Lincoln International, Inc. (LCLN) AI Stock Analysis

Lincoln International, Inc. operates as an independent investment banking advisory firm across the United States, Europe, and Asia. The company operates through two segments: Investment Banking Advisory and Valuations and Opinions. Its Investment Banking Advisory segment provides capital advisory, debt advisory, special situations and restructuring, growth/minority equity, and private funds advisory. The Valuations and Opinions segment offers portfolio valuations, transaction opinions, board advisory, and disputes advisory services to alternative asset managers such as private equity and hedge funds. Additionally, Lincoln International provides strategic consulting, an executive peer exchange called Connect, and the FirstChoice insurance platform.

In FY2021, the company delivered revenue of $640.7M and net income of $320.6M. Following a contraction in FY2023 where revenue fell 19.1% to $518.3M, top-line performance rebounded to $578.7M in FY2024 and grew 35.4% to $783.8M in FY2025. Gross margin expanded to 87.1% in FY2025, while operating margin was 27.5% and net margin was 27.3%. From FY2021 to FY2025, revenue grew at a 3-year CAGR of 7.0%. For the trailing twelve months ended June 30, 2026, revenue totaled $873.7M, supported by latest quarter year-over-year revenue growth of 50.8%, though operating margin fell to -7.0% and EPS dropped to -$1.65.

As of June 30, 2026, Lincoln International held $250.6M in cash and short-term investments against total debt of $241.8M, resulting in a net cash position of $8.8M. Total assets stood at $997.8M compared to shareholders' equity of $179.5M, yielding a debt-to-equity ratio of 1.35 and a current ratio of 2.41. In FY2025, the firm produced free cash flow of $214.4M on operating cash flow of $216.3M. Capital deployment during FY2025 included capital expenditures of $1.9M and share buybacks of $174.0M.

At a share price of $24.04 as of October 16, 2026, Lincoln International had a market capitalization of $2.53B and an enterprise value of $825.8M. The stock trades at a price-to-sales multiple of 2.9x, compared to 3.2x for the median of its US-listed Financial Services peers. Its EV-to-EBITDA stands at 11.1x, which compares to the peer median of 11.7x. The company has a price-to-book multiple of 6.2x and an EV-to-revenue multiple of 0.9x. The stock has traded between a 52-week low of $20.05 and a 52-week high of $27.55.

Lincoln International pays a quarterly dividend with an annual forward payout of $0.28 per share, representing a dividend yield of 1.16%. The payout ratio is 25.1%, and its last ex-dividend date was September 1, 2026.

Wall Street coverage includes 7 analysts, with 2 Strong Buy, 1 Buy, and 4 Hold ratings. The mean price target is $27.07, representing a 12.6% premium over the last close of $24.04. Consensus estimates project current fiscal year EPS of $1.34 on revenue of $989.7M for the period ending December 31, 2026. For the next fiscal year, analysts forecast EPS of $1.73 and revenue of $1.14B, reflecting expected year-over-year growth of 29.6% and 15.3%, respectively. The next earnings date is November 5, 2026.

This page is an AI-written research summary of Lincoln International, Inc. (LCLN). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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