which stock has performed better over the past year, STEP or VCTR?
VCTR returned +68.30% 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, StepStone Group or Victory Capital?
StepStone Group has the higher yield at 2.54%, compared with 1.76% for Victory Capital.
Are StepStone Group and Victory Capital in the same industry?
Yes. Both are classified in the Investment Managers industry within the Finance sector.