A Business at a Glance
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Evercore Inc.
EVR
$14.3B
Mkt Cap
$339.63
+1.44%
Evercore Inc. (EVR) has a current P/E ratio of 24.2, compared to its historical median P/E of 17.8. The stock is currently considered Fair based on its historical valuation range.
Evercore Inc. (EVR) has a 5-year average return on invested capital (ROIC) of 31.6%. This indicates strong capital allocation and a potential competitive advantage.
Evercore Inc. (EVR) has a market capitalization of $14.2B. It is classified as a large-cap stock.
Yes, Evercore Inc. (EVR) pays a dividend with a trailing twelve-month yield of 1.04%.
Based on historical P/E analysis, Evercore Inc. (EVR) appears fair. The current P/E of 24.2 is 36% above its historical median of 17.8. The estimated fair value CAGR (P/E method) is 2.6%.
Evercore Inc. (EVR) operates in the Investment Advice industry, within the Financials sector.
Evercore Inc. (EVR) reported annual revenue of $3.9 billion in its most recent fiscal year, based on SEC EDGAR filings.
Evercore is the leading independent investment banking firm globally, advising on merger and acquisition transactions without the conflicts inherent in large, multi-product financial institutions. The firm operates through two segments: Investment Banking & Equities, which generated 98% of revenues in 2025, and Investment Management. Investment Banking provides strategic advisory, mergers and acquisitions, liability management and restructuring, capital markets advisory, and private capital advisory services to financial sponsors and both public and private companies across diverse industry sectors and geographies. The Equities business generates commissions and related revenue from trading activity. The business model is advisory-driven and transaction-based, with revenues earned through fees on completed deals and ongoing advisory engagements rather than capital-intensive operations. Evercore's competitive moat derives from its independence, allowing unconflicted advice; its deep expertise across industry sectors and geographies; and its senior advisory talent, including 171 Investment Banking Senior Managing Directors and 39 Equities Senior Managing Directors as of December 2025. The firm serves large multinational corporations, financial sponsors, and public and private companies globally, with particular strength in advising on large and complex capital transactions and in serving private equity sponsors.
【Strong momentum into 2026】 Management entered 2026 with robust deal-making conditions supported by healthy strategic activity and continued engagement from both corporates and financial sponsors, with backlogs at record levels and replenishing at a healthy rate. CEO and boardroom confidence remain elevated, particularly around large-cap transactions, and financing markets are open. While geopolitical and macroeconomic uncertainty could extend transaction timelines, management believes underlying conditions for a strong M&A environment remain intact. The firm expects second quarter 2026 revenues to be closer to the record second quarter of 2025, with the first half reflecting continued strong performance. Management remains constructive on the business outlook and well-positioned to serve clients across a range of market environments, though compensation ratio improvement in 2026 is expected to be meaningfully more modest than improvements achieved in the prior two years.
No forward guidance provided.
