StepStone (STEP) Operating Leases (2021 - 2025)
StepStone (STEP) reported Operating Leases of $106.5 million for Q4 2025, down 5.06% on a YoY basis from $112.2 million in Q4 2024, and down 2.71% quarter-over-quarter from $109.5 million in Q3 2025.
StepStone (STEP) Operating Leases (2021 - 2025) Analysis & Trends
StepStone has reported Operating Leases for 5 years, with the latest figure at $106.5 million in Q4 2025.
- For the quarter ending Q4 2025, Operating Leases fell 5.06% year-over-year to $106.5 million; the trailing twelve-month figure through Dec 2025 stood at $106.5 million (down 5.06% YoY), and the FY2025 full-year result was $113.5 million, down 5.19% from the prior year.
- Operating Leases for Q4 2025 stood at $106.5 million, down from $109.5 million in the prior quarter.
- The five-year high for Operating Leases was $124.3 million in Q4 2022, with the low at $71.0 million in Q1 2022.
- Historically, Operating Leases has averaged $103.1 million across 5 years, with a median of $112.5 million in 2025.
- Annual changes were most pronounced in 2023 — Operating Leases jumped 70.82% — and 2025, when it decreased 5.84%.
- StepStone's Operating Leases stood at $73.4 million in 2021, then surged by 69.29% to $124.3 million in 2022, then fell by 4.73% to $118.4 million in 2023, then retreated by 5.29% to $112.2 million in 2024, then retreated by 5.06% to $106.5 million in 2025.
- The last three Operating Leases figures came in at $106.5 million (Q4 2025), $109.5 million (Q3 2025), and $112.5 million (Q2 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) |
|---|---|---|---|---|
| 1 | BlackRock | 163.18 Bn | 153.56 Bn | - |
| 2 | Blackstone | 96.85 Bn | 95.80 Bn | - |
| 3 | Kkr | 86.45 Bn | 133.96 Bn | - |
| 4 | Apollo Global Management | 82.30 Bn | 101.04 Bn | 5.04 Bn |
| 5 | State Street | 46.95 Bn | 21.27 Bn | - |
| 6 | Ameriprise Financial | 43.65 Bn | 43.52 Bn | 4.57 Bn |
| 7 | Northern Trust | 31.92 Bn | 31.92 Bn | - |
| 8 | Raymond James Financial | 30.62 Bn | 19.37 Bn | - |
| 9 | Ares Management | 29.04 Bn | 32.41 Bn | - |
| 10 | StepStone | 3.56 Bn | 4.40 Bn | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | 106.50 Mn |
| Sep 30, 2025 | 109.46 Mn |
| Jun 30, 2025 | 112.48 Mn |
| Mar 31, 2025 | 113.52 Mn |
| Dec 31, 2024 | 112.18 Mn |
| Sep 30, 2024 | 116.25 Mn |
| Jun 30, 2024 | 118.07 Mn |
| Mar 31, 2024 | 119.74 Mn |
| Dec 31, 2023 | 118.44 Mn |
| Sep 30, 2023 | 119.12 Mn |
| Jun 30, 2023 | 116.18 Mn |
| Mar 31, 2023 | 121.22 Mn |
| Dec 31, 2022 | 124.32 Mn |
| Sep 30, 2022 | 72.08 Mn |
| Jun 30, 2022 | 83.27 Mn |
| Mar 31, 2022 | 70.97 Mn |
| Dec 31, 2021 | 73.44 Mn |
| Sep 30, 2021 | 75.81 Mn |
| Jun 30, 2021 | 75.51 Mn |