StepStone (STEP) Asset Utilization Ratio (2020 - 2025)
StepStone's (STEP) Asset Utilization Ratio was 0.30 for fiscal Q2 2026 (quarter ended Sep 30, 2025), up 44.1% from 0.21 a year earlier and up 5.1% from the prior quarter.
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Analysis
StepStone (STEP) Asset Utilization Ratio (2020 - 2025) Analysis & Trends
For FY2025 (ended Mar 31, 2025), Asset Utilization Ratio at StepStone was 0.28, up 43.6% from FY2024.
- By fiscal year, Asset Utilization Ratio came in at 0.20 in FY2024, 0.02 in FY2023 (-96.5%), 0.50 in FY2022 (-37.0%) and 0.79 in FY2021.
- The fiscal Q2 2026 figure ranks as the highest quarterly Asset Utilization Ratio since fiscal Q4 2022.
- Year over year, Asset Utilization Ratio has now increased in each of the last seven quarters, with growth averaging 244.5% over the last eight quarters.
- The high point for year-over-year Asset Utilization Ratio in five years was fiscal Q4 2024 (growth of 957.6%); the low point was fiscal Q4 2023 (a decline of 94.2%).
- Per Business Quant data, the three fiscal quarters before Q2 2026 came in at 0.29 (Q1 2026), 0.26 (Q4 2025) and 0.28 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Asset Util. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 0.16 |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 0.33 |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 0.05 |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | 0.29 |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 0.30 |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 0.07 |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 0.30 |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 0.26 |
| 10 | StepStone | 5.14 Bn | 4.44 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | 0.30 |
| Jun 30, 2025 | 0.29 |
| Mar 31, 2025 | 0.26 |
| Dec 31, 2024 | 0.28 |
| Sep 30, 2024 | 0.21 |
| Jun 30, 2024 | 0.20 |
| Mar 31, 2024 | 0.20 |
| Dec 31, 2023 | 0.06 |
| Sep 30, 2023 | 0.06 |
| Jun 30, 2023 | 0.05 |
| Mar 31, 2023 | 0.02 |
| Dec 31, 2022 | 0.17 |
| Sep 30, 2022 | 0.27 |
| Jun 30, 2022 | 0.28 |
| Mar 31, 2022 | 0.33 |
| Dec 31, 2021 | 0.35 |
| Sep 30, 2021 | 0.44 |
| Jun 30, 2021 | 0.79 |
| Mar 31, 2021 | 0.79 |
| Dec 31, 2020 | 0.77 |
API Access
StepStone Asset Utilization Ratio 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=asset-utilization-ratio&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "asset-utilization-ratio", "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=asset-utilization-ratio&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();