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What this page is: Delvantic's full research page for Lincoln Educational Services Corporation (LINC) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
every model, score, lens read, and prediction on this page is Delvantic's own analysis.
Consumer Defensive · Education & Training Services
Parsippany, NJ 07054, United States
lincolntech.edu
Price
$32.40
Market Cap
$1.3B
Employees
2,190
Beta
0.85
Avg Volume
646,963
Last Dividend
$0.18
CEO
Mr. Scott M. Shaw
Lincoln Educational Services Corporation provides career-oriented post-secondary education and specialized technical training to recent high school graduates and working adults. The company operates a network of campuses focused on delivering hands-on programs in high-demand fields such as skilled trades, automotive technology, health sciences, and information technology. Its primary segments include Campus Operations, which drive core performance through ongoing educational services, and Transitional, managing campuses designated for closure during teach-out phases, alongside unallocated corporate activities. Lincoln Educational Services Corporation emphasizes practical skills development to meet workforce needs in these sectors, supporting student enrollment through targeted programs and campus facilities. Founded in 1946 and headquartered in Parsippany, New Jersey, it plays a key role in the for-profit education market by addressing skilled labor shortages with accessible vocational training options.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 10 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was Jun 3, 2026.
EPS surprise history — vs analyst consensus · 4 prints of vendor history
+5.4%
Feb '26
+5.1%
Apr '26
+250.0%
May '26
+4.6%
Jun '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| Jun 3, 2026 | $0.87 | $0.91 +4.6% | — | — |
| May 11, 2026 | $0.04 | $0.14 +250.0% | — | — |
| Apr 18, 2026 | $0.39 | $0.41 +5.1% | — | — |
| Feb 19, 2026 | $0.74 | $0.78 +5.4% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 10, 2026 | 8-K | View |
| Aug 10, 2026 | 10-Q | View |
| Jul 29, 2026 | SCHEDULE 13G/A | View |
| Jul 10, 2026 | 8-K | View |
| Jun 15, 2026 | SCHEDULE 13D/A | View |
| Jun 15, 2026 | 4 | View |
| Jun 15, 2026 | 144 | View |
| Jun 15, 2026 | 4 | View |
| Jun 10, 2026 | 4 | View |
| Jun 10, 2026 | 144 | View |
| Jun 9, 2026 | 4 | View |
| Jun 5, 2026 | 144 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 11, 2026 10:11am (just now)
Current data · timestamped when a report runs
$31.07
Change · Aug 11
+0.30 (+0.97%)
Day Range
$29.69 – $31.59
52-Week Range
$17.29 – $56.34
50-Day MA
$46.22
200-Day MA
$35.34
Volume
7,502.00
Share Structure
Outstanding
31,697,253.00
Float
27,794,971.00
Free Float
87.7%
High free float
— 87.7% of shares trade freely, ~12.3% held by insiders/institutions
Very liquid — most shares trade freely. Low insider ownership can mean less management alignment, but makes large position sizing straightforward.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
50.63
Stock Price: $32.40
EPS (Diluted): 0.64
EPS (Diluted): 0.64
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
0.01
Stock Price: $32.40
Total Equity: $199.69M
Shares: 31,260
Total Equity: $199.69M
Shares: 31,260
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
19.81
Market Cap: $1.30B
Total Debt: $0.00
Cash: $28.52M
EBITDA: $49.47M
Total Debt: $0.00
Cash: $28.52M
EBITDA: $49.47M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$980.1M
Market Cap: $1.30B
Total Debt: $0.00
Cash: $28.52M
Total Debt: $0.00
Cash: $28.52M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
60.4%
Gross Profit: $312.85M
Revenue: $518.24M
Revenue: $518.24M
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
5.8%
Operating Income: $30.31M
Revenue: $518.24M
Revenue: $518.24M
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
3.9%
Net Income: $20.00M
Revenue: $518.24M
Revenue: $518.24M
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
10.0%
Net Income: $20.00M
Total Equity: $199.69M
Total Equity: $199.69M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
13.6%
Operating Income: $30.31M
Tax Rate: 23.4%
Equity: $199.69M
