Evercore is an independent investment bank advising companies on mergers, acquisitions, and restructurings, with a smaller wealth management arm. Think of it as a high-end dealmaker for corporate boards.
It earns fees from advisory work, which are one-off per deal. In 2025, revenue was $3.88B with a 15.26% net margin, translating to $0.59B net income. Recent quarters show rising margins, hitting 21.51% in Q1 2026.
Its moat is solid due to top-tier M&A advisory reputation and senior talent, which are hard to replicate quickly. However, deal flow is cyclical, and competition from Lazard, PJT, and Goldman Sachs is intense, so the edge is durable but not unassailable.
Sell (sector percentile 11) — value B, growth B-, profitability A, momentum D-, revisions D-. Updated daily, sector-relative, identical for every user.
Key events, in time order
Revenue and EPS fell short of consensus, though both rose year-over-year
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