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EVR Stock Analysis: Hold (Score 58.4/100) | Blank Capital Research | Blank Capital Research
EVR
Evercore Inc.
$337.90
+2.94 (+0.88%)
Score58.4
Data as of Apr 6, 2026
EVR
Evercore Inc.
FinancialsTrading
$337.90
+2.94 (+0.88%)
Open $335.45High $338.73Low $330.19Prev $334.96Vol ---52W: $148.63 – $388.71
Hold
Composite score
01234567890123456789.0123456789
Global rank
#949
Percentile
Top 21%
Business quality
81st
percentile
Exceptional capital efficiency and structural profitability. This enterprise generates superior returns on invested capital compared to industry peers.
Relative valuation derived from Financials sector median benchmarks. Model weights: EV/EBITDA (40%), P/B (35%), P/S (25%). Multiples adjusted for extreme outliers and non-recurring volatility.
Auditing capital efficiency...
Quality Profile Audit
Score: 80.5GRADE A
Composite assessment of profitability, capital efficiency, and financial strength. Top-tier entities demonstrate sustainable cash flow generation.
Return on Equity
Profit generated per dollar of shareholder equity
21.8%
Sector: 8.5%
Dividend Analysis audit
GROWTH
0.97%
Trailing Yield
$0.97
Per $100 Invested
Modest dividend — capital prioritized for reinvestment.
Est. Payout Ratio
23%SAFE
Analyst Projections
Analyst Consensus
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Based on our 6-factor quantitative model, Evercore Inc. (EVR) receives a "Hold" rating with a composite score of 58.4/100, ranked #949 out of 4446 stocks. Key factor scores: Quality 81/100, Value 65/100, Momentum 49/100. This is quantitative analysis only — not investment advice.
Evercore Inc. (EVR) Stock Analysis — April 2026 Rating, Price, and Forecast
Company Overview — What Does Evercore Inc. Do?
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. Evercore Inc. (EVR) is classified as a large-cap stock in the Financials sector, specifically within the Trading industry. The company is led by CEO John S. Weinberg and employs approximately 2,120 people, headquartered in NEW YORK, New York. With a market capitalization of $11.9B, EVR is one of the prominent companies in the Financials sector.
Evercore Inc. (EVR) Stock Rating — Hold (April 2026)
As of April 2026, Evercore Inc. receives a Hold rating with a composite score of 58.4/100 and 3 out of 5 stars from the Blank Capital Research quantitative model.EVR ranks #949 out of 4,446 stocks in our coverage universe. Within the Financials sector, Evercore Inc. ranks #290 of 891 stocks, placing it in the upper half of its Financials peers. The rating is generated by a multi-factor model that weighs quality (30%), momentum (25%), value (15%), investment (10%), stability (10%), and short interest (10%).
EVR Stock Price and 52-Week Range
Evercore Inc. (EVR) currently trades at $337.90. The stock gained $2.94 (0.9%) in the most recent trading session. The 52-week high for EVR is $388.71, which means the stock is currently trading -13.1% from its annual peak. The 52-week low is $148.63, putting the stock 127.3% above its annual trough. Recent trading volume was 451K shares, suggesting relatively thin trading activity.
Is EVR Overvalued or Undervalued? — Valuation Analysis
Evercore Inc. (EVR) carries a value factor score of 65/100 in the Blank Capital model, indicating fair valuation relative to historical norms. The trailing price-to-earnings ratio is 24.01x, compared to the Financials sector average of 14.88x — a premium of 61%. The price-to-book ratio stands at 5.24x, versus the sector average of 1.22x. The price-to-sales ratio is 3.66x, compared to 0.90x for the average Financials stock. On an enterprise value basis, EVR trades at 18.83x EV/EBITDA, versus 3.26x for the sector.
Overall, EVR's valuation appears roughly in line with sector benchmarks, suggesting the market is pricing the stock fairly given its current fundamentals and growth trajectory. Neither deep value nor significantly overpriced, the stock occupies a middle ground on valuation.
Evercore Inc. Profitability — ROE, Margins, and Quality Score
Evercore Inc. (EVR) earns a quality factor score of 81/100, reflecting elite profitability and capital efficiency that places it among the highest-quality businesses in the market. The return on equity (ROE) is 21.8%, compared to the Financials sector average of 8.5%, which demonstrates strong shareholder value creation. Return on assets (ROA) comes in at 9.4% versus the sector average of 1.2%.
On a margin basis, Evercore Inc. reports gross margins of 0.0%. The operating margin is 18.4% (sector: 21.8%). Net profit margin stands at 15.4%, versus 17.7% for the average Financials stock. Revenue growth is running at 50.8% on a trailing basis, compared to 9.4% for the sector. These metrics collectively paint a picture of a highly profitable business with durable competitive advantages.
