Loading…
US software roll-up selling vertical SaaS and payments to home-services, health, and fitness businesses.
US software roll-up selling vertical SaaS and payments to home-services, health, and fitness businesses.
Earns subscription fees for its software and a percentage of the payments that run through it, which grows as more of its customers' invoices are paid via its platform. It was assembled by Providence Strategic Growth through purchases of many small vertical software companies, and listed in 2021.
Moat: narrow (switching costs, distribution). Deeply embedded scheduling/billing software is costly for small operators to replace.
Headquarters: Denver, Colorado, US · Founded: 2014 · Employees: 1,800
Size EverCommerce (EVCM) is a United States Information Technology company (Packaged Software) with a market value of $1.45B, the 2015th largest of 3,117 United States companies the cockpit tracks. Shares closed at $8.22 on 6 Nov 2026.
Performance Over six months the shares fell 31.3%, against -16.1% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 20 in its peer set.
Growth Revenue fell 6.8% over the last twelve months (peer median +10.2%); the operating margin is 13.4% (peer median 5.1%).
Valuation It trades at 11.7× forward earnings against a peer median of 18.9× (5th cheapest of 19).
Price implies For today's price to make sense, revenue must grow about 12% a year for seven years (Req g). Recent delivered growth is +12%, so the hurdle is -0 pp: the price already allows for a slowdown.
Capital Return on invested capital runs 1.6 points below its cost of capital (7.3% WACC).
Backlog Backlog (remaining performance obligations) was $18.8M at 30 Sep 2026, down 3% on a year earlier — 0.0 years of trailing revenue. Backlog detail →
Short interest Short interest is 1.1% of the free float (15 Oct 2026).
Next results Next results expected around 18 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $598M | $589M | $562M | $675M | $621M |
| Revenue growth | — | +5% | -17% | +9% | — |
| Gross profit | $402M | $390M | $357M | $340M | $293M |
| EBITDA | $144M | $146M | $145M | $131M | $81.3M |
| Net income | $35.1M | $18.7M | -$41.1M | -$45.6M | -$59.8M |
| Free cash flow | $73.7M | $78.7M | $94.3M | $81.5M | $46.7M |
| Capital expenditure | $35.3M | $31.9M | $18.9M | $23.1M | $18.1M |
| Total debt | $533M | $537M | $544M | $555M | $536M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| EverCommerce EVCM | $1.45B | -31% | -7% | 13% | 11.7× | 11.6% |
| ServiceTitan TTAN | $7.89B | +36% | +23% | -13% | 55.6× | 20.7% |
| Weave Communications WEAV | n/a | -1% | n/a | n/a | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | EVCM | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.3% | +0.8% | 5th lowest of 21 |
| 6-month return | -31.3% | -16.1% | 5th lowest of 20 |
| Distance from 52-week high | -43.0% | -43.2% | 11th highest of 21 |
| Revenue growth (TTM) | -6.8% | +10.2% | 6th lowest of 21 |
| Operating margin | 13.4% | 5.1% | 6th highest of 21 |
| Forward P/E | 11.7× | 18.9× | 5th cheapest of 19 |
| Growth the price implies (Req g, 7 yrs) | 11.6% | 13.4% | 5th least demanding of 15 |
| Growth delivered (Del g) | +11.8% | +13.9% | 7th lowest of 15 |
| Hurdle (Req g minus delivered) | -0.2 pp | +2.1 pp | 7th least demanding of 15 |
| ROIC minus cost of capital | -1.6 pp | -6.9 pp | 10th highest of 20 |
| EV / EBITDA | 12.8× | 11.5× | 4th most expensive of 9 |
| Net debt / EBITDA | 2.8× | -2.1× | 2nd most indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| EverCommerce EVCM | United States | $1.45B | -31% | -7% | 13% | 11.7× | 11.6% | +11.8% |
| NextNav NN | United States | $1.45B | -56% | -36% | -1,900% | n/a | n/a | n/a |
| GO Inc. 581A.T | Japan | $1.45B | n/a | +32% | 17% | 21.9× | 34.7% | +31.9% |
| Systex 6214.TW | Taiwan | $1.46B | +54% | +34% | 3% | 16.6× | -12.4% | +13.1% |
| PearlAbyss 263750.KS | South Korea | $1.47B | -44% | +114% | 40% | 7.1× | n/a | n/a |
| Exzeo XZO | United States | $1.47B | +21% | +329% | 49% | 14.8× | -8.4% | +59.0% |
| Alkami Technology ALKT | United States | $1.44B | -25% | +24% | -5% | 13.1× | 12.6% | +31.7% |
| Pagaya Technologies PGY | United States | $1.47B | +15% | +11% | 22% | 7.8× | 4.1% | +68.9% |
| Phancy 6682.HK | Hong Kong | $1.48B | -45% | +42% | -5% | 88.0× | n/a | n/a |
| Fractal Analytics FRACTAL.NS | India | $1.49B | -27% | +19% | 12% | 41.5× | 31.4% | +18.5% |
| Shenzhen Kingdom Sci-tech 600446.SS | China | $1.41B | -27% | -22% | -6% | 177.0× | n/a | n/a |
| Wuxi Boton Technology 300031.SZ | China | $1.50B | +8% | +22% | 2% | 32.5× | 30.2% | +5.6% |
| BlackLine BL | United States | $1.50B | -15% | +9% | 7% | 10.0× | 12.1% | +14.8% |
| YGsoft 002063.SZ | China | $1.51B | -16% | +5% | 13% | 31.0× | 16.3% | +8.9% |
| Longshine Technology 300682.SZ | China | $1.39B | -35% | +7% | -9% | 25.9× | 49.4% | +6.0% |
| Playtech PTEC.L | United Kingdom | $1.39B | +7% | -54% | 0% | 11.4× | -6.0% | -7.4% |
| Wondershare Technology 300624.SZ | China | $1.38B | -25% | -8% | -12% | n/a | n/a | n/a |
| Lightspeed Commerce LSPD.TO | Canada | $1.38B | +9% | +11% | -9% | 14.4× | 13.5% | +42.0% |
| Yusys Technologies 300674.SZ | China | $1.53B | -23% | -11% | 8% | 20.8× | 15.6% | +4.0% |
| Zensar Technologies ZENSARTECH.NS | India | $1.37B | +9% | +9% | 14% | 16.9× | 13.4% | +8.5% |
| Digiwin 300378.SZ | China | $1.54B | -2% | +10% | 9% | 32.5× | n/a | n/a |
EverCommerce reported $18.8M of remaining performance obligations at 30 Sep 2026, down 3% from a year earlier and down 11% from the previous quarter. That is 0.0 years of trailing revenue already under contract. Book-to-bill last quarter: 0.98.