TakeoverPE & activists

EVCMEverCommerce Inc.

Services-Prepackaged Software · $1.6B market cap · 1,800 employees

22×

More likely than average to be taken private

Top 1% of the Russell 3000 for a buyout by a private-equity firm, holdco or insiders. How it works

Takeover signals

What an activist or buyer would see: cheap, overpaid, diluted or under pressure.

4of 15 firedHow well they predict deals →
11 other checks
  • TSR below peersNo
    —
    3+ of last 5 years
  • High CEO pay despite TSRNo
    —
    Median CEO pay ≥ $15M while TSR trails
  • Earnings not backed by cashNo
    633% of net income
    Cash flow under 80% of net income
  • Dilutive SBCNo
    5% of revenue
    Over 10% of revenue
  • Payouts exceed cash flowNo
    76% of cash flow
    Buybacks + dividends over cash flow
  • Shareholder dissentNo
    100% lowest support
    Any vote under 80% support
  • Low revenue per employeeNo
    $327K · 27th pct
    Bottom quartile of its SIC industry
  • Quiet on AINo
    11.0 per 10K words · 94th pct
    Bottom quartile of AI mentions in 10-Ks
  • Net cashNo
    3.0× EBITDA net debt
    More cash than debt, positive EBITDA
  • AI-rollup shapedNo
    3 of 10
    10-K business scored 5+ of 10 as an AI-rollup target
  • Active 13DNo
    0 filings
    Active-intent 13D in 18 months

Key numbers

Revenue
$589MFY2021: $490MFY2022: $621MFY2023: $535MFY2024: $562MFY2025: $589M
4.8% YoY
Operating margin
10.1%FY2021: -5.5%FY2022: -4.9%FY2023: -0.5%FY2024: 4.7%FY2025: 10.1%
116% YoY
EBITDA
$128MFY2021: $74MFY2022: $80MFY2023: $101MFY2024: $115MFY2025: $128M
11% YoY
Net debt / EBITDA
3.0×
$387M net debt

Financials

MetricFY2021FY2022FY2023FY2024FY2025YoYTrend
Revenue$490M$621M$535M$562M$589M 4.8% FY2021: $490MFY2022: $621MFY2023: $535MFY2024: $562MFY2025: $589M
Operating income−$27M−$31M−$3M$26M$59M 126% FY2021: −$27MFY2022: −$31MFY2023: −$3MFY2024: $26MFY2025: $59M
Net income−$82M−$60M−$46M−$41M$18M 143% FY2021: −$82MFY2022: −$60MFY2023: −$46MFY2024: −$41MFY2025: $18M
Operating cash flow$37M$65M$105M$113M$111M 1.5% FY2021: $37MFY2022: $65MFY2023: $105MFY2024: $113MFY2025: $111M
Capex$3M$3M$3M$1M$2M 52% FY2021: $3MFY2022: $3MFY2023: $3MFY2024: $1MFY2025: $2M
Stock-based comp$22M$27M$26M$26M$28M 7.3% FY2021: $22MFY2022: $27MFY2023: $26MFY2024: $26MFY2025: $28M
Buybacks$0$43M$67M$58M$85M 48% FY2021: $0FY2022: $43MFY2023: $67MFY2024: $58MFY2025: $85M

13D filers

None on file.

Insider trading

−$16Mnet selling by insiders, open market, last 12 months
Bought $0 · 0 tradesSold $16M · 157 trades

Pay vs performance

No pay-versus-performance disclosure yet.