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Side-by-side financial comparison of EVERTEC, Inc. (EVTC) and IONIS PHARMACEUTICALS INC (IONS). Click either name above to swap in a different company.

EVERTEC, Inc. is the larger business by last-quarter revenue ($244.8M vs $203.3M, roughly 1.2× IONIS PHARMACEUTICALS INC). EVERTEC, Inc. runs the higher net margin — 15.1% vs -112.8%, a 127.9% gap on every dollar of revenue. On growth, EVERTEC, Inc. posted the faster year-over-year revenue change (13.1% vs -10.3%). EVERTEC, Inc. produced more free cash flow last quarter ($63.7M vs $-159.0M). Over the past eight quarters, IONIS PHARMACEUTICALS INC's revenue compounded faster (30.4% CAGR vs 9.2%).

EVERTEC, Inc. is a leading full-service payment technology and transaction processing firm headquartered in Puerto Rico. It delivers merchant acquiring, electronic funds transfer, digital payment solutions, and business process outsourcing for financial institutions, retailers and government clients across Latin America and the Caribbean.

Ionis Pharmaceuticals, Inc. is a biotechnology company that specializes in discovering and developing antisense therapy, as well as RNA interference and CRISPR therapeutics. The company was founded in 1989 is based in Carlsbad, California. The company was previously known as Isis Pharmaceuticals until December 2015.

EVTC vs IONS — Head-to-Head

Bigger by revenue
EVTC
EVTC
1.2× larger
EVTC
$244.8M
$203.3M
IONS
Growing faster (revenue YoY)
EVTC
EVTC
+23.4% gap
EVTC
13.1%
-10.3%
IONS
Higher net margin
EVTC
EVTC
127.9% more per $
EVTC
15.1%
-112.8%
IONS
More free cash flow
EVTC
EVTC
$222.7M more FCF
EVTC
$63.7M
$-159.0M
IONS
Faster 2-yr revenue CAGR
IONS
IONS
Annualised
IONS
30.4%
9.2%
EVTC

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
EVTC
EVTC
IONS
IONS
Revenue
$244.8M
$203.3M
Net Profit
$37.0M
$-229.4M
Gross Margin
96.1%
Operating Margin
17.6%
-105.5%
Net Margin
15.1%
-112.8%
Revenue YoY
13.1%
-10.3%
Net Profit YoY
-8.9%
-119.8%
EPS (diluted)
$0.57
$-1.35

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
EVTC
EVTC
IONS
IONS
Q4 25
$244.8M
$203.3M
Q3 25
$228.6M
$156.7M
Q2 25
$229.6M
$452.0M
Q1 25
$228.8M
$131.6M
Q4 24
$216.4M
$226.6M
Q3 24
$211.8M
$133.8M
Q2 24
$212.0M
$225.3M
Q1 24
$205.3M
$119.5M
Net Profit
EVTC
EVTC
IONS
IONS
Q4 25
$37.0M
$-229.4M
Q3 25
$32.9M
$-128.6M
Q2 25
$40.5M
$123.6M
Q1 25
$32.7M
$-146.9M
Q4 24
$40.7M
$-104.3M
Q3 24
$24.7M
$-140.5M
Q2 24
$31.9M
$-66.3M
Q1 24
$16.0M
$-142.8M
Gross Margin
EVTC
EVTC
IONS
IONS
Q4 25
96.1%
Q3 25
98.5%
Q2 25
99.1%
Q1 25
98.9%
Q4 24
98.3%
Q3 24
99.2%
Q2 24
98.2%
Q1 24
98.2%
Operating Margin
EVTC
EVTC
IONS
IONS
Q4 25
17.6%
-105.5%
Q3 25
16.5%
-102.2%
Q2 25
24.4%
30.9%
Q1 25
21.6%
-111.6%
Q4 24
22.2%
-48.9%
Q3 24
19.6%
-111.1%
Q2 24
20.5%
-29.3%
Q1 24
16.0%
-125.1%
Net Margin
EVTC
EVTC
IONS
IONS
Q4 25
15.1%
-112.8%
Q3 25
14.4%
-82.1%
Q2 25
17.6%
27.3%
Q1 25
14.3%
-111.6%
Q4 24
18.8%
-46.1%
Q3 24
11.7%
-105.0%
Q2 24
15.0%
-29.4%
Q1 24
7.8%
-119.5%
EPS (diluted)
EVTC
EVTC
IONS
IONS
Q4 25
$0.57
$-1.35
Q3 25
$0.51
$-0.80
Q2 25
$0.62
$0.70
Q1 25
$0.50
$-0.93
Q4 24
$0.62
$-0.66
Q3 24
$0.38
$-0.95
Q2 24
$0.49
$-0.45
Q1 24
$0.24
$-0.98

