Growth Metrics

StepStone (STEP) Asset Utilization Ratio (2020 - 2025)

StepStone posted quarterly Asset Utilization Ratio of 0.3 for Q3 2025, up 44.09% year-on-year from 0.21 in Q3 2024, and up 5.13% on a QoQ basis from 0.29 in Q2 2025.

StepStone (STEP) has 6 years of Asset Utilization Ratio data on file, last reported at 0.3 in Q3 2025.

  • For the quarter ending Q3 2025, Asset Utilization Ratio rose 44.09% year-over-year to 0.3; the trailing twelve-month figure through Sep 2025 stood at 0.3 (up 44.09% YoY), and the FY2025 full-year result was 0.28, up 43.62% from the prior year.
  • Asset Utilization Ratio for Q3 2025 stood at 0.3, up from 0.29 in the prior quarter.
  • Across five years, Asset Utilization Ratio topped out at 0.79 in Q2 2021 and bottomed at 0.02 in Q1 2023.
  • The 5-year median for Asset Utilization Ratio is 0.27 (2022), against an average of 0.28.
  • The widest annual swing landed in 2023, when Asset Utilization Ratio plunged 94.19%; it then soared 957.62% in 2024.
  • A 5-year view of Asset Utilization Ratio shows it stood at 0.35 in 2021, then slumped by 50.58% to 0.17 in 2022, then plunged by 64.98% to 0.06 in 2023, then jumped by 359.83% to 0.28 in 2024, then increased by 10.36% to 0.3 in 2025.
  • The last three Asset Utilization Ratio figures came in at 0.3 (Q3 2025), 0.29 (Q2 2025), and 0.26 (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Asset Util. (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 0.15
2 Blackstone 92.68 Bn 91.63 Bn - 0.31
3 Kkr 84.94 Bn 132.45 Bn - 0.00
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 0.29
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 0.00
6 State Street 44.42 Bn 18.75 Bn - 0.04
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 0.10
8 Northern Trust 31.21 Bn 31.21 Bn - 0.03
9 Ares Management 28.85 Bn 32.22 Bn - 0.21
10 StepStone 3.79 Bn 4.63 Bn - -

Historic Data

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DateValue
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