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| Date | Value |
|---|---|
| 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 |