Upside case
Bull case
$753+130.9%
EVR would need investors to value it at roughly 40x earnings — about 23x more generous than today's 17x forward P/E. That requires meaningful multiple expansion on top of continued earnings growth.
Analysis OverviewBuyUpdated May 1, 2026
Evercore Inc. (EVR) Stock Analysis
Wall Street verdict, consensus price target, and analyst rating breakdown — everything needed to frame the risk/reward at today's price.
Analyst consensus
Buy
Covering
21
analysts
11 bullish · 1 bearish · 21 covering EVR
Strong Buy
0
Buy
11
Hold
9
Sell
1
Strong Sell
0
Consensus Target
$383
+17.3% vs today
Scenario Range
$176 – $753
Model bear to bull value window
Coverage
21
Published analyst ratings
Valuation Context
17.2x
Forward P/E · Market cap $12.9B
EVR price targets
Three scenarios for where EVR stock could go
Current
~$326
Confidence
59 / 100
Updated
May 1, 2026
Where we are now
Current · $326
Bear
$176
Base
$498
Bull
$753
Market caseClosest to today
Base case
$498+52.7%
At 26x on FY1 earnings, the base case reflects a reasonable but not stretched valuation. It prices in continued growth without assuming an exceptional setup.
Stress case
Bear case
$176-46.0%
If investor confidence fades or macro conditions deteriorate, a 8x multiple contraction could push EVR down roughly 46% from where it trades now.
Not financial advice. Model confidence reflects internal scenario assumptions, not a guarantee of returns. Past performance does not predict future results.
Evercore Inc.
EVR · NYSEFinancial ServicesFinancial - Capital MarketsDecember year-end
Evercore is an independent investment banking advisory firm providing strategic advice on mergers, acquisitions, and capital markets transactions. It generates revenue primarily from investment banking advisory fees — roughly 85% of total revenue — with the remainder coming from investment management services for high-net-worth clients and institutions. The firm's key advantage is its reputation as a premium independent advisor, free from conflicts inherent in large universal banks, which attracts top-tier clients seeking unbiased strategic counsel.
Market Cap
$12.9B
Net Income TTM
$592M
EVR Revenue and Earnings Performance
Quarterly beat-or-miss track record against analyst estimates, plus forward revenue and EPS outlook for the next two fiscal years.
EPS Beat Rate
92%Exceptional
12 quarters tracked
Revenue Beat Rate
83%Exceptional
vs consensus estimates
Avg EPS Surprise
+23.5%
above Street consensus
Beat / Miss Record
BeatMissLeft = EPS · Right = Revenue
Q3 2025
Q4 2025
Q1 2026
Q2 2026
Last 4 Quarters
EPS beats: 4 of 4Q3 2025
EPS
$2.42/$1.78
Revenue
$838M/$720M
Q4 2025
EPS
$3.48/$3.25
Revenue
$1.0B/$951M
Q1 2026
EPS
$5.13/$3.83
Revenue
$1.3B/$1.1B
Q2 2026
EPS
$7.53/$5.43
Revenue
$1.4B/$1.2B
| Quarter | EPS (Actual / Est) | EPS Surprise | Revenue (Actual / Est) | Rev Surprise |
|---|---|---|---|---|
| Q3 2025 | $2.42/$1.78 | +36.0% | $838M/$720M | +16.5% |
| Q4 2025 | $3.48/$3.25 | +7.1% | $1.0B/$951M | +10.0% |
| Q1 2026 | $5.13/$3.83 | +33.9% | $1.3B/$1.1B | +15.8% |
| Q2 2026 | $7.53/$5.43 | +38.7% | $1.4B/$1.2B | +19.4% |
FY1–FY2 Estimates
Revenue Outlook
FY1
$5.0B
+27.8% YoY
FY2
$6.3B
+27.5% YoY
EPS Outlook
FY1
$17.92
+29.7% YoY
FY2
$21.45
+19.7% YoY
Trailing FCF (TTM)$1.2B
Next Earnings
—
Expected EPS
—
Expected Revenue
—
EVR beat EPS estimates in 4 of 4 tracked quarters. A perfect track record raises the bar for the upcoming report.
EVR Revenue Breakdown by Segment
Product and geographic revenue mix from the latest annual disclosure, with year-over-year growth by segment.
Latest disclosure
FY 2025
Total disclosed revenue $3.9B
Product Mix
Latest annual revenue by segment or product family
Investment Banking and Equities
97.7%
+30.0% YoY
Tap, hover, or focus a slice to inspect segment detail.
Geographic Mix
Latest annual revenue by reported region
Americas
46.0%
YoY unavailable
Tap, hover, or focus a slice to inspect segment detail.