EVR Debt, Balance Sheet, and Financial Health
Evercore Inc. has a debt-to-equity ratio of 131.0%, compared to the Financials sector average of 121.0%. Leverage is within a manageable range for the industry, though investors should monitor debt trends over time. The current ratio is 2.16x, indicating strong short-term liquidity. Total debt on the balance sheet is $595M. Cash and equivalents stand at $852M.
EVR has a beta of 1.76, meaning it is more volatile than the broader market — a $10,000 investment in EVR would be expected to move 75.7% more than the S&P 500 on any given day. The stability factor score for Evercore Inc. is 51/100, reflecting average volatility within the normal range for its sector.
Evercore Inc. Revenue and Earnings History — Quarterly Trend
In TTM 2026, Evercore Inc. reported revenue of $3.32B and earnings per share (EPS) of $15.29. Net income for the quarter was $506M. Gross margin was 0.0%. Operating income came in at $619M.
In FY 2025, Evercore Inc. reported revenue of $3.88B and earnings per share (EPS) of $15.29. Net income for the quarter was $641M. Revenue grew -56.2% year-over-year compared to FY 2024. Operating income came in at $814M.
In Q3 2025, Evercore Inc. reported revenue of $1.05B and earnings per share (EPS) of $3.73. Net income for the quarter was $157M. Revenue grew 41.7% year-over-year compared to Q3 2024. Operating income came in at $223M.
In Q2 2025, Evercore Inc. reported revenue of $838M and earnings per share (EPS) of $2.51. Net income for the quarter was $107M. Revenue grew 20.9% year-over-year compared to Q2 2024. Operating income came in at $155M.
Over the past 8 quarters, Evercore Inc. has demonstrated a growth trajectory, with revenue expanding from $693M to $3.32B. Investors analyzing EVR stock should weigh these quarterly trends alongside the valuation and quality metrics discussed above.
EVR Dividend Yield and Income Analysis
Evercore Inc. (EVR) currently pays a dividend yield of 1.0%. At this yield, a $10,000 investment in EVR stock would generate approximately $$97.00 in annual dividend income. This compares to the Financials sector average dividend yield of 2.5%, meaning EVR yields less than the typical sector peer. With a net margin of 15.4%, the dividend appears well-covered by earnings, suggesting sustainable payouts going forward.
EVR Momentum and Technical Analysis Profile
Evercore Inc. (EVR) has a momentum factor score of 49/100, reflecting neutral trend characteristics. The stock is neither significantly outperforming nor underperforming the broader market on a momentum basis. The investment factor score is 22/100, which measures capital allocation efficiency and asset growth patterns. The short interest score of 48/100 reflects moderate short selling activity.
EVR vs Competitors — Financials Sector Ranking and Peer Comparison
Comparing EVR against the S&P 500 benchmark is also instructive for understanding relative performance. Investors can view the full EVR vs S&P 500 (SPY) comparison to assess how Evercore Inc. stacks up against the broader market across all factor dimensions.
EVR Next Earnings Date
No upcoming earnings date has been announced for Evercore Inc. (EVR) at this time. Check the earnings calendar for the latest scheduling updates across all stocks in our coverage universe.
Should You Buy EVR? — Investment Thesis Summary
Evercore Inc. presents a balanced picture with arguments on both sides. The quality score of 81/100 indicates above-average profitability and business fundamentals. The value score of 65/100 suggests attractive pricing relative to fundamentals.
In summary, Evercore Inc. (EVR) earns a Hold rating with a composite score of 58.4/100 as of April 2026. The rating is derived from the Blank Capital Research methodology, which combines six factor dimensions into a single quantitative ranking. Investors should consider these quantitative signals alongside their own fundamental research, risk tolerance, and investment time horizon before making buy or sell decisions on EVR stock.
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Institutional Research Dossier
Evercore Inc. (EVR) Deep Dive Analysis
Published on March 24, 2026
Action RatingHold
Sections
Executive Summary
We maintain a Hold rating on Evercore (EVR), driven by a balanced view of its strong profitability and revenue growth against a relatively rich valuation and inherent cyclicality of the investment banking sector. While Evercore's impressive ROE and recent revenue surge are compelling, the current P/E ratio exceeding the sector average and the company's sensitivity to economic downturns warrant caution.
Evercore's strategic focus on high-value advisory services and its established position in the M&A market provide a solid foundation, but the dependence on deal flow and potential for increased competition pose challenges. The Hold rating reflects our assessment that the current market price adequately reflects both the opportunities and risks associated with Evercore's business model.
