Janus Henderson [JHG] vs StepStone [STEP] Detailed Stock Comparison

TLDR: Quick Comparison Summary

Based on 21 vital metrics comparison: Janus Henderson Group plc wins in 18 metrics, StepStone Group Inc. wins in 2 metrics, with 0 ties. Janus Henderson Group plc appears stronger overall.

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Vital Metrics Comparison

Metric Janus Henderson Group plc StepStone Group Inc. Better
P/E Ratio (TTM) 9.85 106.60 Janus Henderson Group plc
Price-to-Book Ratio 1.55 8.40 Janus Henderson Group plc
Debt-to-Equity Ratio 8.25 72.53 Janus Henderson Group plc
PEG Ratio 0.04 -2.62 Janus Henderson Group plc
EV/EBITDA 6.50 -5.54 Janus Henderson Group plc
Profit Margin (TTM) 26.34% -30.66% Janus Henderson Group plc
Operating Margin (TTM) 42.67% -37.71% Janus Henderson Group plc
EBITDA Margin (TTM) 42.67% N/A N/A
Return on Equity 16.20% -65.12% Janus Henderson Group plc
Return on Assets (TTM) 8.06% -13.15% Janus Henderson Group plc
Free Cash Flow (TTM) $710.90M $59.83M Janus Henderson Group plc
Dividend Yield 3.58% 2.77% Janus Henderson Group plc
1-Year Return 43.40% -17.58% Janus Henderson Group plc
Price-to-Sales Ratio (TTM) 2.56 3.88 Janus Henderson Group plc
Enterprise Value $6.63B $5.33B Janus Henderson Group plc
EV/Revenue Ratio 2.14 2.99 Janus Henderson Group plc
Gross Profit Margin (TTM) 71.53% 50.84% Janus Henderson Group plc
Revenue per Share (TTM) $20 $23 StepStone Group Inc.
Earnings per Share (Diluted) $5.23 $-6.92 Janus Henderson Group plc
Beta (Stock Volatility) 1.48 1.31 StepStone Group Inc.
Short % of Float 4.35% 5.95% Janus Henderson Group plc

Janus Henderson Group plc vs StepStone Group Inc. Stock Performance Analysis

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Performance Comparison

Short-term Returns

Stock1D1W1M3M6MYTD
Janus Henderson Group plc0.00%0.04%0.23%2.73%14.36%8.50%
StepStone Group Inc.5.99%8.76%-12.12%4.79%-25.84%-29.36%

Long-term Returns

Stock1Y3Y5Y10Y15Y20Y
Janus Henderson Group plc43.40%84.75%39.96%55.72%55.72%55.72%
StepStone Group Inc.-17.58%78.85%29.91%77.56%77.56%77.56%

Performance & Financial Health Analysis: Janus Henderson Group plc vs StepStone Group Inc.

MetricJHGSTEP
Market Information
Market Cap i$7.94B$6.86B
Market Cap CategoryMid capMid cap
10 Day Avg. Volume i1,571,233991,776
90 Day Avg. Volume i3,498,5011,041,302
Last Close$51.84$47.05
52 Week Range$35.76 - $53.76$40.58 - $77.79
% from 52W High-3.57%-39.52%
All-Time High$53.79 (Feb 26, 2026)$77.79 (Jan 16, 2026)
% from All-Time High-3.63%-39.52%
Growth Metrics
Quarterly Revenue Growth0.61%0.73%
Quarterly Earnings Growth2.31%0.73%
Financial Health
Profit Margin (TTM) i0.26%-0.31%
Operating Margin (TTM) i0.43%-0.38%
Return on Equity (TTM) i0.16%-0.65%
Debt to Equity (MRQ) i8.2572.53
Cash & Liquidity
Book Value per Share (MRQ)$33.17$-4.73
Cash per Share (MRQ)$18.36$4.71
Operating Cash Flow (TTM) i$719.50M$23.16M
Levered Free Cash Flow (TTM) i$465.55M$2.40B
Dividends
Last 12-Month Dividend Yield i3.58%2.77%
Last 12-Month Dividend i$1.59$1.72

Valuation & Enterprise Metrics Analysis: Janus Henderson Group plc vs StepStone Group Inc.

