LINCOLN EDUCATIONAL SERVICES CORP
Company Stats
- Market Cap
- $693.7M
- as of Sep 30, 2026
- Shares Outstanding
- 31.7M
- Free Float
- 33.7%
Income Statement
- Revenue
- $518.2M
- Operating Income
- $30.3M
- Net Income
- $20.0M
- EBITDA
- $49.5M
- Revenue Growth, 3Y
- 14.2%
- FCF Margin, 3Y Avg
- -5.2%
- FCF Margin, Worst Year
- -6.3%
Cash Flow
- Free Cash Flow
- -$27.3M
- FCF Yield
- -3.9%
- Owner FCF Yield
- -4.7%
Balance Sheet
- Cash & Equivalents
- $28.5M
Returns & Capital
- Buyback Yield, 3Y Avg
- 0.0%
- SBC, 3Y Avg
- $5.3M
Cash Flow by Year
| Year | Revenue | FCF | Margin |
|---|---|---|---|
| FY2025 | $518.2M | -$27.3M | -5.3% |
| FY2024 | $440.1M | -$27.6M | -6.3% |
| FY2023 | $378.1M | -$15.1M | -4.0% |
| FY2022 | $348.3M | -$8.1M | -2.3% |
| FY2021 | $335.3M | $19.9M | 5.9% |
Annual filing data through FY ended December 31, 2025; shares and float as of October 28, 2026. Yields and enterprise value use the calculated market cap above, at its as-of date. Ratios are our calculations from reported figures.
Stronger demand supports expansion as pricing diverges