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Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented postsecondary education services to high school graduates and working adults in the United States. It operates in two segments, Campus Operations and Transitional. The company offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; and health science and information technology programs. It operates schools under the Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College brands. Lincoln Educational Services Corporation was founded in 1946 and is headquartered in Parsippany, New Jersey.
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| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 26.12M | 14.71M | 35.64M | 16.44M | 47.25M |
| Net income | 20.00M | 9.89M | 26.00M | 12.63M | 34.72M |
| Selling general administrative | 282.95M | 200.50M | 170.94M | 182.39M | 168.92M |
| Selling and marketing expenses | - | 43.30M | 38.20M | - | - |
| Gross profit | 312.85M | 258.31M | 215.79M | 199.54M | 196.41M |
| Reconciled depreciation | 19.16M | 11.33M | 6.40M | 6.36M | 7.14M |
| Ebit | 29.51M | 17.28M | 35.99M | 11.11M | 20.34M |
| Ebitda | 50.34M | 28.61M | 42.76M | 17.47M | 27.48M |
| Depreciation and amortization | 20.83M | 11.33M | 6.77M | 6.36M | 7.14M |
| Non operating income net other | - | - | - | 0.32M | - |
| Operating income | 29.91M | 15.18M | 33.36M | 11.11M | 20.34M |
| Other operating expenses | 488.33M | 424.89M | 344.71M | 331.14M | 307.85M |
| Interest expense | 3.39M | 2.56M | 0.35M | 0.16M | 2.02M |
| Tax provision | 6.12M | 4.82M | 10.05M | 3.80M | 12.53M |
| Interest income | 0.13M | 2.10M | 2.21M | 0.32M | - |
| Net interest income | -3.27M | -0.47M | 2.09M | 0.16M | -2.02M |
| Non recurring | - | - | - | 1.05M | 0.70M |
| Income tax expense | 6.12M | 4.82M | 9.64M | 3.80M | 12.53M |
| Total revenue | 518.24M | 440.06M | 378.07M | 348.29M | 335.34M |
| Total operating expenses | 282.95M | 243.13M | 182.44M | 182.39M | 168.92M |
| Cost of revenue | 205.39M | 181.76M | 162.28M | 148.75M | 138.93M |
| Total other income expense net | -3.79M | -0.47M | 2.28M | 5.33M | 26.90M |
| Net income from continuing ops | 20.00M | 9.89M | 27.76M | 12.63M | 34.72M |
| Net income applicable to common shares | - | - | - | 11.52M | 33.50M |
| Preferred stock and other adjustments | - | - | - | 1.11M | 1.22M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 493.16M | 436.56M | 345.25M | 291.57M | 295.30M |
| Other current assets | -3.65M | 5.94M | 15.75M | 109.92M | 9.44M |
| Total liab | 293.48M | 258.29M | 178.44M | 146.69M | 165.88M |
| Total stockholder equity | 199.69M | 178.26M | 166.80M | 144.88M | 129.42M |
| Other current liab | 18.43M | 10.29M | 16.55M | 10.74M | 16.70M |
| Common stock | 48.18M | 48.18M | 48.18M | 49.07M | 141.38M |
| Capital stock | 48.18M | 48.18M | 48.18M | 49.07M | 153.36M |
| Retained earnings | 99.17M | 79.17M | 69.28M | 51.23M | 39.70M |
| Other liab | - | - | - | 0.67M | 88.02M |
| Good will | 10.74M | 10.74M | 10.74M | 14.54M | 14.54M |
| Other assets | - | - | - | 53.30M | 0.21M |
| Cash | 28.52M | 59.27M | 80.27M | 46.07M | 83.31M |
| Total current liabilities | 100.71M | 90.21M | 73.41M | 55.02M | 65.88M |
| Current deferred revenue | 44.16M | 30.63M | 26.91M | 24.15M | 25.41M |
| Net debt | 175.34M | 118.29M | 36.52M | 54.56M | 14.58M |
| Short term debt | 11.10M | 9.50M | 11.81M | 9.63M | 11.48M |
| Short long term debt total | 203.86M | 177.56M | 116.79M | 100.63M | 97.89M |
| Other stockholder equity | 52.34M | 50.64M | 49.38M | 45.54M | -62.40M |
| Property plant equipment | - | - | - | 23.94M | 23.12M |
| Total current assets | 87.03M | 111.25M | 134.66M | 114.14M | 121.63M |
| Net tangible assets | - | - | - | 144.88M | 129.42M |
| Short term investments | - | - | 0.00M | 14.76M | - |
| Net receivables | 58.18M | 42.98M | 35.69M | 37.17M | 26.16M |
| Inventory | 3.99M | 3.05M | 2.95M | 2.62M | 2.72M |
| Accounts payable | 27.02M | 37.03M | 18.15M | 10.50M | 12.30M |
| Accumulated other comprehensive income | - | 0.27M | -0.04M | -0.96M | -1.24M |
| Common stock total equity | - | - | - | 49.07M | 141.38M |
| Retained earnings total equity | - | - | - | 51.23M | 39.70M |
