Evercore Partners Inc (EVR)
NYSE:EVR
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Evercore Partners
(NYSE:EVR)
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Rating:70Outperform
Price Target:
$307.00
▼(-5.83% Downside)
Action:ReiteratedDate: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
Strong free cash flow generation
Evercore converts a high share of earnings into cash: 2025 FCF was ~$1.18B and tracked ~94% of net income. This durable cash-generation ability funds buybacks, dividends and measured investments, supporting financial flexibility through advisory-cycle variability.
Negative Factors
Cyclicality and deal-timing sensitivity
Evercore’s fee-driven business is inherently cyclical: outcomes hinge on deal closings and market issuance volumes. Even with record backlogs, quarter-to-quarter earnings and cash can vary materially, complicating forecasting and making sustained margin expansion contingent on macro and timing.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong free cash flow generation
Evercore converts a high share of earnings into cash: 2025 FCF was ~$1.18B and tracked ~94% of net income. This durable cash-generation ability funds buybacks, dividends and measured investments, supporting financial flexibility through advisory-cycle variability.
Read all positive factors
Evercore Partners (EVR) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$12.91B
Dividend Yield0.95%
Average Volume (3M)676.14K
Price to Earnings (P/E)25.5
Beta (1Y)1.76
Revenue Growth27.00%
EPS Growth63.47%
CountryUS
Employees2,395
SectorFinancial
Sector Strength70
IndustryFinancial - Capital Markets
Share Statistics
EPS (TTM)5.13
Shares Outstanding39,605,450
10 Day Avg. Volume504,054
30 Day Avg. Volume676,144
Financial Highlights & Ratios
PEG Ratio0.46
Price to Book (P/B)7.43
Price to Sales (P/S)3.89
P/FCF Ratio12.77
Enterprise Value/Market Cap0.98
Enterprise Value/Revenue3.25
Enterprise Value/Gross Profit3.27
Enterprise Value/Ebitda15.67
Forecast
1Y Price Target
$348.50Price Target Upside6.90% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering5
EPS Forecast (FY)18.42
Revenue Forecast (FY)$4.65B
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 Manage...
How the Company Makes Money
Evercore primarily generates revenue from fee-based advisory and underwriting-related activities, with most earnings historically tied to its Investment Banking & Advisory operations. (1) Advisory fees: The largest driver is transaction-based advi...
Evercore Partners Key Performance Indicators (KPIs)
Evercore Partners Earnings Call Summary
Earnings Call Date:Feb 04, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:Apr 29, 2026
Earnings Call Sentiment Positive
The call highlights a broadly positive performance: record revenue, substantial margin expansion, strong advisory leadership, diversified revenue mix, and sizable capital returns. Management also disclosed deliberate investments in talent, technology, and international expansion that increased non-comp expenses and acknowledged a more competitive recruiting and private-capital landscape. While there are near-term headwinds from rising non-comp costs, recruitment intensity, competition, and transaction timing/macro risks, these are presented as manageable trade-offs to support continued growth. On balance the positive operational and financial momentum materially outweighs the lowlights.Positive Updates
Record-Breaking Revenue and EPS
Firm-wide adjusted net revenue of ~$3.9B for 2025, up 29% versus 2024 (record year). Fourth-quarter adjusted net revenue of nearly $1.3B, up 32% YoY (strongest quarter in firm history). Full-year adjusted EPS of $14.56, up 55% YoY; fourth-quarter adjusted EPS of $5.13, up 50% YoY.
Negative Updates
Rising Non-Comp Expenses and Ongoing Investment Needs
Adjusted non-comp expenses rose to $552M for the full year (up 17% YoY) and $150M in Q4 (up 26% YoY). Increases driven by technology investments, information services, higher rent/occupancy (office expansion and new leases in Paris, London, Dubai, NY renovations), and increased client travel — signaling continued near-term expense pressure.
