Evercore Inc. EVR
Evercore is the leading independent investment banking firm in the world based on the dollar volume of announced worldwide merger and acquisition ("M&A") transactions on which we have advised in the last five years(1). When we use the term "independent investment banking firm," we mean an investment banking firm that directly, or through its affiliates, does not engage in commercial banking or significant proprietary trading activities. We were founded on the belief that there is an opportunity within the investment banking industry for a firm free of the potential conflicts of interest created within large, multi-product, capital intensive financial institutions. We believe that maintaining standards of excellence and integrity in our core businesses demands a spirit of cooperation and hands-on participation more commonly found in smaller organizations. Since our inception, we have set out to build—in the employees we choose and in the projects we undertake—an organization dedicated to the highest caliber of professionalism and integrity.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $3.88B | $3.00B | $2.44B | $2.78B | $3.31B | $2.29B | $2.03B | $2.08B | $1.72B | $1.46B |
| Total operating expenses | $3.07B | $2.45B | $2.07B | $2.07B | $2.19B | $1.74B | $1.57B | $1.52B | $1.28B | $1.18B |
| Interest expense | $24.3M | $16.8M | $16.7M | $16.9M | $17.6M | $21.4M | $20.1M | $17.8M | $20.0M | $16.7M |
| Pre-tax income | $793.8M | $533.1M | $365.8M | $704.0M | $1.12B | $540.8M | $448.7M | $551.4M | $437.6M | $267.8M |
| Income tax | $153.1M | $115.4M | $80.6M | $172.6M | $248.0M | $128.2M | $95.0M | $108.5M | $258.4M | $119.3M |
| Net income | $592.0M | $378.0M | $255.0M | $477.0M | $740.0M | $350.6M | $297.4M | $377.2M | $125.5M | $107.5M |
| EPS, basic | 15.29 | 9.86 | 6.71 | 12.15 | 18.48 | 8.64 | 7.44 | 9.29 | 3.16 | 2.74 |
| EPS, diluted | 14.05 | 9.08 | 6.37 | 11.61 | 17.08 | 8.22 | 6.89 | 8.33 | 2.80 | 2.43 |
| Shares, diluted (wtd. avg.) | $42.1M | $41.6M | $40.1M | $41.0M | $43.3M | $42.6M | $43.2M | $45.3M | $44.8M | $44.2M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.43B | $873.0M | $596.9M | $672.1M | $587.3M | $838.2M | $643.9M | $800.1M | $617.4M | $575.6M |
| Short-term investments | $1.58B | $1.52B | $1.44B | $1.43B | $1.78B | $1.06B | $623.9M | $304.6M | $128.6M | $66.5M |
| Total current assets | $3.86B | $2.99B | $2.61B | $2.71B | $2.80B | $2.37B | $1.69B | $1.48B | $1.00B | $925.6M |
| Property, plant and equipment | $190.1M | $144.8M | $137.9M | $143.3M | $148.6M | $148.8M | $126.8M | $81.1M | $68.6M | $51.7M |
| Goodwill | $230.8M | $124.5M | $125.5M | $123.3M | $128.2M | $129.1M | $130.8M | $131.4M | $134.2M | $161.0M |
| Other intangibles | $30.1M | $0 | — | $0 | $336.0K | $698.0K | $2.3M | $10.4M | $19.6M | $29.4M |
| Total assets | $5.36B | $4.17B | $3.70B | $3.62B | $3.80B | $3.37B | $2.60B | $2.13B | $1.58B | $1.66B |
| Accounts payable | $44.6M | $29.0M | $26.0M | $28.8M | $31.6M | $38.0M | $39.7M | $37.9M | $34.1M | $30.7M |
| Total current liabilities | $1.78B | $1.23B | $910.1M | $1.07B | $1.30B | $1.06B | $668.7M | $749.7M | $464.1M | $463.4M |
| Total liabilities | $3.04B | $2.23B | $1.92B | $1.89B | $2.17B | $1.88B | $1.47B | $1.12B | $788.5M | $879.0M |
| Retained earnings | $2.58B | $2.13B | $1.89B | $1.77B | $1.42B | $798.6M | $558.3M | $364.9M | $79.5M | $20.3M |
| Total equity | $2.03B | $1.71B | $1.78B | $1.73B | $1.64B | $1.49B | $1.13B | $1.01B | $796.4M | $783.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.26B | $988.2M | $458.0M | $531.4M | $1.38B | $978.4M | $504.7M | $849.6M | $507.2M | $421.9M |
| Depreciation and amortisation | $28.9M | $24.5M | $24.3M | $27.4M | $27.7M | $24.6M | $22.9M | $17.9M | $15.0M | $13.2M |
| Stock-based compensation | $675.1M | $569.7M | $515.4M | $467.3M | $422.2M | $367.4M | $360.3M | $293.5M | $230.3M | $258.3M |
| Capital expenditure | $74.0M | $30.1M | $20.0M | $23.2M | $28.0M | $53.3M | $70.8M | $33.3M | $31.3M | $18.4M |
| Investing cash flow | -$98.3M | -$67.4M | $15.6M | $313.3M | -$705.9M | -$483.9M | -$373.5M | -$212.6M | -$54.6M | -$46.2M |
| Financing cash flow | -$635.6M | -$628.6M | -$557.2M | -$735.6M | -$925.3M | -$307.8M | -$290.0M | -$452.9M | -$419.2M | -$238.0M |
| Dividends paid | $144.4M | $135.8M | $127.9M | $127.3M | $118.8M | $106.6M | $96.8M | $77.3M | $56.5M | $51.6M |
| Buybacks | $661.1M | $448.2M | $387.3M | $520.5M | $720.7M | $146.6M | $283.1M | $289.7M | $293.8M | $167.2M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-191911.
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