Generated solely from the company's own reports listed below — not from third-party data. Hallucination risk is low. · Sources: 10-K, Q4 FY2025 Earnings Call, Q3 FY2025 Earnings Call
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 4.6B | 3.9B | 3.0B | 2.4B | 2.8B | 3.3B |
| Net Income | 747M | 592M | 378M | 255M | 477M | 740M |
| EPS | $17.82 | $14.05 | $9.08 | $6.37 | $11.61 | $17.08 |
| Free Cash Flow | 1.5B | 1.2B | 958M | 438M | 508M | 1.4B |
| ROIC | 0.0% | 29.7% | 23.0% | 16.1% | 32.2% | 57.2% |
| Gross Margin | - | - | - | - | - | - |
| Debt/Equity | 0.30 | 0.15 | 0.20 | 0.24 | 0.24 | 0.28 |
| Dividends/Share | $3.53 | $3.32 | $3.16 | $3.00 | $2.84 | $2.65 |
| Operating Income | 0 | 794M | 533M | 366M | 704M | 1.1B |
| Operating Margin | 0.0% | 20.5% | 17.8% | 15.0% | 25.3% | 33.8% |
| ROE | 41.9% | 31.7% | 23.0% | 16.4% | 33.4% | 58.0% |
| Shares Outstanding | 42M | 42M | 42M | 40M | 41M | 43M |
| Metric | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | |||||||||||||
| Revenue | 931M | 1.2B | 1.5B | 1.7B | 2.1B | 2.0B | 2.3B | 3.3B | 2.8B | 2.4B | 3.0B | 3.9B | 4.6B |
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A | 550M | 788M | 901M | 963M | 1.2B | 1.2B | 1.4B | 1.8B | 1.7B | 1.7B | 2.0B | 2.5B | 2.9B |
| EBIT | 176M | 135M | 268M | 438M | 551M | 449M | 541M | 1.1B | 704M | 366M | 533M | 794M | 0 |
| Op. Margin | 18.9% | 10.9% | 18.4% | 25.4% | 26.5% | 22.1% | 23.7% | 33.8% | 25.3% | 15.0% | 17.8% | 20.5% | 0.0% |
| Net Income | 87M | 43M | 108M | 125M | 377M | 297M | 351M | 740M | 477M | 255M | 378M | 592M | 747M |
| Net Margin | 9.3% | 3.5% | 7.4% | 7.3% | 18.1% | 14.7% | 15.3% | 22.4% | 17.1% | 10.5% | 12.6% | 15.3% | 16.3% |
| Non-Recurring | 0 | 35M | 15M | 22M | 9.4M | 11M | -4.9M | 2.8M | 8.5M | 7.8M | 10M | 10.0M | 9.3M |
| Returns on Capital | |||||||||||||
| ROIC | 13.8% | 6.7% | 16.3% | 17.8% | 46.0% | 32.4% | 30.4% | 57.2% | 32.2% | 16.1% | 23.0% | 29.7% | 0.0% |
| ROE | 16.5% | 8.1% | 20.8% | 23.4% | 57.9% | 36.5% | 33.4% | 58.0% | 33.4% | 16.4% | 23.0% | 31.7% | 41.9% |
| ROA | 6.6% | 2.9% | 6.8% | 7.7% | 20.3% | 12.6% | 11.7% | 20.6% | 12.8% | 7.0% | 9.6% | 12.4% | 17.3% |
| Cash Flow | |||||||||||||
| Op. Cash Flow | 216M | 368M | 422M | 507M | 850M | 505M | 978M | 1.4B | 531M | 458M | 988M | 1.3B | 1.6B |
| Free Cash Flow | 202M | 351M | 403M | 476M | 816M | 434M | 925M | 1.4B | 508M | 438M | 958M | 1.2B | 1.5B |
| Owner Earnings | 96M | 150M | 150M | 262M | 538M | 121M | 586M | 935M | 37M | -82M | 394M | 552M | 807M |
| CapEx | 14M | 16M | 18M | 31M | 33M | 71M | 53M | 28M | 23M | 20M | 30M | 74M | 57M |
| Maint. CapEx | 8.3M | 10M | 13M | 15M | 18M | 23M | 25M | 28M | 27M | 24M | 24M | 29M | 50M |
| Growth CapEx | 5.3M | 5.7M | 5.3M | 16M | 15M | 48M | 29M | 234K | 0 | 0 | 5.6M | 45M | 7.1M |
| D&A | 8.3M | 10M | 13M | 15M | 18M | 23M | 25M | 28M | 27M | 24M | 24M | 29M | 50M |
| CapEx/OCF | 6.3% | 4.5% | 4.4% | 6.2% | 3.9% | 14.0% | 5.5% | 2.0% | 4.4% | 4.4% | 3.0% | 5.9% | 3.6% |
