Evercore Inc. financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data Evercore Inc. files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,457	1,724	2,082	2,029	2,285	3,307	2,779	2,443	2,996	3,880
Operating expenses	1,179	1,276	1,523	1,571	1,737	2,187	2,066	2,067	2,453	3,066
Interest expense	16.7	20	17.8	20.1	21.4	17.6	16.9	16.7	16.8	24.3
Pre-tax income	268	438	551	449	541	1,117	704	366	533	794
Income tax	119	258	109	95	128	248	173	80.6	115	153
Income from continuing operations	108	125	377	297	351	740	477	255	378	592
Net income to minority interests	41	53.8	65.6	56.2	62.1	128	54.9	29.7	39.5	48.8
Net income	108	125	377	297	351	740	477	255	378	592
EPS, basic	2.74	3.16	9.29	7.44	8.64	18.48	12.15	6.71	9.86	15.29
EPS, diluted	2.43	2.80	8.33	6.89	8.22	17.08	11.61	6.37	9.08	14.05
Shares, basic (weighted)	39.2	39.6	40.6	40	40.6	40.1	39.2	38.1	38.4	38.7
Shares, diluted (weighted)	44.2	44.8	45.3	43.2	42.6	43.3	41	40.1	41.6	42.1
Dividend per share	1.27	1.42	1.90	2.24	2.35	2.65	2.84	3.00	3.16	3.32

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	559	610	791	634	830	578	663	597	873	1,426
Short-term investments	66.5	129	305	624	1,061	1,785	1,433	1,437	1,519	1,581
Other current assets	23.9	30	28.4	87.9	92.2	58.5	204	174	140	232
Total current assets	926	1,000	1,482	1,690	2,375	2,798	2,707	2,605	2,988	3,858
Property, plant and equipment	51.7	68.6	81.1	127	149	149	143	138	145	190
Lease right-of-use assets			0	200	270	263	238	378	439	457
Goodwill	161	134	131	131	129	128	123	125	124	231
Intangible assets	29.4	19.6	10.4	2.3	0.7	0.34	0		0	30.1
Other non-current assets			89.5	90.3	103	141	110	147	174	278
Total assets	1,662	1,585	2,126	2,599	3,371	3,803	3,621	3,703	4,174	5,358
Accounts payable	30.7	34.1	37.9	39.7	38	31.6	28.8	26	29	44.6
Deferred revenue		3.15	4.02	2.49	9.37	9.26	5.07	3.52	3.58	6
Total current liabilities	463	464	750	669	1,064	1,297	1,071	910	1,230	1,783
Long-term debt				375	339	376	372	374	336	540
Lease liabilities			0	217	300	297	278	434	494	508
Other non-current liabilities	56.8	58.9	105	126	102	126	113	150	119	142
Total liabilities	879	789	1,118	1,472	1,882	2,167	1,895	1,921	2,232	3,038
Paid-in capital	1,368	1,601	1,818	2,017	2,266	2,459	2,862	3,163	3,510	4,024
Retained earnings	20.3	79.5	365	558	799	1,418	1,768	1,893	2,134	2,582
Treasury stock	-812	-1,105	-1,395	-1,678	-1,825	-2,545	-3,066	-3,453	-3,901	-4,562
Other comprehensive income	-50.1	-31.4	-30.4	-27.6	-9.76	-12.1	-27.9	-26.5	-36.1	-13.1
Shareholders' equity	527	544	758	870	1,231	1,320	1,537	1,577	1,708	2,032
Minority interests	256	252	250	257	258	315	190	206	234	288
Total equity	783	796	1,008	1,126	1,489	1,635	1,726	1,782	1,942	2,320
Total liabilities and equity	1,662	1,585	2,126	2,599	3,371	3,803	3,621	3,703	4,174	5,358

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	149	179	443	354	413	869	531	285	418	641
Depreciation and amortization	13.2	15	17.9	22.9	24.6	27.7	27.4	24.3	24.5	28.9
Stock-based compensation	258	230	294	360	367	422	467	515	570	675
Deferred income tax	10	148	-3.98	-10.5	13.8	29.1	-0.86	-2.89	8.07	15.1
Change in receivables	-64.5	47.1	-131	5.24	-78.6	16	-46.1	11.3	-54.6	-125
Change in payables	-10	1.15	5.5	-0.75	-0.8	-5.5	-1.09	-0.97	1.74	14.5
Cash from operations	422	507	850	505	978	1,385	531	458	988	1,256
Capital expenditures	-18.4	-31.3	-33.3	-70.8	-53.3	-28	-23.2	-20	-30.1	-74
Acquisitions	-2.88	0	0
Purchases of investments	-2.05	-1	-0.1	-3.84	-1,202	-3,220	-2,851	-3,313	-3,109	-3,311
Sales and maturities of investments	46.5	0	63.5	100	556	2,670	3,160	3,279	3,066	3,248
Cash from investing	-46.2	-54.6	-213	-373	-484	-706	313	15.6	-67.4	-98.3
Debt issued			0	206	0	38	67	0	0	250
Dividends paid	-51.6	-56.5	-77.3	-96.8	-107	-119	-127	-128	-136	-144
Cash from financing	-238	-419	-453	-290	-308	-925	-736	-557	-629	-636
Exchange rate effect	-25.3	8.38	-1.37	2.57	7.63	-4.62	-24.3	17	-15.5	31.5
Net change in cash	112	41.7	183	-156	194	-251	84.8	-66.6	277	554
Free cash flow	403	476	816	434	925	1,357	508	438	958	1,182
Interest paid	14.1	19.5	17.8	16.4	23.7	17.3	16.9	16.2	16.2	19.9
Income taxes paid	106	129	86.2	155	111	192	218	74.6	98.2	117

