Evercore
EVR · NYSEInvestment Advice · Fiscal year ends Dec 31
Evercore reported revenue of $3.9B in the fiscal year ended Dec 2025, up 29.5% from the year before. Net income was $592M. Operating cash flow of $1.3B less capital expenditure of $74M left free cash flow of $1.2B. It held more cash than debt (net cash $886M).
Last 5 fiscal years
Revenue and net income
Income statement
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | $3.3B | $2.8B | $2.4B | $3B | $3.9B |
| Interest expense | $18M | $17M | $17M | $17M | $24M |
| Pre-tax income | $1.1B | $704M | $366M | $533M | $794M |
| Income tax | $248M | $173M | $81M | $115M | $153M |
| Net income | $740M | $477M | $255M | $378M | $592M |
| Diluted EPS | 17.08 | 11.61 | 6.37 | 9.08 | 14.05 |
| Diluted shares | 43M | 41M | 40M | 42M | 42M |
Balance sheet
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | $578M | $663M | $597M | $873M | $1.4B |
| Current assets | $2.8B | $2.7B | $2.6B | $3B | $3.9B |
| Net PP&E | $149M | $143M | $138M | $145M | $190M |
| Goodwill | $128M | $123M | $125M | $124M | $231M |
| Total assets | $3.8B | $3.6B | $3.7B | $4.2B | $5.4B |
| Deferred revenue | $9M | $5M | $4M | $4M | $6M |
| Current liabilities | $1.3B | $1.1B | $910M | $1.2B | $1.8B |
| Long-term debt | $376M | $372M | $374M | $336M | $540M |
| Total liabilities | $2.2B | $1.9B | $1.9B | $2.2B | $3B |
| Shareholders' equity | $1.3B | $1.5B | $1.6B | $1.7B | $2B |
Cash flow
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | $1.4B | $531M | $458M | $988M | $1.3B |
| Capital expenditure | $28M | $23M | $20M | $30M | $74M |
| Free cash flow | $1.4B | $508M | $438M | $958M | $1.2B |
| Depreciation & amortisation | $28M | $27M | $24M | $24M | $29M |
| Stock-based compensation | $422M | $467M | $515M | $570M | $675M |
| Dividends paid | $119M | $127M | $128M | $136M | $144M |
| Dividend per share | 2.65 | 2.84 | 3.00 | 3.16 | 3.32 |
Key ratios
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | −16.0% | −12.1% | 22.7% | 29.5% |
| EPS growth (YoY) | – | −32.0% | −45.1% | 42.5% | 54.7% |
| Net margin | 22.4% | 17.1% | 10.5% | 12.6% | 15.3% |
| Return on equityBlank when equity is negative | 56.1% | 31.0% | 16.2% | 22.2% | 29.1% |
| Free cash flow margin | 41.0% | 18.3% | 17.9% | 32.0% | 30.5% |
| Cash conversion (CFO ÷ net income) | 1.87x | 1.12x | 1.79x | 2.61x | 2.12x |
| Debt ÷ equity | 0.28x | 0.24x | 0.24x | 0.20x | 0.27x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | −$202M | −$292M | −$223M | −$537M | −$886M |
| Current ratio | 2.16x | 2.53x | 2.86x | 2.43x | 2.16x |
Recent filings
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Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.