| Non currrent assets other | 22.82M | 22.89M | 2.55M | 23.55M | 0.79M |
| Non current assets total | 406.13M | 325.30M | 210.59M | 177.43M | 173.67M |
| Capital lease obligations | 203.86M | 177.56M | 116.79M | 100.63M | 97.89M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | -46.97M | -21.65M | -14.76M | 37.85M |
| Change to liabilities | - | - | - | -3.28M | -1.73M |
| Total cashflows from investing activities | -86.20M | -46.97M | 7.37M | -21.35M | 37.85M |
| Net borrowings | 0.04M | 0.49M | 0.00M | - | -17.83M |
| Total cash from financing activities | -3.75M | -3.33M | -2.94M | -12.55M | -20.01M |
| Change to operating activities | - | - | - | -7.12M | -4.87M |
| Net income | 20.00M | 9.89M | 26.00M | 12.63M | 34.72M |
| Change in cash | -30.75M | -21.00M | 29.98M | -33.02M | 45.28M |
| Begin period cash flow | 59.27M | 80.27M | 50.29M | 83.31M | 38.03M |
| End period cash flow | 28.52M | 59.27M | 80.27M | 50.29M | 83.31M |
| Total cash from operating activities | 59.19M | 29.31M | 25.56M | 0.88M | 27.45M |
| Depreciation | 19.16M | 11.33M | 6.60M | 6.36M | 7.14M |
| Other cashflows from investing activities | 0.43M | 9.89M | 33.31M | 2.39M | 45.38M |
| Dividends paid | - | 0.00M | 0.20M | -1.11M | -1.22M |
| Change to inventory | -0.93M | -0.18M | -0.33M | 0.10M | -0.33M |
| Change to account receivables | -53.65M | -65.98M | -45.76M | -48.64M | -26.50M |
| Sale purchase of stock | - | 0.00M | -0.89M | -9.45M | -0.96M |
| Other cashflows from financing activities | -3.79M | -3.83M | -2.05M | -1.99M | -0.96M |
| Change to netincome | - | - | - | -11.75M | -7.27M |
| Capital expenditures | 86.63M | 56.87M | 40.70M | 8.99M | 7.53M |
| Cash and cash equivalents changes | - | - | - | -33.02M | 45.28M |
| Change in working capital | -47.14M | -54.48M | -29.44M | -57.90M | -32.89M |
| Stock based compensation | 5.49M | 4.63M | 5.89M | 3.11M | 2.89M |
| Other non cash items | 59.06M | 60.17M | 14.88M | 35.38M | 3.58M |
| Free cash flow | -27.44M | -27.56M | -15.14M | -8.10M | 19.92M |
Sector: Consumer Defensive Industry: Education & Training Services
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| LINC Lincoln Educational Services |
0.51 2.22% |
23.51 | 34.82 | 26.88 | 1.41 | 3.92 | 1.71 | 16.56 |
| EDU New Oriental Education & Technology |
- -% |
52.76 | 18.94 | 12.42 | 1.60 | 2.27 | 0.84 | 7.37 |
| NWOEF New Oriental Education & Technology Group Inc. |
- -% |
4.52 | 15.07 | 9.88 | 1.27 | 1.80 | 0.87 | 7.67 |
| TAL TAL Education Group |
- -% |
10.07 | 7.34 | 9.21 | 2.04 | 1.58 | 1.25 | 10.01 |
| LAUR Laureate Education Inc |
0.65 1.86% |
35.61 | 16.23 | 15.31 | 2.70 | 4.44 | 3.08 | 9.75 |
Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented postsecondary education services to high school graduates and working adults in the United States. It operates in two segments, Campus Operations and Transitional. The company offers associate's degree, and diploma and certificate programs in automotive technology; skilled trades programs, including electrical, heating and air conditioning repair, welding, computerized numerical control, and electrical and electronic systems technology; and health science and information technology programs. It operates schools under the Lincoln Technical Institute, Lincoln College of Technology, and Nashville Auto Diesel College brands. Lincoln Educational Services Corporation was founded in 1946 and is headquartered in Parsippany, New Jersey.
| Name | Title | Year Born |
|---|---|---|
| Mr. Scott M. Shaw | Pres, CEO & Director | 1963 |
| Mr. Brian K. Meyers CPA | Exec. VP, CFO & Treasurer | 1967 |
| Mr. Stephen M. Buchenot | Exec. VP of Campus Operations | 1956 |
| Mr. Valerian J. Thomas | Sr. VP & Chief Information Officer | 1963 |
| Mr. Tayfun Selen | Sr. VP of Admin. & Real Estate | NA |
| Ms. Alexandra M. Luster | Sr. VP, Gen. Counsel & Corp. Sec. | 1965 |
| Mr. Francis S. Giglio | Sr. VP of Compliance & Regulatory Services | NA |
| Mr. Peter Tahinos | Sr. VP of Marketing | 1959 |
| Mr. Stephen E. Ace | Sr. VP of HR | 1964 |
| Mr. Chad D. Nyce | Exec. VP & Chief Innovation Officer | 1973 |
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