Last 48 quarters of trend data · Financial Services · Insurance - Life
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 7.02 | 1.32 | — | 2.93 | 4.76 | 2.27 | — | 0.82 | — | 1.52 | 1.15 | — | 1.29 | 2.19 | — | 1.61 | — | 8.41 | 27.23 | 14.22 | 10.23 |
| — | -42.1% | — | +255.9% | — | +49.2% | — | — | — | -30.5% | — | — | — | -74.0% | — | -88.7% | — | +78.8% | +102.9% | -16.3% | +162.5% | |
| P/S Ratio | 0.43 | 0.38 | 0.33 | 0.44 | 0.43 | 0.38 | 0.33 | 0.27 | 0.33 | 0.29 | 0.33 | 1.59 | 0.25 | 0.37 | 0.25 | 0.31 | 0.39 | 0.36 | 0.60 | 0.69 | 0.62 |
| — | -0.6% | -0.9% | +63.6% | +31.0% | +32.7% | -0.2% | -82.9% | +30.5% | -22.7% | +33.8% | +407.8% | -36.0% | +4.2% | -58.9% | -54.5% | -37.1% | -42.0% | -9.0% | +20.3% | +114.6% | |
| P/B Ratio | 0.70 | 0.61 | 0.68 | 0.80 | 0.75 | 0.65 | 0.76 | 0.67 | 0.61 | 0.67 | 0.72 | 0.66 | 1.32 | 0.75 | 0.57 | 1.03 | 3.38 | 0.87 | 0.77 | 0.60 | 0.61 |
| — | -6.5% | -10.6% | +20.1% | +23.5% | -2.2% | +5.4% | +0.5% | -54.0% | -11.3% | +28.1% | -35.4% | -61.0% | -13.6% | -26.8% | +70.4% | +453.3% | +57.9% | +26.2% | +40.3% | +115.1% | |
| P/FCF | — | — | 12.62 | 9.38 | — | 1.54 | — | 6.21 | — | — | — | — | 22.93 | 2.10 | — | 2.05 | 2.88 | 1.06 | 5.96 | 72.76 | 9.54 |
| — | — | — | +50.9% | — | — | — | — | — | — | — | — | +695.6% | +98.1% | — | -97.2% | -69.8% | -85.5% | — | +475.8% | — | |
| EV / EBITDA | 3.05 | 0.53 | — | 1.42 | 1.22 | 1.44 | — | 0.70 | — | 1.27 | 1.18 | — | 1.65 | 2.58 | — | 48.57 | — | 2.94 | 2.10 | 13.70 | 9.60 |
| — | -63.2% | — | +104.7% | — | +13.0% | — | — | — | -50.7% | — | — | — | -12.4% | — | +254.5% | — | -39.4% | -84.1% | -42.2% | +97.4% | |
| EV / EBIT | 3.57 | 0.53 | — | 1.42 | 1.22 | 1.44 | — | 0.70 | — | 1.27 | 1.18 | — | 1.65 | 2.58 | — | 48.57 | — | 2.94 | 2.10 | 13.70 | 9.60 |
| — | -63.2% | — | +104.7% | — | +13.0% | — | — | — | -50.7% | — | — | — | -12.4% | — | +254.5% | — | -39.4% | -84.1% | -42.2% | +97.4% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 57.3% | 100.0% | 62.1% | 60.8% | 6.4% | -2.1% | 9.5% | 81.5% | 3.0% | 10.6% | -7.3% | 256.2% | -6.8% | -45.5% | -11.7% | 58.6% | -42.6% | 29.1% | 11.8% | 72.1% | 8.3% |
| — | +4939.3% | +552.6% | -25.3% | +113.1% | -119.5% | +230.1% | -68.2% | +144.5% | +123.3% | +37.5% | +337.1% | +84.1% | -256.4% | -199.4% | -18.7% | -614.3% | +64.5% | +67.2% | +14.0% | -7.8% | |
| Operating Margin | 7.3% | 36.2% | -4.6% | 18.6% | 11.4% | 20.9% | -20.1% | 41.3% | -16.7% | 23.9% | 37.2% | -223.9% | 24.5% | 20.5% | -30.5% | -0.8% | -44.3% | 18.5% | 39.0% | 5.2% | 7.1% |
| — | +73.4% | +77.0% | -55.0% | +168.2% | -12.6% | -154.2% | +118.5% | -168.4% | +16.2% | +221.7% | -26725.1% | +155.2% | +11.0% | -178.2% | -116.1% | -727.1% | +16.2% | +572.2% | +148.7% | -18.8% | |
| Net Margin | 6.5% | 29.3% | -3.2% | 15.3% | 9.7% | 17.2% | -15.3% | 33.2% | -12.6% | 19.5% | 29.7% | -171.3% | 20.2% | 17.4% | -23.0% | 0.1% | -37.0% | 15.1% | 31.5% | 4.8% | 6.1% |
| — | +70.5% | +78.8% | -53.8% | +177.1% | -11.8% | -151.5% | +119.4% | -162.3% | +11.8% | +229.3% | -119799.4% | +154.6% | +15.8% | -172.9% | -97.0% | -706.2% | +13.8% | +532.2% | +44.3% | -18.9% |
