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Lincoln Educational Services Corporation(LINC)Earnings, Financials & Key Ratios
LINC•NASDAQ
74.5× P/E·Price updated Jun 19, 2026
SectorConsumer DefensiveIndustryEducation & TrainingSub-IndustryDegree-Granting Colleges and Universities
AboutLincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments: Transportation and Skilled Trades, and Healthcare and Other Professions. It offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; health science programs comprising nursing, dental and medical assistant, claim examiner, medical administrative assistant, etc.; hospitality services programs, such as culinary, therapeutic massage, cosmetology, and aesthetics; and information technology programs. The company operates 22 schools in 14 states under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, Euphoria Institute of Beauty Arts and Sciences, and other brand names. As of December 31, 2021, it had 13,059 students enrolled at 22 campuses. The company was founded in 1946 and is based in Parsippany, New Jersey.Show more
- Revenue$518M+17.8%
- EBITDA$51M+91.4%
- Net Income$20M+102.2%
- EPS (Diluted)0.65+103.1%
- Gross Margin60.37%+2.8%
- EBITDA Margin9.79%+62.5%
- Operating Margin5.77%+67.3%
- Net Margin3.86%+71.7%
- ROE10.58%+84.6%
LINC Key Insights
Lincoln Educational Services Corporation (LINC) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
- ✓Momentum leader: RS Rating 94 (top 6%)
- ✓High quality earnings: Operating CF exceeds net income
- ✓Strong 5Y sales CAGR of 12.1%
- ✓Efficient asset utilization: 1.1x turnover
✗Weaknesses
- ✗Profits declining 16.3% over 5 years
- ✗Negative free cash flow
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
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LINC Price & Volume
Lincoln Educational Services Corporation (LINC) stock price & volume — 10-year historical chart
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LINC Growth Metrics
Lincoln Educational Services Corporation (LINC) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years10.37%
5 Years12.07%
3 Years14.16%
TTM19.92%
Profit CAGR
10 Years-
5 Years-16.26%
3 Years16.54%
TTM85.98%
EPS CAGR
10 Years-
5 Years-15.29%
3 Years21.77%
TTM86.99%
Return on Capital
10 Years5.82%
5 Years11.46%
3 Years8.71%
Last Year8.1%
LINC Recent Earnings
Lincoln Educational Services Corporation (LINC) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 12/12 qtrs (100%)●Beat Revenue 11/12 qtrs (92%)
Q2 2026Latest
May 11, 2026Metric
Actual
Est
EPS
$0.14+250.0%
$0.04
Rev
$144M+6.1%
$136M
Q1 2026
Feb 23, 2026Metric
Actual
Est
EPS
$0.50+19.0%
$0.42
Rev
$143M+7.6%
$133M
Q4 2025
Nov 10, 2025Metric
Actual
Est
EPS
$0.20+66.7%
$0.12
Rev
$141M+7.4%
$132M
Q3 2025
Aug 11, 2025Metric
Actual
Est
EPS
$0.09+125.0%
