StepStone (STEP) EBITDA Margin (2019 - 2025)
StepStone (STEP) recorded EBITDA Margin of -145.29% in fiscal Q2 2026 (quarter ended Sep 30, 2025), down 172.07 percentage points from 26.78% a year earlier and down 144.08 percentage points from the prior quarter.
StepStone (STEP) EBITDA Margin (2019 - 2025) Analysis & Trends
On a TTM basis, StepStone's EBITDA Margin came in at -63.19% as of Sep 30, 2025, down 92.26 percentage points year-over-year; for FY2025 (ended Mar 31, 2025), it came in at -13.95%, down 49.40 percentage points from FY2024.
- Annual EBITDA Margin has a five-year change of -51.12 percentage points (FY2020 to FY2025).
- Across earlier fiscal years, EBITDA Margin came in at 35.46% in FY2024 (+20.39 pp), 15.06% in FY2023 (-24.53 pp), 39.59% in FY2022 (-4.93 pp) and 44.52% in FY2021 (+7.35 pp).
- The fiscal Q2 2026 figure is the lowest quarterly EBITDA Margin in data going back to fiscal Q3 2020.
- On a year-over-year basis, EBITDA Margin has declined for six consecutive quarters, with an average year-over-year change of -46.35 percentage points over the last seven quarters.
- Peak year-over-year performance for EBITDA Margin in the last five years was a gain of 123.84 percentage points in fiscal Q1 2022, against a drop of 172.07 percentage points in fiscal Q2 2026 at the low end.
- Per Business Quant, the preceding three fiscal quarters came in at -1.21% (Q1 2026), 6.50% (Q4 2025) and -97.43% (Q3 2025).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBITDA Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 40.18% |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | - |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 35.54% |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | -39.99% |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 79.86% |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 20.01% |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 85.00% |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 91.19% |
| 10 | StepStone | 5.14 Bn | 4.44 Bn | - | - |
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -145.29% |
| Jun 30, 2025 | -1.21% |
| Mar 31, 2025 | 6.50% |
| Dec 31, 2024 | -97.43% |
| Sep 30, 2024 | 26.78% |
| Jun 30, 2024 | 37.11% |
| Mar 31, 2024 | 30.44% |
| Dec 31, 2023 | -64.47% |
| Sep 30, 2023 | 42.36% |
| Jun 30, 2023 | 40.47% |
| Dec 31, 2022 | -26.28% |
| Sep 30, 2022 | -39.08% |
| Jun 30, 2022 | -10.46% |
| Mar 31, 2022 | 35.10% |
| Dec 31, 2021 | 37.59% |
| Sep 30, 2021 | 41.26% |
| Jun 30, 2021 | 46.05% |
| Mar 31, 2021 | 45.73% |
| Dec 31, 2020 | 47.89% |
| Sep 30, 2020 | 47.72% |
StepStone EBITDA Margin API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=ebitda-margin&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "ebitda-margin", "ticker": "STEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=ebitda-margin&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();