StepStone (STEP) Equity Average (2019 - 2025)
StepStone (STEP) reported Equity Average of $443.2 million for Q4 2025, down 72.63% on a YoY basis from $1.6 billion in Q4 2024, and down 50.13% quarter-over-quarter from $888.7 million in Q3 2025.
StepStone (STEP) Equity Average (2019 - 2025) Analysis & Trends
StepStone has reported Equity Average for 7 years, with the latest figure at $443.2 million in Q4 2025.
- For the quarter ending Q4 2025, Equity Average fell 72.63% year-over-year to $443.2 million; the trailing twelve-month figure through Dec 2025 stood at $443.2 million (down 72.63% YoY), and the FY2025 full-year result was $917.0 million, down 44.14% from the prior year.
- Equity Average for Q4 2025 stood at $443.2 million, down from $888.7 million in the prior quarter.
- The five-year high for Equity Average was $1.8 billion in Q1 2022, with the low at $443.2 million in Q4 2025.
- Historically, Equity Average has averaged $1.4 billion across 5 years, with a median of $1.6 billion in 2024.
- Annual changes were most pronounced in 2021 — Equity Average jumped 1497.08% — and 2025, when it plunged 72.63%.
- StepStone's Equity Average stood at $1.8 billion in 2021, then slipped by 8.55% to $1.6 billion in 2022, then dropped by 0.56% to $1.6 billion in 2023, then grew by 0.32% to $1.6 billion in 2024, then sank by 72.63% to $443.2 million in 2025.
- The last three Equity Average figures came in at $443.2 million (Q4 2025), $888.7 million (Q3 2025), and $705.0 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Equity Avg. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 56.51 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 14.44 Bn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 54.71 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 41.02 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 6.38 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 12.97 Bn |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 6.29 Bn |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 6.32 Bn |
| 10 | StepStone | 3.56 Bn | 4.40 Bn | - | 443.23 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 443.23 Mn |
| Sep 30, 2025 | 888.69 Mn |
| Jun 30, 2025 | 704.97 Mn |
| Mar 31, 2025 | 814.70 Mn |
| Dec 31, 2024 | 1.62 Bn |
| Sep 30, 2024 | 1.79 Bn |
| Jun 30, 2024 | 1.72 Bn |
| Mar 31, 2024 | 1.62 Bn |
| Dec 31, 2023 | 1.61 Bn |
| Sep 30, 2023 | 1.63 Bn |
| Jun 30, 2023 | 1.63 Bn |
| Mar 31, 2023 | 1.62 Bn |
| Dec 31, 2022 | 1.62 Bn |
| Sep 30, 2022 | 1.70 Bn |
| Jun 30, 2022 | 1.79 Bn |
| Mar 31, 2022 | 1.82 Bn |
| Dec 31, 2021 | 1.77 Bn |
| Sep 30, 2021 | 1.25 Bn |
| Jun 30, 2021 | 710.41 Mn |
| Mar 31, 2021 | 596.92 Mn |