Growth Metrics

StepStone (STEP) FCF Margin (2019 - 2025)

StepStone filings provide 7 years of FCF Margin readings, the most recent being 3.5% for Q3 2025.

  • On a quarterly basis, FCF Margin fell 1579.0% to 3.5% in Q3 2025 year-over-year; TTM through Sep 2025 was 1.23%, a 1442.0% decrease, with the full-year FY2025 number at 5.09%, down 1485.0% from a year prior.
  • FCF Margin hit 3.5% in Q3 2025 for StepStone, down 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.
  • Median FCF Margin over the past 5 years was 19.29% (2024), compared with a mean of 30.49%.
  • Biggest five-year swings in FCF Margin: surged 10519bps in 2022 and later plummeted -13636bps in 2024.
  • StepStone's FCF Margin stood at 11.24% in 2021, then skyrocketed by 935bps to 116.43% in 2022, then grew by 24bps to 144.33% in 2023, then crashed by -94bps to 7.97% in 2024, then crashed by -56bps to 3.5% in 2025.
  • The last three reported values for FCF Margin were 3.5% (Q3 2025), 12.4% (Q2 2025), and 18.32% (Q1 2025) per Business Quant data.