Evercore Inc. (EVR) intrinsic value & 10-year financials
Evercore Inc. (EVR) has a Graham intrinsic value of $466.68 per share. At $254.08 on Oct 17, 2026, the stock trades 46% below that value. Over the last 10 fiscal years revenue grew 11.5% a year to $3.9B, with an average return on invested capital of -84.3%.
- Graham intrinsic value
- $466.68
- Share price (Oct 17, 2026)
- $254.08
- Price vs Graham value
- 46% below
- Market cap
- $10.7B
- Revenue (FY2025)
- $3.9B
- Revenue growth (10-yr CAGR)
- 11.5%
- ROIC (10-yr avg)
- -84.3%
- Free cash flow (FY2025)
- $1.2B
EVR 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $3.9B | $591.9M | $14.05 | $1.2B | — | 34.8% |
| FY2024 | $3.0B | $378.3M | $9.08 | $958.0M | — | 21.7% |
| FY2023 | $2.4B | $255.5M | $6.37 | $437.9M | — | 15.4% |
| FY2022 | $2.8B | $476.5M | $11.61 | $508.2M | — | 32.4% |
| FY2021 | $3.3B | $740.1M | $17.08 | $1.4B | — | 59.4% |
| FY2020 | $2.3B | $350.6M | $8.22 | $925.0M | — | 36.8% |
| FY2019 | $2.0B | $297.4M | $6.89 | $433.9M | — | 74.8% |
| FY2018 | $2.1B | $377.2M | $8.33 | $816.2M | — | -1161.8% |
| FY2017 | $1.7B | $125.5M | $2.80 | $485.3M | — | 23.4% |
| FY2016 | $1.5B | $107.5M | $2.43 | $397.7M | — | 20.4% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Evercore Inc. is a consistent compounder, expanding top-line revenue at 11.5% annually over the past decade.
Evercore Inc. has earned high returns on invested capital, averaging 32.9% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Evercore Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Evercore Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $466.68 per share.