Lincoln National Corp
LNC NYSE· Life Insurance
Last close · Oct 23, 2026
$39.84
KIRA · Stoqly’s AI analyst, in plain words
- Lincoln National Corp had $18.2B of revenue in fiscal 2025, down 1.2% on the year before. Over five years, revenue changed +0.9% a year on average.
- Lincoln National Corp made $1.2B of net profit in fiscal 2025. From fiscal 2016 to 2025, diluted EPS grew 1.7% a year.
- Lincoln National Corp returned $325M to shareholders in fiscal 2025. The diluted share count rose 7.5%.
- Lincoln National Corp has $3.2B more cash than debt.
Market cap
$7.8B
P/E
3.3x
Revenue
$18.2B
Net income
$1.2B
Free cash flow
—
Operating margin
—
Lincoln National Corp in 30 seconds · fiscal 2025
Are sales growing?
−1.2%
No. Sales fell 1.2% last year.
Does it make a profit?
6.5%
A little. It keeps 6.5% of every sale as profit.
How healthy are the accounts?
2 / 7
Weak. It passes 2 of 7 health tests.
How is the share priced?
3.3x
One share costs 3.3 times its yearly profit per share.
What Lincoln National Corp does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 19, 2026
- Legal name
- LINCOLN NATIONAL CORP
- CIK
- 0000059558
Lincoln National Corp · LNC
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $17.7B | $18.8B | $11.6B | $18.4B | $18.2B |
| Revenue growth | 1.6% | 6.2% | −38.1% | 58.4% | −1.2% |
| Net income | $3.8B | $1.4B | −$752M | $3.3B | $1.2B |
| Net margin | 21.3% | 7.2% | −6.5% | 17.8% | 6.5% |
| Diluted EPS | $19.96 | $7.78 | −$4.92 | $18.41 | $5.83 |
| Cash | |||||
| Cash from operations | −$217M | $3.6B | −$2.1B | −$2.0B | −$167M |
| Dividends paid | $319M | $310M | $305M | $307M | $325M |
| Share buybacks | $1.1B | $550M | $0.0M | $0.0M | — |
| Share count change | −2.5% | −8.9% | −1.1% | 1.4% | 7.5% |
| Debt and strength | |||||
| Cash and short-term investments | $2.6B | $3.3B | $3.4B | $5.8B | $9.5B |
| Debt incl. finance leases | $6.8B | $6.9B | $6.0B | $6.2B | $6.3B |
| Loans, net | — | $18.3B | $19.0B | $21.1B | $22.5B |
| Shareholders' equity | $19.9B | $5.1B | $6.9B | $8.3B | $10.9B |
| Returns and quality | |||||
| Return on equity | 17.7% | 10.9% | −12.5% | 43.2% | 12.3% |
| Return on tangible equity | 20.8% | 34.3% | −14.5% | 44.7% | 11.1% |
| Piotroski F-score | 4 | 5 | 2 | 4 | 2 |
Insiders bought, 12 months
$0.1M
2 insiders
Insiders sold, 12 months
$3.7M
5 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 National Corp · LNC
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 $39.84 a share, the company is worth $7.8B: 3.3 times its earnings of the last four quarters.
Source: SEC EDGAR XBRL filings (CIK 0000059558). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.