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LINCOLN NATIONAL CORP

LNC

$46.03 ▼ -0.65 (-1.39%) at close

19 Visible periods

35 Metrics

Peer-ranked Benchmarks

Price Chart

Health

Fair

Neutral

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Analytical Summary

LINCOLN NATIONAL CORP shows mixed fundamentals. Consider comparing against peers in the Financials sector before making investment decisions.

Market Cap $8.4B

Dividend Yield 3.91%

Revenue Growth -1.2% ↘

Op. Margin 7.3% ↘

ROIC None

FCF / Share None

Trailing P/E 7.8x

Price / Book 0.8x

FCF Yield —

Debt / Equity 0.57

info Valuation on last close. End-of-day price, Aug 7, 2026.

19-Year Financial Trajectory

Annual

Metric Value Trend Year over Year Percentile

Revenue Total top-line sales

$18.21B

↓ -1.2% —

Net Income Profit after all expenses

$1.18B

↓ -64.1% —

Operating Margin Operating profit as % of sales

7.3%

↓ -66.3% 49th

Long-Term Debt Long-term obligations

$6.26B

↑ +3.0% —

Health Breakdown

Profitability ↓

Returns ↑

Financial Health ↑

Dividend History

Dividend / share · sourced from SEC filings

$1.80 Latest / share

+0.0% YoY

+9.3% 12-yr CAGR

$0.68

FY 2014

$0.85

FY 2015

$1.04

FY 2016

$1.20

FY 2017

$1.36

FY 2018

$1.51

FY 2019

$1.62

FY 2020

$1.71

FY 2021

$1.80

FY 2022

$1.80

FY 2023

$1.80

FY 2024

$1.80

FY 2025

Financial view

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📈 Is growth accelerating? 7 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue Growth YoY (%)	-1.2% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-121%)	58.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+873%)	-38.0% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-733%)	-2.3% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-139%)	10.3% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+71%)	1.0% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-83%)	5.1% Fair ↓ Fair Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-15%)	15.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+153%)	7.0% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+16%)	-1.8% Weak ↓ Weak Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-130%)	0.1% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-98%)	13.2% Good ↑ Good Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+121%)	3.8% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-37%)	8.4% Fair ↑ Fair Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+40%)	2.2% Caution ↓ Caution Declining Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-63%)	22.4% Excellent ↑ Excellent Improving Year-over-year change in total revenue Optimal: > 10% vs Sector: Above avg (+274%)	-7.9% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-231%)	-4.1% Weak Weak Year-over-year change in total revenue Optimal: > 10% vs Sector: Below avg (-168%)	—
EPS Growth YoY (%)	-68.2% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	62.2% Excellent ↓ Excellent Declining Year-over-year change in earnings per share Optimal: > 10%	N/M	190.7% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	-41.5% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-42.0% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	-18.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	83.9% Excellent ↑ Excellent Improving Year-over-year change in earnings per share Optimal: > 10%	10.7% Fair ↑ Fair Improving Year-over-year change in earnings per share Optimal: > 10%	-20.8% Weak ↓ Weak Declining Year-over-year change in earnings per share Optimal: > 10%	24.1% Good ↓ Good Declining Year-over-year change in earnings per share Optimal: > 10%	0.0% Caution ↓ Caution Declining Year-over-year change in earnings per share Optimal: > 10%	387.5% Excellent Excellent Year-over-year change in earnings per share Optimal: > 10%	-63.4% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	N/M	N/M	-95.1% Weak Weak Year-over-year change in earnings per share Optimal: > 10%	—
Net Income Growth YoY (%)	-64.1% Weak Weak Year-over-year change in net income	N/M	66.2% Excellent → Excellent Stable Year-over-year change in net income	N/M	181.6% Excellent ↑ Excellent Improving Year-over-year change in net income	-43.7% Weak ↓ Weak Declining Year-over-year change in net income	-46.0% Weak ↓ Weak Declining Year-over-year change in net income	-21.1% Weak ↓ Weak Declining Year-over-year change in net income	74.4% Excellent ↑ Excellent Improving Year-over-year change in net income	3.3% Caution ↑ Caution Improving Year-over-year change in net income	-23.8% Weak ↓ Weak Declining Year-over-year change in net income	21.8% Good ↓ Good Declining Year-over-year change in net income	-5.3% Weak ↓ Weak Declining Year-over-year change in net income	346.6% Excellent Excellent Year-over-year change in net income	-70.0% Weak Weak Year-over-year change in net income	N/M	N/M	-95.3% Weak Weak Year-over-year change in net income	—
