StepStone (STEP) Free Cash Flow (2019 - 2025)
StepStone posted quarterly Free Cash Flow of $26.7 million for Q4 2025, down 1.08% year-on-year from $27.0 million in Q4 2024, and up 67.98% on a QoQ basis from $15.9 million in Q3 2025.
StepStone (STEP) has 7 years of Free Cash Flow data on file, last reported 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.
- Across five years, Free Cash Flow topped out at $86.5 million in Q3 2022 and bottomed at -$69.2 million in Q1 2025.
- The 5-year median for Free Cash Flow is $38.5 million (2022), against an average of $33.8 million.
- The widest annual swing landed in 2021, when Free Cash Flow surged 1217.18%; it then tumbled 1130.5% in 2025.
- A 5-year view of Free Cash Flow shows it stood at $46.2 million in 2021, then sank by 89.32% to $4.9 million in 2022, then surged by 327.68% to $21.1 million in 2023, then gained by 28.12% to $27.0 million in 2024, then fell 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 | 158.51 Bn | 148.89 Bn | - | -1.09 Bn |
| 2 | Blackstone | 92.68 Bn | 91.63 Bn | - | 957.64 Mn |
| 3 | Kkr | 84.94 Bn | 132.45 Bn | - | 1.72 Bn |
| 4 | Brookfield Asset Management | 77.34 Bn | 77.68 Bn | - | 332.00 Mn |
| 5 | Apollo Global Management | 76.27 Bn | 95.00 Bn | 5.04 Bn | 1.62 Bn |
| 6 | State Street | 44.42 Bn | 18.75 Bn | - | -12.41 Bn |
| 7 | Ameriprise Financial | 41.68 Bn | 41.55 Bn | 4.57 Bn | 430.00 Mn |
| 8 | Northern Trust | 31.21 Bn | 31.21 Bn | - | -329.40 Mn |
| 9 | Ares Management | 28.85 Bn | 32.22 Bn | - | 390.87 Mn |
| 10 | StepStone | 3.79 Bn | 4.63 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 |
| Jun 30, 2023 | 49.83 Mn |
| Jun 30, 2023 | 49.83 Mn |
| Mar 31, 2023 | -2.99 Mn |
| Mar 31, 2023 | -2.99 Mn |
| Dec 31, 2022 | 4.93 Mn |
| Dec 31, 2022 | 4.93 Mn |
| Sep 30, 2022 | 86.49 Mn |
| Sep 30, 2022 | 86.49 Mn |
| Jun 30, 2022 | 57.13 Mn |
| Jun 30, 2022 | 57.13 Mn |
| Mar 31, 2022 | 31.84 Mn |
| Mar 31, 2022 | 31.84 Mn |
| Dec 31, 2021 | 46.16 Mn |
| Dec 31, 2021 | 46.16 Mn |
| Sep 30, 2021 | 59.64 Mn |
| Sep 30, 2021 | 59.64 Mn |
| Jun 30, 2021 | 74.54 Mn |
| Jun 30, 2021 | 74.54 Mn |
| Mar 31, 2021 | 28.75 Mn |
| Mar 31, 2021 | 28.75 Mn |
| Dec 31, 2020 | 37.18 Mn |
| Dec 31, 2020 | 37.18 Mn |
| Sep 30, 2020 | 53.54 Mn |
| Sep 30, 2020 | 53.54 Mn |
| Jun 30, 2020 | 28.58 Mn |
| Jun 30, 2020 | 28.58 Mn |
| Mar 31, 2020 | -2.57 Mn |
| Mar 31, 2020 | -2.57 Mn |
| Dec 31, 2019 | 21.16 Mn |
| Dec 31, 2019 | 21.16 Mn |