Investment Banking and Equities is the largest disclosed segment at 97.7% of FY 2025 revenue, up 30.0% YoY.
Americas is the largest reported region at 46.0%, with no year-over-year comparison yet.
EVR Valuation Snapshot
Current multiples compared to the S&P 500, the company's sector, and its own five-year average.
Relative Value Signal
Overvalued
Fair value est. $247 — implies -22.0% from today's price.
Premium to Fair Value
22.0%
above fair value
Deep DiscountFair ValueVery Expensive
vs S&P 500 Trailing P/E
EVR
23.2x
vs
S&P 500
25.1x
8% discount
vs Financial Services Trailing P/E
EVR
23.2x
vs
Financial Services
13.3x
+74% premium
vs EVR 5Y Avg P/E
Today
23.2x
vs
5Y Average
19.8x
+17% premium
Forward PE
17.2x
S&P 500
19.1x
-10%
Financial Services
10.4x
+66%
5Y Avg
—
—
Trailing PE
23.2x
S&P 500
25.1x
-8%
Financial Services
13.3x
+74%
5Y Avg
19.8x
+17%
PEG Ratio
2.05x
S&P 500
1.72x
+20%
Financial Services
1.01x
+103%
5Y Avg
—
—
EV/EBITDA
15.7x
S&P 500
15.2x
+3%
Financial Services
11.4x
+37%
5Y Avg
14.1x
+11%
Price/FCF
10.9x
S&P 500
21.1x
-48%
Financial Services
10.6x
+4%
5Y Avg
10.7x
+2%
Price/Sales
3.3x
S&P 500
3.1x
+6%
Financial Services
2.2x
+50%
5Y Avg
2.8x
+19%
Dividend Yield
1.00%
S&P 500
1.87%
-47%
Financial Services
2.70%
-63%
5Y Avg
1.77%
-44%
| Metric | EVR | S&P 500 | Financial Services | 5Y Avg EVR |
|---|---|---|---|---|
| Forward PE | 17.2x | 19.1x | 10.4x+66% | — |
| Trailing PE | 23.2x | 25.1x | 13.3x+74% | 19.8x+17% |
| PEG Ratio | 2.05x | 1.72x+20% | 1.01x+103% | — |
| EV/EBITDA | 15.7x | 15.2x | 11.4x+37% | 14.1x+11% |
| Price/FCF | 10.9x | 21.1x-48% | 10.6x | 10.7x |
| Price/Sales | 3.3x | 3.1x | 2.2x+50% | 2.8x+19% |
| Dividend Yield | 1.00% | 1.87% | 2.70% | 1.77% |
EVR trades above S&P 500 benchmarks on 1 of 6 measured multiples — appears modestly priced relative to the S&P 500 on most measures.
Forward P/E and PEG reflect analyst consensus estimates. Historical averages use trailing ratios where forward data is unavailable.S&P 500 and sector benchmarks both use trailing median P/E — similar readings indicate the broader index and sector are priced alike.
Open valuation toolEVR Financial Health
Verdict
Exceptional
EVR generates 29.3% ROE and 14.1% return on assets — the two primary signals for banking profitability. FCF-based metrics are not applicable to financial companies.
Earnings Engine
Revenue, profitability, and return on capital
Revenue (TTM)
Trailing-twelve-month sales base
—
Revenue Growth
TTM vs prior year
—
Operating Margin
Operating income divided by revenue
—
Net Margin
Net income divided by revenue
—
EPS (TTM)
Diluted earnings per share, trailing twelve months
$13.82
ROE
Return on equity — the primary profitability signal for banks
29.3%
Capital Quality
ROIC, leverage, and debt serviceability
ROIC
Return on invested capital — primary competitive quality signal
18.8%
ROA
Return on assets, trailing twelve months
14.1%
Cash & Equivalents
Liquid assets on the balance sheet
$1.5B
Net Cash
Cash exceeds total debt — no net leverage
$311M
FCF Analysis
Traditional FCF and debt/FCF ratios are not meaningful for financial companies. Focus on ROE and ROA above.
ROE
Return on equity — the headline bank profitability metric
29.3%
Shareholder Returns
How capital is returned to owners
Total shareholder yield
6.1%
Dividend
1.0%
Buyback
5.1%
Share Repurchases
Trailing buyback outflow — dollar magnitude of capital returned
$662M
Dividend / Share
Annualized trailing dividend per share
$3.25
Payout Ratio
Share of earnings distributed as dividends
24.4%
Shares Outstanding
Declining as buybacks retire shares
40M
All figures from the trailing twelve months. For financial companies, ROE and ROA are the primary health signals — FCF-based metrics are not applicable.
