LINC

Lincoln Educational Services Corp Consumer Discretionary Services-Educational Services Russell 3000
$20.68Close $654.0MMarket cap $17.80 – $55.6852-week range Nov 9, 2026Next report · before the open

Highlights

Strengths

  • Earnings growing EPS +25% year on year

Cautions

  • Not in an uptrend 1 of 8 trend conditions
  • Lagging the market RS 6 · weaker than 94% of stocks over 12 months
  • Far from its high 63% below its 52-week high
  • Results soon Nov 9, 2026, in 8 days

Price

Filing Results Screen pick 52-week high and low Adjusted prices

Key figures

FY to Dec 31, 2025 · filed Aug 10, 2026
Off 12-month high 63%
1wk down 4.6% price change
1mo down 5.4% price change
12-month return down 1% market up 11% · its own down 12%
F-score 6 / 9 Mixed
Altman Z″ 1.60 Moderate risk
P/E 32.7× price / earnings
PEG 0.33 P/E / EPS growth
P/B 3.3× price / book
Earnings yield up 4.8% EBIT / enterprise value
Cheaper than 43% of the market · around average
Revenue growth up 18% year on year
EPS growth up 25% latest quarter · -98 pts
Sales growth up 22% latest quarter · -0 pts
ROE up 11% return on equity
Free cash margin down 5% -$27.3M FCF
D/E 0.00 long-term debt / equity
Net debt / EBITDA -0.6× net cash
Interest cover 8.9×EBIT / interest
Piotroski tests
  • short-term liquidity weakened
  • issued more shares
  • assets working less efficiently
  • profitable on its assets
  • generating cash from operations
  • profitability improving
  • profits backed by cash
  • reduced long-term debt
  • gross margin widened

Repair signals

  • Gross margin 58.7% → 60.4%

Trade setup

ATR% 5.1% $1.05 a day · 2×ATR $18.58
RS 6 / 99 vs the universe
Trend 1 / 8 trend template
Relative volume 0.9× vs 50-day average
Up/down volume 0.81 50 sessions
Implied move — no option chain · report Nov 9, 2026
Trend template · 1 of 8
  • 150-day average above the 200-day: passes

Screen verdict

Did not qualify for any screen.

Warning signs

none flagged
  • No restatement or impairment
  • Equity positive
  • Interest covered
  • No material dilution
  • Profits tracking cash
  • Margins and revenue not shrinking
Last reported Aug 10, 2026
Last shock Aug 10, 2026-25% in one session6.7× volumeon results-33% since

Financials

6 fiscal years · from filings
Revenue What customers paid the company over its fiscal year, before any cost, as filed in its annual report. The change is against the year before. Methodology $518.2M +18% on FY2024
$0 $1B FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $293.1M FY2021 · $335.3M FY2022 · $348.3M FY2023 · $378.1M FY2024 · $440.1M FY2025 · $518.2M
Net income Profit left after every cost, interest and tax for the year. A column below the line is a loss. Methodology $20.0M +102% on FY2024
$0 $50M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $48.6M FY2021 · $34.7M FY2022 · $12.6M FY2023 · $26.0M FY2024 · $9.9M FY2025 · $20.0M
Free cash flow Cash from running the business less what it spent on equipment and buildings: the cash a year actually left behind, which profit alone does not show. Not shown for banks and insurers, whose cash moves with their loans. Methodology -$27.3M
-$50M $0 $20M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · $17.9M FY2021 · $19.9M FY2022 · -$8.1M FY2023 · -$15.1M FY2024 · -$27.6M FY2025 · -$27.3M
Margins Each as a share of revenue. Gross: left after the direct cost of what was sold. Net: left after every cost. Free cash: free cash flow over revenue. A margin rising over years means the business keeps more of each dollar it sells. Methodology
  • Gross 60%
  • Net 4%
  • Free cash -5%
0% 100% FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Gross 58% · Net 17% · Free cash 6% FY2021 · Gross 59% · Net 10% · Free cash 6% FY2022 · Gross 57% · Net 4% · Free cash -2% FY2023 · Gross 57% · Net 7% · Free cash -4% FY2024 · Gross 59% · Net 2% · Free cash -6% FY2025 · Gross 60% · Net 4% · Free cash -5%
Cash and long-term debt Cash on the balance sheet at the year's end beside debt due after a year. Net cash is cash less that debt; net debt is the shortfall. Debt some filers do not tag shows as a gap, not as zero. Methodology $28.5M net cash
  • Cash
  • Long-term debt
$0 $100M FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · Cash $38.0M · Long-term debt $15.2M FY2021 · Cash $83.3M · Long-term debt $0 FY2022 · Cash $46.1M FY2023 · Cash $76.0M FY2024 · Cash $59.3M · Long-term debt $0 FY2025 · Cash $28.5M · Long-term debt $0
Shares outstanding Shares in issue at the year's end. A rising count means each share owns a smaller slice of the company (stock pay, share sales); a falling one, buybacks. The chart's scale is fitted to the count, so a small change looks large: read the percentage. Methodology 31.62m +19.4% since FY2020
31.62m 26.48m FY20 FY21 FY22 FY23 FY24 FY25 FY2020 · 26.48m FY2021 · 27m FY2022 · 31.15m FY2023 · 31.36m FY2024 · 31.46m FY2025 · 31.62m
  FY2020Dec 31, 2020 FY2021Dec 31, 2021 FY2022Dec 31, 2022 FY2023Dec 31, 2023 FY2024Dec 31, 2024 FY2025Dec 31, 2025
Revenue $293.1M $335.3M $348.3M $378.1M $440.1M $518.2M
Gross margin 58% 59% 57% 57% 59% 60%
Operating income $14.8M $49.3M $16.3M $33.4M $15.2M $30.3M
Net income $48.6M $34.7M $12.6M $26.0M $9.9M $20.0M
Net margin 17% 10% 4% 7% 2% 4%
Earnings per share $1.96 $1.38 $0.49 $851.22 $320.19 $639.73
Free cash flow $17.9M $19.9M -$8.1M -$15.1M -$27.6M -$27.3M
Free cash margin 6% 6% -2% -4% -6% -5%
Cash $38.0M $83.3M $46.1M $76.0M $59.3M $28.5M
Long-term debt $15.2M $0 — — $0 $0
Shareholders' equity $91.1M $129.4M $144.9M $166.8M $178.3M $199.7M
Shares outstanding 26.48m 27m 31.15m 31.36m 31.46m 31.62m

Filings

SEC EDGAR
FiledReportPeriod to Lag
Aug 10, 2026 Quarterly ↗ Jun 30, 2026 41d
May 11, 2026 Quarterly ↗ Mar 31, 2026 41d
Mar 2, 2026 Annual ↗ Dec 31, 2025 61d
Nov 10, 2025 Quarterly ↗ Sep 30, 2025 41d
Aug 11, 2025 Quarterly ↗ Jun 30, 2025 42d
May 12, 2025 Quarterly ↗ Mar 31, 2025 42d
Mar 4, 2025 Annual ↗ Dec 31, 2024 63d
Nov 12, 2024 Quarterly ↗ Sep 30, 2024 43d
Aug 8, 2024 Quarterly ↗ Jun 30, 2024 39d
May 6, 2024 Quarterly ↗ Mar 31, 2024 36d
Mar 5, 2024 Annual ↗ Dec 31, 2023 65d
Nov 6, 2023 Quarterly ↗ Sep 30, 2023 37d

Current reports