EVEX Industrials

Eve Holding, Inc.

$1.53+2.00%

Price as of close on Nov 3, 2026 · Financials updated Oct 1, 2026

Basics

Sector: Industrials
Industry: Aerospace & Defense
Country: United States
Market cap: 533.2M USD
Enterprise value: 478.7M USD
Full-time employees: 198

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.64) and more debt relative to equity (13.53× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.14 vs peers 0.64) and more debt vs equity (13.53× vs peers 0.40×)
Not enough data: growth

Would rank #2,261 of 2,308 fully scored industrials companies (bottom 3%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 30% from December 2022 to August 2026.
Eve had 30% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Eve had 30% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.
Much more borrowing than peers. Debt is 13.5× equity vs a peer median of 0.4×.Debt is 13.5× equity vs peers 0.4×.
Debt is 13.5× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 13.5× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.
Not profitable yet. Reported a loss in the 12 months to June 2026.
Eve reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

StockQuotient Score

9/ 100

Oct 5 9 → Nov 4 9

Valuation

Is the price right?

9/100

Weak

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why

Weaker than most peers on:

▼ Earnings yield
▼ EBITDA yield
▼ FCF yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield-40.1%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price30% base weight · Z-score -1.28Sector median: 0.0377 · MAD: 0.0294

EBITDA yield-49.4%

SEC filings · 12 months to Jun 2026Negative (a loss or cash outflow), so it counts as zero whatever the share price50% base weight · Z-score -1.64Sector median: 0.0695 · MAD: 0.0425

Free cash flow yield-39.0%

SEC filings · 12 months to Jun 2026 · operating cash flow − capital spendingNegative (a loss or cash outflow), so it counts as zero whatever the share price20% base weight · Z-score -1.00Sector median: 0.0370 · MAD: 0.0370

Other data (not scored)

Book yield4.3%

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.5027 · MAD: 0.2823

Growth

Is it growing?

Insufficient data

Insufficient data: 1 of 3 inputs reported (at least 2 needed). We leave it blank rather than fill the gap with a made-up middle value.

Profitability

Does it earn well?

4/100

Weak

2/3 inputs reported · Partial data

Since last quarter: No major change

Why

Weaker than most peers on:

▼ ROA
▼ ROIC

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating marginUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.0773 · MAD: 0.0507

Return on assets-46.7%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.56Sector median: 0.0311 · MAD: 0.0241

Return on invested capital-62.9%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentile33% base weight · Z-score -3.78Sector median: 0.0715 · MAD: 0.0558

Other data (not scored)

Gross margin0.0%

Yahoo Finance fallback · SEC figure unavailable or out of date · trailing 12 monthsOutlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.2573 · MAD: 0.1038

Return on equity-936.6%

SEC filings · 12 months to Jun 2026Outlier capped at sector 5th/95th percentileInformational · 0% composite weightSector median: 0.0802 · MAD: 0.0639

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Debt / equity
▼ Beta

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta1.14

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score -1.81Sector median: 0.6440 · MAD: 0.2745

Current ratio3.48×

SEC filings · latest balance sheetReported value33% base weight · Z-score 3.47Sector median: 1.6180 · MAD: 0.5360

Debt / equity13.53×

SEC filings · latest balance sheetOutlier capped at sector 5th/95th percentile33% base weight · Z-score -6.37Sector median: 0.4019 · MAD: 0.3378

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Eve

Is Eve getting weaker?: Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 9/100 since Oct 28, 2026.
How is Eve valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -40.1% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -40.1% vs peers 3.8% (weaker than 100% of peers).
Is Eve growing?: Insufficient data: 1 of 3 inputs reported (at least 2 needed).
How profitable is Eve?: Less profitable than most of its peers. Profitability scores 4/100 against 2,459 industrials peers. Return on assets -46.7% vs a peer median of 3.1% (weaker than 100% of peers).Return on assets -46.7% vs peers 3.1% (weaker than 100% of peers).
How risky is Eve?: Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 3.48× vs a peer median of 1.62× (stronger than 89% of peers).Current ratio 3.48× vs peers 1.62× (stronger than 89% of peers). Debt / equity 13.53× vs a peer median of 0.40× (weaker than 100% of peers).Debt / equity 13.53× vs peers 0.40× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

No major changes

Worth watching: Eve is in the bottom fifth of its sector on profitability. From 2021 to 2025, 63% of companies in that position posted a loss over the following year, against 4% for the top fifth.

