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EVCMEverCommerce Inc.
$9.31$1.6B
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  4. Financial Ratios

EverCommerce Inc. (EVCM) Financial Ratios

Latest Ratios: P/E Ratio 97.3x · EV/EBITDA 16.2x · ROE 2.4%. (2019–2025 historical series)

Income StatementBalance SheetCash FlowRatios
AnnualQuarterly

EVCM Valuation Multiples

Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Market Cap$1.6B$2.2B$2.0B$2.1B$1.4B$3.1B——
Enterprise Value$2.1B$2.6B$2.4B$2.5B$1.9B$3.5B——
P/E Ratio →97.28126.54——————
P/S Ratio2.803.782.913.092.336.28——
P/B Ratio2.393.112.712.521.603.12——
P/FCF15.0820.3921.6025.5630.99135.64——
P/OCF14.7819.9817.9919.9222.3582.10——

P/E links to full P/E history page with 30-year chart

EVCM EV Ratios

Enterprise-value multiples — capital-structure-neutral measures of total business value

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
EV / Revenue—4.473.473.743.057.20——
EV / EBITDA16.2520.8327.2623.6723.5947.54——
EV / EBIT34.6844.409634.471040.22————
EV / FCF—24.1225.7630.9540.49155.57——

EVCM Profitability

Margins and return-on-capital ratios measuring operating efficiency

Margins

Full margin charts and quarterly trend are on the Earnings History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Gross Margin77.6%77.6%67.3%65.8%65.0%66.9%65.9%69.8%
Operating Margin10.1%10.1%0.0%0.4%-4.9%-5.5%-6.5%-22.4%
Net Profit Margin3.0%3.0%-5.9%-6.8%-9.6%-16.7%-17.8%-38.7%

Return on Capital

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
ROE2.4%2.4%-5.2%-5.3%-6.3%-10.9%-12.8%-22.6%
ROA1.3%1.3%-2.8%-2.9%-3.7%-5.5%-5.3%-10.2%
ROIC3.9%3.9%0.0%0.1%-1.6%-1.6%-1.7%-5.1%
ROCE4.6%4.6%0.0%0.2%-2.0%-1.9%-2.1%-6.2%

EVCM Leverage & Debt

Solvency and debt-coverage ratios — lower is generally safer

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Debt / Equity0.750.750.700.640.590.551.351.06
Debt / EBITDA4.254.255.934.996.697.3612.74—
Net Debt / Equity—0.570.520.530.490.461.160.92
Net Debt / EBITDA3.223.224.404.125.536.0910.99—
Debt / FCF—3.734.165.399.5019.9313.55—
Interest Coverage1.561.560.010.05-0.90-1.55-0.53-1.74

EVCM Liquidity & Efficiency

Short-term solvency ratios and asset-utilisation metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Current Ratio2.112.111.971.531.721.661.661.94
Quick Ratio2.112.111.971.531.721.661.661.94
Cash Ratio1.291.291.230.790.880.911.111.10
Asset Turnover—0.430.490.440.390.290.250.26
Inventory Turnover————————
Days Sales Outstanding—30.1627.9333.2635.8738.3937.6438.99

EVCM Shareholder Yields

Earnings, FCF, buyback, and dividend yields — total returns to shareholders

Dividends

Full dividend history and growth charts are on the Dividend History page

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Dividend Yield————————
Payout Ratio————————

Total Shareholder Return Metrics

MetricTTMFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019
Earnings Yield1.0%0.8%——————
FCF Yield6.6%4.9%4.6%3.9%3.2%0.7%——
Buyback Yield5.2%3.8%2.8%3.2%3.0%0.0%——
Total Shareholder Yield5.2%3.8%2.8%3.2%3.0%0.0%——
Shares Outstanding—$184M$185M$189M$195M$195M$195M$195M

Key Metrics

Growth RegimeContracting
ProfitabilityStrained
Balance SheetHealthy
Cash FlowMixed
Top Statement Risk

Goodwill impairment and integration

Verified Source

Metrics are mathematically derived from official filings.