| Capital Allocation | |||||||||||||
| Dividends Paid | 39M | 46M | 52M | 57M | 77M | 97M | 107M | 119M | 127M | 128M | 136M | 144M | 148M |
| Dividend Yield | 2.2% | 2.5% | 2.7% | 2.0% | 2.1% | 3.1% | 4.2% | 2.2% | 3.1% | 2.6% | 1.5% | 1.3% | 1.0% |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 9.0% | 8.4% | 6.9% | 9.0% | 11.5% | 11.7% | 3.4% | 13.2% | 13.0% | 5.8% | 3.9% | 4.5% | 0.0% |
| Stock-Based Comp | 112M | 208M | 258M | 230M | 294M | 360M | 367M | 422M | 467M | 515M | 570M | 675M | 722M |
| Debt Repayment | 75M | 45M | 50M | 30M | 30M | 30M | 0 | 0 | 1.8M | 0 | 0 | 662K | 662K |
| Balance Sheet | |||||||||||||
| Net Debt | -174M | -286M | -407M | -540M | -897M | -1.0B | -1.6B | -2.0B | -1.7B | -1.7B | -2.1B | -2.7B | -1.5B |
| Cash & Equiv. | 352M | 449M | 559M | 610M | 791M | 634M | 830M | 578M | 663M | 597M | 873M | 1.4B | 2.0B |
| Long-Term Debt | 105M | 119M | 168M | 168M | 169M | 206M | 0 | 38M | 67M | 0 | 0 | 250M | 540M |
| Debt/Equity | 0.33 | 0.33 | 0.41 | 0.36 | 0.26 | 0.27 | 0.28 | 0.28 | 0.24 | 0.24 | 0.20 | 0.15 | 0.30 |
| Interest Coverage | 11.3 | 7.9 | 16.0 | 21.9 | 31.0 | 22.3 | 25.3 | 63.5 | 41.8 | 21.9 | 31.8 | 32.7 | 32.7 |
| Equity | 551M | 505M | 527M | 544M | 758M | 870M | 1.2B | 1.3B | 1.5B | 1.6B | 1.7B | 2.0B | 1.8B |
| Total Assets | 1.4B | 1.5B | 1.7B | 1.6B | 2.1B | 2.6B | 3.4B | 3.8B | 3.6B | 3.7B | 4.2B | 5.4B | 4.3B |
| Total Liabilities | 730M | 772M | 879M | 789M | 1.1B | 1.5B | 1.9B | 2.2B | 1.9B | 1.9B | 2.2B | 3.0B | 2.2B |
| Intangibles | 70M | 41M | 29M | 20M | 10M | 2.3M | 698K | 336K | 0 | N/A | 0 | 30M | 26M |
| Retained Earnings | -18M | -28M | 20M | 79M | 365M | 558M | 799M | 1.4B | 1.8B | 1.9B | 2.1B | 2.6B | 2.8B |
| Working Capital | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Assets | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Current Liabilities | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Per Share Data | |||||||||||||
| EPS | 2.08 | 0.98 | 2.43 | 2.80 | 8.33 | 6.89 | 8.22 | 17.08 | 11.61 | 6.37 | 9.08 | 14.05 | 17.82 |
| Owner EPS | 2.30 | 3.42 | 3.40 | 5.85 | 11.88 | 2.81 | 13.75 | 21.58 | 0.89 | -2.04 | 9.46 | 13.11 | 19.29 |
| Book Value | 13.20 | 11.54 | 11.92 | 12.14 | 16.74 | 20.15 | 28.86 | 30.47 | 37.44 | 39.32 | 40.99 | 48.22 | 42.58 |
| Cash Flow/Share | 5.17 | 8.41 | 9.53 | 11.32 | 18.76 | 11.69 | 22.94 | 31.96 | 12.95 | 11.42 | 23.72 | 29.82 | 19.05 |
| Dividends/Share | 1.03 | 1.15 | 1.27 | 1.42 | 1.90 | 2.24 | 2.35 | 2.65 | 2.84 | 3.00 | 3.16 | 3.32 | 3.53 |
| Shares Out. | 41.8M | 43.7M | 44.3M | 44.8M | 45.3M | 43.2M | 42.6M | 43.3M | 41.0M | 40.1M | 41.7M | 42.1M | 41.9M |
| Valuation | |||||||||||||
| P/E Ratio | 20.0 | 44.6 | 23.3 | 27.1 | 7.2 | 9.6 | 12.3 | 7.5 | 8.9 | 26.4 | 30.2 | 25.0 | 19.1 |
| P/FCF | 8.6 | 5.4 | 6.2 | 7.1 | 3.3 | 6.6 | 4.7 | 4.1 | 8.3 | 15.4 | 11.9 | 12.5 | 9.3 |
| EV/EBIT | 8.5 | 11.2 | 8.4 | 7.0 | 3.6 | 4.8 | 5.7 | 3.5 | 3.8 | 14.4 | 18.5 | 16.2 | N/A |
