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Evercore EVR Investment Management — Operating Expenses

Discontinued — last reported Q3 '24

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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 evr:OperatingExpense.

The official record: Evercore’s 10-Q, filed November 6, 2024, on SEC EDGAR. View the filing →

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Questions, answered.

What is Evercore's investment management — operating expenses?
Evercore (EVR) reported investment management — operating expenses of $15.84M in Q3 2024.
How has Evercore's investment management — operating expenses changed year-over-year?
Evercore's investment management — operating expenses increased by 13.4% year-over-year, from $13.97M to $15.84M.
What is the long-term trend for Evercore's investment management — operating expenses?
Over 2 years (2021 to 2023), Evercore's investment management — operating expenses has grown at a 0.5% compound annual growth rate (CAGR), from $52.63M to $53.14M.
What does investment management — operating expenses mean?
The total day-to-day costs of running the investment management division.
How do you interpret investment management — operating expenses?
An increase may indicate scaling operations or rising compensation costs, while a decrease suggests cost-cutting or improved operational efficiency.
How does investment management — operating expenses compare across companies?
Standard across asset management firms as a measure of operating leverage.