StepStone (STEP) FCF Payout Ratio (2021 - 2025)
StepStone's (STEP) FCF Payout Ratio was 0.83 for fiscal Q3 2026 (quarter ended Dec 31, 2025), up 28.3% from 0.65 a year earlier but down 40.0% from the prior quarter.
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Analysis
StepStone (STEP) FCF Payout Ratio (2021 - 2025) Analysis & Trends
Over the twelve months ended Dec 31, 2025, StepStone's FCF Payout Ratio came in at 6.05; for FY2025 (ended Mar 31, 2025), it was 1.27, up 162.7% from FY2024.
- FCF Payout Ratio has increased for four consecutive fiscal years.
- By fiscal year, FCF Payout Ratio came in at 0.48 in FY2024 (+40.5%), 0.34 in FY2023 (+205.1%), 0.11 in FY2022 (+713.7%) and 0.01 in FY2021.
- Five-year quarterly FCF Payout Ratio spans a low of 0.07 in fiscal Q4 2021 and a high of 2.61 in fiscal Q3 2023.
- Year over year, FCF Payout Ratio has now increased in each of the last three quarters, with growth averaging 90.2% over the last six quarters.
- The high point for year-over-year FCF Payout Ratio in five years was fiscal Q2 2026 (growth of 344.2%); the low point was fiscal Q3 2024 (a decline of 75.5%).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 0.83 |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 0.80 |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 0.05 |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | - |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | - |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 0.12 |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 0.26 |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 0.17 |
| 10 | StepStone | 5.14 Bn | 4.44 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 0.83 |
| Sep 30, 2025 | 1.38 |
| Jun 30, 2025 | 1.11 |
| 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 |
| 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 | 0.07 |
API Access
StepStone FCF Payout Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "fcf-payout-ratio", "ticker": "STEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=fcf-payout-ratio&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();