Evertec (EVTC) FY2024 results: revenue $845 million, up 21.7% on the year
Evertec, Inc. (EVTC) reported revenue of $845 million for fiscal 2024, the year ended 31 December 2024, up 21.7% on the year before. Net income was $113 million, up 41.3%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2025.
Revenue
$845 million
+21.7% on the year
FY2017FY2024
Operating margin
19.6%
19.6% a year earlier
FY2017FY2024
Net income
$113 million
+41.3% on the year
FY2017FY2024
Diluted EPS
$1.73
+43.0% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
260
211
220
+23.1%
Capital expenditure
25.4
21.5
27.1
+18.3%
Free cash flow
235
190
193
+23.7%
Free cash flow margin
27.8%
27.3%
31.2%
Cash from investing
-118
-508
-133
Cash from financing
-153
416
-153
Depreciation and amortisation
22.3
21.6
18.5
+3.2%
Share-based compensation
30.3
25.7
20.0
+17.7%
Buybacks
82.3
36.1
96.6
+128.0%
Dividends paid
12.9
13.0
13.8
-1.2%
Dividend per share
$0.20
$0.20
$0.20
0.0%
Diluted shares, weighted
65m
66m
69m
-1.1%
Shares outstanding at period end
64m
65m
65m
-2.8%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
473
594
472
-20.5%
Non-controlling interest
3.3
4.1
3.2
-20.4%
Redeemable equity
43.5
37.0
0.0
+17.6%
Debt
965
998
430
-3.2%
Operating lease liabilities
4.9
9.0
10.8
-45.5%
Other liabilities
368
418
216
-12.0%
Total liabilities and equity
1,858
2,060
1,132
-9.8%
Fixed assets
62.1
62.5
56.4
-0.6%
Goodwill
727
792
423
-8.2%
Intangible assets
431
518
200
-16.8%
Securities held for sale or to maturity
1.8
2.1
2.2
-13.7%
Cash and equivalents
274
296
185
-7.4%
Receivables
138
127
111
+8.7%
Other assets
225
264
153
-14.8%
Total assets
1,858
2,060
1,132
-9.8%
10-K for the year ended 31 December 2024, filed 3 March 2025: the filing.