| Price/Book | 3.2 | 3.8 | 4.8 | 6.2 | 3.6 | 3.3 | 3.5 | 4.2 | 2.8 | 4.3 | 6.7 | 7.3 | 8.0 |
| Price/Sales | 1.9 | 1.5 | 1.3 | 1.7 | 1.8 | 1.5 | 1.1 | 1.6 | 1.5 | 2.0 | 3.1 | 3.0 | 3.1 |
| FCF Yield | 11.6% | 18.4% | 16.1% | 14.0% | 29.9% | 15.2% | 21.4% | 24.6% | 12.0% | 6.5% | 8.4% | 8.0% | 10.7% |
| Market Cap | 1.7B | 1.9B | 2.5B | 3.4B | 2.7B | 2.9B | 4.3B | 5.5B | 4.2B | 6.7B | 11.4B | 14.8B | 14.2B |
| Avg. Price | 41.50 | 41.74 | 42.44 | 63.89 | 81.73 | 72.40 | 60.13 | 124.18 | 100.46 | 124.50 | 219.57 | 273.76 | 339.63 |
| Year-End Price | 41.62 | 43.69 | 56.65 | 75.81 | 60.34 | 66.11 | 101.20 | 127.47 | 103.34 | 168.19 | 273.97 | 351.28 | 339.63 |
Evercore Inc. passes 5 of 9 quality checks, suggesting mixed fundamentals.
Evercore Inc. trades at 24.2x trailing earnings, compared to its 15-year median P/E of 17.8x, suggesting it is currently Fair relative to its historical range. On a free-cash-flow basis, the stock trades at 11.4x vs a median of 6.9x. The company's 5-year average ROIC is 31.6%. Total shareholder yield (dividends) is 1.0%. At current prices, the estimated annualized return to fair value is +1.5%.
Evercore Inc. (EVR) has a net profit margin of 15.3%. This is a healthy margin.
Evercore Inc. (EVR) generated $1.2 billion in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
Evercore Inc. (EVR) has a debt-to-equity ratio of 0.15. This indicates a conservatively financed balance sheet.
Evercore Inc. (EVR) reported earnings per share (EPS) of $14.05 in its most recent fiscal year.
Evercore Inc. (EVR) has a return on equity (ROE) of 31.7%. This indicates the company generates strong returns for shareholders.
The Ledger Terminal provides 16 years of financial data for Evercore Inc. (EVR), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Evercore Inc. (EVR) has a book value per share of $48.22, based on its most recent annual SEC filing.
Based on recent SEC filings and earnings disclosures, Management entered 2026 with robust deal-making conditions supported by healthy strategic activity and continued engagement from both corporates and financial sponsors, with backlogs at record levels and replenishing at a healthy rate. CEO and boardroom confidence remain elevated, particularly around large-cap transactions, and financing markets are open. While geopolitical and macroeconomic uncertainty could extend transaction timelines, management believes underlying conditions for a strong M&A environment remain intact. The firm expects second quarter 2026 revenues to be closer to the record second quarter of 2025, with the first half reflecting continued strong performance. Management remains constructive on the business outlook and well-positioned to serve clients across a range of market environments, though compensation ratio improvement in 2026 is expected to be meaningfully more modest than improvements achieved in the prior two years.