StepStone (STEP) Free Cash Flow (2019 - 2025)
StepStone's (STEP) quarterly Free Cash Flow came in at $26.7 million in Q4 2025, down 1.08% YoY from $27.0 million in Q4 2024, and up 67.98% on a QoQ basis from $15.9 million in Q3 2025.
StepStone (STEP) Free Cash Flow (2019 - 2025) Analysis & Trends
StepStone (STEP) has 7 years of Free Cash Flow data on file, last reported at $26.7 million in 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 advanced to $26.7 million in Q4 2025, from $15.9 million in the prior quarter.
- In the past five years, Free Cash Flow ranged from a high of $86.5 million in Q3 2022 to a low of -$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 sank 1130.5%.
- Tracing STEP's Free Cash Flow over 5 years: 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.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Free Cash Flow (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 179.54 Bn | 165.67 Bn | - | 1.12 Bn |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 1.91 Bn |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 3.20 Bn |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | - |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 535.00 Mn |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 2.88 Bn |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | -3.00 Bn |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 2.85 Bn |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | -308.00 Mn |
| 10 | StepStone | 3.96 Bn | 3.06 Bn | - | - |
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 |