Read all updates
Q4-2025 Updates
Positive
Negative
Record-Breaking Revenue and EPS
Firm-wide adjusted net revenue of ~$3.9B for 2025, up 29% versus 2024 (record year). Fourth-quarter adjusted net revenue of nearly $1.3B, up 32% YoY (strongest quarter in firm history). Full-year adjusted EPS of $14.56, up 55% YoY; fourth-quarter adjusted EPS of $5.13, up 50% YoY.
Read all positive updates
Company Guidance
Management said they enter 2026 “with strong momentum” and record backlogs, expecting 2025’s themes to continue — sustained engagement on large strategic transactions plus broadening activity across deal sizes, sectors, products and geographies. They pointed to industry and firm metrics underpinning the view: industry announced M&A ≈ $4.5 trillion (+49% YoY) with H2 volumes ~45% higher than H1 and >$5B deals +13% vs. 2021; firm 2025 adjusted net revenue ≈ $3.9B (+29% YoY) and Q4 ≈ $1.3B (best quarter), full‑year adjusted EPS $14.56 (Q4 adj EPS $5.13), adjusted operating income FY $839M (+50%) and Q4 $337M (+55%), Q4 adjusted operating margin 26% (+380 bps) and FY 21.6% (+300 bps); advisory fees Q4 >$1.1B (+33%) and FY $3.3B (+34%); PCA/private funds strength (advised on nearly half of secondary volume); sponsor activity +43% in dollar volume and +14% in transaction count in 2025. They reiterated capital returns and balance‑sheet discipline — cash & investments ≈ $3.0B, 2025 return of capital $812M (≈ $151M dividends, $661M buybacks for 2.4M shares at $275.42) and intent to repurchase shares in 2026 — while continuing measured investment in talent and technology (non‑comp expense growth ~16–17% in recent years) and pursuing gradual further improvement in the comp ratio (64.2% in 2025, down 340 bps vs. 2023).Evercore Partners Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
70
Positive
Cash Flow
82
Very Positive
| 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 | 3.86B | 2.98B | 2.43B | 2.76B | 3.29B |
| EBITDA | 804.35M | 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 | 1.47B | 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
Positive
326.02
Price Trends
311.98
Positive
325.87
Positive
317.36
Positive
Market Momentum
1.05
Negative
67.09
Neutral
88.39
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 326.02 is above the 20-day moving average (MA) of 286.77, above the 50-day MA of 311.98, and above the 200-day MA of 317.36, indicating a bullish trend. The MACD of 1.05 indicates Negative momentum. The RSI at 67.09 is Neutral, neither overbought nor oversold. The STOCH value of 88.39 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 |
|---|---|---|---|---|---|---|---|
74 Outperform | $5.81B | 20.12 | 22.08% | 1.63% | 12.77% | 36.43% | |
71 Outperform | $4.91B | 22.13 | 44.30% | 3.69% | 51.19% | 456.59% | |
70 Outperform | $12.91B | 25.51 | 33.81% | 0.95% | 27.00% | 63.47% | |
70 Outperform | $11.91B | 12.55 | 11.96% | 1.43% | 7.54% | 2.73% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
64 Neutral | $10.32B | 24.90 | 20.14% | 1.33% | 20.99% | 25.02% | |
49 Neutral | $8.94B | 13.64 | 9.47% | 2.52% | -5.41% | 25.28% |
* Financial Sector Average
EVR
Evercore Partners
326.02
138.63
73.98%
JEF
Jefferies
43.73
-2.12
-4.63%
PIPR
Piper Sandler
81.56
23.00
39.28%
SF
Stifel Financial
76.92
20.35
35.96%
MC
Moelis
61.49
9.39
18.03%
HLI
Houlihan Lokey
147.84
-5.91
-3.84%
Evercore Partners Corporate Events
Business Operations and StrategyExecutive/Board Changes
Evercore Adds Antitrust Expert Christine Varney to Board
Positive
Feb 4, 2026
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 concurr...
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.