Lincoln International, Inc. (LCLN) Key Metrics
LCLN valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $2.53B
- Enterprise value
- $825.8M
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 2.9
- Price / book
- 6.2
- EV / EBITDA
- 11.1
- Dividend yield
- 0.39% $0.28 a year
- Beta
- —
LCLN key metrics, 2021–2025
Fiscal year ended December 31, 2025 · U.S. dollarsLCLN returns How much profit the business earns on the capital it uses.
LCLN per-share figures Results divided by the shares outstanding at year-end.
LCLN financial health Debt, liquidity and how easily interest is covered.
LCLN efficiency & capital use Working capital cycle and where the cash goes.
LCLN returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
LCLN debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
LCLN cash returned to shareholders
LCLN key metrics
2021–2025| 2025 | 2024 | 2023 | 2021 | |
|---|---|---|---|---|
| Per share | ||||
| Revenue per share | $7.68 | $5.58 | $5.00 | $20.24 |
| Earnings per share | $2.10 | $1.55 | $1.57 | $10.13 |
| Operating cash flow per share | $2.12 | $1.44 | $1.77 | $11.51 |
| Free cash flow per share | $2.10 | $1.36 | $1.62 | $11.31 |
| Cash per share | $3.18 | $2.21 | $2.36 | $11.72 |
| Book value per share | $4.23 | $3.38 | $0.00 | $0.00 |
| Tangible book value per share | $0.40 | $2.65 | −$0.37 | −$0.10 |
| Capex per share | $0.02 | $0.08 | $0.15 | $0.20 |
| Debt per share | $4.11 | $1.45 | $1.70 | — |
| Shares outstanding | 102.0M | 103.6M | 103.6M | 31.7M |
| Change in shares outstanding | −1.6% | 0.0% | +227.4% | — |
| Returns & profitability | ||||
| Return on equity (ROE) | 54.8% | 91.6% | — | — |
| Return on invested capital (ROIC) | 52.7% | 151.6% | — | — |
| Return on assets (ROA) | 24.4% | 26.0% | 27.1% | 53.2% |
| Return on tangible assets | 29.4% | 28.5% | 29.1% | 53.5% |
| Free cash flow margin | 27.4% | 24.3% | 32.4% | 55.9% |
| Income quality (OCF / net income) | 1.01 | 0.93 | 1.13 | 1.14 |
| Financial health | ||||
| Total debt | $419.2M | $150.0M | $176.6M | — |
| Cash & short-term investments | $324.8M | $229.0M | $244.5M | $371.1M |
| Net debt | $94.4M | −$79.0M | −$67.9M | −$371.1M |
| Debt / equity | 0.97 | 0.43 | — | — |
| Debt / assets | 0.37 | 0.23 | 0.30 | — |
| Net debt / EBITDA | 0.37 | −0.46 | −0.40 | −1.07 |
| Current ratio | 21.24 | 18.50 | 3.30 | 4.03 |
| Quick ratio | 21.24 | 18.50 | 3.30 | 4.03 |
| Working capital | $491.9M | $347.3M | $259.9M | $338.3M |
| Invested capital | $525.6M | $271.8M | −$67.9M | −$371.1M |
| Tangible asset value | $48.2M | $278.5M | $291.6M | $361.3M |
| Net current asset value | −$163.3M | $81.4M | $105.1M | $211.6M |
| Graham number | $14.13 | $10.87 | — | — |
| Graham net-net per share | −$2.07 | $0.45 | $0.46 | $4.95 |
| Capital allocation | ||||
| Share buybacks (net) | $174.0M | $153.4M | $164.9M | $185.2M |
| Dividends + buybacks / free cash flow | 81.1% | 109.0% | 98.1% | 51.8% |
| Capex / revenue | 0.2% | 1.5% | 3.0% | 1.0% |
| Capex / operating cash flow | 0.9% | 5.8% | 8.5% | 1.8% |
| Capex / depreciation | 0.05 | 0.62 | 2.11 | 1.78 |
| SG&A / revenue | 11.2% | 31.7% | 29.2% | 6.8% |
| Efficiency | ||||
| Days sales outstanding | 76.7 | 73.3 | 44.3 | 18.1 |
| Days payables outstanding | 185.2 | 33.4 | 55.1 | 46.7 |
| Cash conversion cycle (days) | -108.5 | 39.9 | -10.8 | -28.7 |
| Receivables turnover | 4.76 | 4.98 | 8.24 | 20.18 |
| Payables turnover | 1.97 | 10.94 | 6.63 | 7.81 |
| Asset turnover | 0.89 | 0.93 | 0.86 | 1.06 |
| Average receivables | $164.8M | $116.2M | $62.9M | $31.7M |
| Average payables | $51.4M | $16.0M | $23.2M | $28.7M |
| Intangibles / total assets | 34.9% | 11.9% | 6.5% | 0.5% |
Computed from LCLN's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
LCLN valuation and financial ratios
Lincoln International earned a return on equity of 54.8% and a return on invested capital of 52.7% in fiscal 2025. It ended the year with $419.2 million of debt and $324.8 million in cash and short-term investments, net debt of $94.4 million. It returned $174.0 million to shareholders: $0 in dividends and $174.0 million in share buybacks, 81% of free cash flow.
See the LCLN income statement, the LCLN chart for price history, or the LCLN stock overview for the latest quote and news.
LCLN key metrics FAQ
What is Lincoln International's return on equity?
Lincoln International's return on equity (ROE) was 54.8% in fiscal 2025: net income of $214.1 million on average shareholders' equity of $391.0 million.
What is Lincoln International's ROIC?
Lincoln International's return on invested capital was 52.7% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Lincoln International have?
Lincoln International had total debt of $419.2 million at the end of fiscal 2025, a debt-to-equity ratio of 0.97 and $94.4 million of net debt (0.37 times EBITDA).
Does Lincoln International buy back its shares?
Yes. Lincoln International spent $174.0 million on net share repurchases in fiscal 2025 Shares outstanding changed −1.6% over the year, to 102.0M..
What is Lincoln International's current ratio?
Lincoln International's current ratio was 21.24 at the end of fiscal 2025: current assets were 21.24 times current liabilities.