FCF Growth YoY (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Revenue CAGR 3Y (%)	-1.0% Weak ↑ Weak Improving Compound annual revenue growth over 3 years	-1.4% Weak → Weak Stable Compound annual revenue growth over 3 years	-12.6% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	2.9% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.4% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	6.9% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	9.0% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	6.6% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	1.7% Weak ↓ Weak Declining Compound annual revenue growth over 3 years	3.7% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	5.6% Fair ↓ Fair Declining Compound annual revenue growth over 3 years	8.4% Fair ↑ Fair Improving Compound annual revenue growth over 3 years	4.8% Caution ↓ Caution Declining Compound annual revenue growth over 3 years	10.7% Good ↑ Good Improving Compound annual revenue growth over 3 years	4.9% Caution Caution Compound annual revenue growth over 3 years	2.7% Caution Caution Compound annual revenue growth over 3 years	—	—	—
Revenue CAGR 5Y (%)	0.9% Weak ↑ Weak Improving Compound annual revenue growth over 5 years	1.3% Caution ↓ Caution Declining Compound annual revenue growth over 5 years	-6.6% Weak ↓ Weak Declining Compound annual revenue growth over 5 years	5.7% Fair → Fair Stable Compound annual revenue growth over 5 years	7.6% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	5.1% Fair → Fair Stable Compound annual revenue growth over 5 years	5.0% Fair → Fair Stable Compound annual revenue growth over 5 years	6.5% Fair ↑ Fair Improving Compound annual revenue growth over 5 years	4.3% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	4.6% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	5.5% Fair ↓ Fair Declining Compound annual revenue growth over 5 years	9.8% Good ↑ Good Improving Compound annual revenue growth over 5 years	5.3% Fair Fair Compound annual revenue growth over 5 years	3.7% Caution Caution Compound annual revenue growth over 5 years	—	—	—	—	—
EPS CAGR 3Y (%)	—	35.5% Excellent Excellent Compound annual EPS growth over 3 years	—	—	-0.4% Weak ↑ Weak Improving Compound annual EPS growth over 3 years	-34.9% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	-4.7% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	18.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	17.2% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	2.8% Caution ↓ Caution Declining Compound annual EPS growth over 3 years	-0.6% Weak ↓ Weak Declining Compound annual EPS growth over 3 years	82.2% Excellent ↑ Excellent Improving Compound annual EPS growth over 3 years	21.3% Excellent ↓ Excellent Declining Compound annual EPS growth over 3 years	—	63.4% Excellent Excellent Compound annual EPS growth over 3 years	-16.5% Weak Weak Compound annual EPS growth over 3 years	—	—	—

💰 Are margins durable? 5 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Operating Margin (%) (%)	7.3% Caution ↑ Caution Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	21.8% Good ↑ Good Improving Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-13%)	-9.9% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-139%)	-15.0% Weak ↓ Weak Declining Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-160%)	8.5% Caution Caution Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-66%)	2.4% Weak Weak Operating income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-90%)	—	—	—	—	—	—	—	—	—	—	—	—	—
Effective Tax Rate (%) (%)	12.0% Excellent ↓ Excellent Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	18.6% Good ↓ Good Declining Actual taxes paid relative to pre-tax income Optimal: 15-25%	34.5% Weak ↑ Weak Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	20.8% Good ↑ Good Improving Actual taxes paid relative to pre-tax income Optimal: 15-25%	14.2% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	-18.0% Excellent Excellent Actual taxes paid relative to pre-tax income Optimal: 15-25%	—	—	—	—	—	—	—	—	—	—	—	—	—
Profit Margin (%) (%)	6.5% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-71%)	17.8% Good ↑ Good Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-19%)	-6.5% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-129%)	-11.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-154%)	7.3% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-67%)	2.9% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	5.1% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-77%)	10.0% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-55%)	14.6% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-34%)	8.9% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-59%)	8.5% Caution ↓ Caution Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-61%)	11.2% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-49%)	10.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-53%)	11.4% Fair ↑ Fair Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-48%)	2.8% Weak ↑ Weak Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-87%)	9.4% Caution ↑ Caution Improving Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-57%)	-5.7% Weak ↓ Weak Declining Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-126%)	0.6% Weak Weak Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-97%)	12.6% Fair Fair Net income as a percentage of revenue Optimal: > 15% vs Sector: Below avg (-43%)
FCF Margin (%) (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
FCF / Net Income (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

