StepStone (STEP) Invested Capital (2020 - 2026)
StepStone's (STEP) quarterly Invested Capital came in at $1.6 billion in Q1 2026, down 2.24% on a YoY basis from $1.7 billion in Q1 2025, and up 1594.45% quarter-over-quarter from -$108.5 million in Q4 2025.
Analysis
StepStone (STEP) Invested Capital (2020 - 2026) Analysis & Trends
StepStone (STEP) has reported Invested Capital for 7 consecutive years, with $1.6 billion the latest figure, recorded in Q1 2026.
- For the quarter ending Q1 2026, Invested Capital fell 2.24% year-over-year to $1.6 billion; the trailing twelve-month figure through Mar 2026 stood at $1.6 billion (down 2.24% YoY), and the FY2026 full-year result was $1.6 billion, down 2.24% from the prior year.
- Invested Capital climbed to $1.6 billion in Q1 2026 per STEP's latest filing, from -$108.5 million in the prior quarter.
- Across five years, Invested Capital topped out at $2.0 billion in Q2 2024 and bottomed at -$108.5 million in Q4 2025.
- Historically, Invested Capital has averaged $1.6 billion across 5 years, with a median of $1.7 billion in 2023.
- The sharpest annual moves came in 2022 and 2025: Invested Capital surged 186.07% in 2022, then sank 106.7% in 2025.
- Over 5 years, Invested Capital stood at $1.7 billion in 2022, then grew by 1.48% to $1.7 billion in 2023, then decreased by 5.51% to $1.6 billion in 2024, then tumbled by 106.7% to -$108.5 million in 2025, then surged by 1594.45% to $1.6 billion in 2026.
- According to Business Quant data, Invested Capital over the past three periods registered $1.6 billion, -$108.5 million, and $816.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Invested Cap. (Qtr) |
|---|---|---|---|---|---|
| 1 | Blackstone | 101.10 Bn | 98.59 Bn | - | 34.26 Bn |
| 2 | Kkr | 90.28 Bn | -186.79 Bn | - | - |
| 3 | Apollo Global Management | 76.79 Bn | 51.42 Bn | 10.54 Bn | 55.21 Bn |
| 4 | Brookfield Asset Management | 75.78 Bn | 74.28 Bn | - | 12.65 Bn |
| 5 | Wheaton Precious Metals | 69.07 Bn | 68.97 Bn | 687.86 Mn | 11.67 Bn |
| 6 | Franco Nevada | 50.41 Bn | 48.86 Bn | 451.00 Mn | - |
| 7 | Brookfield | 37.98 Bn | 7.42 Bn | 19.38 Bn | 18.80 Bn |
| 8 | Ares Management | 29.86 Bn | 29.86 Bn | - | 13.18 Bn |
| 9 | Carlyle | 15.50 Bn | 14.24 Bn | - | 10.21 Bn |
| 10 | StepStone | 3.96 Bn | 3.05 Bn | - | 1.62 Bn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Mar 31, 2026 | 1.62 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 |
| Mar 31, 2021 | 659.69 Mn |