Lincoln Educational Services (LINC) Financials

$25.02

$0.64 (2.63%)

As on 11-Sep-2026 16:00EDT

Market cap

$813 Mln

Revenue (TTM)

$571 Mln

P/E Ratio

35.1

P/B Ratio

4

Div. Yield

0 %

Annual
Quarterly

Income Statement ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Operating Revenue	570.78	518.24	440.06	378.07	348.29	335.34
Cost of Revenue	229.21	205.39	181.76	162.28	148.75	138.93
Gross Profit	341.56	312.85	258.31	215.80	199.54	196.41
Operating Expenses	307.75	282.95	243.13	182.44	183.26	147.14
Operating Profit (EBIT)	33.82	29.91	15.18	33.36	16.28	49.26
Other Income	--	--	--	--	0.32	--
Profit before Tax	29.08	26.12	14.71	35.64	16.44	47.25
Provision for Tax	6.28	6.12	4.82	9.64	3.80	12.53
Profit after Tax (Net Income)	22.80	20.00	9.89	26.00	12.63	34.72
Minority Interest	--	--	--	--	--	--
Consolidated Profit	--	--	--	--	11.52	33.50

Liabilities ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Shareholder's Funds	202.39	199.69	178.26	166.80	144.88	141.40
Minority Interest	--	--	--	--	--	--
Non-Current Liabilities	216.44	192.77	168.08	105.04	91.67	88.02
Current Liabilities	110.95	100.71	90.21	73.41	55.02	65.88
Total Liabilities	640.73	493.16	436.56	345.25	291.57	295.30

Assets ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Non-Current Assets	423.53	406.13	325.30	210.59	177.43	173.67
Current Assets	106.25	87.03	111.25	134.66	114.14	121.63
Total Assets	640.73	493.16	436.56	345.25	291.57	295.30
Total Debt*	228.10	203.86	177.56	116.79	100.63	97.89
Net Current Assets	-4.70	-13.68	21.04	61.25	59.12	55.75

Cashflow ($ Mln)	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Cash From Operating Activities	--	59.19	29.31	25.56	0.88	27.45
Cash Flow from Investing Activities	--	-86.20	-46.97	7.37	-21.35	37.85
Cash from Financing Activities	--	-3.75	-3.33	-2.95	-12.55	-20.01
Net Cash Inflow / Outflow	--	--	--	--	-33.02	45.28

Financials Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Adjusted EPS ($)	0.73	0.64	0.32	0.84	0.48	1.38
Cash EPS ($)	--	1.25	0.68	1.05	0.72	1.66
Adjusted Book Value ($)	--	6.39	5.72	5.41	5.48	5.62
Dividend per Share ($)	--	--	--	--	--	--
Cash Flow per Share ($)	--	1.89	0.94	0.83	0.03	1.09
Free Cash Flow per Share ($)	--	-0.88	-0.88	-0.49	-0.31	0.79

Profitability Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
ROCE (%)	--	5.27	3.09	9.83	5.21	16.50
ROE (%)	11.34	10.58	5.73	16.68	8.83	28.41
ROA (%)	3.88	4.30	2.53	8.16	4.31	12.85
EBIT Margin (%)	5.76	5.69	3.93	9.52	4.77	0.02
Net Margin (%)	3.99	3.86	2.25	6.88	3.62	10.35
Cash Profit Margin (%)	--	--	--	--	--	--

Growth Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Revenue Growth (%)	22.02	0.18	0.16	0.09	0.04	0.14
EBIT Growth (%)	37.28	70.83	-51.99	116.84	20,139.02	-99.44
Net Profit Growth (%)	59.61	102.18	-61.95	105.77	-63.61	-28.51
EPS Growth (%)	58.71	1.01	-0.62	0.76	-0.65	-0.30
Book Value Growth (%)	11.49	--	--	--	--	--

Valuation Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Price / Earnings	35.12	37.75	49.81	11.91	12.12	5.42
Price / Book Value	4.00	3.78	2.76	1.86	1.06	1.33
Dividend Yield (%)	--	--	--	--	--	--
EV/EBITDA	16.84	18.48	21.36	8.20	8.40	28.06
Close Price ($)	49.90	24.15	15.82	10.04	5.79	7.47
High Price ($)	53.50	25.76	18.74	10.35	7.95	8.20
Low Price ($)	17.29	14.10	8.91	5.05	4.59	5.25
Market Cap ($ Cr)	813.34	--	--	--	--	--

Solvency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debt to Equity	0.13	1.02	1.00	0.70	0.69	0.69
Short term debt to equity ratio	0.06	0.06	0.05	0.07	0.07	0.08
Current Ratio	0.96	0.86	1.23	1.83	2.07	1.85
Quick Ratio	0.92	0.82	1.20	1.79	2.03	1.80
Interest Coverage	8.70	8.70	6.74	103.71	103.73	0.04

Operating Efficiency Ratios	TTM	Dec-25	Dec-24	Dec-23	Dec-22	Dec-21	Dec-20	Dec-19	Dec-18	Dec-17	Dec-16
Debtors to sales (%)	9.02	11.23	9.77	9.44	10.67	7.80
Asset Turnover	0.97	1.11	1.13	1.19	1.19	1.24
Receivable days	--	35.65	32.65	35.20	33.21	30.60
Inventory Days	--	6.26	6.03	6.26	6.56	6.72
Payable days	--	56.95	55.44	32.24	27.98	36.77
Cash Conversion Cycle	--	-15.04	-16.76	9.22	11.78	0.55

*TTM (Trailing Twelve Months) data based on income statement of last 4 quarters and interim half yearly balance sheet.