Lincoln Educational Services (LINC) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Lincoln Educational Services

NasdaqGS•Consumer Defensive•Education & Training Services

$25.02+0.64(0.03%)Pre-market

Market Cap

$793.95M

P/E

34.8x

P/S

1.4x

P/B

3.9x

Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented postsecondary education services to high school graduates and working adults in the United States. It operates in two segments, Campus Operations and Transitional. The company offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; and health science and information technology programs. It operates schools under the Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College brands. Lincoln Educational Services Corporation was founded in 1946 and is headquartered in Parsippany, New Jersey.

How this company scores

GoodMetricSide Score: 65/100

Strongest: Growth (24/25); weakest: Cash & Earnings Quality (11/25).

Profitability13/25

Growth24/25

Balance Sheet & Red Flags17/25

Cash & Earnings Quality11/25

Strengths

Growing revenueRising earningsLow leverageConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 34.8x5y range 5.5x – 55.8x

Currently near its 20-quarter median.

P/S · 1.4x5y range 0.9x – 2.3x

Currently above its 20-quarter median.

P/B · 3.9x5y range 2.2x – 6.3x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Earnings Quality

Red Flag

Free cash flow has been negative in 4 of the last 8 quarters — earnings are not translating to cash.

Cash Burn

Watch

4 of the last 8 quarters had negative FCF — inconsistent cash generation raises sustainability concerns.

Price & Volume

Market Cap $793.95M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $570.78M
Q. Revenue: $142.56M
TTM EBITDA: $69.19M
TTM Op. Income: $33.74M
Q. Op. Income: $3.31M
TTM Net Income: $22.80M
Q. Net Income: $1.95M
EPS: $0.06
Shares Out.: $31.26M

$570.78M in TTM revenue grew 22.0% YoY, reaching $142.56M last quarter. TTM EBITDA of $69.19M and TTM operating income of $33.74M show growth is flowing through to the bottom line. TTM net income of $22.80M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 58.2%
EBITDA Margin: 7.5%
Op. Margin: 2.3%
Net Margin: 1.4%

Op. margin of 2.3% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 1.4% and gross margin of 58.2% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has fallen for 2 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 34.8x
P/S Ratio: 1.4x
P/B Ratio: 3.9x

At 34.8x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.4x and P/B of 3.9x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 30% — an improving trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $529.78M
Cash: $44.18M
Long-Term Debt: $26.00M
Book Value: $202.39M
D/E Ratio: 0.1
Debt/EBITDA: 2.4

With $529.78M in assets and $26.00M in long-term debt, D/E is 0.1and book value is $202.39M — a conservative capital structure with a cushion to weather downturns. Over the past year, debt/equity is up 0% — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $22.07M
TTM Free Cash Flow: $24.53M
FCF Margin: 4.3%
FCF / Net Income: 1.1

TTM FCF of $24.53M on $22.07M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.