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

StepStone's (STEP) quarterly FCF Payout Ratio came in at 0.0 in Q4 2025, down 100.33% on a QoQ basis from 0.23 in Q2 2025.

StepStone (STEP) FCF Payout Ratio (2019 - 2025) Analysis & Trends

StepStone (STEP) has 7 years of FCF Payout Ratio data on file, last reported at 0.0 in Q4 2025.

Quarterly FCF Payout Ratio changed N/A year-over-year to 0.0 in Q4 2025, while the trailing twelve-month figure through Dec 2025 was 4.33 (up 1286.24% YoY) and the FY2025 annual result came in at 1.27, changed N/A from the prior year.
FCF Payout Ratio fell to 0.0 in Q4 2025, from 0.23 in the prior quarter.
In the past five years, FCF Payout Ratio ranged from a high of 2.61 in Q4 2023 to a low of 8.19 in Q1 2024.
A 5-year average of 0.41 and a median of 0.11 in 2022 frame the typical range for FCF Payout Ratio.
Annual changes were most pronounced in 2022 — FCF Payout Ratio surged 744.23% — and 2023, when it slumped 744.09%.
Tracing STEP's FCF Payout Ratio over 5 years: stood at 0.05 in 2021, then soared by 5003.95% to 2.61 in 2022, then climbed by 0.03% to 2.61 in 2023, then tumbled by 113.47% to 0.35 in 2024, then surged by 99.79% to 0.0 in 2025.
The last three FCF Payout Ratio figures came in at 0.0 (Q4 2025), 0.23 (Q2 2025), and 1.02 (Q1 2025), per Business Quant data.

#	Company	Market Cap	Enterprise Value	Gross Profit (Qtr)	FCF Cover (Qtr)
1	BlackRock	178.84 Bn	164.97 Bn	-	0.83
2	Blackstone	114.98 Bn	112.47 Bn	-	0.80
3	Kkr	97.57 Bn	-179.51 Bn	-	0.05
4	Brookfield	93.50 Bn	46.10 Bn	-	-
5	Brookfield Asset Management	83.79 Bn	82.29 Bn	-	1.50
6	Apollo Global Management	78.69 Bn	53.32 Bn	10.54 Bn	0.11
7	State Street	51.58 Bn	51.58 Bn	-	-0.10
8	Ameriprise Financial	51.32 Bn	40.27 Bn	4.72 Bn	0.05
9	Raymond James Financial	34.01 Bn	20.76 Bn	-	-0.34
10	StepStone	3.99 Bn	3.09 Bn	-	-

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