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
DateValue
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