Lindblad Expeditions Holdings, Inc.

LINDNASDAQConsumer Cyclical● Active

$21.68

+$0.02(+0.08%)

Market Cap$1.2B

P/E Ratio—

52W High$23.78

52W Low$10.46

Avg Volume751K

Open$21.76

Beta2.27

Free Cash Flow Financials Revenue

Lindblad Expeditions Holdings, Inc. (LIND) Free Cash Flow & Analysis

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

LIND · free cash flow · updated Jun 8, 2026

Core FCF metrics

LIND · FCF · TTM · margin & CAGR

Free cash flow was $65.5M for FY2025 (fiscal year ending 2025-12-31), up 11.3% year-over-year The FCF margin was 8.5%.

FY2025 Free Cash Flow$65.5M▲ +11.3% YoY

Trailing 12M (TTM)$83.1Mtrailing 4 quarters sum

FCF Margin8.5%$65.5M ÷ 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

LIND · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$113.2M(48M)$65.5M▲ +11.3%8.5%

FY2024$92.4M(34M)$58.8M▲ +1401.1%9.1%

FY2023$25.4M(30M)−$4.5M▲ +88.8%-0.8%

FY2022−$2.2M(38M)−$40.4M▲ +37.1%-9.6%

FY2021$32.5M(97M)−$64.2M▲ +74.1%-43.6%

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

FCF valuation metrics

LIND · P/FCF · FCF yield · FCF per share

Lindblad Expeditions Holdings, Inc. (LIND) trades at a FCF yield of 6.88% and a price-to-free-cash-flow ratio of 14.4x. FCF per share stands at $1.51, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

6.88%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.51

TTM FCF ÷ Shares Outstanding

Price / FCF

x14.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x18.7

Enterprise Value basis

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

Cash flow statement summary

LIND · cash flow statement · operating / investing / financing

For FY2025, Lindblad Expeditions Holdings, Inc. generated $113.2M in operating cash flow and spent 48M in capital expenditures, yielding $65.5M in free cash flow.

Operating Activities

+$113.2M

Cash from core business operations

2025-12-31

Investing Activities

−$67.3M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

+$27.9M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($113.2M) − |CapEx| (48M) = FCF ($65.5M)

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

View Full Cash Flow Statement →

Free cash flow vs peers (Consumer Cyclical)

LIND vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Lindblad Expeditions Holdings, Inc.YOU

LIND

$65.5M+11.3%8.5%

Toyota Motor Corporation

Alibaba Group Holding Limited

BABA

−$50.72B-164.9%-5.0%

Loss

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

About Free Cash Flow & Methodology

Lindblad Expeditions Holdings, Inc. (LIND) reported free cash flow of $65.5M for FY2025 (fiscal year ending 2025-12-31), up 11.3% year-over-year. The FCF margin was 8.5%.

Based on available data, Lindblad Expeditions Holdings, Inc. has maintained positive free cash flow for at least 4 fiscal year(s). FCF peaked at $65.5M in FY2025.

Lindblad Expeditions Holdings, Inc.'s FCF yield is 6.88% and price-to-FCF ratio is 14.4x for FY2025, based on the latest available data.

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

LIND free cash flow · 8 questions

Lindblad Expeditions Holdings, Inc. free cash flow was $65.5M for FY2025, up 11.3% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $83.1M.

LIND free cash flowLIND FCFLIND FCF 2025LIND free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Lindblad Expeditions Holdings, Inc. · Lindblad Expeditions Holdings, Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026