COMP <GO>
MAAS vs STEP // FREE CASH FLOW YIELD
Maase Inc. (Class A) (NASDAQ) VS. StepStone Group Inc. (NASDAQ) • 15-METRIC TALLY: MAAS 2
— STEP 6
▲ FREE CASH FLOW YIELD LEADER: STEP
LAST: $12.42 (+1.39%) • MKT CAP: $5.42B
fcf-yield
0.17%
LAST: $44.83 (+3.73%) • MKT CAP: $5.22B
fcf-yield
1.19%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (MAAS VS. STEP)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | MAAS | STEP | SPREAD (A - B) | ADVANTAGE | DEDICATED URL |
|---|---|---|---|---|---|
| Gross Profit Margin | — | — | — | TIE | /gross-margins <GO> |
| Return on Invested Capital (ROIC) | — | -35.00% | — | TIE | /roic <GO> |
| EV/EBITDA & P/E Valuation | — | — | — | TIE | /valuation <GO> |
| Free Cash Flow Yield ACTIVE | 0.17% | 1.19% | -1.02 | STEP | /fcf-yield <GO> |
| Operating Margin | -60.00% | -45.50% | -14.50 | STEP | /operating-margins <GO> |
| Net Profit Margin | -25.10% | -37.30% | +12.20 | MAAS | /net-margins <GO> |
| Revenue Growth (YoY) | -33.10% | 69.70% | -102.80 | STEP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 0.00% | 2.19% | -2.19 | STEP | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 4/9 | 7/9 | -3.00 | STEP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 42.8 | 47.3 | -4.50 | STEP | /rsi-technicals <GO> |
| 10Y Yield & FRED Macro Beta | — | 0.92 | — | TIE | /macro-sensitivity <GO> |
| Forward P/E Multiple | — | 18.0x | — | TIE | /forward-pe <GO> |
| Enterprise Scale & Market Cap | $5.42B | $5.22B | $201.0M | MAAS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | MAAS REV | STEP REV | MAAS GROSS % | STEP GROSS % | MAAS FCF | STEP FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $109.1M | $1.99B | — | — | $9.2M | $63.9M |
| FY 2024 | $163.1M | $1.17B | — | — | $7.4M | $59.8M |
| FY 2023 | $15.8M | $711.6M | — | — | -$25.4M | $129.5M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
MAAS // BETA —
STEP // BETA 0.92