COMP <GO>
STEP vs MAAS // FREE CASH FLOW YIELD
StepStone Group Inc. (NASDAQ) VS. Maase Inc. (Class A) (NASDAQ) • 15-METRIC TALLY: STEP 6
— MAAS 2
▲ FREE CASH FLOW YIELD LEADER: STEP
LAST: $43.22 (-2.81%) • MKT CAP: $5.37B
fcf-yield
1.19%
LAST: $12.25 (+0.16%) • MKT CAP: $5.41B
fcf-yield
0.17%
15-METRIC INSTITUTIONAL SIDE-BY-SIDE SCORECARD (STEP VS. MAAS)
EMERALD CELL = QUANTITATIVE EDGE
| INSTITUTIONAL METRIC | STEP | MAAS | 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 | 1.19% | 0.17% | +1.02 | STEP | /fcf-yield <GO> |
| Operating Margin | -45.50% | -60.00% | +14.50 | STEP | /operating-margins <GO> |
| Net Profit Margin | -37.30% | -25.10% | -12.20 | MAAS | /net-margins <GO> |
| Revenue Growth (YoY) | 69.70% | -33.10% | +102.80 | STEP | /revenue-growth <GO> |
| Dividend Yield & FCF Payout Safety | 2.19% | 0.00% | +2.19 | STEP | /dividend-safety <GO> |
| Altman Z-Score & Debt/Equity | — | — | — | TIE | /balance-sheet <GO> |
| Piotroski F-Score Quality | 7/9 | 4/9 | +3.00 | STEP | /piotroski-score <GO> |
| Options Implied Move & Put/Call Skew | — | — | — | TIE | /options-implied-move <GO> |
| RSI-14 & 200D SMA Momentum | 52.6 | 42.6 | +10.00 | 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 | $5.37B | $5.41B | -$41.3M | MAAS | /market-cap <GO> |
5-YEAR HISTORICAL XBRL REVENUE & MARGIN TRAJECTORY SEC FORM 10-K FY
| FISCAL YEAR | STEP REV | MAAS REV | STEP GROSS % | MAAS GROSS % | STEP FCF | MAAS FCF |
|---|---|---|---|---|---|---|
| FY 2025 | $1.99B | $109.1M | — | — | $63.9M | $9.2M |
| FY 2024 | $1.17B | $163.1M | — | — | $59.8M | $7.4M |
| FY 2023 | $711.6M | $15.8M | — | — | $129.5M | -$25.4M |
FRED MACRO REGIME CORRELATION COMPARISON PEARSON r
STEP // BETA 0.92
MAAS // BETA —