StepStone (STEP) Enterprise Value (2019 - 2026)
StepStone's (STEP) quarterly Enterprise Value came in at -$103.5 million in Q4 2025, down 110.62% YoY from $974.1 million in Q4 2024, and down 117.28% on a QoQ basis from $598.7 million in Q3 2025.
StepStone (STEP) Enterprise Value (2019 - 2026) Analysis & Trends
StepStone (STEP) has 7 years of Enterprise Value data on file, last reported at -$103.5 million in Q4 2025.
- Quarterly Enterprise Value fell 110.62% year-over-year to -$103.5 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was -$103.5 million (down 110.62% YoY) and the FY2025 annual result came in at -$69.4 million, down 189.31% from the prior year.
- Enterprise Value retreated to -$103.5 million in Q4 2025, from $598.7 million in the prior quarter.
- In the past five years, Enterprise Value ranged from a high of $730.4 million in Q2 2022 to a low of -$143.6 million in Q3 2022.
- A 5-year average of $104.0 million and a median of -$27.2 million in 2022 frame the typical range for Enterprise Value.
- Annual changes were most pronounced in 2022 — Enterprise Value slumped 549.63% — and 2025, when it soared 1622.78%.
- Tracing STEP's Enterprise Value over 5 years: stood at $241.5 million in 2021, then sank by 106.21% to -$15.0 million in 2022, then plunged by 325.93% to -$63.9 million in 2023, then rose by 23.11% to -$49.1 million in 2024, then sank by 110.62% to -$103.5 million in 2025.
- The last three Enterprise Value figures came in at -$103.5 million (Q4 2025), $598.7 million (Q3 2025), and $364.0 million (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Enterprise Value (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 178.79 Bn | 164.92 Bn | - | -13.64 Bn |
| 2 | Blackstone | 115.40 Bn | 112.90 Bn | - | -1.14 Bn |
| 3 | Kkr | 97.72 Bn | -179.36 Bn | - | -277.07 Bn |
| 4 | Brookfield | 93.40 Bn | 46.00 Bn | - | -47.40 Bn |
| 5 | Brookfield Asset Management | 83.83 Bn | 82.33 Bn | - | -265.00 Mn |
| 6 | Apollo Global Management | 79.02 Bn | 53.65 Bn | 10.54 Bn | -4.90 Bn |
| 7 | Ameriprise Financial | 51.24 Bn | 40.20 Bn | 4.72 Bn | -11.05 Bn |
| 8 | State Street | 51.20 Bn | 51.20 Bn | - | - |
| 9 | Northern Trust | 34.01 Bn | 34.01 Bn | - | - |
| 10 | StepStone | 3.99 Bn | 3.08 Bn | - | 467.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 467.89 Mn |
| Dec 31, 2025 | -103.48 Mn |
| Sep 30, 2025 | 598.67 Mn |
| Jun 30, 2025 | 364.02 Mn |
| Mar 31, 2025 | -69.44 Mn |
| Dec 31, 2024 | -49.13 Mn |
| Sep 30, 2024 | -39.31 Mn |
| Jun 30, 2024 | 88.75 Mn |
| Mar 31, 2024 | 77.76 Mn |
| Dec 31, 2023 | -63.89 Mn |
| Sep 30, 2023 | -117.48 Mn |
| Jun 30, 2023 | -91.73 Mn |
| Mar 31, 2023 | -78.04 Mn |
| Dec 31, 2022 | -15.00 Mn |
| Sep 30, 2022 | -143.56 Mn |
| Jun 30, 2022 | 730.38 Mn |
| Mar 31, 2022 | -116.39 Mn |
| Dec 31, 2021 | 241.49 Mn |
| Sep 30, 2021 | 629.47 Mn |
| Jun 30, 2021 | 211.04 Mn |