StepStone (STEP) EV to CFO (2020 - 2025)
StepStone's (STEP) quarterly EV to CFO came in at 306.66 in Q4 2025, up 24.84% on a YoY basis from 245.64 in Q4 2024, and down 39.0% quarter-over-quarter from 502.76 in Q3 2025.
Analysis
StepStone (STEP) EV to CFO (2020 - 2025) Analysis & Trends
StepStone (STEP) has reported EV to CFO for 6 consecutive years, with 306.66 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, EV to CFO rose 24.84% year-over-year to 306.66; the trailing twelve-month figure through Dec 2025 stood at 359.63 (up 638.16% YoY), and the FY2025 full-year result was 95.7, up 287.1% from the prior year.
- EV to CFO retreated to 306.66 in Q4 2025 per STEP's latest filing, from 502.76 in the prior quarter.
- Across five years, EV to CFO topped out at 523.42 in Q1 2024 and bottomed at 5105.81 in Q1 2023.
- Historically, EV to CFO has averaged 99.41 across 5 years, with a median of 111.69 in 2021.
- The sharpest annual moves came in 2023 and 2025: EV to CFO plunged 4732.25% in 2023, then surged 310.82% in 2025.
- Over 5 years, EV to CFO stood at 113.16 in 2021, then surged by 298.32% to 450.74 in 2022, then slumped by 69.05% to 139.5 in 2023, then surged by 76.08% to 245.64 in 2024, then grew by 24.84% to 306.66 in 2025.
- According to Business Quant data, EV to CFO over the past three periods registered 306.66, 502.76, and 147.37 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | Blackstone | 101.10 Bn | 98.59 Bn | - |
| 2 | Kkr | 90.28 Bn | -186.79 Bn | - |
| 3 | Apollo Global Management | 76.79 Bn | 51.42 Bn | 10.54 Bn |
| 4 | Brookfield Asset Management | 75.78 Bn | 74.28 Bn | - |
| 5 | Wheaton Precious Metals | 69.07 Bn | 68.97 Bn | 687.86 Mn |
| 6 | Franco Nevada | 50.41 Bn | 48.86 Bn | 451.00 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn |
| 8 | Ares Management | 29.86 Bn | 29.86 Bn | - |
| 9 | Carlyle | 15.50 Bn | 14.24 Bn | - |
| 10 | StepStone | 3.96 Bn | 3.05 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 306.66 |
| Sep 30, 2025 | 502.76 |
| Jun 30, 2025 | 147.37 |
| Mar 31, 2025 | -93.41 |
| Dec 31, 2024 | 245.64 |
| Sep 30, 2024 | 122.38 |
| Jun 30, 2024 | 104.13 |
| Mar 31, 2024 | 523.42 |
| Dec 31, 2023 | 139.50 |
| Sep 30, 2023 | 49.06 |
| Jun 30, 2023 | 47.28 |
| Mar 31, 2023 | -5,105.81 |
| Dec 31, 2022 | 450.74 |
| Sep 30, 2022 | 29.40 |
| Jun 30, 2022 | 61.22 |
| Mar 31, 2022 | 110.22 |
| Dec 31, 2021 | 113.16 |
| Sep 30, 2021 | 89.86 |
| Jun 30, 2021 | 45.86 |
| Mar 31, 2021 | 122.36 |