Evercore Inc.
- Open
- 289.99
- Day high
- 289.99
- Day low
- 284.86
- Prev close
- 290.11
- Volume
- 594K
- Mkt cap
- $11.0B
- P/E (TTM)
- 14.9
- EPS (TTM)
- $19.20
- P/B
- 5.9
- P/S
- 2.3
- Yield
- 1.21%
- Per share
- $3.46
- ▼Insiders net selling -$2.7M over the last 3 months (0 open-market buys, 1 sale)
- 🏛Institutions accumulating (13F)
Evercore Inc. (EVR) is a Financial Services company listed on NYSE. The stock is down 9% over the past year. Over the trailing 3 months, insiders filed 0 open-market buys and 1 sale (SEC Form 4). Drillr has 1 published research article covering EVR.
Evercore Inc. (EVR) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 5 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
EVR earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Jul 29, 2026 | $3.05 | $2.91 | -4.7% | $998M | +0.1% |
| Apr 29, 2026 | $5.57 | $7.53 | +35.2% | $1.4B | +19.4% |
| Feb 4, 2026 | $3.83 | $5.13 | +33.9% | $1.3B | +40.7% |
| Oct 29, 2025 | $3.25 | $3.48 | +7.1% | $1.0B | +10.0% |
| Jul 30, 2025 | $1.78 | $2.42 | +36.0% | $838M | +16.5% |
| Apr 30, 2025 | $1.54 | $3.49 | +126.6% | $699M | +16.7% |
| Feb 5, 2025 | $2.90 | $3.41 | +17.6% | $975M | +30.8% |
| Oct 23, 2024 | $1.96 | $2.04 | +4.1% | $738M | +4.2% |
| Jul 24, 2024 | $1.63 | $1.81 | +11.0% | $693M | +13.7% |
| Jan 31, 2024 | $1.67 | $2.02 | +21.0% | $788M | +10.0% |
| Oct 25, 2023 | $1.19 | $1.30 | +9.2% | $570M | +3.6% |
| Jul 26, 2023 | $1.28 | $0.96 | -25.0% | $499M | -2.7% |
EVR insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Jun 15, 2026 | LaLonde Timothy Gilbertofficer: Chief Financial Officer | Sell | 7,808 | $343.06 |
| Jun 12, 2026 | Carlton Pamela Gdirector | Grant | 364 | — |
| Jun 12, 2026 | Robertson Sir Simondirector | Grant | 364 | — |
| Jun 12, 2026 | WHEELER WILLIAM Jdirector | Grant | 364 | — |
| Jun 12, 2026 | Williamson Sarah Kdirector | Grant | 727 | — |
| Jun 12, 2026 | FUTTER ELLEN Vdirector | Grant | 364 | — |
| Jun 12, 2026 | OVERLOCK WILARD J JRdirector | Grant | 727 | — |
| Jun 12, 2026 | MILLARD ROBERT Bdirector | Grant | 815 | — |
| Jun 12, 2026 | VARNEY CHRISTINE Adirector | Grant | 727 | — |
| Jun 12, 2026 | Harris Gail Blockdirector | Grant | 364 | — |
| Feb 23, 2026 | Lindsey-Clark Matthewofficer: Co-Head EMEA IB | Grant | 7,638 | — |
| Feb 23, 2026 | Pensa Paulofficer: Contr, Prin. Acct.Officer | Grant | 1,867 | — |
| Feb 23, 2026 | WEINBERG JOHN Sdirector, officer: CEO/Chairman | Grant | 31,528 | — |
| Feb 23, 2026 | LaLonde Timothy Gilbertofficer: Chief Financial Officer | Grant | 12,465 | — |
| Feb 23, 2026 | Altman Roger Cdirector, officer: Founder and Senior Chairman | Grant | 30,062 | — |
Source: EVR SEC Form 4 filings, latest Jun 15, 2026. For informational purposes only — not investment advice.
See the full EVR insider & 13F page →Evercore Inc. company profile
Overview
Evercore Inc. (NYSE:EVR) is an independent investment banking advisory firm founded in 1995 and headquartered in New York. The company went public in 2006 and operates globally across the United States, Europe, Latin America, and other international markets. Originally known as Evercore Partners Inc., the firm changed its name to Evercore Inc. in August 2017. Over nearly three decades, Evercore has established itself as one of the leading independent investment banks, consistently ranking among the top global advisory firms by revenue and transaction volume.
Business
Evercore operates as an independent investment banking and wealth management firm through two primary business segments. The Investment Banking segment represents the core of the business, generating approximately 85-90% of total revenues. This division provides strategic advisory services including mergers and acquisitions (M&A) counsel, strategic defense and shareholder advisory services, special committee assignments, and transaction structuring. The firm also offers Capital Markets Advisory services encompassing equity capital markets, restructuring and debt advisory, private placement advisory, market risk management, private capital advisory for financial sponsors, and private funds advisory. Additionally, the segment includes research, sales, and trading services delivered through a content-led platform to institutional investor clients. The Investment Management segment accounts for roughly 10-15% of revenues and provides wealth management services to high-net-worth individuals, foundations, and endowments, while also managing financial assets for institutional investors. This segment has grown steadily, with assets under management reaching record levels of $13.9 billion by the end of 2024. Investment banking operates in a highly specialized advisory capacity, where firms like Evercore act as intermediaries and advisors in complex financial transactions. Unlike traditional commercial banks that lend money, investment banks primarily earn fees by providing expert advice on mergers, acquisitions, restructurings, and capital raising activities. The industry requires deep sector expertise, established relationships with corporate executives and institutional investors, and the ability to navigate complex regulatory and financial structures.