$0.04
Rev
$116M-9.7%
$129M
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 11, 2026 | $0.14vs $0.04+250.0% | $144Mvs $136M+6.1% |
| Q1 2026 | Feb 23, 2026 | $0.50vs $0.42+19.0% | $143Mvs $133M+7.6% |
| Q4 2025 | Nov 10, 2025 | $0.20vs $0.12+66.7% | $141Mvs $132M+7.4% |
| Q3 2025 | Aug 11, 2025 | $0.09vs $0.04+125.0% | $116Mvs $129M-9.7% |
Based on last 12 quarters of dataView full earnings history →
LINC Peer Comparison
Lincoln Educational Services Corporation (LINC) competitors in Degree-Granting Colleges and Universities — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 UTI | 2.22B | 40.35 | 35.71 | 14.05% | 4.91% | 13.02% | 0.85 | |
 PRDO | 2.01B | 32.03 | 13.24 | 24.2% | 19.91% | 17.21% | 0.11 | |
 COCO | 4.8B | 84.02 | 70.61 | 18.17% | 12.59% | 25.43% | 0.04 | |
 GHC | 4.98B | 1144.66 | 17.22 | 2.52% | 7.94% | 6.39% | 0.36 | |
 LOPE | 3.84B | 141.59 | 18.36 | 7.07% | 26.92% | 29.53% | 0.27 | |
 STRA | 1.71B | 75.33 | 13.90 | 3.96% | 10.21% | 7.85% | 0.07 | |
 APEI | 967.07M | 52.72 | 38.76 | 3.89% | 6.13% | 14.02% | 0.55 | |
 LAUR | 5.2B | 36.43 | 19.28 | 8.64% | 16.08% | 25.36% | 0.71 |
Compare LINC vs Peers
Lincoln Educational Services Corporation (LINC) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
LINC Income Statement
Lincoln Educational Services Corporation (LINC) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Sales/Revenue | 261.85M | 263.2M | 273.34M | 293.1M | 335.34M | 348.29M | 378.07M | 440.06M | 518.24M | 544.69M |
Revenue Growth % | 32.98% | 0.51% | 3.85% | 7.23% | 14.41% | 3.86% | 8.55% | 16.4% | 17.76% | 19.92% |
Cost of Goods Sold | 129.41M | 125.37M | 123.5M | 122.2M | 138.93M | 148.75M | 162.28M | 181.76M | 205.39M | 216.37M |
COGS % of Revenue | 49.42% | 47.63% | 45.18% | 41.69% | 41.43% | 42.71% | 42.92% | 41.3% | 39.63% | - |
Gross Profit | 132.44M▲ 0% | 137.83M▲ 4.1% | 149.85M▲ 8.7% | 170.9M▲ 14.0% | 196.41M▲ 14.9% | 199.54M▲ 1.6% | 215.79M▲ 8.1% | 258.31M▲ 19.7% | 312.85M▲ 21.1% | 328.32M▲ 0% |
Gross Margin % | 50.58% | 52.37% | 54.82% | 58.31% | 58.57% | 57.29% | 57.08% | 58.7% | 60.37% | 60.28% |
Gross Profit Growth % | 29.86% | 4.07% | 8.72% | 14.05% | 14.92% | 1.6% | 8.15% | 19.7% | 21.12% | - |
Operating Expenses | 138.78M | 141.24M | 145.18M | 156.12M | 147.14M | 183.26M | 182.44M | 243.13M | 282.95M | 295.19M |
OpEx % of Revenue | 53% | 53.66% | 53.11% | 53.27% | 43.88% | 52.62% | 48.25% | 55.25% | 54.6% | - |
Selling, General & Admin | 138.78M | 141.24M | 145.18M | 156.2M | 168.92M | 182.39M | 209.13M | 243.8M | 282.95M | 295.19M |
SG&A % of Revenue | 53% | 53.66% | 53.11% | 53.29% | 50.37% | 52.37% | 55.32% | 55.4% | 54.6% | - |
Research & Development | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
R&D % of Revenue | - | - | - | - | - | - | - | - | - | - |
