StepStone (STEP) Intangibles (2020 - 2025)
StepStone (STEP) reported Intangibles of $233.3 million for Q4 2025, down 14.91% on a YoY basis from $274.1 million in Q4 2024, and down 4.19% quarter-over-quarter from $243.5 million in Q3 2025.
StepStone (STEP) Intangibles (2020 - 2025) Analysis & Trends
StepStone has reported Intangibles for 6 years, with the latest figure at $233.3 million in Q4 2025.
- For the quarter ending Q4 2025, Intangibles fell 14.91% year-over-year to $233.3 million; the trailing twelve-month figure through Dec 2025 stood at $233.3 million (down 14.91% YoY), and the FY2025 full-year result was $263.9 million, down 13.45% from the prior year.
- Intangibles for Q4 2025 stood at $233.3 million, down from $243.5 million in the prior quarter.
- The five-year high for Intangibles was $420.1 million in Q3 2021, with the low at $4.9 million in Q2 2021.
- Historically, Intangibles has averaged $293.3 million across 5 years, with a median of $310.1 million in 2023.
- Annual changes were most pronounced in 2021 — Intangibles plunged 37.81% — and 2022, when it jumped 7851.85%.
- StepStone's Intangibles stood at $409.2 million in 2021, then slipped by 10.67% to $365.5 million in 2022, then dropped by 13.74% to $315.3 million in 2023, then slipped by 13.06% to $274.1 million in 2024, then slipped by 14.91% to $233.3 million in 2025.
- The last three Intangibles figures came in at $233.3 million (Q4 2025), $243.5 million (Q3 2025), and $253.7 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 20.43 Bn |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 122.32 Mn |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 5.93 Bn |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | - |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | - |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 777.40 Mn |
| 10 | StepStone | 3.56 Bn | 4.40 Bn | - | 233.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 233.25 Mn |
| Sep 30, 2025 | 243.46 Mn |
| Jun 30, 2025 | 253.67 Mn |
| Mar 31, 2025 | 263.87 Mn |
| Dec 31, 2024 | 274.12 Mn |
| Sep 30, 2024 | 284.37 Mn |
| Jun 30, 2024 | 294.62 Mn |
| Mar 31, 2024 | 304.87 Mn |
| Dec 31, 2023 | 315.30 Mn |
| Sep 30, 2023 | 333.32 Mn |
| Jun 30, 2023 | 343.98 Mn |
| Mar 31, 2023 | 354.65 Mn |
| Dec 31, 2022 | 365.52 Mn |
| Sep 30, 2022 | 376.39 Mn |
| Jun 30, 2022 | 387.26 Mn |
| Mar 31, 2022 | 398.13 Mn |
| Dec 31, 2021 | 409.17 Mn |
| Sep 30, 2021 | 420.13 Mn |
| Jun 30, 2021 | 4.87 Mn |
| Mar 31, 2021 | 5.49 Mn |