Lincoln Educational Services Corporation | Small-cap | Consumer Defensive
$23.75
0.89%
| Lincoln Educational Stock Comparison:
Lincoln Educational vs StrideLincoln Educational vs Grand CanyonLincoln Educational vs CourseraLincoln Educational vs Strategic EducationLincoln Educational vs Universal TechnicalLincoln Educational vs S&P 500 | Market
TL;DR Income Statement Balance Sheet Cash Flow Key Ratios Peer Comparison

TL;DR: Financial Overview - Revenue, Profits & Key Metrics

Latest Quarterly: Mar 2025

Income Metrics

Revenue 117.5M
Gross Profit 70.1M 59.65%
Operating Income 3.2M 2.72%
Net Income 1.9M 1.65%
EPS (Diluted) $0.06

Balance Sheet Metrics

Total Assets 427.4M
Total Liabilities 249.7M
Shareholders Equity 177.8M
Debt to Equity 1.40

Cash Flow Metrics

Operating Cash Flow -13.7M
Free Cash Flow -28.3M

Revenue & Profitability Trend

Lincoln Educational Income Statement From 2020 to 2024

Metric20242023202220212020
Revenue i440.1M378.1M348.3M335.3M293.1M
Cost of Goods Sold i181.8M162.3M148.7M138.9M122.2M
Gross Profit i258.3M215.8M199.5M196.4M170.9M
Gross Margin % i58.7%57.1%57.3%58.6%58.3%
Operating Expenses
Research & Development i-----
Selling, General & Administrative i243.8M209.1M182.4M168.9M156.2M
Other Operating Expenses i-----
Total Operating Expenses i243.8M209.1M182.4M168.9M156.2M
Operating Income i14.5M6.7M17.2M27.5M14.7M
Operating Margin % i3.3%1.8%4.9%8.2%5.0%
Non-Operating Items
Interest Income i2.1M2.6M318.0K00
Interest Expense i2.6M347.0K160.0K2.0M1.3M
Other Non-Operating Income675.0K26.7M-872.0K21.8M81.0K
Pre-tax Income i14.7M35.6M16.4M47.2M13.5M
Income Tax i4.8M9.6M3.8M12.5M-35.1M
Effective Tax Rate % i32.8%27.1%23.1%26.5%-259.6%
Net Income i9.9M26.0M12.6M34.7M48.6M
Net Margin % i2.2%6.9%3.6%10.4%16.6%
Key Metrics
EBITDA i27.9M15.9M23.8M34.6M22.1M
EPS (Basic) i$0.32$0.86$0.36$1.04$1.49
EPS (Diluted) i$0.32$0.85$0.36$1.04$1.49
Basic Shares Outstanding i3058038130105194258790002508100024748000
Diluted Shares Outstanding i3058038130105194258790002508100024748000

Income Statement Trend

Lincoln Educational Balance Sheet From 2020 to 2024

Metric20242023202220212020
Assets
Current Assets
Cash & Equivalents i59.3M76.0M46.1M83.3M38.0M
Short-term Investments i-014.8M0-
Accounts Receivable i43.0M35.7M37.2M26.2M30.0M
Inventory i3.1M2.9M2.6M2.7M2.4M
Other Current Assets4.8M5.6M4.7M4.9M3.7M
Total Current Assets i111.3M134.7M114.1M121.6M74.2M
Non-Current Assets
Property, Plant & Equipment i162.8M105.7M93.1M91.5M55.2M
Goodwill i21.5M21.5M29.1M29.1M29.1M
Intangible Assets i-----
Long-term Investments-----
Other Non-Current Assets46.7M42.5M45.9M44.5M52.9M
Total Non-Current Assets i325.3M210.6M177.4M173.7M171.0M
Total Assets i436.6M345.2M291.6M295.3M245.2M
Liabilities
Current Liabilities
Accounts Payable i37.0M18.2M10.5M12.3M15.7M
Short-term Debt i9.5M11.8M9.6M11.5M10.5M
Current Portion of Long-term Debt-----
Other Current Liabilities-33.0K31.0K15.0K26.0K
Total Current Liabilities i90.2M73.4M55.0M65.9M66.8M
Non-Current Liabilities
Long-term Debt i168.1M105.0M91.0M86.4M67.9M
Deferred Tax Liabilities i----0
Other Non-Current Liabilities16.0K56.0K--3.1M
Total Non-Current Liabilities i168.1M105.0M91.7M88.0M75.3M
Total Liabilities i258.3M178.4M146.7M153.9M142.1M
Equity
Common Stock i48.2M48.2M49.1M141.4M141.4M
Retained Earnings i79.2M69.3M51.2M39.7M6.2M
Treasury Stock i-0082.9M82.9M
Other Equity-----
Total Shareholders Equity i178.3M166.8M144.9M141.4M103.0M
Key Metrics
Total Debt i177.6M116.8M100.6M97.9M78.4M
Working Capital i21.0M61.3M59.1M55.7M7.3M

Balance Sheet Composition

Lincoln Educational Cash Flow Statement From 2020 to 2024

Metric20242023202220212020
Operating Activities
Net Income i9.9M26.0M12.6M34.7M48.6M
Depreciation & Amortization i11.3M6.6M6.4M7.1M7.4M
Stock-Based Compensation i4.6M5.9M3.1M2.9M1.7M
Working Capital Changes i-50.4M-36.1M-51.9M-31.2M-34.4M
Operating Cash Flow i-25.0M4.2M-28.5M25.7M-12.5M
Investing Activities
Capital Expenditures i9.9M33.3M2.4M45.4M0
Acquisitions i-----
Investment Purchases i0-24.3M-14.8M0-
Investment Sales i039.1M0--
Investing Cash Flow i9.9M48.1M-12.4M45.4M97.0K
Financing Activities
Share Repurchases i0-891.0K-9.4M0-
Dividends Paid i00-1.1M-1.2M-1.4M
Debt Issuance i762.0K--011.0M
Debt Repayment i-267.0K00-17.8M-28.0M
Financing Cash Flow i39.0K-891.0K-10.6M-19.1M-18.4M
Free Cash Flow i-27.6M-15.1M-8.1M19.9M17.9M
Net Change in Cash i-15.1M51.3M-51.4M52.1M-30.7M

Cash Flow Trend

Lincoln Educational Key Financial Ratios

Valuation Ratios

P/E Ratio (TTM) 59.04
Forward P/E 37.75
Price to Book 4.09
Price to Sales 1.60
PEG Ratio 37.75

Profitability Ratios

Profit Margin 2.65%
Operating Margin 2.72%
Return on Equity 7.04%
Return on Assets 2.85%

Financial Health

Current Ratio 1.04
Debt to Equity 99.17
Beta 1.50

Per Share Data

EPS (TTM) $0.39
Book Value per Share $5.63
Revenue per Share $14.79

Peer Financial Comparison

CompanyMarket CapP/E RatioP/B RatioROEProfit MarginDebt/Equity
linc727.4M59.044.097.04%2.65%99.17
Stride 6.5B24.934.3021.69%11.97%57.95
Grand Canyon 5.5B24.437.0730.77%22.15%13.86
Coursera 2.0B-24.253.31-10.83%-9.37%0.51
Strategic Education 1.8B16.081.106.89%9.27%7.22
Universal Technical 1.5B23.164.7623.11%7.80%85.08

Financial data is updated regularly. All figures are in the company's reporting currency.