Other Operating Expenses | 0 | 0 | 0 | -81K | -21.78M | 872K | -26.7M | -675K | 0 | 0 |
Operating Income | -4.72M▲ 0% | -3.95M▲ 16.2% | 5.24M▲ 232.5% | 14.78M▲ 182.2% | 49.26M▲ 233.3% | 16.28M▼ 67.0% | 33.36M▲ 104.9% | 15.18M▼ 54.5% | 29.91M▲ 97.0% | 33.13M▲ 0% |
Operating Margin % | -1.8% | -1.5% | 1.92% | 5.04% | 14.69% | 4.67% | 8.82% | 3.45% | 5.77% | 6.08% |
Operating Income Growth % | 8.66% | 16.16% | 232.47% | 182.19% | 233.27% | -66.96% | 104.93% | -54.5% | 97.05% | - |
EBITDA | 3.99M | 4.47M | 13.35M | 22.18M | 56.4M | 22.64M | 40.13M | 26.51M | 50.74M | 57.83M |
EBITDA Margin % | 1.52% | 1.7% | 4.89% | 7.57% | 16.82% | 6.5% | 10.61% | 6.02% | 9.79% | 10.62% |
EBITDA Growth % | -32.48% | 12.07% | 198.95% | 66.1% | 154.28% | -59.86% | 77.25% | -33.94% | 91.38% | 79.8% |
D&A (Non-Cash Add-back) | 8.7M | 8.42M | 8.12M | 7.4M | 7.14M | 6.36M | 6.77M | 11.33M | 20.83M | 24.7M |
EBIT | -4.66M | -3.92M | 5.25M | 14.7M | 49.26M | 16.6M | 35.99M | 17.28M | 29.91M | 33.13M |
Net Interest Income | -7.04M | -2.39M | -2.96M | -1.27M | -2.02M | 158K | 2.28M | -466K | -3.27M | -3.49M |
Interest Income | 56K | 31K | 8K | 0 | 0 | 318K | 2.63M | 2.1M | 126K | 41K |
Interest Expense | 7.1M | 2.42M | 2.96M | 1.27M | 2.02M | 160K | 347K | 2.56M | 3.39M | 3.53M |
Other Income/Expense | -7.04M | -2.39M | 0 | 68.84M | -2.02M | 158K | 2.28M | -466K | -3.79M | -4.24M |
Pretax Income | -11.76M▲ 0% | -6.34M▲ 46.0% | 2.28M▲ 136.0% | 83.62M▲ 3562.9% | 47.25M▼ 43.5% | 16.44M▼ 65.2% | 35.64M▲ 116.8% | 14.71M▼ 58.7% | 26.12M▲ 77.5% | 28.89M▲ 0% |
Pretax Margin % | -4.49% | -2.41% | 0.84% | 28.53% | 14.09% | 4.72% | 9.43% | 3.34% | 5.04% | 5.3% |
Income Tax | -274K | 200K | 268K | 35.06M | 12.53M | 3.8M | 9.64M | 4.82M | 6.12M | 6.48M |
Effective Tax Rate % | 2.33% | -3.15% | 11.74% | 41.92% | 26.52% | 23.13% | 27.05% | 32.76% | 23.43% | 22.44% |
Net Income | -11.48M▲ 0% | -6.54M▲ 43.0% | 2.02M▲ 130.8% | 48.56M▲ 2310.2% | 34.72M▼ 28.5% | 12.63M▼ 63.6% | 26M▲ 105.8% | 9.89M▼ 62.0% | 20M▲ 102.2% | 22.41M▲ 0% |
Net Margin % | -4.39% | -2.49% | 0.74% | 16.57% | 10.35% | 3.63% | 6.88% | 2.25% | 3.86% | 4.11% |
Net Income Growth % | 59.43% | 43.01% | 130.79% | 2310.17% | -28.51% | -63.61% | 105.77% | -61.95% | 102.18% | 85.98% |
Net Income (Continuing) | -11.48M | -6.54M | 2.02M | 48.56M | 34.72M | 12.63M | 26M | 9.89M | 20M | 22.41M |
Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
EPS (Diluted) | -0.48▲ 0% | -0.27▲ 43.7% | 0.08▲ 129.0% | 1.49▲ 1802.9% | 1.04▼ 30.2% | 0.36▼ 65.4% | 0.85▲ 136.1% | 0.32▼ 62.4% | 0.65▲ 103.1% | 0.72▲ 0% |
EPS Growth % | 60.33% | 43.75% | 129% | 1802.94% | -30.2% | -65.38% | 136.11% | -62.35% | 103.13% | 86.99% |
EPS (Basic) | -0.48 | -0.27 | 0.08 | 1.49 | 1.04 | 0.36 | 0.86 | 0.32 | 0.65 | - |
