StepStone (STEP) FCF Margin (2019 - 2025)
StepStone posted quarterly FCF Margin of 3.5% for Q3 2025, down 1579.0% year-on-year from 0.24% in Q3 2024, and down 71.76% on a QoQ basis from 12.4% in Q2 2025.
StepStone (STEP) has 7 years of FCF Margin data on file, last reported at 3.5% in Q3 2025.
- For the quarter ending Q3 2025, FCF Margin fell 1579.0% year-over-year to 3.5%; the trailing twelve-month figure through Sep 2025 stood at 1.23% (down 1442.0% YoY), and the FY2025 full-year result was 5.09%, down 1485.0% from the prior year.
- FCF Margin for Q3 2025 stood at 3.5%, 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.
- The 5-year median for FCF Margin is 19.29% (2024), against an average of 30.49%.
- The widest annual swing landed in 2022, when FCF Margin soared 10519 bps; it then tumbled 13636 bps in 2024.
- A 5-year view of FCF Margin shows it stood at 11.24% in 2021, then soared by 935 bps to 116.43% in 2022, then climbed by 24 bps to 144.33% in 2023, then sank by 94 bps to 7.97% in 2024, then plunged 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.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 158.51 Bn | 148.89 Bn | - | -16.21% |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 26.47% |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 39.82% |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 24.81% |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 32.02% |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -327.00% |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 8.80% |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | -24.56% |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 27.99% |
| 10 | StepStone | 3.79 Bn | 4.63 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% |
| Sep 30, 2020 | 22.04% |
| Jun 30, 2020 | 46.53% |
| Mar 31, 2020 | -1.79% |
| Dec 31, 2019 | 29.72% |