Lincoln National Financial Ratios
NYSE: LNCFinanceLife InsuranceUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Lincoln National ratio analysis
Lincoln National earned a net margin of 6.5% in FY 2025, down from 17.8% a year earlier. Return on equity reached 10.8%, meaning Lincoln National generated 0.11 dollars of profit for every dollar of shareholders' equity. Debt-to-equity stood at 0.57 versus 0.74 the year before.
At the end of FY 2025, LNC traded at 7.7 times earnings; across the 9 fiscal years shown, its year-end P/E ranged from 1.8 to 19.7, with a median of 7.7. Valuation ratios use the closing share price on each fiscal year-end date and diluted shares from the income statement; profitability and leverage ratios use reported annual figures. Current valuation multiples are on the statistics page.
Summary generated from market data by MetaCap's automated system. Methodology
Lincoln National financial ratios (annual)
| Ratio | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| P/E ratio (at fiscal year end) | 7.72 | 1.76 | — | 3.95 | 3.42 | 19.65 | 13.24 | 7.26 | 8.34 | 13.17 |
| Price / sales | 0.45 | 0.30 | 0.39 | 0.28 | 0.72 | 0.56 | 0.67 | 0.71 | 1.20 | 1.16 |
| Price / book | 0.75 | 0.67 | 0.66 | 1.03 | 0.64 | 0.43 | 0.59 | 0.81 | 0.99 | 1.07 |
| Net margin | 6.5% | 17.8% | -6.5% | 7.2% | 21.3% | 2.9% | 5.1% | 10.0% | 14.6% | 8.9% |
| Free cash flow margin | -0.9% | -10.9% | -17.8% | 19.2% | -1.2% | 3.1% | -15.6% | 11.8% | 5.5% | 9.5% |
| Return on equity (ROE) | 10.8% | 39.6% | -10.9% | 26.6% | 19.0% | 2.2% | 4.5% | 11.4% | 12.0% | 8.2% |
| Return on assets (ROA) | 0.3% | 0.8% | -0.2% | 0.4% | 1.0% | 0.1% | 0.3% | 0.6% | 0.7% | 0.5% |
| Debt / equity | 0.57 | 0.74 | 0.86 | 1.34 | 0.35 | 0.29 | 0.33 | 0.40 | 0.32 | 0.35 |
| Revenue growth | -1.2% | 58.4% | -38.1% | 6.2% | 1.6% | 1.0% | 5.1% | 15.2% | 7.0% | -1.8% |
| EPS growth | -68.3% | — | -163.2% | -61.0% | 679.7% | -41.6% | -40.8% | -19.7% | 83.3% | 11.5% |