Business Strategy & Overview
Evercore operates primarily as an independent investment banking advisory firm, distinguishing itself from larger, full-service banks by focusing on providing conflict-free advice. The firm's core business revolves around two segments: Investment Banking and Investment Management. The Investment Banking segment, the primary revenue driver, offers strategic advisory services, including M&A, restructuring, and capital markets advice. This segment leverages a content-led platform to serve institutional investor clients, providing research, sales, and trading services.
Evercore's strategic positioning emphasizes high-value, complex transactions, allowing it to command premium fees. The firm has cultivated a reputation for expertise in advising on large, transformative deals, often involving cross-border transactions. This specialization requires a deep understanding of industry dynamics and regulatory environments, as well as strong relationships with key decision-makers.
The Investment Management segment complements the Investment Banking business by providing wealth management services to high-net-worth individuals and managing financial assets for institutional investors. While smaller in scale compared to Investment Banking, this segment offers a more stable and recurring revenue stream, diversifying Evercore's overall earnings base.
Evercore's growth strategy involves both organic expansion and strategic acquisitions. The firm has consistently invested in attracting and retaining top talent, recognizing that its intellectual capital is its most valuable asset. Furthermore, Evercore has selectively acquired smaller advisory firms to expand its geographic reach and industry expertise. This approach allows Evercore to enhance its service offerings and penetrate new markets.
The company's success is heavily reliant on the overall health of the M&A market and the broader economic environment. Periods of economic expansion and increased corporate confidence typically lead to higher deal volumes, benefiting Evercore's Investment Banking segment. Conversely, economic downturns and market volatility can significantly reduce deal activity, negatively impacting the firm's revenue and profitability.
Execution Benchmarks audit
Revenue Growth
YOY expansion rate
50.8%
Sector: 9.4%
+442% VS SCTR
Economic Moat Analysis
Evercore possesses a Narrow economic moat, primarily derived from its intangible assets and, to a lesser extent, switching costs. The firm's reputation for providing high-quality, independent advice in complex M&A transactions is a key differentiator. This reputation, built over years of successful deal execution, creates a barrier to entry for new competitors and allows Evercore to command premium fees.
The intangible asset moat is further reinforced by Evercore's strong brand recognition within the investment banking industry. The firm's name is associated with expertise, integrity, and a commitment to client service. This brand equity attracts both clients and top talent, creating a virtuous cycle of success.
Switching costs also contribute to Evercore's moat, although to a lesser extent. Once a company engages Evercore for a significant M&A transaction, it becomes difficult and costly to switch to another advisor mid-deal. The knowledge and relationships that Evercore develops during the initial stages of the transaction create a degree of stickiness.
However, Evercore's moat is not as wide as some of its larger, more diversified competitors. The firm's reliance on advisory services makes it vulnerable to fluctuations in deal flow and increased competition from other boutique investment banks. Furthermore, the investment banking industry is characterized by high employee mobility, which can erode Evercore's competitive advantage if key personnel leave the firm.
The moat is further constrained by the commoditized nature of some advisory services. While Evercore specializes in complex transactions, many smaller deals can be handled by a wider range of investment banks. This limits Evercore's pricing power and reduces its ability to consistently outperform its peers.
In summary, Evercore's intangible assets and switching costs provide a narrow economic moat, protecting its market share and profitability to some extent. However, the firm's reliance on deal flow, competition, and employee mobility limit the width and durability of its moat.
Financial Health & Profitability
Evercore's financial health exhibits a mixed profile, characterized by strong revenue growth and profitability but also some areas of concern. The company's revenue has demonstrated significant growth, with a TTM revenue of $3.88 billion and a remarkable 50.8% revenue growth compared to the sector average of 9.3%. This growth is further highlighted by the FY2025 revenue of $3.88B, a substantial increase from FY2023's $2.44B, indicating a strong upward trajectory.
Profitability metrics are also robust. The company boasts a TTM net income of $640.71 million and an impressive ROE of 21.8%, significantly exceeding the sector average of 8.5%. The operating margin, while slightly below the sector average (18.4% vs. 22.0%), remains healthy, and the net margin of 15.4% is also competitive. The quarterly financial history reveals consistent operating margins, generally above 15%, indicating stable profitability.
However, the company's balance sheet presents some leverage concerns. The debt-to-equity ratio of 131.00 is higher than the sector average of 115.00, suggesting a greater reliance on debt financing. While the current ratio of 2.16 indicates strong liquidity and the ability to meet short-term obligations, the elevated debt level warrants close monitoring.
Cash flow generation is another area of consideration. While the TTM free cash flow is $284.26 million, the absence of FCF data for several quarters in the provided history makes it difficult to assess the consistency and sustainability of cash flow generation. The FY2024 FCF of $1.85B is an outlier, likely due to specific events during that year, and should not be considered representative of the company's typical cash flow profile.
