Even stock faces weaker Q2 revenue despite higher margin
Published on 11/10/2026 at 00:43 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSEven's weaker sales and margin question
- Even's Q2 2026 revenue fell sharply year over year while net income also declined.
- Net margin improved, but the analysis links the gain to lower activity rather than clear top-line growth.
- The next major company event is scheduled for November 12, 2026, when Even is expected to report quarterly results.
Even Construtora e Incorporadora's second-quarter 2026 figures left investors weighing weaker activity against improved profitability. In an analysis published on November 2, Simply Wall St said revenue and net income fell from a year earlier, while net margin increased.
The analysis reported that revenue declined to BRL 201.054 million from BRL 569.753 million in the second quarter of 2025. Net income fell to BRL 30.686 million from BRL 48.875 million, while net margin rose to 15.3% from 8.6%.
Simply Wall St presented the combination as a test of margin quality. Higher profitability can support the investment case, but falling revenue and profit make it important to establish whether improved margins can persist as project activity recovers.
What investors will watch next
Simply Wall St framed the outlook around Even's high-end projects in Sao Paulo, its land bank and the conversion of backlog margins into future earnings and cash generation. That leaves execution, construction costs and receivables as central factors for the next assessment.
The company is scheduled to report its next results on November 12, 2026, according to the market calendar shown for Even. The release should give investors a newer view of launches, sales, revenue and margins after the weak second-quarter top line.
Even's business and market position
Even is a Brazil-based real estate developer and builder. Its activities include land identification and acquisition, project planning, construction, and the promotion and sale of residential and commercial properties, with a focus on mid and mid-high standard projects in Sao Paulo and Rio de Janeiro.
The company is a regional residential developer with a concentration in Brazil's southeastern markets and a high-end project focus. Its competitive position therefore depends on project selection, sales conversion and construction execution rather than on a broad international footprint.
Even Construtora e Incorporadora at a glance
- Company: Even Construtora e Incorporadora SA
- Ticker: EVEN3
- Home exchange: Sao Paulo Stock Exchange
- Sector: Real estate
- Reported period: Second quarter of 2026
Brazilian equities trade within the wider regional market tracked by the Bovespa market environment.
