StepStone (STEP) Net Margin (2019 - 2025)
StepStone's (STEP) quarterly Net Margin came in at 126.7% in Q3 2025, down 14626.0% YoY from N/an in Q3 2024, and down 3742.65% on a QoQ basis from 3.3% in Q2 2025.
StepStone (STEP) Net Margin (2019 - 2025) Analysis & Trends
StepStone (STEP) has 7 years of Net Margin data on file, last reported at 126.7% in Q3 2025.
- Quarterly Net Margin fell 14626.0% year-over-year to 126.7% in Q3 2025, while the trailing twelve-month figure through Sep 2025 was 56.11% (down 7544.0% YoY) and the FY2025 annual result came in at 14.71%, down 3829.0% from the prior year.
- Net Margin eased to 126.7% in Q3 2025, from 3.3% in the prior quarter.
- In the past five years, Net Margin ranged from a high of 45.38% in Q3 2021 to a low of 320.07% in Q4 2022.
- A 5-year average of 25.25% and a median of 19.56% in 2024 frame the typical range for Net Margin.
- Annual changes were most pronounced in 2022 — Net Margin sank 35084 bps — and 2023, when it surged 15980 bps.
- Tracing STEP's Net Margin over 5 years: 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 | 179.54 Bn | 165.67 Bn | - | 27.15% |
| 2 | Blackstone | 114.83 Bn | 112.32 Bn | - | 46.71% |
| 3 | Kkr | 97.26 Bn | -179.81 Bn | - | 11.53% |
| 4 | Brookfield | 93.07 Bn | 45.66 Bn | - | 1.88% |
| 5 | Brookfield Asset Management | 83.46 Bn | 81.96 Bn | - | 51.57% |
| 6 | Apollo Global Management | 78.41 Bn | 53.04 Bn | 10.54 Bn | 11.98% |
| 7 | State Street | 51.66 Bn | 51.66 Bn | - | 25.35% |
| 8 | Ameriprise Financial | 51.12 Bn | 40.07 Bn | 4.72 Bn | 22.20% |
| 9 | Raymond James Financial | 33.99 Bn | 20.74 Bn | - | 13.64% |
| 10 | StepStone | 3.96 Bn | 3.06 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% |