SEC 10-K (2026Q1)

Conglomerate Discount Masks Underlying Value

Based on reported figures, EverCommerce trades at a forward P/E of 13.18, which appears to reflect a significant conglomerate discount compared to pure-play vertical SaaS peers, suggesting that the market remains skeptical of the company's ability to drive organic growth across its disparate, multi-vertical software portfolio.

The valuation gap between EverCommerce and specialized peers like Phreesia suggests that investors are discounting the firm's complex structure. While the forward multiple is modest, it implies a market expectation of continued stagnation rather than a turnaround in organic revenue performance.

Capital Efficiency Remains Subdued Historically

As reported in financial statements, EverCommerce's ROIC has struggled to gain traction, hovering near 1.6% in 2026Q1, which indicates that the company is currently failing to generate returns on invested capital that exceed its cost of capital, largely due to the heavy burden of acquired intangible assets.

The persistent low ROIC highlights the difficulty of integrating dozens of disparate software assets into a cohesive, high-return platform. Without a significant improvement in organic margins, the company may continue to see its capital efficiency suppressed by the amortization of past acquisition premiums.

Working Capital Cycles Indicate Stability

According to recent SEC filings, EverCommerce maintains a DSO of approximately 27 to 31 days, which suggests that the company's billing and collection processes remain relatively efficient despite the broader challenges in revenue growth and the fragmented nature of its diverse customer base across multiple vertical markets.

The stability in DSO indicates that the company's core payment processing and subscription billing functions are operating effectively. However, investors should monitor whether these metrics deteriorate if the company is forced to offer more lenient credit terms to retain customers in a competitive SMB environment.

Conservative Leverage Provides Strategic Buffer

Based on the company's reported figures, EverCommerce maintains a disciplined debt-to-equity ratio of 0.75 as of 2025Q4, which provides a necessary financial buffer that allows the firm to navigate its current period of revenue contraction without immediate pressure from debt service obligations or restrictive covenant requirements.

The company's moderate leverage profile is a key defensive feature, especially given the volatility in its operating margins. This balance sheet health suggests that management has the flexibility to pivot its capital allocation strategy if organic growth remains elusive in the coming quarters.

Misapplied Focus on Revenue Multiples

The most commonly misapplied metric for EverCommerce is the P/S ratio, which obscures the company's true earning power by failing to account for the high proportion of transactional revenue that carries lower margins than pure-play SaaS subscriptions, warranting a shift toward EV/EBITDA or FCF-based valuation models.

Relying on P/S ratios for a hybrid SaaS-payments model like EverCommerce is misleading because it treats all revenue as equally scalable. Investors should instead focus on FCF margins to better understand the cash-generative potential of the business after accounting for the high costs of maintaining its multi-vertical infrastructure.

Download Financial Ratios Data

Includes 30+ ratios · 7 years · Updated daily

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EVCM — Frequently Asked Questions

Quick answers to the most common questions about buying EVCM stock.

What is EverCommerce Inc.'s P/E ratio?

EverCommerce Inc.'s current P/E ratio is 97.3x. The historical average is 126.5x.

What is EverCommerce Inc.'s EV/EBITDA?

EverCommerce Inc.'s current EV/EBITDA is 16.2x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA. The historical average is 28.6x.

What is EverCommerce Inc.'s ROE?

EverCommerce Inc.'s return on equity (ROE) is 2.4%. The historical average is -8.7%.

Is EVCM stock overvalued?

Based on historical data, EverCommerce Inc. is trading at a P/E of 97.3x. Compare with industry peers and growth rates for a complete picture.

What are EverCommerce Inc.'s profit margins?

EverCommerce Inc. has 77.6% gross margin and 10.1% operating margin. Operating margin between 10-20% is typical for established companies.

How much debt does EverCommerce Inc. have?

EverCommerce Inc.'s Debt/EBITDA ratio is 4.2x, indicating high leverage. A ratio above 4x may signal elevated financial risk.