StepStone (STEP) EV to FCF (2020 - 2025)
StepStone's EV to FCF came in at 444.59 for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 797.1% from 49.56 a year earlier and up 4.7% from the prior quarter.
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Analysis
StepStone (STEP) EV to FCF (2020 - 2025) Analysis & Trends
Over the trailing twelve months to Dec 31, 2025, StepStone reported EV to FCF of 396.31, up 778.2% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at 103.22, up 261.0% from FY2024.
- EV to FCF has increased in each of the last three fiscal years.
- Going back by fiscal year, EV to FCF was 28.59 in FY2024 (+59.5%), 17.92 in FY2023 (+6.8%), 16.78 in FY2022 (-30.6%) and 24.20 in FY2021.
- The fiscal Q3 2026 figure represents the highest quarterly EV to FCF in data going back to fiscal Q2 2021.
- Year-over-year, EV to FCF has increased for ten consecutive quarters, with growth averaging 292.8% over the last eight quarters.
- The fastest year-over-year change in EV to FCF over five years came in fiscal Q3 2026 (growth of 797.1%), and the weakest in fiscal Q2 2023 (a decline of 61.4%).
- Business Quant data shows STEP's EV to FCF at 424.57 (Q2 2026), 122.25 (Q1 2026) and 103.22 (Q4 2025) in the three fiscal quarters before Q3 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn |
| 10 | StepStone | 5.14 Bn | 4.44 Bn | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 444.59 |
| Sep 30, 2025 | 424.57 |
| Jun 30, 2025 | 122.25 |
| Mar 31, 2025 | 103.22 |
| Dec 31, 2024 | 49.56 |
| Sep 30, 2024 | 50.32 |
| Jun 30, 2024 | 36.54 |
| Mar 31, 2024 | 28.59 |
| Dec 31, 2023 | 26.31 |
| Sep 30, 2023 | 29.57 |
| Jun 30, 2023 | 19.44 |
| Mar 31, 2023 | 17.92 |
| Dec 31, 2022 | 14.84 |
| Sep 30, 2022 | 11.71 |
| Jun 30, 2022 | 21.20 |
| Mar 31, 2022 | 16.78 |
| Dec 31, 2021 | 28.81 |
| Sep 30, 2021 | 30.29 |
| Jun 30, 2021 | 18.08 |
| Mar 31, 2021 | 24.20 |
API Access
StepStone EV to FCF API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ev-to-fcf", "ticker": "STEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ev-to-fcf&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();