StepStone (STEP) Debt Ratio (2020 - 2025)

StepStone (STEP) posted Debt Ratio of 0.05 for Q4 2025, up 1.85% on a QoQ basis from 0.05 in Q3 2025, and up 32.75% year-over-year from 0.04 in Q4 2024.

StepStone (STEP) Debt Ratio (2020 - 2025) Analysis & Trends

StepStone's Debt Ratio history runs 6 years deep, the most recent figure standing at 0.05 for Q4 2025.

  • Quarterly Debt Ratio rose 32.75% year-over-year to 0.05 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 0.05 (up 32.75% YoY) and the FY2025 annual result came in at 0.06, up 49.46% from the prior year.
  • Debt Ratio was 0.05 for Q4 2025 at StepStone, up from 0.05 in the prior quarter.
  • Across five years, Debt Ratio topped out at 0.06 in Q1 2025 and bottomed at 0.02 in Q1 2022.
  • A 5-year average of 0.03 and a median of 0.03 in 2023 frame the typical range for Debt Ratio.
  • Annual changes were most pronounced in 2022 — Debt Ratio tumbled 39.96% — and 2023, when it surged 94.03%.
  • StepStone's Debt Ratio stood at 0.02 in 2021, then jumped by 52.81% to 0.02 in 2022, then surged by 50.12% to 0.04 in 2023, then climbed by 8.9% to 0.04 in 2024, then jumped by 32.75% to 0.05 in 2025.
  • Business Quant data shows STEP's Debt Ratio at 0.05 in Q4 2025, 0.05 in Q3 2025, and 0.06 in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Debt Ratio (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - 0.12
3 Blackstone 97.77 Bn 96.72 Bn - 0.27
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 0.03
5 State Street 51.30 Bn 51.30 Bn - -
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 0.00
7 Northern Trust 32.93 Bn 32.93 Bn - 0.04
8 Raymond James Financial 32.59 Bn 17.67 Bn - 0.05
9 Price T Rowe 24.70 Bn 21.13 Bn - -
10 StepStone 3.23 Bn 3.12 Bn - 0.05

Historic Data

Download Data
DateValue
Dec 31, 2025 0.05
Sep 30, 2025 0.05
Jun 30, 2025 0.06
Mar 31, 2025 0.06
Dec 31, 2024 0.04
Sep 30, 2024 0.04
Jun 30, 2024 0.04
Mar 31, 2024 0.04
Dec 31, 2023 0.04
Sep 30, 2023 0.03
Jun 30, 2023 0.03
Mar 31, 2023 0.03
Dec 31, 2022 0.02
Sep 30, 2022 0.02
Jun 30, 2022 0.02
Mar 31, 2022 0.02
Dec 31, 2021 0.02
Sep 30, 2021 0.03
Mar 31, 2020 0.21