Overall, Evercore's financial health is characterized by strong revenue growth and profitability, offset by a higher-than-average debt-to-equity ratio and limited visibility into consistent cash flow generation. The company's ability to maintain its growth trajectory while managing its debt levels will be crucial for its long-term financial stability.
Valuation Assessment
Evercore's valuation presents a mixed picture, with some metrics suggesting a premium valuation while others indicate relative attractiveness. The company's P/E ratio of 18.0x is higher than the sector average of 15.5x, suggesting that investors are willing to pay a premium for Evercore's earnings. This premium could be attributed to the company's strong revenue growth and high ROE.
However, the EV/EBITDA ratio of 3.2x is slightly below the sector average of 3.5x, indicating that Evercore's enterprise value is relatively lower compared to its earnings before interest, taxes, depreciation, and amortization. This could be due to the company's capital-light business model and strong cash flow generation (although consistent FCF data is limited).
Given the company's high ROE of 21.8%, the premium P/E ratio might be justified. Investors often assign higher valuations to companies that can generate superior returns on equity, as this indicates efficient capital allocation and strong competitive advantages. However, it's important to consider the sustainability of this high ROE, as it could be influenced by cyclical factors or one-time events.
The BCR proprietary quant model assigns a Value score of 67/100, suggesting that the stock is not significantly overvalued or undervalued based on its multiples. However, the Momentum score of 49/100 indicates that the stock's price and earnings revisions have been relatively weak, which could be a cause for concern.
Overall, Evercore's valuation appears to be fair to slightly expensive, considering its strong growth and profitability but also its cyclicality and higher-than-average debt levels. Investors should carefully consider the company's growth prospects and risk factors before making an investment decision.
Risk & Uncertainty
Evercore faces several specific risks that could impact its business and financial performance. A primary risk is the cyclicality of the investment banking industry. Evercore's revenue is heavily dependent on M&A activity, which tends to fluctuate with economic cycles. A recession or market downturn could significantly reduce deal volumes, negatively impacting Evercore's revenue and profitability.
Competition is another significant risk. The investment banking industry is highly competitive, with numerous large and boutique firms vying for deals. Increased competition could lead to lower fees and reduced market share for Evercore. The firm also faces competition for talent, as skilled investment bankers are in high demand.
Operational risk is also a factor. Evercore's business involves advising on complex transactions, which can expose the firm to legal and reputational risks. A failure to properly advise a client or a breach of confidentiality could result in significant financial losses and damage to the firm's reputation.
Key person risk is also relevant. Evercore relies on the expertise and relationships of its senior bankers to generate business. The loss of one or more key personnel could negatively impact the firm's ability to win deals and maintain client relationships.
Finally, regulatory risk is a consideration. The investment banking industry is subject to extensive regulation, and changes in regulations could impact Evercore's business model and profitability. For example, new regulations on M&A activity or capital markets could increase compliance costs or reduce deal volumes.
Bulls Say / Bears Say
The Bull Case
BULL VIEWEvercore's focus on high-value advisory services allows it to command premium fees and generate superior returns compared to its peers.
BULL VIEWThe company's strong brand reputation and experienced team of investment bankers position it well to capitalize on future growth opportunities in the M&A market.
BULL VIEWEvercore's Investment Management segment provides a stable and recurring revenue stream, diversifying the company's earnings base and reducing its reliance on volatile M&A activity.
The Bear Case
BEAR VIEWEvercore's reliance on M&A activity makes it highly vulnerable to economic downturns and market volatility, which could significantly reduce its revenue and profitability.
BEAR VIEWThe company's higher-than-average debt-to-equity ratio increases its financial risk and could limit its ability to invest in future growth opportunities.
BEAR VIEWIncreased competition from other investment banks could erode Evercore's market share and pricing power, negatively impacting its long-term financial performance.
About the Author
Marques Blank
Founder & Chief Investment Officer, Blank Capital
Marques brings 15 years of institutional finance and investing experience, having overseen financial planning for a $1.6B defense business unit. He developed the proprietary 6-factor quantitative model used to score EVR and 4,400+ other equities.
Evercore Inc. exhibits a 294% valuation premium relative to institutional benchmarks. This represents a potential valuation overextension based on current multiples.
Return on Assets
Efficiency of asset utilization
9.4%
Sector: 1.2%
Gross Margin
Pricing power and cost efficiency
0.0%
Sector: 0.0%
Operating Margin
Core business profitability
18.4%
Sector: 21.8%
Net Margin
Bottom-line profitability
15.4%
Sector: 17.7%
Factor Methodology
The Quality factor evaluates the persistence and magnitude of cash flows. Companies with scores >70 exhibit superior competitive moats and financial resilience through economic cycles.
Sector Avg Yield2.48%
Yield Delta-61%
Income Projection audit
A $10,000 investment would generate approximately $97 annually in dividends at the current trailing rate.
