StepStone (STEP) FCF Payout Ratio (2019 - 2025)
StepStone (STEP) reported FCF Payout Ratio of 2.32 for Q4 2025, down 458.47% on a YoY basis from 0.65 in Q4 2024, and down 159.55% quarter-over-quarter from 3.89 in Q3 2025.
StepStone (STEP) FCF Payout Ratio (2019 - 2025) Analysis & Trends
StepStone has reported FCF Payout Ratio for 7 years, with the latest figure at 2.32 in Q4 2025.
- For the quarter ending Q4 2025, FCF Payout Ratio fell 458.47% year-over-year to 2.32; the trailing twelve-month figure through Dec 2025 stood at 1.53 (up 192.91% YoY), and the FY2025 full-year result was 1.27, up 162.72% from the prior year.
- FCF Payout Ratio for Q4 2025 stood at 2.32, down from 3.89 in the prior quarter.
- The five-year high for FCF Payout Ratio was 12.48 in Q1 2023, with the low at 2.32 in Q4 2025.
- Historically, FCF Payout Ratio has averaged 1.26 across 5 years, with a median of 0.23 in 2025.
- Annual changes were most pronounced in 2022 — FCF Payout Ratio soared 4727.16% — and 2025, when it tumbled 458.47%.
- StepStone's FCF Payout Ratio stood at 0.06 in 2021, then soared by 4727.16% to 2.61 in 2022, then climbed by 0.03% to 2.61 in 2023, then plunged by 75.2% to 0.65 in 2024, then plunged by 458.47% to 2.32 in 2025.
- The last three FCF Payout Ratio figures came in at 2.32 (Q4 2025), 3.89 (Q3 2025), and 0.23 (Q2 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 0.37 |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 0.10 |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | 0.18 |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | -0.02 |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 0.34 |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | -0.45 |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 0.10 |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 0.21 |
| 10 | StepStone | 3.56 Bn | 4.40 Bn | - | -2.32 |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -2.32 |
| Sep 30, 2025 | 3.89 |
| Jun 30, 2025 | 0.23 |
| Mar 31, 2025 | -0.26 |
| Dec 31, 2024 | 0.65 |
| Sep 30, 2024 | 0.66 |
| Jun 30, 2024 | 0.11 |
| Mar 31, 2024 | 2.01 |
| Dec 31, 2023 | 2.61 |
| Sep 30, 2023 | -0.44 |
| Jun 30, 2023 | 0.57 |
| Mar 31, 2023 | 12.48 |
| Dec 31, 2022 | 2.61 |
| Sep 30, 2022 | 0.14 |
| Jun 30, 2022 | 0.21 |
| Mar 31, 2022 | 0.65 |
| Dec 31, 2021 | -0.06 |
| Sep 30, 2021 | 0.09 |
| Mar 31, 2021 | 0.08 |
| Dec 31, 2020 | 0.06 |