Evercore Inc. EVR

Financials SIC 6282 - Investment Advice NAICS Finance and Insurance › Securities, Commodity Contracts, and Other Financial Investments and Related Activities › Other Financial Investment Activities › Portfolio Management and Investment Advice derived NYSE

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.

Last close 251.88 2026-10-23
Market cap $9.73B estimated share count
52-week range 245.47 - 388.71

Valuation FY2025 figures against the last close

P/S2.5x
P/E17.9x
P/FCF8.2x
EV/EBITDA—
Dividend yield1.5%
Diluted EPS14.05

Where the revenue comes from as reported in the latest 10-K

Revenue by segment

  • Investment Banking & Equities
  • Investment Management
Revenue by segment, 2 categories over 3 years. The same figures are in the table below. FY2025 Investment Banking & Equities, FY2025: 3.8B (97.7%) 98% Investment Banking & Equities Investment Management, FY2025: 88.2M (2.3%) FY2024 Investment Banking & Equities, FY2024: 2.9B (97.3%) 97% Investment Management, FY2024: 81.1M (2.7%) FY2023 Investment Banking & Equities, FY2023: 2.4B (97.1%) 97% Investment Management, FY2023: 70M (2.9%)
Segment FY2025FY2024FY2023
Investment Banking & Equities $3.77B $2.90B $2.36B
Investment Management $88.2M $81.1M $70.0M

As the company reported it, from the “Segment Operating Results - Segment Contribution (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Segments are the filer's own reporting structure, which is a decision about how it runs itself rather than a standard taxonomy: two companies in the same industry routinely divide themselves along different lines, so these are worth reading down a single company rather than across two. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 15.299.866.7112.1518.488.647.449.293.162.74
EPS, diluted 14.059.086.3711.6117.088.226.898.332.802.43
Shares, diluted (wtd. avg.) 42.1M41.6M40.1M41.0M43.3M42.6M43.2M45.3M44.8M44.2M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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 FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
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.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 1B 2B 3B 4B Revenue, FY2016: 1.5B Net income, FY2016: 107.5M Revenue, FY2017: 1.7B Net income, FY2017: 125.5M Revenue, FY2018: 2.1B Net income, FY2018: 377.2M Revenue, FY2019: 2B Net income, FY2019: 297.4M Revenue, FY2020: 2.3B Net income, FY2020: 350.6M Revenue, FY2021: 3.3B Net income, FY2021: 740M Revenue, FY2022: 2.8B Net income, FY2022: 477M Revenue, FY2023: 2.4B Net income, FY2023: 255M Revenue, FY2024: 3B Net income, FY2024: 378M Revenue, FY2025: 3.9B Net income, FY2025: 592M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $1.46B $1.72B $2.08B $2.03B $2.29B $3.31B $2.78B $2.44B $3.00B $3.88B
Gross profit — — — — — — — — — —
Net income $107.5M $125.5M $377.2M $297.4M $350.6M $740.0M $477.0M $255.0M $378.0M $592.0M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02
  • Results announced Item 2.02
  • Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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