🎯 Is capital allocation efficient? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Return on Invested Capital (%) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Return on Capital (%) (%)	0.3% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.8% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.2% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	-0.7% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.4% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.1% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.3% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.6% Weak → Weak Stable Operating profit relative to total assets Optimal: > 10%	0.7% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↓ Weak Declining Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.6% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.1% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	0.5% Weak ↑ Weak Improving Operating profit relative to total assets Optimal: > 10%	-0.3% Weak Weak Operating profit relative to total assets Optimal: > 10%	0.0% Weak Weak Operating profit relative to total assets Optimal: > 10%	—
Return on Common Equity (%) (%)	10.8% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-10%)	39.6% Excellent ↑ Excellent Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Above avg (+230%)	-10.9% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-191%)	-54.3% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-553%)	6.9% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-42%)	2.2% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-82%)	4.5% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-63%)	11.4% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	12.0% Fair ↑ Fair Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: At sector avg	8.2% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-31%)	8.5% Caution ↓ Caution Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-29%)	9.6% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-20%)	9.2% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-23%)	8.8% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-27%)	2.1% Weak ↑ Weak Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-83%)	7.7% Caution ↑ Caution Improving Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-36%)	-4.1% Weak ↓ Weak Declining Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-135%)	0.7% Weak Weak Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-94%)	10.4% Fair Fair Profit generated per dollar of shareholder equity Optimal: > 15% vs Sector: Below avg (-14%)

⚖️ Is the balance sheet risky? 4 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Debt to Equity (x)	0.57x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-52%)	0.74x Fair ↓ Fair Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-39%)	—	1.54x Weak ↑ Weak Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Above avg (+29%)	0.31x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	—	0.31x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-74%)	0.40x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-67%)	0.30x Excellent ↓ Excellent Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-75%)	0.35x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-71%)	0.39x Good → Good Stable Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-67%)	0.34x Good ↓ Good Declining Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-72%)	0.43x Good ↑ Good Improving Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-64%)	0.36x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-70%)	0.38x Good Good Total debt relative to shareholder equity Optimal: < 0.6x vs Sector: Below avg (-68%)	—	—	—	—
Interest Coverage (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Debt (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt / EBITDA (x) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

📊 What does each share earn? 8 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Revenue per Share (USD)	$99.70	$108.10	$68.68	$109.83	$102.64	$90.07	$86.03	$76.06	$64.18	$56.92	$54.15	$51.96	$45.06	$41.09	$34.62	$33.57	$30.35	—	—
Basic EPS, GAAP (USD)	$5.94	$18.66	$-4.92	$-13.02	$7.50	$2.58	$4.41	$7.60	$9.36	$5.09	$4.60	$5.81	$4.68	$4.68	$0.96	$2.62	$-1.85	$0.22	$4.50
Free Cash Flow per Share (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Dividend per Share (USD)	$1.80	$1.80	$1.80	$1.80	$1.71	$1.62	$1.51	$1.36	$1.20	$1.04	$0.85	$0.68	$0.52	$0.36	$0.23	$0.08	$0.04	$1.46	$1.60
Book Value per Share (USD)	$57.38	$48.53	$40.63	$24.23	$114.41	$118.02	$100.11	$69.71	$79.43	$63.97	$55.84	$61.35	$51.17	$55.17	$48.62	$40.56	$41.78	—	—
Tangible Book Value per Share (USD)	$51.37	$41.82	$33.88	$17.47	$104.37	$108.78	$91.07	$61.05	$73.15	$53.92	$46.52	$52.49	$42.52	$46.79	$40.82	$31.00	$31.02	—	—
Basic Weighted Avg Shares (shares)	182.67M	170.60M	169.56M	171.03M	187.36M	193.61M	200.61M	215.94M	222.13M	234.18M	250.63M	260.88M	265.63M	280.65M	307.22M	310.01M	280.03M	—	—
Dividend Payout Ratio (%)	30.3% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	9.6% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	-36.6% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-13.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	22.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	62.8% Fair ↑ Fair Improving Dividends paid as a percentage of earnings Optimal: 30-60%	34.2% Good ↑ Good Improving Dividends paid as a percentage of earnings Optimal: 30-60%	17.9% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	12.8% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	20.4% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	18.5% Excellent ↑ Excellent Improving Dividends paid as a percentage of earnings Optimal: 30-60%	11.7% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	11.1% Excellent → Excellent Stable Dividends paid as a percentage of earnings Optimal: 30-60%	7.7% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	24.0% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	3.1% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	-2.2% Excellent ↓ Excellent Declining Dividends paid as a percentage of earnings Optimal: 30-60%	661.4% Weak Weak Dividends paid as a percentage of earnings Optimal: 30-60%	35.6% Good Good Dividends paid as a percentage of earnings Optimal: 30-60%