Total Debt: $0.00
Cash: $28.52M
Tax Rate: 23.4%
Equity: $199.69M
Total Debt: $0.00
Cash: $28.52M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
0.86
Current Assets: $87.03M
Current Liabilities: $100.71M
Current Liabilities: $100.71M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $199.69M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $199.69M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$16,578.41
Revenue: $518.24M
Shares: 31,260
Shares: 31,260
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$6,387.97
Total Equity: $199.69M
Shares: 31,260
Shares: 31,260
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$-874.02
Operating CF: $59.31M
CapEx: -$86.63M
Shares: 31,260
CapEx: -$86.63M
Shares: 31,260
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
0.6%
Last Dividend: $0.18
Stock Price: $32.40
Stock Price: $32.40
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: $20.00M
Net Income: $20.00M
Dividends paid not available in cash flow statement
Income Statement (Annual)
Last updated: Aug 6, 2026 5:54am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $335.3M | $348.3M | $378.1M | $440.1M | $518.2M |
| Cost of Revenue | $138.9M | $148.7M | $162.3M | $181.8M | $205.4M |
| Gross Profit | $196.4M | $199.5M | $215.8M | $258.3M | $312.9M |
| Operating Expenses | $147.1M | $183.3M | $182.4M | $243.1M | $282.5M |
| Operating Income | $49.3M | $16.3M | $33.4M | $15.2M | $30.3M |
| Net Income | $34.7M | $12.6M | $26.0M | $9.9M | $20.0M |
| EBITDA | $56.4M | $22.6M | $40.0M | $26.5M | $49.5M |
| EPS | $1.04 | $0.36 | $0.86 | $0.32 | $0.65 |
| EPS (Diluted) | $1.04 | $0.36 | $0.85 | $0.32 | $0.64 |
Balance Sheet (Annual)
Last updated: Aug 6, 2026 5:54am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $83.3M | $46.1M | $76.0M | $59.3M | $28.5M |
| Total Current Assets | $121.6M | $114.1M | $134.7M | $111.3M | $87.0M |
| Total Assets | $295.3M | $291.6M | $345.2M | $436.6M | $493.2M |
| Current Liabilities | $65.9M | $55.0M | $73.4M | $90.2M | $100.7M |
| Long-Term Debt | $0 | — | — | — | — |
| Total Liabilities | $153.9M | $146.7M | $178.4M | $258.3M | $293.5M |
| Total Equity | $141.4M | $144.9M | $166.8M | $178.3M | $199.7M |
| Retained Earnings | $39.7M | $51.2M | $69.3M | $79.2M | $99.2M |
Cash Flow (Annual)
Last updated: Aug 6, 2026 5:54am (5d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $27.4M | $882,000 | $25.6M | $29.3M | $59.3M |
| Capital Expenditure | -$7.5M | -$9.0M | -$40.7M | -$56.9M | -$86.6M |
| Free Cash Flow | $19.9M | -$8.1M | -$15.1M | -$27.6M | -$27.3M |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | -$17.8M | $0 | — | $0 | $0 |
| Dividends Paid | — | — | — | — | — |
| Stock Buybacks | $0 | -$9.4M | $-891,000 | $0 | — |
| Net Change in Cash | — | — | — | — | — |
Growth Trends (YoY %)
Last updated: Aug 6, 2026 5:54am (5d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +3.9% | +8.6% | +16.4% | +17.8% |
| Gross Profit Growth | +1.6% | +8.1% | +19.7% | +21.1% |
| Operating Income Growth | -67.0% | +104.9% | -54.5% | +99.7% |
| Net Income Growth | -63.6% | +105.8% | -62.0% | +102.2% |
| EBITDA Growth | -59.9% | +76.5% | -33.6% | +86.6% |
Dividend History (Last 20)
Last updated: Aug 6, 2026 5:54am (5d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2014-12-11 | $0.02 | — | — | — |
| 2014-09-10 | $0.02 | — | — | — |
| 2014-06-11 | $0.07 | — | — | — |
| 2014-03-12 | $0.07 | — | — | — |
| 2013-12-11 | $0.07 | — | — | — |
| 2013-09-11 | $0.07 | — | — | — |
| 2013-06-12 | $0.07 | — | — | — |
| 2013-03-13 | $0.07 | — | — | — |
| 2012-12-12 | $0.07 | — | — | — |
| 2012-09-12 | $0.07 | — | — | — |
| 2012-06-13 | $0.07 | — | — | — |
| 2012-03-13 | $0.07 | — | — | — |
| 2011-12-13 | $0.07 | — | — | — |
| 2011-09-13 | $0.25 | — | — | — |
| 2011-06-13 | $0.25 | — | — | — |
| 2011-03-11 | $0.25 | — | — | — |
Industry Benchmarks
Compares LINC against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for LINC — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for LINC — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for LINC — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for LINC — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.525 · a5aac093 · 2026-08-10 20:52:14