Lincoln Educational Services Corporation

LINCNASDAQConsumer Defensive● Active

$46.45

$-1.54(-3.21%)

Market Cap$1.5B

P/E Ratio—

52W High$53.5

52W Low$17.29

Avg Volume500K

Open$48.00

Beta0.80

Free Cash Flow Financials Revenue

Lincoln Educational Services Corporation (LINC) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

LINC · free cash flow · updated Jun 8, 2026

Core FCF metrics

LINC · FCF · TTM · margin & CAGR

Free cash flow was −$27.4M for FY2025 (fiscal year ending 2025-12-31), up 0.4% year-over-year The FCF margin was -5.3%.

FY2025 Free Cash Flow−$27.4M▲ +0.4% YoY

Trailing 12M (TTM)−$9.1Mtrailing 4 quarters sum

FCF Margin-5.3%−$27.4M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

LINC · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$59.2M(87M)−$27.4M▲ +0.4%-5.3%

FY2024$29.3M(57M)−$27.6M▼ 82.0%-6.3%

FY2023$25.6M(41M)−$15.1M▼ 86.8%-4.0%

FY2022$882,000(9M)−$8.1M▼ 140.7%-2.3%

FY2021$27.4M(8M)$19.9M▲ +11.2%5.9%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

LINC · P/FCF · FCF yield · FCF per share

Lincoln Educational Services Corporation (LINC) reported negative free cash flow of −$0.03B. FCF-based valuation ratios are not meaningful when FCF is negative.

FCF Yield (TTM)

N/A

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

N/A

TTM FCF ÷ Shares Outstanding

Price / FCF

N/A

Share Price ÷ FCF per Share

EV / FCF (TTM)

N/A

Enterprise Value basis

FCF-based valuation ratios are only meaningful when free cash flow is positive. Negative FCF indicates capital expenditures exceeded operating cash flow.

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

LINC · cash flow statement · operating / investing / financing

For FY2025, Lincoln Educational Services Corporation generated $59.2M in operating cash flow and spent 87M in capital expenditures, yielding −$27.4M in free cash flow.

Operating Activities

+$59.2M

Cash from core business operations

2025-12-31

Investing Activities

−$86.2M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$3.7M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($59.2M) − |CapEx| (87M) = FCF (−$27.4M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Defensive)

LINC vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Lincoln Educational Services CorporationYOU

LINC

−$27.4M+0.4%-5.3%

Loss

The Procter & Gamble Company

$14.04B-15.0%16.7%

94%

Philip Morris International Inc.

$10.66B-1.0%26.2%

71%

Costco Wholesale Corporation

COST

$7.84B+18.2%2.8%

53%

The Coca-Cola Company

$5.30B+11.7%11.0%

35%

Consumer Defensive · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Lincoln Educational Services Corporation (LINC) reported free cash flow of −$27.4M for FY2025 (fiscal year ending 2025-12-31), up 0.4% year-over-year. The FCF margin was -5.3%.

Based on available data, Lincoln Educational Services Corporation has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $19.9M in FY2021.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

LINC free cash flow · 8 questions

Lincoln Educational Services Corporation free cash flow was −$27.4M for FY2025, up 0.4% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at −$9.1M.

LINC free cash flowLINC FCFLINC FCF 2025LINC free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Lincoln Educational Services Corporation · Lincoln Educational Services Corporation SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026