LINCLINCOLN EDUCATIONAL SERVICES CORP
Services-Educational Services
- Revenue
- $518M
- 18% YoY
- Operating margin
- 5.8%
- 70% YoY
- EBITDA
- $49M
- 87% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -0.9×
- −$43M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear297% of net incomeCash flow under 80% of net income
- Dilutive SBCClear1% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear2% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $335M | $348M | $378M | $440M | $518M | 18% |
| Operating income | $49M | $16M | $33M | $15M | $30M | 100% |
| Net income | $35M | $13M | $26M | $10M | $20M | 102% |
| Operating cash flow | $27M | $882K | $26M | $29M | $59M | 102% |
| Capex | $8M | $9M | $41M | $57M | $87M | 52% |
| Stock-based comp | $3M | $3M | $6M | $5M | $5M | 19% |
| Buybacks | $0 | $9M | $891K | $0 | — |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $308K · 1
- Net
- −$308K
Pay vs performance
No pay-versus-performance disclosure yet.