StepStone (STEP) Free Cash Flow (2019 - 2025)
StepStone (STEP) posted Free Cash Flow of $26.73 million for fiscal Q3 2026 (quarter ended Dec 31, 2025), down 1.1% from $27.02 million a year earlier but up 68.0% from the prior quarter.
Powered by 
Analysis
StepStone (STEP) Free Cash Flow (2019 - 2025) Analysis & Trends
For the trailing twelve months through Dec 31, 2025, Free Cash Flow at StepStone was $18.64 million, down 86.3% year-over-year; for FY2025 (ended Mar 31, 2025), it came in at $59.83 million, down 57.8% from FY2024.
- Annual Free Cash Flow has declined for three consecutive fiscal years, with a five-year compound annual growth rate of -1.7% (FY2020 to FY2025).
- In prior fiscal years, StepStone's Free Cash Flow was $141.92 million in FY2024 (-2.5%), $145.56 million in FY2023 (-31.4%), $212.18 million in FY2022 (+43.3%) and $148.04 million in FY2021 (+127.4%).
- Quarterly Free Cash Flow has run from a low of -$69.19 million in fiscal Q4 2025 to a high of $86.49 million in fiscal Q2 2023 over five years.
- On a year-over-year basis, Free Cash Flow has declined in each of the last three quarters, with an average decline of 11.7% over the last six quarters.
- The strongest year-over-year quarter for Free Cash Flow in the past five years was fiscal Q3 2024, with growth of 327.7%; the weakest was fiscal Q3 2023, with a decline of 89.3%.
- According to Business Quant data, Free Cash Flow for the three prior fiscal quarters was $15.91 million (Q2 2026), $45.19 million (Q1 2026) and -$69.19 million (Q4 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | FCF (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 165.57 Bn | 111.92 Bn | - | 1.12 Bn |
| 2 | Spdr Gold Trust | 134.78 Bn | -423.22 Bn | - | - |
| 3 | Blackstone | 85.82 Bn | 80.74 Bn | - | 1.91 Bn |
| 4 | Kkr | 83.68 Bn | 50.16 Bn | - | 3.20 Bn |
| 5 | Brookfield | 82.01 Bn | -83.38 Bn | 4.47 Bn | - |
| 6 | Brookfield Asset Management | 71.83 Bn | 68.08 Bn | - | 535.00 Mn |
| 7 | Apollo Global Management | 68.53 Bn | 6.22 Bn | 10.56 Bn | 2.88 Bn |
| 8 | Wheaton Precious Metals | 61.44 Bn | 56.87 Bn | 687.86 Mn | 649.52 Mn |
| 9 | Franco Nevada | 47.81 Bn | 45.18 Bn | 451.00 Mn | 482.60 Mn |
| 10 | StepStone | 5.14 Bn | 4.44 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2025 | 26.73 Mn |
| Sep 30, 2025 | 15.91 Mn |
| Jun 30, 2025 | 45.19 Mn |
| Mar 31, 2025 | -69.19 Mn |
| Dec 31, 2024 | 27.02 Mn |
| Sep 30, 2024 | 52.40 Mn |
| Jun 30, 2024 | 49.60 Mn |
| Mar 31, 2024 | 6.71 Mn |
| Dec 31, 2023 | 21.09 Mn |
| Sep 30, 2023 | 64.28 Mn |
| Jun 30, 2023 | 49.83 Mn |
| Mar 31, 2023 | -2.99 Mn |
| Dec 31, 2022 | 4.93 Mn |
| Sep 30, 2022 | 86.49 Mn |
| Jun 30, 2022 | 57.13 Mn |
| Mar 31, 2022 | 31.84 Mn |
| Dec 31, 2021 | 46.16 Mn |
| Sep 30, 2021 | 59.64 Mn |
| Jun 30, 2021 | 74.54 Mn |
| Mar 31, 2021 | 28.75 Mn |
API Access
StepStone Free Cash Flow 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=free-cash-flow&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "free-cash-flow", "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=free-cash-flow&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();