Evertec (EVTC) financial statements
Evertec reported revenue of $932M in fiscal 2025, up 10.2% a year over 9 years.
Net income was $142M and the operating margin 20.0%, against 27.5% in 2016.
Free cash flow was $136M, and the company returned $13M in dividends and $69M in net buybacks.
The diluted share count fell 13% over the period (buybacks).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Evertec's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $390M | $407M | $454M | $487M | $511M | $590M | $618M | $695M | $845M | $932M |
| Cost of revenue | $2M | $3M | — | — | — | — | — | — | — | — |
| Selling, general and admin | $47M | $56M | $69M | $61M | $71M | $68M | $90M | $128M | $146M | $154M |
| Operating income | $107M | $86M | $125M | $145M | $141M | $197M | $157M | $136M | $166M | $186M |
| Interest expense | $25M | $30M | $30M | $29M | $25M | $23M | $25M | $32M | $75M | $68M |
| Pre-tax income | $83M | $60M | $99M | $117M | $124M | $182M | $268M | $85M | $120M | $154M |
| Income tax | $8M | $5M | $13M | $13M | $19M | $21M | $29M | $5M | $5M | $10M |
| Net income | $75M | $55M | $86M | $103M | $104M | $161M | $239M | $80M | $113M | $142M |
| EPS (diluted) | $1.01 | $0.76 | $1.16 | $1.41 | $1.43 | $2.21 | $3.45 | $1.21 | $1.73 | $2.20 |
| Diluted shares | 74M | 73M | 74M | 73M | 73M | 73M | 69M | 66M | 65M | 64M |
| Operating margin | 27.5% | 21.1% | 27.6% | 29.6% | 27.7% | 33.3% | 25.5% | 19.6% | 19.6% | 20.0% |
| Net margin | 19.3% | 13.5% | 19.0% | 21.2% | 20.5% | 27.3% | 38.6% | 11.5% | 13.3% | 15.2% |
Balance sheet
Fiscal years, from Evertec's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $52M | $50M | $70M | $111M | $203M | $258M | $185M | $296M | $274M | $306M |
| Receivables | $78M | $83M | $100M | $107M | $96M | $113M | $111M | $127M | $138M | $164M |
| Total current assets | $158M | $169M | $216M | $276M | $359M | $436M | $389M | $561M | $529M | $591M |
| Property, plant and equipment | $39M | $38M | $37M | $44M | $44M | $49M | $56M | $62M | $62M | $64M |
| Goodwill | $371M | $399M | $395M | $399M | $398M | $393M | $423M | $792M | $727M | $892M |
| Total assets | $886M | $903M | $927M | $1.0B | $1.1B | $1.1B | $1.1B | $2.1B | $1.9B | $2.2B |
| Total current liabilities | $129M | $147M | $137M | $144M | $153M | $153M | $208M | $298M | $280M | $285M |
| Long-term debt | $600M | $557M | $524M | $511M | $481M | $445M | $389M | $947M | $925M | $1.1B |
| Total liabilities | $777M | $755M | $712M | $740M | $730M | $674M | $657M | $1.4B | $1.3B | $1.5B |
| Shareholders' equity | $105M | $144M | $211M | $267M | $338M | $466M | $472M | $594M | $473M | $622M |
| Net debt | $568M | $553M | $468M | $414M | $293M | $207M | $225M | $675M | $675M | $771M |
Cash flow
Fiscal years, from Evertec's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $168M | $146M | $173M | $180M | $199M | $228M | $220M | $211M | $260M | $227M |
| Capital spending | $18M | $11M | $14M | $23M | $49M | $67M | $72M | $85M | $88M | $92M |
| Free cash flow | $150M | $134M | $159M | $157M | $150M | $162M | $148M | $126M | $172M | $136M |
| Stock-based compensation | $6M | $10M | $13M | $14M | $14M | $15M | $20M | $26M | $30M | $30M |
| Dividends paid | $30M | $22M | $7M | $14M | $14M | $14M | $14M | $13M | $13M | $13M |
| Share buybacks (net) | -$40M | -$8M | -$10M | -$32M | -$7M | -$24M | -$97M | -$36M | -$82M | -$69M |
| Net borrowing | -$10M | -$36M | -$80M | -$14M | -$31M | -$32M | -$52M | $497M | -$24M | $126M |
| Free cash flow margin | 38.4% | 33.0% | 35.0% | 32.2% | 29.5% | 27.4% | 23.9% | 18.2% | 20.3% | 14.5% |
| Dividends per share | $0.40 | $0.30 | $0.10 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 | $0.20 |
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Open EVTC in InvestinglyQuestions
What was Evertec's revenue in 2025?
$932M in fiscal 2025, from its 10-K filing.
How much free cash flow does Evertec generate?
$136M in fiscal 2025 (operating cash flow minus capital spending).
From Evertec's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.