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Complete financial analysis of Lincoln Educational Services Corporation (LINC) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Lincoln Educational Services Corporation, a leading company in the Education & Training Services industry within the Consumer Defensive sector.
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Lincoln Educational Services Corporation (LINC)
Industry: Education & Training Services
Sector: Consumer Defensive
Website: https://www.lincolntech.edu
About Lincoln Educational Services Corporation
Lincoln Educational Services Corporation, together with its subsidiaries, provides various career-oriented post-secondary education services to high school graduates and working adults in the United States. The company operates in two segments: Transportation and Skilled Trades, and Healthcare and Other Professions. It 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; health science programs comprising nursing, dental and medical assistant, claim examiner, medical administrative assistant, etc.; hospitality services programs, such as culinary, therapeutic massage, cosmetology, and aesthetics; and information technology programs. The company operates 22 schools in 14 states under the Lincoln Technical Institute, Lincoln College of Technology, Lincoln Culinary Institute, Euphoria Institute of Beauty Arts and Sciences, and other brand names. As of December 31, 2021, it had 13,059 students enrolled at 22 campuses. The company was founded in 1946 and is based in Parsippany, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 378.07M | 348.29M | 335.34M | 293.10M | 273.34M | 263.20M | 261.85M | 196.91M | 193.22M | 325.02M | 345.02M | 402.70M | 512.63M | 639.49M | 552.54M | 376.91M | 327.77M | 321.51M | 299.22M | 261.28M | 198.88M | 139.20M | 105.74M |
| Cost of Revenue | 162.28M | 148.75M | 138.93M | 122.20M | 123.50M | 125.37M | 129.41M | 94.92M | 92.17M | 164.35M | 172.69M | 192.21M | 222.96M | 239.74M | 211.30M | 153.53M | 139.50M | 136.63M | 121.52M | 104.84M | 85.20M | 66.58M | 52.95M |
| Gross Profit | 215.80M | 199.54M | 196.41M | 170.90M | 149.85M | 137.83M | 132.44M | 101.99M | 101.06M | 160.67M | 172.34M | 210.49M | 289.67M | 399.76M | 341.24M | 223.38M | 188.27M | 184.88M | 177.70M | 156.43M | 113.68M | 72.62M | 52.79M |
| Gross Profit Ratio | 57.08% | 57.29% | 58.57% | 58.31% | 54.82% | 52.37% | 50.58% | 51.79% | 52.30% | 49.43% | 49.95% | 52.27% | 56.51% | 62.51% | 61.76% | 59.27% | 57.44% | 57.50% | 59.39% | 59.87% | 57.16% | 52.17% | 49.92% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 170.94M | 147.39M | 135.82M | 125.00M | 115.38M | 111.84M | 111.78M | 75.13M | 70.12M | 150.44M | 162.89M | 174.20M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 38.20M | 35.00M | 33.10M | 31.20M | 29.80M | 29.40M | 27.00M | 28.00M | 28.20M | 18.00M | 15.60M | 30.10M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 209.14M | 182.39M | 168.92M | 156.20M | 145.18M | 141.24M | 138.78M | 103.13M | 98.32M | 168.44M | 178.49M | 204.30M | 244.40M | 270.88M | 252.67M | 187.72M | 162.40M | 157.31M | 145.19M | 130.94M | 97.71M | 0.00 | 59.02M |
| Other Expenses | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 6.71M | 4.14M | 297.00K | 18.00K | 14.00K | 0.00 | -8.00K | 0.00 | 80.00K | -15.00K | -435.00K | -7.00K | 368.00K | -22.00K | -70.67M | 0.00 |
| Operating Expenses | 209.14M | 182.39M | 168.92M | 156.20M | 145.18M | 141.24M | 138.78M | 103.13M | 98.32M | 168.44M | 178.49M | 204.30M | 244.40M | 270.88M | 252.67M | 187.80M | 162.38M | 156.87M | 145.19M | 131.31M | 97.69M | -70.67M | 59.02M |
| Cost & Expenses | 344.71M | 331.14M | 307.85M | 278.40M | 268.67M | 266.62M | 268.19M | 198.05M | 190.48M | 332.79M | 351.18M | 396.50M | 467.36M | 510.62M | 463.97M | 341.33M | 301.88M | 293.51M | 266.71M | 236.15M | 182.89M | 66.58M | 111.97M |
