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

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

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

StepStone's Free Cash Flow history runs 7 years deep, the most recent figure standing at $26.7 million for Q4 2025.

  • Quarterly Free Cash Flow fell 1.08% year-over-year to $26.7 million in Q4 2025, while the trailing twelve-month figure through Dec 2025 was $18.6 million (down 86.27% YoY) and the FY2025 annual result came in at $59.8 million, down 57.84% from the prior year.
  • Free Cash Flow was $26.7 million for Q4 2025 at StepStone, up from $15.9 million in the prior quarter.
  • Across five years, Free Cash Flow topped out at $86.5 million in Q3 2022 and bottomed at -$69.2 million in Q1 2025.
  • A 5-year average of $33.8 million and a median of $38.5 million in 2022 frame the typical range for Free Cash Flow.
  • Annual changes were most pronounced in 2021 — Free Cash Flow surged 1217.18% — and 2025, when it plunged 1130.5%.
  • StepStone's Free Cash Flow stood at $46.2 million in 2021, then plunged by 89.32% to $4.9 million in 2022, then soared by 327.68% to $21.1 million in 2023, then advanced by 28.12% to $27.0 million in 2024, then retreated by 1.08% to $26.7 million in 2025.
  • Business Quant data shows STEP's Free Cash Flow at $26.7 million in Q4 2025, $15.9 million in Q3 2025, and $45.2 million in Q2 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Free Cash Flow (Qtr)
1 Brookfield 1,236.60 Bn 1,311.20 Bn 18.56 Bn -
2 BlackRock 161.01 Bn 148.08 Bn - -1.09 Bn
3 Blackstone 97.77 Bn 96.72 Bn - 957.64 Mn
4 Apollo Global Management 70.80 Bn 90.38 Bn -409.00 Mn 1.62 Bn
5 State Street 51.30 Bn 51.30 Bn - -12.41 Bn
6 Ameriprise Financial 48.54 Bn 39.27 Bn 4.57 Bn 430.00 Mn
7 Northern Trust 32.93 Bn 32.93 Bn - -329.40 Mn
8 Raymond James Financial 32.59 Bn 17.67 Bn - 1.05 Bn
9 Price T Rowe 24.70 Bn 21.13 Bn - 762.30 Mn
10 StepStone 3.23 Bn 3.12 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