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LINC · Nasdaq · United States · Services-Educational Services
In shortLINCOLN EDUCATIONAL SERVICES CORP is profitable, burns cash and holds more cash than debt, with revenue growing (+17.8% last year).
Financial health
Solid
Built from five areas over the last five annual reports. Tap an area to see the figures behind it.
| Operating marginShare of each sale left after running the business, before interest and tax. | 5.8% | 36/100 |
|---|---|---|
| Net marginShare of each sale left as profit after every cost, interest and tax. | 3.9% | 35/100 |
| Return on equityProfit earned on the money shareholders put in. Above 15% is strong. | 10.6% | 53/100 |
| Return on invested capitalProfit earned on all the capital used (equity and debt). Above 10% usually means a real competitive edge. | 11.6% | 77/100 |
Weight in the score: 25%
| Current ratioShort-term assets divided by short-term debts. Below 1 can mean tight cash. | 0.86× | 5/100 |
|---|---|---|
| Debt / equityDebt compared with the shareholders' stake. Above 2 is heavily indebted. | 0.00× | 100/100 |
| Net debt / EBITDAYears of operating profit needed to repay net debt. Below 2 is comfortable. | Net cash | 100/100 |
| Interest coverageHow many times operating profit covers interest. Below 2 is risky. | 8.93× | 71/100 |
| Altman Z''Bankruptcy-risk model. Above 2.6 safe, below 1.1 distress. | 1.60 | 13/100 |
Weight in the score: 25%
| Free cash flow marginCash left from each sale after investments. The money that can pay dividends or reduce debt. | -5.3% | 0/100 |
|---|---|---|
| Free cash flow / net incomeHow much accounting profit turns into real cash. Near 1 or above is healthy. | -1.37× | 0/100 |
| Years with positive free cash flow (last 5) | 1 of 5 | 0/100 |
Weight in the score: 20%
| Profitable years (last 5) | 5 of 5 | 100/100 |
|---|---|---|
| Years of revenue decline (last 5) | 0 of 5 | 100/100 |
| Revenue growth volatility | 5.8% | 89/100 |
| Operating margin volatility | 4.5% | 68/100 |
Weight in the score: 20%
| Revenue growth, 3-year average | 14.2% | 95/100 |
|---|---|---|
| EPS growth, 3-year average | 21.1% | 100/100 |
Weight in the score: 10%
Fiscal year 2025 · change vs prior year
Annual figures as reported. Hover a bar or point for the exact value.
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 5 fiscal years from the company's annual reports.
USD millions; negative values in parentheses.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | 335 | 348 | 378 | 440 | 518 |
| Cost of revenue | 139 | 149 | 162 | 182 | 205 |
| Gross profit | 196 | 200 | 216 | 258 | 313 |
| Selling, general & admin | 169 | 182 | 209 | 244 | 283 |
| Operating income | 49 | 16 | 33 | 15 | 30 |
| Interest expense | 2 | 0.2 | 0.3 | 2.6 | 3.4 |
| Pre-tax income | 47 | 16 | 36 | 15 | 26 |
| Income tax | 13 | 3.8 | 9.6 | 4.8 | 6.1 |
| Net income | 35 | 13 | 26 | 9.9 | 20 |
| Diluted EPS | $1.04 | $0.36 | $0.85 | $0.32 | $0.64 |
| Diluted shares (millions) | 25 | 26 | 0 | 0 | 0 |
5 older years available with the 10-year history. Essential plan, from €8.25/month →
The last 8 reported quarters (10-Q and 10-K filings), in USD millions. The fourth quarter is derived from the annual report.
The last 8 quarters of LINCOLN EDUCATIONAL SERVICES CORP are included in the Investor plan. Try free for 7 days →
1.60 Grey zone
Estimates bankruptcy risk from working capital, retained earnings, operating profit and equity. Above 2.6 is considered safe, below 1.1 signals distress.
7/9
Nine yes-or-no tests on profitability, debt, liquidity and efficiency versus the prior year. 7 to 9 is strong, 0 to 3 is weak.
All figures: SEC EDGAR. Ratios and scores are computed by Scorvest (see how it works). Information only, not investment advice. How it works
Latest annual report: Jun 30, 2026 · Data updated Aug 10, 2026