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| 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 |