Stepchange HoldingsASX:STH -1.92%24 FCF Margin % is 6.91% as of Dec. 2025, which is 21% below its 10-year median of 8.70. GuruFocus rates ASX:STH with a GF Score™ of 24/100. The stock has 1 warning sign investors should review. Among 2,815 Software companies, Stepchange Holdings ranks better than 62.59% on this metric.
The historical rank and industry rank for Stepchange Holdings's FCF Margin % or its related term are showing as below:
ASX:STH'
s FCF Margin % Range Over the Past 10 Years
Min: 6.91 Med: 8.7 Max: 9.89
Current: 6.91
During the past 2 years, the highest FCF Margin % of Stepchange Holdings was 9.89%. The lowest was 6.91%. And the median was 8.70%.
ASX:STH's FCF Margin % is ranked better than 62.59% of 2815
companies
in the Software industry
Industry Median: 2.41
vs ASX:STH: 6.91
Stepchange Holdings FCF Margin % Related Terms
Stepchange Holdings FCF Margin % Historical Data
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The historical data trend for Stepchange Holdings's FCF Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
ASX:STH vs CRM, SHOP, UBER: FCF Margin % Comparison
For the Software - Application subindustry, Stepchange Holdings's FCF Margin %, along with its competitors' market caps and FCF Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Stepchange Holdings FCF Margin % vs Software Industry
For the Software industry and Technology sector, Stepchange Holdings's FCF Margin % distribution charts can be found below:
* The bar in red indicates where Stepchange Holdings's FCF Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Stepchange Holdings (ASX:STH) has a FCF Margin % of 6.91% as of Dec. 2025. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Stepchange Holdings and its competitors. This is 21% below median its historical median of 8.70. Over the past decade, Stepchange Holdings' FCF Margin % has ranged from 6.91 to 9.89. According to the industry distribution chart, Stepchange Holdings ranks #1053 out of 2815 companies in the Software industry, placing it in the top 37.4%.
Is Stepchange Holdings' FCF Margin % too high?
Stepchange Holdings' current FCF Margin % of 6.91% is 21% below median its 10-year median of 8.70. Over the past 10 years, this metric has ranged from a low of 6.91 to a high of 9.89. The Software industry median FCF Margin % is 2.41. Stepchange Holdings' value of 6.91% is 186.7% above this industry median. Based on the distribution chart, Stepchange Holdings ranks #1053 out of 2815 companies in the Software industry, which is above the industry midpoint. Overall, Stepchange Holdings has a GF Score™ of 24/100, reflecting its overall financial health beyond just this single metric.
How does Stepchange Holdings' FCF Margin % compare to CRM and SHOP?
According to the Software industry distribution chart, Stepchange Holdings ranks #1053 out of 2815 companies for FCF Margin %. This puts Stepchange Holdings in the upper half of its industry. The industry median FCF Margin % is 2.41. Stepchange Holdings' value of 6.91% is 186.7% above this benchmark. Historically, Stepchange Holdings' own FCF Margin % has ranged from 6.91 to 9.89 over the past decade. While the company's 10-year median is 8.70 vs. the industry median of 2.41, Stepchange Holdings has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good FCF Margin % for a Software company?
The median FCF Margin % among Software companies is 2.41, based on 2,815 companies in the industry. Companies in the top quartile (top 25%) have a FCF Margin % significantly above this median, while those in the bottom quartile fall well below. However, FCF Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Stepchange Holdings's current FCF Margin % of 6.91% is 186.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high FCF Margin % mean?
A high FCF Margin % can signal that a stock is expensive relative to its fundamentals. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on Stepchange Holdings and its competitors. For the Software industry, the median FCF Margin % is 2.41 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Stepchange Holdings's current FCF Margin % is 6.91%, which is 21% below median its own 10-year median of 8.70. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Stepchange Holdings stock overvalued right now?
Stepchange Holdings (ASX:STH) has a current FCF Margin % of 6.91%. The current FCF Margin % is 6.91%, which is 21% below median its 10-year median of 8.70 and 186.7% above the Software industry median of 2.41. Stepchange Holdings' overall GF Score™ is 24/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is FCF Margin % calculated?
FCF Margin % is calculated from a company's financial statements. For Stepchange Holdings (ASX:STH), the current FCF Margin % is 6.91% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Stepchange Holdings Ltd is engaged in providing software services. It delivers end-to-end SAP ERP and digital transformation service. Its services include: Strategic Alignment and Execution; Program and Project Management; Change Management; and Business Analysis.
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