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IT services · Technology · Fiscal year ends Dec 31
Evertec reported revenue of $932M in the fiscal year ended Dec 2025, up 10.2% from the year before. Operating income was $186M, an operating margin of 20.0%, and net income was $142M. Operating cash flow of $227M less capital expenditure of $23M left free cash flow of $204M. Net debt was $771M.
Ranks among the 37 it services companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 590 | 618 | 695 | 845 | 932 |
| Selling, general & admin | 68.0 | 89.8 | 128 | 146 | 154 |
| Operating income | 197 | 157 | 136 | 166 | 186 |
| Net interest incomeBanks | −20.9 | −21.7 | −23.8 | – | – |
| Interest expense | 22.8 | 24.8 | 32.3 | 74.7 | 68.3 |
| Pre-tax income | 182 | 268 | 85.4 | 120 | 154 |
| Income tax | 20.6 | 29.0 | 5.5 | 4.8 | 9.8 |
| Net income | 161 | 239 | 79.7 | 113 | 142 |
| Diluted EPS | 2.21 | 3.45 | 1.21 | 1.73 | 2.20 |
| Diluted shares | 72.9 | 69.3 | 65.8 | 65.1 | 64.4 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 258 | 185 | 296 | 274 | 306 |
| Receivables | 113 | 111 | 127 | 138 | 164 |
| Current assets | 436 | 389 | 561 | 529 | 591 |
| Net PP&E | 48.5 | 56.4 | 62.5 | 62.1 | 64.4 |
| Goodwill | 393 | 423 | 792 | 727 | 892 |
| Total assets | 1,145 | 1,132 | 2,060 | 1,858 | 2,243 |
| Payables | 28.5 | 29.7 | 66.5 | 58.7 | 63.7 |
| Deferred revenue | 17.4 | 15.2 | 21.1 | 25.3 | 26.6 |
| Current liabilities | 153 | 208 | 298 | 280 | 285 |
| Short-term debt | 19.8 | 20.8 | 23.9 | 23.9 | 23.9 |
| Long-term debt | 445 | 389 | 947 | 925 | 1,053 |
| Total liabilities | 674 | 657 | 1,425 | 1,338 | 1,529 |
| Shareholders' equity | 466 | 472 | 594 | 473 | 622 |
| Backlog (remaining obligations) | 255 | – | – | – | – |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 228 | 220 | 211 | 260 | 227 |
| Capital expenditure | 25.1 | 27.1 | 21.4 | 25.4 | 23.3 |
| Free cash flow | 203 | 193 | 190 | 235 | 204 |
| Depreciation & amortisation | 17.4 | 18.5 | 21.6 | 22.3 | 22.3 |
| Stock-based compensation | 14.8 | 20.0 | 25.7 | 30.3 | 29.6 |
| Acquisitions | 0.0 | 44.4 | 418 | 34.0 | 144 |
| Share buybacks | 24.4 | 96.6 | 36.1 | 82.3 | 69.3 |
| Dividends paid | 14.4 | 13.8 | 13.0 | 12.9 | 12.8 |
| Dividend per share | 0.20 | 0.20 | 0.20 | 0.20 | 0.20 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 4.9% | 12.3% | 21.7% | 10.2% |
| Operating income growth (YoY) | – | −19.9% | −13.5% | 21.7% | 12.5% |
| EPS growth (YoY) | – | 56.1% | −64.9% | 43.0% | 27.2% |
| Operating margin | 33.3% | 25.5% | 19.6% | 19.6% | 20.0% |
| Net margin | 27.3% | 38.6% | 11.5% | 13.3% | 15.2% |
| Return on equityBlank when equity is negative | 34.6% | 50.7% | 13.4% | 23.8% | 22.8% |
| ROCEEBIT ÷ (assets − current liabilities) | 19.8% | 17.0% | 7.7% | 10.5% | 9.5% |
| Free cash flow margin | 34.5% | 31.2% | 27.3% | 27.8% | 21.9% |
| Cash conversion (CFO ÷ net income) | 1.42x | 0.92x | 2.65x | 2.31x | 1.60x |
| Receivable days | 70 | 66 | 66 | 59 | 64 |
| Interest cover | 8.62x | 6.35x | 4.21x | 2.22x | 2.73x |
| Debt ÷ equity | 1.00x | 0.87x | 1.63x | 2.01x | 1.73x |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | 207 | 225 | 675 | 675 | 771 |
| Current ratio | 2.85x | 1.87x | 1.88x | 1.89x | 2.07x |
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.