Evercore vs Lazard
Evercore is the larger business, with $3.88bn of revenue in fiscal 2025 against $3.19bn for Lazard (1.2 times as much). Evercore grew faster (29.5% against 1.5%). Evercore kept more of each dollar of sales as profit: a net margin of 15.3% against 7.4%. Evercore carries less debt relative to equity (29.0% against 195.6%).
| Latest fiscal year | EvercoreEVR, 2025 | LazardLAZ, 2025 |
|---|---|---|
| Revenue | $3.88bn | $3.19bn |
| Revenue growth | 29.5% | 1.5% |
| Net income | $592m | $237m |
| Operating margin | — | 10.3% |
| Net margin | 15.3% | 7.4% |
| Return on equity | 31.7% | 31.5% |
| Free cash flow | $1.18bn | $487m |
| Cash | $1.43bn | $1.47bn |
| Total debt | $588m | $1.70bn |
| Debt to equity | 29.0% | 195.6% |
| Dividend per share | $3.32 | $2.00 |
| Dividend yield | 1.2% | 4.6% |
| Share buybacks | — | $91.0m |
| Employees | 2,570 | 3,309 |
| Market value | $12.23bn | $4.11bn |
| Price vs our value range | — | — |
| Moat score | 61 (Moderate) | 51 (Moderate) |
| Insider trades, 12 months | 1 buys, 4 sales | 0 buys, 5 sales |