Symbols / LINC Stock $39.11 -1.21% Lincoln Educational Services Corporation

Consumer Defensive • Education & Training Services • United States • NMS
LINC (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Consumer Defensive
Industry Education & Training Services
CEO Mr. Scott M. Shaw
Exch · Country NMS · United States
Market Cap 1.25B
Enterprise Value 1.42B
Income 20.00M
Sales 518.24M
FCF (ttm) -41.82M
Book/sh 6.31
Cash/sh 0.90
Employees 2,190
Insider 10d —
IPO Jun 23, 2005
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 61.11
Forward P/E 36.72
PEG 3.78
P/S 2.41
P/B 6.19
P/C —
EV/EBITDA 28.55
EV/Sales 2.74
Quick Ratio 0.75
Current Ratio 0.86
Debt/Eq 102.09
LT Debt/Eq —
EPS (ttm) 0.64
EPS next Y 1.06
EPS Growth 87.10%
Revenue Growth 19.70%
EPS Gr Q/Q 85.80%
Rev Gr Q/Q —
Earnings (next) 2026-05-11
Earnings (prior) 2026-02-23
ROA 3.90%
ROE 10.58%
ROIC —
Gross Margin 60.37%
Oper. Margin 11.81%
Profit Margin 3.86%
Shs Outstand 31.70M
Shs Float 25.97M
Insider Own 7.30%
Instit Own 84.02%
Short Float 6.79%
Short Ratio 3.75
Short Interest 1.85M
52W High 42.85
vs 52W High -8.73%
52W Low 16.25
vs 52W Low 140.68%
Beta 0.83
Impl. Vol. 64.99%
Rel Volume 0.47
Avg Volume 490.48K
Volume 232.20K
Target (mean) $44.80
Tgt Median $45.00
Tgt Low $44.00
Tgt High $46.00
# Analysts 5
Recom None
Prev Close $39.59
Price $39.11
Change -1.21%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$44.80
Mean price target
2. Current target
$39.11
Latest analyst target
3. DCF / Fair value
$-23.75
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$39.11
Low
$44.00
High
$46.00
Mean
$44.80

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-03-20 main B. Riley Securities Buy → Buy $46
2026-03-20 main Barrington Research Outperform → Outperform $45
2026-03-20 main Lake Street Buy → Buy $44
2026-03-20 main Rosenblatt Buy → Buy $45
2026-02-24 main Lake Street Buy → Buy $35
2026-02-24 main B. Riley Securities Buy → Buy $38
2026-02-24 main Rosenblatt Buy → Buy $39
2026-02-23 main Barrington Research Outperform → Outperform $38
2026-02-19 main Barrington Research Outperform → Outperform $33
2026-01-27 main B. Riley Securities Buy → Buy $33
2025-12-01 main Barrington Research Outperform → Outperform $27
2025-11-11 main Barrington Research Outperform → Outperform $25
2025-10-29 main Barrington Research Outperform → Outperform $25
2025-09-23 main Barrington Research Outperform → Outperform $25
2025-08-12 main Rosenblatt Buy → Buy $27
2025-05-13 main Lake Street Buy → Buy $26
2025-05-13 main Rosenblatt Buy → Buy $25
2025-05-12 main Barrington Research Outperform → Outperform $25
2025-03-26 main Barrington Research Outperform → Outperform $22
2025-02-25 main Rosenblatt Buy → Buy $24
News
RSS: Latest LINC news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-10 NYCE CHAD D Chief Operating Officer — 8,450 $36.50 $308,425
2026-03-06 YOUNG SYLVIA JEAN Director — 7,959 $35.81 $285,012
2026-03-02 PLATER MICHAEL A Director — 17,256 $35.73 $616,557
2026-02-27 LUSTER ALEXANDRA M General Counsel — 833 $0.00 $0
2026-02-27 NYCE CHAD D Chief Operating Officer — 4,329 $0.00 $0
2026-02-27 SHAW SCOTT M Chief Executive Officer — 9,991 $0.00 $0
2026-02-27 MEYERS BRIAN KEITH Chief Financial Officer — 4,329 $0.00 $0
