LINC
Lincoln Educational Services Corp
$54.11
+1.78 (+3.40%)
At close · Jul 6
Market Cap
$1.72B
Shares
31,720,728
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Revenue
$518.24M
+17.8%
FY2025
Net Income
$20M
+102.2%
FY2025
Gross Margin
60.37%
+1.7pp
FY2025
Operating Margin
5.85%
+2.4pp
FY2025
Diluted EPS
$0.64
+100%
FY2025
Operating Cash Flow
$59.31M
+102.4%
FY2025
Chart any reported metric, KPI or segment over time — the full statement history lives here
Search above to add metrics — fundamentals, product and segment revenue, company KPIs, valuation.
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 | FY2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| $544.69M | $518.24M | $440.06M | $378.07M | $348.29M | $335.34M | $293.1M | $273.34M | $263.2M | $261.85M | $285.56M | $306.1M | $218.04M | $215.6M | $380.16M | $456.72M | $604.76M | $552.54M | |
| $216.37M | $205.39M | $181.76M | $162.28M | $148.75M | $138.93M | $122.2M | $123.5M | $125.37M | $129.41M | $144.43M | $151.65M | $103.3M | $102.49M | $178.27M | $196.64M | $227.33M | $211.3M | |
| $328.32M | $312.85M | $258.31M | $215.8M | $199.54M | $196.41M | $170.9M | $149.85M | $137.83M | $132.44M | $141.13M | $154.46M | $114.74M | $113.11M | $201.89M | $260.08M | $377.43M | $341.24M | |
| — | 60.37% | 58.7% | 57.08% | 57.29% | 58.57% | 58.31% | 54.82% | 52.37% | 50.58% | 49.42% | 50.46% | 52.62% | 52.46% | 53.11% | 56.95% | 62.41% | 61.76% | |
| $88.75M | $84.55M | $75.24M | $65.55M | $61.24M | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $119.4M | $114.28M | $89.42M | $82.62M | $69.57M | — | — | — | — | — | — | — | — | — | — | — | — | — | |
| $295.19M | $282.95M | $243.8M | $209.14M | $182.39M | $168.92M | $156.2M | $145.18M | $141.24M | $138.78M | $148.45M | $151.8M | $116.57M | $116.84M | $189.49M | $216.85M | $257.62M | $252.39M | |
| — | — | — | — | — | — | — | — | — | — | $18K | $100K | $200K | $400K | $300K | $1.4M | $2.2M | — | |
| — | $19.16M | $11.33M | $6.6M | $6.36M | $7.14M | $7.4M | $8.12M | $8.42M | $8.7M | $11.07M | $14.51M | $19.34M | $23.7M | $26.85M | $28.46M | $26.22M | $24.24M | |
| — | — | — | — | — | $2.9M | — | — | — | — | — | — | — | — | — | — | — | — | |
| $511.39M | $487.93M | $424.89M | $344.71M | $332.01M | $286.08M | $278.31M | $268.1M | $267.15M | $266.57M | $314.47M | $305.4M | $241.7M | $219.05M | $392.91M | $421.78M | $489.79M | $464.22M | |
| $33.31M | $30.31M | $15.18M | $33.36M | $16.28M | $49.26M | $14.78M | $5.24M | -$3.95M | -$4.72M | -$28.91M | $704K | -$23.66M | -$3.45M | -$12.74M | $34.94M | $114.97M | $88.32M | |
| — | 5.85% | 3.45% | 8.82% | 4.67% | 14.69% | 5.04% | 1.92% | -1.5% | -1.8% | -10.13% | 0.23% | -10.85% | -1.6% | -3.35% | 7.65% | 19.01% | 15.98% | |
| — | $49.47M | $26.51M | $39.95M | $22.64M | $56.4M | $22.18M | $13.35M | $4.47M | $3.99M | -$17.85M | $15.21M | -$4.32M | $20.25M | $14.11M | $63.41M | $141.19M | $112.56M | |
| $3.53M | $3.39M | $2.57M | $347K | $160K | $2.02M | $1.28M | $2.96M | $2.42M | $7.1M | $6.13M | $8.02M | $3.43M | $4.27M | $4.48M | $4.37M | $4.52M | $4.28M | |
| $42K | $126K | $2.1M | $2.63M | $318K | $0 | $0 | $8000 | $31K | $56K | $155K | $52K | $62K | $37K | $2000 | $17K | $30K | $29K | |
| $28.89M | $26.12M | $14.71M | $35.64M | $16.44M | $47.25M | $13.51M | $2.28M | -$6.35M | -$11.76M | -$28.1M | -$3.11M | -$27.03M | -$7.66M | -$17.2M | $30.61M | $110.53M | $84.11M | |
| $6.48M | $6.12M | $4.82M | $9.64M | $3.8M | $12.53M | -$35.06M | $268K | $200K | -$274K | $200K | $242K | -$1.48M | $19.59M | -$2.28M | $13.05M | -$44.84M | $34.87M | |
| $22.41M | $20M | $9.89M | $26M | $12.63M | $34.72M | $48.57M | $2.02M | -$11.48M | -$11.48M | -$28.3M | -$3.35M | -$56.13M | -$51.29M | -$37.19M | $17.54M | $69.73M | $49.24M | |
