LINCOLN EDUCATIONAL SERVICES CORPORATION financials

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LINC CIK 0001286613

Source: EDGAR filings · Built 2026-06-02T03:27:44Z

Key metrics by reporting period

Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.

Derived Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Free Cash Flow -27.32M -28.05M -15.14M -8.10M 19.92M 17.91M
EBITDA 49.47M 26.51M 39.95M 22.64M 56.40M 22.18M
Working Capital -13.68M 21.04M 61.25M 59.12M 55.74M 7.32M
Net Debt 175.34M 118.29M 40.79M 54.56M 14.58M 40.98M
Gross Margin 60.37% 58.70% 57.08% 57.29% 58.57% 58.31%
Operating Margin 5.85% 3.45% 8.82% 4.67% 14.69% 5.04%
Net Margin 3.86% 2.25% 6.88% 3.63% 10.35% 16.57%
Return on Equity (ROE) 10.01% 5.55% 15.59% 8.72% 26.83% 53.33%
Return on Assets (ROA) 4.05% 2.27% 7.53% 4.33% 11.76% 19.81%
Current Ratio 0.86× 1.23× 1.83× 2.07× 1.85× 1.11×
Debt-to-Equity 1.02× 1.00× 0.70× 0.69× 0.76× 0.87×
Effective Tax Rate 23.43% 32.76% 27.05% 23.13% 26.52% -259.58%
Cash Conversion Ratio 2.97× 2.96× 0.98× 0.07× 0.79× 0.48×
Accruals Ratio -0.08× -0.04× 0.00× 0.04× 0.02× 0.10×
SBC % of Revenue 1.06% 1.05% 1.56% 0.89% 0.86% 0.58%
CapEx Coverage 0.68× 0.51× 0.63× 0.10× 3.64× 4.21×
Free Cash Flow Per Share $-0.87 $-0.91 $-0.50 $-0.31 $0.79 $0.72

Valuation Metrics

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
P/E Trailing (Diluted) 37.73× 49.44× 11.81× 16.08× 7.18× 4.36×
P/FCF — — — — 9.41× 8.98×
FCF Yield — — — — 10.63% 11.13%
EV / EBITDA 18.98× 23.24× 8.90× 10.38× 3.83× 9.61×
P/S 1.47× 1.13× 0.83× 0.52× 0.60× 0.59×
P/B 3.82× 2.79× 1.89× 1.24× 1.56× 1.89×

Income Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue from Contract with Customer, Excluding Assessed Tax 518.24M 440.06M 378.07M 348.29M 335.34M 293.10M
Cost of Goods and Services Sold 205.39M 181.76M 162.28M 148.75M 138.93M 122.20M
Selling, General and Administrative Expense 282.95M 243.80M 209.13M 182.39M 168.92M 156.20M
Operating Income (Loss) 30.31M 15.18M 33.36M 16.28M 49.26M 14.78M
Income Tax Expense (Benefit) 6.12M 4.82M 9.64M 3.80M 12.53M -35.06M
Net Income (Loss) Attributable to Parent 20.00M 9.89M 26.00M 12.63M 34.72M 48.56M
Earnings Per Share, Basic $0.65 $0.32 $0.86 $0.36 $1.04 $1.49
Weighted Average Number of Shares Outstanding, Basic 30.94M 30.58M 30.11M 25.88M 25.08M 24.75M
Earnings Per Share, Diluted $0.64 $0.32 $0.85 $0.36 $1.04 $1.49
Weighted Average Number of Shares Outstanding, Diluted 31.26M 30.89M 30.54M 25.88M 25.08M 24.75M

Balance Sheet

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash and Cash Equivalents, at Carrying Value 28.52M 59.27M 75.99M 46.07M 83.31M 38.03M
Assets, Current 87.03M 111.25M 134.66M 114.14M 121.63M 74.16M
Assets 493.16M 436.56M 345.25M 291.57M 295.30M 245.19M
Long-term Debt — — — — — 17.80M
Liabilities, Current 100.71M 90.21M 73.41M 55.02M 65.88M 66.84M
Long-term Debt, Excluding Current Maturities 0 0 — — 0 15.21M
Liabilities 293.48M 258.29M 178.44M 146.69M 153.90M 142.14M
Stockholders' Equity Attributable to Parent 199.69M 178.26M 166.80M 144.88M 129.42M 91.07M
Common Stock, Shares, Outstanding 31.62M 31.46M 31.36M 31.15M 27.00M 26.48M

Cash Flow Statement

Concept FY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Net Cash Provided by (Used in) Operating Activities 59.31M 29.31M 25.56M 882.00K 27.45M 23.48M
Payments to Acquire Property, Plant, and Equipment 86.63M 56.87M 40.70M 8.99M 7.53M 5.58M
Net Cash Provided by (Used in) Investing Activities -86.20M -46.97M 7.37M -21.35M 37.85M -5.48M
Payments for Repurchase of Common Stock — 0 891.00K 9.45M 0 —
Net Cash Provided by (Used in) Financing Activities -3.87M -3.33M -2.94M -12.55M -20.01M -18.62M

Raw XBRL tagging for a single filing

Every us-gaap and custom concept the filer tagged for one fiscal period, grouped by statement. Start here when a number in the trend table above surprises you and you want to see the exact tag behind it. Derived and valuation rows are omitted here because they already appear in the trend table.

Most recent filing shown by default.

Compare filings side-by-side

Diff any two filings with deltas and added / removed tags.

Immaterial rows are USD line items under 1% of the period's revenue — the noise floor below which a single tag rarely moves the investment thesis. Revenue is read from the filer's top-line concept (Revenues / RevenueFromContractWithCustomerExcludingAssessedTax, with a fallback chain). Non-USD rows, rows without a numeric value, and every row on a filing with no identifiable revenue anchor stay visible. Flip the switch off to see every tag the filer reported for the period.

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Methodology

All facts on this page come straight from SEC EDGAR XBRL company-facts filings (LINC CIK 0001286613), grouped by financial statement using FASB's base us-gaap presentation taxonomy. Filers may re-parent concepts onto different statements in their own extension taxonomy, so a handful of rows can show up under a different statement than on the actual 10-K / 10-Q; custom concepts and any we couldn't map fall into Other. Hover a cell to see the fully-qualified concept name and the filer's description.

For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.

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