MetricJHG (Apr 24, 2026)STEP (Apr 24, 2026)
Price Ratios
P/E Ratio (TTM) i9.85106.60
Forward P/E i10.9122.08
PEG Ratio i0.04-2.62
Price to Sales (TTM) i2.563.88
Price to Book (MRQ) i1.558.40
Market Capitalization
Market Capitalization i$7.94B$6.86B
Enterprise Value i$6.63B$5.33B
Enterprise Value Metrics
Enterprise to Revenue i2.142.99
Enterprise to EBITDA i6.50-5.54
Risk & Other Metrics
Beta i1.481.31
Book Value per Share (MRQ) i$33.17$-4.73

Financial Statements Comparison: Janus Henderson Group plc vs StepStone Group Inc.

Financial Metrics

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Revenue

Operating Margin

Profit Margin

Long Term Debt

Income Flow Analysis

Financial Statements Comparison

Income Statement

MetricJHG (2025)STEP (2025)
Revenue/Sales i3.10B1.17B
Cost of Goods Sold i940.90M595.17M
COGS % of Revenue i30.4%50.7%
Gross Profit i2.16B579.66M
Gross Margin i69.6%49.3%
Research & Development iN/AN/A
Operating Income (EBIT) i984.90M-266.82M
Operating Margin i31.8%-22.7%
EBITDA i1.07B-243.13M
EBITDA Margin i34.5%-20.7%
Pre-Tax Income i1.15B-222.04M
Pre-Tax Income % of Revenue i37.2%-18.9%
Income Tax i245.70M-49.21M
Income Tax % of Revenue i7.9%-4.2%
Net Income (Profit) i907.60M-172.83M
Profit Margin i29.3%-14.7%

Balance Sheet & Liquidity Metrics

MetricJHG (2025)STEP (2025)
Cash & Equivalents i1.29B289.30M
Total Current Assets i3.81B1.96B
Total Current Assets % of Revenue i123.1%166.8%
Total Current Liabilities i912.50M1.94B
Total Current Liabilities % of Revenue i29.5%165.5%
Long-Term Debt i490.20M113.52M
Long-Term Debt % of Revenue i15.8%9.7%
Total Shareholders Equity i6.12B1.77B
Retained Earnings i1.50B-242.55M
Retained Earnings % of Revenue i48.4%-20.6%
Property, Plant & Equipment i091.84M

Cash Flow Statement Comparison

MetricJHG (2025)STEP (2025)
Operating Cash Flow i699.40M112.38M
Operating Cash Flow % of Revenue i22.6%9.6%
Capital Expenditures i-8.60M-5.10M
Free Cash Flow i710.90M59.83M
FCF Margin i23.0%5.1%
Debt Repayment i0-182.91M
Common Stock Repurchase iN/AN/A

Short Interest & Institutional Ownership Analysis

MetricJHGSTEP
Shares Short i3.19M4.14M
Short Ratio i0.733.28
Short % of Float i4.35%5.95%
Shares Outstanding i154.08M80.14M
Float Shares i121.50M71.24M
% Held by Insiders i0.35%5.59%
% Held by Institutions i92.40%101.71%
% Held by Public i7.25%-7.30%

Dividend Analysis & Yield Comparison: Janus Henderson Group plc vs StepStone Group Inc.

MetricJHGSTEP
Last 12-Month Dividend i$1.59$1.72
Last 12-Month Dividend Yield i3.58%2.77%
3-Year Avg Annual Dividend i$1.57$1.28
3-Year Avg Dividend Yield i1.16%0.72%
3-Year Total Dividends i$4.71$3.84
Ex-Dividend DateNov 10, 2025Feb 27, 2026