StepStone (STEP) Net Margin (2019 - 2025)
StepStone (STEP) reported Net Margin of 126.7% for Q3 2025, down 14626.0% on a YoY basis from N/an in Q3 2024, and down 3742.65% quarter-over-quarter from 3.3% in Q2 2025.
StepStone (STEP) Net Margin (2019 - 2025) Analysis & Trends
StepStone has reported Net Margin for 7 years, with the latest figure at 126.7% in Q3 2025.
- For the quarter ending Q3 2025, Net Margin fell 14626.0% year-over-year to 126.7%; the trailing twelve-month figure through Sep 2025 stood at 56.11% (down 7544.0% YoY), and the FY2025 full-year result was 14.71%, down 3829.0% from the prior year.
- Net Margin for Q3 2025 stood at 126.7%, down from 3.3% in the prior quarter.
- The five-year high for Net Margin was 45.38% in Q3 2021, with the low at 320.07% in Q4 2022.
- Historically, Net Margin has averaged 25.25% across 5 years, with a median of 19.56% in 2024.
- Annual changes were most pronounced in 2022 — Net Margin sank 35084 bps — and 2023, when it surged 15980 bps.
- StepStone's Net Margin stood at 30.77% in 2021, then tumbled by 1140 bps to 320.07% in 2022, then soared by 50 bps to 160.27% in 2023, then jumped by 47 bps to 84.7% in 2024, then plunged by 50 bps to 126.7% in 2025.
- The last three Net Margin figures came in at 126.7% (Q3 2025), 3.3% (Q2 2025), and 3.48% (Q1 2025), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - | 34.73% |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - | 34.77% |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - | 8.45% |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn | -38.15% |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - | 18.57% |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn | 18.73% |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - | 37.97% |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - | 12.72% |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - | 8.40% |
| 10 | StepStone | 3.56 Bn | 4.40 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Sep 30, 2025 | -126.70% |
| Jun 30, 2025 | -3.30% |
| Mar 31, 2025 | 3.48% |
| Dec 31, 2024 | -84.70% |
| Sep 30, 2024 | 19.56% |
| Jun 30, 2024 | 25.78% |
| Mar 31, 2024 | 23.13% |
| Dec 31, 2023 | -160.27% |
| Sep 30, 2023 | 30.95% |
| Jun 30, 2023 | 27.78% |
| Mar 31, 2023 | -32.96% |
| Dec 31, 2022 | -320.07% |
| Sep 30, 2022 | -42.31% |
| Jun 30, 2022 | -27.81% |
| Mar 31, 2022 | 28.41% |
| Dec 31, 2021 | 30.77% |
| Sep 30, 2021 | 45.38% |
| Jun 30, 2021 | 41.00% |
| Mar 31, 2021 | 42.11% |
| Dec 31, 2020 | 43.45% |