2026-02-27 ACE STEPHEN E Officer — 833 $0.00 $0
2026-02-26 BURKE JAMES J JR. Director — 8,557 $34.69 $297,421
2026-02-25 JUNIPER INVESTMENT COMPANY, LLC Affiliated Person — 275,000 $34.55 $9,500,645
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
518.24
+17.76%
440.06
+16.40%
378.07
+8.55%
348.29
Operating Revenue
518.24
+17.76%
440.06
+16.40%
378.07
+8.55%
348.29
Cost Of Revenue
205.39
+13.00%
181.76
+12.01%
162.28
+9.10%
148.75
Reconciled Cost Of Revenue
205.39
+13.00%
181.76
+12.01%
162.28
+9.10%
148.75
Gross Profit
312.85
+21.12%
258.31
+19.70%
215.79
+8.15%
199.54
Operating Expense
283.87
+16.43%
243.80
+16.58%
209.13
+14.66%
182.39
Selling General And Administration
282.95
+16.06%
243.80
+16.58%
209.13
+14.66%
182.39
Total Expenses
489.26
+14.97%
425.56
+14.58%
371.41
+12.16%
331.14
Operating Income
28.98
+99.83%
14.50
+117.75%
6.66
-61.17%
17.15
Total Operating Income As Reported
30.31
+99.72%
15.18
-54.50%
33.36
+104.93%
16.28
EBITDA
48.67
+70.13%
28.61
-32.81%
42.58
+85.48%
22.96
Normalized EBITDA
48.27
+72.78%
27.93
+75.87%
15.88
-33.34%
23.83
Reconciled Depreciation
19.16
+69.06%
11.33
+71.83%
6.60
+3.68%
6.36
EBIT
29.51
+70.83%
17.28
-51.99%
35.99
+116.84%
16.60
Total Unusual Items
0.41
-39.85%
0.68
-97.47%
26.70
+3161.70%
-0.87
Total Unusual Items Excluding Goodwill
0.41
-39.85%
0.68
-97.47%
26.70
+3161.70%
-0.87
Special Income Charges
0.41
-39.85%
0.68
-97.47%
26.70
+3161.70%
-0.87
Other Special Charges
—
-2.79
—
—
Impairment Of Capital Assets
0.00
0.00
-100.00%
4.22
+302.29%
1.05
Net Income
20.00
+102.18%
9.89
-61.95%
26.00
+105.77%
12.63
Pretax Income
26.12
+77.54%
14.71
-58.72%
35.64
+116.83%
16.44
Net Non Operating Interest Income Expense
-3.27
-601.29%
-0.47
-120.43%
2.28
+1343.67%
0.16
Interest Expense Non Operating
3.39
+32.32%
2.56
+639.19%
0.35
+116.88%
0.16
Net Interest Income
-3.27
-601.29%
-0.47
-120.43%
2.28
+1343.67%
0.16
Interest Expense
3.39
+32.32%
2.56
+639.19%
0.35
+116.88%
0.16
Interest Income Non Operating
0.13
-94.00%
2.10
-20.13%
2.63
+726.42%
0.32
Interest Income
0.13
-94.00%
2.10
-20.13%
2.63
+726.42%
0.32
Other Income Expense
0.41
-39.85%
0.68
-97.47%
26.70
+3161.70%
-0.87
Tax Provision
6.12
+26.97%
4.82
-50.01%
9.64
+153.60%
3.80
Tax Rate For Calcs
0.00
-28.58%
0.00
+21.11%
0.00
+17.12%
0.00
Tax Effect Of Unusual Items
0.10
-57.04%
0.22
-96.94%
7.22
+3685.85%
-0.20
Net Income Including Noncontrolling Interests
20.00
+102.18%
9.89
-61.95%
26.00
+105.77%
12.63
Net Income From Continuing Operation Net Minority Interest
20.00
+102.18%
9.89
-61.95%
26.00
+105.77%
12.63
Net Income From Continuing And Discontinued Operation
20.00
+102.18%
9.89
-61.95%
26.00
+105.77%
12.63
Net Income Continuous Operations
20.00
+102.18%
9.89
-61.95%
26.00
+105.77%
12.63
Normalized Income
19.69
+108.61%
9.44
+44.70%
6.52
-50.98%
13.30
Net Income Common Stockholders
20.00
+102.18%
9.89
-61.95%
26.00
+182.24%
9.21
Otherunder Preferred Stock Dividend
—
0.00
0.00
-100.00%
2.31
Diluted EPS
0.64
+100.00%
0.32
-62.35%
0.85
+136.11%
0.36
Basic EPS
0.65
+103.13%
0.32
-62.79%
0.86
+138.89%
0.36
Basic Average Shares
30.94
+1.18%
30.58
+1.58%
30.11
+16.33%
25.88
Diluted Average Shares
31.26
+1.19%
30.89
+1.15%
30.54
+18.01%
