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Side-by-side financial comparison of Evercore Inc. (EVR) and SBA Communications (SBAC). Click either name above to swap in a different company.

Evercore Inc. is the larger business by last-quarter revenue ($1.4B vs $703.4M, roughly 2.0× SBA Communications). SBA Communications runs the higher net margin — 26.3% vs 23.0%, a 3.3% gap on every dollar of revenue. On growth, Evercore Inc. posted the faster year-over-year revenue change (100.3% vs -1.6%). Over the past eight quarters, Evercore Inc.'s revenue compounded faster (42.2% CAGR vs 3.2%).

Evercore Inc., formerly known as Evercore Partners, is a global independent investment banking advisory firm founded in 1995 by Roger Altman, David Offensend, and Austin Beutner. The firm has advised on over $4.7 trillion of merger, acquisition, and restructuring transactions since its founding.

SBA Communications Corporation is a real estate investment trust which owns and operates wireless infrastructure in the United States, Canada, Central America, South America, and South Africa. It was founded in 1989 as Steven Bernstein and Associates by Steven Bernstein.

EVR vs SBAC — Head-to-Head

Bigger by revenue
EVR
EVR
2.0× larger
EVR
$1.4B
$703.4M
SBAC
Growing faster (revenue YoY)
EVR
EVR
+101.8% gap
EVR
100.3%
-1.6%
SBAC
Higher net margin
SBAC
SBAC
3.3% more per $
SBAC
26.3%
23.0%
EVR
Faster 2-yr revenue CAGR
EVR
EVR
Annualised
EVR
42.2%
3.2%
SBAC

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
EVR
EVR
SBAC
SBAC
Revenue
$1.4B
$703.4M
Net Profit
$322.7M
$184.9M
Gross Margin
Operating Margin
48.7%
Net Margin
23.0%
26.3%
Revenue YoY
100.3%
-1.6%
Net Profit YoY
106.1%
-15.1%
EPS (diluted)
$7.20
$1.74

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
EVR
EVR
SBAC
SBAC
Q1 26
$1.4B
$703.4M
Q4 25
$1.3B
$719.6M
Q3 25
$1.0B
$732.3M
Q2 25
$838.0M
$699.0M
Q1 25
$699.0M
$664.2M
Q4 24
$979.5M
$693.7M
Q3 24
$738.4M
$667.6M
Q2 24
$693.4M
$660.5M
Net Profit
EVR
EVR
SBAC
SBAC
Q1 26
$322.7M
$184.9M
Q4 25
$204.0M
$370.4M
Q3 25
$144.6M
$236.8M
Q2 25
$97.2M
$225.8M
Q1 25
$146.2M
$220.7M
Q4 24
$140.4M
$178.8M
Q3 24
$78.4M
$258.5M
Q2 24
$73.8M
$162.8M
Gross Margin
EVR
EVR
SBAC
SBAC
Q1 26
Q4 25
75.6%
Q3 25
74.1%
Q2 25
75.4%
Q1 25
76.9%
Q4 24
78.1%
Q3 24
77.5%
Q2 24
78.6%
Operating Margin
EVR
EVR
SBAC
SBAC
Q1 26
48.7%
Q4 25
24.2%
41.5%
Q3 25
20.8%
51.1%
Q2 25
18.0%
47.9%
Q1 25
16.0%
50.4%
Q4 24
21.8%
55.1%
Q3 24
16.7%
56.3%
Q2 24
15.9%
53.7%
Net Margin
EVR
EVR
SBAC
SBAC
Q1 26
23.0%
26.3%
Q4 25
15.7%
51.5%
Q3 25
13.8%
32.3%
Q2 25
11.6%
32.3%
Q1 25
20.9%
33.2%
Q4 24
14.3%
25.8%
Q3 24
10.6%
38.7%
Q2 24
10.6%
24.7%
EPS (diluted)
EVR
EVR
SBAC
SBAC
Q1 26
$7.20
$1.74
Q4 25
$4.80
$3.47
Q3 25
$3.41
$2.20
Q2 25
$2.36
$2.09
Q1 25
$3.48
$2.04
Q4 24
$3.32
$1.61
Q3 24
$1.86
$2.40
Q2 24
$1.81
$1.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
EVR
EVR
SBAC
SBAC
Cash + ST InvestmentsLiquidity on hand
$269.1M
Total DebtLower is stronger
$2.7B
Stockholders' EquityBook value
Total Assets
$11.7B
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVR
EVR
SBAC
SBAC
Q1 26
$269.1M
Q4 25
$3.0B
$271.2M
Q3 25
$2.4B
$431.1M
Q2 25
$1.7B
$276.8M
Q1 25
$1.4B
$702.2M
Q4 24
$2.4B
$444.4M
Q3 24
$1.8B
$202.6M
Q2 24
$1.7B
$250.9M
Total Debt
EVR
EVR
SBAC
SBAC
Q1 26
$2.7B
Q4 25
$12.9B
Q3 25
$12.7B
Q2 25
$12.5B
Q1 25
$12.4B
Q4 24
$13.6B
Q3 24
$12.3B
Q2 24
$12.3B
Stockholders' Equity
EVR
EVR
SBAC
SBAC
Q1 26
Q4 25
$2.0B
$-4.9B
Q3 25
$1.8B
$-4.9B
Q2 25
$1.7B
$-4.9B
Q1 25
$1.5B
$-5.0B
Q4 24
$1.7B
$-5.1B
Q3 24
$1.6B
$-5.2B
Q2 24
$1.5B
$-5.3B
Total Assets
EVR
EVR
SBAC
SBAC
Q1 26
$11.7B
Q4 25
$5.4B
$11.6B
Q3 25
$4.4B
$11.3B
Q2 25
$3.7B
$10.8B
Q1 25
$3.3B
$10.4B
Q4 24
$4.2B
$11.4B
Q3 24
$3.6B
$10.2B
Q2 24
$3.3B
$9.8B

