StepStone (STEP) Invested Capital (2020 - 2026)
StepStone (STEP) reported Invested Capital of $2.42 billion for fiscal Q1 2027 (quarter ended Jun 30, 2026), up 61.5% from $1.5 billion a year earlier and up 28.0% from the prior quarter.
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Analysis
StepStone (STEP) Invested Capital (2020 - 2026) Analysis & Trends
For FY2026 (ended Mar 31, 2026), StepStone posted Invested Capital of $1.89 billion, up 14.1% from FY2025.
- Invested Capital has a five-year compound annual growth rate of 23.5% (FY2021 to FY2026).
- By fiscal year, Invested Capital came in at $1.66 billion in FY2025 (-8.0%), $1.8 billion in FY2024 (+4.4%), $1.73 billion in FY2023 (-8.5%) and $1.89 billion in FY2022 (+186.1%).
- The fiscal Q1 2027 figure ranks as the highest quarterly Invested Capital in data going back to fiscal Q4 2020.
- Year over year, Invested Capital gained in three of the last seven quarters, with an average decline of 1.2%.
- The high point for year-over-year Invested Capital in five years was fiscal Q2 2022 (growth of 334.6%); the low point was fiscal Q2 2026 (a decline of 58.3%).
- Per Business Quant data, the three fiscal quarters before Q1 2027 came in at $1.89 billion (Q4 2026), -$108.55 million (Q3 2026) and $816.71 million (Q2 2026).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 188.61 Bn | 131.13 Bn | - | 76.67 Bn |
| 2 | Spdr Gold Trust | 137.36 Bn | -420.64 Bn | - | - |
| 3 | Blackstone | 99.44 Bn | 89.42 Bn | - | 34.26 Bn |
| 4 | Brookfield | 96.58 Bn | -86.73 Bn | - | 181.35 Bn |
| 5 | Kkr | 87.72 Bn | 7.87 Bn | - | 130.86 Bn |
| 6 | Brookfield Asset Management | 86.65 Bn | 81.46 Bn | - | 12.65 Bn |
| 7 | Apollo Global Management | 73.80 Bn | -12.36 Bn | 4.14 Bn | 50.90 Bn |
| 8 | Wheaton Precious Metals | 65.20 Bn | 60.63 Bn | 687.86 Mn | 11.68 Bn |
| 9 | Franco Nevada | 50.85 Bn | 48.21 Bn | 451.00 Mn | - |
| 10 | StepStone | 4.04 Bn | 1.47 Bn | - | 2.42 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.42 Bn |
| Mar 31, 2026 | 1.89 Bn |
| Dec 31, 2025 | -108.55 Mn |
| Sep 30, 2025 | 816.71 Mn |
| Jun 30, 2025 | 1.50 Bn |
| Mar 31, 2025 | 1.66 Bn |
| Dec 31, 2024 | 1.62 Bn |
| Sep 30, 2024 | 1.96 Bn |
| Jun 30, 2024 | 1.96 Bn |
| Mar 31, 2024 | 1.80 Bn |
| Dec 31, 2023 | 1.71 Bn |
| Sep 30, 2023 | 1.76 Bn |
| Jun 30, 2023 | 1.73 Bn |
| Mar 31, 2023 | 1.73 Bn |
| Dec 31, 2022 | 1.69 Bn |
| Sep 30, 2022 | 1.70 Bn |
| Jun 30, 2022 | 1.81 Bn |
| Mar 31, 2022 | 1.89 Bn |
| Dec 31, 2021 | 1.88 Bn |
| Sep 30, 2021 | 1.84 Bn |
API Access
StepStone Invested Capital API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=invested-capital&ticker=STEP&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "invested-capital", "ticker": "STEP", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=invested-capital&ticker=STEP&period=max&api_key=YOUR_API_KEY");
const data = await res.json();