| — | 3.86% | 2.25% | 6.88% | 3.63% | 10.35% | 16.57% | 0.74% | -4.36% | -4.39% | -9.91% | -1.09% | -25.74% | -23.79% | -9.78% | 3.84% | 11.53% | 8.91% | |
| — | — | $9.89M | $26M | $9.21M | $26.1M | $36.81M | $1.92M | -$11.48M | -$11.48M | — | — | — | — | — | — | — | — | |
| — | $19.72M | $10.2M | $26.92M | $12.91M | $37.64M | $47.86M | $2.62M | -$6.1M | -$9.89M | -$27.33M | -$2.96M | -$60.04M | -$48.07M | -$37.25M | $15.57M | — | — | |
| USD/shares | — | $0.65 | $0.32 | $0.86 | $0.36 | $1.04 | $1.49 | $0.08 | -$0.48 | -$0.48 | -$1.21 | -$0.14 | -$2.46 | -$2.28 | -$1.68 | $0.80 | $2.86 | $1.87 |
| USD/shares | — | $0.64 | $0.32 | $0.85 | $0.36 | $1.04 | $1.49 | $0.08 | -$0.48 | -$0.48 | -$1.21 | -$0.14 | -$2.46 | -$2.28 | -$1.68 | $0.79 | $2.79 | $1.82 |
| shares | — | 30.94K | 30.58K | 30.11K | 25.88M | 25.08M | 24.75M | 24.55M | 23.91M | 23.91M | 23.45M | 23.17M | 22.81M | 22.51M | 22.2M | 22.02M | 24.42M | 26.34M |
| shares | — | 31.26K | 30.89K | 30.54K | 25.88M | 25.08M | 24.75M | 24.55M | 23.91M | 23.91M | 23.45M | 23.17M | 22.81M | 22.51M | 22.2M | 22.16M | 25.02M | 27.1M |
Italic rows are computed from reported lines — open a row's info icon for its formula. Values reflect the latest filing (restatements included); per-share figures on today's split basis. Click a value for its source filing.
TTM: trailing twelve months through the latest reported quarter — flows sum the last four quarters, balances take the latest. 3Y/5Y/10Y columns are trailing CAGR from the newest fiscal year; blank where an endpoint is missing or negative.
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2009–FY2024: $86.61M in buybacks, $41.51M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against the industry, and each ratio recomputed as of past filing dates.
Valuation
Compare industry multiplesEV/Revenue
—
EV/EBIT
—
P/E (TTM)
75.15×
Education & Training Services median 21.17×
Valuation over time computed as of each quarter's filing date
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Campus Operations | — | — | $330,896,000 | $367,233,000 | $432,966,000 | $518,241,000 |
| Transitional | — | — | $17,391,000 | $10,837,000 | $7,098,000 | $0 |
| Transitional Segment | — | $6,807,000 | $17,391,000 | $10,837,000 | $7,098,000 | $0 |
| Healthcare And Other Professions Business Segment | $85,661,000 | $87,998,000 | $91,535,000 | — | — | — |
| Transportation And Skilled Trades | $207,434,000 | $240,531,000 | $249,905,000 | — | — | — |
Segment Operating Income
Annual operating income by business segment, as tagged in the company's own XBRL filings. Segments need not sum to the consolidated figure — corporate costs and eliminations are typically unallocated.
By Segment (USD)
| Component | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Campus Operations | — | — | $47,799,000 | $48,031,000 | $63,558,000 | $98,698,000 |
| Transitional Segment | — | $105,000 | $1,295,000 | -$2,366,000 | -$2,039,000 | $0 |
| Healthcare And Other Professions Business Segment | $11,068,000 | $11,740,000 | $7,189,000 | — | — | — |
| Transportation And Skilled Trades | $34,458,000 | $52,055,000 | $42,335,000 | — | — | — |
Operating Margin by Segment (%)
| Component | 2020-12-31 | 2021-12-31 | 2022-12-31 | 2023-12-31 | 2024-12-31 | 2025-12-31 |
|---|---|---|---|---|---|---|
| Campus Operations | — | — | 14.4% | 13.1% | 14.7% | 19% |
| Transitional Segment | — | 1.5% | 7.4% | -21.8% | -28.7% | — |
| Healthcare And Other Professions Business Segment | 12.9% | 13.3% | 7.9% | — | — | — |
| Transportation And Skilled Trades | 16.6% | 21.6% | 16.9% | — | — | — |