Evercore vs LPL Financial
Add, change or remove companies; up to four.
The short version
- LPL Financial is the larger business, with $17.0B of revenue in fiscal 2025 against $3.9B for Evercore, about 4.4 times as much.
- LPL Financial grew revenue faster (37.2%, against 29.5%).
- Evercore turned more of its sales into free cash flow (30.5% FCF margin, against −5.8%).
- Investors pay more for each dollar of LPL Financial’s earnings: a P/E of 25.1x against 14.2x for Evercore.
| Latest fiscal year | EVR · FY25 | LPLA · FY25 |
|---|---|---|
| Size | ||
| Market cap | $10.4B | $25.2B |
| Revenue | $3.9B | $17.0B |
| Free cash flow | $1.2B | −$982M |
| Net income | $592M | $863M |
| Growth | ||
| Revenue growth | 29.5% | 37.2% |
| 5-year growth | 11.2% | 23.7% |
| Share count change | 1.2% | 4.8% |
| Profitability | ||
| Gross margin | — | — |
| Operating margin | — | — |
| Net margin | 15.3% | 5.1% |
| FCF margin | 30.5% | −5.8% |
| Return on capital | — | 12.3% |
| Return on equity | 31.7% | 20.9% |
| Balance sheet | ||
| Net debt | −$2.4B | $6.1B |
| Net debt / EBITDA | −2.9x | 3.2x |
| Dividends and buybacks | $144M | $194M |
| Valuation & quality | ||
| P/E | 14.2x | 25.1x |
| Piotroski F-score | 5 | — |
Revenue
FY16
EVR $1.5B
LPLA $4.0B
FY17
EVR $1.7B
LPLA $4.3B
FY18
EVR $2.1B
LPLA $5.2B
FY19
EVR $2.0B
LPLA $5.6B
FY20
EVR $2.3B
LPLA $5.9B
FY21
EVR $3.3B
LPLA $7.7B
FY22
EVR $2.8B
LPLA $8.6B
FY23
EVR $2.4B
LPLA $10.1B
FY24
EVR $3.0B
LPLA $12.4B
FY25
EVR $3.9B
LPLA $17.0B
EVR
LPLA
Operating margin
FY16
EVR —
LPLA —
FY17
EVR —
LPLA —
FY18
EVR —
LPLA —
FY19
EVR —
LPLA —
FY20
EVR —
LPLA —
FY21
EVR —
LPLA —
FY22
EVR —
LPLA —
FY23
EVR —
LPLA —
FY24
EVR —
LPLA —
FY25
EVR —
LPLA —
EVR
LPLA
Free cash flow
FY16
EVR $403M
LPLA $261M
FY17
EVR $476M
LPLA $341M
FY18
EVR $816M
LPLA $449M
FY19
EVR $434M
LPLA $467M
FY20
EVR $925M
LPLA $634M
FY21
EVR $1.4B
LPLA $237M
FY22
EVR $508M
LPLA $1.6B
FY23
EVR $438M
LPLA $109M
FY24
EVR $958M
LPLA −$285M
FY25
EVR $1.2B
LPLA −$982M
EVR
LPLA
Return on capital
FY16
EVR —
LPLA 11.4%
FY17
EVR —
LPLA 12.5%
FY18
EVR —
LPLA 19.8%
FY19
EVR —
LPLA 22.8%
FY20
EVR —
LPLA 18.9%
FY21
EVR —
LPLA 15.5%
FY22
EVR —
LPLA 23.2%
FY23
EVR —
LPLA 25.5%
FY24
EVR —
LPLA 19.7%
FY25
EVR —
LPLA 12.3%
EVR
LPLA
Each company's latest fiscal year; fiscal years end in different months. The best value in each row is highlighted where higher (or lower) is clearly better. Not investment advice.