Growth Metrics

StepStone (STEP) Equity Ratio (2020 - 2025)

StepStone posted quarterly Equity Ratio of 0.06 for Q4 2025, down 80.56% year-on-year from 0.33 in Q4 2024, and down 36.81% on a QoQ basis from 0.1 in Q3 2025.

StepStone (STEP) has 6 years of Equity Ratio data on file, last reported at 0.06 in Q4 2025.

  • For the quarter ending Q4 2025, Equity Ratio fell 80.56% year-over-year to 0.06; the trailing twelve-month figure through Dec 2025 stood at 0.06 (down 80.56% YoY), and the FY2025 full-year result was 0.04, down 91.05% from the prior year.
  • Equity Ratio for Q4 2025 stood at 0.06, down from 0.1 in the prior quarter.
  • Across five years, Equity Ratio topped out at 0.5 in Q1 2021 and bottomed at 0.04 in Q1 2025.
  • The 5-year median for Equity Ratio is 0.45 (2021), against an average of 0.38.
  • The widest annual swing landed in 2021, when Equity Ratio soared 1274363.31%; it then slumped 91.05% in 2025.
  • A 5-year view of Equity Ratio shows it stood at 0.45 in 2021, then advanced by 1.74% to 0.46 in 2022, then climbed by 0.04% to 0.46 in 2023, then dropped by 27.27% to 0.33 in 2024, then slumped by 80.56% to 0.06 in 2025.
  • The last three Equity Ratio figures came in at 0.06 (Q4 2025), 0.1 (Q3 2025), and 0.26 (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Equity Ratio (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 0.33
2 Blackstone 92.68 Bn 91.63 Bn - 0.17
3 Kkr 84.94 Bn 132.45 Bn - 0.07
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 0.48
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 0.08
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 0.03
8 Northern Trust 31.21 Bn 31.21 Bn - 0.07
9 Ares Management 28.85 Bn 32.22 Bn - 0.29
10 StepStone 3.79 Bn 4.63 Bn - 0.06

Historic Data

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DateValue
Dec 31, 2025 0.06
Sep 30, 2025 0.10
Jun 30, 2025 0.26
Mar 31, 2025 0.04
Dec 31, 2024 0.33
Sep 30, 2024 0.44
Jun 30, 2024 0.47
Mar 31, 2024 0.44
Dec 31, 2023 0.46
Sep 30, 2023 0.45
Jun 30, 2023 0.46
Mar 31, 2023 0.47
Dec 31, 2022 0.46
Sep 30, 2022 0.46
Jun 30, 2022 0.45
Mar 31, 2022 0.44
Dec 31, 2021 0.45
Sep 30, 2021 0.45
Jun 30, 2021 0.47
Mar 31, 2021 0.50
Dec 31, 2020 0.54
Sep 30, 2020 0.00
Mar 31, 2020 0.32