Growth Metrics

StepStone (STEP) EBITDA Margin (2019 - 2025)

StepStone posted quarterly EBITDA Margin of 147.81% for Q3 2025, down 17041.0% year-on-year from N/an in Q3 2024, and down 3304.54% on a QoQ basis from 4.34% in Q2 2025.

StepStone (STEP) has 7 years of EBITDA Margin data on file, last reported at 147.81% in Q3 2025.

  • For the quarter ending Q3 2025, EBITDA Margin fell 17041.0% year-over-year to 147.81%; the trailing twelve-month figure through Sep 2025 stood at 62.6% (down 8608.0% YoY), and the FY2025 full-year result was 17.82%, down 4659.0% from the prior year.
  • EBITDA Margin for Q3 2025 stood at 147.81%, down from 4.34% in the prior quarter.
  • Across five years, EBITDA Margin topped out at 45.67% in Q2 2021 and bottomed at 311.12% in Q4 2022.
  • The 5-year median for EBITDA Margin is 22.6% (2024), against an average of 23.97%.
  • The widest annual swing landed in 2022, when EBITDA Margin tumbled 34587 bps; it then jumped 16343 bps in 2023.
  • A 5-year view of EBITDA Margin shows it stood at 34.75% in 2021, then plunged by 995 bps to 311.12% in 2022, then jumped by 53 bps to 147.69% in 2023, then jumped by 43 bps to 84.64% in 2024, then slumped by 75 bps to 147.81% in 2025.
  • The last three EBITDA Margin figures came in at 147.81% (Q3 2025), 4.34% (Q2 2025), and 3.48% (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBITDA Margin (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 42.01%
2 Blackstone 92.68 Bn 91.63 Bn - 44.01%
3 Kkr 84.94 Bn 132.45 Bn - 46.06%
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 54.78%
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 1.56%
6 State Street 44.42 Bn 18.75 Bn - 73.37%
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 18.44%
8 Northern Trust 31.21 Bn 31.21 Bn - 170.02%
9 Ares Management 28.85 Bn 32.22 Bn - 26.04%
10 StepStone 3.79 Bn 4.63 Bn - -

Historic Data

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DateValue
Sep 30, 2025 -147.81%
Jun 30, 2025 -4.34%
Mar 31, 2025 3.48%
Dec 31, 2024 -84.64%
Sep 30, 2024 22.60%
Jun 30, 2024 31.03%
Mar 31, 2024 27.23%
Dec 31, 2023 -147.69%
Sep 30, 2023 36.09%
Jun 30, 2023 33.74%
Mar 31, 2023 -40.13%
Dec 31, 2022 -311.12%
Sep 30, 2022 -46.48%
Jun 30, 2022 -25.38%
Mar 31, 2022 31.90%
Dec 31, 2021 34.75%
Sep 30, 2021 40.39%
Jun 30, 2021 45.67%
Mar 31, 2021 45.36%
Dec 31, 2020 47.32%
Sep 30, 2020 47.14%
Jun 30, 2020 -80.02%
Mar 31, 2020 37.46%
Dec 31, 2019 29.02%
Sep 30, 2019 37.90%