StepStone (STEP) FCF Payout Ratio (2020 - 2025)
StepStone's (STEP) quarterly FCF Payout Ratio came in at 0.83 in Q4 2025, up 28.26% on a YoY basis from 0.65 in Q4 2024, and down 40.0% quarter-over-quarter from 1.38 in Q3 2025.
Analysis
StepStone (STEP) FCF Payout Ratio (2020 - 2025) Analysis & Trends
StepStone (STEP) has reported FCF Payout Ratio for 6 consecutive years, with 0.83 the latest figure, recorded in Q4 2025.
- For the quarter ending Q4 2025, FCF Payout Ratio rose 28.26% year-over-year to 0.83; the trailing twelve-month figure through Dec 2025 stood at 6.05 (up 1054.89% YoY), and the FY2025 full-year result was 1.27, up 162.72% from the prior year.
- FCF Payout Ratio eased to 0.83 in Q4 2025 per STEP's latest filing, from 1.38 in the prior quarter.
- Across five years, FCF Payout Ratio topped out at 2.61 in Q4 2022 and bottomed at 4.21 in Q1 2023.
- Historically, FCF Payout Ratio has averaged 0.39 across 5 years, with a median of 0.31 in 2024.
- The sharpest annual moves came in 2022 and 2023: FCF Payout Ratio jumped 1220.31% in 2022, then sank 1571.6% in 2023.
- Over 5 years, FCF Payout Ratio stood at 0.2 in 2021, then surged by 1220.31% to 2.61 in 2022, then sank by 75.53% to 0.64 in 2023, then climbed by 1.35% to 0.65 in 2024, then climbed by 28.26% to 0.83 in 2025.
- According to Business Quant data, FCF Payout Ratio over the past three periods registered 0.83, 1.38, and 1.11 for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 101.10 Bn | 98.59 Bn | - | 0.80 |
| 2 | Kkr | 90.28 Bn | -186.79 Bn | - | 0.05 |
| 3 | Apollo Global Management | 76.79 Bn | 51.42 Bn | 10.54 Bn | 0.11 |
| 4 | Brookfield Asset Management | 75.78 Bn | 74.28 Bn | - | 1.50 |
| 5 | Wheaton Precious Metals | 69.07 Bn | 68.97 Bn | 687.86 Mn | 0.26 |
| 6 | Franco Nevada | 50.41 Bn | 48.86 Bn | 451.00 Mn | 0.17 |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | - |
| 8 | Ares Management | 29.86 Bn | 29.86 Bn | - | - |
| 9 | Carlyle | 15.50 Bn | 14.24 Bn | - | - |
| 10 | StepStone | 3.96 Bn | 3.05 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.83 |
| Sep 30, 2025 | 1.38 |
| Jun 30, 2025 | 1.11 |
| Mar 31, 2025 | -0.26 |
| Dec 31, 2024 | 0.65 |
| Sep 30, 2024 | 0.31 |
| Jun 30, 2024 | 0.48 |
| Mar 31, 2024 | 2.01 |
| Dec 31, 2023 | 0.64 |
| Sep 30, 2023 | 0.21 |
| Jun 30, 2023 | 0.57 |
| Mar 31, 2023 | -4.21 |
| Dec 31, 2022 | 2.61 |
| Sep 30, 2022 | 0.14 |
| Jun 30, 2022 | 0.21 |
| Mar 31, 2022 | 0.29 |
| Dec 31, 2021 | 0.20 |
| Sep 30, 2021 | 0.09 |
| Mar 31, 2021 | 0.08 |
| Dec 31, 2020 | 0.06 |