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what it is
EverCommerce sells the software that helps plumbers, dentists, and spas run bookings, payments, and customer follow-up.
how it gets paid
Last year Evercommerce made $589M in revenue. Home Services was the main engine at $247.4M, or 42% of sales.
why it's growing
Revenue grew 4.8% last year. Fourth-quarter revenue was $151.2M, above the midpoint of guidance, while full-year revenue reached $589M, up 4.8%.
what just happened
EverCommerce posted $0.09 EPS versus a -$0.05 estimate, an 800% surprise.
At a glance
B balance sheet — gets the job done, barely
15.0x trailing p/e — the market's not buying it — or you found a deal
16.0% return on capital — nothing to write home about
xvary composite: 49/100 — below average
$0.90 fy2026 eps est
What they do
EverCommerce sells the software that helps plumbers, dentists, and spas run bookings, payments, and customer follow-up.
EverCommerce wins by becoming the software your plumber, dentist, or spa uses all day. It had 740,000 customers at 12/31/2024, and replacing scheduling, payments, and customer messages at once is painful. That stickiness shows up in a 10.1% operating margin and 16.0% return on capital.
How they make money
$589M
annual revenue · their business grew +4.8% last year
Home Services
$247.4M
Health Services
$176.7M
Wellness Services
$117.8M
Other and acquired offerings
$47.1M
The products that matter
runs service business workflows
SMB software platform
$589M revenue · 100% of sales
it's the full $589M revenue base and grew 4.8% last year. when this slows, the whole company slows.
entire business
Key numbers
$800M
2028 revenue
That is $211M above the current $589M revenue base, so the growth story still has to do real work.
15.0x
trailing p/e
P/E ratio → how many dollars you pay for one dollar of profit → so what: the stock is not priced like a hyper-growth software name.
10.1%
operating margin
Operating margin → profit after running the business → so what: EverCommerce is profitable, but not fat-margin software.
16.0%
return on capital
Return on capital → cash earned on money invested → so what: the business is decent at turning spending into profit.
Financial health
B
strength
- balance sheet grade B — adequate — nothing special
- risk rank 3 — safer than 50% of stocks
- price stability 20 / 100
- long-term debt $519M (18% of capital)
- net profit margin 27.7% — keeps 28 cents of every dollar in revenue
- return on equity 22% — $0.22 profit for every $1 investors have put in
B — functional but not a standout on the balance sheet.
Total return vs. market
Return history isn't available for EVCM right now.
source: institutional data · return history unavailable
What just happened
beat estimates
EverCommerce posted $0.09 EPS versus a -$0.05 estimate, an 800% surprise.
Fourth-quarter revenue was $151.2M, above the midpoint of guidance, while full-year revenue reached $589M, up 4.8%. The weird part is the contrast: profit improved fast, but the top line still moved like a normal software company, not a rocket.
$151.2M
q4 revenue
$0.09
eps
10.1%
operating margin
the number that mattered
The 800% EPS surprise matters because it shows cost control is working even while annual revenue grew only 4.8%.
-
acquisitions are playing a key role in the growth story.
-
in september, the company acquired zyratalk, an aipowered customer engagement platform.this acquisition is expected to accelerate evercommerce’s ai capabilities, particularly in the home and field service management industry, and eventually expand to other verticals. the integration of zyratalk’s ai features, such as ai receptionist, ai scheduler, and ai dispatcher, ought to enhance customer experience, improve efficiency, and drive revenue growth.
-
macroeconomic pressures may pose a threat to near-term advancement.while evercommerce is showing strong growth and making strategic moves like acquisitions to enhance its offerings, there are a few challenges that could create hurdles in the near future. one concern is the impact of macroeconomic factors, such as tariffs and broader economic conditions, which have already affected certain parts of the business, like the rebate program within the everpro vertical.
-
this program, tied to group purchasing initiatives, has shown some softness due to external factors like tariffs and slower activity in industries like hvac manufacturing.
-
evercommerce shares are not overly compelling at this juncture.
source: company earnings report, 2026
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What could go wrong
the #1 risk is small-business software churn and spending softness.
med
all $589M runs through the same customer type
evercommerce sells into service-based small and medium-sized businesses. If those customers trim software budgets or cancel tools, there is no second segment to offset the hit.
impact: 100% of revenue is tied to the same broad SMB software spending environment.
med
the acquisition story has to translate into better growth
zyratalk may improve the product set, but acquisitions only matter if they lift retention, upsell, or revenue growth. Right now the full business is still only growing 4.8%.
impact: if the added features do not move growth above the current pace, the market keeps treating this as a low-multiple software name.
med
the balance sheet is fine until the stock reminds you it is not a utility
long-term debt sits at $519M, or 18% of capital, while price stability is just 20/100. That is manageable debt paired with a stock that can still swing around on misses.
impact: you are not looking at distress risk. You are looking at re-rating risk if growth stalls or quarterly results disappoint.
all $589M of revenue depends on software spending from service-based SMB customers, and that sits alongside $519M in long-term debt and a 20/100 price stability score.
source: institutional data · regulatory filings · risk analysis
Pay attention to
earnings
whether revenue can move past the 4.8% pace
profitability is already solid. The next report needs to answer a simpler question: is this business accelerating or just harvesting margin.
metric
full-year revenue path toward $620M
that analyst estimate is the cleanest public test of whether the current valuation is too low or perfectly fair.
risk
continued softness in rebate and hvac-linked activity
management already flagged this pocket of weakness. If it spreads, the "stable SMB software" story gets less stable.
trend
whether institutions stop selling
three straight quarters of net selling is not a thesis by itself, but it tells you the larger money is still waiting for a cleaner growth signal.
Analyst rankings
short-term outlook
average
momentum score 3. In human-speak: analysts do not see a strong near-term edge either way.
risk profile
average
stability score 3 means middle-of-the-pack balance-sheet risk, even though the stock itself is far from steady.
chart momentum
average
technical score 3 says the tape is not screaming anything. The story still has to come from fundamentals.
source: institutional data
Institutional activity
institutions have been net selling for 3 consecutive quarters — 41 buyers vs. 41 sellers in 3q2025. total institutional holdings: 0.2B shares. net selling for 3 quarters.
source: institutional data
Price targets
3-5 year target range
$4
$17
$13
current price
$11
target midpoint · 14% from current · 3-5yr high: $17
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