"Ken Blake" wrote

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No. Everything works on file names. Agent Ransack works on file
contents *or* file names. Agent Ransack is obviously better for
contents, since Everything doesn't do that, but Everything is *much*
faster (as I'm sure you know) for file names.
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https://www.voidtools.com/faq/#does_..._file_contents

Does Everything search file contents?

Yes, "Everything" can search file content with the content: search function.
File content is not indexed, searching content is slow.
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It seems that the best way to think of Everything is
as a modified Explorer program, while AR is a search
program.