Diluted Shares Outstanding | 23.91M | 24.42M | 24.55M | 24.75M | 25.08M | 25.88M | 30.54M | 30.89M | 31.26M | 31.33M |
Basic Shares Outstanding | 23.91M | 24.24M | 24.55M | 24.75M | 25.08M | 25.88M | 30.11M | 30.58M | 30.94M | 31.13M |
Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - |
LINC Balance Sheet
Lincoln Educational Services Corporation (LINC) balance sheet — assets, liabilities & shareholders' equity
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Total Current Assets | 44.18M | 57.11M | 50.48M | 74.16M | 121.63M | 114.14M | 134.66M | 111.25M | 87.03M | 76.4M |
Cash & Short-Term Investments | 14.56M | 17.57M | 23.64M | 38.03M | 83.31M | 60.83M | 75.99M | 59.27M | 28.52M | 16.69M |
Cash Only | 14.56M | 17.57M | 23.64M | 38.03M | 83.31M | 46.07M | 75.99M | 59.27M | 28.52M | 16.69M |
Short-Term Investments | 0 | 0 | 0 | 0 | 0 | 14.76M | 0 | 0 | 0 | 0 |
Accounts Receivable | 15.79M | 18.68M | 20.65M | 30.02M | 26.16M | 37.17M | 35.69M | 42.98M | 58.18M | 62.45M |
Days Sales Outstanding | 22.01 | 25.9 | 27.58 | 37.39 | 28.47 | 38.96 | 34.46 | 35.65 | 40.97 | 36.93 |
Inventory | 1.66M | 1.45M | 1.61M | 2.39M | 2.72M | 2.62M | 2.95M | 3.05M | 3.99M | 2.49M |
Days Inventory Outstanding | 4.67 | 4.22 | 4.75 | 7.15 | 7.15 | 6.42 | 6.63 | 6.13 | 7.08 | 5.93 |
Other Current Assets | 10.36M | 16.95M | 4.57M | 0 | 4.56M | 8.77M | 14.47M | 5.94M | -3.65M | -5.22M |
Total Non-Current Assets | 111.03M | 88.93M | 144.29M | 171.03M | 173.67M | 177.43M | 210.59M | 325.3M | 406.13M | 410.33M |
Property, Plant & Equipment | 52.87M | 49.29M | 98.41M | 103.58M | 114.61M | 117.04M | 156.58M | 266.31M | 350.9M | 355.22M |
Fixed Asset Turnover | 4.95x | 5.34x | 2.78x | 2.83x | 2.93x | 2.98x | 2.41x | 1.65x | 1.48x | 1.62x |
Goodwill | 14.54M | 14.54M | 14.54M | 14.54M | 14.54M | 14.54M | 10.74M | 10.74M | 10.74M | 10.74M |
Intangible Assets | 16K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long-Term Investments | 9.47M | 12.18M | 30.34M | 16.46M | 0 | 22.73M | 17.5M | 0 | 0 | 0 |
Other Non-Current Assets | 33.73M | 12.5M | 1M | 734K | 20.82M | 812K | 2.55M | 22.89M | 22.82M | 22.7M |
Total Assets | 155.21M▲ 0% | 146.04M▼ 5.9% | 194.76M▲ 33.4% | 245.19M▲ 25.9% | 295.3M▲ 20.4% | 291.57M▼ 1.3% | 345.25M▲ 18.4% | 436.56M▲ 26.4% | 493.16M▲ 13.0% | 486.73M▲ 0% |
Asset Turnover | 1.69x | 1.80x | 1.40x | 1.20x | 1.14x | 1.19x | 1.10x | 1.01x | 1.05x | 1.15x |
Asset Growth % | -4.9% | -5.91% | 33.36% | 25.89% | 20.44% | -1.26% | 18.41% | 26.45% | 12.97% | 64.51% |
Total Current Liabilities | 47.48M | 64.58M | 57.2M | 66.84M | 65.88M | 55.02M | 73.41M | 90.21M | 100.71M | 92.3M |
Accounts Payable | 10.51M | 14.11M | 14.58M | 15.68M | 12.3M | 10.5M | 18.15M | 37.03M | 27.02M | 28.25M |
Days Payables Outstanding | 29.64 | 41.07 | 43.1 | 46.82 | 32.31 | 25.76 | 40.83 | 74.35 | 48.02 | 52.44 |