25.88
Diluted NI Availto Com Stockholders
20.00
+102.18%
9.89
-61.95%
26.00
+182.24%
9.21
Gain On Sale Of PPE
0.41
+119.16%
-2.12
-106.85%
30.92
+17367.80%
0.18
Other Taxes
0.93
0.00
0.00
—
Preferred Stock Dividends
—
—
—
1.11
Line Item Trend 2021-12-31
Total Assets
—
Current Assets
—
Cash Cash Equivalents And Short Term Investments
—
Cash And Cash Equivalents
—
Other Short Term Investments
0.00
Receivables
—
Accounts Receivable
—
Gross Accounts Receivable
—
Allowance For Doubtful Accounts Receivable
—
Other Receivables
—
Taxes Receivable
—
Inventory
—
Prepaid Assets
4.88
Restricted Cash
0.00
Assets Held For Sale Current
—
Other Current Assets
—
Total Non Current Assets
—
Net PPE
—
Gross PPE
—
Accumulated Depreciation
—
Properties
—
Land And Improvements
—
Buildings And Improvements
—
Machinery Furniture Equipment
—
Construction In Progress
—
Other Properties
—
Goodwill And Other Intangible Assets
—
Goodwill
—
Non Current Accounts Receivable
—
Non Current Deferred Assets
—
Non Current Deferred Taxes Assets
—
Other Non Current Assets
—
Total Liabilities Net Minority Interest
—
Current Liabilities
—
Payables And Accrued Expenses
—
Payables
—
Accounts Payable
—
Current Accrued Expenses
—
Employee Benefits
1.61
Pensionand Other Post Retirement Benefit Plans Current
—
Total Tax Payable
—
Income Tax Payable
—
Current Debt And Capital Lease Obligation
—
Current Capital Lease Obligation
—
Current Deferred Liabilities
—
Current Deferred Revenue
—
Other Current Liabilities
0.01
Total Non Current Liabilities Net Minority Interest
—
Long Term Debt And Capital Lease Obligation
—
Long Term Capital Lease Obligation
—
Defined Pension Benefit
—
Non Current Pension And Other Postretirement Benefit Plans
1.61
Other Non Current Liabilities
—
Stockholders Equity
—
Common Stock Equity
—
Capital Stock
—
Common Stock
—
Preferred Stock
11.98
Share Issued
—
Ordinary Shares Number
—
Treasury Shares Number
5.91
Additional Paid In Capital
—
Retained Earnings
—
Gains Losses Not Affecting Retained Earnings
—
Treasury Stock
82.86
Other Equity Adjustments
-1.24
Total Equity Gross Minority Interest
—
Total Capitalization
—
Working Capital
—
Invested Capital
—
Total Debt
—
Capital Lease Obligations
—
Net Tangible Assets
—
Tangible Book Value
—
Preferred Stock Equity
11.98
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
59.31
+102.39%
29.31
+14.66%
25.56
+2797.73%
0.88
Cash Flow From Continuing Operating Activities
59.31
+102.39%
29.31
+14.66%
25.56
+2797.73%
0.88
Net Income From Continuing Operations
20.00
+102.18%
9.89
-61.95%
26.00
+105.77%
12.63
Depreciation Amortization Depletion
19.16
+69.06%
11.33
+71.83%
6.60
+3.68%
6.36
Depreciation And Amortization
19.16
+69.06%
11.33
+71.83%
6.60
+3.68%
6.36
Other Non Cash Items
1.81
+3.25%
1.75
+902.86%
0.17
—
Stock Based Compensation
5.49
+18.56%
4.63
-21.46%
5.89
+89.46%
3.11
Provisionand Write Offof Assets
58.09
+2.66%
56.58
+35.88%
41.64
+19.25%
34.91
Asset Impairment Charge
—
0.00
-100.00%
4.22
+302.29%
1.05
Deferred Tax
2.62
+216.99%
-2.24
-237.38%
1.63
+26.12%
1.29
Deferred Income Tax
2.62
+216.99%
-2.24
-237.38%
1.63
+26.12%
1.29
Operating Gains Losses
-0.72
-138.93%
1.84
+105.91%
-31.16
-5225.98%
-0.58
Gain Loss On Sale Of PPE
