How do you interpret investment banking — principal investment gains losses?

Higher gains indicate successful proprietary investment strategies and favorable market conditions for the firm's holdings.

How does investment banking — principal investment gains losses compare across companies?

Standard for investment banks with balance sheet exposure; peers include Goldman Sachs or Lazard, which also report principal investment performance.

Evercore EVR Investment Banking — Principal Investment Gains Losses

Discontinued — last reported Q4 '17

Similar metrics at other companies

CGPrincipal Investment Income Loss Realized — Investment Income Net

$159.33M+204%

CGPrincipal Investment Income — Investment Income Net

-$136.6M-171%

CGPrincipal investment income — Investment income (loss)

$319.6M+78.4%

BXReal Estate — Realized Principal Investment Income Loss

-$8.81M-2,623%

ARESPrincipal investment income — Principal investment income (loss)

$10.96M-62.8%

CGOperating Segments — Realized Principal Investment Income Loss

$18.7M+446%

Other financials

Income statement

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Revenue$1.4B+100%

Net income$301.2M+106%

EPS (diluted)$7.20+107%

Balance sheet

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Cash & equivalents$996.1M+77.0%

Total debt$1.1B+29.6%

Total equity$1.8B+18.3%

Total assets$4.3B+31.9%

Cash flow

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Operating cash flow-$225.9M+58.9%

CapEx$3.1M-84.2%

Free cash flow-$229.0M+59.8%

Valuation

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Market cap$14.38B+51.3%

Enterprise value$14.48B+47.3%

P/E19.3×-2.4×

P/S3.2×+0.1×

Profitability

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Net margin16.4%+2.2pp

FCF margin33.4%+11.8pp

Returns & leverage

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Return on equity45.4%+15.7pp

Debt / equity0.6×+0.1×

Current ratio2.8×-0.5×

Where this comes from

Reported directly by Evercore in its filing.

Tagged under the XBRL concept us-gaap:PrincipalInvestmentGainsLosses.

The official record: Evercore’s 10-K, filed February 25, 2020, on SEC EDGAR. View the filing →

Questions, answered.

What does investment banking — principal investment gains losses mean?: The net profit or loss generated from the firm's own investment portfolio.
How do you interpret investment banking — principal investment gains losses?: Higher gains indicate successful proprietary investment strategies and favorable market conditions for the firm's holdings.
How does investment banking — principal investment gains losses compare across companies?: Standard for investment banks with balance sheet exposure; peers include Goldman Sachs or Lazard, which also report principal investment performance.