StepStone (STEP) Common Equity (2019 - 2025)
StepStone (STEP) reported Common Equity of -$378.8 million for Q4 2025, down 126.12% on a YoY basis from $1.5 billion in Q4 2024, and down 169.28% quarter-over-quarter from $546.8 million in Q3 2025.
StepStone (STEP) Common Equity (2019 - 2025) Analysis & Trends
StepStone has reported Common Equity for 7 years, with the latest figure at -$378.8 million in Q4 2025.
- For the quarter ending Q4 2025, Common Equity fell 126.12% year-over-year to -$378.8 million; the trailing twelve-month figure through Dec 2025 stood at -$378.8 million (down 126.12% YoY), and the FY2025 full-year result was $1.4 billion, down 15.98% from the prior year.
- Common Equity for Q4 2025 stood at -$378.8 million, down from $546.8 million in the prior quarter.
- The five-year high for Common Equity was $1.8 billion in Q1 2022, with the low at -$378.8 million in Q4 2025.
- Historically, Common Equity has averaged $1.4 billion across 5 years, with a median of $1.6 billion in 2023.
- Annual changes were most pronounced in 2021 — Common Equity jumped 1339.79% — and 2025, when it slumped 126.12%.
- StepStone's Common Equity stood at $1.8 billion in 2021, then declined by 11.71% to $1.6 billion in 2022, then slipped by 0.96% to $1.6 billion in 2023, then retreated by 8.79% to $1.5 billion in 2024, then tumbled by 126.12% to -$378.8 million in 2025.
- The last three Common Equity figures came in at -$378.8 million (Q4 2025), $546.8 million (Q3 2025), and $1.2 billion (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Common Equity (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 56.69 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 8.37 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 30.50 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 39.53 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 6.21 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 12.99 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.57 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.36 Bn |
| 10 | StepStone | 3.56 Bn | 4.40 Bn | - | -378.79 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -378.79 Mn |
| Sep 30, 2025 | 546.79 Mn |
| Jun 30, 2025 | 1.23 Bn |
| Mar 31, 2025 | 1.39 Bn |
| Dec 31, 2024 | 1.45 Bn |
| Sep 30, 2024 | 1.79 Bn |
| Jun 30, 2024 | 1.79 Bn |
| Mar 31, 2024 | 1.65 Bn |
| Dec 31, 2023 | 1.59 Bn |
| Sep 30, 2023 | 1.64 Bn |
| Jun 30, 2023 | 1.63 Bn |
| Mar 31, 2023 | 1.63 Bn |
| Dec 31, 2022 | 1.61 Bn |
| Sep 30, 2022 | 1.64 Bn |
| Jun 30, 2022 | 1.75 Bn |
| Mar 31, 2022 | 1.82 Bn |
| Dec 31, 2021 | 1.82 Bn |
| Sep 30, 2021 | 1.73 Bn |
| Jun 30, 2021 | 761.14 Mn |
| Mar 31, 2021 | 659.69 Mn |