Evercore Partners (EVR) AI Stock Analysis

• Market Cap: $12.80B
• Dividend Yield: 0.95%
• Average Volume (3M): 472.62K
• Price to Earnings (P/E): 23.6
• Beta (1Y): 1.72
• Revenue Growth: 27.00%
• EPS Growth: 63.47%
• Country: US
• Employees: 2,395
• Sector: Financial
• Sector Strength: 70
• Industry: Financial - Capital Markets
• EPS (TTM): 5.13
• Shares Outstanding: 38,678,116
• 10 Day Avg. Volume: 554,177
• 30 Day Avg. Volume: 472,624
• PEG Ratio: 0.46
• Price to Book (P/B): 7.43
• Price to Sales (P/S): 3.89
• P/FCF Ratio: 12.77
• Enterprise Value/Market Cap: 0.90
• Enterprise Value/Revenue: 2.97
• Enterprise Value/Gross Profit: 3.03
• Enterprise Value/Ebitda: 13.47
• 1Y Price Target: $400.60
• Price Target Upside: 31.23% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 7
• EPS Forecast (FY): 18.5
• Revenue Forecast (FY): $4.72B

• Rating: 70 Outperform
• Price Target: $360.00 ▲(17.93% Upside)
• Action: Reiterated Date: 02/21/26
• Date: Action: Reiterated 02/21/26

EVR scores well on fundamentals and the latest earnings call, reflecting a strong revenue/profit rebound, solid cash generation, and upbeat 2026 momentum supported by record backlogs and capital returns. The main offset is weak near-term technical momentum (below key moving averages with negative MACD), with valuation only moderately supportive given a ~23.6 P/E and ~1% yield.

Positive Factors

Revenue Recovery & Diversification

Evercore's record $3.9B 2025 revenue (+29%) and broadened revenue base (≈45% non-M&A) indicate durable growth and reduced reliance on a single cycle. Diversified advisory, PCA, equities and wealth streams and a record backlog support recurring fee generation and cross-sell over coming quarters.

Strong Cash Generation

Robust free cash flow (~$1.18B; ~94% of net income) and operating cash flow strength provide durable capital to fund buybacks, dividends and measured investments. Strong cash conversion supports capital returns and strategic flexibility through cyclical deal environments.

Manageable Leverage & High ROE

A moderate debt-to-equity ratio (~0.57), meaningful equity base (~$2.03B) and a high ROE (~28%) underpin financial resilience. This capitalization supports continued hiring, M&A, and buybacks while preserving flexibility to invest in technology and international expansion without excessive leverage.

Negative Factors

Cyclicality & Timing Risk

Evercore's revenue and cash flows are inherently tied to deal cycles and transaction timing; even with record backlogs, macro or geopolitical shifts can delay closings. This structural cyclicality can cause material quarter-to-quarter volatility in revenue, margins and capital deployment plans.

Rising Non-Comp Costs

Sustained investments in technology, offices and client activity have driven non-comp costs up 17% YoY. Coupled with intense recruiting, higher operating expenses risk elevating the compensation ratio and eroding operating leverage if revenue growth slows or timing of deals weakens.

Competition in Private Capital/Secondaries

Growing competition from large banks and peers in private capital and secondary markets threatens pricing and deal flow. Evercore's strong PCA share faces margin pressure if competitors scale capabilities and discount fees, posing a structural risk to future returns in that high-growth segment.

Evercore Partners Business Overview & Revenue Model

Company Description

Evercore Inc., together with its subsidiaries, operates as an independent investment banking advisory firm in the United States, Europe, Latin America, and internationally. It operates through two segments, Investment Banking and Investment Management. The Investment Banking segment offers strategic advisory services, such as mergers and acquisitions, strategic, defense, and shareholder advisory, special committee assignments, and transaction structuring; Capital Markets Advisory, including equity capital markets, restructuring, debt advisory, private placement advisory, market risk management and hedging, private capital advisory, and private funds; and research, sales, and trading professionals services on a content-led platform to its institutional investor clients. The Investment Management segment provides wealth management services to high-net-worth individuals, foundations, and endowments; and manages financial assets for institutional investors. The company was formerly known as Evercore Partners Inc. and changed its name to Evercore Inc. in August 2017. Evercore Inc. was founded in 1995 and is headquartered in New York, New York.

How the Company Makes Money

Evercore generates revenue primarily through advisory fees from its investment banking services, which include M&A advisory, restructuring advisory, and capital raising. The company earns significant fees for successfully facilitating transactions and providing strategic advice to clients. Additionally, Evercore has a wealth management division that contributes to revenue through asset management fees and advisory fees on client investments. The firm also benefits from its established reputation and strong relationships with clients, leading to repeat business and referrals. Strategic partnerships and collaborations with other financial institutions further enhance its service offerings and revenue potential.