Balance Sheet & Financial Strength

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

Metric
EVTC
EVTC
IONS
IONS
Cash + ST InvestmentsLiquidity on hand
$306.0M
$2.7B
Total DebtLower is stronger
$1.8B
Stockholders' EquityBook value
$621.6M
$489.1M
Total Assets
$2.2B
$3.5B
Debt / EquityLower = less leverage
3.71×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
EVTC
EVTC
IONS
IONS
Q4 25
$306.0M
$2.7B
Q3 25
$474.7M
$2.2B
Q2 25
$290.6M
$2.3B
Q1 25
$265.9M
$2.1B
Q4 24
$273.6M
$2.3B
Q3 24
$275.4M
$2.5B
Q2 24
$257.7M
$2.1B
Q1 24
$293.7M
$2.2B
Total Debt
EVTC
EVTC
IONS
IONS
Q4 25
$1.8B
Q3 25
Q2 25
Q1 25
Q4 24
$1.3B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
EVTC
EVTC
IONS
IONS
Q4 25
$621.6M
$489.1M
Q3 25
$663.8M
$618.0M
Q2 25
$612.3M
$631.7M
Q1 25
$542.1M
$475.7M
Q4 24
$472.5M
$588.4M
Q3 24
$502.6M
$662.5M
Q2 24
$483.4M
$263.7M
Q1 24
$507.3M
$296.5M
Total Assets
EVTC
EVTC
IONS
IONS
Q4 25
$2.2B
$3.5B
Q3 25
$2.1B
$3.0B
Q2 25
$2.0B
$3.0B
Q1 25
$1.9B
$2.8B
Q4 24
$1.9B
$3.0B
Q3 24
$1.9B
$3.1B
Q2 24
$1.9B
$2.7B
Q1 24
$2.0B
$2.8B
Debt / Equity
EVTC
EVTC
IONS
IONS
Q4 25
3.71×
Q3 25
Q2 25
Q1 25
Q4 24
2.13×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
EVTC
EVTC
IONS
IONS
Operating Cash FlowLast quarter
$70.0M
$-137.7M
Free Cash FlowOCF − Capex
$63.7M
$-159.0M
FCF MarginFCF / Revenue
26.0%
-78.2%
Capex IntensityCapex / Revenue
2.6%
10.5%
Cash ConversionOCF / Net Profit
1.89×
TTM Free Cash FlowTrailing 4 quarters
$203.7M
$-320.0M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
EVTC
EVTC
IONS
IONS
Q4 25
$70.0M
$-137.7M
Q3 25
$70.9M
$-131.4M
Q2 25
$48.5M
$151.3M
Q1 25
$37.6M
$-150.8M
Q4 24
$75.2M
$-116.1M
Q3 24
$53.6M
$-115.0M
Q2 24
$90.6M
$-119.9M
Q1 24
$40.7M
$-149.9M
Free Cash Flow
EVTC
EVTC
IONS
IONS
Q4 25
$63.7M
$-159.0M
Q3 25
$65.3M
$-136.7M
Q2 25
$43.5M
$139.0M
Q1 25
$31.2M
$-163.4M
Q4 24
$70.8M
$-141.6M
Q3 24
$49.7M
$-124.0M
Q2 24
$78.8M
$-126.1M
Q1 24
$35.3M
$-154.4M
FCF Margin
EVTC
EVTC
IONS
IONS
Q4 25
26.0%
-78.2%
Q3 25
28.5%
-87.2%
Q2 25
18.9%
30.8%
Q1 25
13.7%
-124.1%
Q4 24
32.7%
-62.5%
Q3 24
23.5%
-92.7%
Q2 24
37.2%
-56.0%
Q1 24
17.2%
-129.2%
Capex Intensity
EVTC
EVTC
IONS
IONS
Q4 25
2.6%
10.5%
Q3 25
2.5%
3.4%
Q2 25
2.2%
2.7%
Q1 25
2.8%
9.6%
Q4 24
2.0%
11.3%
Q3 24
1.8%
6.8%
Q2 24
5.6%
2.8%
Q1 24
2.6%
3.8%
Cash Conversion
EVTC
EVTC
IONS
IONS
Q4 25
1.89×
Q3 25
2.16×
Q2 25
1.20×
1.22×
Q1 25
1.15×
Q4 24
1.85×
Q3 24
2.17×
Q2 24
2.84×
Q1 24
2.55×

Financial Flow Comparison

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

Revenue Breakdown by Segment

EVTC
EVTC

Latin America Payments And Solutions$101.5M41%
Business Solutions$58.3M24%
Merchant Acquiring Net$48.2M20%
Payment Services Puerto Rico Caribbean$36.8M15%
Transferred At Point In Time$4.0M2%

IONS
IONS

Products$58.0M29%
Spinraza Royalties$54.0M27%
Collaborative Agreement Revenue$52.4M26%
Wainus Royalties$16.0M8%
Wainua Joint Development Revenue$9.6M5%
Other Commercial$7.6M4%
Other Royalties$5.7M3%

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