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $262.91 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Pre-tax margin	21.3%	Pre-tax income / revenue.
Net margin	15.7%	Net income / revenue.
FCF margin	34.3%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	35.2%	Cash from operations / revenue.
Effective tax rate	19.9%	Income tax / pre-tax income, when pre-tax income is positive.
Return on equity (ROE)	40.1%	Net income / average shareholders' equity (opening and closing). Not shown when equity is negative.
Return on assets (ROA)	15.8%	Net income / average total assets.
Stock-based pay / revenue	16.1%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	0.9%	Capital expenditures / revenue.
D&A / revenue	0.9%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	29.5%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	11.8%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	11.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Net income growth, 1y	56.5%	Net income vs the same period a year earlier. Only from a positive base.
Net income CAGR, 3y	7.5%	Compound annual growth of net income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Net income CAGR, 5y	11.0%	Compound annual growth of net income over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
EPS growth, 1y	54.7%	EPS vs the same period a year earlier. Only from a positive base.
EPS CAGR, 3y	6.6%	Compound annual growth of eps over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EPS CAGR, 5y	11.3%	Compound annual growth of eps over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	27.2%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	33.2%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	5.1%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow growth, 1y	23.4%	Free cash flow vs the same period a year earlier. Only from a positive base.
Free cash flow CAGR, 3y	32.5%	Compound annual growth of free cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	5.0%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Dividend per share growth, 1y	5.1%	Dividend per share vs the same period a year earlier. Only from a positive base.
Dividend per share CAGR, 3y	5.3%	Compound annual growth of dividend per share over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Dividend per share CAGR, 5y	7.2%	Compound annual growth of dividend per share over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Book value growth, 1y	19.0%	Book value vs the same period a year earlier. Only from a positive base.
Book value CAGR, 3y	9.7%	Compound annual growth of book value over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Book value CAGR, 5y	10.5%	Compound annual growth of book value over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	28.4%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	14.0%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	9.7%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	1.2%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	0.9%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.2%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	2.47x	Current assets / current liabilities.
Quick ratio	1.86x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	1.86x	(Cash + short-term investments) / current liabilities.
Liabilities / assets	53.7%	Total liabilities / total assets.
Working capital	$1.90B	Current assets - current liabilities.
Goodwill and intangibles / assets	5.3%	(Goodwill + intangible assets) / total assets.
Tangible book value	$1.61B	Shareholders' equity - goodwill - intangible assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	1.01x	Revenue / average total assets.
Fixed asset turnover	25.0x	Revenue / average property, plant and equipment.
FCF conversion	218.2%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	2.5%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$18.11	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$115.28	Revenue / diluted weighted shares.
FCF per share	$39.53	Free cash flow / diluted weighted shares.
Operating cash flow per share	$40.55	Cash from operations / diluted weighted shares.
Book value per share	$45.18	Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share	$39.10	Tangible book value / shares outstanding.
Cash per share	$58.47	(Cash + short-term investments) / shares outstanding.
Payout ratio	20.1%	Dividends paid / net income, when net income is positive.
Dividends / FCF	9.2%	Dividends paid / free cash flow, when free cash flow is positive.

Valuation

Metric	Value	How it is calculated
Market cap	$10.11B	Share price x shares outstanding.
Enterprise value	$7.71B	Market cap + total debt - cash - short-term investments.
P/E	13.6x	Market cap / net income. Only when net income is positive.
P/S	2.13x	Market cap / revenue.
P/B	5.44x	Market cap / shareholders' equity. Only when equity is positive.
Price / tangible book	6.29x	Market cap / tangible book value, when positive.
P/FCF	6.22x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	6.06x	Market cap / cash from operations, when positive.
EV/Sales	1.63x	Enterprise value / revenue.
EV/FCF	4.74x	Enterprise value / free cash flow, when both are positive.
FCF yield	16.1%	Free cash flow / market cap.
Earnings yield	7.4%	Net income / market cap (the inverse of P/E).
Dividend yield	1.5%	Dividends paid over the period / market cap.
Shareholder yield	1.5%	(Dividends paid + share buybacks) / market cap.
PEG	2.07x	P/E / EPS growth per year over 3 years (in percent). Only when both are positive.

What was Evercore Inc.'s revenue in fiscal 2025?

Evercore Inc. reported revenue of $3.88B for fiscal 2025, 29.5% higher than the year before.

Was Evercore Inc. profitable in fiscal 2025?

Yes. Net income was $591.9M, a net margin of 15.3%.

How much free cash flow did Evercore Inc. generate in fiscal 2025?

Cash from operations of $1.26B minus capital expenditures of $74.0M left free cash flow of $1.18B.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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