StepStone (STEP) Free Cash Flow (2019 - 2025)

StepStone (STEP) reported Free Cash Flow of $26.7 million for Q4 2025, down 1.08% on a YoY basis from $27.0 million in Q4 2024, and up 67.98% quarter-over-quarter from $15.9 million in Q3 2025.

StepStone (STEP) Free Cash Flow (2019 - 2025) Analysis & Trends

StepStone has reported Free Cash Flow for 7 years, with the latest figure at $26.7 million in Q4 2025.

  • For the quarter ending Q4 2025, Free Cash Flow fell 1.08% year-over-year to $26.7 million; the trailing twelve-month figure through Dec 2025 stood at $18.6 million (down 86.27% YoY), and the FY2025 full-year result was $59.8 million, down 57.84% from the prior year.
  • Free Cash Flow for Q4 2025 stood at $26.7 million, up from $15.9 million in the prior quarter.
  • The five-year high for Free Cash Flow was $86.5 million in Q3 2022, with the low at -$69.2 million in Q1 2025.
  • Historically, Free Cash Flow has averaged $33.8 million across 5 years, with a median of $38.5 million in 2022.
  • Annual changes were most pronounced in 2021 — Free Cash Flow surged 1217.18% — and 2025, when it sank 1130.5%.
  • StepStone's Free Cash Flow stood at $46.2 million in 2021, then slumped by 89.32% to $4.9 million in 2022, then jumped by 327.68% to $21.1 million in 2023, then rose by 28.12% to $27.0 million in 2024, then declined by 1.08% to $26.7 million in 2025.
  • The last three Free Cash Flow figures came in at $26.7 million (Q4 2025), $15.9 million (Q3 2025), and $45.2 million (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 BlackRock 163.18 Bn 153.56 Bn - -1.09 Bn
2 Blackstone 96.85 Bn 95.80 Bn - 957.64 Mn
3 Kkr 86.45 Bn 133.96 Bn - 1.72 Bn
4 Apollo Global Management 82.30 Bn 101.04 Bn 5.04 Bn 1.62 Bn
5 State Street 46.95 Bn 21.27 Bn - -12.41 Bn
6 Ameriprise Financial 43.65 Bn 43.52 Bn 4.57 Bn 430.00 Mn
7 Northern Trust 31.92 Bn 31.92 Bn - -329.40 Mn
8 Raymond James Financial 30.62 Bn 19.37 Bn - 1.05 Bn
9 Ares Management 29.04 Bn 32.41 Bn - 390.87 Mn
10 StepStone 3.56 Bn 4.40 Bn - 26.73 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 26.73 Mn
Dec 31, 2025 26.73 Mn
Sep 30, 2025 15.91 Mn
Sep 30, 2025 15.91 Mn
Jun 30, 2025 45.19 Mn
Jun 30, 2025 45.19 Mn
Mar 31, 2025 -69.19 Mn
Mar 31, 2025 -69.19 Mn
Dec 31, 2024 27.02 Mn
Dec 31, 2024 27.02 Mn
Sep 30, 2024 52.40 Mn
Sep 30, 2024 52.40 Mn
Jun 30, 2024 49.60 Mn
Jun 30, 2024 49.60 Mn
Mar 31, 2024 6.71 Mn
Mar 31, 2024 6.71 Mn
Dec 31, 2023 21.09 Mn
Dec 31, 2023 21.09 Mn
Sep 30, 2023 64.28 Mn
Sep 30, 2023 64.28 Mn