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Evercore Partners Inc (EVR)
NYSE:EVR
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Evercore Partners
(NYSE:EVR)
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Rating:76Outperform
Price Target:
$343.00
â–¼(-6.20% Downside)
Evercore's strong financial performance and impressive earnings call results are the primary drivers of its stock score. The company's robust revenue growth and strategic initiatives position it well in the capital markets industry. However, technical indicators suggest a bearish trend, and the valuation is moderate, which tempers the overall score.
Positive Factors
Revenue Growth
The significant year-over-year revenue growth indicates strong market demand for Evercore's services, enhancing its competitive position and supporting long-term business expansion.
Diversified Revenue Streams
Diversification into non-M&A revenue streams reduces dependency on any single business line, providing stability and resilience against market fluctuations.
Wealth Management Growth
Growth in assets under management reflects successful client acquisition and retention strategies, contributing to a steady income stream and enhancing long-term financial stability.
Negative Factors
Rising Debt Levels
Rising debt levels may strain financial resources and limit flexibility, potentially impacting the company's ability to invest in growth opportunities.
Challenges in Compensation Leverage
Limited improvement in compensation leverage could pressure margins, affecting profitability and the ability to attract and retain top talent long-term.
Potential Impact of Government Shutdown
A government shutdown could disrupt financial markets and delay transactions, impacting revenue and operational efficiency in the near to medium term.
Evercore Partners (EVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$14.27B
Dividend Yield0.95%
Average Volume (3M)295.57K
Price to Earnings (P/E)29.4
Beta (1Y)1.67
Revenue Growth27.00%
EPS Growth63.47%
CountryUS
Employees2,395
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)3.48
Shares Outstanding38,678,116
10 Day Avg. Volume263,926
30 Day Avg. Volume295,566
Financial Highlights & Ratios
PEG Ratio0.60
Price to Book (P/B)6.23
Price to Sales (P/S)3.55
P/FCF Ratio11.10
Enterprise Value/Market Cap0.93
Enterprise Value/Revenue3.73
Enterprise Value/Gross Profit3.75
Enterprise Value/Ebitda19.08
Forecast
1Y Price Target
$389.87Price Target Upside6.62% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering6
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Evercore Partners Business Overview & Revenue Model
Company DescriptionEvercore 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 MoneyEvercore 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 Key Performance Indicators (KPIs)
Evercore Partners Earnings Call Summary
Earnings Call Date:Oct 29, 2025
(Q3-2025)
| % Change Since: |
Next Earnings Date:Feb 04, 2026
Earnings Call Sentiment Positive
Evercore delivered strong third-quarter results with record revenues and significant growth across all business areas, supported by successful recruitment and diversified revenue streams. However, challenges remain with the potential impact of the government shutdown and difficulties in achieving comp leverage.Q3-2025 Updates
Positive Updates
Record Third Quarter Results
Evercore delivered record third quarter results with over $1 billion in adjusted net revenues, up 42% year-over-year, marking the best third quarter ever and the second best quarter in the company's history.
Strong Performance Across Segments
The company experienced broad-based strength across its diversified platform, with the U.S. M&A advisory practice gaining momentum across sectors, and the European Advisory business delivering its best quarter on record.
Increase in Backlog and Client Activity
Evercore's backlog continued to increase, with strong client activity across the firm, indicating a robust pipeline and positive trends into the next year.
Successful Recruitment Efforts
2025 has been Evercore's strongest recruiting year-to-date, with the addition of 18 partners and 1 senior adviser, increasing the number of investment banking SMDs by nearly 50% since year-end 2021.
Record Non-M&A Revenue
Approximately 45% of third-quarter revenues were from non-M&A sources, with strong performances in Private Capital Advisory, Private Funds Group, and Liability Management and Restructuring.
Wealth Management Growth
Wealth Management achieved a record quarter-end AUM of approximately $15.4 billion driven by both market appreciation and strong new net client inflows.
Negative Updates
Impact of Government Shutdown
The potential government shutdown poses a risk of slowing down deal-making processes, particularly in ECM and M&A, though Evercore anticipates a rapid recovery if resolved soon.
Challenges in Comp Leverage
Despite strong revenue growth, the compensation ratio only improved by 70 basis points, indicating challenges in achieving comp leverage despite significant hiring and talent acquisition.
Decline in Underwriting Revenues
Third quarter underwriting revenues were $44 million, down 1% from a year ago, despite a 36% sequential increase.