-0.31
-12.27%
-0.28
-15.90%
-0.24
+41.42%
-0.41
Change In Working Capital
-47.14
+13.48%
-54.48
-85.08%
-29.44
+49.16%
-57.90
Change In Receivables
-55.25
+16.27%
-65.98
-44.21%
-45.76
+5.92%
-48.64
Changes In Account Receivables
-53.65
+18.69%
-65.98
-44.21%
-45.76
+5.92%
-48.64
Change In Inventory
-0.93
-407.07%
-0.18
+44.24%
-0.33
-420.39%
0.10
Change In Prepaid Assets
-10.38
-1411.06%
-0.69
-176.33%
0.90
+8281.82%
-0.01
Change In Payables And Accrued Expense
-3.92
-148.06%
8.16
-24.78%
10.84
+235.35%
-8.01
Change In Accrued Expense
6.44
+486.56%
-1.67
-133.16%
5.03
+171.65%
-7.02
Change In Payable
-10.36
-205.51%
9.82
+68.90%
5.82
+684.52%
-0.99
Change In Account Payable
-9.29
-180.22%
11.58
+129.87%
5.04
+347.86%
-2.03
Change In Other Working Capital
13.53
+258.83%
3.77
+36.99%
2.75
+319.98%
-1.25
Change In Other Current Assets
7.17
+6417.27%
0.11
-89.43%
1.04
+131.33%
0.45
Change In Other Current Liabilities
2.65
+683.73%
0.34
-69.69%
1.11
+306.10%
-0.54
Investing Cash Flow
-86.20
-83.52%
-46.97
-737.41%
7.37
+134.51%
-21.35
Cash Flow From Continuing Investing Activities
-86.20
-83.52%
-46.97
-737.41%
7.37
+134.51%
-21.35
Net PPE Purchase And Sale
0.43
-95.61%
9.89
-70.29%
33.31
+1293.72%
2.39
Sale Of PPE
0.43
-95.61%
9.89
-70.29%
33.31
+1293.72%
2.39
Capital Expenditure
-86.63
-52.35%
-56.87
-39.72%
-40.70
-352.92%
-8.99
Capital Expenditure Reported
-86.63
-52.35%
-56.87
-39.72%
-40.70
-352.92%
-8.99
Net Investment Purchase And Sale
—
0.00
-100.00%
14.76
+200.00%
-14.76
Purchase Of Investment
—
0.00
+100.00%
-24.34
-64.95%
-14.76
Sale Of Investment
—
0.00
-100.00%
39.10
0.00
Financing Cash Flow
-3.87
-16.06%
-3.33
-13.11%
-2.94
+76.53%
-12.55
Cash Flow From Continuing Financing Activities
-3.87
-16.06%
-3.33
-13.11%
-2.94
+76.53%
-12.55
Net Issuance Payments Of Debt
0.04
-91.31%
0.49
0.00
0.00
Issuance Of Debt
45.40
+5857.87%
0.76
0.00
0.00
Repayment Of Debt
-45.36
-16887.27%
-0.27
0.00
0.00
Long Term Debt Issuance
45.40
+5857.87%
0.76
0.00
0.00
Long Term Debt Payments
-45.36
-16887.27%
-0.27
0.00
0.00
Net Long Term Debt Issuance
0.04
-91.31%
0.49
0.00
0.00
Net Common Stock Issuance
—
0.00
+100.00%
-0.89
+90.57%
-9.45
Common Stock Payments
—
0.00
+100.00%
-0.89
+90.57%
-9.45
Cash Dividends Paid
—
0.00
0.00
+100.00%
-1.11
Repurchase Of Capital Stock
—
0.00
+100.00%
-0.89
+90.57%
-9.45
Proceeds From Stock Option Exercised
-3.79
-12.40%
-3.37
-64.07%
-2.05
-3.11%
-1.99
Net Other Financing Charges
-0.12
+73.46%
-0.46
—
—
Changes In Cash
-30.75
-46.48%
-21.00
-170.03%
29.98
+190.80%
-33.02
Beginning Cash Position
59.27
-26.16%
80.27
+59.62%
50.29
-39.64%
83.31
End Cash Position
28.52
-51.89%
59.27
-26.16%
80.27
+59.62%
50.29
Free Cash Flow
-27.32
+0.86%
-27.56
-82.02%
-15.14
-86.83%
-8.10
Interest Paid Supplemental Data
3.19
+35.51%
2.35
+2040.00%
0.11
-35.67%
0.17
Income Tax Paid Supplemental Data
6.17
-30.18%
8.84
+22.71%
7.20
+389.53%
1.47
Change In Income Tax Payable
-1.07
+39.09%
-1.76
-326.51%
0.78
-25.14%
1.04
Change In Tax Payable
-1.07
+39.09%
-1.76
-326.51%
0.78
-25.14%
1.04
Preferred Stock Dividend Paid
—
0.00
0.00
+100.00%
-1.11
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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