Short-Term Debt | 0 | 15M | 11.14M | 2M | 0 | 0 | 0 | 0 | 11.1M | 10.94M |
Deferred Revenue (Current) | 24.65M | 22.55M | 23.41M | 23.45M | 25.41M | 24.15M | 26.91M | 30.63M | 0 | 61.57M |
Other Current Liabilities | 9.21M | 8.59M | 4.28M | 4.24M | 11.68M | 3.23M | 33K | 7.51M | 62.59M | 53.1M |
Current Ratio | 0.93x | 0.88x | 0.88x | 1.11x | 1.85x | 2.07x | 1.83x | 1.23x | 0.86x | 0.83x |
Quick Ratio | 0.90x | 0.86x | 0.85x | 1.07x | 1.80x | 2.03x | 1.79x | 1.20x | 0.82x | 0.80x |
Cash Conversion Cycle | -2.95 | -10.95 | -10.77 | -2.29 | 3.31 | 19.63 | 0.26 | -32.57 | 0.04 | -9.57 |
Total Non-Current Liabilities | 61.92M | 41.59M | 82.43M | 75.3M | 88.02M | 91.67M | 105.03M | 168.08M | 192.77M | 195.61M |
Long-Term Debt | 52.59M | 33.77M | 32.03M | 15.21M | 0 | 0 | 0 | 0 | 192.77M | 195.61M |
Capital Lease Obligations | 0 | 0 | 46.02M | 52.7M | 86.41M | 91M | 104.98M | 168.06M | 0 | 342.6M |
Deferred Tax Liabilities | 0 | 0 | 153K | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Non-Current Liabilities | 9.32M | 7.82M | 4.23M | 7.38M | 1.61M | 668K | 56K | 16K | 0 | 0 |
Total Liabilities | 109.4M | 106.17M | 139.63M | 142.14M | 153.9M | 146.69M | 178.44M | 258.29M | 293.48M | 287.91M |
Total Debt | 52.59M | 48.77M | 89.19M | 78.42M | 97.89M | 100.63M | 116.79M | 177.56M | 203.86M | 206.55M |
Net Debt | 38.03M | 31.2M | 65.54M | 40.39M | 14.58M | 54.56M | 40.79M | 118.29M | 175.34M | 189.86M |
Debt / Equity | 1.15x | 1.22x | 1.62x | 0.76x | 0.69x | 0.69x | 0.70x | 1.00x | 1.02x | 1.04x |
Debt / EBITDA | 13.19x | 10.92x | 6.68x | 3.54x | 1.74x | 4.44x | 2.91x | 6.70x | 4.02x | 3.57x |
Net Debt / EBITDA | 9.54x | 6.98x | 4.91x | 1.82x | 0.26x | 2.41x | 1.02x | 4.46x | 3.46x | 3.28x |
Interest Coverage | -0.66x | -1.62x | 1.77x | 11.53x | 24.45x | 103.73x | 103.71x | 6.74x | 8.81x | 9.38x |
Total Equity | 45.81M▲ 0% | 39.87M▼ 13.0% | 55.13M▲ 38.3% | 103.05M▲ 86.9% | 141.4M▲ 37.2% | 144.88M▲ 2.5% | 166.8M▲ 15.1% | 178.26M▲ 6.9% | 199.69M▲ 12.0% | 198.83M▲ 0% |
Equity Growth % | -36.71% | -12.98% | 38.29% | 86.92% | 37.22% | 2.46% | 15.13% | 6.87% | 12.02% | 42.8% |
Book Value per Share | 1.92 | 1.63 | 2.25 | 4.16 | 5.64 | 5.60 | 5.46 | 5.77 | 6.39 | 6.35 |
Total Shareholders' Equity | 45.81M | 39.87M | 55.13M | 103.05M | 141.4M | 144.88M | 166.8M | 178.26M | 199.69M | 198.83M |
Common Stock | 141.38M | 141.38M | 141.38M | 141.38M | 141.38M | 49.07M | 48.18M | 48.18M | 48.18M | 48.18M |
Retained Earnings | -37.53M | -44.07M | -42.06M | 6.2M | 39.7M | 51.23M | 69.28M | 79.17M | 99.17M | 103.52M |
Treasury Stock | -82.86M | -82.86M | -82.86M | -82.86M | -82.86M | 0 | 0 | 0 | 0 | 0 |
Accumulated OCI | -4.51M | -4.06M | -3.46M | -4.17M | -1.24M | -960K | -36K | 274K | 0 | 0 |
Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
LINC Cash Flow Statement