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
EVR
EVR
SBAC
SBAC
Operating Cash FlowLast quarter
$255.1M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
9.5%
Cash ConversionOCF / Net Profit
1.38×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVR
EVR
SBAC
SBAC
Q1 26
$255.1M
Q4 25
$807.5M
$1.3B
Q3 25
$560.9M
$318.0M
Q2 25
$437.7M
$368.1M
Q1 25
$-549.7M
$301.2M
Q4 24
$686.4M
$1.3B
Q3 24
$234.5M
$304.7M
Q2 24
$348.5M
$425.6M
Free Cash Flow
EVR
EVR
SBAC
SBAC
Q1 26
Q4 25
$798.6M
$833.3M
Q3 25
$541.5M
$258.0M
Q2 25
$411.7M
$312.2M
Q1 25
$-569.3M
$255.0M
Q4 24
$673.1M
$1.2B
Q3 24
$226.6M
$239.9M
Q2 24
$340.7M
$375.6M
FCF Margin
EVR
EVR
SBAC
SBAC
Q1 26
Q4 25
61.6%
115.8%
Q3 25
51.8%
35.2%
Q2 25
49.1%
44.7%
Q1 25
-81.4%
38.4%
Q4 24
68.7%
179.9%
Q3 24
30.7%
35.9%
Q2 24
49.1%
56.9%
Capex Intensity
EVR
EVR
SBAC
SBAC
Q1 26
9.5%
Q4 25
0.7%
63.7%
Q3 25
1.9%
8.2%
Q2 25
3.1%
8.0%
Q1 25
2.8%
7.0%
Q4 24
1.4%
12.6%
Q3 24
1.1%
9.7%
Q2 24
1.1%
7.6%
Cash Conversion
EVR
EVR
SBAC
SBAC
Q1 26
1.38×
Q4 25
3.96×
3.49×
Q3 25
3.88×
1.34×
Q2 25
4.50×
1.63×
Q1 25
-3.76×
1.36×
Q4 24
4.89×
7.47×
Q3 24
2.99×
1.18×
Q2 24
4.72×
2.61×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

EVR
EVR

Advisory Fees (1)$1.2B89%
Commissions and Related Revenue$62.7M4%
Underwriting Fees$55.1M4%
Asset Management and Administration Fees (2)$23.7M2%
Other Revenue, net$15.4M1%

SBAC
SBAC

Site leasing$656.1M93%
Site development$47.3M7%

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