StepStone (STEP) FCF Margin (2019 - 2025)
StepStone's (STEP) quarterly FCF Margin came in at 3.5% in Q3 2025, down 1579.0% YoY from 0.24% in Q3 2024, and down 71.76% on a QoQ basis from 12.4% in Q2 2025.
StepStone (STEP) FCF Margin (2019 - 2025) Analysis & Trends
StepStone (STEP) has 7 years of FCF Margin data on file, last reported at 3.5% in Q3 2025.
- Quarterly FCF Margin fell 1579.0% year-over-year to 3.5% in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 1.23% (down 1442.0% YoY) and the FY2025 annual result came in at 5.09%, down 1485.0% from the prior year.
- FCF Margin retreated to 3.5% in Q3 2025, from 12.4% in the prior quarter.
- In the past five years, FCF Margin ranged from a high of 144.33% in Q4 2023 to a low of 18.32% in Q1 2025.
- A 5-year average of 30.49% and a median of 19.29% in 2024 frame the typical range for FCF Margin.
- Annual changes were most pronounced in 2022 — FCF Margin soared 10519 bps — and 2024, when it sank 13636 bps.
- Tracing STEP's FCF Margin over 5 years: stood at 11.24% in 2021, then surged by 935 bps to 116.43% in 2022, then advanced by 24 bps to 144.33% in 2023, then slumped by 94 bps to 7.97% in 2024, then sank by 56 bps to 3.5% in 2025.
- The last three FCF Margin figures came in at 3.5% (Q3 2025), 12.4% (Q2 2025), and 18.32% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 15.78% |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 37.86% |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 55.96% |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 30.52% |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 25.83% |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | -74.14% |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 56.83% |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | -7.06% |
| 10 | StepStone | 3.96 Bn | 3.06 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | 3.50% |
| Jun 30, 2025 | 12.40% |
| Mar 31, 2025 | -18.32% |
| Dec 31, 2024 | 7.97% |
| Sep 30, 2024 | 19.29% |
| Jun 30, 2024 | 26.61% |
| Mar 31, 2024 | 1.88% |
| Dec 31, 2023 | 144.33% |
| Sep 30, 2023 | 33.58% |
| Jun 30, 2023 | 27.99% |
| Mar 31, 2023 | 1.74% |
| Dec 31, 2022 | 116.43% |
| Sep 30, 2022 | 54.57% |
| Jun 30, 2022 | 73.99% |
| Mar 31, 2022 | 8.73% |
| Dec 31, 2021 | 11.24% |
| Sep 30, 2021 | 21.17% |
| Jun 30, 2021 | 24.15% |
| Mar 31, 2021 | 8.01% |
| Dec 31, 2020 | 15.04% |