Open full ratios pageEVR Stock Risk Factors
Key factors that could pressure the stock price, compress the multiple, or weigh on future results.
AI analysis · updated April 11, 2026
High Risk
Fee-Dependent Business Model
Evercore’s revenue is almost entirely fee‑based, so a downturn in deal flow, market declines, or reduced client inflows can sharply cut advisory fees. Unlike banks, the firm has no significant interest income to cushion revenue volatility.
Medium
Share Price Volatility
Global securities markets experience large price and volume swings; such volatility, coupled with macro‑economic or political shocks, can depress EVR’s share price regardless of operational performance.
Medium
Market Cycles & Macro Conditions
The firm’s fee‑focused model requires continuous deal execution across varying market cycles. Adverse macro conditions can reduce transaction volumes and delay fee realization.
Lower
Accounting & Financial Operations
Potential accounting losses, fluctuations in intangible asset values, and reporting issues could erode profitability and affect dividend payments.
Lower
Debt & Financing
Evercore’s exposure to debt and financing, including interest rate fluctuations, could increase borrowing costs and strain cash flows.
Lower
Tax Receivable Agreements
Agreements may trigger substantial payments to Senior Managing Directors, and changes in tax legislation could increase these obligations.
Lower
Geopolitical Environment & Policy Uncertainty
External geopolitical events and policy shifts can disrupt merger and acquisition activity, dampening revenue momentum.
These are risk mechanisms, not predictions. The key question is which would force a cut to earnings estimates or a lower multiple than the market currently prices in.
Why EVR Stock Could Outperform
Structural drivers behind the upside case and why the stock could outperform over the next 12 months.
AI analysis · updated April 11, 2026
Accelerating Revenue Growth
Evercore posted a 29.49% year‑over‑year increase in revenue for the twelve months ending December 31, 2025, reaching $3.88 billion. The growth trajectory has been steady, with a 22.67% rise in 2024 versus 2023, underscoring the firm’s expanding deal pipeline.
High Profitability & Cash Generation
The firm achieved a trailing twelve‑month net income margin of 15.3% and a return on equity of 27.6% (30% in some analyses). It generated $1.2 billion in free cash flow over the last 12 months, earning a perfect 100/100 cash‑generation score.
M&A Market Upswing
Analysts project a strengthening M&A environment in late 2025 and into 2026, expected to drive Evercore’s revenue momentum. With $6 trillion of private‑equity dry powder available, the firm is positioned to capture a surge in advisory work.
Strategic Global Expansion
Evercore’s acquisition of Robey Warshaw, a European advisory boutique, extends its global M&A advisory footprint and enhances cross‑border deal capabilities. The move strengthens the firm’s presence in key international markets.
Dividend Growth & Safety
Evercore has delivered a 10‑year dividend CAGR of +11% and maintains a low payout ratio of 23%, indicating dividend sustainability. The current annual dividend of $3.36 translates to a yield of 0.99%.
A real bull case compounds — each driver matters most when it strengthens margins, supports capital returns, and keeps the company above the market's minimum growth bar simultaneously.
EVR Stock Price Performance
52-week range context and price returns across multiple time horizons. Dividend contribution is shown separately in the Capital Return section.
Current Price
$326.17
52W Range Position
66%
52-Week Range
Current price plotted between the 52-week low and high.
52-Week Low
$205.43
+58.8% from the low
52-Week High
$388.71
-16.1% from the high
1 Month
+7.01%
3 Month
-7.11%
YTD
-7.1%
1 Year
+53.9%
3Y CAGR
+44.3%
5Y CAGR
+17.9%
10Y CAGR
+20.7%
Range context matters because valuation compression and earnings misses rarely hit from the same starting point. A stock already far below its high can still fall, but it is no longer carrying the same embedded optimism as one pressing a fresh peak.
EVR vs Peers
Valuation, growth, and margin comparison against the closest publicly traded peers for this company.
Peer Set
Accurate peer set
Forward PE
17.2x
vs 19.5x median
-12% below peer median
Revenue Growth
+27.8%
vs +13.9% median
+99% above peer median
Net Margin
—
vs — median
Peer median unavailable
| Company | Mkt Cap | Fwd PE | Rev Grw | Margin | Rating | Upside |
|---|---|---|---|---|---|---|
EVR EVR Evercore Inc. | $12.9B | 17.2x | +27.8% | — | Buy | +17.3% |
LAZ LAZ Lazard Ltd | $4.2B | 14.1x | +3.8% | — | Buy | +4.9% |
PJT PJT PJT Partners Inc. | $3.7B | 20.4x | +13.9% | — | Hold | +4.4% |
MC MC Moelis & Company | $4.7B | 20.7x | +24.6% | — | Hold | +15.6% |
HLI HLI Houlihan Lokey, Inc. | $10.3B | 19.5x | +22.6% | — | Buy | +33.2% |
PWP PWP Perella Weinberg Partners | $2.0B | 17.7x | -9.2% | — | Buy | +3.5% |
This peer comparison reflects companies with similar business models, product lines, or market positioning, supplemented by industry grouping when direct matches are limited.
