StepStone (STEP) Equity Ratio (2020 - 2025)

StepStone (STEP) reported Equity Ratio of 0.06 for Q4 2025, down 80.56% on a YoY basis from 0.33 in Q4 2024, and down 36.81% quarter-over-quarter from 0.1 in Q3 2025.

StepStone (STEP) Equity Ratio (2020 - 2025) Analysis & Trends

StepStone has reported Equity Ratio for 6 years, with the latest figure 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.
  • The five-year high for Equity Ratio was 0.5 in Q1 2021, with the low at 0.04 in Q1 2025.
  • Historically, Equity Ratio has averaged 0.38 across 5 years, with a median of 0.45 in 2021.
  • Annual changes were most pronounced in 2021 — Equity Ratio soared 1274363.31% — and 2025, when it plunged 91.05%.
  • StepStone's Equity Ratio stood at 0.45 in 2021, then gained by 1.74% to 0.46 in 2022, then advanced by 0.04% to 0.46 in 2023, then slipped by 27.27% to 0.33 in 2024, then tumbled 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 163.18 Bn 153.56 Bn - 0.33
2 Blackstone 96.85 Bn 95.80 Bn - 0.17
3 Kkr 86.45 Bn 133.96 Bn - 0.07
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 0.08
5 State Street 46.95 Bn 21.27 Bn - -
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 0.03
7 Northern Trust 31.92 Bn 31.92 Bn - 0.07
8 Raymond James Financial 30.62 Bn 19.37 Bn - 0.14
9 Ares Management 29.04 Bn 32.41 Bn - 0.29
10 StepStone 3.56 Bn 4.40 Bn - 0.06

Historic Data

Download Data
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