Evercore Partners Financial Statement Overview

Summary

Strong post-2023 recovery with higher revenue and improving profitability, supported by robust free cash flow generation. Balance sheet leverage appears manageable with attractive (but cyclical) returns, and results remain sensitive to capital-markets cycles and year-to-year cash flow variability.

Income Statement

Revenue has rebounded strongly after the 2022–2023 downturn, reaching $3.88B in 2025 (+8.9% YoY) versus $2.44B in 2023, and profitability improved alongside it (net margin ~15.3% in 2025 vs ~12.6% in 2024). Operating profitability is solid for the sector (EBIT margin ~21% in 2025), but still below the peak levels seen in 2021 (meaning earnings power is somewhat cyclical). Overall: healthy margins and a clear recovery trend, with the main weakness being volatility across the cycle.

Balance Sheet

Leverage appears manageable with debt-to-equity around ~0.57 in 2025 (broadly consistent with prior years), and equity has grown to ~$2.03B, supporting the balance sheet as the business expands. Returns on equity are attractive (~28% in 2025), though down versus the unusually strong 2021 result, reinforcing that performance can swing with market conditions. Overall: solid capitalization and good returns, with moderate leverage and cyclical ROE as the key watch items.

Cash Flow

Cash generation is a clear strength: 2025 operating cash flow was ~$1.26B and free cash flow was ~$1.18B, with free cash flow growth of ~11.9% and free cash flow closely tracking earnings (free cash flow roughly ~94% of net income). The main concern is variability—operating cash flow relative to net income was very strong in earlier years but is notably lower in 2025, suggesting working-capital/timing effects or greater cash flow volatility. Overall: strong free cash flow profile with some year-to-year lumpiness to monitor.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	3.88B	3.00B	2.44B	2.78B	3.31B
Gross Profit	3.80B	2.98B	2.43B	2.76B	3.29B
EBITDA	856.62M	532.76M	368.18M	732.69M	1.15B
Net Income	591.92M	378.28M	255.48M	476.52M	740.12M
Balance Sheet
Total Assets	5.36B	4.17B	3.70B	3.62B	3.80B
Cash, Cash Equivalents and Short-Term Investments	3.01B	939.71M	651.73M	786.29M	719.53M
Total Debt	1.16B	923.32M	844.39M	687.82M	721.04M
Total Liabilities	3.04B	2.23B	1.92B	1.89B	2.17B
Stockholders Equity	2.03B	1.71B	1.58B	1.54B	1.32B
Cash Flow
Free Cash Flow	1.18B	958.05M	437.91M	508.19M	1.36B
Operating Cash Flow	1.26B	988.15M	457.95M	531.38M	1.38B
Investing Cash Flow	-98.33M	-67.43M	15.62M	313.30M	-705.89M
Financing Cash Flow	-635.62M	-628.55M	-557.23M	-735.57M	-925.32M

Evercore Partners Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 305.27
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVR, the sentiment is Negative. The current price of 305.27 is below the 20-day moving average (MA) of 343.93, below the 50-day MA of 351.24, and below the 200-day MA of 308.86, indicating a bearish trend. The MACD of -10.05 indicates Positive momentum. The RSI at 32.06 is Neutral, neither overbought nor oversold. The STOCH value of 24.05 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for EVR.

Evercore Partners Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MC	71 Outperform	$5.15B	21.73	―	3.69%	51.19%	456.59%
EVR	70 Outperform	$12.80B	23.56	31.66%	0.95%	27.00%	63.47%
SF	69 Neutral	$12.27B	20.53	11.72%	1.43%	7.54%	2.73%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
HLI	64 Neutral	$11.58B	25.51	20.47%	1.33%	20.99%	25.02%
PIPR	62 Neutral	$5.82B	20.78	21.65%	1.63%	12.77%	36.43%
JEF	59 Neutral	$11.13B	19.02	6.13%	2.52%	-5.41%	25.28%

Evercore Partners Corporate Events

Evercore Adds Antitrust Expert Christine Varney to Board

On February 3, 2026, Evercore Inc.’s board of directors appointed veteran antitrust lawyer Christine Varney as a director, effective March 1, 2026, for a term running until the company’s 2026 annual meeting of stockholders, and concurrently expanded the board from ten to eleven members. Varney, the former chair of Cravath’s antitrust practice and a former Assistant Attorney General heading the U.S. Department of Justice Antitrust Division as well as a past Federal Trade Commission commissioner, will join Evercore’s Audit Committee and its Nominating and Corporate Governance Committee and receive standard non-management director compensation plus a $50,000 restricted stock unit grant, signaling Evercore’s intent to deepen its governance and regulatory expertise at a time when antitrust scrutiny remains a key factor in complex advisory mandates.

The most recent analyst rating on (EVR) stock is a Hold with a $369.00 price target. To see the full list of analyst forecasts on Evercore Partners stock, see the EVR Stock Forecast page.