Lincoln Educational Services Corp
LINC Nasdaq· Services-Educational Services
Last close · Oct 23, 2026
$21.68
KIRA · Stoqly’s AI analyst, in plain words
- Lincoln Educational Services Corp had $518M of revenue in fiscal 2025, up 17.8% on the year before. Over five years, revenue changed +12.1% a year on average.
- Its operating margin was 5.8%, up 2.4 pts: of every 100 in sales, about 6 is left after running the business.
- Lincoln Educational Services Corp made $20.0M of net profit in fiscal 2025.
- Free cash flow was −$27.3M in fiscal 2025, −5.3% of revenue.
- Lincoln Educational Services Corp owes $2.6M more than it holds in cash, about 0.1 years of operating profit.
Market cap
$681M
P/E
29.7x
Revenue
$518M
Net income
$20.0M
Free cash flow
−$27.3M
Operating margin
5.8%
Lincoln Educational Services Corp in 30 seconds · fiscal 2025
Are sales growing?
+17.8%
Yes. Sales grew 17.8% last year.
Does it make a profit?
3.9%
A little. It keeps 3.9% of every sale as profit.
Does profit turn into cash?
−5.3%
No. It spent more cash than it brought in.
Is debt under control?
0.1x
Yes. It could repay its debt with 0.1 years of operating profit.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
29.7x
One share costs 29.7 times its yearly profit per share.
What Lincoln Educational Services Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 2, 2026
- Legal name
- LINCOLN EDUCATIONAL SERVICES CORP
- CIK
- 0001286613
Lincoln Educational Services Corp · LINC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $335M | $348M | $378M | $440M | $518M |
| Revenue growth | 14.4% | 3.9% | 8.6% | 16.4% | 17.8% |
| Gross margin | 58.6% | 57.3% | 57.1% | 58.7% | 60.4% |
| Operating margin | 14.7% | 4.7% | 8.8% | 3.4% | 5.8% |
| Net income | $34.7M | $12.6M | $26.0M | $9.9M | $20.0M |
| Net margin | 10.4% | 3.6% | 6.9% | 2.2% | 3.9% |
| Diluted EPS | $1.04 | $0.36 | $0.85 | $0.32 | $0.64 |
| Cash | |||||
| Cash from operations | $27.4M | $0.9M | $25.6M | $29.3M | $59.3M |
| Capital expenditure | $7.5M | $9.0M | $40.7M | $56.9M | $86.6M |
| Free cash flow | $19.9M | −$8.1M | −$15.1M | −$27.6M | −$27.3M |
| FCF margin | 5.9% | −2.3% | −4.0% | −6.3% | −5.3% |
| Share buybacks | $0.0M | $9.4M | $0.9M | $0.0M | — |
| Share count change | 1.3% | 3.2% | −99.9% | 1.3% | 1.3% |
| Debt and strength | |||||
| Cash and short-term investments | $83.3M | $60.8M | $76.0M | $59.3M | $28.5M |
| Debt incl. finance leases | $0.0M | — | — | $29.3M | $31.1M |
| Shareholders' equity | $129M | $145M | $167M | $178M | $200M |
| Net debt / EBITDA | −1.5x | — | — | −1.1x | 0.1x |
| Current ratio | 1.8x | 2.1x | 1.8x | 1.2x | 0.9x |
| Interest coverage | 24.4x | 101.7x | 96.1x | 5.9x | 8.9x |
| Returns and quality | |||||
| Return on capital | 78.5% | — | — | 8.6% | 13.6% |
| Return on equity | 31.5% | 9.2% | 16.7% | 5.7% | 10.6% |
| Return on tangible equity | 22.7% | 7.1% | 16.7% | 5.9% | 10.6% |
| Piotroski F-score | 5 | 4 | 4 | 4 | 6 |
| Altman Z'' | 3.7 | 3.3 | 3.4 | 1.9 | 1.6 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$31.8M
9 insiders
Of sales under plans
0%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Lincoln Educational Services Corp · LINC
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $21.68 a share, the company is worth $681M: 29.7 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0001286613). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.