StepStone (STEP) FCF Margin (2019 - 2025)
StepStone (STEP) posted FCF Margin of 3.5% for Q3 2025, down 71.76% on a QoQ basis from 12.4% in Q2 2025, and down 1579.0% year-over-year from 0.24% in Q3 2024.
StepStone (STEP) FCF Margin (2019 - 2025) Analysis & Trends
StepStone's FCF Margin history runs 7 years deep, the most recent figure standing at 3.5% for 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 was 3.5% for Q3 2025 at StepStone, down from 12.4% in the prior quarter.
- Across five years, FCF Margin topped out at 144.33% in Q4 2023 and bottomed at 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 plunged 13636 bps.
- StepStone's FCF Margin stood at 11.24% in 2021, then jumped by 935 bps to 116.43% in 2022, then grew by 24 bps to 144.33% in 2023, then plunged by 94 bps to 7.97% in 2024, then tumbled by 56 bps to 3.5% in 2025.
- Business Quant data shows STEP's FCF Margin at 3.5% in Q3 2025, 12.4% in Q2 2025, and 18.32% in Q1 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Brookfield | 1,236.60 Bn | 1,311.20 Bn | 18.56 Bn | - |
| 2 | BlackRock | 161.01 Bn | 148.08 Bn | - | -16.21% |
| 3 | Blackstone | 97.77 Bn | 96.72 Bn | - | 26.47% |
| 4 | Apollo Global Management | 70.80 Bn | 90.38 Bn | -409.00 Mn | 746.54% |
| 5 | State Street | 51.30 Bn | 51.30 Bn | - | -327.00% |
| 6 | Ameriprise Financial | 48.54 Bn | 39.27 Bn | 4.57 Bn | 8.80% |
| 7 | Northern Trust | 32.93 Bn | 32.93 Bn | - | -24.56% |
| 8 | Raymond James Financial | 32.59 Bn | 17.67 Bn | - | 27.31% |
| 9 | Price T Rowe | 24.70 Bn | 21.13 Bn | - | 41.05% |
| 10 | StepStone | 3.23 Bn | 3.12 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% |