Company Guidance
During the Evercore Third Quarter 2025 Earnings Conference Call, the company highlighted its record-breaking performance, with adjusted net revenues exceeding $1 billion, a 42% increase year-over-year. The adjusted operating income reached $228 million, marking a 69% rise, while adjusted EPS grew by 71% to $3.48. Evercore's adjusted operating margin improved by nearly 360 basis points to 21.8%. The firm noted a 49% year-over-year increase in adjusted advisory fees, reaching $884 million, a record for the third quarter. The call emphasized robust M&A activity, with Evercore advising on four of the 11 largest global M&A transactions. Additionally, Evercore's Wealth Management achieved record quarter-end AUM of approximately $15.4 billion. The company remains optimistic about the investment banking recovery and is focused on strategic growth, including recent talent acquisitions and the successful integration of Robey Warshaw to enhance its European presence. Despite potential headwinds from market volatility and a government shutdown, Evercore anticipates continued momentum into year-end and 2026.Evercore Partners Financial Statement Overview
Summary
Evercore Partners exhibits strong financial health with robust revenue growth, efficient cost management, and solid profitability metrics. The balance sheet reflects a stable capital structure, although rising debt levels should be monitored. Cash flow generation is strong, supporting the company's operational and strategic initiatives. Overall, Evercore is well-positioned in the capital markets industry, but maintaining margin stability and managing debt levels will be crucial for sustained success.Income Statement
Evercore Partners shows strong revenue growth with a 9.45% increase in TTM, indicating robust business expansion. The gross profit margin is healthy at 67.75%, and the net profit margin has improved to 14.83%, reflecting efficient cost management. EBIT and EBITDA margins are also strong at 19.94% and 20.68%, respectively, showcasing operational efficiency. However, the gross profit margin has decreased from previous years, which could be a concern if the trend continues.Balance Sheet
The company's debt-to-equity ratio is stable at 0.56, indicating a balanced approach to leveraging. Return on equity is impressive at 32.89%, highlighting strong profitability relative to shareholder equity. The equity ratio stands at 40.91%, suggesting a solid capital structure. However, the increasing total debt over the years could pose a risk if not managed carefully.Cash Flow
Evercore Partners has demonstrated significant free cash flow growth of 42.43% in TTM, indicating strong cash generation capabilities. The operating cash flow to net income ratio is high at 93.59%, and the free cash flow to net income ratio is 91.73%, both reflecting efficient cash flow management. Despite these strengths, the operating cash flow coverage ratio has decreased compared to previous years, which may warrant attention.| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.56B | 3.00B | 2.44B | 2.78B | 3.31B | 2.29B |
| Gross Profit | 3.54B | 2.98B | 2.43B | 2.76B | 3.29B | 2.26B |
| EBITDA | 697.05M | 532.76M | 368.18M | 732.69M | 1.15B | 570.83M |
| Net Income | 528.40M | 378.28M | 255.48M | 476.52M | 740.12M | 350.57M |
Balance Sheet | ||||||
| Total Assets | 4.42B | 4.17B | 3.70B | 3.62B | 3.80B | 3.37B |
| Cash, Cash Equivalents and Short-Term Investments | 1.71B | 939.71M | 651.73M | 786.29M | 719.53M | 829.60M |
| Total Debt | 1.13B | 923.32M | 844.39M | 687.82M | 721.04M | 719.64M |
| Total Liabilities | 2.34B | 2.23B | 1.92B | 1.89B | 2.17B | 1.88B |
| Stockholders Equity | 1.81B | 1.71B | 1.58B | 1.54B | 1.32B | 1.23B |
Cash Flow | ||||||
| Free Cash Flow | 1.06B | 958.05M | 437.91M | 508.19M | 1.36B | 925.04M |
| Operating Cash Flow | 1.14B | 988.15M | 457.95M | 531.38M | 1.38B | 978.37M |
| Investing Cash Flow | -334.79M | -67.43M | 15.62M | 313.30M | -705.89M | -483.87M |
| Financing Cash Flow | -487.11M | -628.55M | -557.23M | -735.57M | -925.32M | -307.79M |
Evercore Partners Technical Analysis
Positive
365.67
Price Trends
325.68
Positive
325.81
Positive
284.47
Positive
Market Momentum
11.00
Negative
65.07
Neutral
86.18
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For EVR, the sentiment is Positive. The current price of 365.67 is above the 20-day moving average (MA) of 348.84, above the 50-day MA of 325.68, and above the 200-day MA of 284.47, indicating a bullish trend. The MACD of 11.00 indicates Negative momentum. The RSI at 65.07 is Neutral, neither overbought nor oversold. The STOCH value of 86.18 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for EVR.
Evercore Partners Risk Analysis
Evercore Partners disclosed 39 risk factors in its most recent earnings report. Evercore Partners reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Evercore Partners Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
78 Outperform | $5.98B | 24.96 | 51.98% | 3.69% | 51.19% | 456.59% | |
76 Outperform | $14.27B | 29.43 | 31.39% | 0.95% | 27.00% | 63.47% | |
75 Outperform | $13.24B | 22.99 | 11.73% | 1.43% | 7.54% | 2.73% | |
70 Outperform | $12.76B | 29.35 | 20.29% | 1.33% | 20.99% | 25.02% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
67 Neutral | $6.51B | 27.20 | 19.30% | 1.63% | 12.77% | 36.43% | |
63 Neutral | $12.59B | 22.00 | 6.36% | 2.52% | -5.41% | 25.28% |
* Financial Sector Average
EVR
Evercore Partners
365.67
107.97
41.90%
JEF
Jefferies
61.05
-8.43
-12.13%
PIPR
Piper Sandler
367.83
88.01
31.45%
SF
Stifel Financial
130.07
26.95
26.13%
MC
Moelis
74.31
6.38
9.39%
HLI
Houlihan Lokey
182.01
19.22
11.81%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.