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StepStone (STEP) FCF Payout Ratio (2019 - 2025)

StepStone posted quarterly FCF Payout Ratio of 2.32 for Q4 2025, down 458.47% year-on-year from 0.65 in Q4 2024, and down 159.55% on a QoQ basis from 3.89 in Q3 2025.

StepStone (STEP) has 7 years of FCF Payout Ratio data on file, last reported 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.
  • Across five years, FCF Payout Ratio topped out at 12.48 in Q1 2023 and bottomed at 2.32 in Q4 2025.
  • The 5-year median for FCF Payout Ratio is 0.23 (2025), against an average of 1.26.
  • The widest annual swing landed in 2022, when FCF Payout Ratio soared 4727.16%; it then sank 458.47% in 2025.
  • A 5-year view of FCF Payout Ratio shows it stood at 0.06 in 2021, then jumped by 4727.16% to 2.61 in 2022, then grew by 0.03% to 2.61 in 2023, then tumbled by 75.2% to 0.65 in 2024, then tumbled 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.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) FCF Cover (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - -
2 Blackstone 92.68 Bn 91.63 Bn - 0.37
3 Kkr 84.94 Bn 132.45 Bn - 0.10
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 2.44
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 0.18
6 State Street 44.42 Bn 18.75 Bn - -0.02
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 0.34
8 Northern Trust 31.21 Bn 31.21 Bn - -0.45
9 Ares Management 28.85 Bn 32.22 Bn - 0.21
10 StepStone 3.79 Bn 4.63 Bn - -2.32

Historic Data

Download Data 🔒
DateValue
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
Sep 30, 2020 2.39
Jun 30, 2020 0.12
Mar 31, 2020 -29.33
Dec 31, 2019 -3.57