Lincoln Educational Services Corporation (LINC) cash flow — operating, investing & free cash flow history
| Metric | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Cash from Operations | -11.32M | -1.69M | 988K | 23.48M | 27.45M | 882K | 25.56M | 29.31M | 59.19M | 72.25M |
Operating CF Margin % | -4.32% | -0.64% | 0.36% | 8.01% | 8.18% | 0.25% | 6.76% | 6.66% | 11.42% | - |
Operating CF Growth % | -85.38% | 85.04% | 158.32% | 2277.02% | 16.87% | -96.79% | 2797.73% | 14.66% | 101.97% | 427.69% |
Net Income | -11.48M | -6.54M | 2.02M | 48.56M | 34.72M | 12.63M | 26M | 9.89M | 20M | 22.41M |
Depreciation & Amortization | 8.7M | 8.42M | 8.12M | 7.4M | 7.14M | 6.36M | 6.6M | 11.33M | 19.16M | 23.87M |
Stock-Based Compensation | 1.22M | 522K | 679K | 1.69M | 2.89M | 3.11M | 5.89M | 4.63M | 5.49M | 2.75M |
Deferred Taxes | -424K | 18.24M | 153K | -35.87M | 12.01M | 1.29M | 1.63M | -2.24M | 2.62M | 2.08M |
Other Non-Cash Items | 13.51M | -589K | 19.9M | 26.65M | 3.58M | 35.38M | 14.88M | 60.17M | 59.06M | 63.47M |
Working Capital Changes | -22.85M | -21.75M | -29.87M | -24.95M | -32.89M | -57.9M | -29.44M | -54.48M | -47.14M | -42.31M |
Change in Receivables | -15.73M | -23.84M | -25.99M | -37.38M | -26.5M | -48.64M | -45.76M | -65.98M | -53.65M | -58.31M |
Change in Inventory | 30K | 206K | -157K | -786K | -327K | 103K | -330K | -184K | -933K | -94K |
Change in Payables | -3.19M | 3.75M | 444K | 856K | -3.68M | -2.03M | 5.04M | 11.58M | -9.29M | -220K |
Cash from Investing | -22.89M | -2.35M | -4.81M | -5.48M | 37.85M | -21.35M | 7.37M | -46.97M | -86.2M | -81.19M |
Capital Expenditures | -4.75M | -4.7M | 0 | -5.58M | -7.53M | -8.99M | -40.7M | -56.87M | -86.63M | -81.38M |
CapEx % of Revenue | 1.82% | 1.78% | 1.97% | 1.9% | 2.25% | 2.58% | 10.76% | 12.92% | 16.72% | 14.94% |
Acquisitions | 15.46M | 2.35M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500K |
Investments | - | - | - | - | - | - | - | - | - | - |
Other Investing | -18.13M | 2.35M | -4.81M | 97K | 45.38M | 2.39M | 33.31M | 9.89M | 434K | -315K |
Cash from Financing | 27.7M | -4.57M | -3.48M | -18.62M | -20.01M | -12.55M | -2.94M | -3.33M | -3.75M | -3.03M |
Debt Issued (Net) | -4.66M | -4.19M | -14.47M | -17M | -17.83M | 0 | 0 | 495K | 43K | 4.07M |
Equity Issued (Net) | 0 | 0 | 12.7M | 0 | 0 | -9.45M | -891K | 0 | 0 | 0 |
Dividends Paid | 0 | 0 | 0 | -1.38M | -1.22M | -1.11M | 0 | 0 | 0 | 0 |
Share Repurchases | 0 | 0 | 0 | 0 | 0 | -9.45M | -891K | 0 | 0 | 0 |
Other Financing | 12.11M | -372K | -1.71M | -242K | -962K | -1.99M | -2.05M | -3.83M | -3.79M | -7.1M |
Net Change in Cash | -6.5M▲ 0% | -8.61M▼ 32.4% | -7.3M▲ 15.2% | -618K▲ 91.5% | 45.28M▲ 7427.0% | -33.02M▼ 172.9% | 29.98M▲ 190.8% | -21M▼ 170.0% | -30.75M▼ 46.5% | -11.96M▲ 0% |
