STEP (StepStone Group) FCF Margin %: -4.07% (As of Mar. 2026)


STEP StepStone Group Inc STEP
50 GF Score
Price $39.54
GF Value $90.75
Valuation Possible Value Trap
! 3 Warning Signs
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What is StepStone Group FCF Margin %?

StepStone Group STEP -3.40% 50 FCF Margin % is -4.07% as of Mar. 2026. GuruFocus rates STEP with a GF Score™ of 50/100 and a GF Value™ of $90.75 (Possible Value Trap). The stock has 3 warning signs investors should review. Among 1,461 Asset Management companies, StepStone Group ranks worse than 59.21% on this metric.

FCF Margin % is calculated as Free Cash Flow divided by its Revenue. StepStone Group's Free Cash Flow for the three months ended in Mar. 2026 was $-24 Mil. StepStone Group's Revenue for the three months ended in Mar. 2026 was $589 Mil. Therefore, StepStone Group's FCF Margin % for the quarter that ended in Mar. 2026 was -4.07%.

As of today, StepStone Group's current FCF Yield % is 1.98%.

The historical rank and industry rank for StepStone Group's FCF Margin % or its related term are showing as below:

STEP' s FCF Margin % Range Over the Past 10 Years
Min: -215.4   Med: 15.54   Max: 19.94
Current: 3.2


During the past 9 years, the highest FCF Margin % of StepStone Group was 19.94%. The lowest was -215.40%. And the median was 15.54%.

STEP's FCF Margin % is ranked worse than
59.21% of 1461 companies
in the Asset Management industry
Industry Median: 14.62 vs STEP: 3.20


StepStone Group FCF Margin % Related Terms


StepStone Group FCF Margin % Historical Data

* Premium members only.

The historical data trend for StepStone Group'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.

StepStone Group FCF Margin % Chart

StepStone Group Annual Data
Trend Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
FCF Margin %
Get a 7-Day Free Trial Premium Member Only 15.54 -215.40 19.94 5.09 3.20

StepStone Group Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
FCF Margin % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only -18.32 12.40 3.50 4.56 -4.07

STEP vs DNP, UTG, HLNE: FCF Margin % Comparison

For the Asset Management subindustry, StepStone Group'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.


StepStone Group FCF Margin % vs Asset Management Industry

For the Asset Management industry and Financial Services sector, StepStone Group's FCF Margin % distribution charts can be found below:

* The bar in red indicates where StepStone Group's FCF Margin % falls into.


STEP
50GF Score
StepStone Group Inc STEP
FCF Margin % is just one metric. See GF Score™, valuation, warning signs, and more.
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StepStone Group FCF Margin % Calculation

FCF margin is the ratio of Free Cash Flow divided by net sales or Revenue, usually presented in percent.

StepStone Group's FCF Margin for the fiscal year that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (A: Mar. 2026 )/Revenue (A: Mar. 2026 )
=63.861/1993.603
=3.20 %

StepStone Group's FCF Margin for the quarter that ended in Mar. 2026 is calculated as

FCF Margin=Free Cash Flow (Q: Mar. 2026 )/Revenue (Q: Mar. 2026 )
=-23.962/588.58
=-4.07 %

* 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.

Frequently Asked Questions Learn more about FCF Margin % →
What does a FCF Margin % of -4.07% mean?
StepStone Group (STEP) has a FCF Margin % of -4.07% as of Mar. 2026. Free cash flow margin is the ratio of total free cash flow to net sales. View historical data on StepStone Group and its competitors. According to the industry distribution chart, StepStone Group ranks #865 out of 1461 companies in the Asset Management industry, placing it in the top 59.2%.
Is StepStone Group's FCF Margin % too high?
StepStone Group's current FCF Margin % is -4.07%. Based on the distribution chart, StepStone Group ranks #865 out of 1461 companies in the Asset Management industry, which is below the industry midpoint. Overall, StepStone Group has a GF Score™ of 50/100 and is considered Possible Value Trap, reflecting its overall financial health beyond just this single metric.
How does StepStone Group's FCF Margin % compare to DNP and UTG?
According to the Asset Management industry distribution chart, StepStone Group ranks #865 out of 1461 companies for FCF Margin %. This places StepStone Group in the lower half of its industry. The industry median FCF Margin % is 14.62. 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 an Asset Management company?
The median FCF Margin % among Asset Management companies is 14.62, based on 1,461 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. 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 StepStone Group and its competitors. For the Asset Management industry, the median FCF Margin % is 14.62 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. StepStone Group's current FCF Margin % is -4.07%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is StepStone Group stock overvalued right now?
Based on GuruFocus' analysis, StepStone Group (STEP) is currently considered Possible Value Trap. The stock's GF Value™ is $90.75, compared to a current price of $39.54 — trading 56.4% below its estimated fair value. The current FCF Margin % is -4.07%. StepStone Group's overall GF Score™ is 50/100 with 3 warning signs 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 StepStone Group (STEP), the current FCF Margin % is -4.07% as of Mar. 2026. 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.

Is StepStone Group (STEP) Overvalued in 2026?

Based on GuruFocus' analysis, StepStone Group stock appears to be undervalued. The current stock price of $39.54 is trading 56.4% below its estimated GF Value™ of $90.75. GuruFocus considers StepStone Group to be Possible Value Trap.

Key valuation signals for STEP:

  • FCF Margin %: -4.07%
  • GF Value™: $90.75 vs. price of $39.54 (56.4% below fair value)
  • GF Score™: 50/100 with 3 warning signs

No single metric tells the full story. See the STEP stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


StepStone Group Business Description

Other Exchanges STEP:Mexico
Address 277 Park Avenue, 45th Floor, New York, NY, USA, 10172
StepStone Group Inc operates as a fully integrated private markets solution provider. The company provides customized investment solutions and advisory and data services. It provides investment solutions in the areas of private equity, real estate, private debt, and infrastructure and real assets. The company consists of a single operating segment and a single reportable segment for accounting and financial reporting purposes.
50GF Score

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FCF Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$39.54
Price
$90.75
GF Value