Growth Metrics

StepStone (STEP) Enterprise Value (2019 - 2025)

StepStone posted quarterly Enterprise Value of $837.0 million for Q4 2025, up 1803.65% year-on-year from $44.0 million in Q4 2024, and up 56.34% on a QoQ basis from $535.4 million in Q3 2025.

StepStone (STEP) has 7 years of Enterprise Value data on file, last reported at $837.0 million in Q4 2025.

  • For the quarter ending Q4 2025, Enterprise Value rose 1803.65% year-over-year to $837.0 million; the trailing twelve-month figure through Dec 2025 stood at $837.0 million (up 1803.65% YoY), and the FY2025 full-year result was -$55.0 million, down 170.7% from the prior year.
  • Enterprise Value for Q4 2025 stood at $837.0 million, up from $535.4 million in the prior quarter.
  • Across five years, Enterprise Value topped out at $837.0 million in Q4 2025 and bottomed at -$192.0 million in Q2 2021.
  • The 5-year median for Enterprise Value is -$58.6 million (2023), against an average of $30.8 million.
  • Peak annual rise in Enterprise Value reached 1803.65% in 2025, while the deepest fall reached 170.7% in 2025.
  • A 5-year view of Enterprise Value shows it stood at $241.5 million in 2021, then slumped by 147.67% to -$115.1 million in 2022, then slipped by 21.58% to -$140.0 million in 2023, then jumped by 64.9% to -$49.1 million in 2024, then surged by 1803.65% to $837.0 million in 2025.
  • The last three Enterprise Value figures came in at $837.0 million (Q4 2025), $535.4 million (Q3 2025), and -$89.0 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Enterprise Value (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -9.62 Bn
2 Blackstone 92.68 Bn 91.63 Bn - -1.05 Bn
3 Kkr 84.94 Bn 132.45 Bn - 47.51 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 339.00 Mn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 18.73 Bn
6 State Street 44.42 Bn 18.75 Bn - -8.49 Bn
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn -128.00 Mn
8 Northern Trust 31.21 Bn 31.21 Bn - -
9 Ares Management 28.85 Bn 32.22 Bn - 3.37 Bn
10 StepStone 3.79 Bn 4.63 Bn - 836.99 Mn

Historic Data

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DateValue
Dec 31, 2025 836.99 Mn
Sep 30, 2025 535.35 Mn
Jun 30, 2025 -89.00 Mn
Mar 31, 2025 -54.98 Mn
Dec 31, 2024 -49.13 Mn
Sep 30, 2024 -39.31 Mn
Jun 30, 2024 -135.70 Mn
Mar 31, 2024 77.76 Mn
Dec 31, 2023 -139.97 Mn
Sep 30, 2023 -58.64 Mn
Jun 30, 2023 -91.73 Mn
Mar 31, 2023 -102.57 Mn
Dec 31, 2022 -115.13 Mn
Jun 30, 2022 187.37 Mn
Mar 31, 2022 -116.39 Mn
Dec 31, 2021 241.50 Mn
Sep 30, 2021 44.07 Mn
Jun 30, 2021 -192.00 Mn
Mar 31, 2021 -154.00 Mn
Dec 31, 2020 177.78 Mn
Sep 30, 2020 -151.12 Mn
Jun 30, 2020 -90.71 Mn
Mar 31, 2020 -83.30 Mn
Dec 31, 2019 -116.11 Mn
Sep 30, 2019 -61.64 Mn