Free Cash Flow | -16.08M▲ 0% | -6.39M▲ 60.2% | -4.4M▲ 31.2% | 17.91M▲ 507.2% | 19.92M▲ 11.2% | -8.1M▼ 140.7% | -15.14M▼ 86.8% | -27.56M▼ 82.0% | -27.44M▲ 0.4% | -9.12M▲ 0% |
FCF Margin % | -6.14% | -2.43% | -1.61% | 6.11% | 5.94% | -2.33% | -4% | -6.26% | -5.3% | -1.67% |
FCF Growth % | -65.68% | 60.25% | 31.2% | 507.21% | 11.23% | -140.69% | -86.83% | -82.02% | 0.42% | 76.73% |
FCF per Share | -0.67 | -0.26 | -0.18 | 0.72 | 0.79 | -0.31 | -0.50 | -0.89 | -0.88 | -0.29 |
FCF Conversion (FCF/Net Income) | 0.99x | 0.26x | 0.49x | 0.48x | 0.79x | 0.07x | 0.98x | 2.96x | 2.96x | -0.41x |
Interest Paid | 2.79M | 2.03M | 2.15M | 1.11M | 1.53M | 171K | 110K | 2.35M | 0 | 743K |
Taxes Paid | 139K | 191K | 118K | 179K | 737K | 1.47M | 7.2M | 8.84M | 0 | 4.61M |
LINC Key Ratios
Lincoln Educational Services Corporation (LINC) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
Return on Equity (ROE) | -19.43% | -15.28% | 4.24% | 61.41% | 28.41% | 8.83% | 16.68% | 5.73% | 10.58% | 11.72% |
Return on Invested Capital (ROIC) | -3.99% | -3.83% | 4.1% | 8.39% | 24.68% | 6.87% | 12.29% | 4.52% | 6.68% | 6.69% |
Gross Margin | 50.58% | 52.37% | 54.82% | 58.31% | 58.57% | 57.29% | 57.08% | 58.7% | 60.37% | 60.28% |
Net Margin | -4.39% | -2.49% | 0.74% | 16.57% | 10.35% | 3.63% | 6.88% | 2.25% | 3.86% | 4.11% |
Debt / Equity | 1.15x | 1.22x | 1.62x | 0.76x | 0.69x | 0.69x | 0.70x | 1.00x | 1.02x | 1.04x |
Interest Coverage | -0.66x | -1.62x | 1.77x | 11.53x | 24.45x | 103.73x | 103.71x | 6.74x | 8.81x | 9.38x |
FCF Conversion | 0.99x | 0.26x | 0.49x | 0.48x | 0.79x | 0.07x | 0.98x | 2.96x | 2.96x | -0.41x |
Revenue Growth | 32.98% | 0.51% | 3.85% | 7.23% | 14.41% | 3.86% | 8.55% | 16.4% | 17.76% | 19.92% |
Related:LINC Dividend History·LINC Revenue History·LINC Price History·LINC P/E History·LINC Financial Ratios·LINC Institutional Holders
LINC SEC Filings & Documents
Lincoln Educational Services Corporation (LINC) SEC filings — annual & quarterly reports (10-K, 10-Q)
LINC Frequently Asked Questions
Lincoln Educational Services Corporation (LINC) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Lincoln Educational Services Corporation (LINC) reported $544.7M in revenue for fiscal year 2025. This represents a 415% increase from $105.7M in 2001.
Lincoln Educational Services Corporation (LINC) grew revenue by 17.8% over the past year. This is strong growth.
Yes, Lincoln Educational Services Corporation (LINC) is profitable, generating $22.4M in net income for fiscal year 2025 (3.9% net margin).
Dividend & Returns
Lincoln Educational Services Corporation (LINC) has a return on equity (ROE) of 10.6%. This is reasonable for most industries.
Lincoln Educational Services Corporation (LINC) had negative free cash flow of $9.1M in fiscal year 2025, likely due to heavy capital investments.