Evercore Inc.EVR
NYSE•Financial Services•Capital Markets
Evercore Inc., together with its subsidiaries, operates as an independent investment banking firm in the Americas, Europe, Middle East, Africa, and Asia-Pacific. The company operates through two segments, Investment Banking & Equities, and Investment Management. The Investment Banking & Equities segment offers strategic advisory services, such as mergers, and acquisitions, strategic, defense, and shareholder advisory, special committee assignments, and real estate strategic advisory; private capital advisory and fundraising, market risk management and hedging, private capital markets and debt advisory, liability management and restructuring, and equity capital markets execution and advisory services; and research, sales, and trading professionals services on a content-led platform to its institutional investor clients. The Investment Management segment provides wealth management services to high-net-worth individuals, foundations, and endowments. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.
Evercore Inc. (EVR) reported trailing twelve months revenue of $4.58B as of March 2026, a 47.3% increase year-over-year. Quarterly revenue reached $1.40B, reflecting continued top-line momentum.
Evercore Inc. generated $746.97M in TTM net income, with quarterly EBITDA of $344.21M. The operating margin expanded from 16.0% to 23.7%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (23.7%) and net margin (21.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from 20.9% a year ago, signaling stronger bottom-line efficiency.
EVR trades at a P/E of 14.9x (below the broader market average) and a P/S of 2.4x. The price-to-book ratio of 6.2x indicates a significant premium over book value.
The company reported negative free cash flow of $-228.97M, indicating cash consumption over the period. The balance sheet shows $4.31B in total assets with $539.75M in long-term debt against $1.78B in stockholders equity for a debt-to-equity ratio of 0.3, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are expanding at ~19.6%, suggesting durable pricing power and cost discipline.
Consistently high ROE averaging 27.4% suggests a durable competitive advantage and efficient capital allocation.
6 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
TTM revenue has grown consistently (7 of 7 quarters up), with ~73.5% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 21 quarters
Margins are stable or improving at ~21.7% — no sign of cost or pricing stress.
FCF covers net income by 2.4x on average — earnings are well-supported by cash generation.
Debt-to-equity has risen 57.8% recently — increasing financial risk even if the current ratio is manageable.
Revenue is stable or growing over recent quarters — demand appears durable.
FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.
Share count is stable — no significant dilution or buyback activity.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation