StepStone (STEP) EBT (2019 - 2025)
StepStone's (STEP) quarterly EBT came in at -$675.8 million in Q3 2025, down 1267.47% on a YoY basis from $57.9 million in Q3 2024, and down 3221.01% quarter-over-quarter from -$20.3 million in Q2 2025.
Analysis
StepStone (STEP) EBT (2019 - 2025) Analysis & Trends
StepStone (STEP) has reported EBT for 7 consecutive years, with -$675.8 million the latest figure, recorded in Q3 2025.
- For the quarter ending Q3 2025, EBT fell 1267.47% year-over-year to -$675.8 million; the trailing twelve-month figure through Sep 2025 stood at -$1.0 billion (down 663.04% YoY), and the FY2025 full-year result was -$222.0 million, down 213.63% from the prior year.
- EBT slipped to -$675.8 million in Q3 2025 per STEP's latest filing, from -$20.3 million in the prior quarter.
- Across five years, EBT topped out at $162.9 million in Q1 2021 and bottomed at -$675.8 million in Q3 2025.
- Historically, EBT has averaged -$4.7 million across 5 years, with a median of $57.9 million in 2024.
- The sharpest annual moves came in 2023 and 2024: EBT jumped 387.56% in 2023, then sank 1327.86% in 2024.
- Over 5 years, EBT stood at $142.1 million in 2021, then sank by 110.06% to -$14.3 million in 2022, then slumped by 68.98% to -$24.1 million in 2023, then tumbled by 1327.86% to -$344.7 million in 2024, then sank by 96.05% to -$675.8 million in 2025.
- According to Business Quant data, EBT over the past three periods registered -$675.8 million, -$20.3 million, and $10.0 million for Q3 2025, Q2 2025, and Q1 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | EBT (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 100.97 Bn | 98.46 Bn | - | 2.81 Bn |
| 2 | Kkr | 90.55 Bn | -186.52 Bn | - | 1.37 Bn |
| 3 | Apollo Global Management | 76.62 Bn | 51.25 Bn | 10.54 Bn | 2.49 Bn |
| 4 | Brookfield Asset Management | 75.65 Bn | 74.15 Bn | - | 1.33 Bn |
| 5 | Wheaton Precious Metals | 69.28 Bn | 69.18 Bn | 687.86 Mn | 785.68 Mn |
| 6 | Franco Nevada | 50.51 Bn | 48.97 Bn | 451.00 Mn | 452.80 Mn |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | 34.51 Bn |
| 8 | Ares Management | 30.07 Bn | 30.07 Bn | - | 385.94 Mn |
| 9 | Carlyle | 15.50 Bn | 14.25 Bn | - | 273.80 Mn |
| 10 | StepStone | 3.97 Bn | 3.06 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2025 | -675.83 Mn |
| Jun 30, 2025 | -20.35 Mn |
| Mar 31, 2025 | 9.95 Mn |
| Dec 31, 2024 | -344.72 Mn |
| Sep 30, 2024 | 57.89 Mn |
| Jun 30, 2024 | 54.84 Mn |
| Mar 31, 2024 | 94.52 Mn |
| Dec 31, 2023 | -24.14 Mn |
| Sep 30, 2023 | 66.98 Mn |
| Jun 30, 2023 | 58.04 Mn |
| Mar 31, 2023 | 67.51 Mn |
| Dec 31, 2022 | -14.29 Mn |
| Sep 30, 2022 | -74.49 Mn |
| Jun 30, 2022 | -20.19 Mn |
| Mar 31, 2022 | 115.84 Mn |
| Dec 31, 2021 | 142.08 Mn |
| Sep 30, 2021 | 113.72 Mn |
| Jun 30, 2021 | 140.94 Mn |
| Mar 31, 2021 | 162.87 Mn |
| Dec 31, 2020 | 116.94 Mn |