	Previous quarter	Latest quarter	Change
Net income (12 months)	−244.3M USD	−213.8M USD	−12.5%
Free cash flow (12 months)	−216.3M USD	−207.7M USD	−4.0%
Debt	299.2M USD	308.9M USD	+3.2%
Cash	120.9M USD	52.2M USD	−56.8%
Shares outstanding	348.3M	348.5M	+0.1%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Aerospace & Defense · 48 companies

Valuations in Aerospace & Defense are near the top of their range since 2016.

88% of months since 2016 were valued lower than now.
50% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +71% and earnings +71% (medians): prices and earnings moved broadly together.
Median price-to-sales is +41% vs the whole market, against a usual −16%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Return on assets (ROA)	-84.6%	-55.6%	-52.0%	-43.4%	-51.6%	▼ 8.2 pts
Return on equity (ROE)	-170.6%	-60.7%	-77.3%	-111.5%	-181.2%	▼ 70 pts
Current ratio	2.05×	12.52×	4.66×	5.27×	3.29×	▼ 38%
Debt to equity	—	0.00×	0.16×	1.07×	1.45×	▲ 36%
Interest coverage	—	—	-518.05×	-42.71×	-22.23×	▲ 48%

EVEX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: its share price swings more than most peers’ (beta 1.14 vs a peer median of 0.64) and more debt relative to equity (13.53× vs a peer median of 0.40×)higher risk: bigger price swings (beta 1.14 vs peers 0.64) and more debt vs equity (13.53× vs peers 0.40×)

Not enough data: growth

Would rank #2,261 of 2,308 fully scored industrials companies (bottom 3%)

Partial overall score — 3/4 categories available.

See how it ranks against its peers

Worth knowing

Shareholders being diluted. Shares outstanding up 30% from December 2022 to August 2026.

Eve had 30% more shares at August 2026 than at December 2022, mostly from issuing stock (for pay, acquisitions or fundraising). Each existing share now owns a smaller slice of the business.Eve had 30% more shares at August 2026 than at December 2022, mostly from issuing stock. Each existing share now owns a smaller slice of the business.

Much more borrowing than peers. Debt is 13.5× equity vs a peer median of 0.4×.Debt is 13.5× equity vs peers 0.4×.

Debt is 13.5× shareholders' equity, against a peer median of 0.4×, among the highest 10% of its peer group.Debt is 13.5× shareholders' equity, vs peers 0.4×, among the highest 10% of its peer group.

Not profitable yet. Reported a loss in the 12 months to June 2026.

Eve reported a net loss over the last twelve months, so earnings-based measures can't show it as cheap.

Questions investors ask about Eve

Is Eve getting weaker?

Its latest SEC filing (Aug 4, 2026) showed no major changes. Its overall score is unchanged at 9/100 since Oct 28, 2026.

How is Eve valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 9/100 against 2,459 industrials peers. Earnings yield -40.1% vs a peer median of 3.8% (weaker than 100% of peers).Earnings yield -40.1% vs peers 3.8% (weaker than 100% of peers).

Is Eve growing?

Insufficient data: 1 of 3 inputs reported (at least 2 needed).

How profitable is Eve?

Less profitable than most of its peers. Profitability scores 4/100 against 2,459 industrials peers. Return on assets -46.7% vs a peer median of 3.1% (weaker than 100% of peers).Return on assets -46.7% vs peers 3.1% (weaker than 100% of peers).

How risky is Eve?

Higher risk relative to 2,459 industrials peers, judged on debt, liquidity and share-price swings. Current ratio 3.48× vs a peer median of 1.62× (stronger than 89% of peers).Current ratio 3.48× vs peers 1.62× (stronger than 89% of peers). Debt / equity 13.53× vs a peer median of 0.40× (weaker than 100% of peers).Debt / equity 13.53× vs peers 0.40× (weaker than 100% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Net income (12 months)

−244.3M USD

−213.8M USD

−12.5%

Free cash flow (12 months)

−216.3M USD

−207.7M USD

−4.0%

Debt

299.2M USD

308.9M USD

+3.2%

Cash

120.9M USD

52.2M USD

−56.8%

Shares outstanding

348.3M

348.5M

+0.1%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Return on assets (ROA)

-84.6%

-55.6%

-52.0%

-43.4%

-51.6%

▼ 8.2 pts

Return on equity (ROE)

-170.6%

-60.7%

-77.3%

-111.5%

-181.2%

▼ 70 pts

Current ratio

2.05×

12.52×

4.66×

5.27×

3.29×

▼ 38%

Debt to equity

—

0.00×

0.16×

1.07×

1.45×

▲ 36%

Interest coverage

—

-518.05×

-42.71×

-22.23×

▲ 48%