🏦 How resilient is the balance sheet? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Working Capital (USD) N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
LT Debt (USD)	$6.26B	$6.08B	—	$6.33B	$6.33B	—	$6.13B	$5.69B	$5.12B	$5.12B	$5.32B	$5.27B	$5.77B	$5.37B	$5.39B	—	—	—	—
Total Equity (USD)	$10.91B	$8.27B	$6.89B	$4.10B	$20.27B	$22.70B	$19.69B	$14.35B	$17.32B	$14.48B	$13.62B	$15.74B	$13.45B	$14.97B	$14.16B	$12.81B	$11.70B	$7.98B	$11.72B

📋 What is driving earnings? 3 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Sales/Revenue/Turnover (USD)	$18.21B	$18.44B	$11.64B	$18.78B	$19.23B	$17.44B	$17.26B	$16.42B	$14.26B	$13.33B	$13.57B	$13.55B	$11.97B	$11.53B	$10.64B	$10.41B	$8.50B	$9.22B	$9.61B
Net Income, GAAP (USD)	$1.18B	$3.27B	$-752.00M	$-2.23B	$1.41B	$499.00M	$886.00M	$1.64B	$2.08B	$1.19B	$1.15B	$1.51B	$1.24B	$1.31B	$294.00M	$980.00M	$-485.00M	$57.00M	$1.22B
Operating Cash Flow (USD)	$-167.00M	$-2.01B	$-2.07B	$4.03B	$151.00M	$534.00M	$-2.69B	$1.94B	$788.00M	$1.27B	$2.24B	$2.53B	$799.00M	$1.27B	$1.28B	$1.72B	$937.00M	$1.26B	$1.96B

🏛️ Sector-Specific 2 metrics

Metric	FY 2025 Dec 31, 2025 10-K ↗	FY 2024 Dec 31, 2024 10-K ↗	FY 2023 Dec 31, 2023 10-K ↗	FY 2022 Dec 31, 2022 10-K ↗	FY 2021 Dec 31, 2021 10-K ↗	FY 2020 Dec 31, 2020 10-K ↗	FY 2019 Dec 31, 2019 10-K ↗	FY 2018 Dec 31, 2018 10-K ↗	FY 2017 Dec 31, 2017 10-K ↗	FY 2016 Dec 31, 2016 10-K ↗	FY 2015 Dec 31, 2015 10-K ↗	FY 2014 Dec 31, 2014 10-K ↗	FY 2013 Dec 31, 2013 10-K ↗	FY 2012 Dec 31, 2012 10-K ↗	FY 2011 Dec 31, 2011 10-K ↗	FY 2010 Dec 31, 2010 10-K ↗	FY 2009 Dec 31, 2009 10-K ↗	FY 2008 Dec 31, 2008 10-K ↗	FY 2007 Dec 31, 2007 10-K ↗
Premiums Earned (USD)	$12.16B	$11.83B	$9.14B	$6.09B	$5.62B	$5.37B	$5.51B	$4.60B	$3.26B	$2.99B	$3.25B	$2.99B	$2.69B	$2.46B	$2.29B	$2.18B	$2.06B	$2.02B	$1.85B
Loss Ratio (%) (%)	65.4%	66.9%	67.2%	206.1%	151.8%	161.5%	142.9%	147.5%	158.5%	157.1%	155.4%	156.6%	143.7%	143.7%	145.8%	152.9%	137.4%	151.6%	130.9%

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bar_chart Data from SEC EDGAR XBRL filings

Synced 1 week ago 19 years · 74 quarters

LINCOLN NATIONAL CORP

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19-Year Financial Trajectory

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