EverCommerce Inc. (EVCM)

Technology · Software · Price $9.20
Updated: Aug 31, 2026
Owner Earnings (TTM)
$102.8M
Trailing 12 Months
OE Per Share
$0.58
Per Diluted Share
Owner Earnings Yield
6.31%
OE / Market Cap
Growth Rate
18.57%
Log-Linear Regression (14Q)
Price/Owner Earnings
15.8x
Valuation Multiple
Data Points
14
Quarters Analyzed

📈 Owner Earnings History (14 Quarters)

🧮 EVCM Owner Earnings Calculation

Owner Earnings = Operating Cash Flow − Maintenance CapEx
Where Maintenance CapEx = min(Total CapEx, Depreciation & Amortization)
Operating Cash Flow (TTM) $105.4M
Maintenance CapEx = min(CapEx, D&A) $2.6M
  ↳ Capital Expenditures (TTM) $2.6M
  ↳ Depreciation & Amortization (TTM) $94.4M
= Owner Earnings (TTM) $102.8M

What is Owner Earnings?

Owner Earnings is Warren Buffett's preferred measure of a company's true earning power. Unlike reported net income, which can be manipulated through accounting choices, Owner Earnings represents the actual cash that owners could theoretically extract from the business while maintaining its competitive position. Zyberno calculates this metric directly from SEC EDGAR filings for maximum accuracy.

Owner Earnings = Operating Cash Flow − Maintenance CapEx
Where Maintenance CapEx = min(Total CapEx, Depreciation & Amortization)

Why Owner Earnings Matters for Investors

More Accurate Than Net Income

Net income includes non-cash items and accounting adjustments. Owner Earnings focuses on actual cash generation, giving a clearer picture of economic reality.

Buffett's Valuation Foundation

Warren Buffett uses Owner Earnings as the basis for his intrinsic value calculations. It's the cash flow he projects forward to determine what a business is truly worth.

Maintenance vs Growth CapEx

By using the minimum of CapEx and Depreciation, we separate maintenance spending (required to sustain operations) from growth investments.

Owner Earnings Yield

Owner Earnings divided by Market Cap gives the yield - the percentage return an owner would receive if all cash was distributed. Higher yields suggest better value.

How Zyberno Calculates Growth Rate

Zyberno uses log-linear regression on 14 quarters of historical Owner Earnings data to calculate the growth rate. This statistical method provides a more reliable trend than simple year-over-year comparisons, which can be distorted by one-time events. The trend line is visible in the chart above.

Comparing to Other Cash Flow Metrics

Free Cash Flow (FCF): $102.8M →

FCF = Operating Cash Flow − Total CapEx. Includes all capital spending, not just maintenance. More conservative but may understate earning power for growing companies.

Net Income: $34.0M

Accounting profit that includes non-cash items like depreciation and stock compensation. Can differ significantly from actual cash generation.

Earnings Per Share (EPS): $0.19 →

Net income divided by diluted shares. The per-share equivalent of total earnings, useful for comparing companies of different sizes.

📊 Valuation Trilogy
Three interconnected metrics built on Owner Earnings
💎
Intrinsic Value
DCF Fair Value
$16.94
🛡️
Margin of Safety
Valuation Gap
45.7%
🎯
Expected Return
Projected Annual
34.0%
Click any metric for full methodology and detailed analysis

📊 Full EVCM Stock Report

See EVCM's intrinsic value, margin of safety, DCF valuation, and complete financial analysis with 250+ metrics.

💵 EVCM Free Cash Flow

Compare to Free Cash Flow which subtracts all capital expenditures, not just maintenance CapEx.

📈 EVCM Earnings Per Share

Analyze EPS trends, P/E ratio, earnings yield, and per-share profitability metrics.

📊 EVCM Revenue

Analyze revenue trends, growth rate, P/S ratio, and top-line sales performance.

💰 EVCM Net Income

Analyze the bottom-line profit, P/E ratio, and net profit margin trends.

🔶 EVCM Operating Income

Analyze EBIT, operating margin, and core business profitability before interest and taxes.

💜 EVCM Gross Profit

Analyze gross margin, pricing power, and profitability before operating expenses.

View Full EVCM Report Find More Quality Stocks

Summary: EVCM Owner Earnings

EverCommerce Inc. (EVCM) generates $102.8M in trailing twelve-month Owner Earnings — the true cash available to shareholders after maintaining the business's competitive position (Operating Cash Flow minus Maintenance CapEx), the metric central to Warren Buffett's valuation approach. At the current market price, this represents an Owner Earnings yield of 6.31% — above the 5% threshold Zyberno considers attractive for value-oriented investors. Owner Earnings grew at 18.57% annually — above the 10% threshold Zyberno considers healthy growth above market averages. For complete financial analysis, view the full EVCM stock report on Zyberno.

Frequently Asked Questions

What is EVCM's current Owner Earnings?

EverCommerce Inc. (EVCM) generates $102.8M in trailing twelve-month Owner Earnings — the true cash available to shareholders after maintaining the business's competitive position (Operating Cash Flow minus Maintenance CapEx), the metric central to Warren Buffett's valuation approach. At the current market price, this represents an Owner Earnings yield of 6.31% — above the 5% threshold Zyberno considers attractive for value-oriented investors. Owner Earnings grew at 18.57% annually — above the 10% threshold Zyberno considers healthy growth above market averages.

Is EVCM's Owner Earnings growing?

EverCommerce Inc. (EVCM) generates $102.8M in trailing twelve-month Owner Earnings — the true cash available to shareholders after maintaining the business's competitive position (Operating Cash Flow minus Maintenance CapEx), the metric central to Warren Buffett's valuation approach. At the current market price, this represents an Owner Earnings yield of 6.31% — above the 5% threshold Zyberno considers attractive for value-oriented investors. Owner Earnings grew at 18.57% annually — above the 10% threshold Zyberno considers healthy growth above market averages.

What is a good Owner Earnings Yield?

Zyberno considers Owner Earnings yields above 8% highly attractive, above 5% attractive, and above 3% moderate. At current prices, EVCM has an Owner Earnings yield of 6.31% — above the 5% threshold Zyberno considers attractive for value-oriented investors.

How does Owner Earnings differ from Free Cash Flow?

Owner Earnings uses only maintenance CapEx (the minimum of total CapEx and depreciation), while Free Cash Flow subtracts all capital expenditures including growth capex. For EVCM, Owner Earnings is $102.8M compared to FCF of $102.8M — the difference reflects growth investment.

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