Growth Metrics

StepStone (STEP) Invested Capital (2019 - 2025)

StepStone posted quarterly Invested Capital of $609.9 million for Q4 2025, down 62.33% year-on-year from $1.6 billion in Q4 2024, and down 25.32% on a QoQ basis from $816.7 million in Q3 2025.

StepStone (STEP) has 7 years of Invested Capital data on file, last reported at $609.9 million in Q4 2025.

  • For the quarter ending Q4 2025, Invested Capital fell 62.33% year-over-year to $609.9 million; the trailing twelve-month figure through Dec 2025 stood at $609.9 million (down 62.33% YoY), and the FY2025 full-year result was $448.6 million, down 75.12% from the prior year.
  • Invested Capital for Q4 2025 stood at $609.9 million, down from $816.7 million in the prior quarter.
  • Across five years, Invested Capital topped out at $2.0 billion in Q2 2024 and bottomed at $448.6 million in Q1 2025.
  • The 5-year median for Invested Capital is $1.7 billion (2023), against an average of $1.5 billion.
  • The widest annual swing landed in 2021, when Invested Capital jumped 6359889.66%; it then sank 75.12% in 2025.
  • A 5-year view of Invested Capital shows it stood at $1.9 billion in 2021, then dropped by 10.23% to $1.7 billion in 2022, then increased by 1.48% to $1.7 billion in 2023, then decreased by 5.51% to $1.6 billion in 2024, then plunged by 62.33% to $609.9 million in 2025.
  • The last three Invested Capital figures came in at $609.9 million (Q4 2025), $816.7 million (Q3 2025), and $1.5 billion (Q2 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 BlackRock 158.51 Bn 148.89 Bn - 69.22 Bn
2 Blackstone 92.68 Bn 91.63 Bn - 8.37 Bn
3 Kkr 84.94 Bn 132.45 Bn - 30.50 Bn
4 Brookfield Asset Management 77.34 Bn 77.68 Bn - 8.59 Bn
5 Apollo Global Management 76.27 Bn 95.00 Bn 5.04 Bn 53.75 Bn
6 State Street 44.42 Bn 18.75 Bn - -
7 Ameriprise Financial 41.68 Bn 41.55 Bn 4.57 Bn 8.75 Bn
8 Northern Trust 31.21 Bn 31.21 Bn - 12.99 Bn
9 Ares Management 28.85 Bn 32.22 Bn - 12.75 Bn
10 StepStone 3.79 Bn 4.63 Bn - 609.92 Mn

Historic Data

Download Data 🔒
DateValue
Dec 31, 2025 609.92 Mn
Sep 30, 2025 816.71 Mn
Jun 30, 2025 1.50 Bn
Mar 31, 2025 448.62 Mn
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
Jun 30, 2021 761.14 Mn
Mar 31, 2021 659.69 Mn
Dec 31, 2020 534.14 Mn
Sep 30, 2020 29,000.00
Jun 30, 2020 156.06 Mn
Mar 31, 2020 359.33 Mn
Dec 31, 2019 207.99 Mn
Sep 30, 2019 196.82 Mn