Revenue model
Evercore generates revenue primarily through advisory fees charged for investment banking services, which operate on a success-fee model where compensation is tied to transaction completion. For M&A transactions, the firm typically charges fees ranging from 0.5% to 2% of transaction value, with larger deals commanding lower percentage fees but higher absolute amounts. The company also earns fees from ongoing advisory relationships, restructuring mandates, and capital markets transactions including equity and debt offerings. The firm's paying customers include large corporations, financial sponsors (private equity firms), institutional investors, and high-net-worth individuals. Corporate clients engage Evercore for strategic advice on acquisitions, divestitures, defense against hostile takeovers, and capital structure optimization. Financial sponsors utilize the firm's services for buy-side and sell-side M&A advisory, as well as capital raising for their portfolio companies and funds. Several factors influence Evercore's profit margins. Positive margin drivers include market volatility that creates advisory opportunities, increased M&A activity driven by economic growth or industry consolidation, rising asset values that increase transaction sizes, and the firm's ability to command premium fees due to its reputation and expertise. Margin pressures come from intense competition for top talent leading to higher compensation costs (typically 60-70% of revenues), economic uncertainty that delays transactions, regulatory changes that complicate deals, and the cyclical nature of capital markets that can significantly impact quarterly results. The firm's diversified revenue base, with over 40% coming from non-M&A sources including restructuring, private capital advisory, and equity capital markets, helps provide some stability during M&A downturns.
Competitive moat
Evercore's competitive moat rests primarily on its reputation and relationship-based business model, which creates meaningful barriers to entry but faces ongoing competitive pressures. The firm has built strong, long-term relationships with Fortune 500 CEOs, private equity partners, and institutional investors that are difficult for competitors to replicate quickly. These relationships, combined with the firm's track record of executing complex, high-profile transactions, enable Evercore to command premium fees and gain access to the most attractive mandates. The firm's talent concentration represents both a strength and vulnerability. Evercore has successfully recruited top-tier bankers from bulge bracket firms, creating sector expertise that clients value highly. However, this creates key-person risk, as senior bankers can potentially move to competitors and take client relationships with them. The investment banking industry's high compensation requirements and talent mobility limit the sustainability of this moat. Scale advantages provide moderate protection, as Evercore's size allows it to staff multiple large transactions simultaneously and invest in global platform expansion. The firm's independent status can be advantageous when advising on transactions where bulge bracket banks might have conflicts of interest due to lending relationships or other business ties. However, the moat faces significant challenges from intense competition from both large investment banks with greater resources and other independent advisory firms. Technology disruption, while limited in high-touch advisory services, could potentially streamline certain aspects of the business. Additionally, economic cycles can severely impact transaction volumes, and the firm's success remains heavily dependent on market conditions and the continued performance of key senior bankers.
Risks & safety
Evercore demonstrates a strong financial position with adequate margin of safety, though subject to the inherent volatility of investment banking revenues. • Liquidity and Solvency: Strong cash position of $570 million as of Q1 2025, with minimal debt burden and current ratio of 3.25x indicating excellent short-term liquidity. Free cash flow generation remains robust at nearly $1 billion annually in favorable years. • Debt Management: Conservative debt-to-equity ratio of 0.62x with manageable leverage levels. The firm maintains financial flexibility through strong balance sheet management. • Valuation Metrics: Trading at P/E ratio of 13.2x based on recent earnings, which appears reasonable for a cyclical financial services firm. EV/EBITDA of 16.7x reflects premium valuation typical of high-quality advisory firms. • Revenue Volatility: Quarterly revenues can fluctuate significantly (ranging from $693 million to $979 million in recent quarters) due to transaction timing, creating earnings unpredictability but not threatening solvency given the firm's cost structure flexibility.
Recent development
Over the past several years, Evercore has pursued an aggressive growth strategy centered on talent acquisition and geographic expansion. The firm has recruited nearly 30 senior managing directors and senior advisers externally while promoting over 30 internally, significantly expanding its sector coverage and client relationships. Key hiring has focused on high-growth areas including technology, healthcare, financial sponsors coverage, and European markets, particularly with expansion in Paris. The company has successfully diversified its revenue streams, with non-M&A businesses now representing over 40% of total revenues, up from approximately one-third historically. This diversification includes strong growth in private capital advisory (achieving record performance), restructuring and liability management services, and equity capital markets capabilities. The firm's wealth management division has also expanded significantly, reaching record assets under management of $13.9 billion. Strategic positioning improvements include building comprehensive advisory capabilities for financial sponsors, expanding private funds advisory services, and strengthening equity capital markets to target a top-10 market position. The firm has also invested in adjacent product areas and deepened its restructuring expertise to capitalize on liability management opportunities. Recent quarters have shown strong momentum in engagement letter signings and robust backlogs across multiple business lines, positioning the firm for continued growth as market conditions improve.
EVR company profile · for informational purposes only — not investment advice.
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