Growth Metrics

StepStone (STEP) EBT Margin (2019 - 2025)

StepStone posted quarterly EBT Margin of 148.79% for Q3 2025, down 17009.0% year-on-year from N/an in Q3 2024, and down 2563.44% on a QoQ basis from 5.59% in Q2 2025.

StepStone (STEP) has 7 years of EBT Margin data on file, last reported at 148.79% in Q3 2025.

  • For the quarter ending Q3 2025, EBT Margin fell 17009.0% year-over-year to 148.79%; the trailing twelve-month figure through Sep 2025 stood at 67.15% (down 8922.0% YoY), and the FY2025 full-year result was 18.9%, down 4636.0% from the prior year.
  • EBT Margin for Q3 2025 stood at 148.79%, down from 5.59% in the prior quarter.
  • Across five years, EBT Margin topped out at 45.67% in Q2 2021 and bottomed at 337.36% in Q4 2022.
  • The 5-year median for EBT Margin is 21.31% (2024), against an average of 27.67%.
  • The widest annual swing landed in 2022, when EBT Margin plunged 37197 bps; it then jumped 17214 bps in 2023.
  • A 5-year view of EBT Margin shows it stood at 34.61% in 2021, then tumbled by 1075 bps to 337.36% in 2022, then surged by 51 bps to 165.22% in 2023, then jumped by 38 bps to 101.68% in 2024, then plunged by 46 bps to 148.79% in 2025.
  • The last three EBT Margin figures came in at 148.79% (Q3 2025), 5.59% (Q2 2025), and 2.63% (Q1 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) EBT Margin (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 42.43%
2 Blackstone 92.68 Bn 91.63 Bn - 40.22%
3 Kkr 84.94 Bn 132.45 Bn - 10.72%
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 52.02%
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 5.59%
6 State Street 44.42 Bn 18.75 Bn - 25.53%
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 23.41%
8 Northern Trust 31.21 Bn 31.21 Bn - 52.23%
9 Ares Management 28.85 Bn 32.22 Bn - 22.41%
10 StepStone 3.79 Bn 4.63 Bn - -

Historic Data

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DateValue
Sep 30, 2025 -148.79%
Jun 30, 2025 -5.59%
Mar 31, 2025 2.63%
Dec 31, 2024 -101.68%
Sep 30, 2024 21.31%
Jun 30, 2024 29.42%
Mar 31, 2024 26.49%
Dec 31, 2023 -165.22%
Sep 30, 2023 34.99%
Jun 30, 2023 32.61%
Mar 31, 2023 -39.16%
Dec 31, 2022 -337.36%
Sep 30, 2022 -47.00%
Jun 30, 2022 -26.14%
Mar 31, 2022 31.76%
Dec 31, 2021 34.61%
Sep 30, 2021 40.36%
Jun 30, 2021 45.67%
Mar 31, 2021 45.36%
Dec 31, 2020 47.31%
Sep 30, 2020 44.97%
Jun 30, 2020 -83.37%
Mar 31, 2020 35.75%
Dec 31, 2019 25.60%
Sep 30, 2019 35.95%