| Interest Income | 2.63M | 318.00K | 2.02M | 1.28M | 8.00K | 31.00K | 56.00K | 155.00K | 52.00K | 153.00K | 37.00K | 2.00K | 50.00K | 30.00K | 29.00K | 180.00K | 0.00 | 981.00K | 775.00K | 0.00 | 133.00K | 0.00 | 0.00 |
| Interest Expense | 347.00K | 160.00K | 2.02M | 1.28M | 2.96M | 2.42M | 7.10M | 6.00M | 7.44M | 5.61M | 4.67M | 4.48M | 4.37M | 4.53M | 4.28M | 2.15M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 6.77M | 6.36M | 7.14M | 7.40M | 8.12M | 8.42M | 8.70M | 11.07M | 14.51M | 19.34M | 23.70M | 26.85M | 28.46M | 26.22M | 24.24M | 17.92M | 15.93M | 15.06M | 13.28M | 11.12M | 7.83M | 70.67M | 5.47M |
| EBITDA | 42.76M | 23.51M | 56.40M | 22.18M | 12.79M | 4.50M | 4.04M | -10.91M | 19.41M | 17.51M | 19.97M | 14.12M | 63.42M | 148.93M | 112.62M | 53.61M | 25.89M | 45.68M | 48.37M | 36.21M | 26.25M | 72.62M | -759.00K |
| EBITDA Ratio | 11.31% | 5.02% | 8.20% | 5.02% | 4.68% | -1.29% | -2.40% | 2.91% | 3.59% | -2.25% | -1.77% | 1.54% | 8.84% | 20.16% | 16.03% | 14.21% | 12.75% | 13.30% | 15.22% | 14.01% | 11.86% | 52.17% | -0.72% |
| Operating Income | 33.36M | 11.11M | 20.34M | 7.30M | 5.24M | -3.95M | -4.72M | -5.16M | 778.00K | -48.55M | -9.56M | -27.66M | 34.89M | 122.64M | 88.32M | 35.58M | 25.89M | 28.00M | 32.51M | 25.12M | 15.99M | 1.95M | -6.23M |
| Operating Income Ratio | 8.82% | 3.19% | 6.07% | 2.49% | 1.92% | -1.50% | -1.80% | -2.62% | 0.40% | -14.94% | -2.77% | -6.87% | 6.81% | 19.18% | 15.98% | 9.44% | 7.90% | 8.71% | 10.86% | 9.62% | 8.04% | 1.40% | -5.89% |
| Total Other Income/Expenses | 2.28M | 158.00K | -2.02M | -1.28M | -2.96M | -2.39M | -7.04M | 810.00K | -321.00K | -30.05M | -4.61M | -19.37M | -4.36M | -4.46M | -4.21M | -2.04M | -2.13M | -1.44M | 705.00K | -2.86M | -2.11M | -2.73M | -1.35M |
| Income Before Tax | 35.64M | 16.44M | 47.25M | 13.51M | 2.28M | -6.35M | -11.76M | -4.30M | -2.47M | -53.71M | -14.17M | -32.12M | 30.59M | 118.18M | 84.11M | 33.54M | 23.76M | 26.56M | 30.64M | 22.22M | 13.57M | -775.00K | -7.59M |
| Income Before Tax Ratio | 9.43% | 4.72% | 14.09% | 4.61% | 0.84% | -2.41% | -4.49% | -2.18% | -1.28% | -16.53% | -4.11% | -7.98% | 5.97% | 18.48% | 15.22% | 8.90% | 7.25% | 8.26% | 10.24% | 8.50% | 6.83% | -0.56% | -7.18% |
| Income Tax Expense | 9.64M | 3.80M | 12.53M | -35.06M | 268.00K | 200.00K | -274.00K | 200.00K | 242.00K | -4.23M | 19.59M | -8.24M | 13.05M | 48.45M | 34.87M | 13.34M | 9.93M | 11.01M | 11.93M | 9.24M | 5.36M | -101.00K | -2.94M |
| Net Income | 26.00M | 12.63M | 34.72M | 48.57M | 2.02M | -6.55M | -11.48M | -28.30M | -3.35M | -56.13M | -51.29M | -37.19M | 17.54M | 69.73M | 49.24M | 20.20M | 8.34M | 15.55M | 18.71M | 12.98M | 8.22M | -674.00K | -4.65M |
| Net Income Ratio | 6.88% | 3.63% | 10.35% | 16.57% | 0.74% | -2.49% | -4.39% | -14.37% | -1.73% | -17.27% | -14.86% | -9.23% | 3.42% | 10.90% | 8.91% | 5.36% | 2.54% | 4.84% | 6.25% | 4.97% | 4.13% | -0.48% | -4.39% |
| EPS | 0.86 | 0.36 | 1.04 | 1.49 | 0.08 | -0.27 | -0.48 | -1.21 | -0.14 | -2.46 | -2.28 | -1.68 | 0.80 | 2.86 | 1.87 | 0.80 | 0.33 | 0.61 | 0.80 | 0.60 | 0.38 | -0.03 | -0.22 |
| EPS Diluted | 0.85 | 0.36 | 1.04 | 1.49 | 0.08 | -0.27 | -0.48 | -1.21 | -0.14 | -2.46 | -2.28 | -1.68 | 0.79 | 2.79 | 1.82 | 0.78 | 0.32 | 0.60 | 0.76 | 0.56 | 0.37 | -0.03 | -0.22 |
| Weighted Avg Shares Out | 30.11M | 25.88M | 25.08M | 24.75M | 24.55M | 24.24M | 23.91M | 23.39M | 23.17M | 22.81M | 22.51M | 22.20M | 22.02M | 24.42M | 26.34M | 25.31M | 25.48M | 25.34M | 23.48M | 21.68M | 21.67M | 21.66M | 21.36M |
| Weighted Avg Shares Out (Dil) | 30.54M | 25.88M | 25.08M | 24.75M | 24.55M | 24.42M | 23.91M | 23.45M | 23.17M | 22.81M | 22.51M | 22.20M | 22.16M | 25.02M | 27.10M | 25.98M | 26.09M | 26.09M | 24.50M | 23.10M | 22.36M | 21.66M | 21.36M |
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