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 12.3% | 12.4% | -1.6% | 7.1% | 4.5% | 7.9% | -8.8% | 19.5% | -6.2% | 11.6% | 16.9% | -24.5% | 18.9% | 8.1% | -14.9% | 0.2% | -31.1% | 7.0% | 8.4% | 1.0% | 1.5% |
| — | +56.8% | +81.4% | -63.8% | +171.5% | -31.8% | -151.8% | +179.8% | -132.9% | +41.9% | +213.7% | -15023.7% | +160.7% | +15.8% | -278.2% | -84.4% | -2201.5% | +126.3% | +685.5% | +62.4% | -21.3% | |
| ROA | 0.3% | 0.3% | -0.0% | 0.2% | 0.1% | 0.2% | -0.2% | 0.4% | -0.1% | 0.2% | 0.3% | -0.3% | 0.2% | 0.1% | -0.3% | 0.0% | -0.5% | 0.2% | 0.4% | 0.1% | 0.1% |
| — | +78.2% | +77.6% | -57.7% | +180.9% | -23.3% | -157.7% | +223.3% | -154.4% | +57.8% | +224.3% | -19405.6% | +146.2% | -38.3% | -166.1% | -96.9% | -740.2% | +39.3% | +541.2% | +43.6% | -27.5% | |
| ROIC | 12.0% | 14.3% | -2.2% | 10.2% | 5.7% | 7.1% | -7.7% | 17.7% | -6.0% | 9.0% | 11.9% | -15.1% | 10.4% | 5.0% | -9.9% | -0.3% | -15.0% | 4.6% | 6.2% | 0.7% | 1.1% |
| — | +101.2% | +71.8% | -42.1% | +195.7% | -21.1% | -164.5% | +217.0% | -157.4% | +78.6% | +219.4% | -4340.8% | +169.8% | +8.7% | -259.3% | -148.1% | -1486.3% | +103.2% | +733.5% | +182.9% | -23.5% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
| Metric | TTM | Q2 '26 | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 | Q4 '22 | Q3 '22 | Q2 '22 | Q1 '22 | Q4 '21 | Q3 '21 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.59 | 0.60 | 0.62 | 0.59 | 0.55 | 0.60 | 0.72 | 0.77 | 0.66 | 0.78 | 0.83 | 0.89 | 1.78 | 1.11 | 0.96 | 1.27 | 2.91 | 0.71 | 0.45 | 0.32 | 0.31 |
| — | +0.1% | -12.9% | -23.3% | -16.8% | -22.1% | -13.2% | -13.5% | -62.7% | -30.1% | -14.2% | -29.8% | -38.9% | +56.8% | +115.6% | +295.1% | +831.2% | +131.8% | +32.5% | +9.2% | +0.4% | |
| Debt / EBITDA | 4.11 | 3.98 | — | 6.46 | 9.57 | 6.80 | — | 2.91 | — | 5.22 | 3.87 | — | 5.09 | 9.41 | — | 150.12 | — | 5.91 | 3.45 | 22.01 | 15.02 |
| — | -41.5% | — | +121.8% | — | +30.4% | — | — | — | -44.6% | — | — | — | +59.3% | — | +582.1% | — | -25.5% | -82.9% | -48.8% | +17.7% | |
| Current Ratio | 0.47 | 25.41 | 18.36 | 0.47 | 0.48 | 0.46 | 3.28 | 3.22 | 3.18 | 3.19 | 2.99 | — | — | — | — | 163.95 | — | — | — | — | — |
| — | +5462.4% | +460.0% | -85.5% | -84.9% | -85.7% | +9.7% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Quick Ratio | 0.47 | 25.41 | 18.36 | 0.47 | 0.48 | 0.46 | 3.28 | 3.22 | 3.18 | 3.19 | 2.99 | — | — | — | — | 173.96 | — | — | — | — | — |
| — | +5462.4% | +460.0% | -85.5% | -84.9% | -85.7% | +9.7% | — | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| Interest Coverage | 6.89 | 21.04 | -2.04 | 12.30 | 7.63 | — | -10.86 | 26.30 | -7.17 | 13.74 | 19.86 | -18.93 | 13.31 | 8.17 | -13.10 | 0.55 | -28.94 | 16.18 | 28.80 | 4.58 | 6.04 |
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Includes 30+ ratios · 48 years · Updated daily
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Quick answers to the most common questions about buying LNC stock.
Lincoln National Corporation's current P/E is 7.0x. The average P/E over the last 3 quarters is 3.0x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Lincoln National Corporation's current operating margin is 7.3%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Lincoln National Corporation's business trajectory between earnings reports.