StepStone (STEP) EV to FCF (2020 - 2025)
StepStone's (STEP) quarterly EV to FCF came in at 311.62 in Q4 2025, up 24.26% on a YoY basis from 250.79 in Q4 2024, and down 39.28% quarter-over-quarter from 513.22 in Q3 2025.
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StepStone (STEP) EV to FCF (2020 - 2025) Analysis & Trends
StepStone (STEP) has reported EV to FCF for 6 consecutive years, with 311.62 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, EV to FCF rose 24.26% year-over-year to 311.62; the trailing twelve-month figure through Dec 2025 stood at 446.92 (up 795.23% YoY), and the FY2025 full-year result was 103.86, up 269.11% from the prior year.
- EV to FCF eased to 311.62 in Q4 2025 per STEP's latest filing, from 513.22 in the prior quarter.
- Across five years, EV to FCF topped out at 594.75 in Q1 2024 and bottomed at 879.96 in Q1 2023.
- Historically, EV to FCF has averaged 124.11 across 5 years, with a median of 112.88 in 2021.
- The sharpest annual moves came in 2022 and 2023: EV to FCF surged 380.1% in 2022, then slumped 887.0% in 2023.
- Over 5 years, EV to FCF stood at 113.95 in 2021, then soared by 380.1% to 547.08 in 2022, then sank by 69.56% to 166.54 in 2023, then jumped by 50.59% to 250.79 in 2024, then grew by 24.26% to 311.62 in 2025.
- According to Business Quant data, EV to FCF over the past three periods registered 311.62, 513.22, and 150.94 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 | 311.62 |
| Sep 30, 2025 | 513.22 |
| Jun 30, 2025 | 150.94 |
| Mar 31, 2025 | -89.81 |
| Dec 31, 2024 | 250.79 |
| Sep 30, 2024 | 125.40 |
| Jun 30, 2024 | 105.34 |
| Mar 31, 2024 | 594.75 |
| Dec 31, 2023 | 166.54 |
| Sep 30, 2023 | 54.29 |
| Jun 30, 2023 | 54.64 |
| Mar 31, 2023 | -879.96 |
| Dec 31, 2022 | 547.08 |
| Sep 30, 2022 | 30.00 |
| Jun 30, 2022 | 61.59 |
| Mar 31, 2022 | 111.81 |
| Dec 31, 2021 | 113.95 |
| Sep 30, 2021 | 90.05 |
| Jun 30, 2021 | 46.59 |
| Mar 31, 2021 | 123.45 |