EVR Dividend and Capital Return
EVR returns capital mainly through $662M/year in buybacks (5.1% buyback yield), with a modest 1.00% dividend — combining for 6.1% total shareholder yield. The dividend has grown for 18 consecutive years.
Dividend SustainableFCF Well Covered
Total Shareholder Yield
6.1%
Dividend + buyback return per year
Buyback Yield
5.1%
Dividend Yield
1.00%
Payout Ratio
24.4%
How EVR Splits Its Return
Div 1.00%
Buyback 5.1%
Dividend 1.00%Buybacks 5.1%
Dividend Profile
Yield, cadence, and growth quality
Dividend / Share
Trailing annualized cash dividend
$3.25
Growth Streak
Consecutive years of dividend increases
18Y
3Y Div CAGR
5.3%
5Y Div CAGR
7.2%
Ex-Dividend Date
—
Payment Cadence
Semi-Annual
5 payments over the last 12 months
Buyback Engine
How much per-share support comes from repurchases
Repurchases (TTM)
Cash used for buybacks in the latest trailing period
$662M
Estimated Shares Retired
2M
Approx. Share Reduction
5.1%
Shares Outstanding
Current diluted share count from the screening snapshot
40M
At 5.1%/year, buybacks mechanically lift EPS even with flat earnings — each remaining share represents a slightly larger piece of the company.
| Year | Div / Share | YoY Grw | BB Yield | Total Yield |
|---|---|---|---|---|
| 2026 | $1.73 | — | — | — |
| 2025 | $3.32 | +5.1% | 4.4% | 5.3% |
| 2024 | $3.16 | +5.3% | 3.9% | 5.1% |
| 2023 | $3.00 | +5.6% | 5.7% | 7.6% |
| 2022 | $2.84 | +7.2% | 12.3% | 15.1% |
FAQ
7 questionsEVR Investor Questions
Common questions answered from live analyst data and company financials.
01Is Evercore Inc. (EVR) stock a buy or sell in 2026?
Evercore Inc. (EVR) is rated Buy by Wall Street analysts as of 2026. Of 21 analysts covering the stock, 11 rate it Buy or Strong Buy, 9 rate it Hold, and 1 rate it Sell or Strong Sell. The consensus 12-month price target is $383, implying +17.3% from the current price of $326. The bear case scenario is $176 and the bull case is $753.
02What is the EVR stock price target for 2026?
The Wall Street consensus price target for EVR is $383 based on 21 analyst estimates. The high-end target is $420 (+28.8% from today), and the low-end target is $330 (+1.2%). The base case model target is $498.
03Is Evercore Inc. (EVR) stock overvalued in 2026?
EVR trades at 17.2x times forward earnings. The stock's valuation is broadly in line with the broader market. Based on current multiples versus the peer group, the relative model signals overvalued. Whether the stock is over or undervalued ultimately depends on whether consensus earnings estimates are achievable.
04What are the main risks for Evercore Inc. (EVR) stock in 2026?
The primary risks for EVR in 2026 are: (1) Fee-Dependent Business Model — Evercore’s revenue is almost entirely fee‑based, so a downturn in deal flow, market declines, or reduced client inflows can sharply cut advisory fees. (2) Share Price Volatility — Global securities markets experience large price and volume swings; such volatility, coupled with macro‑economic or political shocks, can depress EVR’s share price regardless of operational performance. (3) Market Cycles & Macro Conditions — The firm’s fee‑focused model requires continuous deal execution across varying market cycles. Each factor has the potential to pressure earnings or compress the stock's valuation multiple.
05What is Evercore Inc.'s revenue and earnings forecast?
Analyst consensus estimates EVR will report consensus revenue of $5.0B (+27.8% year-over-year) and EPS of $17.92 (+29.7% year-over-year) for the upcoming fiscal year. The following year, analysts project $6.3B in revenue.
06When does Evercore Inc. (EVR) report its next earnings?
A confirmed upcoming earnings date for EVR is not yet available. Check the Earnings section above for the most recent quarterly report dates and forward estimates.
07How much free cash flow does Evercore Inc. generate?
Evercore Inc. (EVR) generated $1.2B in free cash flow over the trailing twelve months. EVR returns capital to shareholders through dividends (1.0% yield) and share repurchases ($662M TTM).