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Lincoln National Corporation

Data quality: 100%
LNC
NYSE Financial Services Insurance - Life
$35.93
▲ $0.81 (2.31%)
Mkt Cap: 6.83B
Day Range
$35.34 $36.10
52-Week Range
$27.58 $46.82
Volume
2,011,331
50D / 200D Avg
$38.32 / $39.19
Prev Close
$35.12

Quick Summary

Price History

Financial Trends

Peer Comparison

vs Financial Services sector median (854 peers)

Metric Stock Sector Median
P/E 5.8 10.3
P/B 0.6 1.1
ROE % 12.3 11.7
Net Margin % 6.5 16.9
Rev Growth 5Y % 0.9 11.6
D/E 0.6 0.5

Analyst Price Target

Hold
$44.25 +23.2%
Low: $41.00 High: $48.00
Forward P/E
4.47
Forward EPS
$8.03
EPS Growth (est.)
+0.0%
Est. Revenue
20.01B

Earnings Estimates

Period EPS Est. Revenue Est. Analysts
FY2029 $10.10
$9.80 – $10.37
 22.75B 1
FY2028 $9.44
$8.24 – $10.29
 21.63B 3
FY2027 $8.67
$8.49 – $8.90
 20.72B 9

Dividend History

7 yr streak

Yield

0.05%

Payout Ratio

0.35%

Growth (3Y)

0.00%

Growth (5Y)

2.38%

Ex-Date Payment Date Amount Yield
Apr 10, 2026 May 01, 2026 $0.45 5.01%
Jan 12, 2026 Feb 02, 2026 $0.45 4.30%
Oct 10, 2025 Nov 03, 2025 $0.45 4.73%
Jul 10, 2025 Aug 01, 2025 $0.45 5.26%
Apr 10, 2025 May 01, 2025 $0.45 6.04%
Jan 10, 2025 Feb 03, 2025 $0.45 5.99%
Oct 10, 2024 Nov 01, 2024 $0.45 5.73%
Jul 10, 2024 Aug 01, 2024 $0.45 5.72%
Apr 09, 2024 May 01, 2024 $0.45 6.03%
Jan 09, 2024 Feb 01, 2024 $0.45 6.51%
Oct 06, 2023 Nov 01, 2023 $0.45 7.79%
Jul 07, 2023 Aug 01, 2023 $0.45 6.90%
Apr 06, 2023 May 01, 2023 $0.45 8.78%
Jan 09, 2023 Feb 01, 2023 $0.45 5.87%
Oct 06, 2022 Nov 01, 2022 $0.45 3.76%
Jul 08, 2022 Aug 01, 2022 $0.45 3.74%
Apr 08, 2022 May 02, 2022 $0.45 2.71%
Jan 07, 2022 Feb 01, 2022 $0.45 2.34%
Oct 07, 2021 Nov 01, 2021 $0.42 2.33%
Jul 09, 2021 Aug 02, 2021 $0.42 2.68%

Key Takeaways

Revenue grew 0.85% annually over 5 years — modest growth
Earnings declined -64.06% over the past year
ROE of 12.28% — decent returns on equity
Negative free cash flow of -167.00M
P/E of 5.80 — trading at a low valuation
Capital efficient — spends only 0.00% of revenue on capex

Growth

Revenue Growth (5Y)
0.85%
Revenue (1Y)1.24%
Earnings (1Y)-64.06%
FCF Growth (3Y)N/A

Quality

Return on Equity
12.28%
ROIC5.84%
Net Margin6.46%
Op. Margin7.35%

Safety

Debt / Equity
0.57
Current RatioN/A
Interest Coverage5.89

Valuation

P/E Ratio
5.80
Forward P/E4.47
P/B Ratio0.63
EV/EBITDA2.69
Dividend Yield0.05%

All Fundamental Metrics

Growth
Revenue Growth (1Y) 1.24% Revenue Growth (3Y) 24.70%
Earnings Growth (1Y) -64.06% Earnings Growth (3Y) N/A
Revenue Growth (5Y) 0.85% Earnings Growth (5Y) -25.29%
Profitability
Revenue (TTM) 18.21B Net Income (TTM) 1.18B
ROE 12.28% ROA 0.28%
Gross Margin 57.34% Operating Margin 7.35%
Net Margin 6.46% Free Cash Flow (TTM) -167.00M
ROIC 5.84% FCF Growth (3Y) N/A
Safety
Debt / Equity 0.57 Current Ratio N/A
Interest Coverage 5.89
Dividends
Dividend Yield 0.05% Payout Ratio 0.35%
Dividend Growth (3Y) 0.00% Dividend Growth (5Y) 2.38%
Consecutive Div Years 7 yrs
Valuation
P/E Ratio 5.80 Forward P/E 4.47
P/B Ratio 0.63 P/S Ratio 0.38
PEG Ratio -0.10 Forward PEG N/A
EV/EBITDA 2.69 Fwd EV/EBITDA 1.36
Forward P/S 0.34 Fwd Earnings Yield 22.37%
FCF Yield -2.45%
Market Cap 6.83B Enterprise Value 3.59B

Income Statement

Annual, most recent first

Income statement data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Revenue 18.21B 17.99B 11.71B 18.93B 17.61B
Net Income 1.18B 3.28B -752.00M 1.36B 3.78B
EPS (Diluted) 5.84 18.41 -4.92 7.78 7.43
Gross Profit 10.44B 4.60B 50.00M 2.43B 3.90B
Operating Income 1.34B 4.02B -1.15B 1.73B 4.64B

Balance Sheet

Annual, most recent first

Balance sheet data, annual, most recent first
Metric FY2025 FY2024 FY2023 FY2022 FY2021
Total Assets 417.20B 390.83B 372.41B 334.22B 387.30B
Total Liabilities 406.30B 382.56B 365.52B 329.12B 367.03B
Shareholders' Equity 10.91B 8.27B 6.89B 5.10B 20.27B
Total Debt 6.27B 6.36B 6.12B 6.63B 6.63B
Cash & Equivalents 9.50B 5.80B 3.37B 3.34B 2.61B
Current Assets 9.50B 55.47B 0.0 122.96B 142.23B
Current Liabilities 0.0 17.21B 0.0 750.00M 300.00M